Weekly CFO Buys Highlight: LNCR, CETV, MTG, MWA

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Aug 29, 2011
According to GuruFocus Insider Data, the largest CFO buys during the past week were Lincare Holdings Inc., Central European Media Enterprises Ltd., MGIC Investment Corp., and Mueller Water Products.


Lincare Holdings Inc. (LNCR, Financial): CFO Paul G. Gabos Bought 25,000 Shares


CFO of Lincare Holdings Inc. (LNCR) Paul G. Gabos bought 25,000 shares on 08/22/2011 at an average price of $20.22. Lincare Holdings Inc. is one of the nation's largest providers of oxygen and other respiratory therapy services to patients in the home. Lincare Holdings Inc. has a market cap of $2.05 billion; its shares were traded at around $20.7 with a P/E ratio of 11.5 and P/S ratio of 1.2. The dividend yield of Lincare Holdings Inc. stocks is 3.7%. Lincare Holdings Inc. had an annual average earnings growth of 8% over the past 10 years. GuruFocus rated Lincare Holdings Inc. the business predictability rank of 4.5-star.


Lincare Holdings Inc. announced financial results for the three and six months ended June 30, 2011. For the quarter ended June 30, 2011, net revenues were $449.0 million, a 7.3% increase over net revenues of $418.4 million for the second quarter of 2010. Net income for the quarter ended June 30, 2011, was $42.8 million, a 7.9% decrease compared with net income of $46.4 million for the second quarter of 2010.


CFO Paul G. Gabos bought shares of LNCR stock.


Director Stuart H. Altman, Director Frank D. Byrne, and Director William F. Miller III bought shares of LNCR stock.


Central European Media Enterprises Ltd. (CETV, Financial): CFO David J. Sach Bought 20,000 Shares


CFO of Central European Media Enterprises Ltd. (CETV) David J. Sach bought 20,000 shares on 08/19/2011 at an average price of $12. Central European Media Enterprises Ltd. Is involved in the media and advertising industry. Central European Media Enterprises Ltd. has a market cap of $837.3 million; its shares were traded at around $12.2 with and P/S ratio of 1.1.


Central European Media Enterprises Ltd. announced financial results for the three months and six months ended June 30, 2011. Net revenues for the second quarter of 2011 increased $47.9 million to $249.7 million compared to the second quarter of 2010. Net income from continuing operations for the quarter improved to US$ 0.8 million compared to a loss of $(52.9) million for the second quarter of 2010.


President and CEO Adrian Sarbu and Vice President Corporate Finance Mark Wyllie sold shares of CETV stock.


CFO David J. Sach bought shares of CETV stock.


MGIC Investment Corp. (MTG, Financial): Executive Vice President and CFO Jon Michael Lauer Bought 20,000 Shares


Executive Vice President and CFO of MGIC Investment Corp. (MTG) Jon Michael Lauer bought 20,000 shares on 08/26/2011 at an average price of $2.34. MGIC Investment Corporation 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 $565.2 million; its shares were traded at around $2.46 with and P/S ratio of 0.4.


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 MTG stock.


Mueller Water Products (MWA, Financial): Senior Vice President and CFO Evan Hart Bought 15,000 Shares


Senior Vice President and CFO of Mueller Water Products (MWA) Evan Hart bought 15,000 shares on 08/25/2011 at an average price of $2.12. Mueller Water Products Inc. manufactures and markets products and services that are used in the transmission and distribution of safe, clean drinking water and in water treatment facilities. Mueller Water Products has a market cap of $367.3 million; its shares were traded at around $2.2 with and P/S ratio of 0.3. The dividend yield of Mueller Water Products stocks is 2.9%.


Senior Vice President and CFO Evan Hart, Senior Vice President Marietta Edmunds Zakas, and Vice President and Controller Kevin Mchugh bought shares of MWA stock.


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