Free 7-day Trial
All Articles and Columns »

Weekly CEO Buys Highlight: MSCI INC, Isle of Capri Casinos Inc., BE Aerospace Inc., Gray Television Inc., Fleetwood Enterprises Inc.

Weekly highlight of top CEO buys. Companies of the week: MSCI INC (MXB), Isle of Capri Casinos Inc. (ISLE), BE Aerospace Inc. (BEAV), Gray Television Inc. (GTN), Fleetwood Enterprises Inc. (FLE).

MSCI INC (MXB): Chairman, CEO and President, Director Henry A. Fernandez Bought 148,000 Shares

MSCI Inc. (MXB) became a publicly traded company in November of 2007; it provides investment decision support tools to investment institutions worldwide. The company produces indices, and risk and return portfolio analytics for use in managing investment portfolios. The company reported a lower quarterly profit by 6% to $18.6 million or $0.18 a share, on one $6.9 million charge. Comparing to the prior year, MSCI earned $19.9 million or $0.24 per share. Morgan Stanley plans to sell half of its MSCI holdings, or $898 million.

Ron Baron bought more shares of MXB and Steve Mandel sold out his MXB holdings prior to March.

Chairman, CEO and President, Director Henry A. Fernandez bought 148,000 shares on 7/10/08 at $31.67; also CEO Fernandez bought 45,659 more shares on 1/23/08 at $28.90.

Head of Strategy Gary Retelny sold 56,800 shares on 7/9/08 at $31.80 and 10% Owner Group Companies Charit Capital sold 2,861,235 shares on 4/28/08 at $29.

MSCI INC has a market cap of $3.27 billion; its shares were traded at around $32.74 with a P/E ratio of 40.07 and P/S ratio of 8.02.

Isle of Capri Casinos Inc. (ISLE): Exec VP & CEO James Perry Bought 40,000 Shares

Isle of Capri Casinos, Inc. (ISLE) faced a bigger quarterly loss due to 49% rise in operating costs to $361 million. The casino and entertainment company lost a total of $51.3 million or $1.66 a share, compared to a loss of $14.6 million or $0.48 a share, despite 15% increase in revenue to $350.1 million. For the full 2007 year, ISLE lost $96.9 million or $3.16 a share.

George Soros bought 11,811 shares in the quarter that ended on 3/31/08; Chuck Akre kept his 628,347 shares; and Ron Baron reduced his holdings by 20%.

EVP & CEO James Perry bought 40,000 shares on 7/7/08 at $4.80. Other buys were made between $4.48 and $7.68: Director Jeffrey D Goldstein bought a total of 188,636 shares; EVP & Director Robert S Goldstein bought 65,629 shares; President Virginia Mcdowell bought 10,000 shares; SVP & CFO Dale Black bought 7,500 shares; Chief Information Officer Jeanne Marie Wilkins bought 1,000 shares.

Isle of Capri Casinos Inc. has a market cap of $140.09 million; its shares were traded at around $4.54 with P/S ratio of 0.12.

BE Aerospace Inc. (BEAV): Chairman & CEO, Director Amin J Khoury Bought 7,500 Shares

BE Aerospace, Inc. (BEAV) manufactures and markets cabin interior products for commercial aircraft and business jets worldwide. Last week, the company was awarded a $200 million contract with a South American aircraft manufacturer, Empresa Brasilerira de Auronautica SA. BEAV plans to sell $600 million in 10-year notes to raise funds. Due to 22% rise in revenue, the company’s profits rose 51% to $48.5 million or $0.53, compared to $32.1 million or $0.40 a year ago.

Richard Aster Jr. owns 1,824,126 shares as of 3/31/08.

Chairman & CEO, Director Amin J. Khoury and SVP & CFO Thomas P. Mccaffrey each bought 7,500 shares during the past week at $22.38. Also, Director Jonathan M. Schofield bought 5,000 shares, while Vice President & GM Werner Lieberherr sold 1,488 shares at $21.90.

BE Aerospace Inc. has a market cap of $2.08 billion; its shares were traded at around $22.38 with a P/E ratio of 12.57 and P/S ratio of 1.23.

Gray Television Inc. (GTN): Chairman & CEO, Director J. Mack Robinson Bought 60,300 Shares

Gray Television, Inc. (GTN) is a television broadcasting company in the U.S. The company set their dividend at $0.03 per share for the quarter. Gray Television’s quarterly loss slimmed on 2% higher revenue from political ads and internet ads. The company lost $3.9 million or $0.08 a share compared to a prior quarterly loss of $11.4 million or $0.24 a share.

Chairman & CEO, Director J. Mack Robinson bought 60,300 shares during the past week at $2.49. As of April, CEO Robinson bought a total of 86,600 shares between $2.67 and $6.11. Other insider buys were made at $2.67 to $6: Director Harriett J. Robinson bought 75,100 shares; President and C.O.O., Director Robert S. Prather Jr. bought 9,250 shares; SVP & CFO James C. Ryan bought 1,000 shares.

Gray Television Inc. has a market cap of $120.55 million; its shares were traded at around $2.49 with P/S ratio of 0.40. The dividend yield of Gray Television Inc. stocks is 4.1%.

Fleetwood Enterprises Inc. (FLE): President & CEO, Director Elden L. Smith Bought 65,000 Shares

Fleetwood Enterprises, Inc. (FLE) produces recreational vehicles and manufactured housing primarily in the United States. Its recreational vehicles include motor homes, travel trailers, and folding trailers. The company was able to make a gain for the quarter with budgeting and asset sales. Fleetwood made a fourth quarter profit of $18.9 million or $0.26 for the quarter, compared to a loss of $39.2 million or $0.61 in the same quarter last year. Revenue fell 26% to $363.5 million during the weak economic climate; both mobile home and RV sales dropped more than $10 million and $110 million, respectively. Company representatives said the spike in gas prices definitely slowed motor-home sales.

Robert Rodriguez owns 4,627,600 shares as of 3/31/08.

President & CEO, Director Elden L. Smith bought 65,000 shares of FLE stock on 7/7/08 at $1.95. Other insider buys were made between $2.10 to $2.50 by Michael B. Shearin, who bought 30,000 shares; President Paul C Eskritt, who bought 24,000 shares; Director J. Michael Hagan, Director Thomas B Pitcher, & John T. Montford, who each bought 5,000 shares; Director David S. Engelman, who bought 4,800 shares; SVP Leonard J. Mcgill, who bought 2,500 shares; and finally, Director James L. Doti, who bought 2,000 shares.

Fleetwood Enterprises Inc. has a market cap of $146.51 million; its shares were traded at around $2.28 with P/S ratio of 0.09.

 

  • 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.

» Take a Free Trial of Premium Membership


Rating: 3.5/5 (4 votes)

Comments

Please leave your comment:


Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)
Free 7-day Trial
FEEDBACK
Hide