Weekly CFO Buys Highlight: CCRT, BYD, FARM, TLB

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Sep 26, 2011
According to GuruFocus Insider Data, the largest CFO buys during the past week CompuCredit Holdings Corp., Boyd Gaming Corp., Farmer Brothers Company and Talbots Inc.


CompuCredit Holdings Corp. (CCRT, Financial): CFO J. Paul Whitehead III Bought 18,793 Shares


CFO of CompuCredit Holdings Corp. (CCRT) J. Paul Whitehead III bought 18,793 shares during the past week at an average price of $2.70. CompuCredit Holdings Corp, formerly CompuCredit Corporation, is a provider of various credit and related financial services and products to or associated with the financially underserved consumer credit market. Compucredit Holdings Corp. has a market cap of $64.4 million; its shares were traded at around $2.865 with and P/S ratio of 0.2.


CFO J. Paul Whitehead III bought shares of CCRT stock.


10% Owner Curve Capital LLC Second sold shares of CCRT stock.


Boyd Gaming Corp. (BYD, Financial): Senior Vice President, Treasurer and CFO Josh Hirsberg Bought 10,000 Shares


Senior Vice President, Treasurer and CFO of Boyd Gaming Corp. (BYD) Josh Hirsberg bought 10,000 shares on Sept. 14, 2011 at an average price of $5.68. Boyd Gaming Corp. is a multi-jurisdictional gaming company which currently owns or operates ten casino entertainment facilities, is in the process of constructing its eleventh property and acquiring its twelfth property, and recently acquired land upon which it intends to construct its thirteenth property. Boyd Gaming Corp. has a market cap of $446.1 million; its shares were traded at around $5.17 with and P/S ratio of 0.2.


Boyd Gaming Corporation reported financial results for the second quarter ended June 30, 2011. Net revenues were $574.4 million for the second quarter 2011, a decrease of less than 1% from the same quarter in 2010. For the second quarter 2011, the company reported a net loss of $3.0 million, or $0.03 per share, compared to net income of $3.4 million, or $0.04 per share, in the same period last year.


Senior Vice President, Treasurer and CFO Josh Hirsberg bought shares of BYD stock.


Executive Vice President, 10% Owner Marianne Boyd Johnson sold shares of BYD stock.


Farmer Brothers Company (FARM, Financial): Treasurer and CFO Jeffrey A. Wahba Bought 10,000 Shares


Treasurer and CFO of Farmer Brothers Company (FARM) Jeffrey A. Wahba bought 10,000 shares on Sept. 16, 2011 at an average price of $4.99. Farmer Bros. Co. is in the business of roasting, packaging and distributing coffee and allied products to restaurants, hotels, hospitals, convenience stores and fast food outlets. Farmer Brothers Company has a market cap of $81 million; its shares were traded at around $5 with and P/S ratio of 0.2. Farmer Brothers Company had an annual average earnings growth of 52.8% over the past five years.


Farmer Bros. Co. reported a net loss of $22.3 million, or $1.47 per share, for its fiscal fourth quarter ended June 30, 2011, compared with a net loss of $21.0 million, or $1.40 per share, for its prior year fiscal fourth quarter. Net sales for fiscal 2011 increased $13.6 million, or 3%, to $463.9 million from $450.3 million in the prior fiscal year.


Interim Co-CEO Patrick G. Criteser, Treasurer and CFO Jeffrey A. Wahba, and Director Martin Andrew Lynch bought shares of FARM stock.


Talbots Inc. (TLB, Financial): COO, CFO and Treasurer Michael Scarpa Bought 10,000 Shares


COO, CFO and Treasurer of Talbots Inc. (TLB) Michael Scarpa bought 10,000 shares on Sept. 20, 2011 at an average price of $3.08. Talbots is a specialty retailer and cataloger of women's classic apparel. Talbots Inc. has a market cap of $184.4 million; its shares were traded at around $2.61 with and P/S ratio of 0.2.


President and CEO Trudy F. Sullivan, COO, CFO and Treasurer Michael Scarpa, and Director Marjorie L. Bowen bought shares of TLB stock.


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