Weekly Top Insider Buys: IRM, JCP, APU, CAB, VVUS
GuruFocus Insider Data
, these are the largest insider buys during the past week: Iron
Mountain Incorporated (
), J.C. Penney Company Inc. (
), AmeriGas Partners LP (
), Cabela's Inc. (
) and VIVUS Inc. (
The overall trend of insiders is illustrated in the chart below:
Iron Mountain Incorporated ( IRM ): Director Alfred J. Verrecchia Bought 2,500 Shares
Director of Iron Mountain Incorporated, Alfred J. Verrecchia, bought 2,500 shares on 8/20/2012 at an average price of $32.54. Iron Mountain Incorporated is one of the world's largest records and information management services company. Iron Mountain Incorporated has a market cap of $5.57 billion; its shares were traded at around $32.54 with a P/E ratio of 24.29 and P/S ratio of 1.85. The dividend yield of Iron Mountain Incorporated stocks is 3.32%. Iron Mountain Incorporated had an annual average earnings growth of 11.6% over the past 10 years. GuruFocus rated Iron Mountain Incorporated the business predictability rank of 4-star .
On July 26, Iron Mountain Incorporated reported results for its second quarter ended June 30, 2012 including total revenues of $752 million, Adjusted OIBDA of $236 million (31.3% of revenues) and Adjusted EPS of $0.35 per share ($0.24 GAAP EPS from continuing operations). Consistent operating performance including 6% constant dollar (C$) storage rental revenue growth and 150 basis points of Adjusted OIBDA margin improvement in the International Business segment were key drivers of performance in the quarter. The Company reported strong operating 1 results including Adjusted OIBDA of $239 million and Adjusted EPS of $0.36 per share.
Last week, Director Alfred J. Verrecchia bought 2,500 shares of IRM stock.
J.C. Penney Company Inc. ( JCP ): Director Geraldine B. Laybourne Bought 1,433 Shares
Director of J.C. Penney Company Inc., Geraldine B. Laybourne, bought 1,433 shares on 8/21/2012 at an average price of $24.76. J.C. Penney Company Inc. is one of America's retailers, operating department stores throughout the United States and Puerto Rico, as well as one of the largest apparel and home furnishing sites on the Internet, J.C. Penney Company Inc. has a market cap of $5.41 billion; its shares were traded at around $24.76 with and P/S ratio of 0.31. J.C. Penney Company Inc. had an annual average earnings growth of 2.6% over the past 10 years.
On August 10, J.C. Penney Company Inc. announced financial results for its fiscal second quarter ended July 28, 2012. For the quarter, the company reported an adjusted net loss of $81 million or $0.37 per share, excluding restructuring and management transition charges, inventory transition markdowns, gain on the redemption of the Simon REIT units, net of fees and non-cash qualified pension expense. On a GAAP basis, the company reported a net loss of $147 million or $0.67 per share.
This month, Director Geraldine B. Laybourne and COO Michael W. Kramer bought shares of JCP stock.
AmeriGas Partners LP ( APU ): Director K. Rick Turner Bought 4,000 Shares
Director of AmeriGas Partners, LP, K. Rick Turner, bought 4,000 shares on 8/17/2012 at an average price of $40.8. AmeriGas Partners LP, with its subsidiary, AmeriGas Propane LP, AmeriGas Partners LP has a market cap of $3.78 billion; its shares were traded at around $40.8 with a P/E ratio of 104.62 and P/S ratio of 1.49. The dividend yield of AmeriGas Partners LP stocks is 7.84%. AmeriGas Partners LP had an annual average earnings growth of 4% over the past 10 years.
On August 7, AmeriGas Partners LP reported a seasonal net loss for the third fiscal quarter ended June 30, 2012 of $89.4 million compared to a seasonal net loss of $9.2 million for the third quarter of fiscal 2011. The net loss attributable to AmeriGas Partners, L.P. for the current-year period reflects an increased seasonal loss associated with the operations of Heritage Propane, which was acquired in January,
Last week, Director K Rick Turner bought 4,000 shares of APU stock. Chairman & Director Lon R. Greenberg, Chief Accounting Officer William J. Stanczak, and CFO John S. Iannarelli bought shares in March.
Cabela's Inc. ( CAB ): Director John Edmondson Bought 2,500 Shares
Director of Cabela's Inc., John Edmondson, bought 2,500 shares on 8/21/2012 at an average price of $47.54. Cabela's Inc. is the nation's largest direct marketer, and a specialty retailer, of hunting, fishing, camping and related outdoor merchandise. Cabela's Inc. has a market cap of $3.34 billion; its shares were traded at around $47.54 with a P/E ratio of 19.56 and P/S ratio of 1.19. Cabela's Inc. had an annual average earnings growth of 7.3% over the past 10 years.
On July 26, Cabela's Incorporated reported strong financial results for second quarter fiscal 2012. For the quarter, total revenue increased 11.6% to $627.3 million; Retail store revenue increased 16.9% to $384.7 million; Direct revenue decreased 0.7% to $158.5 million; and Financial Services revenue increased 12.8% to $79.3 million. For the quarter, comparable store sales increased 4.7%. Net income increased to $33.9 million compared to $21.7 million and earnings per diluted share were $0.47 compared to $0.31, each compared to the year ago quarter.
Last week, Director John Edmondson bought 2,500 shares of CAB stock. Director Reuben Mark bought 80,000 shares in May.
VIVUS Inc. ( VVUS ): Director Ernest Mario Bought 5,000 Shares
Director of VIVUS Inc., Ernest Mario, bought 5,000 shares on 08/20/2012 at an average price of $21.67. VIVUS is a biopharmaceutical company developing innovative, next-generation therapies to address unmet needs in obesity, diabetes and sexual health. VIVUS Inc. has a market cap of $2.16 billion; its shares were traded at around $21.67 with and P/S ratio of 43.18.
On August 7, VIVUS Inc. reported its financial results for the second quarter ended June 30, 2012. For the second quarter ended June 30, 2012, VIVUS reported a loss of $24.0 million, or $0.24 per share, as compared to a loss of $16.2 million, or $0.20 per share for the second quarter last year. The increase in net loss is primarily attributable to increased expenses for Qsymia pre-commercialization activities, which are included in general and administrative expenses.
Last week, Director Ernest Mario bought 5,000 shares of VVUS stock. Director Charles J. Casamento, Director Linda M. Dairiki Shortliffe, and Director Mark B. Logan sold shares this month. Vice President Finance and CFO Timothy E. Morris and CEO Leland F. Wilson sold shares in July.
For the complete list of stocks that were bought by their company executives, 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 .