Weekly CEO Buys Highlight: Flowers Foods Inc., Global Cash Access Holdings Inc., Travelzoo Inc., Shutterfly Inc., Tecumseh Products Company

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Aug 31, 2008
Highlight of top CEO buys. Related companies: Flowers Foods Inc. (FLO, Financial), Global Cash Access Holdings Inc. (GCA, Financial), Travelzoo Inc (TZOO, Financial), Shutterfly Inc. (SFLY, Financial), Tecumseh Products Company (TECUB, Financial).


Flowers Foods Inc. (FLO): Chairman, CEO, President, Director George E. Deese Bought 7,000 Shares


Flowers Foods Inc. (FLO) is one of the largest producers and marketers of a full line of frozen and non-frozen bakery and dessert products. The company’s second quarter profit was lower than expected. FLO’s shares have been traded between $18.66 and $32.68 over the past 52-weeks. The baked goods producer acquired ButterKrust Bakery and Holsum Bakery during the second quarter. Also, FLO will raise their quarterly dividend to $0.15 per share.


John Keeley owns 4,435,432 shares, as George Soros sold out his holdings in the quarter that ended on 6/30/08.


Chairman, CEO, President, Director George E. Deese bought 7,000 shares on 8/19/08 at $26.43. Other buys were made by Director Jackie M. Ward, who bought 3,366 shares, and Director Joe E. Beverly, who bought 2,514 shares.


Flowers Foods Inc. has a market cap of $2.36 billion; its shares were traded at around $25.99 with a P/E ratio of 22.77 and P/S ratio of 1.11. The dividend yield of Flowers Foods Inc. stocks is 2.31%.


Global Cash Access Holdings Inc. (GCA): President & CEO, Director Scott H. Betts Bought 25,000 Shares


Casino ATM operator, Global Cash Access Holdings Inc. (GCA) reported a near flat profit of $8.7 million or $0.11 a share for the second quarter, compared to $8.6 million or $0.10 a share last year. Revenue for the quarter rose 11% from $150.8 million to $166.8 million. In July, Global Cash completed the acquisition of Cash Systems Inc. for $33 million.


President & CEO, Director Scott H. Betts and EVP & CFO George W. Gresham each bought 25,000 shares on 8/19/08 at $5.79. Overall, CEO Scott H. Betts has purchased a total of 35,000 shares. In March, Director E. Miles Kilburn bought a total of 100,000 shares and Director Geoffrey P. Judge bought 2,000 shares at $4.78 to $5.05 per share.


Global Cash Access Holdings Inc. has a market cap of $453.40 million; its shares were traded at around $5.95 with a P/E ratio of 26.29 and P/S ratio of 0.75.


Travelzoo Inc (TZOO): CEO, Director, 10% Owner Ralph Bartel Bought 47,827 Shares


Travelzoo Inc (TZOO) publishes Travelzoo and Weekend.com. The internet media company posted a year-over-year net loss of $1.2 million or $0.08 a share, despite revenue of $21.8 million. The company shares are down 70% over 52-week period, with a range of $6.45 and $24.97 a share.


CEO, Director, 10% Owner Ralph Bartel bought 47,827 shares during the past week at $7.85.


During August, Ralph Bartel has purchased a total of 120,736 shares between $7.35 and $7.50 per share. Also, insider transactions were made between $7.35 to $7.50: 10% Owner Capital Inc Azzurro bought 50,911 shares; 10% Owner Bartel 2005 Trust Ralph bought 47,827 shares; CFO W. Wayne Lee bought 1,500 shares; and Director Holger Bartel bought 484 shares.


Travelzoo Inc has a market cap of $108.99 million; its shares were traded at around $7.85 with P/S ratio of 1.37.


Shutterfly Inc. (SFLY): PRESIDENT & CEO Jeffrey T. Housenbold Bought 14,300 Shares


Shutterfly Inc. (SFLY) is an internet-based photo editing website. The company plans to lay-off over a hundred employees through the following year. Shutterfly doubled their loss to $4 million from $2.4 million during the last two second-quarters, despite 19% rise in revenue to $35.5 from $29.9 million.


President & CEO Jeffrey T. Housenbold bought 14,300 shares on 8/18/08 at $9.81; he purchased a total of 37,000 shares since May between $8.64 and $12.45. Other insiders bought their shares at $8.93 to $13.59: Director James N. White bought 87,165 shares; CFO Mark J. Rubash bought 7,500 shares; Director Philip A. Marineau bought 3,000 shares; and Chief Marketing Officer Kathryn E. Olson bought 1,300 shares.


Shutterfly Inc. has a market cap of $253.41 million; its shares were traded at around $10.26 with a P/E ratio of 45.54 and P/S ratio of 1.29.


Tecumseh Products Company (TECUB): Chairman, President & CEO, Director Edwin L. Buker Bought 12,000 Shares


Compressor maker Tecumseh Products Company (TECUB) made a fourth-quarter (ending in March) profit of $4.1 million or $0.21 a share compared to a loss of $63.8 million or $3.45 a share in the same period of 2007. The company’s 52-week range for share prices is between $13.83 and $34.14 per share.


Charles Brandes reduced his TECUB holdings by 83% down to 39,455 shares as of 6/30/08.


Chairman, President & CEO, Director Edwin L. Buker bought a total of 12,000 shares since May at $25.75 to $30.10 a share. 10% Owners Foundation Herrick, Toni L. Herrick, and Todd W Herrick each bought a total of 49,208 shares at $32.52 to $36.56.


Tecumseh Products Company has a market cap of $ million; its shares were traded at around $25.19.