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Weekly CEO Buys Highlight: BH, TRCR, SHOR, IEC, UNIS

February 10, 2012 | About:
GuruFocus

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According to GuruFocus Insider Data, these are the largest CEO buys during the past week. The overall trend of CEOs is illustrated in the chart below:

Biglari Holdings (BH): Chairman and CEO, 10% Owner Sardar Biglari, Bought 3,000 Shares

Chairman and CEO, 10% Owner of Biglari Holdings (BH) Sardar Biglari, bought 3,000 shares on 02/02/2012 at an average price of $407.8. Biglari Holdings Inc., formerly known as The Steak n Shake Company, is engaged primarily in the ownership, operation, and franchising of restaurants in the United States. Biglari Holdings has a market cap of $585.6 million; its shares were traded at around $407.8 with a P/E ratio of 17.6 and P/S ratio of 0.8. Biglari Holdings had an annual average earnings growth of 2.6% over the past 5 years.

Biglari Holdings recently reported its fiscal first quarter 2012 results. The company announced that its net sales for the quarter were $161.5 million, compared to $153 million in the first quarter of fiscal 2011.

Joel Greenblatt owns 2,028 shares as of 09/30/2011, an increase of 68.86% from the previous quarter. This position accounts for 0.0979% of the $614 million portfolio of Gotham Capital. Whitney Tilson owns 4,010 shares as of 09/30/2011, an increase of 13.86% from the previous quarter. This position accounts for 0.4341% of the $274 million portfolio of T2 Partners Management, LP.

See Footnote 1 Philip L Cooley bought 200 shares of BH stock on 09/13/2011 at the average price of 295.41. Philip L Cooley owns at least 4,752 shares after this. The price of the stock has increased by 38.05% since.

Transcend Services Inc. (TRCR): President & CEO Larry G Gerdes Bought 5,000 Shares

President & CEO of Transcend Services Inc. (TRCR) Larry G Gerdes bought 5,000 shares on 02/03/2012 at an average price of $21.01. Transcend Services, Inc. believes that accurate, reliable and timely transcription creates the foundation for the patient medical record. Transcend Services Inc. has a market cap of $236.2 million; its shares were traded at around $21.01 with a P/E ratio of 17.4 and P/S ratio of 1.9.

Joel Greenblatt bought 12,453 shares in the quarter that ended on 09/30/2011, which is 0.0458% of the $614 million portfolio of Gotham Capital.

President & CEO Larry G Gerdes bought 5,000 shares of TRCR stock on 02/03/2012 at the average price of 21.58. Larry G Gerdes owns at least 454,195 shares after this. The price of the stock has decreased by 2.64% since.

ShoreTel Inc. (SHOR): CEO Peter Blackmore Bought 17,200 Shares

CEO of ShoreTel Inc. (SHOR) Peter Blackmore bought 17,200 shares on 02/07/2012 at an average price of $5.74. ShoreTel is a provider of enterprise IP telephony solutions. Shoretel Inc. has a market cap of $278.5 million; its shares were traded at around $5.74 with and P/S ratio of 1.4.

For the second quarter of fiscal year 2012, revenue was $58.0 million, up 8 percent sequentially from the first quarter of fiscal 2012 and up 22 percent from the second quarter of fiscal year 2011. The GAAP net loss for the quarter was $(2.5) million, or $(0.05) per share, compared with a GAAP net loss of $(3.7) million, or $(0.08) per share, for the second quarter of fiscal year 2011.

Director Gary James Daichendt bought 91,900 shares of SHOR stock on 02/06/2012 at the average price of 5.47. Gary James Daichendt owns at least 287,327 shares after this. The price of the stock has increased by 4.94% since.

IEC Electronics Corp. (IEC): Chairman of the Board & CEO W Barry Gilbert Bought 16,615 Shares

Chairman of the Board & CEO of IEC Electronics Corp. (IEC) W Barry Gilbert bought 16,615 shares on 02/01/2012 at an average price of $4.95. IEC Electronics Corp. is a full service, ISO 9001 and 9002 certified, contract manufacturer employing state-of-the-art production utilizing both surface mount and pin-through-hole technology. Iec Electronics Corp. has a market cap of $53.7 million; its shares were traded at around $4.95 with a P/E ratio of 8.8 and P/S ratio of 0.4. Iec Electronics Corp. had an annual average earnings growth of 70% over the past 5 years.

IEC recently reported its results for the first quarter of fiscal 2012. The company reported revenue of $33.8 million for the quarter, operating income of $954 thousand and net income of $948 thousand or $0.09 per diluted share. This compares to revenue in the prior year first quarter of $28.6 million, operating income of $1.96 million and net income of $1.05 million or $0.11 per diluted share.

VP and CFO Susan E. Topel-samek bought 10,000 shares of IEC stock on 08/22/2011 at the average price of 5.08. Susan E. Topel-samek owns at least 10,000 shares after this. The price of the stock has decreased by 2.56% since. Other insiders have also increased their positions in the company.

Unilife Corp. (UNIS): CEO Alan Shortall Bought 10,000 Shares

CEO of Unilife Corp. (UNIS) Alan Shortall bought 10,000 shares on 02/01/2012 at an average price of $3.655. Unilife Corporation is a medical device company based in U. Unilife Corp. has a market cap of $280.7 million; its shares were traded at around $3.655 with and P/S ratio of 42.2.

UNIS recently reported its third quarter 2011 results. Revenues for the three months ended September 30, 2011, were $2.1 million compared to $3.5 million for the same period in 2010.

See Remarks J. Christopher Naftzger bought 2,000 shares of UNIS stock on 11/22/2011 at the average price of 3.96. J. Christopher Naftzger owns at least 41,940 shares after this. The price of the stock has decreased by 7.7% since.

  • 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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