Oh how I despise Yahoo's censorship. I typed a post about director Preston Butcher's insider buying, but just used his last name in the topic line. Yahoo deleted the post. Makes me wanna puke. The post went like this:
For those who have not been around here long enough and/or have weak memories, nrf stopped doing new business in 2Q 2008 and did not restart doing new business until 3Q 2011. Until 3Q 2011 director Preston Butcher owned no common shares. That changed after 2Q 2011 earnings were announced in early August.
On 8/30-31, 2011 he bought 100,000 at about 3.78. Gee, that coincides with the restart of new business.
On 11/9/11 he bought 50,000 at 4.25.
On 12/2/11 he bought 25,000 at 4.38.
On 2/24/12 he bought 25,000 at 5.40.
On 6/15/12 he bought 20,000 at 5.03.
On 8/10/12 he bought 20,000 at 5.52.
He now owns 240,000, sitting on more than a double. Only the last 40,000 are not long term.
As I posted when commenting on some of the above buys, there are many valid reasons why insiders sell, only one of which is thinking the price will go down. There is only ONE reason for a non-token open market buy by an insider.....the expectation that it is a good investment. Preston (I'm afraid to use just his last name) was right. Those who took the hints, like me, are sitting on nice gains with nice, growing dividends.