PMBC

These are the Insider Buys that Matter Week Ending 8-14-20

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Earnings season is almost over and with it the blackout period that restricts corporate insiders from buying their own company’s stock.  Animal spirits are lighting up the market as insiders are adding fuel to the fire with the biggest increase in buying since the March lows.  Normally insiders buy their stock when it’s cheap and you see less buying when the market is making new highs.  Not this time!  Barry Diller shook up the online gambling world with his Interactive Corp IAC  disclosure that it had gone over the 10% reporting threshold with its most recent purchase of 9,705,785  shares of MGM at … Read more

As Buffett Laments Kraft Heinz purchase, his Partner ,Jorge Buys $100 million -Notable Insider Buys Week Ending Sept 20,2019

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Kraft Heinz insider buying dwarfs all others.  While everyone is lamenting the purchase, including Warren Buffett who in a rare error stated publicly that he overpaid for Kraft Heinz, his partner in the deal, Jorge Lemann, buys a $100 million worth of the depressed stock.  Jorge didn’t get to be the 36th richest person in the world according to Forbes, by being stupid. Of course, that is pocket change for Mr. Lemann but the $7 million by van Damme is not. One of the things you have to analyze in insider buying is the significance and meaningfulness of the buy. … Read more