Market Sells Off, But Insiders Are Buying: Weatherford International, Monster Worldwide, Camden Property Trust, Walter Industries, and Alliance Resource Partners

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Mar 02, 2009
The market sold off again last week, but the insiders of these companies topped the insider-buy list: Weatherford International Ltd. (WFT, Financial), Monster Worldwide Inc. (MWW, Financial), Camden Property Trust (CPT, Financial), Walter Industries Inc. (WLT, Financial), Alliance Resource Partners L.P. (ARLP, Financial)


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


Weatherford International Ltd. (WFT): Director William E Macaulay Bought 100,000 Shares


Director of Weatherford International Ltd., William E Macaulay, bought 100,000 shares on 2/25/2009 at an average price of $10.67.


Weatherford International Ltd. is one of largest providers of equipment and services used for the drilling, completion, and production of oil and natural gas wells. Its operations are conducted in numerous countries, and it has service and sales locations in almost all of the oil and natural gas producing regions in the world. Weatherford International Ltd. has a market cap of $6.88 billion; its shares were traded at around $10.67 with a P/E ratio of 4.97 and P/S ratio of 0.72. Weatherford International Ltd. had an annual average earning growth of 15.3% over the past 10 years.


WFT recently reported its fourth quarter and annual results for 2008. Fourth quarter revenues were $2,635 million, or 20 percent higher than the same period last year. Fourth quarter net income from continuing operations were $364 million, excluding an after tax loss of $0.03 for investigation and exit costs incurred in connection with the company's withdrawal from sanctioned countries. For the year ended December 31, 2008, revenues were $9.6 billion, 23% higher than 2007, and income from continuing operations before non-recurring items was $1,399 million, an increase of 20% from 2007.


Weatherford International Ltd. is owned by one Guru. T Boone Pickens owns 100,000 shares as of 12/31/2008, a decrease of 94.7% of from the previous quarter. This position accounts for 2.7% of the $40 million portfolio of BP Capital. Steve Mandel and Chris Davis sold out their holdings in the same quarter.


Director William E Macaulay bought 400,000 shares of WFT stock total December through February; the price of the stock has increased by 15.98% since his last buy. Director Nicholas F Brady and Director Robert B Millard both bought shares in February.


Monster Worldwide Inc. (MWW): EVP and CFO Timothy T Yates Bought 51,784 Shares


EVP and CFO of Monster Worldwide Inc., Timothy T Yates, bought 51,784 shares on 02/26/2009 at an average price of $6.59.


Monster Worldwide Inc is the online recruitment leader and parent company of Monster, the careers website. Headquartered in New York, Monster Worldwide is also the world's largest recruitment advertising agency network, the world's largest Yellow Pages advertising agency, and a provider of direct marketing services. Monster Worldwide Inc. has a market cap of $878.56 million; its shares were traded at around $6.59 with a P/E ratio of 5.53 and P/S ratio of 0.65. Monster Worldwide Inc. had an annual average earning growth of 6.1% over the past 10 years.


On January 29, 2009, Monster Worldwide Inc. reported its financial results for the fourth quarter and full year ended December 31, 2008. For the fourth quarter, total revenue was $291 million, a 16% decline compared with $348 million in the comparable quarter of 2007. For the year ended December 31, 2008, Monster Worldwide reported total revenue of $1.34 billion, a 1% increase compared to $1.32 billion in the comparable period last year.


Monster Worldwide Inc. is owned by 3 Gurus : Arnold Schneider and PRIMECAP Management own shares of MWW as of the fourth quarter of 2008. Kenneth Fisher bought 14,300 shares in the quarter that ended on 9/30/2008, which is less than 0.01% of the $31.63 billion portfolio of Fisher Asset Management, LLC. Bill Miller owns 2,789,400 shares as of 6/30/2008, an increase of 65.11% from the previous quarter. This position accounts for 1.22% of the $14.27 billion portfolio of Legg Mason Value Trust. Joel Greenblatt sold out his holdings in the quarter that ended on 12/31/2008.


Chairman, President and CEO Salvatore Iannuzzi bought 192,852 shares of MWW stock total November through February; the price of the stock has decreased by 3.09% since the last buy. EVP and CFO Timothy T Yates also bought shares November through February.


Camden Property Trust (CPT): Director Steven A Webster Bought 15,000 Shares


Director of Camden Property Trust, Steven A Webster, bought 15,000 shares on 2/20/2009 at an average price of $18.79.


Camden Property Trust is a self-administered and self-managed real estate investment trust that is engaged in the ownership, development, acquisition, management, marketing, and disposition of multi-family apartment communities in the Southwest and Mountain regions of the United States. Camden Property Trust has a market cap of $1.11 billion; its shares were traded at around $18.79 with a P/E ratio of 7.24 and P/S ratio of 1.79. The dividend yield of Camden Property Trust stocks is 13.38%. Camden Property Trust had an annual average earning growth of 3.1% over the past 10 years.


CPT recently reported its fourth-quarter and annual results for 2008. The company reported a net loss of $34.9 million for the fourth quarter of 2008, as compared to net income of $81.0 million for the same period in 2007. For the twelve months ended December 31, 2008, net income totaled $71.0 million or $1.28 per diluted share, as compared to $148.5 million or $2.51 per diluted share for the same period in 2007.


Camden Property Trust is owned by one Guru. Kenneth Fisher owns 40,125 shares as of 9/30/2008, which accounts for 0.01% of the $31.63 billion portfolio of Fisher Asset Management, LLC.


Director Steven A Webster bought 63,500 shares from November 2008 and February 2009. President, Director D Keith Oden sold 49,000 shares of CPT stock on 12/18/2008; the price per stock has decreased more than 39% since. Chairman and CEO, Director Richard J Campo sold 125,400 shares of CPT stock on 12/19/2008; the price per share has decreased by more than 40% since.


Walter Industries Inc. (WLT): Vice Chairman, CFO, General Counsel Victor P Patrick Bought 16,484 Shares


Vice Chairman, CFO, General Counsel of Walter Industries Inc., Victor P Patrick, bought 16,484 shares on 2/23/2009 at an average price of $18.17.


Walter Industries Inc. is a holding company engaged in homebuilding and financing pipe manufacturing, natural resource development, building materials, and industrial manufacturing. The company principally serves residential and non-residental construction water and waste water transmission and industrial markets. Walter Industries Inc. has a market cap of $1.01 billion; its shares were traded at around $18.17 with a P/E ratio of 4.09 and P/S ratio of 0.68. The dividend yield of Walter Industries Inc. stocks is 2.15%. Walter Industries Inc. had an annual average earning growth of 2.7% over the past 10 years.


Walter Industries Inc. recently reported a net income of $240.3 million for the quarter ended December 31, 2008, and net income for the full year 2008 of $346.6 million. This compares to $40.0 million in the fourth quarter 2007 and $112.0 million for the full year 2007.


Walter Industries Inc. is owned by three Gurus as of 12/31/08: David Tepper, John Keeley, and David Dreman.


Vice Chairman,CFO,Gen.Counsel, Director Victor P Patrick bought 85,890 shares of WLT October through February.


Director Bernard G Rethore bought 4,000 shares of WLT stock on 12/04/2008 at the average price of $13.71; the price of the stock has increased by 32.53% since.


Alliance Resource Partners L.P. (ARLP): Director John H Robinson Bought 9,000 Shares


Director of Alliance Resource Partners L.P., John H Robinson, bought 9,000 shares on 2/20/2009 at an average price of $26.47.


Alliance Resources is a diversified producer and marketer of coal to major U.S. utilities and industrial users. They currently operate mining complexes in Illinois, Indiana, Kentucky, and Maryland. They produce a diverse range of steam coals with varying sulfur and heat contents, which enable them to satisfy the broad range of specifications demanded by their customers. Alliance Resource Partners L.P. has a market cap of $955.23 million; its shares were traded at around $26.47 with a P/E ratio of 10.87 and P/S ratio of 0.83. The dividend yield of Alliance Resource Partners L.P. stocks is 10.96%. Alliance Resource Partners L.P. had an annual average earning growth of 10.9% over the past 5 years.


For the 2008 Quarter, ARLP reported net income of $25.2 million, compared to net income of $39.9 million, for the 2007 Quarter. Revenues for the 2008 Quarter increased 23.2% to a record $310.9 million, compared to $252.4 million for the 2007 Quarter. Revenues for the year ended 2008 rose 11.9% to $1.16 billion and net income was $134.2 million, compared to net income of $170.4 million, for 2007.


Director John P Neafsey bought 2,420 shares of ARLP stock in December; the price of the stock has increased by more than 12% since.
  • CEO Buys, CFO Buys: Stocks that are bought by their CEO/CFOs.
  • Insider Cluster Buys: Stocks that multiple company officers and directors have bought.
  • Double Buys: Companies that both Gurus and Insiders are buying
  • Triple Buys: Companies that both Gurus and Insiders are buying, and Company is buying back.