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

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

Insider Buying Week 5-12-23 Prelude to Something but What?

Insiders are coming out in force to buy regional and community banks.  Normally significant insider buys are met with a predictable market response, a positive bounce between 3%-5%. This is not happening.  There is no urgency, as the stocks, for the most part, are lower than when the “informed investor” purchased the shares.  I like to believe that no one knows more about the business than the people running it, but banks may be a glaring exception to my dogma.  First of all, banks’ balance sheets are complicated and notoriously obtuse.   2008 should serve as an indelible reminder of that. … Read more