MLHR

The Willing Suspension of Disbelief- Insiders are Scarce Week Ending July 10th

by

 Insiders buys were far and few in between last week. You can see them at this link to the trades- The most notable and outlandish was Harold Hamm’s monster buy of $47.6 Million of Continental Resources CLR at $17.77.  This is all the more remarkable since June, Hamm has bought $178 Million of this beleaguered oil and gas Bakken fracking pioneer.  Hamm has tons of this stock. Hamm is a big supporter of Trump who as much as he professes his love for the industry, the price of crude has cratered on his regime. Perhaps he feels oil will … Read more

A Few Insider Buys in some Beleaguered Stocks Week Ending May 9th 2020

by

Private prison operator GEO Geo Group CEO Anthony Quinn continues to buy stock in this out of favor REIT play yielding an astounding 16.7% on Friday’s close. In the most recent 10Q the Company stated that Covid-19 pandemic adds a material concern to the financials. I think the stock reflects that with its yield. On March 24th they were rewarded  with a five year 90-100,000 participant contract with U.S. immigration services.  This $2.8 million purchase at $11.31 is the latest in large buys. He bought $1.2 Million on 3/12 at $11.65 and $8.5 million at $16.58 on 2-24-20. The stock … Read more