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Opko Health, Inc. Message Board

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  • drangles2000 drangles2000 Mar 26, 2009 8:25 PM Flag

    Back over a buck for now

    Sample of Dr Frost buying--------------------
    Insider buying hits 8-year low in '03
    Some CEOs rewarded for loading up in a rising market
    By Matt Andrejczak, CBS.MarketWatch.com
    Last update: 2:08 p.m. EST Jan. 8, 2004
    WASHINGTON (CBS.MW) -- Ivax Chairman and CEO Phillip Frost considers himself an impulsive buyer of his Miami-based company's shares, and he pulled the trigger in a big way in 2003.
    Frost bought 880,000 shares of the generic drug maker, making him one of the biggest insider buyers among CEOs. His bet paid off -- the company's shares (IVX:IVX
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    IVX, , ) soared 96.7 percent in 2003.
    Frost was one of only a small number of corporate insiders who put their money where their faith was last year -- despite the bull market's return. Corporate insiders bought $1.1 billion of stock -- the lowest annual level 1995, according to Thomson Financial data.

 
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