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Weekly CEO Buys Highlight: Verizon Communications Inc, Endeavour International Corp, Inergy L.P, Fifth Street Finance, Cenveo Inc.

February 06, 2010 | About:
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Last week’s top five stocks that were bought by their CEOs were Verizon Communications Inc, Endeavour International Corp, Inergy L.P, FIFTH STREET FINANCE, and Cenveo Inc. According to GuruFocus Insider Data, these are the largest CEO buys during the past week.

Verizon Communications Inc. (VZ): EVP and Pres. & CEO - VZW JV Lowell C Mcadam Bought 15,000 Shares

EVP and Pres. & CEO - VZW JV of Verizon Communications Inc. (VZ) Lowell C Mcadam bought 15,000 shares on 01/28/2010 at an average price of $28.74. Verizon Communications is one of the world's leading providers of high-growth communications services. It has a market cap of $81.64 billion; its shares were traded at around $28.74 with a P/E ratio of 11.9 and P/S ratio of 0.8. The dividend yield of Verizon Communications Inc. stocks is 6.6%. Verizon Communications Inc. had an annual average earning growth of 2.4% over the past 10 years.

VZ recently reported its fourth quarter results. The company announced that it had continued growth of strong cash flow during the quarter. It recorded a loss of 23 cents in diluted earnings per share (EPS), compared with EPS of 43 cents per share in the fourth quarter 2008. Contributing to the loss was a special item of $3.0 billion in pre-tax costs related to workforce reductions. On an adjusted basis (non-GAAP), fourth-quarter 2009 EPS was 54 cents, compared with 61 cents in the fourth quarter 2008.

George Soros has recently increased his positions in the company. 8 others left their positions unchanged or slightly adjusted. Tweedy Browne sold out his holdings in the quarter that ended on 09/30/2009.

Buy:: EVP and CFO John F Killian bought 7,500 shares of VZ stock on 02/04/2010 at the average price of 28.94, the price of the stock has decreased by 0.69% since.

Endeavour International Corp. (END): Chairman, CEO and President William L Transier Bought 450,000 Shares

Chairman, CEO and President of Endeavour International Corp. (END) William L Transier bought 450,000 shares on 02/04/2010 at an average price of $1. 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 $131.1 million; its shares were traded at around $1 with a P/E ratio of 6.2 and P/S ratio of 0.6.

Endeavour International Corp 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."

Many insiders, including the company’s CEO, have increased their positions in the company.

Inergy L.P. (NRGY): President/CEO John J Sherman Bought 10,000 Shares

President/CEO of Inergy L.P. (NRGY) John J Sherman bought 10,000 shares on 02/04/2010 at an average price of $33.98. Inergy, L.P. owns and operates a retail and wholesale propane marketing and distribution business. The company has a market cap of $2.03 billion; its shares were traded at around $33.98 with a P/E ratio of 27.2 and P/S ratio of 1.3. The dividend yield of Inergy L.p. stocks is 7.9%. Inergy L.p. had an annual average earning growth of 7.5% over the past 5 years.

Inergy recently reported solid first quarter 2010 results. The company reported Adjusted EBITDA of $106.3 million for the quarter ended December 31, 2009, an increase of $4.3 million, or approximately 4% from $102.0 million for the quarter ended December 31, 2008. Net income attributable to controlling partners, excluding certain items as discussed below, was $46.0 million for the quarter ended December 31, 2009, or $0.49 per diluted limited partner unit, and $58.3 million or $0.92 per diluted limited partner unit in the same quarter of last year.

Jean-Marie Eveillard bought 10,000 shares in the quarter that ended on 09/30/2009, which is less than 0.01% of the $10.76 billion portfolio of Arnhold & S. Bleichroeder Advisers, LLC.

Sell:: SVP MIDSTREAM OPERATIONS William R. Moler sold 5,000 shares of NRGY stock on 09/14/2009 at the average price of 28.21, the price of the stock has increased by 20.45% since.

Fifth Street Finance (FSC): CEO & President Leonard M Tannenbaum Bought 25,000 Shares

CEO & President of FIFTH STREET FINANCE (FSC) Leonard M Tannenbaum bought 25,000 shares on 01/27/2010 at an average price of $10.59. FIFTH STREET FINANCE CORP. is a specialty finance company that lends to and invests in small and mid-sized companies in connection with an investment by private equity sponsors. Fifth Street Finance has a market cap of $401 million; its shares were traded at around $10.59 with a P/E ratio of 8.2 and P/S ratio of 8. The dividend yield of Fifth Street Finance stocks is 10.1%.

David Einhorn owns 2,284,492 shares as of 09/30/2009, which accounts for 0.96% of the $2.6 billion portfolio of Greenlight Capital Inc.

Buy:: CCO, Exec. V.P.& Sec Bernard D Berman bought 1,000 shares of FSC stock on 12/16/2009 at the average price of 10.25, the price of the stock has increased by 3.32% since. Other insiders have also increased their positions in the company.

Cenveo Inc. (CVO): Chairman and CEO Robert G Sr Burton Bought 25,000 Shares

Chairman and CEO of Cenveo Inc. (CVO) Robert G Sr Burton bought 25,000 shares on 02/03/2010 at an average price of $6.87. Cenveo, Inc. is a provider of visual communications with one-stop services from design through fulfillment. It has a market cap of $426.1 million; its shares were traded at around $6.87 with a P/E ratio of 10.6 and P/S ratio of 0.2. Cenveo Inc. had an annual average earning growth of 13.5% over the past 5 years.

Cenveo recently reported its third quarter results and gave its fourth quarter guidance. For the three months ended October 3, 2009, net sales were $448.0 million, as compared to $522.7 million for the same period in the previous year. For the three months ended October 3, 2009, the Company reported net income of $1.1 million, or $0.02 per share, as compared to net income of $12.3 million, or $0.23 per share, for the three months ended September 27, 2008. On a Non-GAAP basis, income from continuing operations was $9.9 million, or $0.18 per diluted share for the three months ended October 3, 2009.

Buy:: President, Cadmus Publ Svs Grp Harry Vinson bought 3,000 shares of CVO stock on 02/04/2010 at the average price of 6.78, the price of the stock has increased by 1.33% since. Other insiders have also increased their positions in the company.

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.

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