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Weekly CEO Buys Highlight: The Directv Group Inc, Wonder Auto Technology Inc, Clearwater Paper CP, Chimera Investment Corp, Comtech Group Inc.

Thomas Brown

guruyt

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Last week’s top five stocks that were bought by their CEOs were The Directv Group Inc, Wonder Auto Technology Inc, CLEARWATER PAPER CP, CHIMERA INVESTMENT CORP COMMON STOCK, and Comtech Group Inc. According to GuruFocus Insider Data, these are the largest CEO buys during the past week.

The Directv Group Inc. (DTV): President and CEO Michael D White Bought 59,400 Shares

President and CEO of The Directv Group Inc. (DTV) Michael D White bought 59,400 shares on 02/24/2010 at an average price of $33.85. DIRECTV Class A is a provider of digital multichannel television entertainment, broadband satellite networks and services, and global video and data broadcasting in the United States and Latin America. The Directv Group Inc. has a market cap of $32.39 billion; its shares were traded at around $33.85 with a P/E ratio of 23.3 and P/S ratio of 1.5. The Directv Group Inc. had an annual average earning growth of 12.7% over the past 10 years.

Directv recently reported its full year 2009 results. Fourth quarter 2009 consolidated revenues increased 13% to $5.98 billion, operating profit before depreciation and amortization1 increased 22% to $1.49 billion while operating profit increased 49% to $862 million compared to last year's fourth quarter. Fourth quarter net income attributable to DIRECTV declined to a loss of $32 million while earnings per share fell to a loss of $0.03 compared with the same period last year.

Seth Klarman bought 1,617,471 shares in the quarter that ended on 12/31/2009, which is 3.98% of the $1.36 billion portfolio of The Baupost Group. 3 other gurus also initiated their positions in the company. 5 Gurus Increased Positions in DTV, while 1 reduced their positions.

Sell:: EVP and CFO Patrick T Doyle sold 14,890 shares of DTV stock on 02/24/2010 at the average price of 33.76, the price of the stock has increased by 0.27% since. There are mixed trades from other insiders.

Wonder Auto Technology Inc. (WATG): CEO and President, 10% Owner Qingjie Zhao Bought 126,787 Shares

CEO and President, 10% Owner of Wonder Auto Technology Inc. (WATG) Qingjie Zhao bought 126,787 shares on 02/24/2010 at an average price of $9.835. WONDER AUTO TECHNOLOGY, INC., which is located in Liaoning, China, owning five subsidiaries at present, two of them are under construction. Wonder Auto Technology Inc. has a market cap of $324.1 million; its shares were traded at around $9.835 with a P/E ratio of 12.1 and P/S ratio of 1.5.

Clearwater Paper CP (CLW): President & CEO Gordon L Jones Bought 4,200 Shares

President & CEO of CLEARWATER PAPER CP (CLW) Gordon L Jones bought 4,200 shares on 02/22/2010 at an average price of $48.26. Clearwater Paper,a standalone company,produces pulp and paperboard at six facilities across the country namely Lewiston, Idaho; Las Vegas, Nev. Clearwater Paper Cp has a market cap of $548.6 million; its shares were traded at around $48.26 with a P/E ratio of 8.6 and P/S ratio of 0.4.

Clearwater Paper recently reported its full year and 4th quarter 2009 results. The company annoucned that its net earnings for the fourth quarter of 2009 were $47.2 million, or $4.01 per diluted common share, compared to net earnings of $1.7 million, or $0.15 per diluted common share, for the fourth quarter of 2008. Net earnings for the fourth quarter of 2009, excluding $47.1 million of pre-tax income from alternative fuel mixture tax credits, were $17.4 million, or $1.48 per diluted common share.

"Results for the fourth quarter were once again very strong, driven primarily by our Consumer Products business and continued solid performance in our Pulp and Paperboard segment," said Gordon Jones, president and chief executive officer. "We are also pleased to announce that we are moving forward with the expansion of our tissue business, by building additional converting capacity on the East Coast."

John Keeley owns 510,840 shares as of 12/31/2009, which accounts for 0.42% of the $6.63 billion portfolio of Keeley Fund Management.

Buy:: VP, Finance & CFO Linda K Massman bought 1,050 shares of CLW stock on 02/22/2010 at the average price of 47.78, the price of the stock has increased by 1% since.

Chimera Investment Corp. (CIM): CEO, President and Director Matthew Lambiase Bought 40,000 Shares

CEO, President and Director of CHIMERA INVESTMENT CORP COMMON STOCK (CIM) Matthew Lambiase bought 40,000 shares on 02/25/2010 at an average price of $4. Chimera Investment Corporation are a newly-formed specialty finance company that will invest in residential mortgage loans, residential mortgage-backed securities, real estate-related securities and various other asset classes and intends to elect and qualify to be taxed as a real estate investment trust, or REIT, for federal income tax purposes. Chimera Investment Corp Common Stock has a market cap of $2.68 billion; its shares were traded at around $4 with a P/E ratio of 8.6 and P/S ratio of 59.9. The dividend yield of Chimera Investment Corp Common Stock stocks is 16.9%.

Chimera Investment Corp recently reported strong fourth quarter and full year 2009 results. The company announced that its Core Earnings for the quarter ended December 31, 2009 was $80.7 million or $0.12 per average share as compared to Core Earnings for the quarter ended December 31, 2008, of $9.0 million or $0.07 per average share and Core Earnings for the quarter ended September 30, 2009, of $85.9 million or $0.13 per average share.

George Soros owns 25,800 shares as of 12/31/2009, a decrease of 34.85% of from the previous quarter. This position accounts for less than 0.01% of the $6.95 billion portfolio of Soros Fund Management LLC. Arnold Schneider owns 12,775 shares as of 12/31/2009, a decrease of 97.37% of from the previous quarter. This position accounts for less than 0.01% of the $1.83 billion portfolio of Schneider Capital Management. 1 guru sold out their position in the company.

Buy:: Director Mark Abrams bought 10,000 shares of CIM stock on 02/22/2010 at the average price of 3.57, the price of the stock has increased by 12.04% since. Other insiders have also increased their positions in the company.

Comtech Group Inc. (COGO): CEO, 10% Owner Jingwei Kang Bought 10,000 Shares

CEO, 10% Owner of Comtech Group Inc. (COGO) Jingwei Kang bought 10,000 shares on 02/25/2010 at an average price of $7.04. COGO GROUP INC. is a provider of customized module and subsystem design solutions in China. Comtech Group Inc. has a market cap of $254.4 million; its shares were traded at around $7.04 with a P/E ratio of 18 and P/S ratio of 0.9.

Buy:: 10% Owner Global Investment Ltd. Comtech bought 10,000 shares of COGO stock on 02/25/2010 at the average price of 7.13, the price of the stock has decreased by 1.26% since.

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


Rating: 2.5/5 (2 votes)

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