Weekly CEO Buys Highlight: TDY, KOPN, QDEL, SALM, FCAL

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Mar 25, 2012
According to GuruFocus Insider Data, these are the largest CEO buys during the past week. The overall trend of CEOs is illustrated in the chart below:

Teledyne Tech (TDY, Financial): Chairman, Pres. & CEO Robert Mehrabian Bought 10,000 Shares

Chairman, Pres. & CEO of Teledyne Tech (TDY) Robert Mehrabian bought 10,000 shares on 03/15/2012 at an average price of $61.78. Teledyne Technologies Inc. is a provider of sophisticated electronic and communication products, systems engineering solutions and information technology services, and aerospace engines and components. Teledyne Tech has a market cap of $2.24 billion; its shares were traded at around $61.78 with a P/E ratio of 16.3 and P/S ratio of 1.2. Teledyne Tech had an annual average earnings growth of 20.9% over the past 10 years. GuruFocus rated Teledyne Tech the business predictability rank of 2.5-star.

Teledyne recently reported fourth quarter 2011 sales from continuing operations of $474.5 million, compared with sales of $421.5 million for the fourth quarter of 2010, an increase of 12.6%. Net income from continuing operations including noncontrolling interest was $36.8 million ($0.99 per diluted share) for the fourth quarter of 2011, compared with $37.0 million ($1.00 per diluted share) for the fourth quarter of 2010.

Joel Greenblatt owns 17,405 shares as of 12/31/2011, an increase of 23.09% from the previous quarter. This position accounts for 0.12% of the $829 million portfolio of Gotham Capital. Ken Fisher owns 865,681 shares as of 12/31/2011, which accounts for 0.14% of the $33.5 billion portfolio of Fisher Asset Management, LLC. John Keeley owns 527,780 shares as of 12/31/2011, which accounts for 0.61% of the $4.78 billion portfolio of Keeley Fund Management.

Director Paul David Miller sold 4,000 shares of TDY stock on 02/24/2012 at the average price of 61.01. Paul David Miller owns at least 9,710 shares after this. The price of the stock has increased by 1.26% since. Other insiders have also decreased their positions in the company.

Kopin Corp (KOPN, Financial): President and CEO John C C Fan Bought 49,000 Shares

President and CEO of Kopin Corp (KOPN) John C C Fan bought 49,000 shares on 03/22/2012 at an average price of $3.75. Kopin Corp. is a manufacturer of gallium arsenide transistor products and miniature flat panel displays for wireless communications and portable consumer electronics. Kopin Corp has a market cap of $235.4 million; its shares were traded at around $3.75 with a P/E ratio of 57.8 and P/S ratio of 1.8.

Total revenues for the fiscal year ended December 31, 2011 increased 8.9 percent to $131.1 million from $120.4 million a year earlier. III-V revenues rose 6.8 percent to $66.5 million for fiscal 2011 from $62.2 million in fiscal 2010. Display product revenue increased 11.2 percent to $64.7 million from $58.2 million a year earlier.

Jean-Marie Eveillard owns 4,920,113 shares as of 12/31/2011, which accounts for 0.084% of the $22.79 billion portfolio of First Eagle Investment Management, LLC.

Chief Technology Officer Hong K Choi bought 30,000 shares of KOPN stock on 03/22/2012 at the average price of 3.51. Hong K Choi owns at least 221,696 shares after this. The price of the stock has increased by 6.84% since.

Quidel Corp (QDEL, Financial): President & CEO Douglas C Bryant Bought 10,000 Shares

President & CEO of Quidel Corp (QDEL) Douglas C Bryant bought 10,000 shares on 03/19/2012 at an average price of $17.77. Quidel Corp. discovers, develops, manufactures and markets point-of-care, rapid diagnostic tests for detection of medical conditions and illnesses. Quidel Corp has a market cap of $541 million; its shares were traded at around $17.77 with a P/E ratio of 51.1 and P/S ratio of 3.4.

For the fourth quarter of 2011, total revenues increased to $38.4 million from $31.7 million in the fourth quarter of 2010, an increase of 21%. The increase in revenues was driven by growth of infectious disease and women's health products.

For the fourth quarter of 2011, total revenues increased to $38.4 million from $31.7 million in the fourth quarter of 2010, an increase of 21%. The increase in revenues was driven by growth of infectious disease and women's health products.

Mario Gabelli owns 587,591 shares as of 12/31/2011, which accounts for 0.071% of the $12.57 billion portfolio of GAMCO Investors.

Director Jack W Schuler bought 65,815 shares of QDEL stock on 03/21/2012 at the average price of 16.6. Jack W Schuler owns at least 3,311,465 shares after this. The price of the stock has increased by 7.05% since. There are mixed trades from other insiders.

Salem Comm (SALM, Financial): CEO, 10% Owner Edward G Atsinger Iii Bought 35,000 Shares

CEO, 10% Owner of Salem Comm (SALM) Edward G Atsinger Iii bought 35,000 shares on 03/19/2012 at an average price of $4.44. Salem Communications Corp. is one of the largest U. Salem Comm has a market cap of $96.9 million; its shares were traded at around $4.44 with a P/E ratio of 13.8 and P/S ratio of 0.4. Salem Comm had an annual average earnings growth of 3.6% over the past 10 years.

SALM recently reported its fourth quarter 2011 results. Total revenue increased 6.2% to $57.1 million from $53.7 million

Mario Gabelli owns 1,088,914 shares as of 12/31/2011, which accounts for 0.022% of the $12.57 billion portfolio of GAMCO Investors.

Chairman of the Board, 10% Owner Stuart W Epperson bought 28,723 shares of SALM stock on 03/15/2012 at the average price of 3.8. Stuart W Epperson owns at least 2,917,065 shares after this. The price of the stock has increased by 16.84% since.

First Ca Finl (FCAL, Financial): President & CEO Chong Guk Kum Bought 28,356 Shares

President & CEO of First Ca Finl (FCAL) Chong Guk Kum bought 28,356 shares on 03/21/2012 at an average price of $5.4. NATIONAL MERCANTILE BANCORP principal business is to serve as a holding company for Mercantile National Bank, and for other banking or banking-related subsidiaries which the Co. First Ca Finl has a market cap of $150.5 million; its shares were traded at around $5.4 with a P/E ratio of 7.6 and P/S ratio of 1.3.

Director Joseph N Cohen bought 10,000 shares of FCAL stock on 12/07/2011 at the average price of 3.45. Joseph N Cohen owns at least 29,091 shares after this. The price of the stock has increased by 56.52% since.