Maybe this is why the CEO was buying
Got this alert in my Scottrade account:
"Old Republic International is Going Back in the Black as Positive Earnings Are Now Expected (ORI)
"2 days 22 hours 14 minutes ago - Comtex SmarTrend(R) via Comtex
Comtex SmarTrend(R)Old Republic International (NYSE:ORI), which was in the red a year ago, is expected to turn a profit this year according to analyst expectations.
"In the last fiscal year, the company lost $0.16 per share. Old Republic International is now estimated to attain profitability and earn $0.65 per share this year, based on 259.2 million shares outstanding.
"Old Republic International is currently trading below its 50-day moving average of $12.58 and trading below its 200-day moving average of $12.95.
"Old Republic International Corporation is an insurance holding company whose subsidiaries market, underwrite, and provide risk management services. The Company provides services for a variety of coverages in the property and liability, mortgage guaranty,
"Write to Chip Brian at cbrian@tradethetrend.com"