10-year

10-Year Anniversary Promotion (20% off)

Join GuruFocus Premium Membership Now for Only $279/Year

The largest discount in the last 10 years

Save up to $500 on Global Membership.

Don't Miss It !

Free 7-day Trial
All Articles and Columns »

Weekly CEO Buys Highlight: Optimer Pharmaceuticals Inc, MBIA Inc, Endeavour International Corp, Dana Holding Corp., Anadigics Inc

December 04, 2009 | About:
guruyt

guruyt

4 followers
Last week’s top five stocks that were bought by their CEOs were Optimer Pharmaceuticals Inc, MBIA Inc, Endeavour International Corp, DANA HOLDING CORP, and ANADIGICS Inc. According to GuruFocus Insider Data, these are the largest CEO buys during the past week.

Optimer Pharmaceuticals Inc. (OPTR): CEO and President Michael N Chang Bought 15,000 Shares

CEO and President of Optimer Pharmaceuticals Inc. (OPTR) Michael N Chang bought 15,000 shares on 11/25/2009 at an average price of $11.15. OPTIMER PHARMACEUTICALS, INC. is a biopharmaceutical company focused on discovering, developing & commercializing innovative anti-infective products for the treatment of serious infections. Optimer has a market cap of $369 million; its

Optimer recently reported its third quarter results. The company reported financial results for the third quarter ended September 30, 2009. Optimer reported a net loss for the third quarter of 2009 of $9.4 million, or $0.28 per share, which was in line with the Company's expectations. This compares to a net loss for the third quarter of 2008 of $9.2 million, or $0.31 per share. Research and development expenses in the third quarter of 2009 were $7.2 million, compared to $7.9 million in the third quarter of 2008. shares were traded at around $11.15 with and P/S ratio of 360.8.

Buy:: VP, Clinical Development Youe Kong Shue bought 3,000 shares of OPTR stock on 12/02/2009 at the average price of 10.99, the price of the stock has increased by 1.46% since.

MBIA Inc. (MBI): Chairman and CEO Joseph W Brown Bought 50,000 Shares

Chairman and CEO of MBIA Inc. (MBI) Joseph W Brown bought 50,000 shares on 11/25/2009 at an average price of $3.69. MBIA Incorporated is engaged in providing financial guaranteeinsurance and investment management and financial services to public finance clients and financial institutions on a global basis. Financial guarantees for municipal bonds, asset-backed and mortgage-backed securities, investor-owned utility bonds, and collateralized obligations of sovereigns, corporations and financial institutions, both in the new issue and secondary markets, are provided through the Company's wholly-owned subsidiary, MBIA Insurance Corporation. Mbia Inc. has a market cap of $767.5 million; its shares were traded at around $3.69 with and P/S ratio of 0.2. Mbia Inc. had an annual average earning growth of 18.9% over the past 10 years.

MBIA recently reported Adjusted Book Value (ABV) per share (a non-GAAP measure) of $39.05 as of September 30, 2009, compared with $40.06 as of December 31, 2008. ABV declined slightly over the first nine months of 2009 as increased credit impairments on insured credit derivatives, other-than-temporary impairments of invested assets and insurance incurred losses outpaced earnings from premiums and investment income.

George Soros bought 46,400 shares in the quarter that ended on 09/30/2009, which is 0.01% of the $4.41 billion portfolio of Soros Fund Management LLC.

Buy:: Executive Vice President Mitchell I Sonkin bought 10,000 shares of MBI stock on 12/02/2009 at the average price of 3.6, the price of the stock has increased by 2.5% since

Endeavour International Corp. (END): Chairman, CEO and President William L Transier Bought 100,000 Shares

Chairman, CEO and President of Endeavour International Corp. (END) William L Transier bought 100,000 shares on 11/30/2009 at an average price of $1.02. ENDEAVOUR INTERNATIONAL CORPORATION is an international oil and gas exploration and production company focused on the acquisition, exploration and development of energy reserves in the North Sea. Endeavour International Corp. has a market cap of $133.1 million; its shares were traded at around $1.02 with a P/E ratio of 6.3 and P/S ratio of 0.5.

END recently reported its third quarter results. The company reported discretionary cash flow for the third quarter of 2009 of $7.6 million and net income (loss), as adjusted, of $(6.4) million. For the nine months ended September 30, 2009, discretionary cash flow was $50.0 million and net income (loss), as adjusted, was $27.5 million. "We continue to make significant progress on our developments in the United Kingdom and build momentum on our initiatives in the United States," said William L. Transier, chairman, chief executive officer and president. "Our third quarter operating results were challenged by planned and unplanned downtime in the North Sea, especially on Goldeneye. We expect the fourth quarter to return to more normal levels."

Sell:: EVP - Operations Carl D Grenz sold 47,774 shares of END stock on 11/03/2009 at the average price of 1.04, the price of the stock has decreased by 1.92% since. Many other insiders have also decreased their positions in the company.

DANA HOLDING CORP (DAN): President & CEO James E Sweetnam Bought 12,000 Shares

President & CEO of DANA HOLDING CORP (DAN) James E Sweetnam bought 12,000 shares during the past week at an average price of $8.24. DANA HOLDING CORP is a world leader in the supply of axles; driveshafts; and structural, sealing, and thermal-management products; as well as genuine service parts. The company's customer base includes virtually every major vehicle and engine manufacturer in the global automotive, commercial vehicle, and off-highway markets. Dana Holding Corp has a market cap of $1.11 billion; its shares were traded at around $8.24 with and P/S ratio of 0.1.

Dana Holding Corp recently reported that it had solid third quarter results for the year. Earnings before interest, taxes, depreciation, amortization, and restructuring (EBITDA) was $101 million, up $7 million from the prior quarter. The improvement was primarily driven by increased production volumes and operational improvements.

Additionally, the company narrowed its third-quarter net loss to $38 million, compared to a loss of $256 million during the same period last year. Third-quarter sales of $1,329 million, while down 31 percent from the same period last year, increased by $139 million compared with the prior quarter. The increase in sales over the past quarter was the result of an improving industry across most segments and regions.

Daniel Loeb bought 1,600,000 shares in the quarter that ended on 09/30/2009, which is 0.87% of the $1.25 billion portfolio of Third Point, LLC. George Soros bought 1,500,000 shares in the quarter that ended on 09/30/2009, which is 0.23% of the $4.41 billion portfolio of Soros Fund Management LLC. John Keeley bought 70,000 shares in the quarter that ended on 09/30/2009, which is 0.01% of the $6.65 billion portfolio of Keeley Fund Management.

Buy:: Director Mark A Schulz bought 6,000 shares of DAN stock on 08/17/2009 at the average price of 4.27, the price of the stock has increased by 92.97% since.

ANADIGICS Inc. (ANAD): President & CEO Mario Rivas Bought 25,000 Shares

President & CEO of ANADIGICS Inc. (ANAD) Mario Rivas bought 25,000 shares on 11/30/2009 at an average price of $3.8. Anadigics Inc. has a market cap of $240.2 million; its shares were traded at around $3.8 with and P/S ratio of 1.1.

Sell:: CFO Thomas C Shields sold 5,878 shares of ANAD stock on 08/03/2009 at the average price of 4.15, the price of the stock has decreased by 8.43% since

For the complete list of stocks that bought by their company CEOs, go to: CEO 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.

» Take a Free Trial of Premium Membership


Rating: 3.1/5 (7 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