Top Insider Buys: BRK.A, PB, CBK

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Dec 24, 2012
According to GuruFocus Insider Data, these are the largest insider buys during the past week: Berkshire Hathaway Inc. (BRK.A, Financial), President Bakery Public Company Limited (PB, Financial) and Christopher & Banks Corporation (CBK, Financial).

The overall trend of insiders is illustrated in the chart below:



Berkshire Hathaway Inc. (BRK.A): Director Ronald L. Olson Bought 2,500 Shares

Director of Berkshire Hathaway Inc., Ronald L. Olson, bought 2,500 shares on 12/18/2012 at an average price of $134,900. Berkshire Hathaway Inc. is domiciled in the state of Delaware. Berkshire Hathaway Inc. has a market cap of $223.64 billion; its shares were traded at around $134,900 with a P/E ratio of 16.3 and P/S ratio of 2. Berkshire Hathaway Inc. had an annual average earnings growth of 10.4% over the past ten years. GuruFocus rated Berkshire Hathaway Inc. the business predictability rank of 2-star.

On Nov. 2, Berkshire Hathaway Inc. reported results for the third quarter of 2012. Operating earnings were $3.4 billion compared to $3.8 billion in the third quarter of 2011. Net earnings attributable to Berkshire shareholders were $3.92 compared to $2.278.

President Bakery Public Company Limited (PB): Director Ned S. Holmes Bought 2,000 Shares

Director of President Bakery Public Company Limited, Ned S. Holmes, bought 2,000 shares on 12/18/2012 at an average price of $56. Prosperity Bancshares Inc. is a Texas corporation, was formed in 1983 as a vehicle to acquire the former Allied Bank in Edna, Texas which was chartered in 1949 as The First National Bank of Edna and is now known as Prosperity Bank. Prosperity Bancshares Inc. has a market cap of $2.43 billion; its shares were traded at around $42.59 with a P/E ratio of 13.1 and P/S ratio of 5.4. The dividend yield of Prosperity Bancshares Inc. stocks is 1.9%. Prosperity Bancshares Inc. had an annual average earnings growth of 10% over the past 10 years. GuruFocus rated Prosperity Bancshares Inc. the business predictability rank of 4.5-star.

Last week, Director Ned S Holmes bought 2,000 shares of PB stock. Director Harrison Stafford II sold 4,000 shares in September.

Christopher & Banks Corporation (CBK): Chair, Board of Directors Paul L. Snyder Bought 5,100 Shares

Chair, Board of Directors of Christopher & Banks Corporation, Paul L. Snyder, bought 5,100 shares on 12/14/2012 at an average price of $1.44. Christopher & Banks Corporation is a Delaware Corporation, incorporated in 1986 to acquire Braun's Fashions Inc. Christopher & Banks Corporation has a market cap of $183.44 million; its shares were traded around $4.95 with and P/S ratio of 0.4.

On Nov. 29, Christopher & Banks Corporation reported results for the 13 and 39-week periods ended Oct.27, 2012. For the third quarter of fiscal 2012, the company reported net sales of $117.3 million, operating income of $3.6 million and net income of $0.10 per diluted share, the first comparable period quarterly profit in ten quarters. Net income for the quarter totaled $3.6 million, or $0.10 per diluted share. Net loss for the 13 weeks ended Oct. 29, 2011 totaled $13.7 million, or $0.39 per share.

This month, Chair Board of Directors Paul L. Snyder, Director Lisa W. Wardell and Director Anne L. Jones bought shares of CBK stock. Director William F. Sharpe III bought 10,000 shares in September.

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