Weekly CEO Buy Highlights: GHL ACQUISITION CORP, The Steak n Shake Company, The Bancorp Inc, Questar Corp, Cenveo Inc.

Weekly CEO Buy Highlights

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Aug 23, 2009
According to GuruFocus Insider Data, these are the largest CEO buys during the past week.

GHL ACQUISITION CORP (GHQ, Financial): CEO Scott L Bok Bought 118,300 Shares

CEO of GHL ACQUISITION CORP (GHQ) Scott L Bok bought 118,300 shares on 08/20/2009 at an average price of $9.95. GHL ACQUISITION CORP. is a newly formed blank check company organized for the purpose of effecting a merger capital stock exchange asset acquisition stock purchase reorganization or other similar business combination with one or more businesses or assets which they refer to as their initial business combination. The Company will not limit its efforts in identifying a prospective target business to a particular industry. Instead they will focus on industries and target businesses in the United States and Europe that may provide significant opportunity for growth. Ghl Acquisition Corp has a market cap of $482.7 million; its shares were traded at around $9.95 .

Jean-Marie Eveillard bought 363,900 shares in the quarter that ended on 06/30/2009, which is 0.04% of the $8.91 billion portfolio of Arnhold & S. Bleichroeder Advisers, LLC. Seth Klarman sold out his holdings in the quarter that ended on 06/30/2009.

Buy: Senior Vice President Robert H Niehaus bought 25,100 shares of GHQ stock on 06/30/2009 at the average price of $9.79; the price of the stock has increased by 1.63% since. Other gurus are also increasing their positions in the company.

The Steak n Shake Company (SNS, Financial): CEO Sardar Biglari, Bought 107,500 Shares

CEO of The Steak n Shake Company (SNS) Sardar Biglari, bought 107,500 shares on 08/21/2009 at an average price of $10.15. Steak n Shake is a full service casual dining restaurant serving a core menu of its famous Steakburger sandwiches thin 'n crispy french fries old fashioned hand-dipped milk shakes chili home style soups fresh salads a variety of desserts and breakfast. All of the food is prepared to the guest's order and served by friendly well-trained associates. Steak n Shake restaurants feature full-service dining areas counter service and drive-thru windows and are open twenty-four hours a day seven days a week. The Steak N Shake Company has a market cap of $292 million; its shares were traded at around $10.15 with and P/S ratio of 0.5. The Steak N Shake Company had an annual average earning growth of 5.6% over the past 10 years.

SNS recently reported its third quarter 2009 results. The company announced that its net earnings for the quarter were $3.8 million, or 13 cents per diluted share, compared to a net loss of 35 cents per diluted share in the third quarter of 2008.

John Rogers bought 23,495 shares in the quarter that ended on 06/30/2009, which is 0.01% of the $3.7 billion portfolio of ARIEL CAPITAL MANAGEMENT LLC. John Keeley sold out his holdings in the quarter that ended on 06/30/2009.

Buy: Director William Joseph Regan bought 500 shares of SNS stock on 05/06/2009 at the average price of $11.5; the price of the stock has decreased by 11.74% since.

The Bancorp Inc (TBBK, Financial): CEO Betsy Z Cohen Bought 100,000 Shares

CEO of The Bancorp Inc (TBBK) Betsy Z Cohen bought 100,000 shares on 08/13/2009 at an average price of $6.1. The Bancorp Bank is a Delaware-chartered federally insured commercial bank which focuses on service to small and mid-size businesses and their principals in the Philadelphia-Wilmington market area and on private-label affinity group programs including merchant card servicing. The Bancorp Inc has a market cap of $88.7 million; its shares were traded at around $6.1 with and P/S ratio of 1.

The Bancorp Inc. recently reported its second quarter 2009 results. The company announced that it had a net income of 1 cent per share, compared to a net loss of 29 cents per share in the second quarter of 2008. For the first half of 2009, The Bancorp reported a net income of 3 cents per share, compared to a net loss of 10 cents per share a year ago.

Donald Yacktman owns 1,891,927 shares as of 06/30/2009, which accounts for 1.07% of the $1.06 billion portfolio of Yacktman Asset Management Co..

Buy: Director Matthew Cohn bought 4,000 shares of TBBK stock on 08/13/2009 at the average price of $5.75; the price of the stock has increased by 6.09% since.

Questar Corp. (STR, Financial): Pres.& CEO Keith O Rattie Bought 10,000 Shares

Pres.& CEO of Questar Corp. (STR) Keith O Rattie bought 10,000 shares on 08/17/2009 at an average price of $34.79. Questar Corporation is a natural gas-focused energy company with five major lines of business - gas and oil exploration and production midstream field services energy marketing interstate gas transportation and retail gas distribution. The company has a market cap of $6.06 billion; its shares were traded at around $34.79 with a P/E ratio of 10.4 and P/S ratio of 1.6. The dividend yield of Questar Corp. stocks is 1.5%. Questar Corp. had an annual average earning growth of 15% over the past 10 years. GuruFocus rated Questar Corp. the business predictability rank of 3.5-star.

Questar recently reported its second quarter 2009 reuslts. The company announced that its net income dropped 55% in the second quarter of 2009, from 98 cents per share to 44 cents per share.

T Boone Pickens owns 224,000 shares as of 06/30/2009, an increase of 40% from the previous quarter. This position accounts for 8.13% of the $85 million portfolio of BP Capital. Irving Kahn owns 17,950 shares as of 06/30/2009, an increase of 12.54% from the previous quarter. This position accounts for 0.15% of the $372 million portfolio of Kahn Brothers & Company Inc.. Irving Kahn owns 15,950 shares as of 03/31/2009, a decrease of 33.4% of from the previous quarter. This position accounts for 0.13% of the $372 million portfolio of Kahn Brothers & Company Inc..

Sell: VP and General Counsel Thomas C Jepperson sold 5,000 shares of STR stock on 05/08/2009 at the average price of $35.1; the price of the stock has decreased by 0.88% since.

Cenveo Inc. (CVO, Financial): Chairman and CEO Robert G Sr Burton Bought 80,750 Shares

Chairman and CEO of Cenveo Inc. (CVO) Robert G Sr Burton bought 80,750 shares during the past week at an average price of $4.94. Cenveo Inc. is one of North America's leading providers of visual communications with one-stop services from design through fulfillment. They are uniquely positioned serving both direct customers through their commercial segment doing business under the name Cenveo and distributors and resellers of print and office products through their resale segment. Cenveo's broad portfolio of services and products include e-services envelopes offset and digital printing as well as printed office products. Cenveo Inc. has a market cap of $269.8 million; its shares were traded at around $4.94 with a P/E ratio of 4.9 and P/S ratio of 0.1. Cenveo Inc. had an annual average earning growth of 13.5% over the past 5 years.

Cenveo recently reported its second quarter 2009 results. The company announced that its net sales were $397 million, compared to $525 million in the same period of the previous year. Net income was ($0.34), compared to 5 cents per share in the same quarter of 2008.

John Keeley owns 355,000 shares as of 06/30/2009, a decrease of 69.66% of from the previous quarter. This position accounts for 0.03% of the $5.82 billion portfolio of Keeley Fund Management.

Buy: President, Field Sales & Mfg Mark S Hiltwein bought 5,000 shares of CVO stock on 06/02/2009 at the average price of $4.89; the price of the stock has increased by 1.02% since. Many other gurus also increased their positions in the company.