Notable Insider Buys Week Ending 2-14-20
Avis got a new Chairman of the Board and he bought a lot of stock. Bernardo Hees, CEO of Kraft Heinz, bought 430,169 of CAR at $34.87. That was his first purchase and it was a big one, $15 million. It’s hard to say what the future is for the car rental companies with the gig economy, ride sharing, and autonomous vehicles. It’s not one we want to participate in, though. Chairman of the Board, Duncan, continues to amass significant shares of Enterprise Products Partners. Taken into perspective, this $5 million EPD buy represents a pittance of his vast holdings, … Read more