V

Notable Insider Buys and Sales Week Ending 11-9-18

by

Buys TSLA  Tesla Inc.  Elon Musk backs up his bravado with his pocket-book, buying $30 million worth of Tesla stock at an average price of $347.75. One though does have to wonder about the sources of Musk’s funds as he never sells stock, only buys it and takes no salary. This is reminiscent of bad experiences investors had with Audrey McClendon of Chesapeake Energy. At some point, the money runs out. Is Elon buying on margin? If so this can lead to a dangerous downward price decline in times of turmoil. AMH American Homes 4 Rent .Chairman of the Board Gustavson … Read more

Notable Insider Buys and Sales Week Ending 11-2-18

by

Buys MHK Mohawk Industries  Billionaire Director Balcean continues to buy this beaten down carpet manufacturer with a purchase of $29.6 million at an average price of $118.42 SNX Synex Corp  The Washington Service wrote On Oct. 12, SYNNEX Corp. (SNX) shares fell to a three-year low of $72.83. As shown on the graph below, Director Matthew Miau purchased 122,202 shares of the IT supply chain services provider on weakness on Oct. 19, indirectly through Silver Star Developments Ltd. The $9.6 million buy is Miau’s first at the company and marginally increased his holdings, and represents the largest purchase in SNX’s … Read more

Coinstar Jumps Over 12% on Earnings

by

Proof that consumers still love a physical product, Coinstar (owner of Redbox) rocketed over twelve percent in after hours trading.  The jump is attributed to a strong earnings report detailing 33% growth in revenue, a dollar of EPS in the fourth quarter, and estimated 2.2 billion in 2012 revenue.  This is in conjunction with the freshly announced partnership with Verizon, marking the dvd sellers first venture into the online streaming industry.  Redbox still manages to sell more DVDs than Netflix, but Netflix has the jump on the online industry.  They already spend over 1.2 billion a year on streaming content.