Weekly highlight of top CEO buys. Related companies: InVentiv Health Inc. (VTIV, Financial), Sunstone Hotel Investors Inc. (SHO, Financial), BREITBURN ENERGY PARTNERS, L.P. (BBEP, Financial), Zoltek Companies Inc. (ZOLT, Financial), SOLUTIA INC (SOA, Financial).
inVentiv Health Inc. (VTIV): CEO, inVentiv Health, Inc., Director Blane Walter Bought 112,366 Shares
inVentiv Health (VTIV) is the leading provider of commercialization and complementary services to the global pharmaceutical life sciences and biotechnology industries. Despite making a higher profit for the quarter, the company lowered their 2008 earnings outlook. The company’s representatives stated that delays and decline in drug approvals from certain drugs, especially Vioxx, hurt company performance. VTIV recently acquired Patient Marketing Group of New Jersey for $14.5 million. Patient Marketing Group focuses on patient education, specifically disease treatments.
Ron Baron owns 1,300,000 shares as of 6/30/08.
CEO, inVentiv Health, Inc., Director of inVentiv Health Inc. Blane Walter bought 112,366 shares during the past week at $20.27; also, Executive Chairman, Director Eran Broshy bought 28,000 shares during the same week at $18.04.
The COO, Director of inventive, Terrell G. Herring sold a cumulative total of 118,752 shares as of March at $28.64 to $35 a share.
inVentiv Health Inc. has a market cap of $674.06 million; its shares were traded at around $20.27 with a P/E ratio of 13.19 and P/S ratio of 0.63.
Sunstone Hotel Investors Inc. (SHO): CEO & Executive Chairman, Director Robert A. Alter Bought 100,000 Shares
Sunstone Hotel Investors Inc. (SHO) is a Southern California-based lodging real estate company that expects to qualify as a real estate investment trust for federal income tax purposes. The Company owns hotels primarily in the upper-upscale and upscale segments primarily operated under franchises owned nationally-recognized companies such as Marriott Hilton InterContinental and Hyatt. The company completed the repurchase of 7.4 million shares in July. In June, the company named Arthur Buser as the president; in July of 2009, Buser will succeed the current CEO Bob Alter. Investors of Sunstone Hotel sold Hyatt Regency for $366.5 million for a minimal profit to Next Century Associates LLC.
CEO & Executive Chairman, Director Robert A. Alter bought 100,000 shares on 8/12/08 at $13.99; he also bought another 100,000 shares on 3/12/08 at $16.14. Two other buys were made by President Arthur L. Buser, who bought 20,000 shares on 8/12/08 at $13.98, and made by Director Lewis Wolff, who bought 30,470 shares on 3/13/08 at $16.37.
Sunstone Hotel Investors Inc. has a market cap of $726.50 million; its shares were traded at around $14.17 with a P/E ratio of 8.75 and P/S ratio of 0.67. The dividend yield of Sunstone Hotel Investors Inc. stocks is 9.88%.
BREITBURN ENERGY PARTNERS, L.P. - COMMON UNITS REP (BBEP): Co-CEO, Director Randall Hart Breitenbach Bought 55,000 Shares
BreitBurn Energy Partners L.P. (BBEP) is an independent oil and gas limited partnership recently formed by a subsidiary of Provident Energy Trust focused on the acquisition exploitation and development of oil and gas properties. BreitBurn's assets consist primarily of producing and non-producing crude oil reserves located in the Los Angeles Basin in California and the Wind River and Big Horn Basins in central Wyoming. At the end of July, Provident sold its $305 million stake in BreitBurn. BreitBurn Energy Partners L.P. amplified their second quarter loss to $286.2 million from a prior second quarter loss of $1.1 million. The company took on negative revenue of $212.7 million, on $353.3 million in unrealized losses.
Seth Klarman owns 659,800 shares as of the second quarter.
Co-CEO, Director Randall Hart Breitenbach bought 55,000 shares during the past week at $17.08. Additionally, Director Breitenbach bought 5,241 shares on 3/25/08 at $19.05. Other officers bought their shares of BBEP between $17.25 to $19.25: Co-CEO, Director Halbert S. Washburn bought 10,470 shares; Director Charles S. Weiss bought 8,000 shares; EVP Gregory C. Brown bought 5,240 shares; CFO and EVP James G. Jackson bought 3,925 shares; David Dean Baker and VP Willis Jackson Washburn each bought 2,615 shares.
BREITBURN ENERGY PARTNERS, L.P. - COMMON UNITS REP has a market cap of $919.53 million; its shares were traded at around $17.08 with P/S ratio of 2.32. The dividend yield of BREITBURN ENERGY PARTNERS, L.P. - COMMON UNITS REP stocks is 12.18%.
Zoltek Companies Inc. (ZOLT): Chairman of the Board, President, CEO, Director, 10% Owner Zsolt Rumy Bought 50,000 Shares
Zoltek Companies Inc. (ZOLT) halved their profit for the quarter on fewer shipments. The carbon fiber manufacturer made a profit of $2.3 million or $0.07 a share for the third quarter compared to $5 million or $0.17 a share in 2007. Revenue for the quarter totaled $45 million.
Robert Olstein bought 128,600 shares prior to the second quarter.
Last week, Chairman, President, CEO, & 10% Owner Zsolt Rumy bought 50,000 shares at $16.86; Director Charles A. Dill bought 20,000 shares at $16.43; and Director Michael D. Latta bought 8,000 shares at $16.67.
Zoltek Companies Inc. has a market cap of $563.99 million; its shares were traded at around $16.97 with a P/E ratio of 74.38 and P/S ratio of 3.27.
SOLUTIA INC (SOA): President, CEO & Chairman, Director Jeffry N. Quinn Bought 20,000 Shares
Specialty chemical manufacturer SOLUTIA (SOA) began raising prices to their products in July, to compensate for the jump in raw material prices. Their business director warned that some customers may see a price rise of well over 20%. For example, Solutia will increase their heat transfer fluid Therminol price up to 25%, and aviation hydraulic fluid Skydrol price by 30%. In June, Solutia sold their office building for $42.8 million to pay-off debt. The company will shut-down several rubber chemical facilities in Wales in response to competition from Asia; as a result, Solutia expects to record pre-tax charges between $45 million and $60 million by 2011.
President, CEO & Chairman, Director Jeffry N. Quinn bought 20,000 shares on 8/14/08 at $13. On 3/12/08, CEO Quinn bought another 20,000 shares on 3/12/08 at $13.21.
Other insider buys were made in March and August at $13: Director Eugene Davis and Director J. Patrick Mulcahy each bought 20,000 shares; SVP & CFO James M. Sullivan bought 15,000 shares; Director William T. Monahan bought 10,000 shares; Director W. T. Jagodinski bought 7,000 shares; SVP Robert T. Debolt bought 3,846 shares; SVP Luc De Temmerman bought 2,500 shares; SVPs Kent J. Davies & Rosemary L Klein, and Director James P. Heffernan each bought 2,000 shares; and finally, Director Robert K. Deveer Jr. bought 1,000 shares.
SOLUTIA INC has a market cap of $910.72 million; its shares were traded at around $14.74 with a P/E ratio of 1.16 and P/S ratio of 0.23.
inVentiv Health Inc. (VTIV): CEO, inVentiv Health, Inc., Director Blane Walter Bought 112,366 Shares
inVentiv Health (VTIV) is the leading provider of commercialization and complementary services to the global pharmaceutical life sciences and biotechnology industries. Despite making a higher profit for the quarter, the company lowered their 2008 earnings outlook. The company’s representatives stated that delays and decline in drug approvals from certain drugs, especially Vioxx, hurt company performance. VTIV recently acquired Patient Marketing Group of New Jersey for $14.5 million. Patient Marketing Group focuses on patient education, specifically disease treatments.
Ron Baron owns 1,300,000 shares as of 6/30/08.
CEO, inVentiv Health, Inc., Director of inVentiv Health Inc. Blane Walter bought 112,366 shares during the past week at $20.27; also, Executive Chairman, Director Eran Broshy bought 28,000 shares during the same week at $18.04.
The COO, Director of inventive, Terrell G. Herring sold a cumulative total of 118,752 shares as of March at $28.64 to $35 a share.
inVentiv Health Inc. has a market cap of $674.06 million; its shares were traded at around $20.27 with a P/E ratio of 13.19 and P/S ratio of 0.63.
Sunstone Hotel Investors Inc. (SHO): CEO & Executive Chairman, Director Robert A. Alter Bought 100,000 Shares
Sunstone Hotel Investors Inc. (SHO) is a Southern California-based lodging real estate company that expects to qualify as a real estate investment trust for federal income tax purposes. The Company owns hotels primarily in the upper-upscale and upscale segments primarily operated under franchises owned nationally-recognized companies such as Marriott Hilton InterContinental and Hyatt. The company completed the repurchase of 7.4 million shares in July. In June, the company named Arthur Buser as the president; in July of 2009, Buser will succeed the current CEO Bob Alter. Investors of Sunstone Hotel sold Hyatt Regency for $366.5 million for a minimal profit to Next Century Associates LLC.
CEO & Executive Chairman, Director Robert A. Alter bought 100,000 shares on 8/12/08 at $13.99; he also bought another 100,000 shares on 3/12/08 at $16.14. Two other buys were made by President Arthur L. Buser, who bought 20,000 shares on 8/12/08 at $13.98, and made by Director Lewis Wolff, who bought 30,470 shares on 3/13/08 at $16.37.
Sunstone Hotel Investors Inc. has a market cap of $726.50 million; its shares were traded at around $14.17 with a P/E ratio of 8.75 and P/S ratio of 0.67. The dividend yield of Sunstone Hotel Investors Inc. stocks is 9.88%.
BREITBURN ENERGY PARTNERS, L.P. - COMMON UNITS REP (BBEP): Co-CEO, Director Randall Hart Breitenbach Bought 55,000 Shares
BreitBurn Energy Partners L.P. (BBEP) is an independent oil and gas limited partnership recently formed by a subsidiary of Provident Energy Trust focused on the acquisition exploitation and development of oil and gas properties. BreitBurn's assets consist primarily of producing and non-producing crude oil reserves located in the Los Angeles Basin in California and the Wind River and Big Horn Basins in central Wyoming. At the end of July, Provident sold its $305 million stake in BreitBurn. BreitBurn Energy Partners L.P. amplified their second quarter loss to $286.2 million from a prior second quarter loss of $1.1 million. The company took on negative revenue of $212.7 million, on $353.3 million in unrealized losses.
Seth Klarman owns 659,800 shares as of the second quarter.
Co-CEO, Director Randall Hart Breitenbach bought 55,000 shares during the past week at $17.08. Additionally, Director Breitenbach bought 5,241 shares on 3/25/08 at $19.05. Other officers bought their shares of BBEP between $17.25 to $19.25: Co-CEO, Director Halbert S. Washburn bought 10,470 shares; Director Charles S. Weiss bought 8,000 shares; EVP Gregory C. Brown bought 5,240 shares; CFO and EVP James G. Jackson bought 3,925 shares; David Dean Baker and VP Willis Jackson Washburn each bought 2,615 shares.
BREITBURN ENERGY PARTNERS, L.P. - COMMON UNITS REP has a market cap of $919.53 million; its shares were traded at around $17.08 with P/S ratio of 2.32. The dividend yield of BREITBURN ENERGY PARTNERS, L.P. - COMMON UNITS REP stocks is 12.18%.
Zoltek Companies Inc. (ZOLT): Chairman of the Board, President, CEO, Director, 10% Owner Zsolt Rumy Bought 50,000 Shares
Zoltek Companies Inc. (ZOLT) halved their profit for the quarter on fewer shipments. The carbon fiber manufacturer made a profit of $2.3 million or $0.07 a share for the third quarter compared to $5 million or $0.17 a share in 2007. Revenue for the quarter totaled $45 million.
Robert Olstein bought 128,600 shares prior to the second quarter.
Last week, Chairman, President, CEO, & 10% Owner Zsolt Rumy bought 50,000 shares at $16.86; Director Charles A. Dill bought 20,000 shares at $16.43; and Director Michael D. Latta bought 8,000 shares at $16.67.
Zoltek Companies Inc. has a market cap of $563.99 million; its shares were traded at around $16.97 with a P/E ratio of 74.38 and P/S ratio of 3.27.
SOLUTIA INC (SOA): President, CEO & Chairman, Director Jeffry N. Quinn Bought 20,000 Shares
Specialty chemical manufacturer SOLUTIA (SOA) began raising prices to their products in July, to compensate for the jump in raw material prices. Their business director warned that some customers may see a price rise of well over 20%. For example, Solutia will increase their heat transfer fluid Therminol price up to 25%, and aviation hydraulic fluid Skydrol price by 30%. In June, Solutia sold their office building for $42.8 million to pay-off debt. The company will shut-down several rubber chemical facilities in Wales in response to competition from Asia; as a result, Solutia expects to record pre-tax charges between $45 million and $60 million by 2011.
President, CEO & Chairman, Director Jeffry N. Quinn bought 20,000 shares on 8/14/08 at $13. On 3/12/08, CEO Quinn bought another 20,000 shares on 3/12/08 at $13.21.
Other insider buys were made in March and August at $13: Director Eugene Davis and Director J. Patrick Mulcahy each bought 20,000 shares; SVP & CFO James M. Sullivan bought 15,000 shares; Director William T. Monahan bought 10,000 shares; Director W. T. Jagodinski bought 7,000 shares; SVP Robert T. Debolt bought 3,846 shares; SVP Luc De Temmerman bought 2,500 shares; SVPs Kent J. Davies & Rosemary L Klein, and Director James P. Heffernan each bought 2,000 shares; and finally, Director Robert K. Deveer Jr. bought 1,000 shares.
SOLUTIA INC has a market cap of $910.72 million; its shares were traded at around $14.74 with a P/E ratio of 1.16 and P/S ratio of 0.23.
