Weekly CFO Buys Highlight: Skye International Inc and Reddy Ice Holdings Inc.

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Apr 28, 2009
According to GuruFocus Insider Data, the largest CFO buys during the past week were Skye Intl Inc. and Reddy Ice Holdings Inc.


Skye International Inc. (SKYI, Financial): CFO, CAO, Secretary, Treasurer, 10% Owner Thaddeus F Marek Bought 120,000 Shares


CFO, CAO, Secretary, Treasurer, 10% Owner of SKYE INTL INC (SKYI) Thaddeus F Marek bought 120,000 shares on 04/20/2009 at an average price of $0.25. .


Buy: President & CEO, 10% Owner Perry D Logan bought 120,000 shares of SKYI stock on 04/20/2009 at the average price of $0.25; the price of the stock has decreased by 100% since. Buy: Executive VP & COO Gregg C Johnson bought 30,000 shares of SKYI stock on 04/20/2009 at the average price of $0.25; the price of the stock has decreased by 100% since.


Reddy Ice Holdings Inc. (FRZ, Financial): Exec. VP, CFO & Secretary Steven J Janusek Bought 4,750 Shares


Exec. VP, CFO & Secretary of Reddy Ice Holdings Inc. (FRZ) Steven J Janusek bought 4,750 shares during the past week at an average price of $1.55. Reddy Ice manufactures and distributes packaged ice under the Reddy Ice brand name. Reddy Ice Holdings Inc. has a market cap of $61.2 million; its shares were traded at around $2.77 with a P/E ratio of 12.4 and P/S ratio of 0.2.


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 fourth quarter the 2007, 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 6,250 more shares of FRZ stock on 04/16/2009 at the average price of $1.6, 13,300 more shares of FRZ stock on 04/13/2009 at the average price of $1.5, 19,950 more shares of FRZ stock on 04/03/2009 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 78.71% since. Buy: Exec. VP, CFO & Secretary Steven J Janusek bought 3,200 more shares of FRZ stock on 04/16/2009 at the average price of $1.55, 3,300 more shares of FRZ stock on 04/13/2009 at the average price of $1.5, 4,950 more shares of FRZ stock on 04/03/2009 at the average price of $1.5, 4,000 more shares of FRZ stock on 03/10/2009 at the average price of $1.34, and 1,550 shares of FRZ stock on 04/16/2009 at the average price of $1.6; the price of the stock has increased by 73.13% 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 87.16% 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 97.86% since.


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