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Weekly Top Insider Buys: CVS Caremark Corp., Hormel Foods Corp., Investors Real Estate Trust, and Cogent Communications Group Inc.

January 10, 2010 | About:
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gururk

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Weekly highlight of top insider buys: CVS Caremark Corp. (CVS), Hormel Foods Corp. (HRL), Investors Real Estate Trust (IRET), and Cogent Communications Group Inc. Cogent (CCOI).



CVS Caremark Corp. (CVS): President, Caremark Pharm Serv Per Gh Lofberg Bought 45,483 Shares



President, Caremark Pharm Serv of CVS Caremark Corp., Per Gh Lofberg, bought 45,483 shares on 1/04/10 at an average price of $34.

CVS Caremark is an integrated pharmacy services provider, combining one of the nation's leading pharmaceutical services companies with the country's largest pharmacy chain. CVS Caremark Corp. has a market cap of $47.96 billion; its shares were traded at around $34 with a P/E ratio of 13.33 and P/S ratio of 0.55. The dividend yield of CVS Caremark Corp. stocks is 0.9%. CVS Caremark Corp. had an annual average earning growth of 10.5% over the past 10 years. GuruFocus rated CVS Caremark Corp. the business predictability rank of 4-star.

On Nov. 5, CVS Caremark Corporation announced results for the third quarter of 2009. Net revenues for the third quarter of 2009, increased $3.8 billion to $24.6 billion, up from $20.9 billion during the third quarter of 2008. Income from continuing operations for the third quarter ended September 30, 2009, increased 25.0% to $1.0 billion, compared with income from continuing operations of $818.8 million during the third quarter of 2008.

CVS Caremark Corp. is the portfolios of eight Gurus: Lee Ainslie, George Soros, NWQ Managers, Andreas Halvorsen, Chris Davis, John Keeley, Ruane Cunniff, and Ken Heebner.



Buy:: CEO & President Thomas M Ryan bought 17,000 shares of CVS stock in November; the price has risen over 13% since. Sell:: CFO David B Rickard sold 80,000 shares last month. Last week, Buy:: President, Caremark Pharm Serv Per Gh Lofberg bought 45,483 shares and the price has increased over 3%. Buy:: Director Kristen Gibney Williams bought 1,000 shares of CVS stock on 11/12/2009 at the average price of 30, the price of the stock has increased by 13.33% since.Sell:: President, Caremark Pharm Serv Howard A Mclure has been selling shares since September.



Hormel Foods Corp. (HRL): Vice President Donald H Kremin Bought 2,246 Shares

Vice President of Hormel Foods Corp., Donald H Kremin, bought 2,246 shares on 1/06/10 at an average price of $38.09.

Hormel Foods Corporation is a manufacturer and marketer of consumer-branded meat and food products, many of which are among the best known and trusted in the food industry. Hormel Foods Corp. has a market cap of $5.09 billion; its shares were traded at around $38.09 with a P/E ratio of 15.06 and P/S ratio of 0.78. The dividend yield of Hormel Foods Corp. stocks is 2%. Hormel Foods Corp. had an annual average earning growth of 11.6% over the past 10 years. GuruFocus rated Hormel Foods Corp. the business predictability rank of 5-star.



On Nov 24, Hormel Foods Corp. reported its performance for the fiscal year 2009 fourth quarter. Diluted EPS was $.77, up 54 percent from $.50 per share in 2008 Net Interest and Investment Income was up $22.9 million from 2008


Last week, Buy:: Vice President Donald H Kremin bought 2,246 shares of HRL stock on 01/06/2010 at the average price of 38.27, the price of the stock has decreased by 0.47% since. In December, Buy:: Vice President Phillip L Minerich and Buy:: Vice President David P Juhlke bought shares. Buy:: Vice President Deanna T Brady bought shares in September and Buy:: V.P. & Controller James N Sheehan bought shares in August.



Investors Real Estate Trust (IRET): Director John T Reed Bought 1,098 Shares

Director of Investors Real Estate Trust, John T Reed, bought 1,098 shares on 1/05/10 at an average price of $8.58.

Investors Real Estate Trust is a real estate investment trust operating in the Midwest. Investors Real Estate Trust has a market cap of $630.94 million; its shares were traded at around $8.58 with and P/S ratio of 2.63. The dividend yield of Investors Real Estate Trust stocks is 8%.

On December 10, Investors Real Estate Trust reported financial and operating results today for the quarter and year-to-date ended October 31, 2009. Revenues were flat at $59.6 million. Net income available to common shareholders, as computed under generally accepted accounting principles, was approximately $308,000 compared to $1.9 million.



Last week, Buy:: Director John T Reed, Buy:: Director W David Scott, Buy:: SVP-Commercial Asset Mgmt Charles A Greenberg, Buy:: Director Stephen Stenehjem and Buy:: Director Charles W Morgan bought shares of IRET stock.



Cogent Communications Group Inc. Cogent (CCOI): Director Erel N Margalit Bought 7,140 Shares



Director of Cogent Communications Group Inc. Cogent, Erel N Margalit, bought 7,140 shares on 1/06/10 at an average price of $10.72.

Cogent Communications Group, Inc. is a facilities-based Internet service provider providing high-speed Internet access to businesses. Cogent currently serves selected buildings in major metropolitan markets across the nation and focuses primarily on providing its services to businesses in large office buildings. Cogent Communications Group Inc. Cogent has a market cap of $477.85 million; its shares were traded at around $10.72 with and P/S ratio of 2.22.



On November 9, Cogent Communications Group. Inc. reported results for the third quarter of 2009. Service revenue was $60.2 million – an increase of 3.9% from $58.0 million for Q2 2009 and an increase of 10.3% from $54.6 million for Q3 2008. Operating income was $0.5 million



Sell:: VP, CFO & Treasurer Thaddeus Gerard Weed sold 1,666 shares of CCOI stock last week and has been selling shares since October.



For the complete list of stocks that bought by their company executives, 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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