Weekly CFO Buys Hightlight: VeriFone Holdings Inc., Nexstar Broadcasting Group Inc., WellsGardner Electronics Corp, TGC Industries Inc.

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Dec 29, 2008
Last week’s top CFO Buy companies were: VeriFone Holdings Inc. (PAY, Financial), Nexstar Broadcasting Group Inc. (NXST, Financial), WellsGardner Electronics Corp (WGA, Financial), and TGC Industries Inc (TGE, Financial).


VeriFone Holdings Inc. (PAY): CFO Robert R B Dykes Bought 129,082 Shares


CFO of VeriFone Holdings Inc. (PAY) Robert R. B. Dykes bought 129,082 shares on 12/19/2008 at an average price of $5.42.


Verifone Holdings Inc. a global leader in secure electronic payment technologies provides expertise solutions and services for today with a migration strategy for tomorrow. VeriFone delivers solutions that add value to the point of sale resulting in improved merchant retention and the generation of new sources of revenue for its partners and customers. VeriFone solutions are specifically designed to meet the needs of vertical markets including financial retail petroleum government and healthcare. VeriFone Holdings Inc. has a market cap of $464.71 million; its shares were traded at around $5.2 with and P/S ratio of 0.5.


On December 16, 2008 VeriFone reported fourth quarter and fiscal 2008 results. Net revenues for the three months ended October 31, 2008 were $244.7million, 3% higher than the net revenues of $237.9 million for the comparable period of 2007. Net revenues for the fiscal year ended October 31, 2008 were $921.9million, 2% higher than the net revenues of $902.9 million for fiscal 2007.


President, VeriFone Israel Eliezer Yanay bought 3,000 shares of PAY stock on 12/23/2008 at the average price of $4.81; the price of the stock has increased by 8.11% since.

Director Alex W Hart bought 3,000 shares of PAY stock on 12/19/2008 at the average price of $5.61; the price of the stock has decreased by 7.31% since.

Director Charles R Rinehart bought 20,000 shares of PAY stock on 12/19/2008 at the average price of $5.53; the price of the stock has decreased by 5.97% since.


Nexstar Broadcasting Group Inc. (NXST): CFO & Executive Vice President Matthew E Devine Bought 14,400 Shares


CFO & Executive Vice President of Nexstar Broadcasting Group Inc. (NXST) Matthew E Devine bought 14,400 shares on 12/18/2008 at an average price of $0.5.


Nexstar Broadcasting Group currently owns operates programs or provides sales and other services to television stations in the states of Illinois, Indiana, Maryland, Missouri, Montana, Texas, Pennsylvania, Louisiana, Arkansas, Alabama, and New York. Nexstar's television station group includes affiliates of NBC, CBS, ABC, FOX, and UPN. Nexstar Broadcasting Group Inc. has a market cap of $16.2 million; its shares were traded at around $0.64 with and P/S ratio of 0.06.


On November 24, 2008, Nexstar Broadcasting Group reported its financial results for the third quarter ended September 30. Net revenue for the quarter ended September 30, grew 9.0 percent to $70.3 million compared to $64.5 million in the third quarter of 2007. Broadcast cash flow totaled $27.3 million in the third quarter of 2008 compared with $22.8 million for the same period in 2007.


CEO & President, Director Perry A Sook bought 200,000 shares of NXST stock from 11/18/2008 to 12/02/08; the average prices ranged from $0.68 to $0.7.

Vice President of News Christopher Manson bought 9600 shares of NXST stock from 12/02/08 to 12/23/2008; the prices ranged from $0.6 to $0.68

EVP & Co-COO Timothy C Busch bought 5,000 shares of NXST stock on 12/11/2008 at the average price of $0.55; the price of the stock has increased by 16.36% since.

Director Erik Brooks, Vice President, Engineering Richard Stolpe, and Director Jay M Grossman also bought shares of NXST stock in November.


WellsGardner Electronics Corp (WGA): VP, CFO, TREASURER AND SEC. James F Brace Bought 5,000 Shares


VP, CFO, TREASURER AND SEC. of WellsGardner Electronics Corp (WGA) James F Brace bought 5,000 shares on 12/22/2008 at an average price of $0.73.


Wells-Gardner Electronics Corporation is a distributor and ISO 9001 certified manufacturer of color video monitors, video liquid crystal & plasma displays, coin doors, coin mechanisms, and other related distribution products for a wide variety of markets including but not limited to gaming machines, coin-operated video games, leisure and fitness automotive display, intranet medical service, and video walls. WellsGardner Electronics Corp has a market cap of $7.55 million; its shares were traded at around $0.63 with and P/S ratio of 0.13.


Recently, Wells-Gardner Electronics Corporation announced sales of $11.3 million and a net loss of ($184,000) or ($0.02) per share for the third quarter ending on September 30, 2008. For the nine months ending September 30, 2008, sales were $40.7 million and net earnings were $185,000 or $0.02 per.


VP/CFO/Treasurer and Secretary James F Brace bought 800 more shares of WGA stock on 12/02/2008 at the average price of $0.65; the price of the stock has decreased by 3.08% since.


Director Merle Banta bought 10,000 shares of WGA stock on 08/22/2008 at the average price of $1.37; the price of the stock has decreased by 54.01% since.


TGC Industries Inc (TGE): VP and CFO James Kevin Brata Bought 1,500 Shares


VP and CFO of TGC Industries Inc (TGE) James Kevin Brata bought 1,500 shares on 12/18/2008 at an average price of $2.56.


TGC Industries Inc. is engaged in the domestic geophysical services business principally through conducting seismic surveys and to a lesser extent through sales of gravity information from the company's data bank to companies engaged in the exploration for oil and gas in the United States. Geophysics is the study of the structure and composition of the earth's interior and involves the measuring and interpretation of the earth's properties with appropriate instruments. TGC Industries Inc has a market cap of $42.1 million; its shares were traded at around $1.89 with a P/E ratio of 6 and P/S ratio of 0.47. TGC Industries Inc had an annual average earning growth of 96.2% over the past 5 years.

In the third quarter, net income was $1.9 million, or $0.11 per diluted share, on revenues of $21.6 million. All per share amounts have been adjusted to reflect the five percent stock dividend declared on March 20, 2008 to shareholders of record as of April 14, 2008 and paid on April 28, 2008.


President and CEO, Director Wayne A Whitener bought 1,000 shares of TGE stock on 11/04/2008 at the average price of $2.15; the price of the stock has decreased by 12.09% since.


VP and CFO James Kevin Brata bought 1,500 shares of TGE stock on 12/18/2008 at the average price of $2.56; the price of the stock has decreased by 26.17% since.

Director Edward L Flynn bought 19,600 shares of TGE stock from 11/10/2008 to 12/03/2008; the average prices ranged from $1.8 to $2.45 and has decreased by 6.9% since.