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Michael Michaud is the founder of Invest2Success.com (http://www.invest2success.com/) and the Invest2Success Blog (http://invest2success.blogspot.com/). He has been investing and trading in the financial markets since 1989. He founded Invest2Success.com to empower individual institutional... More
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  • Weekly Stock Insider Buys And Sells 0 comments
    Dec 17, 2012 7:39 PM | about stocks: SRI, AGNC, CLX, CBK, V, FIS, SRCL, GOOG

    Weekly Stock Insider Buys and Sells by GuruFocus

    Stoneridge Inc. (SRI): Executive Vice President and CFO George E. Strickler Bought 4,600 Shares

    Executive Vice President and CFO of Stoneridge Inc., George E. Strickler, bought 4,600 shares on 12/10/2012 at an average price of $1.151. Stoneridge Inc. was founded in 1965. It's a global designer and manufacturer of highly engineered electrical and electronic components, modules and systems for the commercial vehicle, automotive, agricultural, motorcycle and off-highway vehicle markets. Stoneridge Inc. has a market cap of $136.78 million; its shares were traded at around $5.16 with a P/E ratio of 9.25 and P/S ratio of 0.18.

    On Oct. 24, Stoneridge Inc. announced financial results for the third quarter ended Sept. 30, 2012. Third-quarter 2012 net sales were $219.3 million, an increase of $23.4 million, or 11.9%, compared with $195.9 million for the third quarter of 2011. Net income for the third quarter of 2012 was $0.4 million, or $0.02 per diluted share, compared with net income of $4.5 million, or $0.18 per diluted share, in the third quarter of 2011.

    This month, President and CEO John C. Corey and Executive Vice President and CFO George E. Strickler bought shares of SRI stock.

    American Capital Agency Corp. (AGNC): Director Alvin N. Puryear Bought 3,000 Shares

    Director of American Capital Agency Corp., Alvin N. Puryear, bought 3,000 shares during the past week at an average price of $30.17. American Capital Agency Corp. was organized on Jan. 7, 2008, and commenced operations on May 20, 2008 following the completion of its initial public offering ('IPO'). American Capital Agency Corp. has a market cap of $10.63 billion; its shares were traded at around $30.17 with a P/E ratio of 6.81 and P/S ratio of 9.36. The dividend yield of American Capital Agency Corp. stocks is 16.07%.

    On Oct. 29, American Capital Agency Corp. reported comprehensive income for the third quarter of 2012 of $1.3 billion, or $3.98 per common share, and net book value of $32.49 per common share. Economic return, defined as dividends on common shares plus the change in net book value per common share, for the period was $4.33 per common share, or 59% on an annualized basis.

    This month, CEO Malon Wilkus and Director Alvin N. Puryear bought shares of AGNC stock. Executive Vice President and Secretary Samuel Allan Flax bought 4,950 shares in November. President and CIO Gary D. Kain bought 20,000 shares in August and Senior Vice President Christopher Kuehl sold 1,216 shares in September.

    The Clorox Company (CLX): Director George J. Harad Bought 3,000 Shares

    Director of Clorox Company, George J. Harad, bought 3,000 shares on 12/10/2012 at an average price of $75.4. Clorox Company was founded in Oakland, Calif., in 1913 and is incorporated in Delaware. Clorox Company has a market cap of $9.95 billion; its shares were traded at around $75.4 with a P/E ratio of 18.03 and P/S ratio of 1.82. The dividend yield of Clorox Company stocks is 3.36%. Clorox Company had an annual average earnings growth of 8% over the past 10 years.

    On Oct. 31, The Clorox Company reported 3 percent sales growth and a 110 basis-point increase in gross margin for the quarter, which ended Sept. 30. Clorox reported first-quarter earnings of $133 million, or $1.01 diluted earnings per share (EPS). This compares with $130 million, or 98 cents diluted EPS, in the year-ago quarter. Current-quarter results reflect higher sales and gross margin expansion, partially offset by higher selling and administration expenses, including continued investments in the company's information technology (IT) systems.

    Last week, Director George J. Harad bought 3,000 shares of CLX stock. Director Tully M. Friedman and Senior Vice President and General Counsel Laura Stein sold shares this month. Senior Vice President and Chief Marketing Officer Thomas P. Britanik and Executive Vice President Strategy & Growth Frank A. Tataseo sold shares last month.

    Christopher & Banks Corp. (CBK): Chair, Board of Directors Paul L. Snyder Bought 5,100 Shares

    Chair, Board of Directors of Christopher & Banks Corp., Paul L. Snyder, bought 5,100 shares on 12/14/2012 at an average price of $1.429. Christopher & Banks Corporation is a Delaware Corporation, incorporated in 1986 to acquire Braun's Fashions Inc. Christopher & Banks Corporation has a market cap of $176.21 million; its shares were traded at around $4.91 with and P/S ratio of 0.43.

    On Nov. 29, Christopher & Banks Corporation reported results for the 13 and 39-week periods ended Oct. 27, 2012.* For the third quarter of fiscal 2012, the company reported net sales of $117.3 million, operating income of $3.6 million and net income of $0.10 per diluted share, the first comparable period quarterly profit in ten quarters. Operating income totaled $3.6 million and included approximately $333,000 in pre-tax expenses related to restructuring charges. This compares to an operating loss of $14.0 million for the thirteen weeks ended October 29, 2011. Net income for the quarter totaled $3.6 million, or $0.10 per diluted share. Net loss for the thirteen weeks ended October 29, 2011 totaled $13.7 million, or $0.39per share.

    This month, Chair, Board of Directors Paul L. Snyder, Director Lisa W. Wardell, and Director Anne L. Jones bought shares of CBK stock. Chair, Board of Directors Paul L. Snyder and Director William F. Sharpe III bought shares in September.

    Visa Inc. (V): PRESIDENT John Partridge sold 174,598 Shares

    President of Visa Inc. (V) John Partridge sold 174,598 shares on 12/12/2012 at an average price of $2.26.

    Visa Inc. is a Delaware Corporation. It is a global payments technology company that connects consumers, businesses, banks and governments in more than 200 countries and territories, enabling them to use digital currency instead of cash and checks. Visa Inc. has a market cap of $120.42 billion; its shares were traded at around $146.82 with a P/E ratio of 24 and P/S ratio of 11.56. The dividend yield of Visa Inc. stocks is 0.89%.

    On Oct. 31, 2012 Visa Inc. announced financial results for the company's fiscal fourth quarter and full-year 2012. GAAP net income in the fiscal fourth quarter of 2012 was $1.7 billion or diluted class A common stock earnings per share of $2.47. Adjusted net income in the fiscal fourth quarter was $1.0 billion or diluted class A common stock earnings per share of $1.54, excluding a special item related to the reversal of previously recorded tax reserves which increased net income by $627 million. The weighted-average number of diluted class A common shares outstanding in the fiscal fourth quarter was 672 million.

    General Counsel Joshua R. Floum sold 33,899 shares of V stock on 12/03/2012 at the average price of $150. Joshua R. Floum owns at least 60,674 shares after this. The price of the stock has decreased by 2.12% since.

    Fission Energy Limited (FIS): Director Thomas M. Hagerty sold 605,901 Shares

    Director of Fission Energy Limited (FIS) Thomas M. Hagerty sold 605,901 shares on 12/13/2012 at an average price of $35.5.

    Fidelity National Information Services Inc. was incorporated under the laws of the State of Georgia. Fidelity National Information Services Inc. has a market cap of $10.6 billion; its shares were traded at around $35.5 with a P/E ratio of 14.7 and P/S ratio of 1.85. The dividend yield of Fidelity National Information Services Inc. stocks is 2.21%. Fidelity National Information Services Inc. had an annual average earnings growth of 5.9% over the past 10 years.

    On Nov. 5, 2012 Fission reported a 2.8% increase in revenue for the quarter ended Sept. 30, 2012. GAAP net earnings from continuing operations attributable to common stockholders rose 3.1% and increased 6.4% per diluted share. Revenue increased 2.8% to $1.44 billion in the third quarter of 2012, compared to $1.40 billion in the third quarter of 2011.

    Director Thomas M. Hagerty sold 178,848 shares of FIS stock on 09/13/2012 at the average price of $31.94. Thomas M. Hagerty owns at least 8,103,974 shares after this. The price of the stock has increased by 11.15% since.

    Stericycle Inc. (SRCL): Director Jack W. Schuler sold 198,442 Shares

    Director of Stericycle Inc. (SRCL) Jack W. Schuler sold 198,442 shares on 12/14/2012 at an average price of $93.22.

    Stericycle Inc was incorporated in 1989. The company is in the business of managing regulated waste and providing an array of related and complementary services. Stericycle Inc. has a market cap of $8.1 billion; its shares were traded at around $93.22 with a P/E ratio of 29.55 and P/S ratio of 4.83. Stericycle Inc. had an annual average earnings growth of 15.1% over the past 10 years. GuruFocus rated Stericycle Inc. the business predictability rank of 5-star.

    On Oct. 24, 2012 Stericycle Inc. reported financial results for the third quarter of 2012. Revenues for the quarter ended September 30, 2012 were $480.5 million, up 14.2% from $420.9 million from the third quarter last year. Revenues increased 16.0% compared with the prior period when adjusted for an unfavorable foreign exchange impact of $8.0 million. Net income attributable to Stericycle for the third quarter of 2012 was $65.5 million or $0.75 per diluted share compared with $59.2 million or $0.68 per diluted share for the third quarter of 2011.

    Executive Vice President and COO Richard T. Kogler sold 20,000 shares of SRCL stock on 11/06/2012 at the average price of $94.63. Richard T. Kogler owns at least 10,361 shares after this. The price of the stock has decreased by 1.49% since.

    Google Inc. (GOOG): Director Kavitark Ram Shriram sold 18,000 Shares

    Director of Google Inc. (GOOG) Kavitark Ram Shriram sold 18,000 shares on 12/13/2012 at an average price of $701.963.

    Google Inc. was incorporated in California in September 1998 and reincorporated in Delaware in August 2003. Google Inc. has a market cap of $224.83 billion; its shares were traded at around $701.963 with a P/E ratio of 20.65 and P/S ratio of 5.93. Google Inc. had an annual average earnings growth of 25.1% over the past five years. GuruFocus rated Google Inc. the business predictability rank of 2.5-star.

    On Oct. 18, 2012 Google Inc. announced financial results for the quarter ended Sept. 30, 2012. Google Inc. reported consolidated revenues of $14.10 billion for the quarter ended Sept. 30, 2012, an increase of 45% compared to the third quarter of 2011. Google Inc. reports its revenues, consistent with GAAP, on a gross basis without deducting traffic acquisition costs (TAC). In the third quarter of 2012, TAC totaled $2.77 billion, or 26% of advertising revenues.

    Senior Vice President and Corporate Development David C. Drummond sold 189 shares of GOOG stock on 12/03/2012 at the average price of $702.17. David C. Drummond owns at least 2,847 shares after this. The price of the stock has decreased by 0.03% since.

    Insider Cow

    Profit From Insider Trading
    Insider behavior matters because research based on real-time signals has shown that a properly modeled picture of insider actions can provide the most accurate reflection of the prospects for the company, industry, economic sector, or even the stock market in general, going forward. This makes perfect sense from an intuitive perspective. Corporate insiders possess all the necessary skills and characteristics that one could use to describe the "successful" investor. These include: A deep knowledge and understanding of the company and/or industry; A demonstrated ability to produce success; The training necessary to understand risk and to control it; The wherewithal (capital) to take advantage of opportunity when it presents itself and finally; A tendency to go against the crowd. In general, insider buys are more useful. Since insiders have exclusive information on the company performance, if they are risking their own money on the stock, usually they should have good reasons, especially when several insiders buy the stock at the same time.

    What Is Legal and Illegal Insider Trading?

    Insider trading can commonly mean two things. Illegal and legal insider trading. In the simplest terms its the buying or selling of a security by someone who has access to material nonpublic information about the security.

    Insider trading can either be legal or illegal. Its illegal when information about a company is not public and any trading done with its stock is unfair to other investors and traders who don't know or have access to the information. So illegal insider trading normally happens when others are informed of such non-public information. Company directors and board members as well as brokers and close relatives can be found guilty of insider trading.

    Legal insider trading is when company information has been made public, then the company insider does not have an advantage over other investors and traders. Part of legal insider trading practices is the filing of all insider transactions with the Federal Securities Exchange Commission. The potential exists for non-insiders to profit from insider buying and selling is to analyze company insiders buy sell transaction reports. If an insider is buying or selling especially in large amounts it could be an indication the companies earnings performance and subsequent stock price could be affected providing reqular investors and traders to profit from.

    Guru Focus

    Stock Picks of Guru Investors
    GuruFocus is dedicated to value investing. As employed by Warren Buffett, the greatest investor of all time, value investing is the only winning strategy for the long term. GuruFocus hosts numerous value screeners and research tools, and regularly publishes articles about value investing strategies and ideas. GuruFocus also publishes three newsletters: Monthly Ben Graham Net-Net, Buffett-Munger Best Bargains and Microcap Magic Formula Stocks.

    Why Track Insiders Buying and Selling Their Own Stock?

    Insider behavior matters because research based on real-time signals has shown that a properly modeled picture of insider actions can provide the most accurate reflection of the prospects for the company, industry, economic sector, or even the stock market in general, going forward.

    This makes perfect sense from an intuitive perspective. Corporate insiders possess all the necessary skills and characteristics that one could use to describe the "successful" investor. These include: A deep knowledge and understanding of the company and/or industry; A demonstrated ability to produce success; The training necessary to understand risk and to control it; The wherewithal (capital) to take advantage of opportunity when it presents itself and finally; A tendency to go against the crowd.

    Further, insider buys are especially useful. Since insiders have exclusive information on the company performance, if they are risking their own money on the stock, usually they should have good reasons, especially when several insiders buy the stock at the same time.

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