David Nierenberg, a well known activist investor and beneficial owner of the company has recently purchased 225,000 shares or $3,343,500 worth of stock. Natus Medical Incorporated develops, manufactures, and markets neurodiagnostic and newborn care products. Natus Medical announced Q1 earnings in early May. The company, which makes neurodiagnostic devices for infants, reported net first-quarter income of $1.5 million, or 7 cents per share, missing analysts' estimates by a penny, according to Thomson Financial.

Three Directors of the company have recently purchased 19,000 shares or $1,574,042 worth of stock. NYSE Euronext, Inc., through its subsidiaries, offers securities listing, trading, and related information products and services in the United States. The stock trades for 11.5x EBITDA.

Paul Tierney, a director of the company, has recently purchased 30,000 shares or $1,055,661 worth of stock. Liz Claiborne, Inc. engages in the design, marketing, and retail of a range of apparel, accessories, and fragrance products worldwide. Credit Suisse recently lowered its 2007 EPS estimates on LIZ to $2.00 from $3.15 following disappointing quarterly results. Lowered target price to $37 from $47.

Schultze Master Fund, Ltd., a beneficial owner of the company, has recently purchased 236,669 shares or $817,456 worth of stock. On Monday, May 14th, a Wedbush Morgan Securities analyst announced he expects Movie Gallery Inc. to see hard times continue, after the movie and video game rental chain operator reported disappointing first-quarter results. The stock trades for 4.5x EBITDA.

A Director of the company has recently purchased 5,000 shares or $407,017 worth of stock. Las Vegas Sands Corp. and its subsidiaries develop and operate hotel, gaming, and resort businesses. It owns the Venetian resort-hotel-casino and the Sands Expo and Convention Center in Las Vegas, Nevada; and The Sands Macao Casino in Macao, the People’s Republic of China (PRC). Shares of Las Vegas Sands Corp. climbed May 15th after an analyst upgraded the casino and resort operator following a decline in its stock due to volatility in the China market and increased competition in Macau.

The first reason we looked at Heinz was because we saw David Moran, CEO of Heinz North America, recently purchased 10,000 shares or $461,994 worth of stock. But more importantly, we know that one of the most successful activist investors ever, Nelson Peltz, also is a 5.4% shareholder and is pushing for change. While many view Peltz as an agitator, others point out he flat our gets results. His hedge fund, Trian, was started in late 2005 and returned 37% in 2006. But he is better known for his successful activist plays, which include Wendy’s and Tim Horton’s. Heinz currently trades for roughly 10x EBITDA but you can expect changes at the company fairly soon. Peltz obviously sees value and right after he upped his stake, rumors started swirling about Heinz being acquired. Peltz ultimately won two seats as well as the respect of Heinz executives and board members with his new ideas and vision for the company. Since Peltz launched his initiative a year ago, Heinz stock has jumped 35 percent, to $46, putting nearly $4 billion in shareholders' pockets.

CVS/Caremark recently announced a $5 billion dollar buyback. The huge retail drugstore operator recently announced its earnings rose 24 percent on strong revenue growth in the first quarter. The company recently acquired drug benefits manager Caremark for $26.5 billion. CEO Tom Ryan emphasized that there are two very healthy businesses that come together and the “real win here is, it rounds us out as a health care provider.” CFO Dave Rickard chimed in and offered that the company is “sitting on a bed of roses” as trends in most areas of the business should be favorable and surpassing prior guidance shouldn’t be a problem. We also like to make sure we have some smart investors who have also analyzed the stock and feel good about owning it. One such investor is Edward Owens, the well known manager of the $15 billion dollar Vanguard Health Care fund. He has run that fund since 1984 and has posted 19% annual returns since inception. He owns CVS and also likes LLY and SGP. So we have an enormous buyback, solid earnings and guidance and we also have solid, highly regarded managers in the stock.

Liberty Media Corp. announced a $500 million dollar buyback via a dutch auction tender offer. Liberty Media Capital holds a stake in News Corporation which is an international media and entertainment company.