Last week's top five CEO buy companies were Argo Group Inc, Chiquita Brands International Inc, ATP Oil & Gas Corp, International Paper Company, and Flowers Foods Inc. According to GuruFocus Insider Data, these are the largest CEO buys during the past week.
Argo Group Inc. (AGII, Financial): President and CEO Mark E Iii Watson Bought 17,000 Shares
President and CEO of Argo Group Inc. (AGII) Mark E Iii Watson bought 17,000 shares on 03/16/2009 at an average price of $26.84. PXRE Group Ltd. provides reinsurance products and services to aworldwide marketplace. The company has a market cap of $823.5 million; its shares were traded at around $26.84 with a P/E ratio of 11.3 and P/S ratio of 0.7.
Argo Group recently reported its 2008 financial results. Net income was $62.9 million, or $2.05 per diluted share, compared to $143.8 million, or $5.58 per diluted share for 2007. Total revenue increased 25.6 percent to $1.26 billion compared to $1.0 billion in 2007.
David Dreman owns 786,435 shares as of 12/31/2008, which accounts for 0.35% of the $7.73 billion portfolio of Dreman Value Management. Richard Pzena owns 648,575 shares as of 12/31/2008, a decrease of 23.09% of from the previous quarter.
Chiquita Brands International Inc. (CQB, Financial): Chairman, President & CEO Fernando Aguirre Bought 63,475 Shares
Chairman, President & CEO of Chiquita Brands International Inc. (CQB) Fernando Aguirre bought 63,475 shares on 03/12/2009 at an average price of $5.75. Chiquita Brands International Inc. operates as a leading international marketer producer and distributor of quality fresh fruits and vegetables and processed foods. Chiquita Brands International Inc. has a market cap of $255.4 million; its shares were traded at around $5.75 with a P/E ratio of 5.8 and P/S ratio of 0.1.
Chiquita Brands International recently reported its full year 2008 results. The company said that comparable full-year 2008 income improved $56 million, even with the recession. Net sales for the full year of 2008 increased 4% to $3.8 billion.
Gurus who own CQB: John Keeley owns 1,525,000 shares as of 12/31/2008, which accounts for 0.38% of the $6 billion portfolio of Keeley Fund Management. Joel Greenblatt sold out his holdings in the quarter that ended on 12/31/2008.
Buy: Director Durk I Jager bought 10,000 shares of CQB stock on 03/02/2009 at the average price of $4.68; the price of the stock has increased by 22.86% since.
ATP Oil & Gas Corp. (ATPG, Financial): CEO, 10% Owner T Paul Bulmahn Bought 80,000 Shares
CEO, 10% Owner of ATP Oil & Gas Corp. (ATPG) T Paul Bulmahn bought 80,000 shares on 03/18/2009 at an average price of $3.65. ATP OIL & GAS is engaged in the acquisition development and production of natural gas and oil properties. It has a market cap of $131.1 million; its shares were traded at around $3.65 with a P/E ratio of 1.2 and P/S ratio of 0.2. ATP Oil & Gas Corp. had an annual average earning growth of 71.2% over the past 5 years.
ATP recently reported its full year 2008 results. The company reported a record annual net income of $122 million, or $3.43 per basic and $3.39 per diluted share. The company also said that it had record annual revenues of $618 million.
Only one guru owns this company: Robert Bruce owns 255,600 shares as of 12/31/2008, a decrease of 20.77% of from the previous quarter. This position accounts for 2.06% of the $72 million portfolio of Bruce & Co., Inc..
Buy: Director Robert C Thomas bought 3,000 shares of ATPG stock on 11/17/2008 at the average price of $5.93; the price of the stock has decreased by 38.45% since.
International Paper Company (IP, Financial): Chairman and CEO John V Faraci Bought 39,000 Shares
Chairman and CEO of International Paper Company (IP) John V Faraci bought 39,000 shares on 03/17/2009 at an average price of $7.08. International Paper Co. is a global paper and forest products company thatis complemented by an extensive distribution system. The company has a market cap of $3.03 billion; its shares were traded at around $7.08 with a P/E ratio of 3.5 and P/S ratio of 0.1. The dividend yield of International Paper Company stocks is 14.1%.
International Paper recently reported its fourth quarter and full year 2008 results. The company's full-year 2008 net earnings totaled $57 million ($0.13 per share), compared with $1.2 billion ($2.70 per share) in 2007. In the fourth quarter of 2008, the company reported a net loss of $452 million, or $(1.07),Ă‚ compared with earnings of $327 million, or 78 cents per share, in the fourth quarter of 2007.
Gurus who own the company: Charles Brandes bought 77,821 shares in the quarter that ended on 12/31/2008, which is less than 0.01% of the $20.68 billion portfolio of Brandes Investment. Dodge & Cox owns 41,215 shares as of 12/31/2008, a decrease of 51.03% of from the previous quarter. This position accounts for less than 0.01% of the $65.51 billion portfolio of Dodge & Cox. NWQ Managers sold out his holdings in the quarter that ended on 12/31/2008.
Sell: Senior Vice President Jerome N Carter sold 10,000 shares of IP stock on 03/17/2009 at the average price of $7.25; the price of the stock has decreased by 2.34% since.
Flowers Foods Inc. (FLO, Financial): Chairman-Bd, CEO, President George E Deese Bought 10,000 Shares
Chairman-Bd, CEO, President of Flowers Foods Inc. (FLO) George E Deese bought 10,000 shares on 03/12/2009 at an average price of $22.81. Flowers Foods Inc. is one of the largest producers and marketers of a full line of frozen and non-frozen bakery and dessert products in the United States. Flowers Foods consists of Flowers Bakeries and Mrs. Smith's Bakeries. It has a market cap of $2.12 billion; its shares were traded at around $22.81 with a P/E ratio of 17.9 and P/S ratio of 0.9. The dividend yield of Flowers Foods Inc. stocks is 2.6%. Flowers Foods Inc. had an annual average earning growth of 15.5% over the past 5 years.
Flower Foods recently reported its fourth quarter 2008 results. The company said that fourth quarter revenues increased 31.2% and full year sales increased 18.6% compared to the fourth quarter of 2007. George E. Deese, chairman, CEO, and president commented, "Our strong fourth quarter results completed an exceptional year for Flowers Foods despite a difficult economic environment. Our 2008 results show the strength of our business model, strategies, and, most importantly, our team. We delivered robust sales growth driven primarily by increased sales of Nature's Own and Whitewheat breads, recent acquisitions, and positive price/mix shift. Our earnings growth was driven by our ongoing efforts to improve our operating and distribution efficiencies as well as our investments in product innovation and quality improvements."
John Keeley owns 3,754,023 shares as of 12/31/2008, which accounts for 1.52% of the $6 billion portfolio of Keeley Fund Management.
Buy: Director Joe E Beverly bought 5,000 shares of FLO stock on 03/16/2009 at the average price of $22.33; the price of the stock has increased by 2.15% since.
For the complete list of stocks that bought by their company CEOs, go to: CEO Buys.
Argo Group Inc. (AGII, Financial): President and CEO Mark E Iii Watson Bought 17,000 Shares
President and CEO of Argo Group Inc. (AGII) Mark E Iii Watson bought 17,000 shares on 03/16/2009 at an average price of $26.84. PXRE Group Ltd. provides reinsurance products and services to aworldwide marketplace. The company has a market cap of $823.5 million; its shares were traded at around $26.84 with a P/E ratio of 11.3 and P/S ratio of 0.7.
Argo Group recently reported its 2008 financial results. Net income was $62.9 million, or $2.05 per diluted share, compared to $143.8 million, or $5.58 per diluted share for 2007. Total revenue increased 25.6 percent to $1.26 billion compared to $1.0 billion in 2007.
David Dreman owns 786,435 shares as of 12/31/2008, which accounts for 0.35% of the $7.73 billion portfolio of Dreman Value Management. Richard Pzena owns 648,575 shares as of 12/31/2008, a decrease of 23.09% of from the previous quarter.
Chiquita Brands International Inc. (CQB, Financial): Chairman, President & CEO Fernando Aguirre Bought 63,475 Shares
Chairman, President & CEO of Chiquita Brands International Inc. (CQB) Fernando Aguirre bought 63,475 shares on 03/12/2009 at an average price of $5.75. Chiquita Brands International Inc. operates as a leading international marketer producer and distributor of quality fresh fruits and vegetables and processed foods. Chiquita Brands International Inc. has a market cap of $255.4 million; its shares were traded at around $5.75 with a P/E ratio of 5.8 and P/S ratio of 0.1.
Chiquita Brands International recently reported its full year 2008 results. The company said that comparable full-year 2008 income improved $56 million, even with the recession. Net sales for the full year of 2008 increased 4% to $3.8 billion.
Gurus who own CQB: John Keeley owns 1,525,000 shares as of 12/31/2008, which accounts for 0.38% of the $6 billion portfolio of Keeley Fund Management. Joel Greenblatt sold out his holdings in the quarter that ended on 12/31/2008.
Buy: Director Durk I Jager bought 10,000 shares of CQB stock on 03/02/2009 at the average price of $4.68; the price of the stock has increased by 22.86% since.
ATP Oil & Gas Corp. (ATPG, Financial): CEO, 10% Owner T Paul Bulmahn Bought 80,000 Shares
CEO, 10% Owner of ATP Oil & Gas Corp. (ATPG) T Paul Bulmahn bought 80,000 shares on 03/18/2009 at an average price of $3.65. ATP OIL & GAS is engaged in the acquisition development and production of natural gas and oil properties. It has a market cap of $131.1 million; its shares were traded at around $3.65 with a P/E ratio of 1.2 and P/S ratio of 0.2. ATP Oil & Gas Corp. had an annual average earning growth of 71.2% over the past 5 years.
ATP recently reported its full year 2008 results. The company reported a record annual net income of $122 million, or $3.43 per basic and $3.39 per diluted share. The company also said that it had record annual revenues of $618 million.
Only one guru owns this company: Robert Bruce owns 255,600 shares as of 12/31/2008, a decrease of 20.77% of from the previous quarter. This position accounts for 2.06% of the $72 million portfolio of Bruce & Co., Inc..
Buy: Director Robert C Thomas bought 3,000 shares of ATPG stock on 11/17/2008 at the average price of $5.93; the price of the stock has decreased by 38.45% since.
International Paper Company (IP, Financial): Chairman and CEO John V Faraci Bought 39,000 Shares
Chairman and CEO of International Paper Company (IP) John V Faraci bought 39,000 shares on 03/17/2009 at an average price of $7.08. International Paper Co. is a global paper and forest products company thatis complemented by an extensive distribution system. The company has a market cap of $3.03 billion; its shares were traded at around $7.08 with a P/E ratio of 3.5 and P/S ratio of 0.1. The dividend yield of International Paper Company stocks is 14.1%.
International Paper recently reported its fourth quarter and full year 2008 results. The company's full-year 2008 net earnings totaled $57 million ($0.13 per share), compared with $1.2 billion ($2.70 per share) in 2007. In the fourth quarter of 2008, the company reported a net loss of $452 million, or $(1.07),Ă‚ compared with earnings of $327 million, or 78 cents per share, in the fourth quarter of 2007.
Gurus who own the company: Charles Brandes bought 77,821 shares in the quarter that ended on 12/31/2008, which is less than 0.01% of the $20.68 billion portfolio of Brandes Investment. Dodge & Cox owns 41,215 shares as of 12/31/2008, a decrease of 51.03% of from the previous quarter. This position accounts for less than 0.01% of the $65.51 billion portfolio of Dodge & Cox. NWQ Managers sold out his holdings in the quarter that ended on 12/31/2008.
Sell: Senior Vice President Jerome N Carter sold 10,000 shares of IP stock on 03/17/2009 at the average price of $7.25; the price of the stock has decreased by 2.34% since.
Flowers Foods Inc. (FLO, Financial): Chairman-Bd, CEO, President George E Deese Bought 10,000 Shares
Chairman-Bd, CEO, President of Flowers Foods Inc. (FLO) George E Deese bought 10,000 shares on 03/12/2009 at an average price of $22.81. Flowers Foods Inc. is one of the largest producers and marketers of a full line of frozen and non-frozen bakery and dessert products in the United States. Flowers Foods consists of Flowers Bakeries and Mrs. Smith's Bakeries. It has a market cap of $2.12 billion; its shares were traded at around $22.81 with a P/E ratio of 17.9 and P/S ratio of 0.9. The dividend yield of Flowers Foods Inc. stocks is 2.6%. Flowers Foods Inc. had an annual average earning growth of 15.5% over the past 5 years.
Flower Foods recently reported its fourth quarter 2008 results. The company said that fourth quarter revenues increased 31.2% and full year sales increased 18.6% compared to the fourth quarter of 2007. George E. Deese, chairman, CEO, and president commented, "Our strong fourth quarter results completed an exceptional year for Flowers Foods despite a difficult economic environment. Our 2008 results show the strength of our business model, strategies, and, most importantly, our team. We delivered robust sales growth driven primarily by increased sales of Nature's Own and Whitewheat breads, recent acquisitions, and positive price/mix shift. Our earnings growth was driven by our ongoing efforts to improve our operating and distribution efficiencies as well as our investments in product innovation and quality improvements."
John Keeley owns 3,754,023 shares as of 12/31/2008, which accounts for 1.52% of the $6 billion portfolio of Keeley Fund Management.
Buy: Director Joe E Beverly bought 5,000 shares of FLO stock on 03/16/2009 at the average price of $22.33; the price of the stock has increased by 2.15% since.
For the complete list of stocks that bought by their company CEOs, go to: CEO Buys.
