Weekly Top Insider Buys: Best Buy Co. Inc., Associated BancCorp, A. Schulman Inc., and Sonic Corp.

Weekly Top Insider Buys: BBY, ASBC, SHLM, SONC

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Jan 18, 2010
Weekly highlight of top insider buys: Best Buy Co. Inc. (BBY, Financial), Associated BancCorp (ASBC, Financial), A. Schulman Inc. (SHLM, Financial), and Sonic Corp. (SONC, Financial).



Director of Best Buy Co. Inc., George Lawrence, Mikan III bought 2,000 shares on 1/12/2010 at an average price of $38.93.

Best Buy operates in a single business segment, selling personal computers and other home office products, consumer electronics, entertainment software, major appliances and related accessories principally through its retail stores. Buy Co. Inc. has a market cap of $16.22 billion; its shares were traded at around $38.93 with a P/E ratio of 13.29 and P/S ratio of 0.36. The dividend yield of Best Buy Co. Inc. stocks is 1.44%. Best Buy Co. Inc. had an annual average earning growth of 24% over the past 10 years. GuruFocus rated Best Buy Co. Inc. the business predictability rank of 4.5-star.



On Jan. 8, Best Buy Co., Inc. reported from the Consumer Electronics Show that revenue for the fiscal month of December ended Jan. 2, 2010, increased 13 percent to $8.5 billion. The revenue for the five-week period compared with $7.5 billion in revenue for the five-week period ended Jan. 3, 2009. The revenue gain was due primarily to a comparable store sales increase of 8.2 percent, the addition of new stores in the past 12 months and the favorable impact of fluctuations in foreign currency exchange rates.



Best Buy Co. Inc. is owned by nine Gurus: Ken Heebner, George Soros, John Hussman, Mark Hillman, PRIMECAP Management, David Dreman, Bill Nygren, Arnold Schneider, and Richard Aster Jr.

Last week, Buy:: Director George Lawrence Mikan III bought 2,000 shares of BBY stock.Buy:: Director Gerard R Vittecoq,



Associated BancCorp (ASBC): Director Richard T Lommen Bought 40,000 Shares

Director of Associated BancCorp, Richard T Lommen, bought 40,000 shares on 1/11/2010 at an average price of $12.33.

Associated Banc-Corp is a diversified multibank holding company. The company offers a full range of traditional banking services. Associated Banccorp has a market cap of $1.58 billion; its shares were traded at around $12.33 with and P/S ratio of 1.18. The dividend yield of Associated Banccorp stocks is 1.62%. Associated Banccorp had an annual average earning growth of 5.6% over the past 10 years.

Associated BancCorp reported results for the fourth quarter of 2009 on January 11. Net loss to common shareholders was $180.6 million, or $1.41 per common share, for the fourth quarter of 2009 compared to net income of $13.6 million, or $0.11 per common share, for the fourth quarter of 2008.



Associated BancCorp is owned by one Guru: Arnold Schneider bought 10,000 shares in the quarter that ended on 9/30/2009, which is 0.01% of the $1.81 billion portfolio of Schneider Capital Management.



Last week, Buy:: President & CEO Philip B Flynn, Buy:: Executive Vice President & Mark J Mcmullen, Buy:: Director Richard T Lommen, Buy:: Director John C Meng, Buy:: Director John C Seramur and Buy:: Executive Vice President David L Stein all bought shares. The price has increased over 10% since.

A. Schulman Inc. (SHLM): Director Stanley W Silverman Bought 2,265 Shares

Director of A. Schulman Inc., Stanley W Silverman, bought 2,265 shares on 1/12/10 at an average price of $23.07.

Schulman Inc. operates in one industry segment which is the sale of plastic resins to customers who use the products as raw materials in their manufacturing operations. The Company purchases plastic resins andother materials which either can be sold directly to customers or used by the Company in the manufacture of other products for sale to customers. All of the products which the Company sells are used for the same purpose--as raw material to be molded or extruded by the Company's customers. A. Schulman Inc. has a market cap of $601.99 million; its shares were traded at around $23.07 with a P/E ratio of 24.28 and P/S ratio of 0.47. The dividend yield of A. Schulman Inc. stocks is 2.6%. A. Schulman Inc. had an annual average earning growth of 2.5% over the past 5 years.



On January 6, A. Schulman, Inc. announced strong earnings for the fiscal 2010 first quarter ended November 30, 2009, compared with the first quarter of fiscal 2009. Reported net income for the first quarter was $17.0 million or $0.65 per diluted share, compared with net income of $8.2 million or $0.31 per diluted share for the comparable period last year.



A. Schulman Inc. is owned by one Guru- Arnold Schneider owns 252,805 shares as of 9/30/2009, a decrease of 28.7% of from the previous quarter. This position accounts for 0.28% of the $1.81 billion portfolio of Schneider Capital Management.



Last week, Buy:: CEO Joseph M Gingo, Buy:: VP-Finance and CFO Paul F Desantis, and Buy:: Director Stanley W Silverman bought shares of SHLM; the price has increased over 4% since.



Sonic Corp. (SONC): Director Douglas N Benham Bought 2,500 Shares

Director of Sonic Corp., Douglas N Benham, bought 2,500 shares on 1/13/10 at an average price of $8.8.

Sonic Corp. operates and franchises one of the largest chain of drive-in restaurants in the United States. Sonic restaurants offer made-to-order hamburgers and other sandwiches and feature Sonic signature items. Sonic Corp. has a market cap of $537.5 million; its shares were traded at around $8.8 with a P/E ratio of 12.39 and P/S ratio of 0.75. Sonic Corp. had an annual average earning growth of 14.6% over the past 10 years. GuruFocus rated Sonic Corp. the business predictability rank of 5-star.

On October 20, Sonic Corp. announced results for the fourth quarter ended August 31, 2009. Key aspects of the company's fourth quarter report included net income per diluted share for the quarter totaled $0.28 versus $0.33 in the year-earlier quarter.



Sonic Corp. is owned by two Gurus: Ron Baron of Baron Funds and John Hussman of Hussman Economtrics Advisors, Inc.

Last week, Buy:: Director Douglas N Benham bought 2,500 shares of SONC stock. Sell:: Vice President Sharon T Strickland sold shares in September; the price increased by 10%.

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