TPC

Insider Buying Week 5-19-23 If you want to play a game of chicken- Tyson Insiders are Buying

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No one really believes the U.S. will default on the debt.  The least of which are these insiders stepping up to buy their company’s stock last week.  If we’re talking a game of chicken, I say look at what Tyson Foods insiders are doing.  Five insiders took advantage of the steep share price drop on Q1 earnings disappointment.  Albemarle insiders continue to bet on the lithium economy. If you’re inclined to bet on default, take a look at the PRA Group’s earnings disaster and the new CEO purchase.  Debt collection could be a hot new growth market. You can be … Read more

Quiet Insider Buying Shortened Week May 29th 2020

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Jazz Pharmaceutical Director Seamus Mulligan bought 50,000 shares at $111.08. Before investors pile in behind that enforcement, it’s worth considering Mulligan bought 50,000 shares back in 11/15/18 at $144.56. JAZZ had a few analyst downgrades after releasing last quarter’s earnings report. JAZZ is a leader in sleep medicine and has a growing hematology/oncology portfolio. Dynavax Technologies DVAX is a startup biotech.  The priced a 14M share offering at $5 below the last closing price osf $5.66. Director Jack bought 1,000,000 shares at $5. Do you think he knew that DVAX would announce a week letter that Sky would report a … Read more

Mercury General Auto Insurer Chairman Puts the Petal to the Metal

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 Mercury General Chairman George Joseph buys $9.2 Million more of this California property and casualty insurer.  MCY  with a current 6.4% dividend yield and a 34 year history of consecutive dividend raises, looks particularly tempting.  It’s off 44% from its high and the Chairman of the Board has bought $24 million worth of the company’s stock in the last 10 days. People are driving less, auto claims are down. The potential loss of reinvestment income due to lower bond rates seems overstated by this drop in price. Besides Mercury has been historically a  relatively bigger player in the equity markets, … Read more

Notable Insider Buys and Sales Week Ending 1-4-19 No One is Buying Yet!

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  I wrote in last week’s blog post, that “The next month will tell everything.  Every meaningful rout in the market has ended when a crescendo of insider buying has restored confidence and validated values.  We are not there yet but the question is will we get there when the 4th quarter blackout period ends.  Right now we are in a period where most insiders are prohibited from buying stock so close to the quarter end. This graph below shows a significant tick up in insider buying, the highest its been in a year but considering how grim the news … Read more

Notable Insider Buys and Sales Week Ending 12-21-18

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The next month will tell everything.  Every meaningful rout in the market has ended when a crescendo of insider buying has restored confidence and validated values.  We are not there yet but the question is will we get there when the 4th quarter blackout period ends.  Right now we are in a period where most insiders are prohibited from buying stock so close to the quarter end. This graph below shows a significant tick up in insider buying, the highest its been in a year but considering how grim the news is, I’d like to see a crescendo of buying … Read more