Weekly CEO Buys Highlight: BBY, WTI, PULS, ESSX, DDMG

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May 27, 2012
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:


Best Buy (BBY, Financial): CEO - Interim George Lawrence Mikan Iii Bought 100,000 Shares


CEO - Interim of Best Buy (BBY) George Lawrence Mikan Iii bought 100,000 shares on 05/23/2012 at an average price of $19.16. Best Buy operates in a single business segment, selling personal computers and other home office products, consumer electronics, entertainment software, major appliances and related accessories principally through its retail stores. Best Buy has a market cap of $6.17 billion; its shares were traded at around $19.16 with a P/E ratio of 4.8 and P/S ratio of 0.1. The dividend yield of Best Buy stocks is 3.6%. Best Buy had an annual average earnings growth of 14.1% over the past 10 years. GuruFocus rated Best Buy the business predictability rank of 4.5-star.


Bill Nygren owns 3,590,000 shares as of 12/31/2011, an increase of 24.22% from the previous quarter. This position accounts for 1.8% of the $4.77 billion portfolio of Oak Mark Fund. Ray Dalio owns 273,125 shares as of 03/31/2012, a decrease of 29.08% of from the previous quarter. This position accounts for 0.1% of the $6.43 billion portfolio of Bridgewater Associates. Leon Cooperman sold out his holdings in the quarter that ended on 03/31/2012.


Director Lisa Caputo bought 402 shares of BBY stock on 01/03/2012 at the average price of 23.66. Lisa Caputo owns at least 8,824 shares after this. The price of the stock has decreased by 19.02% since.


W&T Offshore (WTI, Financial): Chairman & CEO, 10% Owner Tracy W Krohn Bought 100,000 Shares


Chairman & CEO, 10% Owner of W&T Offshore (WTI) Tracy W Krohn bought 100,000 shares during the past week at an average price of $15.62. W&T Offshore is an independent oil and natural gas company focused primarily in the Gulf of Mexico area, including the deep water. W&t Offshore has a market cap of $1.13 billion; its shares were traded at around $15.62 with a P/E ratio of 6.4 and P/S ratio of 1.2. The dividend yield of W&t Offshore stocks is 2.1%.


WTI recently reported its first quarter 2012 financial results. Revenues increased from the corresponding quarter in 2011 by $25.0 million to $235.9 million for the first quarter on higher realized oil prices and increased production volumes for all of the company’s products.


David Dreman owns 1,635,479 shares as of 03/31/2012, which accounts for 0.72% of the $4.79 billion portfolio of Dreman Value Management.


Director Stuart B Katz bought 5,000 shares of WTI stock on 05/17/2012 at the average price of 15.19. Stuart B Katz owns at least 26,177 shares after this. The price of the stock has increased by 2.83% since. Other insiders have also increased their positions in the company.


Pulse Electronc (PULS, Financial): Chairman, President and CEO Ralph E Faison Bought 329,236 Shares


Chairman, President and CEO of Pulse Electronc (PULS) Ralph E Faison bought 329,236 shares during the past week at an average price of $2.08. Pulse Electronics Corporation, formerly known as Technitrol, Inc, is an electronic components provider producing precision-engineered electronic components and modules. Pulse Electronc has a market cap of $75.4 million; its shares were traded at around $2.08 with and P/S ratio of 0.2. The dividend yield of Pulse Electronc stocks is 2.8%.


PULS recently reported its first quarter 2011 results. Net sales were $94.1 million, up 6.9 percent from $88.0 million in the prior-year quarter, and up 4.0 percent from $90.5 million in the fourth quarter.


Arnold Schneider owns 823,887 shares as of 03/31/2012, which accounts for 0.17% of the $1.23 billion portfolio of Schneider Capital Management. Mario Gabelli owns 53,000 shares as of 03/31/2012, which accounts for less than 0.01% of the $13.95 billion portfolio of GAMCO Investors.


Director Steven G Crane bought 20,000 shares of PULS stock on 03/19/2012 at the average price of 2.63. Steven G Crane owns at least 27,619 shares after this. The price of the stock has decreased by 20.91% since.


Essex Rental (ESSX, Financial): CEO & President Ronald Schad Bought 172,000 Shares


CEO & President of Essex Rental (ESSX) Ronald Schad bought 172,000 shares on 05/18/2012 at an average price of $3.42. Essex Rental Corp., formerly Hyde Park Acquisition Corp. Essex Rental has a market cap of $77.5 million; its shares were traded at around $3.42 with and P/S ratio of 0.9.


ESSX recently reported its first quarter 2012 results. Gross profit increased $0.1 million to $3.4 million for the quarter ended March 31, 2012 from $3.3 million the quarter ended March 31, 2011.


10% Owner David M Knott sold 244,000 shares of ESSX stock on 05/18/2012 at the average price of 2.95. David M Knott owns at least 2,354,766 shares after this. The price of the stock has increased by 15.93% since.


Digital Domain (DDMG, Financial): CEO, 10% Owner John C Textor Bought 63,000 Shares


CEO, 10% Owner of Digital Domain (DDMG) John C Textor bought 63,000 shares during the past week at an average price of $7.36. Digital Domain Media Group, Inc. is a digital production company engaged in providing computer-generated animation and digital visual effects for major motion picture studios and advertisers in the United States. Digital Domain has a market cap of $242.1 million; its shares were traded at around $7.36 with and P/S ratio of 2.5.


DDMG recently announced its first quarter 2011 financial results. The company reported revenue of$31.1 million and a GAAP net loss attributable to common stockholders of $14.8 million, or $0.37 per basic share, for the first quarter ended March 31, 2012.