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Weekly CEO Buys Highlight: Pharmacyclics Inc, Saul Centers Inc, Charming Shoppes Inc, ProLogis, Excel Trust Inc.

June 27, 2010 | About:
Last week's top five stocks that were bought by their CEOs were Pharmacyclics Inc, Saul Centers Inc, Charming Shoppes Inc, ProLogis, and EXCEL TRUST INC. According to GuruFocus Insider Data, these are the largest CEO buys during the past week.

Pharmacyclics Inc. (PCYC): Chairman and CEO, 10% Owner Robert W Duggan Bought 1,075,268 Shares

Chairman and CEO, 10% Owner of Pharmacyclics Inc. (PCYC) Robert W Duggan bought 1,075,268 shares on 06/21/2010 at an average price of $6.7. Pharmacyclics Inc. is a pharmaceutical company developing products to improve upon therapeutic approaches to cancer, atherosclerosis and retinal disease. Pharmacyclics Inc. has a market cap of $342.1 million; its shares were traded at around $6.7 with and P/S ratio of 2714.7. Pharmacyclics Inc. had an annual average earning growth of 0.1% over the past 5 years.

PCYC recently reported its third quarter 2010 results. Total revenues recognized under GAAP was $2.1 million.

PRIMECAP Management owns 2,306,481 shares as of 03/31/2010, which accounts for 0.02% of the $63.66 billion portfolio of PRIMECAP Management.

Sell: Director Cynthia Bamdad sold 11,550 shares of PCYC stock on 01/20/2010 at the average price of 4.19. The price of the stock has increased by 59.9% since.

Saul Centers Inc. (BFS): CEO, 10% Owner B Francis Saul Ii Bought 65,053 Shares

CEO, 10% Owner of Saul Centers Inc. (BFS) B Francis Saul Ii bought 65,053 shares during the past week at an average price of $41.67. SAUL CENTERS, INC. is a real estate investment trust which is engaged in the management and development of the shopping center business of the Saul Organization. Saul Centers Inc. has a market cap of $759.8 million; its shares were traded at around $41.67 with and P/S ratio of 4.8. The dividend yield of Saul Centers Inc. stocks is 3.4%. Saul Centers Inc. had an annual average earning growth of 0.7% over the past 10 years.

Saul Centers recently reported its first quarter 2010 results. Total revenue increased 10% to $43.6 million, compared with $39.7 million in the first quarter of 2009.

Sell: Sr. Vice President-Leasing Christopher Netter sold 4,000 shares of BFS stock on 04/08/2010 at the average price of 41.42. Christopher Netter owns at least 625 shares after this. The price of the stock has increased by 0.6% since.

Charming Shoppes Inc. (CHRS): President and CEO James P Fogarty Bought 125,000 Shares

President and CEO of Charming Shoppes Inc. (CHRS) James P Fogarty bought 125,000 shares on 06/24/2010 at an average price of $4.07. Charming Shoppes operates women's specialty apparel stores under the names Fashion Bug, Fashion Bug Plus, Catherine's, PS. Charming Shoppes Inc. has a market cap of $471.2 million; its shares were traded at around $4.07 with and P/S ratio of 0.2.

CHRS recently reported its first quarter results. Net sales decreased $33.3 million or 6.2% to $504.8 million, reflecting the impact of 144 net store closings over the previous twelve months, a 2% decrease in comparable store sales, a decrease in the Company's Direct-to-Consumer Segment's sales related to the closing of the Lane Bryant Woman catalog and shoetrader.com in the first half of fiscal year 2009, and a 36% increase in e-commerce sales.

Buy: PRESIDENT - FASHION BUG Jay Levitt bought 25,000 shares of CHRS stock on 06/08/2010 at the average price of 3.83. Jay Levitt owns at least 42,331 shares after this. The price of the stock has increased by 6.27% since.

ProLogis (PLD): CEO Walter C Rakowich Bought 20,000 Shares

CEO of ProLogis (PLD) Walter C Rakowich bought 20,000 shares on 06/25/2010 at an average price of $11.16. ProLogis is a real estate investment trust that operates a global network of industrial distribution facilities. Prologis has a market cap of $5.32 billion; its shares were traded at around $11.16 with a P/E ratio of 17 and P/S ratio of 4.3. The dividend yield of Prologis stocks is 5.3%.

PLD recently reported its first quarter 2010 results. ProLogis reported funds from operations, including significant non-cash items, of $0.01 per diluted share for the first quarter of 2010, compared with $0.90 in the first quarter of 2009. The company reported a net loss of $0.19 per diluted share for the first quarter of 2010, compared with net income of $0.66 for the same period in 2009.

Third Avenue Management owns 1,539,369 shares as of 03/31/2010, which accounts for 0.38% of the $5.36 billion portfolio of Third Avenue Management. Chris Davis owns 38,529 shares as of 03/31/2010, a decrease of 99.29% of from the previous quarter. This position accounts for less than 0.01% of the $64.13 billion portfolio of Davis Selected Advisers.

Buy: CFO William E Sullivan bought 10,000 shares of PLD stock on 06/24/2010 at the average price of 10.76. William E Sullivan owns at least 129,829 shares after this. The price of the stock has increased by 3.72% since.

EXCEL TRUST INC. (EXL): Chairman of the Board / CEO Gary B Sabin Bought 8,000 Shares

Chairman of the Board / CEO of EXCEL TRUST INC. (EXL) Gary B Sabin bought 8,000 shares on 06/24/2010 at an average price of $12.47. Excel Trust, Inc. is a vertically integrated, self-administered, self-managed real estate investment trust (REIT) which owns and operates a real estate portfolio of neighborhood and community shopping centers. Excel Trust Inc. has a market cap of $195.3 million; its shares were traded at around $12.47 .

Buy: Director Robert E Jr Parsons bought 3,000 shares of EXL stock on 04/30/2010 at the average price of 13. Robert E Jr Parsons owns at least 10,143 shares after this. The price of the stock has decreased by 4.08% since.

About the author:

guruyt
Above Average Odds: The author is a co-managing partner of a Kansas City based value investment firm, and runs separately managed accounts and a private investment partnership modeled on the original Buffett partnership from the 1950’s. His investment blog Above Average Odds Investing is dedicated to the premise that there is a “better way” for the average investor to protect and grow their wealth over time. Contact the author at: aboveaverageodds@gmail.com”

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