For the first time in a decade, there’s a whiff of real fear in the financial markets. I’m not talking about the low-grade anxiety we’ve seen occasionally during the bull market, where investors worry about when to buy the dip. Over the last few days we’ve seen something different -- a deeper fear, fear that comes from not knowing if there is a bottom.
Profiting from the public filings of “smart money” equity investors.
The price of oil has plummeted over 21% since October 3. Brent crude has traded lower for the last 10 consecutive sessions -- it’s longest losing streak since 1984. A number of energy-related companies have seen unusually aggressive insider accumulation. These stocks may be the biggest winners when the inevitable rebound take place. Here is a list of stocks showing the greatest insider accumulation over the last couple weeks.
GE’s new CEO just bought $2.2 million of stock. Should investors follow his lead or is this insider buy just PR?
General Electric (GE), once the bluest of blue-chip stocks, has fallen hard. Since the end of 2016, GE’s market cap has dropped by 70% -- from $277 billion to $83 billion. In June GE was dropped from the Dow Jones Industrial Average after more than a century. The stock now trades at $9.30, down nearly 50% year-to date.
Tandem Diabetes Care’s market cap soared from $25 million to $2.92 billion in 2018. Here’s how insider trades predicted the explosive move
In early 2018 Tandem Diabetes Care (TNDM) traded just above $2 a share – one of a hundred small cap heath care companies with more potential than profits. Bankruptcy seemed more likely than breakout success. No one suspected that by September TNDM would trade at $50, a gain of 2000%? Well, almost no one.
Independent Bank Group announced a stock buyback, and insiders are buying – a bullish signal. But the opposite is the norm — all too often insiders sell after buyback announcements
A stock buyback announcement presumably means management believes a company’s shares are undervalued. So a stock typically jumps on buyback news. Indeed, IBTX shares rallied after the announcement and insider buying disclosures despite a weak broad market. Unfortunately, insider buying after a buyback announcement is the exception. Here’s a dirty little secret – the very same officers and other insiders who initiate buyback programs often sell personal shares immediately after the buyback news.
The mother of all margin calls: How Aubrey McClendon’s $2 Billion stake in Chesapeake Energy stock melted down to $30 million in 100 days
In June of 2008, Aubrey McClendon, the Chairman and CEO of Chesapeake Energy (NYSE:CHK) was riding high: He was a superstar of the Oil and Gas world, a financial wizard who had started Chesapeake with a $50,000 stake in 1989, and grown the company into a behemoth with a market cap over $30 billion, the nation’s 2nd largest producer of natural gas after ExxonMobil.
Bassett Furniture stock is on a big losing streak – but a recent insider buy may signal the shares are cheap
Bassett Furniture (Nasdaq:BSET), a furniture manufacturer and retailer with a market cap of $230 million, and annual sales of half a billion dollars, is one of the worst performers of the home goods group. With its October 16 close of $21.42, BSET is down over 43% year-to-date. And here’s something you don’t often see: Bassett stock has declined for 11 months in a row.
Back in March of 2009, a dollar could buy a cup of coffee, a pack of chewing gum, or a share of Citigroup stock. That’s when a group of Citi insiders bought $9.5 million of their own shares. They picked the bottom
Continuing the series on the greatest insider trades: On October 15, 2018, Citigroup (NYSE:C) reported Q3 2018 EPS of $1.73 on revenues of $18.39B, generally in line with expectations. Trading near $70, Citi has a market cap of $175 billion, and is one of the premiere U.S. financial institutions.
Seth Klarman is not known for high-profile activist campaigns confronting underperforming management. The manager of Baupost Group has built his formidable track record finding undervalued stocks and quietly building positions as a long-term investor. That’s why Baupost’s recent 13D filing targeting Viasat, Inc. (Nasdaq:VSAT) is interesting.
During the dark days of 2009 Sheldon Adelson bought $37 million of Las Vegas Sands stock. His profit is now $700 million
On Sunday, January 18, 2009, as the financial crisis intensified, the Las Vegas Sun ran an article entitled: “Las Vegas Sands: A big rise, a big fall.” The piece chronicled how Las Vegas Sands casino founder and CEO Sheldon Adelson’s personal fortune peaked in 2007 at $28 billion on the strength of his stake in Las Vegas Sands (NYSE:LVS) stock, making him the third richest man in America.