Weekly CFO Buys Highlight: REED, BKSC, EMMS, ESL, YORW

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Oct 22, 2012
According to GuruFocus Insider Data, these are the largest CFO buys during the past week. The overall trend of CFOs is illustrated in the chart below:



Reed's Inc. (REED, Financial): CFO James Linesch Bought 62,338 Shares

CFO of Reed's Inc. (REED) James Linesch bought 62,338 shares on 10/11/2012 at an average price of $7.7. Reed's Inc. develops, manufactures, and markets top selling sodas in natural foods markets and will is currently expanding its innovative, all natural, non-alcoholic beverages, candies and ice creams into the mainstream markets. Reed's Inc. has a market cap of $89.79 million; its shares were traded at around $7.97 with and P/S ratio of 3.59.

Reed's Inc. announced its revenues for its second quarter ended June 30, 2012, and its earnings release date of 08/13/12. Revenues for the second quarter of 2012 increased 27% to $7.8 million. Year to date revenues were $14.4 million, an increase of 27% from 2011.

CFO James Linesch and COO Thierry R. Foucaut bought shares of REED stock.

Bank of SC Corporation (BKSC, Financial): Executive Vice President, CFO and Treasurer Sheryl G. Sharry Bought 2,000 Shares

Executive Vice President, CFO and Treasurer of Bank of SC Corporation (BKSC) Sheryl G. Sharry bought 2,000 shares on 10/15/2012 at an average price of $11.45. Bank of South Carolina Corp. is a one-bank holding company engaged, through its subsidiary, in general banking business. Bank of SC Corp. has a market cap of $52.91 million; its shares were traded at around $11.9 with a P/E ratio of 15.06 and P/S ratio of 3.77. The dividend yield of Bank of SC Corp. stocks is 3.7%. Bank of SC Corp. had an annual average earnings growth of 1.8% over the past 10 years.

The Bank of SC Corp. announced earnings of $2,674,655 or $0.60 per share, for the nine months ended Sept. 30, 2012 – an increase of 13.60% from earnings for the nine months ended Sept. 30, 2011 of $2,354,377 or $.52 per share. Earnings for the quarter ended Sept. 30, 2012 decreased $43,311 or 4.62% to $893,662 compared to $936,973 for the quarter ended Sept. 30, 2011.

Executive Vice President, CFO and Treasurer Sheryl G. Sharry, Director Katherine M. Huger and Director David R. Schools bought shares of BKSC stock.

Emmis Communications Corp. (EMMS, Financial): Executive Vice President, COO and CFO Patrick M. Walsh Bought 2,000 Shares

Executive Vice President, COO and CFO of Emmis Communications Corp. (EMMS) Patrick M Walsh bought 2,000 shares on 10/15/2012 at an average price of $2. Emmis Communications Corp. is a diversified media company with radio broadcasting and magazine publishing operations and pending approval from the FCC, television broadcasting operations. Emmis Communications Corp. has a market cap of $79.89 million; its shares were traded at around $2.05 with and P/S ratio of 0.34.

Executive Vice President, COO and CFO Patrick M. Walsh, Member of 10% 13(d) group Jeffrey H. Smulyan, and Member of 10% owner 13d group HSJS LLC, bought shares of EMMS stock.

Esterline Technologies Corp. (ESL, Financial): Vice President and CFO Robert David George Bought 1,500 Shares

Vice President and CFO of Esterline Technologies Corp. (ESL) Robert David George bought 1,500 shares on 10/12/2012 at an average price of $56.28. Esterline Technologies Corporation is a specialized engineering and manufacturing company principally serving aerospace and defense markets. Esterline Technologies Corp. has a market cap of $1.82 billion; its shares were traded at around $58.91 with a P/E ratio of 13.55 and P/S ratio of 1.06. Esterline Technologies Corp. had an annual average earnings growth of 13.3% over the past 10 years. GuruFocus rated Esterline Technologies Corp. the business predictability rank of 4.5-star.

Esterline Corp. reported third quarter 2012 (ended July 27) earnings from continuing operations of $35.1 million, or $1.12 per diluted share (EPS), on sales of $485.9 million, prior to a previously announced $52.2 million, or $1.69 per diluted share, non-cash charge against goodwill for its UK-based Racal Acoustics defense business. This compared with year-ago income from continuing operations of $37.7 million, or $1.21 per diluted share, on sales of $409.5 million.

Vice President and CFO Robert David George, Director Delores M. Etter and General Counsel and Vice President Administrator Marcia J. Mason bought shares of ESL stock.

The York Water Company (YORW, Financial): CFO Kathleen M. Miller Bought 188 Shares

CFO of The York Water Company (YORW) Kathleen M. Miller bought 188 shares on 10/16/2012 at an average price of $17.59. The York Water Company impounds, purifies and distributes water. The York Water Company has a market cap of $224.63 million; its shares were traded at around $17.47 with a P/E ratio of 26.07 and P/S ratio of 5.53. The dividend yield of The York Water Company stocks is 3.06%. The York Water Company had an annual average earnings growth of 6.7% over the past 10 years. GuruFocus rated The York Water Company the business predictability rank of 5-star.

The York Water Company reported that second quarter operating revenues of $10,352,000 decreased $100,000 and net income of $2,204,000 decreased $254,000 compared to the second quarter of 2011. Earnings per share of $0.17 for the three-month period decreased $0.02 compared to the same period last year.

President and CEO Jeffrey R. Hines, CEO Joseph Thomas Hand and CFO Kathleen M. Miller bought shares of YORW stock.

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