AXGN

The Insiders Fund update and coronavirus thoughts

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Just wanted to update the partners and interested parties on recent events and market turmoil. As of yesterday the Fund was up about 2.88% for the month. These are unofficial numbers but highly reliable nonetheless. After today, I expect that gain will be gone.  The market is in the grips of a psychological panic caused by the coronavirus.  It doesn’t matter if this is justified or not, it just is. Particularly hard hit have been airlines which was our highest exposure as an industry group.  We have been reducing this exposure and as of the time of writing, we have … Read more

Insiders Put the Petal to the Metal as Animal Spirits Show Signs of Life

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Animal spirits are picking up.  This is the most buying we’ve seen since the market sell-off last December. One thing for sure, Insiders buy stocks when they think they are cheap.  Highlights are: Several insiders bought GE stock immediately prior to and immediately after Harry Markapolis’s interview on CNBC where he alleged fraud. Axogen Chairman bought $1 million worth of stock after the company she leads plunged 30% on weaker earnings forecast Outdoor billboard leader, Clear Channel newly appointed Chairman bought $913k at $2.28 per share.  CCO is loaded with debt. Three CIT insiders took advantage of low prices to … Read more