NICK

Notable Insider Buys Week of 8-23-19 as Trump Tweets Scare Investors

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We are throwing out AESE as this wasn’t filed correctly and upon further review, it was deemed not to be an open market purchase Fossil Group insiders bought $2.2 million worth of this watch and teen wear company. FOSL group is in a race down the down staircase with decreasing revenues and decreasing SGA. Change Health Care is McKesson’s giant conglomerate of health tech companies recently gone public with Blackstone as their private equity investors. I haven’t had good luck with private equity IPOs, saddled with debt and selling institutional investors. This one doesn’t have any long term debt but it … 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

‘s Refinery Blows Up- Better to be Lucky than Good

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Insider Buying Week Ending June 21, 2019 PBF Energy CEO Buys $950,000 in Stock Moments before Competitor’s Refinery Blows Up reminding me of the saying when it comes to Wall Street, Sometimes It’s Better to be Lucky than Good Ron Perleman thinks Scientific Games is his lottery ticket. Investors aren’t so lucky. Prospect Capital Corp insiders like its 10% plus yield yet the stock is lower now than a year ago in spite of the bull run in yield sensitive names. Medicine Man Technologies is no cure for poverty.  Insiders can play games too. Insiders sell stock for many reasons, … Read more