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Weekly CEO Buys Highlight: Cenveo Inc., Electronics for Imaging Inc., Mercury Computer Systems, Iteris Inc

These are the weekly highlight of CEO buys. Related Companies: Cenveo Inc. (CVO), Electronics for Imaging Inc. (EFII), Mercury Computer Systems (MRCY), E*TRADE Financial Corp. (ETFC), Iteris Inc (ITI).

Cenveo Inc. (CVO): Chairman and CEO, Director Robert G. Burton Sr. Bought 178,500 Shares

In late-December, Cenveo, Inc. (CVO), a print and visual communications service provider, made plans to expand its packaging business by acquiring Rex Corporation. Cenveo will expect $40 million in annual revenue from Rex Corp. Hefty restructuring charges lowered the company’s third quarter net income by 74% to $3 million or $0.06 from $11.6 million in the previous year. Expense from restructuring and new acquisitions totaled $20.3 million for the quarter.

John Keeley owns 1,470,000 shares as of September of last year.

Chairman and CEO, Director of Cenveo Inc. Robert G. Burton Sr. bought 178,500 shares during the past week at $14.99. As of early-August, insider buys were made between $15.34 and $20.53: CEO Burton totaled 256,400; CFO Mark S. Hiltwein totaled 40,500 shares; Director Leonard C. Green totaled 31,000 shares; and finally, Director Robert Obernier totaled 3,000 shares.

Cenveo Inc. has a market cap of $825.83 million; its shares were traded at around $14.99 with a P/E ratio of 15.91 and P/S ratio of 0.44.

Electronics for Imaging Inc. (EFII): CEO, Director Guy Gecht Bought 30,000 Shares

The digital printing manufacturer, Electronics For Imaging, Inc. (EFI), lowered its fourth quarter earnings as a result from weak demand. Non-GAAP net income was down by 38%, $14.4 million or $0.23 a share. Mid-November, the company announced the repurchase of an additional $100 million shares.

Bruce Sherman and Third Avenue Management currently own 138,400 shares, and 3,661,220 shares, respectively.

CEO, Director Guy Gecht bought 30,000 shares last Monday at $13.15.

Electronics for Imaging Inc. has a market cap of $968.95 million; its shares were traded at around $14.31 with a P/E ratio of 36.85 and P/S ratio of 1.53.

Mercury Computer Systems (MRCY): President and CEO Mark Aslett Bought 12,000 Shares

Mercury Computer Systems, Inc. (MRCY) reported a second-quarter revenue rise by 7% to $52.6 million. The specialized computer systems and software manufacturer posted a second quarter GAAP loss of $6.1 million or $0.28. Mercury also reported $75.4 million in backlog for the next 12-months.

While George Soros increased his MRCY holdings to 573,834 shares as of the third quarter, Arnold Schneider kept his holdings unchanged at 238,441 shares.

On Thursday, President and CEO Mark Aslett bought 12,000 shares and Director George W. Chamillard bought 10,000 shares at $8.50. Since August of 2007, insider sells were made between $10.67 and $13.87 by Senior VP & GM ACS, Mark F. Skalabrin, who sold 3,000 shares; VP, Strategic Mktg & Alliances, Joel B. Radford, who sold 1,875 shares; and VP, Corporate Development Douglas Flood, who sold 455 shares.

Mercury Computer Systems has a market cap of $179.99 million; its shares were traded at around $8.27 with P/S ratio of 0.78.

E*TRADE Financial Corp. (ETFC): Acting CEO, Director R. Jarrett Lilien Bought 14,752 Shares

E*TRADE Financial Corporation (ETFC) reported a fourth quarter loss of $1.7 billion or $3.98 per share compared to a profit of $176.7 million, or $0.40 per share. Since the last quarter, the retail brokerage’s stock price have lost over 60% its value, as bonds and mortgage backed securities decreased in value. The recent insider buys totaling $1.9 million have slightly boosted the company shares. E*trade stock price have been at its lowest in the past half year.

Chris Davis upped his shares by 40% to 19,731,005 shares as of 09/30/07. Ron Baron sold out all his E-trade holdings in the same quarter.

The acting CEO, and Director of E*TRADE Financial Corp Director R. Jarrett Lilien bought 14,752 shares during the past week at $4.14. Other insider buys were also made this past week around $3.99 and $4.07: Director Donald H. Layton bought 245,800 shares; Director Donna L. Weaver bought 68,843 shares; Director Stephen H. Willard bought 50,000 shares; Director Ronald Fisher bought 31,806 shares; Director Lewis E. Randall bought 29,500 shares; Directors Daryl G. Brewster and Michael K Parks each bought 24,586 shares; Director C. Cathleen Raffaeli bought 12,293 shares; and lastly, Director George A. Hayter bought 4,917 shares.

E*TRADE Financial Corp. has a market cap of $2.28 billion; its shares were traded at around $4.14.

Iteris Inc (ITI): CEO, Director Abbas Mohaddes Bought 20,000 Shares

Iteris, Inc. (ITI) provides outdoor machine vision systems and sensors within three segments: Roadway Sensors, Automotive Sensors, and Transportation Systems. Late-January, the company won a $900,000 contract with Intelligent Transportation Systems. Iteris announced a 6% sales revenue increase to $15.4 million for the third quarter ended in December.

CEO, Director Abbas Mohaddes bought 20,000 shares of ITI stock on 01/29/08 at $2.49; the price of the stock has increased by 5.62% since. Early-October, CEO Abbas Mohaddes also bought 7,062 shares at $2.27.

Large insider sells were made by the current 10% Owner Bryant R. Riley. As of 10/24/07, Riley sold a total of 832,800 shares at $2.80 to $3.58.

Iteris Inc has a market cap of $85.58 million; its shares were traded at around $2.63 with a P/E ratio of 15.30 and P/S ratio of 1.38.

  • CEO Buys, CFO Buys: Stocks that are bought by their CEO/CFOs.
  • Insider Cluster Buys: Stocks that multiple company officers and directors have bought.
  • Double Buys:: Companies that both Gurus and Insiders are buying
  • Triple Buys: Companies that both Gurus and Insiders are buying, and Company is buying back.

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