$CATS

Insider Buys Week Ending May 1, 2020

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Our pick of the week, EDI Stone Harbor Emerging Market VP bought 100,837 at $5.88 yielding over 15%. Combined with the discount to NAV, the distribution rate for EDI as of May 1 was 27%.  The Stone Harbor Emerging Markets Total Income Fund (EDI) is not for the faint of heart. It’s down 38%YTD and it’s five year return is -5.5%. It’s a managed portfolio of Emerging Markets Debt (sovereign and corporate debt in both hard and local currency) combined with an ability to invest in Emerging Markets Equity, structured to maximize total return. The largest purchase last week was … Read more

Insiders Retreat and Turn into Sellers Week Ending March 27th

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The Washington Service reports insider buying ratio at the highest level they’v recorded since the Great Recession in the fall of 2008 and the retest in 2009.. They look at a 30 day moving average ratio of insider buys to sells.  All previous markets have sharply rebounded when this occurred. Is this time different? We track insider purchases over $200K very carefully and accurately. Last Friday there were only six buys over $200k and 145 sells.  It seems even insider buying is now rolling over.  That is likely because as we near the end of the quarter, most insiders are … Read more