Weekly CFO Buys Highlight: CalAmp Corp., Phoenix Technologies Ltd., PLX Technology Inc., Pervasive Software Inc., Reddy Ice Holdings Inc., Community West Bancshares.

Author's Avatar
Feb 02, 2009
According to GuruFocus Insider Data, The weeks six top CFO buys companies were CalAmp Corp.(CAMP, Financial), Phoenix Technologies Ltd.(PTEC, Financial), PLX Technology Inc.(PLXT, Financial), Pervasive Software Inc. (PVSW, Financial), Reddy Ice Holdings Inc. (FRZ, Financial), Community West Bancshares(CWBC, Financial).


For the complete list of stocks that bought by their CFOs, go to: Insider Buys.


CalAmp Corp. (CAMP): VP Finance & CFO Richard K Vitelle Bought 10,000 Shares


VP Finance & CFO of CalAmp Corp. (CAMP) Richard K Vitelle bought 10,000 shares on 01/23/2009 at an average price of $0.7. CalAmp Corp. is a leading provider of wireless communications products that enable anytime/anywhere access to critical information data and entertainment content. With comprehensive capabilities ranging from product design and development through volume production CalAmp delivers cost-effective high quality solutions to a broad array of customers and end markets. CalAmp is the leading supplier of Direct Broadcast Satellite outdoor customer premise equipment to the U.S. satellite television market. The Company also provides wireless data communication solutions for the telemetry and asset tracking markets private wireless networks public safety communications and critical infrastructure and process control applications. CalAmp Corp. has a market cap of $16.37 million; its shares were traded at around $0.78 with and P/S ratio of 0.12.


CalAmp Corp. recently announced financial results for the third quarter ended November 30, 2008. Total revenues were $25.8 million compared to $32.1 million for the fiscal year 2008. Operating loss was $1.8 million, or a $0.7 loss per diluted share.


President & CEO, Director Richard B Gold bought 14,970 shares of CAMP stock on 11/03/2008 at the average price of $0.85, 3,300 more shares of CAMP stock on 11/04/2008 at the average price of $0.86, 20,000 more shares of CAMP stock on 11/13/2008 at the average price of $0.82, and 80,000 more shares of CAMP stock on 01/23/2009 at the average price of $0.7; the price of the stock has increased by 11.43% since. Director Frank Jr Perna bought 50,000 shares of CAMP stock on 01/23/2009 at the average price of $0.7; the price of the stock has increased by 11.43% since. COO Michael J Burdiek bought 7,000 shares of CAMP stock on 01/23/2009 at the average price of $0.71; the price of the stock has increased by 9.86% since. Director Thomas E Pardun bought 16,000 shares of CAMP stock in November, 2008 at the average prices ranged from $0.85 to $0.87 and 3,000 more shares of CAMP stock on 01/21/2009 at the average price of $0.7; the price of the stock has increased by 11.43% since. Director Larry J Wolfe bought 20,000 shares of CAMP stock on 11/03/2008 at the average price of $0.85; the price of the stock has decreased by 8.24% since.


Phoenix Technologies Ltd. (PTEC): COO & CFO Richard Walker Arnold Bought 10,000 Shares


COO & CFO of Phoenix Technologies Ltd. (PTEC) Richard Walker Arnold bought 10,000 shares on 01/30/2009 at an average price of $2.7. Phoenix Technologies is the global leader in system-enabling software solutions for PCs and connected devices. The Company's BIOS software has been sold to customers worldwide and is designed into more than 70 million PCs sold annually as well as embedded systems and information appliances. Products and services of the Platform Enabling Division play a critical role in linking computing and communication technologies for OEMs and for Internet service and content providers benefiting the information consumer. Phoenix Technologies Ltd. has a market cap of $132.22 million; its shares were traded at around $2.58 with and P/S ratio of 1.79.


Phoenix Technologies Ltd. Recently reported financial results for the first quarter of fiscal year 2009 ended December 31, 2008. Total revenues were $17.4 million, unchanged from $17.4 million in the first quarter of the fiscal year 2008. Net loss totaled $9.3 million, or $0.33 per diluted share, in contrast to the net income of $2.5 million, or $0.09 per diluted share in the first quarter of fiscal year 2008. Operating loss was $8.2 million compared to the operating income of 3.3 million in the first quarter of the prior fiscal year.


Pres. & CEO, Director Woodson Hobbs bought 60,000 shares of PTEC stock on 10/27/2008 at the average price of $3.6; the price of the stock has decreased by 28.33% since. Director Douglas E Barnett bought 25,000 shares of PTEC stock on 10/27/2008 at the average price of $3.88; the price of the stock has decreased by 33.51% since. Director Michael Clair bought 30,000 shares of PTEC stock in October; the price of the stock has decreased by 27.12% since. Director Richard Noling sold 3,000 shares of PTEC stock on 12/08/2008 at the average price of $3.74; the price of the stock has decreased by 31.02% since.


PLX Technology Inc. (PLXT): CFO Arthur O Whipple Bought 5,000 Shares


CFO of PLX Technology Inc. (PLXT) Arthur O Whipple bought 5,000 shares on 01/30/2009 at an average price of $1.64. PLX Technology Inc. based in Sunnyvale Calif. USA is the world's leading supplier of PCI Express and other standard I/O interconnect semiconductors to the communications server storage embedded-control and consumer markets. The company provides a competitive advantage through an integrated combination of experience high-performance silicon hardware and software design tools and global partnerships. These innovative solutions enable our customers to develop equipment with industry-leading performance scalability and reliability that allows them to bring designs to market faster. PLX Technology Inc. has a market cap of $47.05 million; its shares were traded at around $1.65 with a P/E ratio of 18.4 and P/S ratio of 0.58.


PLX Technology Inc. recently reported financial results for the fourth quarter ended December 31, 2008. Net loss for the fourth quarter was $58.3 million, or $2.08 per diluted share, in contrast to the net income of $0.8 million, or $0.03 per diluted share, for the third quarter ended September 30, 2008.


President and CEO Ralph H Schmitt bought 15,000 shares of PLXT stock on 11/11/2008 at the average price of $3.18; the price of the stock has decreased by 48.11% since. VP, Marketing & Business Devel David Raun bought 15,000 shares of PLXT stock on 01/29/2009 at the average price of $1.66; the price of the stock has decreased by 0.6% since. Vice President Engineering Vijay Meduri bought 8,000 shares of PLXT stock on 12/01/2008 at the average price of $2.24; the price of the stock has decreased by 26.34% since.


Pervasive Software Inc. (PVSW): CFO Randall G Jonkers Bought 2,500 Shares


CFO of Pervasive Software Inc. (PVSW) Randall G Jonkers bought 2,500 shares on 01/26/2009 at an average price of $3.52; the price of the stock has decreased by 1.42% since. Pervasive Software Inc. is a leading provider of application development and deployment software designed to power the next generation of pervasive computing and deliver to developers worldwide the freedom to easily create applications for everyone everywhere. The company's innovative software powers the next generation of pervasive computing enabling e-business applications to reach beyond the desktop and easily share information across everything from handheld devices to information appliances and the Internet. Pervasive Software Inc. has a market cap of $67.12 million; its shares were traded at around $3.47 with a P/E ratio of 17.4 and P/S ratio of 1.58.


Pervasive Software Inc. recently reported financial results for its second quarter of fiscal year 2009. Total revenue was $11.2 million, increasing 8% from the second quarter of the prior year’s $10.3 million. Net income summed up to be $1.2 million, or $0.06 diluted earnings per share, in contrast to the second quarter of last year’s $0.7 million, or $0.03 diluted earnings per share.


Director Nancy R Woodward sold 50,000 shares of PVSW stock on 10/24/2008 at the average price of $4.01; the price of the stock has decreased by 13.47% since.


Reddy Ice Holdings Inc. (FRZ): Exec. VP, CFO & Secretary Steven J Janusek Bought 4,127 Shares


Exec. VP, CFO & Secretary of Reddy Ice Holdings Inc. (FRZ) Steven J Janusek bought 4,127 shares during the past week at an average price of $1.21. Reddy Ice manufactures and distributes packaged ice under the Reddy Ice brand name. Reddy Ice Holdings Inc. has a market cap of $27.86 million; its shares were traded at around $1.62 with a P/E ratio of 9.5 and P/S ratio of 0.08.


Reddy Ice Holdings recently announced financial results for the third quarter of 2008 ended September 30, 2008. Total revenues were 125.7 million compared to the $125.6 million in the prior year’s third quarter. The company reported a net loss of $113.0 million, or a loss of $5.13 per diluted share, compared to a net income of $16.6, or $0.75 in the same quarter the prior year.


Senior VP - Central Operations Graham D Davis bought 500 shares of FRZ stock on 12/30/2008 at the average price of $1.5; the price of the stock has increased by 8% since. Executive VP & COO Paul D. Smith bought 17,200 shares of FRZ stock on 12/03/2008 at the average price of $1.73, 15,428 shares of FRZ stock on 12/08/2008 at the average price of $1.79, and 10,590 shares of FRZ stock on 12/11/2008 at the average price of $2.18; the price of the stock has decreased by 25.69% since. Partners L L C/ca Farallon sold 160,600 shares of FRZ stock on 12/30/2008 at the average price of $1.39 and 44,145 shares of FRZ stock on 12/29/2008 at the average price of $1.72; the price of the stock has decreased by 5.81% since. Capital Management Ll Farallon sold 44,145 shares of FRZ stock on 12/29/2008 at the average price of $1.72 and 160,600 shares of FRZ stock on 12/30/2008 at the average price of $1.39; the price of the stock has increased by 16.55% since. Asset Management, L.p. Noonday sold 44,145 shares of FRZ stock on 12/29/2008 at the average price of $1.72 and 160,600 shares of FRZ stock on 12/30/2008 at the average price of $1.39; the price of the stock has increased by 16.55% since.


Community West Bancshares (CWBC): CFO Charles G Baltuskonis Bought 1,220 Shares


CFO of Community West Bancshares (CWBC) Charles G Baltuskonis bought 1,220 shares on 01/26/2009 at an average price of $3.33. Community West Bancshares is a bank holding company. Through its subsidiaries Goleta National Bank and Palomar Community Bank they are engaged in providing general banking services. They provide commercial and retail financial services including the acceptance of demand savings and time deposits and the origination of commercial U.S. Small Business Administration accounts receivable real estate construction home improvement short term consumer and other installment and term loans. Community West Bancshares has a market cap of $22.6 million; its shares were traded at around $3.6401 with a P/E ratio of 11.1 and P/S ratio of 0.44. Community West Bancshares had an annual average earning growth of 2.8% over the past 10 years.


Community West Bancshares recently reported financial results for the fourth quarter of 2008 ended December 31, 2008. The company reported a net income of $0.61 million compared to a net income of $0.74 million. N et income of $61,000 for the quarter ended December 31, 2008 (2008 Q4), compared to net income of $748,000 for the quarter ended December 31, 2007 (2007 Q4


CEO, Director Lynda Nahra bought 1,000 shares of CWBC stock on 11/19/2008 at the average price of $3.5; the price of the stock has increased by 4% since. Director C Richard Whiston bought 500 shares of CWBC stock on 01/28/2009 at the average price of $3.57; the price of the stock has increased by 1.96% since. Director, 10% Owner William R Peeples bought 2,198 shares of CWBC stock on 12/10/2008 at the average price of $3.85 and 2,198 more shares of CWBC stock on 12/16/2008 at the average price of $3.83; the price of the stock has decreased by 4.96% since. Director Kirk Stovesand bought 402 shares of CWBC stock on 12/12/2008 at the average price of $3.5; the price of the stock has increased by 4% since.