Weekly CEO Buys Highlight: McDonald's Corp, Steel Dynamics Inc, ParkerHannifin Corp, New Atlas Air Worldwide Holdings.

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Oct 27, 2008
This is the weekly highlight of top CEO buys. Related companies: McDonald's Corp, Steel Dynamics Inc, ParkerHannifin Corp, and New Atlas Air Worldwide Holdings.


McDonald's Corp. (MCD, Financial): Vice Chairman and CEO, Director James A. Skinner Bought 20,000 Shares


Vice Chairman and CEO, Director of McDonald's Corp. (MCD) James A Skinner bought 20,000 shares on 10/23/2008 at an average price of $55.58. McDonald's Corporation develops operates franchises and services a worldwide system of restaurants that prepare assemble package and sell a limited menu of value-priced foods. The company has a market cap of $59.68 billion with a P/E ratio of 13.41 and P/S ratio of 2.64. The dividend yield of McDonald's Corp. stocks is 2.79%.


McDonalds recently announced that a jump in global sales caused its profit to shoot up 11%. Even with the slowing economy, McDonalds is finding its amount of customers not going down very much. The company said that McDonalds is “recession-resistant”.


Chris Davis bought 19,700 shares in the quarter that ended on 06/30/2008 . Ron Baron owns 154,690 shares as of 06/30/2008 , an increase of 18.51% from the previous quarter. Jean-Marie Eveillard owns 2,433,892 shares as of 06/30/2008 , a decrease of 44.92% of from the previous quarter. Mark Hillman sold out his holdings in the quarter that ended on 06/30/2008 .


Corp Sr. Vice Pres - Controller Kevin Ozan sold 3,750 shares of MCD stock on 09/15/2008 at the average price of $64.59; the price of the stock has decreased by 13.95% since.


Steel Dynamics Inc. (STLD, Financial): Chairman and CEO, Director Keith E Busse Bought 95,000 Shares


Chairman and CEO, Director of Steel Dynamics Inc. (STLD) Keith E Busse bought 95,000 shares on 10/17/2008 at an average price of $9.59. Steel Dynamics operates in the production and sale of hot-rolled and cold-rolled steel coils. The company has a market cap of $1.76 billion; its shares were traded at around $9.59 with a P/E ratio of 2.95 and P/S ratio of 0.21. The dividend yield of Steel Dynamics Inc. stocks is 4.57%.


Steel companies were recently hurt as the amount of steel production needed in Europe and North America decreased. Many steel companies went down on this news.


Kenneth Fisher owns 12,614 shares as of 06/30/2008 , which accounts for less than 0.01% of the $38.68 billion portfolio of Fisher Asset Management, LLC. Ken Heebner owns 112,600 shares as of 06/30/2008 , a decrease of 85.93% of from the previous quarter. This position accounts for 0.03% of the $14.5 billion portfolio of CAPITAL GROWTH MANAGEMENT LP.


Executive Vice President, Director Richard P Jr Teets bought 50,000 shares of STLD stock on 10/16/2008 at the average price of $8; the price of the stock has increased by 19.88% since.


ParkerHannifin Corp. (PH, Financial): Chairman, CEO and President, Director Donald E Washkewicz Bought 6,250 Shares


Chairman, CEO and President, Director of ParkerHannifin Corp. (PH) Donald E Washkewicz bought 6,250 shares on 10/17/2008 at an average price of $38.38. Parker-Hannifin Corporation is a leading worldwide full-line manufacturer of motion control. It has a market cap of $6.07 billion with a P/E ratio of 6.47 and P/S ratio of 0.51. The dividend yield of ParkerHannifin Corp. stocks is 2.41%.


PH recently announced a quarterly dividend of 25 cents per share. The dividend will be payable on December 5 th, 2008 .


Chris Davis bought 18,300 shares in the quarter that ended on 06/30/2008 . David Dreman owns 28,749 shares as of 06/30/2008 , an increase of 17.11% from the previous quarter. Jean-Marie Eveillard owns 1,479,822 shares as of 06/30/2008 , a decrease of 25.86% of from the previous quarter. Kenneth Fisher sold out his holdings in the quarter that ended on 06/30/2008 .


EVP- Finance Admin/CFO Timothy K Pistell sold 6,045 shares of PH stock on 05/01/2008 at the average price of $80.47; the price of the stock has decreased by 52.31% since.


New Atlas Air Worldwide Holdings (AAWW, Financial): President & CEO, Director William J Flynn Bought 7,760 Shares


President & CEO, Director of New Atlas Air Worldwide Holdings (AAWW) William J Flynn bought 7,760 shares on 10/16/2008 at an average price of $22.5. Atlas Air Worldwide Holdings Inc. is the parent company of Atlas Air and Polar Air Cargo which together operate the world's largest fleet of Boeing freighter aircraft. AAWW has a market cap of $489.24 million, a P/E ratio of 6.10 and P/S ratio of 0.31.


AAWW recently announced that its profit fell an astounding 96%, although it had a rise in sales. The company said that for the past 3 months ending on June 30 th, earnings were at 7 cents per share compared to over $2 per share a year earlier. Revenue rose about 17%.


John Keeley owns 640,000 shares as of 06/30/2008 , an increase of 20.75% from the previous quarter. This position accounts for 0.29% of the $10.95 billion portfolio of Keeley Fund Management. George Soros sold out his holdings in the quarter that ended on 06/30/2008 .


Director Eugene I Davis bought 20,000 shares of AAWW stock on 10/13/2008 at the average price of $23.61; the price of the stock has decreased by 4.7% since.