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Weekly CFO Buys Highlight: CNYD, PRWT, ANCB, SPPI, SPAX

January 30, 2011 | About:
According to GuruFocus Insider Data, these are the largest CFO buys during the past week: China Yida Hldg, Premierwest Bcp, Anchor Bancorp, Spectrum Pharma, and Biosante Pharma.

China Yida Hldg (CNYD): CFO George Wung Bought 15,000 Shares

CFO of China Yida Hldg (CNYD) George Wung bought 15,000 shares on 01/21/2011 at an average price of $9.75. China Yida Holding Co., Ltd. is a comprehensive media and tourism management company headquartered in Fuzhou of Fujian Province in China. China Yida Hldg has a market cap of $189.26 million; its shares were traded at around $9.68 with a P/E ratio of 7.17 and P/S ratio of 3.69.

China Yida Holding Company announced financial results for the quarter ended September 30, 2010. Total net revenue decreased by 21.2% to $11.0 million, compared with $14.0 million in the third quarter of 2009. Net revenue from the media business grew 14.6% to $9.7 million, compared with $8.5 million in the same period of last year.

CFO George Wung and VP of Investor Relations Wei Zhang bought shares of CNYD stock.

Premierwest Bcp (PRWT): EVP & CFO Douglas N Biddle Bought 10,000 Shares

EVP & CFO of Premierwest Bcp (PRWT) Douglas N Biddle bought 10,000 shares on 01/25/2011 at an average price of $0.34. PREMIERWEST BANCORP is a financial services holding company. Premierwest Bcp has a market cap of $34.63 million; its shares were traded at around $0.3451 with and P/S ratio of 0.43.

PremierWest Bancorp announced results for the fourth quarter of 2010 and twelve months ending December 31, 2010. Net loss applicable to common shareholders of $7.5 million compared to a net loss of $148.6 million for the twelve months ended December 31, 2009.

CEO John L Anhorn, EVP & CFO Douglas N Biddle, Director John A Duke bought shares of PRWT stock.

Anchor Bancorp (ANCB): Exec. VP, CFO and Treasurer Terri L Degner Bought 10,000 Shares

Exec. VP, CFO and Treasurer of Anchor Bancorp (ANCB) Terri L Degner bought 10,000 shares on 01/25/2011 at an average price of $10.

President & CEO Jerald L Shaw, Exec. VP, CFO and Treasurer Terri L Degner, Sr. VP and RDM Brett A Nielsen bought shares of ANCB stock.

Spectrum Pharma (SPPI): Acting CFO Brett L Scott Bought 4,000 Shares

Acting CFO of Spectrum Pharma (SPPI) Brett L Scott bought 4,000 shares on 01/20/2011 at an average price of $6.05. Spectrum Pharmaceuticals, Inc. is opportunistically acquiring and advancing a diversified portfolio of oncology drug candidates that meet critical health challenges for which there are few other treatment options. Spectrum Pharma has a market cap of $298.5 million; its shares were traded at around $5.97 with and P/S ratio of 7.85.

Acting CFO Brett L Scott and CSO AND HEAD OF R&D OPERATIONS George F Tidmarsh bought shares of SPPI stock.

Director Anthony E Maida Iii sold shares of SPPI stock.

Biosante Pharma (BPAX): Sr. VP of Finance, CFO & Sec'y Philip B Donenberg Bought 2,000 Shares

Sr. VP of Finance, CFO & Sec'y of Biosante Pharma (BPAX) Philip B Donenberg bought 2,000 shares during the past week at an average price of $1.88. Biosante Pharmaceutical is an emerging pharmaceutical company developing a pipeline of hormone therapy products to treat both men and women. Biosante Pharma has a market cap of $131.69 million; its shares were traded at around $1.86 with and P/S ratio of 104.68.

BioSante Pharmaceuticals, Inc. announced its third quarter 2010 financial results. BioSante incurred a net loss of approximately $11.6 million or ($0.16) per share for the quarter ended September 30, 2010, compared to a net loss of $6.4 million or ($0.21) per share for the same period in 2009. The Company’s cash and cash equivalents as of September 30, 2010 were approximately $35.5 million, as compared to cash and cash equivalents of approximately $29.9 million on December 31, 2009.

Vice Chairman, President & CEO Stephen M Simes, Sr. VP of Finance, CFO & Sec'y Philip B Donenberg, and Director Louis W Sullivan bought shares of BPAX stock.

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

About the author:

gurujk
Jonathan holds an MBA from the Richard Ivey School of Business at the University of Western Ontario where he studied value investing with Dr. George Athanassakos (Ben Graham Chair in Value Investing). Jonathan has a passion for finance and investing that radiates from the writings on this site. Visit his blog.

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