WMGI

Wright Medical $WMGI jumps after Bloomberg Says Exploring Potential Sale

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Wright Medical Group (WMGI) is working with financial advisers to explore a sale, Nabila Ahmed and Ed Hammond of Bloomberg reported last night, citing people familiar with the matter. The ankle joint implant maker rose 11% in after-hours trading Friday night to $24.45. The company has made no final decision and could still opt against a potential sale, sources told Bloomberg. Potential acquirers in the space include Stryker (SYK), Johnson & Johnson (JNJ) and Smith & Nephew (SNN), Ahmed and Hammond reported. I was reviewing our portfolio holdings after the market close on Friday, (embarrassingly counting the money on a … Read more

Insiders Put the Petal to the Metal as Animal Spirits Show Signs of Life

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Animal spirits are picking up.  This is the most buying we’ve seen since the market sell-off last December. One thing for sure, Insiders buy stocks when they think they are cheap.  Highlights are: Several insiders bought GE stock immediately prior to and immediately after Harry Markapolis’s interview on CNBC where he alleged fraud. Axogen Chairman bought $1 million worth of stock after the company she leads plunged 30% on weaker earnings forecast Outdoor billboard leader, Clear Channel newly appointed Chairman bought $913k at $2.28 per share.  CCO is loaded with debt. Three CIT insiders took advantage of low prices to … Read more