GuruFocus Insider Data, these are the largest CFO buys during the past week. The overall trend of CFOs is illustrated in the chart below:ACCO Brands Corp (ACCO): Executive VP and CFO Neal V. Fenwick Bought 15,000 Shares
Executive VP and CFO of ACCO Brands Corp (ACCO) Neal V. Fenwick bought 15,000 shares on 06/06/2013 at an average price of $6.63.
ACCO Brands Corporation was formerly known as ACCO World Corporation. Acco Brands Corp has a market cap of $804.8 million; its shares were traded at around $6.80 with a P/E ratio of 6.00 and P/S ratio of 0.40.
On April 26, 2013 ACCO Brands Corporation reported its first quarter results for the period ended March 31, 2013. Net sales increased 22% to $352.0 million, compared to $288.9 million in the prior-year quarter, due to the merger with MeadWestvaco's Consumer & Office Products business ("Mead C&OP"). Loss from continuing operations was $8.9 million, or $0.08 per share, compared to a loss of $17.3 million, or $0.31 per share, in the prior-year quarter. Adjusted loss from continuing operations was $7.9 million, or $0.07 per share, excluding $11.4 million of pre-tax charges primarily for restructuring and IT integration costs and using a normalized tax rate of 35%. This compared to an adjusted loss of $3.0 million, or $0.05 per share, excluding $9.1 million of pre-tax charges primarily for restructuring and transaction-related costs and using a normalized tax rate of 30%, in the prior-year quarter.
President and COO Boris Elisman bought 2,750 shares of ACCO stock on 02/15/2013 at the average price of $8.1. Boris Elisman owns at least 22,136 shares after this. The price of the stock has decreased by 16.05% since.
Iron Mountain Inc. (IRM): CFO Brian P. Mckeon Bought 3,600 Shares
CFO of Iron Mountain Inc. (IRM) Brian P. Mckeon bought 3,600 shares on 06/07/2013 at an average price of $28.61.
Iron Mountain Incorporated was founded in 1951, under the name Pierce Leahy Corp. Iron Mountain Inc. has a market cap of $5.51 billion; its shares were traded at around $28.93 with a P/E ratio of 37.90 and P/S ratio of 1.70. The dividend yield of Iron Mountain Inc stocks is 3.70%. Iron Mountain Inc. had an annual average earnings growth of 7.4% over the past 10 years. GuruFocus rated Iron Mountain Inc the business predictability rank of 3-star.
On May 1, 2013 Iron Mountain Incorporated reported financial and operating results for the first quarter endedMarch 31, 2013. Total revenues for the quarter were$747 million. On a constant dollar (C$) basis, total revenue growth for the first quarter was 0.5%, reflecting solid storage rental gains of 4.4%, partially offset by a decline in total service revenues. Adjusted OIBDA for the first quarter was$227 million, up 2% from the same period in 2012. Adjusted EPS was$0.27 per share ($0.10 per share on a GAAP basis) in the current period, compared with$0.29 per share in the first quarter of 2012 ($0.35 per share on a GAAP basis).
Director Vincent J. Ryan sold 509,894 shares of IRM stock on 02/20/2013 at the average price of $34.82. Vincent J. Ryan owns at least 35,033 shares after this. The price of the stock has decreased by 16.92% since.
For the complete list of stocks that were bought by their CFOs, go to: Insider Buys.
About the author:
My name is Ben C. and I am 2nd year MBA candidate at the Anderson School of Business at the University of California- Los Angeles. I have a BS in Economics from the Wharton School of Business at the University of Pennsylvania. Before coming to Anderson I worked as a generalist equity research analyst for Right Wall Capital, a long-short equity hedge fund located in New York City. Prior to working at Right Wall I worked as an analyst at Blue Ram Capital, another long-short equity hedge fund located in Rye Brook, NY. This past summer, I worked for West Coast Asset Management as a research analyst. West Coast, which was co-founded by Kinko’s founder Paul Orfalea, is run by well-known value investors Lance Helfert and Atticus Lowe.