Highlight of Weekly Top Insider Buys during the new year week: NuStar Energy L.P., Smithfield Foods Inc., CBL & Associates Properties Inc., American Capital Strategies Ltd., and Hormel Foods Corp.
NuStar Energy L.P. (NS, Financial): Director William E. Greehey Bought 87,000 Shares
Nustar Energy L.P. (NS), one of the largest independent oil pipeline & storage company, announced a third quarter profit rise by 45%. The company earned $0.33 a share or $14.1 million compared to $0.23 a share, or $9.7 million from the previous year. S&P credit ratings decreased to a negative when the company agreed to purchase Citgo Asphalt Refining Co. for $450 million.
John Keeley bought 4,092 shares in the quarter ended 09/30/07.
Director of NuStar Energy L.P. (NS) William E. Greehey bought 87,000 shares during the past week at $55.19, which increases his stake in the company by 22%. As of August of 2007: Director Greehey purchased a total of 285,000 shares of NuStar holdings between $55.52 and $65.31; the President and CEO, Director of Nustar, Curt Anastasio, bought a total of 3,000 shares between $56.48 and $65; Director Stan L. Mclelland bought 2,000 shares and Director Jesse D. Bates bought 700 shares between $57.46 and $65.01.
NuStar Energy L.P. has a market cap of $2.6 billion; its shares were traded at around $55.19 with P/E ratio of 18.62 and P/S ratio of 1.98. The dividend yield of NuStar Energy L.P. stocks is 7.1%.
Smithfield Foods Inc. (SFD, Financial): Director Paul J. Fribourg Bought 77,400 Shares
Late-October, Russia banned imports of chicken and pork from Smithfield's processing plants. Without the U.S. meat export to Russia, the price of meat, especially chicken and pork will be priced lower in the U.S. Effectively, meat industry will see a decrease in profits. Over the last half year in 2007, the company sales have increased by 21% to $6.8 billion compared to the latter half of 2006, which was mainly driven by acquisitions and organic sales. Also, company net income during the same time was $71.9 million or $.54 per diluted share, compared to $69.3 million or $.62 per diluted share in the same period in 2006. The company stated that vaccine expenses and rising cost of feed had cut into profits.
While George Soros sold out his holdings in the last third quarter, three gurus NWQ Managers, Arnold Schneider, David Dreman increased their SFD holdings.
Director of SFD, Paul J. Fribourg bought 77,400 shares during the past week at $26.46. As of October, Paul J. Fribourg bought a total of 333,470 shares between $26.80 and $28.48.
Smithfield Foods Inc. has a market cap of $3.66 billion; its shares were traded at around $26.46 with P/E ratio of 19.75 and P/S ratio of 0.27.
CBL & Associates Properties Inc. (CBL, Financial): Director Winston W. Walker Bought 13,500 Shares
CBL & Associates Properties, Inc. (CBL), a commercial real estate investment trust (REIT), plans buy a group of retail and office buildings valued at $540.8 million, with a $459.1 million in loans. The company predicted to generate $0.03 toward the funds from operation for the first year. At the start of 2008, CBL just announced two new positions: Katie Reinsmidt as Director of corporate Communications & Investor Relations; and Dan Summerlin as Director of Corporate Relations.
Chris Davis, who owns 2,676,614 shares, had increased his CBL holding by 10.21% from the previous third quarter.
Director Winston W. Walker bought a total of 40,500 shares since December between $22.10 and $24.84. Also, Sr. VP of Finance Farzana K. Mitchell bought a total of 6,500 shares between $25.20 and $27.50 on 12/18/07.
CBL & Associates Properties Inc. has a market cap of $1.47 billion; its shares were traded at around $22.23 with P/E ratio of 19.14 and P/S ratio of 1.41. The dividend yield of CBL & Associates Properties Inc. stocks is 9.8%.
American Capital Strategies Ltd. (ACAS, Financial): Director John A. Koskinen Bought 5,000 Shares
American Capital Strategies (ACAS), Ltd., a principal investment firm, announced a public offering of 4 million shares priced at $39.43 a share. The company intends the sell to pay-off company debt and fund future investments. ACAS had invested $44.8 million in New Starcom, formerly known as Constar International, which is currently out of business.
Director John A. Koskinen bought his 5,000 shares on 01/07/08 at $32.22. Since August of last year, Chairman, CEO and President, Director Malon Wilkus and Director Kenneth D. Peterson Jr. bought a total of 69,850 shares and 35,000 shares, respectively between $34.84 and $37.88. Insider sells were made between $34.32 and $38. by Senior Vice President Brian Graff, who sold 2,852 shares, and EVP and COO Ira Wagner, who sold 1,931 shares.
American Capital Strategies Ltd. has a market cap of $5.86 billion; its shares were traded at around $31.31 with P/E ratio of 4.12 and P/S ratio of 5.22. The dividend yield of American Capital Strategies Ltd. stocks is 12.9%.
Hormel Foods Corp. (HRL, Financial): Director Ronald D. Pearson Bought 2,500 Shares
Compared to 2006, the international meat manufacturer and marketer, Hormel Foods Corporation (HRL) reported a 2007 yearly income increase by 5.5% to $301.89 million. In November of 2007, the company distributed $15.8 million to its employees, who were part of the annual profit-sharing plan. By the end of this week, FDA is expected to approve the sale of cloned animal products onto the market. Concerned by consumer’s uneasiness to accept cloned animal products, meat and dairy food producers like Hormel and Smithfoods announced that they have no plans to sell meat from cloned animals.
Currently, David Dreman owns 199,900 shares of HRL and Kenneth Fisher owns 25,950 shares.
Director Ronald D. Pearson bought 2,500 shares of HRL stock on 01/03/08 at $39.99.
As of November, a list of insider sells were made between $38.21 and $40.18 by Executive Vice President Ronald W. Fielding, who sold 8,000 shares; Group Vice President Richard A. Bross, who sold 6,451 shares; Vice President Bruce R. Schweitzer, who sold 5,280 shares; Vice President Larry J. Pfeil, who sold 1,610 shares; and finally, Vice President Julie H. Craven, who sold 960 shares.
NuStar Energy L.P. (NS, Financial): Director William E. Greehey Bought 87,000 Shares
Nustar Energy L.P. (NS), one of the largest independent oil pipeline & storage company, announced a third quarter profit rise by 45%. The company earned $0.33 a share or $14.1 million compared to $0.23 a share, or $9.7 million from the previous year. S&P credit ratings decreased to a negative when the company agreed to purchase Citgo Asphalt Refining Co. for $450 million.
John Keeley bought 4,092 shares in the quarter ended 09/30/07.
Director of NuStar Energy L.P. (NS) William E. Greehey bought 87,000 shares during the past week at $55.19, which increases his stake in the company by 22%. As of August of 2007: Director Greehey purchased a total of 285,000 shares of NuStar holdings between $55.52 and $65.31; the President and CEO, Director of Nustar, Curt Anastasio, bought a total of 3,000 shares between $56.48 and $65; Director Stan L. Mclelland bought 2,000 shares and Director Jesse D. Bates bought 700 shares between $57.46 and $65.01.
NuStar Energy L.P. has a market cap of $2.6 billion; its shares were traded at around $55.19 with P/E ratio of 18.62 and P/S ratio of 1.98. The dividend yield of NuStar Energy L.P. stocks is 7.1%.
Smithfield Foods Inc. (SFD, Financial): Director Paul J. Fribourg Bought 77,400 Shares
Late-October, Russia banned imports of chicken and pork from Smithfield's processing plants. Without the U.S. meat export to Russia, the price of meat, especially chicken and pork will be priced lower in the U.S. Effectively, meat industry will see a decrease in profits. Over the last half year in 2007, the company sales have increased by 21% to $6.8 billion compared to the latter half of 2006, which was mainly driven by acquisitions and organic sales. Also, company net income during the same time was $71.9 million or $.54 per diluted share, compared to $69.3 million or $.62 per diluted share in the same period in 2006. The company stated that vaccine expenses and rising cost of feed had cut into profits.
While George Soros sold out his holdings in the last third quarter, three gurus NWQ Managers, Arnold Schneider, David Dreman increased their SFD holdings.
Director of SFD, Paul J. Fribourg bought 77,400 shares during the past week at $26.46. As of October, Paul J. Fribourg bought a total of 333,470 shares between $26.80 and $28.48.
Smithfield Foods Inc. has a market cap of $3.66 billion; its shares were traded at around $26.46 with P/E ratio of 19.75 and P/S ratio of 0.27.
CBL & Associates Properties Inc. (CBL, Financial): Director Winston W. Walker Bought 13,500 Shares
CBL & Associates Properties, Inc. (CBL), a commercial real estate investment trust (REIT), plans buy a group of retail and office buildings valued at $540.8 million, with a $459.1 million in loans. The company predicted to generate $0.03 toward the funds from operation for the first year. At the start of 2008, CBL just announced two new positions: Katie Reinsmidt as Director of corporate Communications & Investor Relations; and Dan Summerlin as Director of Corporate Relations.
Chris Davis, who owns 2,676,614 shares, had increased his CBL holding by 10.21% from the previous third quarter.
Director Winston W. Walker bought a total of 40,500 shares since December between $22.10 and $24.84. Also, Sr. VP of Finance Farzana K. Mitchell bought a total of 6,500 shares between $25.20 and $27.50 on 12/18/07.
CBL & Associates Properties Inc. has a market cap of $1.47 billion; its shares were traded at around $22.23 with P/E ratio of 19.14 and P/S ratio of 1.41. The dividend yield of CBL & Associates Properties Inc. stocks is 9.8%.
American Capital Strategies Ltd. (ACAS, Financial): Director John A. Koskinen Bought 5,000 Shares
American Capital Strategies (ACAS), Ltd., a principal investment firm, announced a public offering of 4 million shares priced at $39.43 a share. The company intends the sell to pay-off company debt and fund future investments. ACAS had invested $44.8 million in New Starcom, formerly known as Constar International, which is currently out of business.
Director John A. Koskinen bought his 5,000 shares on 01/07/08 at $32.22. Since August of last year, Chairman, CEO and President, Director Malon Wilkus and Director Kenneth D. Peterson Jr. bought a total of 69,850 shares and 35,000 shares, respectively between $34.84 and $37.88. Insider sells were made between $34.32 and $38. by Senior Vice President Brian Graff, who sold 2,852 shares, and EVP and COO Ira Wagner, who sold 1,931 shares.
American Capital Strategies Ltd. has a market cap of $5.86 billion; its shares were traded at around $31.31 with P/E ratio of 4.12 and P/S ratio of 5.22. The dividend yield of American Capital Strategies Ltd. stocks is 12.9%.
Hormel Foods Corp. (HRL, Financial): Director Ronald D. Pearson Bought 2,500 Shares
Compared to 2006, the international meat manufacturer and marketer, Hormel Foods Corporation (HRL) reported a 2007 yearly income increase by 5.5% to $301.89 million. In November of 2007, the company distributed $15.8 million to its employees, who were part of the annual profit-sharing plan. By the end of this week, FDA is expected to approve the sale of cloned animal products onto the market. Concerned by consumer’s uneasiness to accept cloned animal products, meat and dairy food producers like Hormel and Smithfoods announced that they have no plans to sell meat from cloned animals.
Currently, David Dreman owns 199,900 shares of HRL and Kenneth Fisher owns 25,950 shares.
Director Ronald D. Pearson bought 2,500 shares of HRL stock on 01/03/08 at $39.99.
As of November, a list of insider sells were made between $38.21 and $40.18 by Executive Vice President Ronald W. Fielding, who sold 8,000 shares; Group Vice President Richard A. Bross, who sold 6,451 shares; Vice President Bruce R. Schweitzer, who sold 5,280 shares; Vice President Larry J. Pfeil, who sold 1,610 shares; and finally, Vice President Julie H. Craven, who sold 960 shares.
