Month: October 2020

Massive Insider Buy in Selecta Biosciences $SLB and other Notable Buys Week Ending October 23, 2020

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For trade details click on this link to the trades Selecta Biosciences up 23.20% Carnival Corp up 9.32% Del Taco Restaurants up 8.61% CITIGROUP up -0.32%   Director Timothy Springer has been on a buying binge with Selecta Biosciences.  This past week alone, Springer purchased 1,887,696 shares at an average price of $2.30 and 3,644,692 shares at $2.62 per share.  Between these two buys he shelled out $13.89 Million.  That’s on top of the $6 million he spent the prior week buying shares between $1.77-$1.99 a piece. So he more than doubled down on this buy and paid as much … Read more

Not Much in the Way of Insider Buys Week 10-9-20 but Kyle Bass files on $SBE

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LIQUIDITY SERVICES INC up 43.2% AMAZON COM INC up 2.92% Medtronic plc up There wasn’t much happening in new insider buys but when CEO Angrick bought 94,567 shares of Liquidity Services at $7.57, it lit a match under this dormant stock. LQDT roared 43% on this vote of confidence.  Liquidity Services operates a network of e-commerce marketplaces. Its online auction marketplaces include: Liquidation.com, GovDeals.com, Network International, GoIndustry DoveBid, IronDirect, Machinio, and Secondipity.com. Indra Nooyi has been regularly adding to her Amazon holdings since becoming a director.  This purchase of 92 shares of AMZN at $3,193.22 looks more like the former … Read more

3rd Quarter 2020 Partner Letter

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3rd Quarter 2020 Partner Letter This letter is our report card to our partners. We strongly encourage you to read it carefully as often the difference between success and failure in investing boils down to understanding what you own. Investments rarely align themselves with monthly or quarterly results, so it’s important to understand the logic behind the reported results. I believe success in the stock market is often about investors with conviction taking money from those that lack it. I have added dynamically updated spreadsheets tracking the performance of the notable insider buys to better aid in our understanding of … Read more

The Week Democrats Found Religion and Republicans Found Science

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POTUS tweeted he tested positive for Covid-19.  Tellingly it was the most liked Trump tweet ever.  The President’s demand for loyalty is now looking like it could extend to death as Trump conducts super spreader events and legions of followers succumb to the virus. The market had its worst September in 9 years.  Insider buying was anemic.   In spite of the headlines, the market was up 1.52% for the week.  Our notable insider buys were up 5.12% STEELCASE INC up 14.44% At Home Group Inc. up 12.10% PHILLIPS 66 PARTNERS LP  up 5.12% GOLUB CAPITAL BDC Inc. up 5/09% Douglas … Read more

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