Weekly CFO Buys Highlight: CETV, TSON, UCBI, RONE, GTEC

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Nov 21, 2010
According to GuruFocus Insider Data, the largest CFO buys during the past week were: Central European Media Enterprises Ltd., TranS1 Inc., United Community Banks Inc., Regal One Corporation, and Global Defense Technology and Systems, I.

Central European Media Enterprises Ltd. (CETV, Financial): CFO David J Sach Bought 27,500 Shares

CFO of Central European Media Enterprises Ltd. (CETV) David J Sach bought 27,500 shares on 11/15/2010 at an average price of $21.77. Central European Media Enterprises Ltd. Is involved in the Media and Advertising Industry. Central European Media Enterprises Ltd. has a market cap of $1.35 billion; its shares were traded at around $21.04 with and P/S ratio of 1.9.

Central European Media Enterprises Ltd. announced financial results for the three months and nine months ended September 30, 2010. Net revenues for the third quarter of 2010 increased $6.1 million to $134.4 million, compared to the third quarter of 2009. Operating loss for the quarter increased $4.6 million to $25.3 million. Net income attributable to the shareholders of CME for the quarter increased $25.0 million to $3.4 million. Fully diluted income per share for the quarter increased by $0.40 to $0.05.

CETV is in the portfolios of Jim Simons of Renaissance Technologies LLC.

President & CEO Adrian Sarbu sold shares of CETV stock.

TranS1 Inc. (TSON, Financial): Executive V.P. and CFO Joseph P Slattery Bought 10,000 Shares

Executive V.P. and CFO of TranS1 Inc. (TSON) Joseph P Slattery bought 10,000 shares on 11/12/2010 at an average price of $1.9. TranS1 is a medical device company focused on designing, developing and marketing products that implement its proprietary minimally invasive surgical approach to treat degenerative disc disease affecting the lower lumbar region of the spine. Trans1 Inc. has a market cap of $40 million; its shares were traded at around $1.9299 with and P/S ratio of 1.4.

TranS1 Inc. announced its financial results for the third quarter ended September 30, 2010. Revenues were $6.3 million in the third quarter of 2010, representing an 8% decrease over revenues of $6.9 million in the third quarter of 2009. Net loss was $3.8 million and $5.6 million for the quarters ended September 30, 2010 and 2009, respectively.

TSON is in the portfolios of Mario Gabelli of GAMCO Investors, Steven Cohen of SAC Capital Advisors, Jim Simons of Renaissance Technologies LLC.

Executive V.P. and CFO Joseph P Slattery and Director David J Simpson bought shares of TSON stock.

United Community Banks Inc. (UCBI, Financial): EVP & CFO Rex S Schuette Bought 9,000 Shares

EVP & CFO of United Community Banks Inc. (UCBI) Rex S Schuette bought 9,000 shares on 11/16/2010 at an average price of $1.38. United Community Banks Inc. has a market cap of $141.4 million; its shares were traded at around $1.5 with and P/S ratio of 0.3.

UCBI is in the portfolios of Arnold Schneider of Schneider Capital Management, James Barrow of Barrow, Hanley, Mewhinney & Strauss, Jim Simons of Renaissance Technologies LLC.

President & CEO Jimmy C Tallent, EVP & CFO Rex S Schuette. and Director Robert H Blalock bought shares of UCBI stock.

Regal One Corporation (RONE, Financial): CEO/CFO/Chairman Charles J Newman Bought 6,991 Shares

CEO/CFO/Chairman of United Community Banks Inc. (RONE) Charles J Newman bought 6,991 shares on 11/18/2010 at an average price of $0.06.

CEO/CFO/Chairman Charles J Newman bought shares of RONE stock.

Global Defense Technology and Systems, I (GTEC, Financial): Executive VP and CFO Joseph M. Cormier Bought 11,000 Shares

Executive VP and CFO of Global Defense Technology and Systems, I (GTEC) Joseph M. Cormier bought 11,000 shares during the past week at an average price of $13.09. Global Defense Technology & Systems, Inc. operates as a provider of mission-critical technology-based systems, solutions, and services for national security agencies and programs of the U. Global Defense Technology And Systems, I has a market cap of $121.8 million; its shares were traded at around $13.42 with a P/E ratio of 29.8 and P/S ratio of 0.6.

Global Defense Technology & Systems, Inc. announced its third quarter 2010 financial results. Revenue for the third quarter 2010 was $55.4 million. Total segment operating income was $5.2 million, or 9.5% of segment revenues. Unallocated corporate expenses totaled $2.5 million. This resulted in operating income for the third quarter 2010 of $2.8 million, or 5.0% of revenue.

PRESIDENT & CEO John F Hillen Iii, Executive VP and CFO Joseph M. Cormier, and Senior VP, Bus. Dev. and Op. Kirk Herdman bought shares of GTEC.

For the complete list of stocks that bought by their CFOs, go to: Insider Buys.