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.
Their hard earned cash is a total joke.They receive those stock options as an ad campaign to make the company look good.If they go up they make money ,if not oh well.Stock options are a drain on stockholders and should be banned.If they cant pay them out of cash they dont need them.
solid report. Yes I read many possibilities in all the inside buying. And they are all good !!. Nothing negative about ownership putting more skin in the game. if I had short position I be somewhat nervous will all the recent buying activity.