Scribd Logo
Carica

Benvenuto in Scribd!

  • Insider Purchases 1-10-10

    Caricato da

    chainbridgeinvesting
    15 visualizzazioni2 pagine
    Chain Bridge Investing (“CB”), on a weekly basis, will shift through the significant purchases — defined as an investment of $100,000 or more — that high level managers make in the companies they operate. While an insider’s purchase of his company is not a guarantee that the stock price will increase, a significant purchase can merit additional research. An insider that places a large sum of his money into the company he is operating, usually has confidence in its future financial results and its market position. Furthermore, the larger the insider’s ownership the more likely the insider will take corporate actions that are in favor of the shareholder, thus another reason for an investor seeking to allocate capital to prefer insider purchases. Nevertheless, insiders are not always correct, or perhaps, the information/edge giving them the confidence to buy more shares is fleeting. At times, insiders can become blind to the inadequacies and weaknesses of their companies. As a result, CB uses this process as a means of gathering new potential investment ideas that could merit future research after an initial quick analysis is performed. The results of this week’s search can be found below. In this particular batch, CVS Caremark Corporation (“CVS”) may warrant further consideration from CB. Yet, the insider, Per Lofberg, became president of the pharmacy benefits management business on January 4th, thus explaining part of the large purchase of CVS shares. As of September 30, 2009, noted investors Lee Ainslie and Chris Davis held long positions in CVS. If CB discovers any future investment potential in CVS, it will be posted on www.chainbridgeinvesting.com. Furthermore, CB totaled the amounts of purchases and sales from insiders during January 1st through January 8th. Insiders, in this context, are defined as anyone working in the daily operations of the company, thus pure directors and 10% owners are not included. The amount of purchases by insiders totaled $2,545,048, while the amount of sales by insiders totaled $294,879,109 for the observed period. This represents an extraordinary sell-to-buy ratio of 115.9x and does not, in general, say much about the confidence within the companies going forward. As a final note, these listings are in no way to be construed as financial advice or investment recommendations. These listings are meant to provide ideas to readers for their own research and show parts of the investment research process of CB. All data is pulled from Stock Pro Investor and Yahoo! Finance. CB is not an investment advisor, please read the disclaimer at www.chainbridgeinvesting.com/disclaimer/. Stocks, Investing, Investments, Investment Ideas, Insider Purchases, Companies, CVS, BFS, PTSX, CMRG, Casual Male Retail Group, Saul Centers, CVS Caremark, Point.360, David Levin, Francis Saul, Per Lofberg, Haig Bagerdjian, Value Investing, Cheap stocks, Value, Value Investors, Large Insider Buying, Investment Screens, Significant, Large, markets, indexes, Stock Performance

    Copyright

    © Attribution Non-Commercial (BY-NC)

    Formati disponibili

    PDF, TXT o leggi online da Scribd

    Hai trovato utile questo documento?

    Questo contenuto è inappropriato?

    Segnala questo documento
    Chain Bridge Investing (“CB”), on a weekly basis, will shift through the significant purchases — defined as an investment of $100,000 or more — that high level managers make in the companies they operate. While an insider’s purchase of his company is not a guarantee that the stock price will increase, a significant purchase can merit additional research. An insider that places a large sum of his money into the company he is operating, usually has confidence in its future financial results and its market position. Furthermore, the larger the insider’s ownership the more likely the insider will take corporate actions that are in favor of the shareholder, thus another reason for an investor seeking to allocate capital to prefer insider purchases. Nevertheless, insiders are not always correct, or perhaps, the information/edge giving them the confidence to buy more shares is fleeting. At times, insiders can become blind to the inadequacies and weaknesses of their companies. As a result, CB uses this process as a means of gathering new potential investment ideas that could merit future research after an initial quick analysis is performed. The results of this week’s search can be found below. In this particular batch, CVS Caremark Corporation (“CVS”) may warrant further consideration from CB. Yet, the insider, Per Lofberg, became president of the pharmacy benefits management business on January 4th, thus explaining part of the large purchase of CVS shares. As of September 30, 2009, noted investors Lee Ainslie and Chris Davis held long positions in CVS. If CB discovers any future investment potential in CVS, it will be posted on www.chainbridgeinvesting.com. Furthermore, CB totaled the amounts of purchases and sales from insiders during January 1st through January 8th. Insiders, in this context, are defined as anyone working in the daily operations of the company, thus pure directors and 10% owners are not included. The amount of purchases by insiders totaled $2,545,048, while the amount of sales by insiders totaled $294,879,109 for the observed period. This represents an extraordinary sell-to-buy ratio of 115.9x and does not, in general, say much about the confidence within the companies going forward. As a final note, these listings are in no way to be construed as financial advice or investment recommendations. These listings are meant to provide ideas to readers for their own research and show parts of the investment research process of CB. All data is pulled from Stock Pro Investor and Yahoo! Finance. CB is not an investment advisor, please read the disclaimer at www.chainbridgeinvesting.com/disclaimer/. Stocks, Investing, Investments, Investment Ideas, Insider Purchases, Companies, CVS, BFS, PTSX, CMRG, Casual Male Retail Group, Saul Centers, CVS Caremark, Point.360, David Levin, Francis Saul, Per Lofberg, Haig Bagerdjian, Value Investing, Cheap stocks, Value, Value Investors, Large Insider Buying, Investment Screens, Significant, Large, markets, indexes, Stock Performance

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Scarica in formato PDF, TXT o leggi online su Scribd
    Segnala contenuti inappropriati
    15 visualizzazioni2 pagine

    Insider Purchases 1-10-10

    Caricato da

    chainbridgeinvesting
    Chain Bridge Investing (“CB”), on a weekly basis, will shift through the significant purchases — defined as an investment of $100,000 or more — that high level managers make in the companies they operate. While an insider’s purchase of his company is not a guarantee that the stock price will increase, a significant purchase can merit additional research. An insider that places a large sum of his money into the company he is operating, usually has confidence in its future financial results and its market position. Furthermore, the larger the insider’s ownership the more likely the insider will take corporate actions that are in favor of the shareholder, thus another reason for an investor seeking to allocate capital to prefer insider purchases. Nevertheless, insiders are not always correct, or perhaps, the information/edge giving them the confidence to buy more shares is fleeting. At times, insiders can become blind to the inadequacies and weaknesses of their companies. As a result, CB uses this process as a means of gathering new potential investment ideas that could merit future research after an initial quick analysis is performed. The results of this week’s search can be found below. In this particular batch, CVS Caremark Corporation (“CVS”) may warrant further consideration from CB. Yet, the insider, Per Lofberg, became president of the pharmacy benefits management business on January 4th, thus explaining part of the large purchase of CVS shares. As of September 30, 2009, noted investors Lee Ainslie and Chris Davis held long positions in CVS. If CB discovers any future investment potential in CVS, it will be posted on www.chainbridgeinvesting.com. Furthermore, CB totaled the amounts of purchases and sales from insiders during January 1st through January 8th. Insiders, in this context, are defined as anyone working in the daily operations of the company, thus pure directors and 10% owners are not included. The amount of purchases by insiders totaled $2,545,048, while the amount of sales by insiders totaled $294,879,109 for the observed period. This represents an extraordinary sell-to-buy ratio of 115.9x and does not, in general, say much about the confidence within the companies going forward. As a final note, these listings are in no way to be construed as financial advice or investment recommendations. These listings are meant to provide ideas to readers for their own research and show parts of the investment research process of CB. All data is pulled from Stock Pro Investor and Yahoo! Finance. CB is not an investment advisor, please read the disclaimer at www.chainbridgeinvesting.com/disclaimer/. Stocks, Investing, Investments, Investment Ideas, Insider Purchases, Companies, CVS, BFS, PTSX, CMRG, Casual Male Retail Group, Saul Centers, CVS Caremark, Point.360, David Levin, Francis Saul, Per Lofberg, Haig Bagerdjian, Value Investing, Cheap stocks, Value, Value Investors, Large Insider Buying, Investment Screens, Significant, Large, markets, indexes, Stock Performance

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Scarica in formato PDF, TXT o leggi online su Scribd
    Segnala contenuti inappropriati
    di 2

    INSIDER PURCHASES

    WWW.CHAINBRIDGEINVESTING.COM

    CHAIN BRIDGE INVESTING


    JANUARY 10, 2010

    LARGE INSIDER PURCHASES FROM JANUARY 1 - 8, 2009

    Chain Bridge Investing (“CB”), on a weekly basis, will shift through the significant purchases — defined as an investment of
    $100,000 or more — that high level managers make in the companies they operate. While an insider’s purchase of his company is
    not a guarantee that the stock price will increase, a significant purchase can merit additional research. An insider that places a large
    sum of his money into the company he is operating, usually has confidence in its future financial results and its market position.
    Furthermore, the larger the insider’s ownership the more likely the insider will take corporate actions that are in favor of the share-
    holder, thus another reason for an investor seeking to allocate capital to prefer insider purchases.
    Nevertheless, insiders are not always correct, or perhaps, the information/edge giving them the confidence to buy more shares is
    fleeting. At times, insiders can become blind to the inadequacies and weaknesses of their companies. As a result, CB uses this
    process as a means of gathering new potential investment ideas that could merit future research after an initial quick analysis is
    performed. The results of this week’s search can be found below. In this particular batch, CVS Caremark Corporation (“CVS”)
    may warrant further consideration from CB. Yet, the insider, Per Lofberg, became president of the pharmacy benefits management
    business on January 4th, thus explaining part of the large purchase of CVS shares. As of September 30, 2009, noted investors Lee
    Ainslie and Chris Davis held long positions in CVS. If CB discovers any future investment potential in CVS, it will be posted on
    www.chainbridgeinvesting.com.

    Furthermore, CB totaled the amounts of purchases and sales from insiders during January 1st through January 8th. Insiders, in this
    context, are defined as anyone working in the daily operations of the company, thus pure directors and 10% owners are not in-
    cluded. The amount of purchases by insiders totaled $2,545,048, while the amount of sales by insiders totaled $294,879,109 for
    the observed period. This represents an extraordinary sell-to-buy ratio of 115.9x and does not, in general, say much about the con-
    fidence within the companies going forward.

    As a final note, these listings are in no way to be construed as financial advice or investment recommendations. These listings are
    meant to provide ideas to readers for their own research and show parts of the investment research process of CB. All data is
    pulled from Stock Pro Investor and Yahoo! Finance. CB is not an investment advisor, please read the disclaimer at
    www.chainbridgeinvesting.com/disclaimer/.

    EXHIBITS
    Exhibit A: Companies with Large Insider Purchases from January 1 - 8, 2010
    Oper. LT Debt/
    Date Insider Title Shares Trade Price Cost (000s) Company Ticker P/E P/FCFPS Margin Total Cap.
    1/7/2010 David A. Levin President & CEO 60,000 $ 2.36 $ 141.60 Casual Male Retail Group, Inc. CMRG nm 5.0x -18.0% 4.2%
    1/7/2010 Fancis B. Saul II CEO 8,000 32.57 260.56 Saul Centers, Inc. BFS 26.1x nm 27.3% 73.6%
    1/4/2010 Per G.H. Lofberg President 45,483 32.98 1,500.03 CVS Caremark Corporation CVS 13.7x 32.1x 6.5% 19.7%
    1/1/2010 Haig S. Bagerdjian President & CEO 465,217 1.06 493.13 Point.360 PTSX nm nm -31.5% 38.1%
    * CEO = Chief Executive Officer, P/E = Price/Earnings Ratio, P/FCFPS = Price/Free-Cash-Flow-Per-Share, Oper. Margin = Operating Margin; LT Debt/Total Cap. = Long-Term Debt/Total Capital, nm = not material;
    COO = Chief Operating Officer; SVP = Senior Vice President.
    * All company financial data is downloaded from Yahoo and Stock Investor Pro, Chain Bridge Investing does not guarantee the accuracy of these figures and encourages readers to do their own research.

    INSIDER PURCHASES

    © 2010 Chain Bridge Investing


    PURCHASES
    INSIDER
    WWW.CHAINBRIDGEINVESTING.COM

    CHAIN BRIDGE INVESTING


    JANUARY 10, 2010 PAGE 2

    EXHIBITS (CONTINUED)
    Exhibit B: Companies with Large Insider Purchases from January 1 - 8, 2010

    # Company Name Ticker Industry Exchange Website Country


    1 Casual Male Retail Group, Inc. CMRG Retail (Apparel) Nasdaq http://www.casualmale.com United States
    2 Saul Centers, Inc. BFS Real Estate Operations New York http://www.saulcenters.com/ United States
    3 CVS Caremark Corporation CVS Retail (Drugs) New York http://info.cvscaremark.com/ United States
    4 Point.360 PTSX Motion Pictures Nasdaq http://www.point360.com/ United States

    Exhibit C: Companies with Large Insider Purchases from January 1 - 8, 2010


    % of 52- Mkt. Cap. Cash Short Gross Oper. RoA RoE
    # Company Name Price Wk. High (m) Debt (m) (m) EV (m) Ratio Margin Margin (LTM) (LTM)
    1 Casual Male Retail Group, Inc. $ 2.80 74.1% $ 132 $ 35 $ 5 $ 162 3.7x 42.0% -18.0% -52.4% -136.3%
    2 Saul Centers, Inc. 34.49 93.6% 621 618 14 1,225 3.2x 76.4% 27.3% 2.6% 51.6%
    3 CVS Caremark Corporation 34.00 88.8% 47,959 11,960 1,131 58,788 1.4x 20.6% 6.5% 5.9% 10.2%
    4 Point.360 1.47 71.4% 15 12 4 23 .4x 29.9% -31.5% -35.1% -60.7%

    Exhibit D: Companies with Large Insider Purchases from January 1 - 8, 2010


    PE PE - 3 Yr. % S 1 Yr. S 3 Yr. EV/ LT Debt/ Net Debt/
    # Company Name P/E PE Yr+0 Yr+1 Avg. EPS PEG P/S P/B P/ FCFPS CapEx/S Gwth CAGR EBITDA Total Cap. EBITDA
    1 Casual Male Retail Group, Inc. nm 26.7x 17.0x NA nm .27x 1.2x 5.0x 1.6% -4.3% 1.8% 11.14x 4.2% 2.03x
    2 Saul Centers, Inc. 26.1x nm nm 22.9x nm 3.73x 14.0x nm 45.4% 6.4% 8.1% 11.94x 73.6% 5.88x
    3 CVS Caremark Corporation 13.7x 12.9x 12.2x 17.6x 1.1 .49x 1.3x 32.1x 2.5% 14.6% 33.2% 7.65x 19.7% 1.41x
    4 Point.360 nm nm nm NA nm .35x .9x nm 20.5% 0.9% 1.6% 21.27x 38.1% 7.27x
    * Abbreviations: EV = Enterprise Value; M = Millions; LTM = Latest-12 Months; RoA = Return on Assets; RoE = Return on Equity; P/E = Price/Earnings; PEG = Price/Estimated Earnings Growth;
    P/S = Price/Sales; P/B = Price/Book; P/FCFPS = Price/Free Cash Flow per Share; CapEx = Capital Expenditures; S = Sales; CAGR = Compounded Annual Growth Rate; EBITDA = Earnings Before
    Interest, Taxes, Depreciation and Amortization; NM = Not Material.
    * All quantitative data has been downloaded from several databases, the viewer should check company filings to verify these numbers. This presentation is meant to provide the reader with some
    * Due to formatting some company names may be abbreviated.

    INSIDER PURCHASES

    © 2010 Chain Bridge Investing

    Potrebbero piacerti anche