Weekly CFO Buys Highlight: MTG, STIR, CWST, CYDE

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Apr 25, 2011
According to GuruFocus Insider Data, these are the largest CFO buys during the past week were MGIC INVESTMENT CORP., STAG INDUSTRIAL INC., Casella Waste Systems Inc., and CyberDefender Corp.


MGIC INVESTMENT CORP. (MTG, Financial): Executive VP & CFO Jon Michael Lauer Bought 20,000 Shares


Executive VP & CFO of MGIC Investment Corporation (MTG) Jon Michael Lauer bought 20,000 shares on 04/21/2011 at an average price of $7.7. MGIC Investment Corp. is a holding company which, through its wholly owned subsidiary, Mortgage Guaranty Insurance Corporation, is the provider of private mortgage insurance coverage in the United States to the home mortgage lending industry. Mgic Investment Corp. has a market cap of $1.62 billion; its shares were traded at around $8.07 with and P/S ratio of 1.1.


MGIC Investment Corporation reported a net loss for the quarter ended March 31, 2011, of $33.7 million, compared with a net loss of $150.1 million for the same quarter a year ago. Diluted loss per share was $0.17 for the quarter ending March 31, 2011, compared to diluted loss per share of $1.20 for the same quarter a year ago. Total revenues for the first quarter were $353.1 million, compared with $370.8 million in the first quarter last year.


Chairman and CEO Curt S. Culver, Executive VP & CFO Jon Michael Lauer, and President and COO Patrick Sinks bought shares of MGIC Investment stock.


STAG INDUSTRIAL INC. (STIR, Financial): CFO, EVP and Treasurer Gregory W. Sullivan Bought 19,230 Shares


CFO, EVP and Treasurer of STAG INDUSTRIAL INC. (STIR) Gregory W. Sullivan bought 19,230 shares on 04/15/2011 at an average price of $13.


Chairman, CEO and President Benjamin S. Butcher, CFO, EVP and Treasurer Gregory W. Sullivan, and Director Francis X. Jacoby III bought shares of Stag Industrial stock.


Casella Waste Systems Inc. (CWST, Financial): Senior Vice President & CFO Edwin D. Johnson Bought 13,000 Shares


Senior Vice President & CFO of Casella Waste Systems Inc. (CWST) Edwin D. Johnson bought 13,000 shares during the past week at an average price of $6.54. Casella Waste Systems Inc. is a regional, integrated solid waste services company that provides collection, transfer, disposal and recycling services, generates steam and manufactures finished products utilizing recyclable materials primarily throughout the eastern portion of the United States and parts of Canada. Casella Waste Systems has a market cap of $182.1 million; its shares were traded at around $6.92 with and P/S ratio of 0.4. Casella Waste Systems had an annual average earnings growth of 8% over the past five years.


Casella Waste Systems Inc. reported financial results for its third quarter fiscal year 2011. For the quarter ended Jan. 31, 2011, revenues were $111.6 million, up $1.7 million or 1.6% over the same quarter last year, driven mainly by solid waste volume growth and higher commodity prices. The company's net loss applicable to common shareholders was $6.4 million, or $0.24 per common share for the quarter, compared to $4.4 million, or $0.17 per share for the same quarter last year. Adjusted EBITDA* for the quarter was $22.4 million, down $1.6 million from same quarter last year.


Senior Vice President & CFO Edwin D. Johnson bought shares of CWST stock.


Director Gregory B. Peters sold shares of Casella Waste Systems stock.


CyberDefender Corp. (CYDE, Financial): CFO Kevin Roy Harris Bought 5,000 Shares


CFO of CyberDefender Corp. (CYDE) Kevin Roy Harris bought 5,000 shares on 04/18/2011 at an average price of $1.7. CyberDefender Corp. is a public, California corporation, which provides Internet security services to consumers and small businesses. Cyberdefender Corp. has a market cap of $48.6 million; its shares were traded at around $1.78 with and P/S ratio of 1.


CyberDefender reported its financial results for the fourth quarter 2010. GAAP revenues for the fourth quarter of 2010 were $13.6 million, representing 81% growth over the $7.5 million in the same quarter of 2009.


CEO, 10% Owner Gary Guseinov, CFO Kevin Roy Harris, and Director Howard A. Bain III bought shares of CyberDefender stock.


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