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Weekly Top Insider Buys: CNET Networks Inc., Capitol Federal Financial, KB Home, The Men's Wearhouse Inc.

January 20, 2008 | About:
10qk

Weekly Top Insider Buys: Related Companies: CNET Networks Inc. (CNET), Capitol Federal Financial (CFFN), KB Home (KBH), The Men's Wearhouse Inc. (MW).

CNET Networks Inc. (CNET): Partners LLC Jana Bought 2,092,449 Shares

The online media company, CNET Networks, Inc. (CNET), made seven business acquisitions for $27.4 million in 2007. The company reported that their third quarter loss in 2007 had increased due to $19 million in impairment charges; they lost $16.6 million or $0.11 a share compared to $2.3 million or $0.02 in 2006. CNET recently sold its $70 million photo sharing website, Webshots, as a loss to American Greetings for $45 million.

George Soros initiated CNET holdings and bought 11,191 shares in the last third quarter.

The current 10% Owner Partners Llc Jana bought 2,317,212 shares of CNET stock on 01/14/08 at $8.84; also, in 01/10/08, Partners Jana LLC bought another 2,092,449 more shares at $8.42. Asset Management Corp Sandell—13D Group Members who own more than 10%, bought 1,970,000 shares on 01/10/08 at $8.37.

CNET Networks Inc. has a market cap of $1.31 billion; its shares were traded at around $8.45 with P/S ratio of 3.16.

Capitol Federal Financial (CFFN): Executive Vice President Morris J. Huey II Bought 8,000 Shares

Capitol Federal Financial (CFFN), a Kansas regional savings bank, announced their fourth quarter earnings to drop by 33%. For the fiscal year ended on 09/30/07, company’s profits lowered to $32.3 million or $0.44 a share from $48.1 million or $0.66 in 2006. Net income from interest in mortgage backed securities also dropped by 16.2% to $106.4 million.

Executive Vice President Morris J. Huey II bought 8,000 shares of CFFN stock on 01/09/08 at $29.40. Two sells were made by Director B. B. Andersen, who sold 1,810 shares on 11/14/07 at $33.74, and Executive Vice President R. Joe Aleshire, who sold 2,000 shares on 08/21/07 at $35.77.

Capitol Federal Financial has a market cap of $2.14 billion; its shares were traded at around $29.17 with P/E ratio of 65.15 and P/S ratio of 16.58. The dividend yield of Capitol Federal Financial stocks is 6.7%.

The Cooper Companies Inc. (COO): Director Donald Press Bought 5,000 Shares; VP & General Counsel Daniel G. Mcbride Bought 4,000 Shares

The Cooper Companies, Inc. (COO), a healthcare product manufacturer, shares dipped to a seven-year low. COO reported that acquisition and integration expenses in the fourth quarter made the company sink into a loss of $24.2 million or $0.54 compared to a profit of $13.6 million or $0.30 a year ago. In the overall fiscal year ended in October, COO took in a loss of $11.2 million or $0.25 compared to the previous year with a profit of $68.3 million or $1.44.

George Soros added 22,293 shares the third quarter. Also, Richard Aster Jr. and David Dreman own COO shares.

Director of The Cooper Companies Inc. Donald Press bought 5,000 shares on 01/10/08 at $38.57, and VP & General Counsel Daniel G. Mcbride bought 4,000 shares 01/09/08 at $37.59. Another insider buy was made by Director Moses Marx, who bought 20,000 shares on 12/27/07 at $37.33. President & CEO A. Thomas Bender sold a total of 50,000 shares in September at around $52.

The Cooper Companies Inc. has a market cap of $1.74 billion; its shares were traded at around $38.57 with P/S ratio of 1.82. The dividend yield of The Cooper Companies Inc. stocks is 0.2%.

KB Home (KBH): EVP, Gen. Counsel, Secretary Wendy C. Shiba Bought 3,500 Shares

KB Home (KBH) widened their fourth quarter loss to $773 million as land sales plunged by 48% to $50.3 million; the results were ten times below analysts’ expectations. Sour land and housing sales were a sector wide phenomenon: KBH lost $331.6 million in operating cost, and Lennar lost $344.7 million in the third quarter. Stock shares of KB Home dropped by 76% since their high at $90 a share a year ago.

In the third quarter, as Charles Brandes increased his KBH holdings to 256,140 shares, Arnold Schneider reduced his holdings to 402,350 shares.

EVP, Gen. Counsel, Secretary Wendy C. Shiba bought 3,500 shares of KBH stock on 01/09/08 at $15.84. Also in October, EVP Shiba bought another 2,000 more shares $27.50. Since July, SVP, Human Resources John Staines bought a total of 3,500 shares at $15.86 to $31.16.

 KB Home has a market cap of $1.42 billion; its shares were traded at around $17 with P/S ratio of 0.20. The dividend yield of KB Home stocks is 5.4%.

The Men's Wearhouse Inc. (MW): Director Larry R. Katzen Bought 5,000 Shares

Due to poor same-store sales, the apparel retailer, Men's Wearhouse, Inc. (MW), lowered their fourth quarter profit guidance. Upon lower expectations, the company stock shares dropped over 10%. Analysts expect earnings to be $0.46 a share for the quarter, and $2.89 for the year.

Ken Heebner bought 535,000 shares. David Dreman and Kenneth Fisher kept their holdings at 843,050 shares, and 530,680 shares, respectively.

Two buys were made this Monday by Director Sheldon Stein I, who bought 2,000 shares at $18.50, and Director Larry R Katzen, who bought 5,000 shares at $17.90. Since July, Chairman of the Board, CEO, and Director George Zimmer sold a total of 115,500 shares between $39.94 and $53.49.

The Men's Wearhouse Inc. has a market cap of $1.03 billion; its shares were traded at around $19.08 with P/E ratio of 5.80 and P/S ratio of 0.47. The dividend yield of The Men's Wearhouse Inc. stocks is 1%.


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