Highlight of last week's top CEO buys. Related companies: Chico's FAS Inc. (CHS, Financial), Teleflex Inc. (TFX, Financial), Golden Star Resources Ltd (GSS, Financial), Kronos Worldwide Inc. (KRO, Financial), Secure Computing Corp. (SCUR, Financial).
Chico's FAS Inc. (CHS): Chairman, President and CEO, Director Scott A. Edmonds Bought 100,000 Shares
The shares of Chico’s FAS Inc. (CHS) have been its lowest in the past four years. Although sales increased by 3.5%, the women’s apparel retail chain reported a third quarter loss by 44%. As the November same store sales dropped by 13.7%, profits also dropped to $23.5 million, or $0.13. Chico’s CEO Scott A. Edmonds stated, "We are greatly disappointed with our performance to date. Numerous challenges continue to affect the entire retail sector. It now appears that based on our November sales performance, our fourth quarter earnings could approach the break even level."
Chairman, President and CEO, Director Scott A. Edmonds bought 100,000 shares last week at $10.24. Other insider buys were made between $10.27 and $14.61 by EVP Gary King, Brand President Colaco Donna Noce, and Director David F. Walker—the officers bought 10,000 shares, 1,500 shares, and 1,000 shares, respectively.
In the third quarter, guru Arnold Schneider bought 549,550 shares of CHS stock. Chico's FAS Inc. has a market cap of $1.8 billion; its shares were traded at around $10.47 with P/E ratio of 14.15 and P/S ratio of 1.05.
Teleflex Inc. (TFX): Chairman, President, CEO, Director Jeffrey P. Black Bought 10,000 Shares
Early November, Teleflex Inc. (TFX), a diversified specialty-engineered product provider, publicized their acquisition of Nordisk Aviation Products, an air cargo container manufacturer. For the third quarter, the company revenue has increased by 8%; however, high tax charge from company restructuring gave the company a net loss of $57.0 million or $1.45 per diluted share, compared to net income of $36.0 million or $0.91 per diluted share from the previous year.
Chairman, President, CEO, Director of TFX, Jeffrey P. Black, bought 10,000 shares on 12/06 at $60.50. Director George Jr. Babich bought 1,000 shares and Director Harold L. Yoh III bought 820 shares at $57.74 and $59.37, respectively. A notable sell was made by the President of Aerospace Division, John B. Suddarth—who sold 13,909 shares between $75 and $85.52.
Guru Robert Olstein bought 110,900 shares in the last quarter. Teleflex Inc. has a market cap of $2.36 billion; its shares were traded at around $60.5 with P/E ratio of 19.89 and P/S ratio of 0.86. The dividend yield of Teleflex Inc. stocks is 2.2%.
Golden Star Resources Ltd (GSS): President and CEO, Director Peter J. L. Bradford Bought 100,000 Shares
The gold mining and production company, Golden Star Resources Ltd (GSS), swings into a third quarter net loss of $12.7 million, or $0.054 a share compared to a net income of $1.5 million or $0.007 from the previous year. The increase in gold prices and plant production output was not able to offset the decline in gold sales and rising operating costs. The company planned to offer 3.1 million shares for $0.03 a share on the Ghana Stock Exchange.
President and CEO, Director Peter J. L. Bradford bought 100,000 shares on 12/05 at $3.25. Another large buy was made buy VP and CFO, Tom Mair, who bough 50,000 shares at $3.69 in June. VP of Corporate Development Bruce Higson-smith bought a total of 14,000 shares between $2.88 and $3.18. Lastly, Vice President of Exploration S. Mitchel Wasel bought 3,000 shares at $3.30.
Guru Arnold Schneider bought 5,467,025 shares, and guru Jean-Marie Eveillard sold out all his holdings in the third quarter. Golden Star Resources Ltd has a market cap of $740.34 million; its shares were traded at around $3.25 with P/E ratio of 57.64 and P/S ratio of 5.32.
Kronos Worldwide Inc. (KRO): Chairman of the Board & CEO, Director, 10% Owner Harold C. Simmons Bought 3,000 Shares
The titanium oxide producer, Kronos Worldwide Inc (KRO), posted a third quarter loss of $81.2 million or $1.66, opposed to a profit of $12.2 million or $0.25 in the previous year. Loss was due to a large income tax, fluctuation in foreign currency exchange rates, and the drop in titanium dioxide pigment-price. The company increased prices for titanium oxide in Europe in the second half of this year.
Since 10/30, Chairman of the Board & CEO, Director, Harold C. Simmons have purchased a total of 57,349 shares between $15.58 and $18.15. Also, Director Glenn R. Simmons bought 8,730 shares at $18.43 to $19.49 since September.
Kronos Worldwide Inc. has a market cap of $786.72 million; its shares were traded at around $16.2 with P/S ratio of 0.61. The dividend yield of Kronos Worldwide Inc. stocks is 6.3%.
Secure Computing Corp. (SCUR): Chairman and CEO, Director John Mcnulty Bought 4,500 Shares
Secure Computing Corp. (SCUR), a provider of enterprise gateway security solutions, fell into a third quarter loss of $11 million, or $0.17 compared to a previous third quarter loss of $8.2 million, or $0.14. The rise in operating expense played a major role in the loss, where the company’s expense increased by 25% to $47.9 million from $38.3 million.
Chairman and CEO, Director John Mcnulty bought 4,500 shares of SCUR stock on 12/10 at $9.58. As of June, a slew of insider sells were made between $7.53 and $9.81: Chief Strategy Officer Jagtar Singh Chaudhry sold 250,000 shares; Chief Technology Officer Paul Qantas Judge sold a total of 152,432 shares; Senior VP, Marketing Atri Chatterjee sold 25,000 shares; Senior VP of Worldwide Sales Vince Schiavo sold 14,226 shares; and, Sr. V.P Michael J. Gallagher sold 8,000 shares.
Additionally, Guru Richard Aster Jr. bought 431,700 shares in the last quarter. Secure Computing Corp. has a market cap of $643.18 million; its shares were traded at around $9.58 with P/S ratio of 2.87.
Chico's FAS Inc. (CHS): Chairman, President and CEO, Director Scott A. Edmonds Bought 100,000 Shares
The shares of Chico’s FAS Inc. (CHS) have been its lowest in the past four years. Although sales increased by 3.5%, the women’s apparel retail chain reported a third quarter loss by 44%. As the November same store sales dropped by 13.7%, profits also dropped to $23.5 million, or $0.13. Chico’s CEO Scott A. Edmonds stated, "We are greatly disappointed with our performance to date. Numerous challenges continue to affect the entire retail sector. It now appears that based on our November sales performance, our fourth quarter earnings could approach the break even level."
Chairman, President and CEO, Director Scott A. Edmonds bought 100,000 shares last week at $10.24. Other insider buys were made between $10.27 and $14.61 by EVP Gary King, Brand President Colaco Donna Noce, and Director David F. Walker—the officers bought 10,000 shares, 1,500 shares, and 1,000 shares, respectively.
In the third quarter, guru Arnold Schneider bought 549,550 shares of CHS stock. Chico's FAS Inc. has a market cap of $1.8 billion; its shares were traded at around $10.47 with P/E ratio of 14.15 and P/S ratio of 1.05.
Teleflex Inc. (TFX): Chairman, President, CEO, Director Jeffrey P. Black Bought 10,000 Shares
Early November, Teleflex Inc. (TFX), a diversified specialty-engineered product provider, publicized their acquisition of Nordisk Aviation Products, an air cargo container manufacturer. For the third quarter, the company revenue has increased by 8%; however, high tax charge from company restructuring gave the company a net loss of $57.0 million or $1.45 per diluted share, compared to net income of $36.0 million or $0.91 per diluted share from the previous year.
Chairman, President, CEO, Director of TFX, Jeffrey P. Black, bought 10,000 shares on 12/06 at $60.50. Director George Jr. Babich bought 1,000 shares and Director Harold L. Yoh III bought 820 shares at $57.74 and $59.37, respectively. A notable sell was made by the President of Aerospace Division, John B. Suddarth—who sold 13,909 shares between $75 and $85.52.
Guru Robert Olstein bought 110,900 shares in the last quarter. Teleflex Inc. has a market cap of $2.36 billion; its shares were traded at around $60.5 with P/E ratio of 19.89 and P/S ratio of 0.86. The dividend yield of Teleflex Inc. stocks is 2.2%.
Golden Star Resources Ltd (GSS): President and CEO, Director Peter J. L. Bradford Bought 100,000 Shares
The gold mining and production company, Golden Star Resources Ltd (GSS), swings into a third quarter net loss of $12.7 million, or $0.054 a share compared to a net income of $1.5 million or $0.007 from the previous year. The increase in gold prices and plant production output was not able to offset the decline in gold sales and rising operating costs. The company planned to offer 3.1 million shares for $0.03 a share on the Ghana Stock Exchange.
President and CEO, Director Peter J. L. Bradford bought 100,000 shares on 12/05 at $3.25. Another large buy was made buy VP and CFO, Tom Mair, who bough 50,000 shares at $3.69 in June. VP of Corporate Development Bruce Higson-smith bought a total of 14,000 shares between $2.88 and $3.18. Lastly, Vice President of Exploration S. Mitchel Wasel bought 3,000 shares at $3.30.
Guru Arnold Schneider bought 5,467,025 shares, and guru Jean-Marie Eveillard sold out all his holdings in the third quarter. Golden Star Resources Ltd has a market cap of $740.34 million; its shares were traded at around $3.25 with P/E ratio of 57.64 and P/S ratio of 5.32.
Kronos Worldwide Inc. (KRO): Chairman of the Board & CEO, Director, 10% Owner Harold C. Simmons Bought 3,000 Shares
The titanium oxide producer, Kronos Worldwide Inc (KRO), posted a third quarter loss of $81.2 million or $1.66, opposed to a profit of $12.2 million or $0.25 in the previous year. Loss was due to a large income tax, fluctuation in foreign currency exchange rates, and the drop in titanium dioxide pigment-price. The company increased prices for titanium oxide in Europe in the second half of this year.
Since 10/30, Chairman of the Board & CEO, Director, Harold C. Simmons have purchased a total of 57,349 shares between $15.58 and $18.15. Also, Director Glenn R. Simmons bought 8,730 shares at $18.43 to $19.49 since September.
Kronos Worldwide Inc. has a market cap of $786.72 million; its shares were traded at around $16.2 with P/S ratio of 0.61. The dividend yield of Kronos Worldwide Inc. stocks is 6.3%.
Secure Computing Corp. (SCUR): Chairman and CEO, Director John Mcnulty Bought 4,500 Shares
Secure Computing Corp. (SCUR), a provider of enterprise gateway security solutions, fell into a third quarter loss of $11 million, or $0.17 compared to a previous third quarter loss of $8.2 million, or $0.14. The rise in operating expense played a major role in the loss, where the company’s expense increased by 25% to $47.9 million from $38.3 million.
Chairman and CEO, Director John Mcnulty bought 4,500 shares of SCUR stock on 12/10 at $9.58. As of June, a slew of insider sells were made between $7.53 and $9.81: Chief Strategy Officer Jagtar Singh Chaudhry sold 250,000 shares; Chief Technology Officer Paul Qantas Judge sold a total of 152,432 shares; Senior VP, Marketing Atri Chatterjee sold 25,000 shares; Senior VP of Worldwide Sales Vince Schiavo sold 14,226 shares; and, Sr. V.P Michael J. Gallagher sold 8,000 shares.
Additionally, Guru Richard Aster Jr. bought 431,700 shares in the last quarter. Secure Computing Corp. has a market cap of $643.18 million; its shares were traded at around $9.58 with P/S ratio of 2.87.
- CEO Buys, CFO Buys: Stocks that are bought by their CEO/CFOs.
- Insider Cluster Buys: Stocks that multiple company officers and directors have bought.
- Double Buys: Companies that both Gurus and Insiders are buying
- Triple Buys: Companies that both Gurus and Insiders are buying, and Company is buying back.
