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Weekly CEO Buys Highlight: APP, BFS, MBI, WES, KRO

November 20, 2010 | About:
guruyt

guruyt

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Last week’s top five stocks that were bought by their CEOs were American Apparel Inc, Saul Centers Inc, MBIA Inc, WESTERN GAS PARTNERS LP, and Kronos Worldwide Inc.

According to GuruFocus Insider Data, these are the largest CEO buys during the past week.

American Apparel Inc (APP): Chairman and CEO, 10% Owner Dov Charney Bought 1,687,048 Shares

Chairman and CEO, 10% Owner of American Apparel Inc (APP) Dov Charney bought 1,687,048 shares during the past week at an average price of $1.4. AMERICAN APPAREL is a vertically-integrated manufacturer, distributor, and retailer of branded fashion basic apparel based in downtown Los Angeles, California. American Apparel Inc has a market cap of $100 million; its shares were traded at around $1.4 with a P/E ratio of 70 and P/S ratio of 0.2.

APP recently reported its third quarter 2010 results. Net sales for the third quarter of 2010 were $134.5 million, a decline of 10.5% compared to net sales of $150.3 million for the third quarter of 2009. Comparable store sales for stores open at least 12 months declined 16% on a constant currency basis.

Buy: Chairman and CEO, 10% Owner Dov Charney bought 200,000 shares of APP stock on 11/17/2010 at the average price of 1.32. Dov Charney owns at least 39,800,113 shares after this. The price of the stock has increased by 6.06% since. Other insiders have also increased their positions in the company.

Saul Centers Inc. (BFS): CEO, 10% Owner B Francis Saul Ii Bought 47,500 Shares

CEO, 10% Owner of Saul Centers Inc. (BFS) B Francis Saul Ii bought 47,500 shares during the past week at an average price of $43.5. SAUL CENTERS, INC. is a real estate investment trust which is engaged in the management and development of the shopping center business of the Saul Organization. Saul Centers Inc. has a market cap of $798.2 million; its shares were traded at around $43.5 with and P/S ratio of 5. The dividend yield of Saul Centers Inc. stocks is 3.3%. Saul Centers Inc. had an annual average earning growth of 0.7% over the past 10 years.

BFS recently reported its third quarter results. Total revenue for the three months ended September 30, 2010 decreased 1.7% to $39,551,000 compared to $40,235,000 for the three months ended September 30, 2009.

Sell: Sr. Vice President-CFO Scott V Schneider sold 5,000 shares of BFS stock on 09/14/2010 at the average price of 44.05. Scott V Schneider owns at least 10,152 shares after this. The price of the stock has decreased by 1.25% since.

MBIA Inc. (MBI): CEO Joseph W Brown Bought 100,000 Shares

CEO of MBIA Inc. (MBI) Joseph W Brown bought 100,000 shares on 11/18/2010 at an average price of $10.59. MBIA Incorporated is engaged in providing financial guaranteeinsurance and investment management and financial services to public finance clients and financial institutions on a global basis. Mbia Inc. has a market cap of $2.12 billion; its shares were traded at around $10.59 with and P/S ratio of 0.6.

George Soros owns 109,800 shares as of 09/30/2010, an increase of 107.17% from the previous quarter. This position accounts for 0.02% of the $6.69 billion portfolio of Soros Fund Management LLC. Bruce Berkowitz owns 32,123,000 shares as of 09/30/2010, an increase of 41.29% from the previous quarter. This position accounts for 2.87% of the $11.23 billion portfolio of Fairholme Capital Management.

Buy: President & COO William C Fallon bought 25,000 shares of MBI stock on 08/25/2010 at the average price of 8.72. William C Fallon owns at least 385,281 shares after this. The price of the stock has increased by 21.44% since.

WESTERN GAS PARTNERS LP (WES): CEO, President & Director Donald R. Sinclair Bought 33,422 Shares

CEO, President & Director of WESTERN GAS PARTNERS LP (WES) Donald R. Sinclair bought 33,422 shares on 11/15/2010 at an average price of $29.88. WESTERN GAS PARTNERS is a growth-oriented Delaware limited partnership formed by Anadarko Petroleum Corporation to own, operate, acquire and develop midstream energy assets. Western Gas Partners Lp has a market cap of $1.27 billion; its shares were traded at around $29.88 with a P/E ratio of 20 and P/S ratio of 5.3. The dividend yield of Western Gas Partners Lp stocks is 4.9%.

WES recently announced third-quarter 2010 financial and operating results. Net income available to limited partners for the third quarter of 2010 totaled $30.6 million, or $0.44 per limited partner unit (diluted).

Buy: Senior Vice President & CFO Benjamin Matthew Fink bought 334 shares of WES stock on 11/15/2010 at the average price of 29.92. Benjamin Matthew Fink owns at least 1,324 shares after this. The price of the stock has decreased by 0.13% since. Other insiders have also increased their positions in the company.

Kronos Worldwide Inc. (KRO): Vice Chair. of the Board & CEO Steven L Watson Bought 6,993 Shares

Vice Chair. of the Board & CEO of Kronos Worldwide Inc. (KRO) Steven L Watson bought 6,993 shares on 11/16/2010 at an average price of $42.24. KRONOS WORLDWIDE, INC. is a global producer and marketer of value-added titanium dioxide pigments. Kronos Worldwide Inc. has a market cap of $2.07 billion; its shares were traded at around $42.24 with a P/E ratio of 32 and P/S ratio of 1.8.

KRO recently reported net income for the third quarter of 2010 of $15.4 million compared with net income of $3.0 million in the third quarter of 2009. For the first nine months of 2010, Kronos International reported net income of $64.7 million compared with a net loss of $47.2 million for the first nine months of 2009.

Buy: , Director, 10% Owner Harold C Simmons bought 1,300 shares of KRO stock on 09/13/2010 at the average price of 34.5. Harold C Simmons owns at least 47,001,785 shares after this. The price of the stock has increased by 22.43% since. Other insiders have also increased their positions in the company.

  • CEO Buys, CFO Buys: Stocks that are bought by their CEO/CFOs.
  • Insider Cluster Buys: Stocks that multiple company officers and directors have bought.
  • Double Buys:: Companies that both Gurus and Insiders are buying
  • Triple Buys: Companies that both Gurus and Insiders are buying, and Company is buying back.

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Rating: 4.7/5 (3 votes)

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