Weekly Top Insider Buys: Triarc Companies Inc. (TRY, Financial), Huntsman Corp. (HUN, Financial), Sunoco Inc. (SUN, Financial), Consenco Inc. (CNO, Financial), Central European Distribution Corp. (CEDC, Financial)
Triarc Companies Inc. (TRY): Director Edward P Garden Bought 3,155,559 Shares
Director of Triarc Companies Inc. (TRY) Edward P Garden bought 3,155,559 shares during the past week at an average price of $5.43. Triarc Companies Inc. is a holding company which through its subsidiaries is engaged in four businesses: beverages restaurants textiles and liquefied petroleum gas. Triarc's premium beverage operations are comprised of Snapple Beverages Mistic Brands and Stewart's; restaurant operations are conducted through Arby's Inc.; textile operations are conducted through Graniteville Company and its dyes and specialty chemical subsidiary C.H. Patrick & Co. Inc.; and liquefied petroleum gas operations are conducted through National Propane Corp.
On September 15, Triarc and Wendy’s shareholders approved a merger. The combined company, which will be named Wendy’s/Arby’s Group, Inc., will trade under the symbol “WEN” on the New York Stock Exchange. Triarc and Wendy’s ® expect that the merger will be consummated on or about September 29, 2008.
TRY is owned by one Guru. John Keeley owns 3,346,580 shares as of 06/30/2008, which accounts for 0.2% of the $10.95 billion portfolio of Keeley Fund Management. Arnold Schneider sold out his holdings in the quarter that ended on 06/30/2008.
Directors Edward P. Garden, Peter W. May, Nelson Peltz and Fund Management L.P. Trian all bought shares of Triarc Companies Inc. The price has increased by about 5% since.
Triarc Companies Inc. has a market cap of $505.17 million; its shares were traded at around $5.43 with P/S ratio of 0.39. The dividend yield of Triarc Companies Inc. stocks is 5.9%.
Huntsman Corp. (HUN): Director Wayne A Reaud Bought 100,300 Shares
Director of Huntsman Corp. (HUN) Wayne A Reaud bought 100,300 shares on 09/26/2008 at an average price of $8.61. Huntsman Corporation is among the world's largest global manufacturers of differentiated and commodity chemical products for a variety of industrial and consumer applications.
Huntsman Corporation executed an Engagement Agreement with American Appraisal Associates, Inc. on September 26, 2008. American Appraisal agreed to provide a solvency opinion in connection with the closing of the merger between the Company and Hexion Specialty Chemicals, Inc
Huntsman Corp. is owned by one Guru. In the quarter that ended on 6/30/2008, Richard Perry bought 825,000 shares, and Charles Brandes sold out his holdings.
Directors Wayne A. Reaud and Jon M. Huntsman bought share of HUN. Division President Paul G. Hulme sold sold 72,091 shares of HUN stock on 08/12/2008 at the average price of $14.06; the price of the stock has decreased by 38.76% since.
Huntsman Corp. has a market cap of $2.01 billion; its shares were traded at around $8.61 with P/S ratio of 0.20. The dividend yield of Huntsman Corp. stocks is 3%.
Sunoco Inc. (SUN): Senior V.P. Michael J Thomson Bought 10,000 Shares
Senior V.P. of Sunoco Inc. (SUN) Michael J Thomson bought 10,000 shares on 09/23/2008 at an average price of $40.18. Sunoco Inc. is principally a petroleum refiner and marketer with interests in cokemaking. Sunoco's petroleum refining and marketing operations include the manufacturing and marketing of a full range of petroleum products including fuels lubricants and petrochemicals and the transportation of crude oil and refined products. These operations are conducted principally in the eastern half of the United States. Sunoco's coke making operations are conducted in Virginia and Indiana.
Sunoco Inc. said on September 25, 2008 that its Chief Executive Officer and President, Lynn Laverty Elsenhans, will be a presenter at the Merrill Lynch Global Energy Mid and Small Cap Conference in New York City on Wednesday, October 1, 2008.
Sunoco Inc. is owned by four Gurus. As of the quarter that ended on 6/30/2008, Brian Rogers bought 3,112,200 shares, Hotchkis & Wiley owns 5,461,740 shares, David Dreman owns 14,140 shares, and Chris Davis bought 8,100 shares.
Senior V.P. Michael J Thomson bought 10,000 shares of SUN stock on 09/23/2008 at the average price of $38.87; the price of the stock has increased by 3.37% since.
Sunoco Inc. has a market cap of $4.7 billion; its shares were traded at around $40.18 with a P/E ratio of 20.59 and P/S ratio of 0.09. The dividend yield of Sunoco Inc. stocks is 2.5%.
Consenco Inc. (CNO): Director R Glenn Hilliard Bought 40,500 Shares
Director of Conseco Inc. (CNO) R Glenn Hilliard bought 40,500 shares on 09/19/2008 at an average price of $4.99. Consenco Inc. is one of middle America's leading sources for supplemental health insurance life insurance and annuities.
Shares of Consenco Inc. dropped steeply Wednesday, September 17, a day after the Consenco said it held $19.3 million, mostly in various forms of debt, from Lehman Brothers; $49.9 million from American International Group Inc.; and $34 million from Washington Mutual Inc.
Consenco Inc. is owned by 5 Gurus. Richard Pzena owns 2,318,748 shares as of 06/30/2008, an increase of 10.77% from the previous quarter. As of 6/30/2008, Michael Price owns 2,124,626 shares, Charles Brandes owns 9,483,163 shares, and HOTCHKIS & WILEY owns 14,336,281 shares.
Director R. Glenn Hilliard and EVP, Technology and Operations Russel M. Bostick both bought shares of Consenco Inc. The price per stock has increased since.
Consenco Inc. has a market cap of $921.78 million; its shares were traded at around $4.99 with P/S ratio of 0.21.
Central European Distribution Corp. (CEDC): C.O.O. Evangels Evangelic Bought 3,200 Shares
C.O.O. of Central European Distribution Corp. (CEDC) Evangelos Evangalou bought 3,200 shares on 09/22/2008 at an average price of $46.77. Central European Distribution Corp. is a leading importer and distributor of alcoholic beverages in Poland. The company operates the largest nationwide next-day alcoholic beverage delivery service in Poland through its eight regional branch offices located in Poland's principal cities including Warsaw Krakow Gymea and Kato ice. The company currently distributes approximately 300 brands in three categories: beer spirits and wine.
Central European Distribution Corporation announced that the Company will be added to the NASDAQ Q-50 stock index on September 22, 2008. William Carey, President and CEO commented, "We are extremely pleased to be included in the NASDAQ Q-50 starting on Monday. The NASDAQ market has been a great platform for us to expand our investor base and increase liquidity in our stock."
As of the latest update, none of the Gurus hold shares of Central European Distribution Corp.
CEO, Chairman and President, Director William V Carey sold shares of Central European Distribution Corp. The price per stock has decreased since.
Central European Distribution Corp. has a market cap of $2.17 billion; its shares were traded at around $46.77 with a P/E ratio of 15.17 and P/S ratio of 1.56.
Triarc Companies Inc. (TRY): Director Edward P Garden Bought 3,155,559 Shares
Director of Triarc Companies Inc. (TRY) Edward P Garden bought 3,155,559 shares during the past week at an average price of $5.43. Triarc Companies Inc. is a holding company which through its subsidiaries is engaged in four businesses: beverages restaurants textiles and liquefied petroleum gas. Triarc's premium beverage operations are comprised of Snapple Beverages Mistic Brands and Stewart's; restaurant operations are conducted through Arby's Inc.; textile operations are conducted through Graniteville Company and its dyes and specialty chemical subsidiary C.H. Patrick & Co. Inc.; and liquefied petroleum gas operations are conducted through National Propane Corp.
On September 15, Triarc and Wendy’s shareholders approved a merger. The combined company, which will be named Wendy’s/Arby’s Group, Inc., will trade under the symbol “WEN” on the New York Stock Exchange. Triarc and Wendy’s ® expect that the merger will be consummated on or about September 29, 2008.
TRY is owned by one Guru. John Keeley owns 3,346,580 shares as of 06/30/2008, which accounts for 0.2% of the $10.95 billion portfolio of Keeley Fund Management. Arnold Schneider sold out his holdings in the quarter that ended on 06/30/2008.
Directors Edward P. Garden, Peter W. May, Nelson Peltz and Fund Management L.P. Trian all bought shares of Triarc Companies Inc. The price has increased by about 5% since.
Triarc Companies Inc. has a market cap of $505.17 million; its shares were traded at around $5.43 with P/S ratio of 0.39. The dividend yield of Triarc Companies Inc. stocks is 5.9%.
Huntsman Corp. (HUN): Director Wayne A Reaud Bought 100,300 Shares
Director of Huntsman Corp. (HUN) Wayne A Reaud bought 100,300 shares on 09/26/2008 at an average price of $8.61. Huntsman Corporation is among the world's largest global manufacturers of differentiated and commodity chemical products for a variety of industrial and consumer applications.
Huntsman Corporation executed an Engagement Agreement with American Appraisal Associates, Inc. on September 26, 2008. American Appraisal agreed to provide a solvency opinion in connection with the closing of the merger between the Company and Hexion Specialty Chemicals, Inc
Huntsman Corp. is owned by one Guru. In the quarter that ended on 6/30/2008, Richard Perry bought 825,000 shares, and Charles Brandes sold out his holdings.
Directors Wayne A. Reaud and Jon M. Huntsman bought share of HUN. Division President Paul G. Hulme sold sold 72,091 shares of HUN stock on 08/12/2008 at the average price of $14.06; the price of the stock has decreased by 38.76% since.
Huntsman Corp. has a market cap of $2.01 billion; its shares were traded at around $8.61 with P/S ratio of 0.20. The dividend yield of Huntsman Corp. stocks is 3%.
Sunoco Inc. (SUN): Senior V.P. Michael J Thomson Bought 10,000 Shares
Senior V.P. of Sunoco Inc. (SUN) Michael J Thomson bought 10,000 shares on 09/23/2008 at an average price of $40.18. Sunoco Inc. is principally a petroleum refiner and marketer with interests in cokemaking. Sunoco's petroleum refining and marketing operations include the manufacturing and marketing of a full range of petroleum products including fuels lubricants and petrochemicals and the transportation of crude oil and refined products. These operations are conducted principally in the eastern half of the United States. Sunoco's coke making operations are conducted in Virginia and Indiana.
Sunoco Inc. said on September 25, 2008 that its Chief Executive Officer and President, Lynn Laverty Elsenhans, will be a presenter at the Merrill Lynch Global Energy Mid and Small Cap Conference in New York City on Wednesday, October 1, 2008.
Sunoco Inc. is owned by four Gurus. As of the quarter that ended on 6/30/2008, Brian Rogers bought 3,112,200 shares, Hotchkis & Wiley owns 5,461,740 shares, David Dreman owns 14,140 shares, and Chris Davis bought 8,100 shares.
Senior V.P. Michael J Thomson bought 10,000 shares of SUN stock on 09/23/2008 at the average price of $38.87; the price of the stock has increased by 3.37% since.
Sunoco Inc. has a market cap of $4.7 billion; its shares were traded at around $40.18 with a P/E ratio of 20.59 and P/S ratio of 0.09. The dividend yield of Sunoco Inc. stocks is 2.5%.
Consenco Inc. (CNO): Director R Glenn Hilliard Bought 40,500 Shares
Director of Conseco Inc. (CNO) R Glenn Hilliard bought 40,500 shares on 09/19/2008 at an average price of $4.99. Consenco Inc. is one of middle America's leading sources for supplemental health insurance life insurance and annuities.
Shares of Consenco Inc. dropped steeply Wednesday, September 17, a day after the Consenco said it held $19.3 million, mostly in various forms of debt, from Lehman Brothers; $49.9 million from American International Group Inc.; and $34 million from Washington Mutual Inc.
Consenco Inc. is owned by 5 Gurus. Richard Pzena owns 2,318,748 shares as of 06/30/2008, an increase of 10.77% from the previous quarter. As of 6/30/2008, Michael Price owns 2,124,626 shares, Charles Brandes owns 9,483,163 shares, and HOTCHKIS & WILEY owns 14,336,281 shares.
Director R. Glenn Hilliard and EVP, Technology and Operations Russel M. Bostick both bought shares of Consenco Inc. The price per stock has increased since.
Consenco Inc. has a market cap of $921.78 million; its shares were traded at around $4.99 with P/S ratio of 0.21.
Central European Distribution Corp. (CEDC): C.O.O. Evangels Evangelic Bought 3,200 Shares
C.O.O. of Central European Distribution Corp. (CEDC) Evangelos Evangalou bought 3,200 shares on 09/22/2008 at an average price of $46.77. Central European Distribution Corp. is a leading importer and distributor of alcoholic beverages in Poland. The company operates the largest nationwide next-day alcoholic beverage delivery service in Poland through its eight regional branch offices located in Poland's principal cities including Warsaw Krakow Gymea and Kato ice. The company currently distributes approximately 300 brands in three categories: beer spirits and wine.
Central European Distribution Corporation announced that the Company will be added to the NASDAQ Q-50 stock index on September 22, 2008. William Carey, President and CEO commented, "We are extremely pleased to be included in the NASDAQ Q-50 starting on Monday. The NASDAQ market has been a great platform for us to expand our investor base and increase liquidity in our stock."
As of the latest update, none of the Gurus hold shares of Central European Distribution Corp.
CEO, Chairman and President, Director William V Carey sold shares of Central European Distribution Corp. The price per stock has decreased since.
Central European Distribution Corp. has a market cap of $2.17 billion; its shares were traded at around $46.77 with a P/E ratio of 15.17 and P/S ratio of 1.56.
