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Weekly CFO Buys Highlight: Mad Catz Interactive Inc, Herbalife Ltd., Brookdale Senior Living Inc.

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guruek
Mar 09, 2009
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According to GuruFocus Insider Data, the largest CFO buys during the past week are Mad Catz Interactive Inc, Herbalife Ltd., and Brookdale Senior Living Inc.


Mad Catz Interactive Inc (MCZ, Financial): CFO Stewart A Halpern Bought 150,000 Shares


CFO of Mad Catz Interactive Inc (MCZ, Financial) Stewart A Halpern bought 150,000 shares during the past week at an average price of $0.19. Mad Catz Interactive Inc. designs, develops, manufactures, and markets a full range of accessories for video game consoles and PC gaming systems. Mad Catz is a worldwide leader of innovative peripherals in the interactive entertainment industry. Mad Catz Interactive Inc has a market cap of $12.12 million; its shares were traded at around $0.19 with and P/S ratio of 0.14.


Mad Catz Interactive Inc recently reported fiscal results for its third quarter 2009 ended December 31, 2008. The company announced its total revenues of $40.8 million and net income/loss of $26.9 million ($0.49 per diluted share). This is compared to the third quarter last year which included total revenues/losses of $34.3 million and a net income/loss of $3.3 million ($0.06 per diluted share). Darren Richardson, President and Chief Executive Officer of Mad Catz, stated, “Mad Catz’ organic quarterly revenue growth in this challenging consumer environment reflects solid demand for our products, progress against our initiatives to diversify our offerings and geographical presence, as well as the relative strength of the video game industry. Throughout the 2008 holiday season, Mad Catz further strengthened its presence on the current generation of consoles with net sales for these consoles in the third quarter increasing approximately 57% from prior year levels. These gains reflect the positive consumer response to our full range of Rock Band accessories and portfolio of products for Nintendo’s Wii Fit. In addition to the positive sales momentum of core console videogame accessory offerings, the results reflect a full quarter of revenue contributions related to our November 2007 acquisition of PC peripheral provider Saitek.


Buy: Pres & CEO Darren Richardson bought 40,000 shares of MCZ stock on 02/24/2009 at the average price of $0.2, 50,000 shares of MCZ stock on 02/25/2009 at the average price of $0.2, and 50,000 shares of MCZ stock on 02/26/2009 at the average price of $0.21; the price of the stock has decreased by 9.52% since. color=green]Buy:[/color] VP & Gen Counsel of Subsidiary Whitney E Peterson bought 75,000 shares of MCZ stock on 03/05/2009 at the average price of $0.18; the price of the stock has increased by 5.56% since. Buy: Director Thomas R Brown bought 100,000 shares of MCZ stock on 03/02/2009 at the average price of $0.2; the price of the stock has decreased by 5% since. Buy: VP & Gen Counsel of Subsidiary Whitney E Peterson bought 275,000 shares of MCZ stock on 02/19/2009 at the average price of $0.18; the price of the stock has increased by 5.56% since.


Herbalife Ltd. (HLF, Financial): CFO Richard Goudis Bought 75,000 Shares


CFO of Herbalife Ltd. (HLF, Financial) Richard Goudis bought 75,000 shares on 03/02/2009 at an average price of $13.32. Herbalife is a global network marketing company offering a range of science-based weight management products nutritional supplements and personal care products intended to support weight loss and a healthy lifestyle. Herbalife Ltd. has a market cap of $870.57 million; its shares were traded at around $12.94 with a P/E ratio of 3.85 and P/S ratio of 0.37. The dividend yield of Herbalife Ltd. stocks is 5.87%.


Herbalife Ltd. recently reported fiscal results for its fourth quarter 2008 ended December 31,2008. The company announced its total revenues of $512.9 million and net income of $33.7 million ($0.53 per diluted share). This is compared to the fourth quarter last year which included a net income of $53.8 million ($0.77 per diluted share). "While 2008 was a record year for many of our financial metrics including net sales, operating profit and earnings per share, due to a combination of factors including the weakening global economy, volatile foreign currency markets and softer volume trends in certain key markets during the fourth quarter, we ended the year on a soft note. While we remain very confident in the long term prospects for our company, we are not satisfied with the recent volume trends and corresponding financial performance," said Chairman and Chief Executive Officer Michael O. Johnson. "In December, we announced a restructuring program that we believe will help improve alignment with, and service to, our distributors, as well as reduce workload in the organization and right-size our cost structure. Our business has the potential to thrive during economic downturns because we offer an opportunity for part-time or full-time income along with an attractively priced product. In addition, our products offer a healthy low-calorie meal along with nutritional supplements and weight-management products in the midst of a global obesity epidemic. Our message to distributors is straightforward; there has never been a better time to introduce someone to Herbalife."


Buy: SVP/Worldwide Dist. Sales Robert Levy bought 1,000 shares of HLF stock on 11/26/2008 at the average price of $16.75; the price of the stock has decreased by 22.75% since. Buy: Director Leon Waisbein bought 50,000 shares of HLF stock on 11/20/2008 at the average price of $15; the price of the stock has decreased by 13.73% since. Buy: Chief Accounting Officer David Pezzullo bought 1,585 shares of HLF stock on 11/19/2008 at the average price of $15.69; the price of the stock has decreased by 17.53% since. Buy: Director Hal Gaba bought 5,000 shares of HLF stock on 11/12/2008 at the average price of $17.7; the price of the stock has decreased by 26.89% since. Buy: General Counsel Brett Chapman bought 100 shares of HLF stock on 11/11/2008 at the average price of $18.88; the price of the stock has decreased by 31.46% since.


Brookdale Senior Living Inc. (BKD, Financial): Co-President and CFO Mark W Ohlendorf Bought 50,000 Shares


Co-President and CFO of Brookdale Senior Living Inc. (BKD, Financial) Mark W Ohlendorf bought 50,000 shares on 03/04/2009 at an average price of $3.1. Brookdale Senior Living Inc. is a leading owner and operator of senior living facilities throughout the United States. The Company is committed to providing an exceptional living experience through properties that are designed purpose-built and operated to provide the highest-quality service care and living accommodations for residents. The Company owns and operates independent assisted and dementia-care facilities. Brookdale Senior Living Inc. has a market cap of $370.4 million; its shares were traded at around $3.39 with and P/S ratio of 0.2.


Brookdale Senior Living Inc. recently reported fiscal results for its fourth quarter 2008 ended December 31, 2008. The company announced a net loss of $278.8 million ($2.75 per diluted share). Bill Sheriff, Brookdale's CEO, said, "We performed well during the fourth quarter. Occupancy held up in spite of an extremely challenging environment, revenue per unit increased by greater than 5%, our ancillary services programs continued to exceed expectations and we began to see the results of our aggressive cost reduction efforts. In our fourth quarter same store results, labor-related costs, supplies, travel, and training expenses all trended down from the third quarter. As validated in our January results, we believe our cost control actions, along with more aggressive control of capital expenditures, will continue to positively impact our cash flow going forward."


BKD is in the portfolios of Arnold Schneider of Schneider Capital Management, Ron Baron of Baron Funds.


Buy: Director Frank M Bumstead bought 20,000 shares of BKD stock on 03/05/2009 at the average price of $3.05; the price of the stock has increased by 11.15% since. Buy: Director James R Seward bought 10,000 shares of BKD stock on 11/07/2008 at the average price of $5.91, 10,000 shares of BKD stock on 11/11/2008 at the average price of $4.78, and 6,000 shares of BKD stock on 03/04/2009 at the average price of $3.07; the price of the stock has increased by 10.42% since. Sell: Executive Vice President H Todd Kaestner sold 1,796 shares of BKD stock on 01/02/2009 at the average price of $6.21; the price of the stock has decreased by 45.41% since.


  • CEO Buys, CFO Buys: Stocks that are bought by their CEO/CFOs.
  • Insider Cluster Buys: Stocks that multiple company officers and directors have bought.
  • Double Buys:: Companies that both Gurus and Insiders are buying
  • Triple Buys: Companies that both Gurus and Insiders are buying, and Company is buying back.

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