According to GuruFocus Insider Data, these are the largest CFO buys during the past week.
KB Home (KBH, Financial): EVP and CFO Raymond Silcock Bought 30,000 Shares
EVP and CFO of KB Home (KBH) Raymond Silcock bought 30,000 shares on 10/14/2009 at an average price of $15.69. KB Home is a builder of single-family homes with domestic operations in several western states and international operations in France. Domestically the company builds innovatively designed homes which cater primarily to first-time homebuyers generally in medium-sized developments close to major metropolitan areas. Internationally the company also builds commercial projects and high density residential properties such as condominium complexes. Kb Home has a market cap of $1.34 billion; its shares were traded at around $16.46 with and P/S ratio of 0.44. The dividend yield of Kb Home stocks is 1.65%.
KB Home recently reported fiscal results for the third quarter ended August 31, 2009. Revenues totaled $458.5 million, down 33% from $681.6 million in the third quarter of 2008, due to lower housing revenues. Third quarter housing revenues were $454.2 million, down 32% from $668.3 million in the year-earlier quarter, the result of a 20% year-over-year decrease in homes delivered to 2,240 and a 15% decline in the average selling price over the same period to $202,800. The Company generated a net loss of $66.0 million, or $.87 per diluted share, in the third quarter of 2009. These results included pretax, noncash charges of $47.7 million for inventory and joint venture impairments and the abandonment of land option contracts. In the 2008 third quarter, the Company reported a net loss of $144.7 million, or $1.87 per diluted share, which included pretax, noncash charges of $82.2 million for inventory and joint venture impairments.
KBH is in the portfolios of Charles Brandes of Brandes Investment.
Buy:: EVP and CFO on 10/14/2009 Raymond Silcock bought 30,000 shares of KBH stock at the average price of 15.69, the price of the stock has increased by 4.91% since.
American International Industries Inc. (AMIN, Financial): CFO Sherry Lynne Couturier Bought 200 Shares
CFO of American International Industries Inc. (AMIN) Sherry Lynne Couturier bought 200 shares on 10/08/2009 at an average price of $1.04. AMERICAN INTERNATIONAL INDUSTRIES INC. is a diversified holding company with a business model similar to General Electric Tyco International and Berkshire Hathaway. The Company has holdings in Industry Finance and Real Estate in Houston Texas and surrounding areas and Oil & Gas. The vision of the Company is to develop holdings in various industries through acquisition of existing companies applying the financial resources and management expertise to foster the growth and profitability of the acquired businesses. The holding company serves as a financial and professional partner to the management of the subsidiaries. The role of the holding company is to improve each subsidiary's access to capital achieve economies of scale by consolidating administrative functions and utilize the financial and management expertise of corporate personnel across all units. The Company is continuing to work with management of the subsidiary companies to improve revenues operations and American International Industries Inc has a market cap of $10.26 million; its shares were traded at around $1.15 with a P/E ratio of 4.46 and P/S ratio of 0.32.
On August 13, 2009, American International Industries, Inc. (AMIN), Delta Seaboard Well Service, Inc. (Delta), Hammonds Industries, Inc. (Hammonds) (Pinksheets: HMDI), and the minority interest owners of Delta entered into an agreement to effect a reverse merger of 100% of Delta into Hammonds. The parties anticipate closing this transaction within the next 30 days, but no later than the end of the year. Hammonds is a publicly traded company under the symbol HMDI.PK. Delta will be 100% owned by the public company. The name of Hammonds will be changed to Delta Seaboard International, Inc. and a new symbol will be obtained. Also, Delta will pursue listing on the OTCBB. Management believes that placing Delta in a separate publicly traded company will unlock the company’s value apart from American’s other subsidiaries and provide value to Hammonds’ shareholders. American will maintain its controlling interest in Delta and will continue to consolidate Delta with its other subsidiaries.
Buy:: Chairman and CEO on 09/17/2009 Daniel Dror bought 2,000 shares of AMIN stock at the average price of 1.06, 200 shares of AMIN stock at the average price of 1.15, 500 shares of AMIN stock at the average price of 1.04, and 200 shares of AMIN stock at the average price of 1.33, the price of the stock has decreased by 13.53% since.
For the complete list of stocks that bought by their CFOs, go to: Insider Buys.
KB Home (KBH, Financial): EVP and CFO Raymond Silcock Bought 30,000 Shares
EVP and CFO of KB Home (KBH) Raymond Silcock bought 30,000 shares on 10/14/2009 at an average price of $15.69. KB Home is a builder of single-family homes with domestic operations in several western states and international operations in France. Domestically the company builds innovatively designed homes which cater primarily to first-time homebuyers generally in medium-sized developments close to major metropolitan areas. Internationally the company also builds commercial projects and high density residential properties such as condominium complexes. Kb Home has a market cap of $1.34 billion; its shares were traded at around $16.46 with and P/S ratio of 0.44. The dividend yield of Kb Home stocks is 1.65%.
KB Home recently reported fiscal results for the third quarter ended August 31, 2009. Revenues totaled $458.5 million, down 33% from $681.6 million in the third quarter of 2008, due to lower housing revenues. Third quarter housing revenues were $454.2 million, down 32% from $668.3 million in the year-earlier quarter, the result of a 20% year-over-year decrease in homes delivered to 2,240 and a 15% decline in the average selling price over the same period to $202,800. The Company generated a net loss of $66.0 million, or $.87 per diluted share, in the third quarter of 2009. These results included pretax, noncash charges of $47.7 million for inventory and joint venture impairments and the abandonment of land option contracts. In the 2008 third quarter, the Company reported a net loss of $144.7 million, or $1.87 per diluted share, which included pretax, noncash charges of $82.2 million for inventory and joint venture impairments.
KBH is in the portfolios of Charles Brandes of Brandes Investment.
Buy:: EVP and CFO on 10/14/2009 Raymond Silcock bought 30,000 shares of KBH stock at the average price of 15.69, the price of the stock has increased by 4.91% since.
American International Industries Inc. (AMIN, Financial): CFO Sherry Lynne Couturier Bought 200 Shares
CFO of American International Industries Inc. (AMIN) Sherry Lynne Couturier bought 200 shares on 10/08/2009 at an average price of $1.04. AMERICAN INTERNATIONAL INDUSTRIES INC. is a diversified holding company with a business model similar to General Electric Tyco International and Berkshire Hathaway. The Company has holdings in Industry Finance and Real Estate in Houston Texas and surrounding areas and Oil & Gas. The vision of the Company is to develop holdings in various industries through acquisition of existing companies applying the financial resources and management expertise to foster the growth and profitability of the acquired businesses. The holding company serves as a financial and professional partner to the management of the subsidiaries. The role of the holding company is to improve each subsidiary's access to capital achieve economies of scale by consolidating administrative functions and utilize the financial and management expertise of corporate personnel across all units. The Company is continuing to work with management of the subsidiary companies to improve revenues operations and American International Industries Inc has a market cap of $10.26 million; its shares were traded at around $1.15 with a P/E ratio of 4.46 and P/S ratio of 0.32.
On August 13, 2009, American International Industries, Inc. (AMIN), Delta Seaboard Well Service, Inc. (Delta), Hammonds Industries, Inc. (Hammonds) (Pinksheets: HMDI), and the minority interest owners of Delta entered into an agreement to effect a reverse merger of 100% of Delta into Hammonds. The parties anticipate closing this transaction within the next 30 days, but no later than the end of the year. Hammonds is a publicly traded company under the symbol HMDI.PK. Delta will be 100% owned by the public company. The name of Hammonds will be changed to Delta Seaboard International, Inc. and a new symbol will be obtained. Also, Delta will pursue listing on the OTCBB. Management believes that placing Delta in a separate publicly traded company will unlock the company’s value apart from American’s other subsidiaries and provide value to Hammonds’ shareholders. American will maintain its controlling interest in Delta and will continue to consolidate Delta with its other subsidiaries.
Buy:: Chairman and CEO on 09/17/2009 Daniel Dror bought 2,000 shares of AMIN stock at the average price of 1.06, 200 shares of AMIN stock at the average price of 1.15, 500 shares of AMIN stock at the average price of 1.04, and 200 shares of AMIN stock at the average price of 1.33, the price of the stock has decreased by 13.53% since.
For the complete list of stocks that bought by their CFOs, go to: Insider Buys.
