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Weekly Top CEO Buys: MannKind Corp., Flanders Corp., Maguire Properties Inc., and Pier 1 Imports Inc.

October 08, 2007 | About:

We have seen very active CEO buying over the past week. These are the top CEO Buys. Related companies: MannKind Corp. (MNKD), Flanders Corp. (FLDR), Maguire Properties Inc. (MPG), and Pier 1 Imports Inc. (PIR)

Chairman & CEO of MannKind Corp. (MNKD) Alfred E. Mann Bought 15,940,489 Shares

Chairman & CEO of MannKind Corp. (MNKD), Alfred E. Mann, bought 15,940,489 shares on 10/02 at $9.41. The price of the stock has increased dramatically by 18.92% since his large purchase. Also on 06/06, Mann bought another 25,000 shares at $10.29; the price of the stock has increased by 8.75% since.

About: MannKind Corporation, a development stage company, engages in the discovery, development, and commercialization of therapeutic products for the treatment of diabetes and cancer. MannKind Corp. has a market cap of $873.89 million; its shares were traded at around $11.19.

One Guru Initiated His Position in MNKD: George Soros bought 13,493 shares in the quarter ended 06/30, which is 0.01% of the $3.15 billion portfolio of Soros Fund Management LLC.

One Guru Increased Positions in MNKD: Bill Miller owns 7,700,000 shares as of 06/30, an increase of 12.54% of from the previous quarter. This position accounts for 1.1% of the $20.59 billion portfolio of Legg Mason Value Trust.

CFO Sells: VICE PRESIDENT & CFO, Richard L. Anderson, sold 83,333 shares of MNKD stock on 10/01 at $9.45; the price of the stock has increased by 18.41% since.

Insider Sells: Since April of ’07, David Thomson has sold a cumulative total of 10,280 shares of MNKD stock at a price range of $12.80 to $14.87; the stock has decreased by a range of -12.37% to -24.75% since his sell.

Flanders Corp. (FLDR): CEO Robert R. Amerson Bought 780,655 Shares; COO Harry Smith Jr. Bought 755,183 Shares

CEO of Flanders Corp. (FLDR), Robert R. Amerson, bought 780,655 shares on 10/03 at $4.60; the price of the stock has increased by 4.57% since.

About: Flanders Corporation engages in the design, manufacture, and marketing of air filters and related products. Its products include residential heating and air conditioning filters, residential air cleaners, industrial specialty filters, and commercial office filters. Flanders Corp. has a market cap of $132.32 million; its shares were traded at around $4.81 with P/S ratio of 0.51.

One Guru Increased His Position in FLDR: Robert Olstein owns 110,000 shares as of 06/30, an increase of 305.9% of from the previous quarter. This position accounts for 0.04% of the $1.92 billion portfolio of Olstein Financial Alert Fund.

Big Insider Buy: COO of FLDR, Harry Leo Smith Jr. bought 755,183 shares on 10/03 at $4.60; the price of the stock has increased by 4.57% since.

Maguire Properties Inc. (MPG): Chairman & CEO Robert F. Maguire III Bought 194,000 Shares

Chairman & CEO, Robert F. Maguire III, bought 194,000 shares of MPG stock on 10/01 at $26.89; the price of the stock has increased by 3.31% since.

About: Maguire Properties, Inc., a real estate investment trust (REIT), engages in the ownership, management, acquisition, and development of office and real estate properties primarily in California. Maguire Properties Inc. has a market cap of $1.32 billion; its shares were traded at around $27.78 with P/S ratio of 2.76.

One Guru Increased His Position in MPG: Arnold Schneider owns 467,425 shares as of 06/30, an increase of 58.25% of from the previous quarter. This position accounts for 0.37% of the $4.37 billion portfolio of Schneider Capital Management.

Several Insider Buys: 1) Senior Vice President Peggy Moretti bought 500 shares on 09/28 at $25.37. 2) Director Lawrence S. Kaplan bought 2,000 shares on 09/11 at 23.71. 3) SVICE PRESIDENT of General Counsel Jonathan Abrams bought 750 shares of MPG stock on 08/21 at $26.12. 4) SVICE PRESIDENT, Leasing Peter K. Johnston bought 1,890 shares of MPG stock on 08/20 at $26.37. 5) Director Walter L. Weisman bought 2,500 shares of MPG stock on 08/17 at $26.32.

Pier 1 Imports Inc. (PIR): President & CEO Alex Smith Bought 35,000 Shares

President & CEO of Pier 1 Imports Inc. (PIR), Alex Smith, bought 35,000 shares on 10/04 at $5.99. On 09/28, A. Smith bought another 40,000 shares at $4.88; the price of the stock has increased by a whopping 22.54% since.

About: Pier 1 Imports, Inc. operates as a specialty retailer of furniture, decorative home furnishings, dining and kitchen goods, bath and bedding accessories, and specialty items in the United States and Canada. Pier 1 Imports Inc. has a market cap of $542.89 million; its shares were traded at around $5.98 with P/S ratio of 0.34.

One Guru Initiated His Position in PIR: George Soros bought 37,339 shares in the quarter ended 06/30, which is 0.01% of the $3.15 billion portfolio of Soros Fund Management LLC.

One Guru Reduced His Position in PIR: Charles Brandes owns 4,088,657 shares as of 06/30, a decrease of -6.28% of from the previous quarter. This position accounts for 0.06% of the $58.32 billion portfolio of Brandes Investment.

Warren Buffett sold out his holdings in the last quarter, 06/30.

Insider Buys: 1) Director Robert B. Holland III bought 15,000 shares of PIR stock on 10/01 at $4.77. 2) Director Tom M. Thomas bought 50,000 shares of PIR stock on 09/28 at $4.72. Since their purchase the price of the stock has increased by a massive 25.37% and 26.69%.

 

  • 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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