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Weekly CEO Watch: Brookfield Homes Corp., Toreador Resources Corp., USANA Health Sciences Inc., Cedar Shopping Centers Inc. and Heartland Financial USA Inc.

September 18, 2007 | About:

Economy Still Growing in 2007; Investors got the rate cut they wanted. With a semi-growing economy, CEO buys from would be one good indication on when to dive-in to invest. Related companies: Brookfield Homes Corp. (BHS), Toreador Resources Corp. (TRGL), USANA Health Sciences Inc. (USNA), Cedar Shopping Centers Inc. (CDR) and Heartland Financial USA Inc. (HTLF).

Brookfield Homes Corp. (BHS): President & CEO Ian G. Cockwell Bought 53,000 Shares; the CEO ’ s Last Four BIG BUYS Was Valued Over $6.4 million

CEO and President of Brookfield Homes Corp. (BHS), Ian G. Cockwell purchased 53,000 shares on last Tuesday, at an average price of $18.58; the price of the stock has increased by 5.71% since. On three other occasions he purchased 75,000 at $19.04, 133,800 shares at $30.04, and 68,000 shares at $32.26. His latest four big buys totaled to be 344,800 shares, and valued over $6.4 million at the current price of $18.58.

About: Brookfield Homes Corporation, through its subsidiaries, engages in the design, construction, and marketing of single family and multifamily homes primarily to move-up and luxury homebuyers. BHS also develops land for its own communities, and sells lots to other homebuilders. Main operations are in four geographic markets: Northern California within San Francisco Bay & Sacramento; Southland of Los Angeles & San Diego; Riverside; and Washington DC. At the end of 2006, BHS closed a total of 7,621 homes and controlled 27,616 lots. Brookfield Homes Corp. has a market cap of $522.97 million; its shares were traded at around $19.64 with P/E ratio of 4.24 and P/S ratio of 0.66.

Two Gurus Increased Positions in BHS as of June: Ron Baron owns 2,647,700 shares, an increase of 4.1% of from the previous quarter. This position accounts for 0.39% of the $19.54 billion portfolio of Baron Funds. HOTCHKIS & WILEY owns 450,746 shares, an increase of 0.07% of from the previous quarter. This position accounts for 0.04% of the $33.15 billion portfolio of HOTCHKIS & WILEY Capital Management LLC.

Two BHS Director Buys : 1) Director Joan H. Fallon bought 300 shares of BHS stock on August 13th at the average price of $19.99; since then the price of the stock has decreased by -1.75%. 2) Director Robert L. Stelzl bought 1,000 shares of BHS stock on August 6th at the average price of $17.87; the price of the stock has increased by 9.9% since.

Toreador Resources Corp. (TRGL): President and CEO Nigel Lovett Bought 10,000 Shares

CEO and President of Toreador Resources Corp. (TRGL), Nigel Lovett, bought 10,000 shares last Tuesday at an average price of $9.95; the price of the stock has increased by 10.05% since. Lovett made two other purchases in March and April: 5,500 shares at $18.44, and 6,200 shares at $16.25, respectively.

About: Toreador Resources Corporation, together with its subsidiaries, operates as an independent energy company. It engages in the exploration, development, production, leasing, and acquisition of oil and natural gas properties. Toreador Resources Corp. has a market cap of $212.29 million; its shares were traded at around $10.95 with P/S ratio of 5.25.

Long Queue of Insider Buys since March: 1) Director Alan D. Bell bought 5,000 shares of TRGL stock on 05/23/2007 at $16.72. 2) Director Herbert L. Brewer bought a total of 50,767 shares on three occasions: 25,000 shares at $14.65, 15,000 shares at $13.19, and 10,767 shares at $18.34. 3) Director William I. Lee bought 100,000 shares at $13.63. 4) Vice President of Finance and Accounting, Charles J. Campise, bought 3,000 shares of TRGL stock at $13.24. 5) Director Nicholas Rostow made one purchase of 100 shares on 04/26/2007 at $16.64, and made one sell of 3,522 shares on 07/16/2007 at $14.50; since then; since his sell, the price of the stock has decreased by -24.48%. 6) Director Peter Lawrence Et Al Falb sold a total of 7,500 shares in April: 2,500 shares at $18.77, and 5,000 shares at $18.18. Since his big sell, the price of the stock has decreased approximately by a whopping -40%.

USANA Health Sciences Inc. (USNA): CEO Myron W. Wentz Bought 10,000 Shares; Wentz Bought over $4.5M Worth of Stock Since August

CEO of USANA Health Sciences Inc. (USNA), Myron W. Wentz bought 10,000 shares last Tuesday at an average price of $40.98. From his latest purchase, the price of the stock has decreased by -6.42%. Since mid-August, Wentz made a total of 10 BIG BUYS, totaling 118,788 shares, and currently valued over $4.55 million. He made his purchases at a price range of $37.11 to $40.92 per share. Here is a list of his buys: on 9/10, 5,000 shares at $40.92; on 8/29, 5,000 shares at $39.00; on 8/28, 5,000 shares at $38.45; on 8/24, 5,000 shares at $38.00; on 8/21, 5,000 shares at $35.93; on 8/20, 26,000 shares at $37.11; on 8/16, 4,988 shares at $35.97; on 8/15, 28,000 shares at $35.48; on 8/14, 24,800 shares at $34.94.

About: USANA Health Sciences, Inc. engages in the development and manufacture of nutritional and personal care products in the United States. It offers two product lines, USANA Nutritionals and Sense. USANA Health Sciences Inc. has a market cap of $623.72 million; its shares were traded at around $38.35 with P/E ratio of 15.67 and P/S ratio of 1.58.

BIG Insider Buys: President of USNA, Dave Wentz, bought 5,000 shares of USNA stock on first week of August, at the average price of $33.95; since then, the stock has increased by 12.96%.

Insider Sells: E.V.P. of Asia Pacific, Bradford Richardson sold 5,000 shares of USNA stock on in April at $43.5; the price of the stock has decreased by -11.84% since.

Cedar Shopping Centers Inc. (CDR): President and CEO Leo S. Ullman Bought 1,000 Shares

CEO and President of Cedar Shopping Centers Inc. (CDR), Leo S. Ullman bought 1,000 shares last Wednesday, at $12.67. Since June, Ullman made a total of five buys, totaling 10,000 shares at a price per share range of $13.96 to $12.74.

About: Cedar Shopping Centers, Inc., real estate investment trust, engages in the ownership, operation, development and redevelopment of supermarket-anchored community shopping centers and drug store-anchored convenience centers. Cedar Shopping Centers Inc. has a market cap of $549.78 million; its shares were traded at around $12.43 with P/E ratio of 45.53 and P/S ratio of 4.02.

One Guru Reduced Positions in CDR: Kenneth Fisher, who owns 1,213,447 shares as of June, has decreased -2% of his stock from the previous quarter. This position accounts for 0.05% of the $33.9 billion portfolio of Fisher Asset Management, LLC.

Heartland Financial USA Inc. (HTLF): President & CEO Lynn B. Fuller Bought 1,000 Shares

CEO and President of Heartland Financial USA Inc. (HTLF), Lynn B. Fuller bought 1,000 shares last Friday at $19.20; the price of the stock has decreased by -0.36% since his buy.

About: Heartland Financial USA, Inc. operates as a multi-bank holding company, which provides commercial and retail banking services to businesses and individuals in the United States. Heartland Financial USA Inc. has a market cap of $315.24 million; its shares were traded at around $19.13 with P/E ratio of 12.13 and P/S ratio of 2.39.

HTLF CFO Buys: EVP and CFO of HTLF, John K. Schmidt, bought 300 shares in the beginning of August at $18.28 price per share. The price of the stock has increased by 4.65% since his purchase.

Insider Buys totaled a Whopping since May: 1)Director of HTLF, James F. Conlan made six buys, totaling 15,000 shares at a current value of $286,950. Conlan made his purchase at a range of $18.23 to $24.64 price per share. 2) Chief Investment Officer of HTLF, Melvin E. Miller, bought a total of 230 shares in June: 90 shares at $23.32, and140 shares at $23.85. 3) SVP of operations in Retail Banking, Edward H. Everts, bought 150 shares of HTLF stock in August at $18.75. 4). Director Thomas L. Flynn bought 2,000 shares of HTLF stock in May at $23.96.

 

  • CEO Buys, CFO Buys: Stocks that are bought by their CEO/CFOs.
  • Insider Cluster Buys: Stocks that multiple company officers and directors have bought.
  • Double Buys:: Companies that both Gurus and Insiders are buying
  • Triple Buys: Companies that both Gurus and Insiders are buying, and Company is buying back.

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