Company CEOs Buy Stocks While Stock Market Tumbles: Monster Worldwide, GLG PARTNERS, Mylan Laboratories, Rockwood Holdings

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Feb 28, 2009
Last week's top four stocks that were bought by their CEOs were Monster Worldwide Inc, GLG PARTNERS, INC, Mylan Laboratories Inc, and Rockwood Holdings Inc. According to GuruFocus Insider Data, these are the largest CEO buys during the past week.


Monster Worldwide Inc. (MWW, Financial): Chairman, President and CEO Salvatore Iannuzzi Bought 120,852 Shares


Chairman, President and CEO of Monster Worldwide Inc. (MWW) Salvatore Iannuzzi bought 120,852 shares on 02/26/2009 at an average price of $6.59.


Monster Worldwide Inc is the online recruitment leader and the parent company of Monster the leading global careers website. It has a market cap of $1.01 billion; its shares were traded at around $6.59 with a P/E ratio of 5.9 and P/S ratio of 0.75. Monster Worldwide Inc. had an annual average earning growth of 6.1% over the past 10 years.


Monster Worldwide recently reported its fourth quarter and full year 2008 results. The company announced that its diluted earnings per share from continuing operations were $0.24. The company's Total Revenue was $291 Million. The company's Non-GAAP diluted earnings per share from continuing operations was $0.27, excluding its $0.03 Loss from ChinaHR, which the company recently acquired.


Among GuruFocus Gurus: Arnold Schneider bought 94,150 shares in the quarter that ended on 12/31/2008, which is 0.08% of the $1.4 billion portfolio of Schneider Capital Management. Bill Miller owns 2,789,400 shares as of 06/30/2008, an increase of 65.11% from the previous quarter. This position accounts for 1.22% of the $14.27 billion portfolio of Legg Mason Value Trust. PRIMECAP Management owns 76,000 shares as of 12/31/2008, which accounts for less than 0.01% of the $43.42 billion portfolio of PRIMECAP Management. Joel Greenblatt sold out his holdings in the quarter that ended on 12/31/2008


GLG PARTNERS, INC. (GLG, Financial): Co-CEO, 10% Owner Emmanuel Roman Bought 326,642 Shares


Co-CEO, 10% Owner of GLG PARTNERS, INC. (GLG) Emmanuel Roman bought 326,642 shares during the past week at an average price of $2.17.


GLG PARTNERS is an alternative asset offering a diverse range of investment products and account management services. The company has a market cap of $505.42 million; its shares were traded at around $2.17 with a P/E ratio of 5.2 and P/S ratio of 1.02.


GLG recently reported its fourth quarter and full year 2008 results. The company reported a net revenue of $72.7 million for the fourth quarter of 2008 and $495.0 million for the full year 2008, down 52% from 2007. Non GAAP adjusted net income was $28.2 million, down 78% year-over-year, for the quarter ended December 31, 2008, and $128.0 million, down 57% year-over-year, for 2008.


Among GuruFocus Gurus: PRIMECAP Management owns 56,276 shares as of 12/31/2008, which accounts for less than 0.01% of the $43.42 billion portfolio of PRIMECAP Management. Buy: Chairman & Co-CEO, 10% Owner Noam Gottesman bought 4,404 shares of GLG stock on 02/26/2009 at the average price of $2.24; the price of the stock has decreased by 3.13% since.


Mylan Laboratories Inc. (MYL, Financial): Vice Chairman, CEO, Director Robert J Coury Bought 50,000 Shares


Vice Chairman, CEO, Director of Mylan Laboratories Inc. (MYL) Robert J Coury bought 50,000 shares during the past week at an average price of $12.43.


Mylan Inc. is one of the world's leading generic and specialty pharmaceutical companies. The Company has a market cap of $3.6 billion; its shares were traded at around $12.43 with a P/E ratio of 19.6 and P/S ratio of 2.23. Mylan Laboratories Inc. had an annual average earning growth of 16.8% over the past 10 years. GuruFocus rated Mylan Laboratories Inc. the business predictability rank of 2.5-star.


Mylan Laboratories recently reported its fourth quarter and full year 2008 results. Its adjusted diluted EPS was $0.26 for the quarter that ended on Dec. 31, 2008, and adjusted diluted EPS of $0.80 for the year that Ended Dec. 31, 2008. Total revenues were $1.20 billion for the three months ended Dec. 31, 2008, an increase of $47.8 million over the same prior year period.


Among GuruFocus Gurus: George Soros bought 10,000 shares in the quarter that ended on 12/31/2008, which is less than 0.01% of the $3.06 billion portfolio of Soros Fund Management LLC. Charles Brandes owns 304,255 shares as of 12/31/2008, an increase of 1160.12% from the previous quarter. This position accounts for 0.01% of the $20.68 billion portfolio of Brandes Investment. David Dreman owns 208,850 shares as of 12/31/2008, which accounts for 0.03% of the $7.73 billion portfolio of Dreman Value Management.


Director Rodney L Piatt bought 5,000 shares of MYL stock on 02/23/2009 at the average price of $12.83; the price of the stock has decreased by 3.12% since.


Rockwood Holdings Inc. (ROC, Financial): Chairman & CEO Seifi Ghasemi Bought 50,000 Shares


Chairman & CEO of Rockwood Holdings Inc. (ROC) Seifi Ghasemi bought 50,000 shares during the past week at an average price of $5.89.


Rockwood Holdings Inc. is the parent company of Rockwood Specialties Group Inc. a specialty chemicals and advanced materials company. The company has a market cap of $626.53 million; its shares were traded at around $5.89 with a P/E ratio of 2.9 and P/S ratio of 0.2.


Rockwood Holdings Inc. recently reported its fourth quarter and full year 2008 results. The company announced fourth quarter net sales of $732.3 million. EPS from continuing operations was $(9.91) including special charges, compared to $0.19 for the fourth quarter 2007.


Among GuruFocus Gurus: NWQ Managers owns 689,902 shares as of 12/31/2008, which accounts for 0.05% of the $15.24 billion portfolio of NWQ Investment Management Co. Jean-Marie Eveillard owns 135,200 shares as of 12/31/2008, a decrease of 26.75% of from the previous quarter. This position accounts for 0.02% of the $7.54 billion portfolio of Arnhold & S. Bleichroeder Advisers, LLC.


Director Douglas L Maine bought 10,000 shares of ROC stock on 11/20/2008 at the average price of $5.72; the price of the stock has increased by 2.97% since.


For the complete list of stocks that bought by their company CEOs, go to: CEO Buys.