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Weekly CFO Buy Highlights: Reddy Ice Holdings Inc., Methode Electronics Inc., Life Partners Holdings Inc., Terex Corp.

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According to GuruFocus Insider Data the largest CFO buys during the past week were Reddy Ice Holdings Inc. (FRZ), Methode Electronics Inc. (MEI), Life Partners Holdings Inc. (LPHI), and Terex Corp. (TEX).

Reddy Ice Holdings Inc. (FRZ): Exec. VP, CFO & Secretary Steven J Janusek Bought 11,024 Shares

Exec. VP, CFO & Secretary of Reddy Ice Holdings Inc. (FRZ) Steven J Janusek bought 11,024 shares during the past week at an average price of $1.59. Reddy Ice manufactures and distributes packaged ice under the Reddy Ice brand name. Reddy Ice Holdings Inc. has a market cap of $35.5 million; its shares were traded at around $1.6 with a P/E ratio of 2.5 and P/S ratio of 0.1.

Reddy Ice Holdings Inc. recently reported fiscal results for its fourth quarter 2008 ended December 31, 2008. The company announced its total revenues of $57.9 million and a net loss of $0.44 per diluted share. This is compared to the same quarter last year which included total revenues of $64.3 million and a net loss of $0.30 per diluted share.

Buy: CEO & President  Gilbert M. Cassagne bought 6,750 more shares of FRZ stock on 07/02/2009 at the average price of $1.6, 6,750 more shares of FRZ stock on 07/02/2009 at the average price of $1.6, 18,750 more shares of FRZ stock on 07/08/2009 at the average price of $1.59, 18,750 more shares of FRZ stock on 07/13/2009 at the average price of $1.58, and 18,750 shares of FRZ stock on 07/16/2009 at the average price of $1.6; the price of the stock has decreased by 0% since. Buy: Sr VP - National Acct Sales  Steven A. Wilson bought 2,600 more shares of FRZ stock on 06/19/2009 at the average price of $1.58 and 3,900 shares of FRZ stock on 07/06/2009 at the average price of $1.6; the price of the stock has decreased by 0% since. Buy: VP-Finance & Treasurer  Mark A Steffek bought 16,945 shares of FRZ stock on 03/16/2009 at the average price of $1.48; the price of the stock has increased by 8.11% since. Buy: Director  Michael H Rauch bought 2,500 shares of FRZ stock on 03/13/2009 at the average price of $1.4; the price of the stock has increased by 14.29% since. Sell:  Activist Value Fund L Shamrock sold 80,000 shares of FRZ stock on 05/27/2009 at the average price of $1.94; the price of the stock has decreased by 17.53% since.

Methode Electronics Inc. (MEI): CFO Douglas A Koman Bought 4,980 Shares

CFO of Methode Electronics Inc. (MEI) Douglas A Koman bought 4,980 shares during the past week at an average price of $5.5. Methode Electronics Inc. manufactures component devices world-wide for Original Equipment Manufacturers of information processing and networking equipment voice and data communications systems consumer electronics automobiles aerospace vehicles and industrial equipment. Products employ electrical electronic and optical technologies as sensors interconnections and controls. The company manufactures bus systems and provides independent laboratory services for qualification testing and certification of electronic and optical components. Methode Electronics Inc. has a market cap of $267.2 million; its shares were traded at around $7 with a P/E ratio of 35 and P/S ratio of 0.7. The dividend yield of Methode Electronics Inc. stocks is 3.9%.

Methode Electronics Inc. recently reported fiscal results for its fourth quarter 2009 ended May 2, 2009. The company announced its total revenue of $89.0 million and net loss of $92.6 million ($2.50 per diluted share). This is compared to the same quarter last year which included total 154.4 million of $ and a net income of $12.9 million ($0.34 per diluted share).

Buy: Controller & Treasurer  Ronald L.g. Tsoumas bought 1,181 more shares of MEI stock on 07/09/2009 at the average price of $5.52 and 1,181 shares of MEI stock on 07/09/2009 at the average price of $5.52; the price of the stock has increased by 26.81% since.

Life Partners Holdings Inc. (LPHI): CFO David Michael Martin Bought 250 Shares

CFO of Life Partners Holdings Inc. (LPHI) David Michael Martin bought 250 shares on 07/17/2009 at an average price of $16.18. Life Partners Holding is a licensed provider of viatical and senior settlements collectively referred to as life settlements. Life Partners Holdings Inc has a market cap of $262.3 million; its shares were traded at around $17.65 with a P/E ratio of 12.8 and P/S ratio of 2.6. The dividend yield of Life Partners Holdings Inc stocks is 1.6%.

LPHI is in the portfolios of Daniel Loeb of Third Point, LLC. 

Buy: Corporate Secretary  Robert Scott Peden bought 650 shares of LPHI stock on 07/14/2009 at the average price of $15.53; the price of the stock has increased by 13.65% since. Buy: Director  Fred Dewald bought 1,000 shares of LPHI stock on 03/28/2009 at the average price of $15.38; the price of the stock has increased by 14.76% since.

Terex Corp. ( TEX): SVP & CFO Phillip Widman Bought 108 Shares

SVP & CFO of Terex Corp. (TEX) Phillip Widman bought 108 shares on 07/13/2009 at an average price of $10.66. Terex Corp. is a global manufacturer of a broad range of construction and mining related capital equipment. The company strives to manufacture high quality machines which are low cost simple to use and easy to maintain. The company's principal products include telescopic mobile cranes aerial work platforms utility aerial devices telescopic material handlers truck mounted mobile cranes rigid and articulated off-highway trucks and high capacity surface mining trucks and related components and replacement parts. Terex Corp. has a market cap of $1.24 billion; its shares were traded at around $12.99 with a P/E ratio of 4 and P/S ratio of 0.1. Terex Corp. had an annual average earning growth of 11.3% over the past 10 years.

Terex Corp. recently reported fiscal results for its first quarter 2009 ended March 31, 2009. The company announced its total revenue of $1.30 billion and net loss of $74.9 million ($0.79 per diluted share). This is compared to the same quarter last year which included total revenue of $2.36 billion and a net income of $163.3 million ($1.59 per diluted share).

TEX is in the portfolios of Ronald Muhlenkamp of Muhlenkamp Fund, John Keeley of Keeley Fund Management, Kenneth Fisher of Fisher Asset Management, LLC.

Buy: Chairman & CEO  Ronald M Defeo bought 117 more shares of TEX stock on 02/13/2009 at the average price of $9.82, 106 more shares of TEX stock on 04/06/2009 at the average price of $10.82, 71 more shares of TEX stock on 05/08/2009 at the average price of $16.11, 80 more shares of TEX stock on 06/09/2009 at the average price of $14.36, and 108 shares of TEX stock on 07/13/2009 at the average price of $10.66; the price of the stock has increased by 21.86% since. Buy: Senior V. P. Human Resources  Kevin A Barr bought 22 shares of TEX stock on 07/13/2009 at the average price of $10.66; the price of the stock has increased by 21.86% since. Buy: VP - Finance, Cranes  Jonathan D Carter bought 108 shares of TEX stock on 07/13/2009 at the average price of $10.66; the price of the stock has increased by 21.86% since. Buy: President Terex AWP  Timothy A Ford bought 54 shares of TEX stock on 07/13/2009 at the average price of $10.66; the price of the stock has increased by 21.86% since. Buy: SVP Finance, Bus Development  Brian J Henry bought 216 shares of TEX stock on 07/13/2009 at the average price of $10.66; the price of the stock has increased by 21.86% since. Buy: President, COO  Thomas J Riordan bought 401 shares of TEX stock on 07/13/2009 at the average price of $10.66; the price of the stock has increased by 21.86% since.

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

  • 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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