Weekly CFO Buys Highlight: IMUN, WBS, CY, VOXX, EMMS

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Oct 29, 2012
According to GuruFocus Insider Data, these are the largest CFO buys during the past week. The overall trend of CFOs is illustrated in the chart below:



Immunovative Inc. (IMUN, Financial): CFO Bruce Harmon Bought 25,000 Shares

CFO of Immunovative Inc. (IMUN) Bruce Harmon bought 25,000 shares on 10/18/2012 at an average price of $0.25.

CEO Seth M. Shaw and CFO Bruce Harmon bought shares of IMUN stock.

Webster Financial Corp. (WBS, Financial): Executive Vice President and CFO Glenn I. Macinnes Bought 5,000 Shares

Executive Vice President and CFO of Webster Financial Corp. (WBS) Glenn I Macinnes bought 5,000 shares on 10/19/2012 at an average price of $21.83. Webster Financial Corp. is a multiple bank holding company which, thru its subsidiary, is engaged primarily in the business attracting deposits from the general public and investing these funds in loans for the purchase, construction or refinancing of one-to-four family homes. Webster Financial Corp. has a market cap of $1.94 billion; its shares were traded at around $22.08 with a P/E ratio of 12.47 and P/S ratio of 2.21. The dividend yield of Webster Financial Corp. stocks is 1.81%.

Webster Financial Corp. announced net income available to common shareholders of $44.4 million, or $0.48 per diluted share, for the quarter ended Sept. 30, 2012 compared to $40.6 million, or $0.44 per diluted share, for the quarter ended June 30, 2012 and $41.4 million, or $0.45 per diluted share, for the quarter ended Sept. 30, 2011.

Executive Vice President and CFO Glenn I. Macinnes bought shares of WBS stock.

Chairman and Chief Executive Officer James Copenhaver Smith, Executive Vice President Consumer Lending Nitin J. Mhatre and Director Joel S. Becker sold shares of WBS stock.

Cypress Semiconductor Corporation (CY, Financial): CFO Brad W. Buss Bought 20,000 Shares

CFO of Cypress Semiconductor Corporation (CY) Brad W. Buss bought 20,000 shares on 10/19/2012 at an average price of $9.69. Cypress Semiconductor Corporation designs, develops, manufactures and markets a broad line of high-performance digital and mixed-signal integrated circuits for a range of markets, including data communications, telecommunications, computers and instrumentation systems. Cypress Semiconductor Corporation has a market cap of $1.47 billion; its shares were traded at around $9.89 with a P/E ratio of 34.1 and P/S ratio of 1.48. The dividend yield of Cypress Semiconductor Corporation stocks is 4.45%.

CFO Brad W. Buss, Director J. Donald Sherman and Executive Vice President Dinesh Ramanathan sold shares of CY stock.

VOXX International Corp. (VOXX, Financial): Executive Vice President and CFO for Klipsch Group Inc. Frederick L. Farrar Bought 7,000 Shares

Executive Vice President and CFO for Klipsch Group Inc. of VOXX International Corp (VOXX) Frederick L. Farrar bought 7,000 shares on 10/23/2012 at an average price of $6.04. VOXX International Corp. is engaged in marketing automobile sound, vehicle security, mobile video systems, and consumer electronics products. Voxx International Corp. has a market cap of $129.57 million; its shares were traded at around $6.12 with a P/E ratio of 5.19 and P/S ratio of 0.18.

VOXX International Corp. announced financial results for its fiscal 2013 second quarter ended Aug. 31, 2012. Net sales for the fiscal 2013 second quarter were $191.7 million, an increase of 21.1% compared to net sales of $158.3 million in the comparable year ago period. Net income for the quarter ended Aug. 31, 2012 was $3.7 million or net income per diluted share of $0.16 as compared to net income of $3.4 million and net income per diluted share of $0.15 for the period ended Aug. 31, 2011.

Executive Vice President and CFO for Klipsch Group Inc. Frederick L. Farrar bought shares of VOXX stock.

Director, 10% Owner John J. Shalam and Senior Vice President Thomas Malone sold shares of VOXX stock.

Emmis Communications Corp. (EMMS, Financial): Executive Vice President, COO and CFO Patrick M. Walsh Bought 5,500 Shares

Executive Vice President, COO and CFO of Emmis Communications Corp. (EMMS) Patrick M. Walsh bought 5,500 shares on 10/25/2012 at an average price of $1.96. Emmis Communications Corp. is a diversified media company with radio broadcasting and magazine publishing operations and pending approval from the FCC, television broadcasting operations. Emmis Communications Corp. has a market cap of $74.44 million; its shares were traded at around $1.91 with and P/S ratio of 0.32.

Emmis Communications Corp. announced results for its second fiscal quarter ending August 31, 2012. Net revenue for the second fiscal quarter increased 1 percent, from $54.4 million to $55.0 million. Diluted net income per common share from continuing operations was ($0.08), compared to ($0.15) for the same quarter of the prior year.

Executive Vice President, COO and CFO Patrick M. Walsh, and member of 10% 13(d) group Jeffrey H. Smulyan bought shares of EMMS stock.