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Weekly Top Insider Buys: VeriFone Holdings and Spartech Corp.

July 18, 2009 | About:
gururk

gururk

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Weekly highlight of top insider buys: VeriFone Holdings, Inc. (PAY) and Spartech Corp. (SEH)

For the complete list of stocks that bought by their company executives, go to: Insider Buys.

VeriFone Holdings Inc. (PAY): President, VeriFone Israel Eliezer Yanay Bought 3,812 Shares

President, VeriFone Israel of VeriFone Holdings Inc., Eliezer Yanay, bought 3,812 shares on 7/09/2009 at an average price of $8.26.

Verifone Holdings Inc. is a global leader in secure electronic payment technologies and provides expertise, solutions, and services for today with a migration strategy for tomorrow. VeriFone solutions are specifically designed to meet the needs of vertical markets, including financial, retail, petroleum, government, and healthcare. VeriFone Holdings Inc. has a market cap of $697.8 million; its shares were traded at around $8.26 with a P/E ratio of 11.9 and P/S ratio of 0.7.

On June 2, VeriFone Holdings Inc. released financial results for the three months ended April 30, 2009. Net revenues for the three months ended April 30, 2009, were $201.6 million, 14% lower than the net revenues of $233.0 million for the comparable period of 2008. Non-GAAP net income, for the three months ended April 30, 2009, was $0.17 per diluted share, compared to $0.19 per diluted share, for the comparable period in 2008.

Buy: CEO  Douglas Bergeron bought 523,600 shares of PAY stock from March to May; the price of the stock has increased by 27.08% since his latest buy. Buy: President, VeriFone Israel  Eliezer Yanay bought 11,000 shares from March to July. Sell:  and Sell: See remarks below [url=http://www.gurufocus.com/InsiderBuy.php?insider=GTCR+GOLDER+RAUNER+LLC] Golder Rauner Llc Gtcr both sold shares last month.

Spartech Corp. (SEH): Director Lloyd E Campbell Bought 4,608 Shares

Director of Spartech Corp., Lloyd E Campbell, bought 4,608 shares on 7/16/2009 at an average price of $10.96.

Spartech Corp. is in the plastics processing business with its two lines of business: Extruded Sheet & Rollstock, which sells its products to various manufacturers who use plastic components in their industrial products, and Merchant Compounding - which sells specialty alloys, compounds, and color concentrates principally to manufacturers of specialized footwear, shutters, loose-leaf binders, cosmetic packaging products, and numerous other custom plastic applications. Spartech Corp. has a market cap of $336.7 million; its shares were traded at around $10.96 with a P/E ratio of 47.6 and P/S ratio of 0.2. Spartech Corp. had an annual average earning growth of 0.3% over the past 10 years.

On June 10, Spartech Corp. reported financial results for the second quarter of 2009. Net sales were $234.3 million, down 36% from the prior year second quarter, reflecting weak end-market demand. Sales volumes increased 6% in comparison to the first quarter of 2009 reflecting seasonality.

Spartech Corp. is owned by two Gurus, Charles Brandes and Arnold Schneider.

In March, Buy: President & CEO  Myles S Odaniell bought 30,000 shares of SEH stock and the price of the stock has increased by 318.32% since.Buy: Director  Lloyd E Campbell and Buy: Senior VP of Marketing  Janet Eileen Mann bought shares this month, and Buy: VP of Planning and Analysis  Michael Gerard Marcely , Buy: Senior VP, Color & Compounds  Michael Leroy Marcum , and Buy: VP and Corporate Controller  Michael Gerard Marcely bought 5,000 shares in March.


  • 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.

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