Weekly CFO Buys: FCAL, VOXX, TUES, OILT, HAS

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Jul 25, 2011
According to GuruFocus Insider Data, these are the largest CFO buys during the past week: First California Financial Group Inc. (FCAL, Financial), Audiovox Corp. (VOXX, Financial), Tuesday Morning Corp. (TUES, Financial), Oiltanking Beaumont Partners L.P. (OILT, Financial) and Hasbro Inc. (HAS, Financial).


First California Financial Group Inc. (FCAL): Senior Vice President, COO and CFO Romolo Santarosa Bought 180,000 Shares


Senior Executive Vice President, COO and CFO of First California Financial Group Inc., Romolo Santarosa bought 180,000 shares on 7/20/2011 at an average price of $3.75. First California Financial Group Inc. has a market cap of $108.2 million; its shares were traded at around $3.81 with a P/E ratio of 6.6 and P/S ratio of 1.6.


On April 28, First California Financial Group Inc. reported first quarter net income of $15.6 million, up significantly from $117,000 for the same period a year ago. Net income available to common shareholders was $15.3 million or $0.54 per diluted share compared to a net loss available to common shareholders of $196,000 or $0.02 per share for the 2010 first quarter. Preferred dividends were $312,500 for both the first quarter of 2011 and 2010.


This month, President and CEO Chong Guk Kum, Senior Executive Vice President, COO and CFO Romolo Santarosa, Executive Vice President of Business Banking Division Manager Donald W. Macaulay, Executive Vice President, Chief Credit Officer William A. Schack, and Executive Vice President Edmond Russell Sahakian bought shares of FCAL stock.


Audiovox Corp. (VOXX): Executive Vice President, CFO, Treasurer and Assistant Secretary of KGI Frederick L. Farrar Bought 10,000 Shares


Executive Vice President, CFO, Treasurer and Assistant Secretary of KGI of Audiovox Corp., Frederick L. Farrar, bought 10,000 shares on 07/15/2011 at an average price of $7.58. Audiovox Corporation generally markets its products under the well-recognized Audiovox brand name. Audiovox Corp. has a market cap of $159.6 million; its shares were traded at around $7.67 with a P/E ratio of 7 and P/S ratio of 0.3.


On July 11, Audiovox Corporation announced results for its fiscal 2012 first quarter ended May 31, 2011. Net sales for the fiscal 2012 first quarter were $165.3 million, an increase of 26.9% compared to net sales of $130.3 million reported in the comparable year ago period. Electronics sales for the fiscal 2012 first quarter were $132.3 million compared to $94.5 million in the comparable year ago period, an increase of $37.8 million or 40.0%.


This month, Executive Vice President, CFO, Treasurer and Assistant Secretary of KGI Frederick L. Farrar bought 10,000 shares of VOXX stock.


Tuesday Morning Corp. (TUES): CFO Stephanie Bowman Bought 10,000 Shares


CFO of Tuesday Morning Corp. Stephanie Bowman bought 10,000 shares on 7/19/2011 at an average price of $4.03. Tuesday Morning Corp. is a closeout retailer of upscale home furnishings, gifts and related items in the United States. Tuesday Morning Corp. has a market cap of $189.2 million; its shares were traded at around $4.39 with a P/E ratio of 15.2 and P/S ratio of 0.2. Tuesday Morning Corp. had an annual average earnings growth of 0.1% over the past five years.


On July 13, Tuesday Morning Corporation reported net sales for the fourth quarter ended June 30, 2011, were $194.8 million compared to $200.8 million for the quarter ended June 30, 2010, a decrease of 3.0%. Comparable store sales for the quarter ended June 30, 2011, decreased by 4.5% compared to the same period last year, which was comprised of a 5.4% decrease in traffic and a 0.9% increase in ticket. For the fiscal year ended June 30, 2011, net sales were $821.2 million compared to $828.3 million for fiscal 2010. Comparable store sales for the fiscal year ended June 30, 2011, decreased 1.2% compared to fiscal 2010.


This month, CEO Kathleen Mason sold 14,501 shares of TUES stock. CFO Stephanie Bowman and COO Michael J. Marchetti bought shares this month.


Oiltanking Beaumont Partners L.P. (OILT): CFO Kenneth F. Owen Bought 7,500 Shares


CFO of Oiltanking Partners Kenneth F. Owen bought 7,500 shares on 7/19/2011 at an average price of $21.5. Oiltanking Beaumont offers a flexible third-party terminal in the midst of the Beaumont/Port Arthur industrial complex. Surrounded by major refineries and petrochemical plants, this deepwater facility presents terminaling opportunities for crude oil, fuel oil, VGO, clean petroleum products and bulk chemicals. Oiltanking Beaumont's combination of marine facilities and pipeline connections offer customers unique redelivery options.


This month, President, CEO and Chairman Carlin G. Conner, CFO Kenneth F. Owen, Vice President of Marketing and Sales Robert J. Mccall, Controller Donna Y. Hymel, Director David L. Griffis, Vice President of Operations Kevin L. Campbell, and Vice President of Corporate Affairs Jan P. Vogel bought shares of OILT stock.


Hasbro Inc. (HAS): Senior Vice President and CFO Deborah Thomas Bought 5,000 Shares


Senior Vice President and CFO of Hasbro Inc. Deborah Thomas bought 5,000 shares on 7/20/2011 at an average price of $39.5. Hasbro Inc. is a worldwide leader in children's and family leisure time and entertainment products and services, including the design, manufacture and marketing of games and toys ranging from traditional to high-tech. Hasbro Inc. has a market cap of $5.52 billion; its shares were traded at around $40.5 with a P/E ratio of 15.6 and P/S ratio of 1.3. The dividend yield of Hasbro Inc. stocks is 2.9%. Hasbro Inc. had an annual average earnings growth of 6.9% over the past 10 years.


On July 18, Hasbro Inc. reported revenue and earnings growth for the second quarter 2011. The Company reported 23% net revenues growth to $908.5 million compared to $737.8 million in the second quarter 2010. Second-quarter 2011 net revenues include a positive $35.8 million impact of foreign exchange. The company reported net earnings for the second quarter 2011 of $58.1 million or $0.42 per diluted share compared to $43.6 million or $0.29 per diluted share in 2010. Second quarter 2011 net earnings were $0.33 per diluted share.


This month, President and CEO Brian Goldner and Senior Vice President and CFO Deborah Thomas bought shares of HAS stock. Director Jack M. Greenberg sold 4,655 shares in May.


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