Weekly Top Insider Buys: PACCAR Inc., Regal Entertainment Group, Corning Inc., Weingarten Reality Investors Inc., Monster Worldwide Inc.

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Nov 10, 2008
Weekly highlight of top insider buys: PACCAR Inc. (PCAR, Financial), Regal Entertainment Group (RGC, Financial), Corning Inc. (GLW, Financial), Weingarten Reality Investors Inc. (WRI, Financial), Monster Worldwide Inc. (MNST, Financial)


PACCAR Inc. (PCAR): Director James Calvin Pigott Bought 100,000 Shares


PACCAR Inc. is a global technology leader in the design manufacture and customer support of high-quality light- medium- and heavy-duty trucks under the Kenworth Peterbilt DAF and Foden nameplates. It also provides financial services and distributes truck parts related to its principal business. In addition the Bellevue Washington-based company manufactures industrial winches under the Braden Gearmatic and Carco nameplates.


Mr. Kirk S. Hachigian was recently named to PACCAR Inc’s Board of Directors, effective December 9, 2008, according to Mark C. Pigott, PACCAR chairman and chief executive officer. Mr. Hachigian is chairman, chief executive officer and president of Cooper Industries Ltd., a manufacturer of electrical products and tools. He was named president and joined Cooper’s board in 2004.


PACCAR Inc. is owned by four Gurus. As of 6/30/08, HOTCHKIS & WILEY bought 4,819,800 shares in the quarter, which is 1.12% of the $18.03 billion portfolio of HOTCHKIS & WILEY Capital Managment LLC. David Dreman bought 33 shares, which is less than 0.01% of the $13.43 billion portfolio of Dreman Value Management. Chris Davis owns 825,875 shares, which accounts for 0.04% of the $81.83 billion portfolio of Davis Selected Advisers. Ruane Cunniff owns 3,125,011 shares, which accounts for 1.24% of the $10.51 billion portfolio of Ruane & Cunniff & Goldfarb Inc.


Director James Calvin Pigott bought 50,000 more shares of PCAR stock on 10/31/2008 at the average price of $28.85; the price of the stock has decreased by 7.69% since. Vice Chairman, Director Michael A Tembreull bought 10,000 shares of PCAR stock on 10/24/2008 at the average price of $22.89; the price of the stock has increased by 16.34% since.


PACCAR Inc has a market cap of $9.66 billion; its shares were traded at around $26.63 with a P/E ratio of 8.40 and P/S ratio of 0.61. The dividend yield of PACCAR Inc stocks is 2.46%.


Regal Entertainment Group (RGC): Director Jack Tyrrell Bought 200,000 Shares


Regal Entertainment Group is a leading motion picture exhibitor operating the largest theatre circuit in the United States. The Company's nationwide theatre circuit is comprised of Regal Cinemas Corporation United Artists Theatre Company and Edwards Theatres Inc.


Regal Entertainment Group, a leading motion picture exhibitor owning and operating the largest theatre circuit in the United States, announced today that Madagascar: Escape 2 Africa: The IMAX Experience® will be available at a total of 29 Regal Entertainment Group IMAX® theatres across the country. These Regal IMAX Theatres include 11 locations that will showcase the film through recently installed IMAX digital projection systems. Advance tickets are on sale now for Madagascar: Escape 2 Africa: The IMAX Experience. The movie opens Friday, November 7.


Regal Entertainment Group is owned by one Guru. David Dreman owns 123,700 shares as of 06/30/2008, which accounts for 0.01% of the $13.43 billion portfolio of Dreman Value Management.


Directors Jack Tyrell, Stephen A Kaplan, and David H Keyte bought shares of Regal Entertainment Group in November. The price per share has decreased more than 0.5% since.


Regal Entertainment Group has a market cap of $1.51 billion; its shares were traded at around $9.83 with a P/E ratio of 23.29 and P/S ratio of 0.57. The dividend yield of Regal Entertainment Group stocks is 9.35%.


Corning Inc. (GLW): Director James R Houghton Bought 100,000 Shares


Corning Incorporated manufactures optical fiber cable and photonic products for the telecommunications industry; and high-performance displays and components for television and other communications-related industries. The company also uses advanced materials to manufacture products for scientific semiconductor and environmental markets.


Dow Corning Corporation's Electronics group today announced the global availability of DOW CORNING® OE-6450, the latest addition to its growing portfolio of optical encapsulates for light-emitting diode (LED) chip sealing and protection. This new two-part formulation, which cures to a flexible gel for use in lens-type LED devices, offers outstanding stress relief, excellent durability, moisture protection, and ultraviolet resistance to maximize light transmittance.


Corning Inc. is owned by six Gurus. As of 6/30/08, Mark Hillman owns 763,839 shares, which accounts for 1.98% of the $887 million portfolio of Hillman Capital Management. Dodge & Cox owns 42,300 shares, which accounts for less than 0.01% of the $107.5 billion portfolio of Dodge & Cox. PRIMECAP Management owns 36,136,638 shares, which accounts for 1.37% of the $60.81 billion portfolio of PRIMECAP Management. Arnold Van Den Berg owns 11,600 shares, which accounts for 0.01% of the $2.4 billion portfolio of Century Management. Ronald Muhlenkamp owns 2,064,449 shares, which accounts for 3.87% of the $1.23 billion portfolio of Muhlenkamp Fund. Kenneth Fisher owns 10,612 shares, which accounts for less than 0.01% of the $31.63 billion portfolio of Fisher Asset Management, LLC.


Director James R Houghton and Retired Director John M. Hennessy bought shares of Corning Inc. in November and August respectively; the price per share has decreased more than 4% since. Former Div. VP & CAO Jane D Poulin, Director John Seely Brown,


Senior VP, Finance Katherine A Asbeck, and Exec VP & Chief Admin.Officer Kirk P Gregg sold shares of Corning Inc. in June and May; the price per share has decreased more than 60% since.


Corning Inc. has a market cap of $16.18 billion; its shares were traded at around $10.41 with a P/E ratio of 2.90 and P/S ratio of 2.41. The dividend yield of Corning Inc. stocks is 1.85%.


Weingarten Reality Investors Inc. (WRI): Chairman, Director Stanford J Alexander Bought 34,884 Shares


Weingarten Realty Investors is focused on delivering solid returns to shareholders by actively developing acquiring and intensively managing properties in twenty one states that span the southern portion of the United States from coast to coast. The Company's portfolio of Thirf caproperties includes thirty neighborhood and community shopping centers and sixty four industrial properties aggregating forty million square feet.


Weingarten Realty announced on Friday, October 10 that Hobby Lobby Stores, Inc. signed a 40,000 square foot lease to co-anchor Perimeter Village Shopping Center. Hobby Lobby is one of the largest full-line arts and crafts retailers in the United States. The grand opening for Hobby Lobby’s new store is scheduled for late 1 st quarter or early 2 nd quarter 2009.


Weingarten Realty is owned by one Guru. Kenneth Fisher owns 73,100 shares as of 9/30/2008, which accounts for 0.01% of the $31.63 billion portfolio of Fisher Asset Management, LLC.


CEO/PRESIDENT, Director Andrew M Alexander bought 1,000 shares of WRI stock on 11/04/2008 at the average price of $20.62; the price of the stock has decreased by 3.2% since. Directors Stephen A Lasher and Stanford J Alexander bought shares in November; the price per share has increased more than 6% since.


Weingarten Realty Investors has a market cap of $1.68 billion; its shares were traded at around $19.96 with a P/E ratio of 8.57 and P/S ratio of 2.37. The dividend yield of Weingarten Realty Investors stocks is 10.27%.





Monster Worldwide Inc. (MNST): EVP and CFO, Director Timothy T Yates Bought 36,000 Shares


Monster Worldwide Inc. is the online recruitment leader and the parent company of Monster the leading global careers website. Headquartered in New York, Monster Worldwide is also the world's largest Recruitment Advertising agency network the world's largest Yellow Pages advertising agency and a provider of direct marketing services.


The Monster Employment Index dropped ten points in October, as a majority of industries and occupations registered fewer online job opportunities and overall U.S. online job availability fell to its lowest level since 2005. Year-over-year, the Index is now down 20 percent, reflecting continued deceleration in online recruitment activity at the outset of the fourth quarter.


Monster Worldwide Inc. is owned by three Gurus. Kenneth Fisher bought 14,300 shares in the quarter that ended on 09/30/2008, which is less than 0.01% of the $31.63 billion portfolio of Fisher Asset Management, LLC. As of 6/30/08, Bill Miller owns 2,789,400 shares, which accounts for 1.22% of the $14.27 billion portfolio of Legg Mason Value Trust. PRIMECAP Management owns 73,000 shares, which accounts for less than 0.01% of the $60.81 billion portfolio of PRIMECAP Management.


Chairman, President and CEO, Director Salvatore Iannuzzi bought 72,000 shares of MNST stock on 11/04/2008 at the average price of $13.94; the price of the stock has decreased by 13.85% since. EVP and CFO Director Timothy T Yates and EVP and Chief Admin Officer Lise Poulos bought shares of MNST stock in November; the price of the stock has decreased more than 13% since.


Monster Worldwide Inc. has a market cap of $1.48 billion; its shares were traded at around $12.01 with a P/E ratio of 10.47 and P/S ratio of 1.03.