Weekly CFO Buys Highlight: BWEN, EMC, INO, DCTH, ACCO

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Jun 11, 2012
According to GuruFocus Insider Data, these are the largest CFO buys during the past week. The overall trend of CFOs is illustrated in the chart below:





Broadwind Energy (BWEN, Financial): Executive Vice President and CFO Stephanie K. Kushner Bought 100,000 Shares


Executive Vice President and CFO of Broadwind Energy (BWEN) Stephanie K. Kushner bought 100,000 shares on 06/04/2012 at an average price of $0.26. Broadwind Energy Inc., headquartered in Naperville, Ill., owns, supports, grows and strategically positions companies that manufacture, install and maintain components for the energy industry, with a primary emphasis on the wind energy sector. Broadwind Energy has a market cap of $38.1 million; its shares were traded at around $0.27 with and P/S ratio of 0.2.


Broadwind Energy Inc. reported sales of $54.4 million for the first quarter of 2012, a 25% increase compared to $43.5 million in the first quarter of 2011.


Executive Vice President and CFO Stephanie K. Kushner bought shares of BWEN stock.


10% Owner Austin W. Marxe & David Greenhouse sold shares of BWEN stock.


EMC Corp.-Mass (EMC, Financial): CFO Edward H. Dickinson Bought 30,000 Shares


CFO of EMC Corp.-Mass (EMC) Edward H. Dickinson bought 30,000 shares on 05/29/2012 at an average price of $0.08. EMC Corporation and its subsidiaries design, manufacture, market and support a wide range of hardware and software products and provide services for the storage, management, protection and sharing of electronic information. EMC Corp.-mass has a market cap of $48.02 billion; its shares were traded at around $24.64 with a P/E ratio of 17.4 and P/S ratio of 2.4. EMC Corp.-mass had an annual average earnings growth of 29.3% over the past 10 years.


Chairman, President and CEO Joseph M. Tucci, Executive Vice President and CFO David I. Goulden, and Executive Vice President and Chief Marketing Officer Jeremy Burton sold shares of EMC stock.


CFO Edward H. Dickinson bought shares of EMC stock.


Inovio Pharmaceuticals (INO, Financial): CFO Peter Kies Bought 25,000 Shares


CFO of Inovio Pharmaceuticals (INO) Peter Kies bought 25,000 shares on 06/05/2012 at an average price of $0.41. Inovio Pharmaceuticals Inc., formerly known as Inovio Biomedical Corporation, is engaged in the discovery, development, and delivery of a new generation of vaccines, called DNA vaccines, focused on cancers and infectious diseases. Inovio Pharmaceuticals has a market cap of $57.8 million; its shares were traded at around $0.42 with and P/S ratio of 5.8.


Inovio Pharmaceuticals Inc. reported financial results for the quarter ended March 31, 2012. Total revenue was $1.7 million for the three months ended March 31, 2012, compared to $3.1 million for the same period in 2011. Total operating expenses were $5.9 million compared to $7.5 million. The net loss attributable to common stockholders was $8.3 million, or $0.06 per share, compared to $2.4 million, or $0.02 per share.


CFO Kenneth D. Misch bought shares of DVOX stock.


Delcath Systems Inc. (DCTH, Financial): Executive Vice President and CFO Graham G. Miao Bought 20,000 Shares


Executive Vice President and CFO of Delcath Systems Inc. (DCTH) Graham G. Miao bought 20,000 shares on 05/31/2012 at an average price of $1.5. Delcath Systems Inc. has developed a system, the Delcath Systems, to isolate the liver from the general circulatory system and to administer chemotherapy and other therapeutic agents directly to the liver. Delcath Systems Inc. has a market cap of $70 million; its shares were traded at around $1.49.


Delcath Systems announced financial results and highlights for its first quarter 2012 ended March 31, 2012 and recent weeks. For the three months ended March 31, 2012, Delcath's operating loss was $14.6 million, which included approximately $0.9 in non-cash stock-based compensation expense. Operating loss for the three months ended March 31, 2011 was $7.8 million, which included approximately $1.3 million in non-cash stock-based compensation expense.


President and CEO Eamonn P. Hobbs, Executive Vice President and CFO Graham G. Miao, and Director Douglas G. Watson bought shares of DCTH stock.


ACCO Brands Corp. (ACCO, Financial): Executive Vice President and CFO Neal V. Fenwick Bought 18,000 Shares


Executive Vice President and CFO of ACCO Brands Corp. (ACCO) Neal V. Fenwick bought 18,000 shares on 06/01/2012 at an average price of $8.67. ACCO Brands Corporation is a world leader in branded office products. ACCO Brands Corp. has a market cap of $476.1 million; its shares were traded at around $9.54 with a P/E ratio of 13.6 and P/S ratio of 0.4.


ACCO Brands Corporation reported its first quarter results for the period ended March 31, 2012. Net sales decreased 3% to $288.9 million, compared to $298.4 million in the prior-year quarter. The first quarter loss from continuing operations was $17.3 million, or $0.31 per share, compared to a loss of $9.0 million, or $0.16 per share, in the prior-year quarter.


Executive Vice President and CFO Neal V. Fenwick, Senior Vice President, Secretary and General Counsel Pamela R. Schneider, and President and COO Boris Elisman bought shares of ACCO stock.


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