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Weekly CEO Buys Highlight: UXG, SHLD, GE, CDI, CTEK

March 05, 2011 | About:
GuruFocus

hyperman299

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Last week’s top five stocks that were bought by their CEOs were UXG, SHLD, GE, CDI, and CTEK. According to GuruFocus Insider Data, these are the largest CEO buys during the past week.

U S GOLD CORP (UXG): Chairman and CEO, 10% Owner Robert Ross Mcewen Bought 3,050,000 Shares

Chairman and CEO, 10% Owner of U S GOLD CORP (UXG) Robert Ross Mcewen bought 3,050,000 shares on 02/24/2011 at an average price of $8.06. U.S. GOLD CORP. is primarily engaged in the precious metal mining business in the continental United States, however, it may also evaluate properties outside the United States. U S Gold Corp has a market cap of $947.4 million; its shares were traded at around $8.06 .

Buy: Vice President - Projects Stefan Spears bought 12,000 shares of UXG stock on 02/24/2011 at the average price of 6.5. Stefan Spears owns at least 22,000 shares after this. The price of the stock has increased by 24% since.

Sears Holdings Corp. (SHLD): CEO & President Louis Dambrosio Bought 12,000 Shares

CEO & President of Sears Holdings Corp. (SHLD) Louis Dambrosio bought 12,000 shares on 03/01/2011 at an average price of $84.76. Sears Holdings Corporation, the parent of Kmart and Sears, Roebuck and Co. Sears Holdings Corp. has a market cap of $9.32 billion; its shares were traded at around $84.76 with a P/E ratio of 50.8 and P/S ratio of 0.2.

SHLD recently reported its fourth quarter 2010 results. Net income attributable to Holdings’ shareholders for the fourth quarter of $374 million ($3.43 per diluted share) in 2010 and $430 million ($3.74 per diluted share) in 2009 and for the year of $133 million ($1.19 per diluted share) in 2010 and $235 million ($1.99 per diluted share) in 2009;

Bruce Berkowitz owns 14,917,873 shares as of 12/31/2010, which accounts for 6.97% of the $15.79 billion portfolio of Fairholme Capital Management. Edward Lampert owns 48,179,755 shares as of 12/31/2010, which accounts for 38.42% of the $9.25 billion portfolio of ESL Investments. Steve Mandel owns 3,056,700 shares as of 12/31/2010, which accounts for 1.86% of the $12.14 billion portfolio of Lone Pine Capital.

Buy: CEO & President Louis Dambrosio bought 12,000 shares of SHLD stock on 03/01/2011 at the average price of 83.85. Louis Dambrosio owns at least 80,784 shares after this. The price of the stock has increased by 1.09% since.

GENERAL ELECTRIC (GE): Chairman and CEO Jeffrey R Immelt Bought 40,000 Shares

Chairman and CEO of GENERAL ELECTRIC (GE) Jeffrey R Immelt bought 40,000 shares on 03/01/2011 at an average price of $20.37. General Electric is one of the largest and most diversified industrial corporations in the world. General Electric has a market cap of $217.04 billion; its shares were traded at around $20.37 with a P/E ratio of 17.6 and P/S ratio of 1.5. The dividend yield of General Electric stocks is 2.8%. General Electric had an annual average earning growth of 7.9% over the past 10 years.

GE recently reported strong fourth-quarter 2010 earnings from continuing operations (attributable to GE) of $3.9 billion, or $0.36 per share, up 33% from the fourth quarter of 2009. Revenues grew to $41.4 billion for the quarter, the company’s first positive growth in nine quarters.

Mario Gabelli owns 5,301,747 shares as of 12/31/2010, an increase of 25.4% from the previous quarter. This position accounts for 0.36% of the $26.72 billion portfolio of GAMCO Investors. Chris Davis owns 491,800 shares as of 12/31/2010, an increase of 11.04% from the previous quarter. This position accounts for 0.02% of the $58.28 billion portfolio of Davis Selected Advisers.

Chris Davis owns 491,800 shares as of 12/31/2010, which accounts for 0.02% of the $58.28 billion portfolio of Davis Selected Advisers. Bruce Berkowitz owns 15,953,000 shares as of 12/31/2010, which accounts for 1.85% of the $15.79 billion portfolio of Fairholme Capital Management. James Barrow owns 47,988,722 shares as of 12/31/2010, which accounts for 1.85% of the $47.35 billion portfolio of Barrow, Hanley, Mewhinney & Strauss. Tom Gayner owns 2,477,940 shares as of 12/31/2010, a decrease of 31.9% of from the previous quarter. This position accounts for 2.53% of the $1.79 billion portfolio of Markel Gayner Asset Management Corp.

Buy: Director Alan G Lafley bought 25,000 shares of GE stock on 01/27/2011 at the average price of 20.17. Alan G Lafley owns at least 70,862 shares after this. The price of the stock has increased by 0.99% since.

CDI Corp. (CDI): President and CEO Paulett Eberhart Bought 35,000 Shares

President and CEO of CDI Corp. (CDI) Paulett Eberhart bought 35,000 shares during the past week at an average price of $15.3. CDI CORP. has three business segments: Technical Services, Temporary Services and Managment Recruiters. Cdi Corp. has a market cap of $291.3 million; its shares were traded at around $15.3 with a P/E ratio of 169.9 and P/S ratio of 0.3. The dividend yield of Cdi Corp. stocks is 3.4%.

For the fourth quarter 2010, the company reported revenue of $248.0 million, an increase of 14.2% (14.6% in constant currency) compared to $217.2 million for the fourth quarter 2009. Fourth quarter 2010 revenue includes $13.0 million from the operations of L.R. Kimball which was acquired on June 28, 2010 and is included in the CDI-Infrastructure vertical. Excluding L.R. Kimball, revenue for the fourth quarter 2010 increased 8.2% (8.6% in constant currency) versus the prior year. For the quarter ended December 31, 2010, the company reported a net loss of $14.6 million, or $0.77 per diluted share, compared to a net loss of $6.9 million, or $0.36 per diluted share, in the fourth quarter 2009.

Arnold Van Den Berg owns 824,955 shares as of 12/31/2010, which accounts for 1.28% of the $1.2 billion portfolio of Century Management.

Buy: President and CEO Paulett Eberhart bought 19,000 shares of CDI stock on 03/01/2011 at the average price of 14.95. Paulett Eberhart owns at least 35,000 shares after this. The price of the stock has increased by 2.34% since. Other insiders have decreased their positions in the company.

CleanTech Innovations Inc. (CTEK): Chairman and CEO, 10% Owner Bei Lu Bought 107,403 Shares

Chairman and CEO, 10% Owner of CleanTech Innovations Inc. (CTEK) Bei Lu bought 107,403 shares during the past week at an average price of $4.5. CleanTech Innovations, Inc operates as a manufacturer of structural towers for megawatt-class wind turbines as well as other highly engineered clean technology metal components in the People's Republic of China. Cleantech Innovations Inc. has a market cap of $112.3 million; its shares were traded at around $4.5 .

Buy: Chairman and CEO, 10% Owner Bei Lu bought 55,150 shares of CTEK stock on 03/03/2011 at the average price of 4.32. Bei Lu owns at least 13,718,133 shares after this. The price of the stock has increased by 4.17% since. Other insiders have also increased their positions in the company.

Rating: 1.0/5 (3 votes)

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