Weekly CFO Buys Highlight: S, IPT, SURE, BLDR, GGN

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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:
Sprint Nextel ( S ): CFO Joseph J. Euteneuer Bought 100,000 Shares

CFO of Sprint Nextel ( S ) Joseph J. Euteneuer bought 100,000 shares on 05/01/2012 at an average price of $2.55. Sprint Nextel offers a comprehensive range of wireless and wireline communications services to consumer, business and government customers. Sprint Nextel has a market cap of $7.13 billion; its shares were traded at around $2.36 with and P/S ratio of 0.2.

Sprint Nextel Corp. reported a net loss of $863 million and a diluted net loss of $.29 per share for the first quarter of 2012.

President and CEO Daniel Hesse and CFO Joseph J. Euteneuer bought shares of S stock.

iParty Corp. ( IPT ): CFO David E. Robertson Bought 76,904 Shares

CFO of iParty Corp. ( IPT ) David E. Robertson bought 76,904 shares during the past week at an average price of $0.18. iParty Corp. is a party goods retailer that operates iParty retail stores and licenses the operation of an Internet site for party goods and party planning. iParty Corp. has a market cap of $3.9 million; its shares were traded at around $0.21 with and P/S ratio of 0.1.

iParty Corp. reported financial results for its fourth quarter and fiscal year 2011, which ended on Dec. 31, 2011. The company reported net income of $3.0 million for the fourth quarter of 2011, slightly up from the fourth quarter of 2010. Revenues were at $27.8 million on a 13 week basis, a 5.6% decrease compared to the 13 week fourth quarter of fiscal 2010.

Chairman and CEO, 10% Owner Sal Perisano , CFO David E. Robertson, and Senior Vice President Merchandise and Marketing, 10% Owner Dorice Dionne bought shares of IPT stock.

Sonora Resources Corp. ( SURE ): CFO Mark E. Scott Bought 37,285 Shares

CFO of Sonora Resources Corp. ( SURE ) Mark E. Scott bought 37,285 shares on 04/30/2012 at an average price of $0.28. Sonora Resources Corp. is a mineral resource exploration company. Sonora Resources Corp. has a market cap of $21.8 million; its shares were traded at around $0.22 with and P/S ratio of 1977.9.

CFO Mark E. Scott bought shares of SURE stock.

Builders Firsts ( BLDR ): Senior Vice President and CFO M. Chad Crow Bought 10,000 Shares

Senior Vice President and CFO of Builders Firsts ( BLDR ) M. Chad Crow bought 10,000 shares on 04/24/2012 at an average price of $3.45. Builders FirstSource is a supplier and manufacturer of structural and related building products for residential new construction in the U.S. Builders Firsts has a market cap of $378.5 million; its shares were traded at around $3.83 with and P/S ratio of 0.5.

Builders FirstSource Inc. reported its results for the first quarter ended March 31, 2012. Sales for the first quarter of 2012 were $219.4 million, an increase of 34.7 percent when compared to the first quarter of 2011. Net loss for the first quarter of 2012 was $19.2 million, or $0.20 loss per diluted share, compared to net loss of $21.2 million, or $0.22 loss per diluted share, in the first quarter of 2011.

CEO and President Floyd F. Sherman, Senior Vice President and CFO M. Chad Crow, and Director Michael Graff bought shares of BLDR stock.

Gabelli Global Gold Natural Resources ( GGN ): CFO Robert Lee Chapman Bought 7,500 Shares

CFO of Gabelli Global Gold Natural Resources ( GGN ) Robert Lee Chapman bought 7,500 shares on 04/30/2012 at an average price of $0.15. Gabelli Global Gold Natural Resources & has a market cap of $402.9 million; its shares were traded at around $15.5. The dividend yield of Gabelli Global Gold Natural Resources & stocks is 8.5%.

CFO Robert Lee Chapman bought shares of GGN stock.

For the complete list of stocks that bought by their CFOs, go to: Insider Buys.About GuruFocus: GuruFocus.com tracks the stocks picks and portfolio holdings of the world's best investors. This value investing site offers stock screeners and valuation tools. And publishes daily articles tracking the latest moves of the world's best investors. GuruFocus also provides promising stock ideas in 3 monthly newsletters sent to Premium Members .



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.



This article appears in: Investing

Referenced Stocks: BLDR , GGN , IPT , S , SURE

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As of 4/23/2014, 11:25 AM