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Walter Energy, Inc. Common Stoc Message Board

  • jimturner54321 jimturner54321 May 16, 2013 12:29 AM Flag

    Director bought 25,000 shars on Monday

    Bargain hunters are wise to pay careful attention to insider buying, because although there are many various reasons for an insider to sell a stock, presumably the only reason they would use their hard-earned cash to make a purchase, is that they expect to make money. Today we look at two noteworthy recent insider buys.

    At Walter Energy (WLT), a filing with the SEC revealed that on Monday, Director Michael T. Tokarz purchased 25,000 shares of WLT, at a cost of $19.00 each, for a total investment of $475,000. Investors can pick up WLT even cheaper than Tokarz did, with the stock changing hands as low as $17.96 in trading on Wednesday — that’s 5.5% below Tokarz’s purchase price. Before this latest buy, Tokarz made one other purchase in the past twelve months, buying $443,750 shares for a cost of $17.75 each.

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