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Weekly CFO Buys Highlight: Endeavour International Corp., WESCO International Inc., Verizon Communications Inc., Micrel Inc., and Yadkin Valley Financial Corp.

February 13, 2010 | About:
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According to GuruFocus Insider Data, the largest CFO buys during the past week were Endeavour International Corp. (END), WESCO International Inc. (WCC), Verizon Communications Inc. (VZ), Micrel Inc. (MCRL), and Yadkin Valley Financial Corp. (YAVY).

Executive VP and CFO of Endeavour International Corp. (END) J Michael Kirksey bought 50,000 shares on 02/09/2010 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 $149.6 million; its shares were traded at around $1.14 with a P/E ratio of 7.2 and P/S ratio of 0.5.

Company will host a conference call and webcast to discuss its 2009 year-end and fourth quarter financial and operating results as well as business plans for 2010 on Tuesday, March 9, 2010 at 9 a.m.

Buys were made by Chairman, CEO and President William L Transier, Director Nancy K Quinn, Director John N Seitz, and 10% Owner Qif Plc Smedvig.

Sells were made by EVP - Operations Carl D Grenz, and EVP - Exploration John Glynn Williams.

WESCO International Inc. (WCC): CFO Richard Heyse Bought 10,750 Shares

CFO of WESCO International Inc. (WCC) Richard Heyse bought 10,750 shares on 02/03/2010 at an average price of $28.96. Wesco International, Inc. is a provider of electrical products and other industrial MRO supplies and services in North America. Wesco International Inc. has a market cap of $1.17 billion; its shares were traded at around $27.73 with a P/E ratio of 11.6 and P/S ratio of 0.3. Wesco International Inc. had an annual average earning growth of 40.2% over the past 5 years.

WESCO International, Inc. recently announced its 2009 fourth quarter and full-year financial results. Consolidated net sales were $1,132.7 million compared to $1,429.8 million, a decline of 20.8%, including a 0.7% positive impact from foreign exchange rates. Fourth quarter 2009 consolidated net sales were down 1.7% compared to third quarter 2009 levels. Net income for the quarter was $21.8 million compared to $39.7 million.

WCC is in the portfolios of Ronald Muhlenkamp of Muhlenkamp Fund, Richard Snow of Snow Capital Management, L.P., John Buckingham of Al Frank Asset Management, Inc., John Buckingham of Al Frank Asset Management, Inc., NWQ Managers of NWQ Investment Management Co, Jeremy Grantham of GMO LLC.

Sells were made by VP, Treasurer & Investor Rel. Daniel A Brailer and SENIOR VICE PRESIDENT & COO Oss Stephen A Van

Verizon Communications Inc. (VZ): EVP and CFO John F Killian Bought 7,500 Shares

EVP and CFO of Verizon Communications Inc. (VZ) John F Killian bought 7,500 shares on 02/04/2010 at an average price of $28.94. Verizon Communications, formed by the merger of Bell Atlantic and GTE, is one of the world's providers of high-growth communications services. Verizon Communications Inc. has a market cap of $82.18 billion; its shares were traded at around $28.93 with a P/E ratio of 12.2 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.

Verizon Communications Inc. reported continued strong cash flow in the fourth quarter 2009, fueled by quarterly growth in strategic areas. For 2009, annual operating revenues totaled $107.8 billion, an increase of 10.7 percent from 2008 on a reported basis and 1.5 percent on a pro forma basis.

VZ is in the portfolios of Mark Hillman, George Soros, Charles Brandes, NWQ Managers, Brian Rogers and many other investment Gurus.

Buys were made by EVP and Pres. & CEO - VZW JV Lowell C Mcadam and EVP and CFO John F Killian.

Micrel Inc. (MCRL): VP Finance and CFO Ray Wallin Bought 7,500 Shares

VP Finance and CFO of Micrel Inc. (MCRL) Ray Wallin bought 7,500 shares on 02/05/2010 at an average price of $7.42. Micrel Inc., is a global manufacturer of IC solutions for the worldwide analog, Ethernet and high bandwidth markets. Micrel Inc. has a market cap of $512.3 million; its shares were traded at around $8.22 with a P/E ratio of 26.5 and P/S ratio of 2.4. The dividend yield of Micrel Inc. stocks is 1.8%. Micrel Inc. had an annual average earning growth of 57.7% over the past 5 years.

Micrel, Incorporated recently announced financial results for the fourth quarter and full year ended December 31, 2009. Fourth quarter revenues of $61.2 million increased by $2.4 million, or 4.0%, from $58.9 million in the third quarter of 2009 and were at the high-end of the Company's fourth quarter revenue guidance range, which anticipated a 1% to 5% sequential increase.

MCRL is in the portfolios of Chuck Royce of ROYCE & ASSOCIATES.

Buys were made by VP Finance and CFO Ray Wallin and Co-founder Raymond D Zinn.

Sells were made by VP Quality Richard L Zelenka and VP Analog Business Unit David Schie.

Yadkin Valley Financial Corp. (YAVY): EVP & CFO Jan H Hollar Bought 5,000 Shares

EVP & CFO of Yadkin Valley Financial Corp. (YAVY) Jan H Hollar bought 5,000 shares on 02/05/2010 at an average price of $3.63. Yadkin Valley Bank and Trust Company is a North Carolina state chartered bank, headquartered in Elkin, North Carolina. Yadkin Valley Financial Corp. has a market cap of $59.8 million; its shares were traded at around $3.71 with and P/S ratio of 0.5. Yadkin Valley Financial Corp. had an annual average earning growth of 18.4% over the past 5 years.

Yadkin Valley Financial Corporation announced financial results for the fourth quarter and full year ending December 31, 2009. Net income available to common shareholders for the fourth quarter of 2009 totaled $3.2 million or $0.20 per diluted share. This compares to a net loss of $69.0 million or $4.28 per diluted share in the third quarter of 2009 (excluding the $61.6 million goodwill impairment charge, the third quarter 2009 net loss was $7.4 million or $0.46 per diluted share), and a net loss of $2.6 million or $0.22 per diluted share in the fourth quarter of 2008.

Buys were made by President & CEO William A Long and Director Harry C Spell.

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


Rating: 3.7/5 (3 votes)

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