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 (NYSE:ACCO): Executive VP and CFO Neal V. Fenwick Bought 15,000 Shares
Executive VP and CFO of ACCO Brands Corp (NYSE: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. (NYSE:IRM): CFO Brian P. Mckeon Bought 3,600 Shares
CFO of Iron Mountain Inc. (NYSE: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:
Mr. Huebscher is the founder and CEO of Advisor Perspectives, a web site and newsletter that provides investment strategy analysis for financial advisors and wealth managers. In 1982, he founded the investment software division of Thomson Financial, where he created the PORTIA product, a portfolio management system for institutional investors. In 1990, he founded Hub Data, a market data redistribution service, which he sold to Advent Software in 1998. He has also worked in the account aggregation field, as a consultant to both vendors and wealth managers. He is a graduate of the Harvard Business School (1982) and Connecticut College (1976).