Weekly CFO Buys Highlight: SPMI, CCME, UTA, ADUS, NOR

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Dec 19, 2010
According to GuruFocus Insider Data, the largest CFO buys during the past week were Noranda Aluminum Holding, Addus Homecare Corp., Universal Travel Group, China Mediaexpress Holdings Inc, and Speedemissions, Inc.

Speedemissions, Inc. (SPMI): CFO Michael S Shanahan Bought 307,200 Shares

CFO of Speedemissions, Inc. (SPMI) Michael S Shanahan bought 307,200 shares on 12/10/2010 at an average price of $0.01. Speedemissions, Inc., based in Atlanta, Georgia, is a vehicle emissions testing and safety inspections company with stores in Atlanta, Houston, Salt Lake City and St.

Speedemissions, Inc. announced its financial results for the third quarter ended September 30. Revenue decreased $285,534 or 11.0 percent to $2,313,816 in the third quarter of 2010 compared to $2,599,350 in the third quarter of 2009. The Company recognized net income of $51,095, or $0.00 per basic and diluted share in the third quarter of 2010 compared to net income of $60,531, or $0.01 per basic and diluted share in the third quarter of 2009.

CFO Michael S Shanahan, Director Michael E Guirlinger, and 10% Owner Richard Molinsky bought shares of SPMI stock.

China Mediaexpress Holdings Inc (CCME, Financial): CFO Jacky Wai Kei Lam Bought 100,000 Shares

CFO of China Mediaexpress Holdings Inc (CCME) Jacky Wai Kei Lam bought 100,000 shares on 12/09/2010 at an average price of $15. China MediaExpress Holdings, Inc. is China's largest television advertising operator that generates revenue by selling advertisements on its network of television displays installed on over 18,000 express buses originating in thirteen of China's most prosperous regions. China Mediaexpress Holdings Inc has a market cap of $559.5 million; its shares were traded at around $16.32 with a P/E ratio of 6.8 and P/S ratio of 5.9.

China MediaExpress Holdings announced financial results for the three and nine months ended September 30. Revenue increased by 118 percent to $57.0 million as compared to $26.1 million. Net income increased by 167 percent to $31.1 million or $0.81 per diluted share as compared to $11.7 million or $0.56 per diluted share.

CCME is in the portfolios of Steven Cohen of SAC Capital Advisors, Jim Simons of Renaissance Technologies LLC.

CFO Jacky Wai Kei Lam bought shares of CCME stock.

10% Owner Space Holding Ltd Thousand sold shares of CCME stock.

Universal Travel Group (UTA, Financial): CFO Xie Jing Bought 39,850 Shares

CFO of Universal Travel Group (UTA) Xie Jing bought 39,850 shares on 12/08/2010 at an average price of $6.2. UNIVERSAL TRAVEL GROUP, a fast growing travel services provider in China, is engaged in providing reservation, booking, and domestic and international travel and tourism services throughout China via the internet and through customer representatives. Universal Travel Group has a market cap of $123.6 million; its shares were traded at around $6.21 with a P/E ratio of 5.3 and P/S ratio of 1.3.

Universal Travel Group announced financial results for the three and nine months ended September 30, 2010. Net income from continuing operations was $7.3 million or $0.36 per diluted share, compared to $4.7 million or $0.31 per diluted share in the prior year period, a year over year increase of 55.3%. Revenue increased 55.4% year-over-year to $46.3 million.

UTA is in the portfolios of Jim Simons of Renaissance Technologies LLC, Pioneer Investments, Chuck Royce of Royce& Associates.

CFO Xie Jing bought shares of UTA stock.

Addus Homecare Corp. (ADUS, Financial): CFO Dennis Meulemans Bought 12,500 Shares

CFO of Addus Homecare Corp. (ADUS) Dennis Meulemans bought 12,500 shares on 12/14/2010 at an average price of $4.05. ADDUS HOMECARE is a comprehensive provider of a broad range of social and medical services in the home. Addus Homecare Corp. has a market cap of $47.2 million; its shares were traded at around $4.39 with a P/E ratio of 17 and P/S ratio of 0.2.

Addus HomeCare Corporation announced its financial results for the three and nine months ended September 30, 2010. Total net service revenues for the quarter ended September 30, 2010 were $69.8 million, a 4.5% increase compared to $66.8 million in the prior year quarter.

President and CEO Mark S. Heaney and CFO Dennis Meulemans bought shares of ADUS stock.

Noranda Aluminum Holding (NOR, Financial): CFO Robert B Mahoney Bought 10,000 Shares

CFO of Noranda Aluminum Holding (NOR) Robert B Mahoney bought 10,000 shares on 12/14/2010 at an average price of $11.9. Noranda Aluminum Holding Corporation, headquartered in Franklin, Tennessee, is a North American integrated producer of primary aluminum products and rolled aluminum coils. Noranda Aluminum Holding has a market cap of $695.4 million; its shares were traded at around $12.58 with and P/S ratio of 1.

Noranda Aluminum Holding Corporation announced its consolidated financial results for the third quarter of 2010. For the quarter, Noranda's performance resulted in diluted earnings per share of $0.45 on net income of $25.2 million. Revenues totaled $314.2 million. Income before taxes was $38.2 million, which included the benefit of $25.4 million from hedging and debt repurchase gains.

NOR is in the portfolios of HOTCHKIS & WILEY of HOTCHKIS & WILEY Capital Management LLC.

Pres/CEO Layle Kiplind Smith, CFO Robert B Mahoney, and COO Kyle David Lorentzen bought shares of NOR stock.

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