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 News , chart , profile , more Last:
Delayed quote dataAdd to portfolio Analyst Create alert Insider Discuss Financials Sponsored by: 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.