Weekly CFO Buys Highlight: Consumer Portfolio Services, Redhook Ale Brewery, Reddy Ice Holdings, And Southern Union Company

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Apr 19, 2009
According to GuruFocus Insider Data, the largest CFO buys during the past week were Consumer Portfolio Services Inc., Redhook Ale Brewery Inc., Reddy Ice Holdings Inc., and Southern Union Company.


Consumer Portfolio Services Inc. (CPSS, Financial): SVP & CFO Jeffrey P Fritz Bought 5,000 Shares


SVP & CFO of Consumer Portfolio Services Inc. (CPSS) Jeffrey P Fritz bought 5,000 shares on 04/09/2009 at an average price of $0.5. CONSUMER PORTFOLIO SERVICES is a consumer finance company that specializes in purchasing selling and servicing contracts with purchases of vechicles who are sub prime borrowers and are unable to obtain credit from traditional sources. Consumer Portfolio Services Inc. has a market cap of $11.8 million; its shares were traded at around $0.605. Consumer Portfolio Services Inc. had an annual average earning growth of 70.9% over the past 5 years.


Consumer Portfolio Services recently reported fiscal results for its fourth quarter 2008 ended December 31, 2008. The company announced its total revenue of $74.6 million and a net loss of $23.4 million ($1.22 per diluted share). This is compared to the fourth quarter last year which included total revenue of $109.5 million and a net income of $3.5 million ($0.17 per diluted share). "2008 was a challenging period with the capital markets frozen for much of the year and the weakening economic picture," said Charles E. Bradley, Jr., President and Chief Executive Officer.


Redhook Ale Brewery Inc. (Hook): CFO & Trea Mark D. Moreland Bought 4,400 Shares


CFO & Trea of Redhook Ale Brewery Inc. (Hook) Mark D Moreland bought 4,400 shares on 04/09/2009 at an average price of $1.7. CRAFT BREWERS ALLIANCE INC. headquartered in Portland Oregon is a leading brewer of high quality hand crafted beers in the United States. CBAI offers a diverse portfolio of award-winning products from The Redhook Ale Brewery of Woodinville Washington and Portsmouth New Hampshire Widmer Brothers Brewing Company of Portland Oregon Kona Brewing Company of Kailua Kona Hawaii and Goose Island Beer Company of Chicago Illinois. Redhook Ale Brewery Inc. has a market cap of $32 million; its shares were traded at around $1.8801 with and P/S ratio of 0.3. Redhook Ale Brewery Inc. had an annual average earning growth of 17.5% over the past 5 years.


Buy: CEO Terry E Michaelson bought 3,000 shares of Hook stock on 04/13/2009 at the average price of $1.62; the price of the stock has increased by 16.06% since. Buy: VP, Brewing Operations & Tech V Sebastian Pastore bought 22,000 shares of Hook stock on 04/02/2009 at the average price of $1.16 and 13,000 shares of Hook stock on 04/14/2009 at the average price of $1.87; the price of the stock has increased by 0.54% since. Buy: Director Kevin R Kelly bought 23,100 shares of Hook stock on 04/07/2009 at the average price of $1.2; the price of the stock has increased by 56.68% since.


Reddy Ice Holdings Inc. (FRZ, Financial): Exec. VP, CFO & Secretary Steven J. Janusek Bought 6,500 Shares


Exec. VP, CFO & Secretary of Reddy Ice Holdings Inc. (FRZ) Steven J. Janusek bought 6,500 shares during the past week at an average price of $1.5. Reddy Ice manufactures and distributes packaged ice under the Reddy Ice brand name. Reddy Ice Holdings Inc. has a market cap of $41.1 million; its shares were traded at around $1.86 with a P/E ratio of 8.5 and P/S ratio of 0.1.


Reddy Ice Holdings Inc. recently reported fiscal results for its fourth quarter 2008 ended December 31, 2008. The company announced its total revenues of $57.9 million and a net loss of $0.44 per diluted share. This is compared to the same quarter last year which included total revenues of $64.3 million and a net loss of $0.30 per diluted share. "Our results for the fourth quarter were below our expectations, as the effects of the slowing national economy continued to put pressure on sales volumes and we incurred some significant one time expenses related to the completion of our strategic review and the change in audit firms," commented Gilbert M. Cassagne, the Company's Chief Executive Officer.


Buy: CEO & President Gilbert M. Cassagne bought 19,950 shares of FRZ stock on 04/03/2009 at the average price of $1.5, 13,300 shares of FRZ stock on 04/13/2009 at the average price of $1.5, and 12,750 shares of FRZ stock on 04/16/2009 at the average price of $1.55; the price of the stock has increased by 20% since. Buy: VP-Finance & Treasurer Mark A. Steffek bought 16,945 shares of FRZ stock on 03/16/2009 at the average price of $1.48; the price of the stock has increased by 25.68% since. Buy: Director Michael H. Rauch bought 2,500 shares of FRZ stock on 03/13/2009 at the average price of $1.4; the price of the stock has increased by 32.86% since. Buy: 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 24% since. Buy: Executive VP & COO Paul D. Smith bought 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 14.68% since.


Southern Union Company (SUG, Financial): SVP & CFO Richard N Marshall Bought 106 Shares


SVP & CFO of Southern Union Company (SUG) Richard N Marshall bought 106 shares on 04/13/2009 at an average price of $15.54. Southern Union is a natural gas utilities company whose principal line of business is the distribution of natural gas as a public utility through its operating divisions principally in Texas Missouri Florida Pennsylvania Rhode Island and Massachusetts. Southern Union Company has a market cap of $2.03 billion; its shares were traded at around $16.4 with a P/E ratio of 8.9 and P/S ratio of 0.6. The dividend yield of Southern Union Company stocks is 3.6%. Southern Union Company had an annual average earning growth of 20.3% over the past 10 years.


SUG is in the portfolios of Ron Baron of Baron Funds.


Buy: Chairman & CEO George L. Lindemann bought 862 shares of SUG stock on 01/12/2009 at the average price of $13.85 and 1,321 shares of SUG stock on 04/13/2009 at the average price of $13.85; the price of the stock has increased by 18.41% since. Buy: COO of Division Robert J. Hack bought 78 shares of SUG stock on 04/13/2009 at the average price of $15.54; the price of the stock has increased by 5.53% since. Buy: Director George III Rountree bought 5,000 shares of SUG stock on 11/21/2008 at the average price of $11; the price of the stock has increased by 49.09% since. Buy: Director Thomas N. III Mccarter bought 631 shares of SUG stock on 11/13/2008 at the average price of $13.46; the price of the stock has increased by 21.84% since.


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