Weekly CFO Buys Highlight: BTX, CWST, BKSC, STAG

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Jun 27, 2011
According to GuruFocus Insider Data, these are the largest CFO buys during the past week: BioTime Inc., Casella Waste Systems Inc., Bank of South Carolina Corp., and STAG Industrial. BioTime Inc. (BTX, Financial): Senior VP, COO & CFO Robert Peabody Bought 5,400 Shares


Senior VP, COO & CFO of BioTime Inc. (BTX) Robert Peabody bought 5,400 shares on 06/22/2011 at an average price of $4.45. BioTime Inc,. headquartered in Emeryville, Calif., develops blood plasma volume expanders, blood replacement solutions for hypothermic low-temperature surgery, organ preservation solutions and technology for use in surgery, emergency trauma treatment and other applications. Biotime Inc. has a market cap of $219.9 million; its shares were traded at around $4.75 with and P/S ratio of 59.8. Biotime Inc. had an annual average earnings growth of 18.5% over the past five years.


BioTime Inc. reported financial results for the quarter ended March 31, 2011 and provided an update on corporate developments. For the quarter ended March 31, 2010, total revenue was $825 thousand, up 7% from $768 thousand for the same period one year ago. Net loss attributable to BioTime Inc. for the three months ended March 31, 2011 was $3.4 million or $0.07 per share, compared to a net loss of $1.3 million or $0.04 per share for the same period one year ago.


CEO Michael D. West and Senior VP, COO & CFO Robert Peabody bought shares of BTX stock.


Casella Waste Systems Inc. (CWST, Financial): Senior Vice President & CFO Edwin D. Johnson Bought 5,000 Shares

Senior Vice President & CFO of Casella Waste Systems Inc. (CWST) Edwin D. Johnson bought 5,000 shares on 06/23/2011 at an average price of $5.17. Casella Waste Systems Inc. is a regional, integrated solid waste services company that provides collection, transfer, disposal and recycling services, generates steam and manufactures finished products utilizing recyclable materials primarily throughout the eastern portion of the United States and parts of Canada. Casella Waste Systems Inc. has a market cap of $147.9 million; its shares were traded at around $5.47 with and P/S ratio of 0.3. Casella Waste Systems Inc. had an annual average earnings growth of 8% over the past five years.


Casella Waste Systems Inc. reported financial results for its fourth quarter and 2011 fiscal year for its 2012 fiscal year. For the quarter ended April 30, 2011, revenues were $109.5 million, down $3.2 million or 2.8 percent from the same quarter last year, driven mainly by lower volumes and divestitures. Operating loss was ($2.6) million for the quarter, down $10.3 million from the same quarter last year. The company's net income available to common shareholders was $48.8 million, or $1.85 per common share for the quarter, compared to a net loss of ($5.2) million, or ($0.20) per share for the same quarter last year.


Senior Vice President & CFO Edwin D. Johnson and Director Michael K. Burke bought shares of CWST stock.


Bank of South Carolina Corp. (BKSC, Financial): EVP/CFO/Treasurer Sheryl G. Sharry Bought 4,000 Shares

EVP/CFO/Treasurer of Bank of South Carolina Corp. (BKSC) Sheryl G. Sharry bought 4,000 shares on 06/15/2011 at an average price of $10. Bank of South Carolina Corp. is a one-bank holding company engaged, through its subsidiary, in general banking business. Bank Of South Carolina Corp. has a market cap of $45.1 million; its shares were traded at around $10.5999 with a P/E ratio of 14.9 and P/S ratio of 3.2. The dividend yield of Bank of South Carolina Corp. stocks is 4%. Bank of South Carolina Corp. had an annual average earnings growth of 2.7% over the past 10 years.


The Bank of South Carolina Corporation announced earnings of $649,368 or $.14 per share, for the quarter ended March 31, 2011 – a decrease of 10.66% from earnings for the first quarter ended March 31, 2010 of $726,867 or $0.16 per share.


President, CEO and 10% Owner Hugh C. Lane Jr, EVP, CFO and Treasurer Sheryl G. Sharry, and EVP Fleetwood S. Hassell bought shares of BKSC stock.


STAG Industrial (STAG, Financial): CFO, EVP and Treasurer Gregory W. Sullivan Bought 2,500 Shares

CFO, EVP and Treasurer of STAG Industrial (STAG) Gregory W. Sullivan bought 2,500 shares on 06/15/2011 at an average price of $11.95. STAG Industrial Inc. operates as a real estate company focused on the acquisition, ownership and management of single-tenant industrial properties throughout the United States.


Chairman, CEO and President Benjamin S. Butcher, CFO, EVP and Treasurer Gregory W. Sullivan, and Director F. Alexander Fraser bought shares of STAG stock.


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