Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Paul Senior who wrote (8592)	10/11/1999 1:44:00 AM
From: Paul Senior	Read Replies (1) \| Respond to of 78777

I'm surprised to see so much insider buying now on stocks that have been mentioned here. I don't recall amounts being so heavy and among such a wide variety of stocks. Maybe I've just not been aware of it, or maybe the prices have come down now enough to attract the insiders, or maybe there's something structural happening (like the companies are giving incentives to insiders to buy). Or maybe it's just a random thing that I now see. Prices insiders say they are buying might now be below prices that have been recently posted here. Which I think could be expected. Value investors imo tend to be a bit early. Occupational hazard -g-. Here's a list of some heavy (imo) insider buys recently of stocks mentioned on this thread): Conseco (CNC) $62M worth. Wow. I must not understand what I am reading. Perhaps it's some arbitrage play. (I don't know what it could be though. I have a position and I know of no recent acquisitions.) Health South (HRC). $35M worth of buys after Mike Burry's recommendation! CNA $10.7M. A Mike Burry mention as I recall. NWL $4M. (@$32/sh.) I2 brought it to the thread recently. MBI. $4M. Mentioned and discussed by Jim Clarke and me. Saks (SKS) $2.3M. Not mentioned here. But I've been thinking about it for a couple of weeks. Anyone else? Chicago Pizza (CHGO) $2M. Post 8578. Larry Newman. Until now, I'd thought I'd rather eat the product than buy the stock. (Think I will pass again on CHGO stock though.) VAR $1.9M. Mike Burry again? Here or on Buffettology thread? JBHT $1.7. Trucker JB Hunt. I forgot who knows this stock&company. Jim Clarke I think? Stewart (STEI). $0.7M buying of this buried funeral home company. IGL. $0.4M of this fertilizer company. Harleysville (HGIC). 0.3M A recent "look at" suggestion from Allen Furlan for insurance investors. (Just mentioning all this for conversational purposes. Not trying to hype anybody/any stock. Also, I realize "heavy" insider buying - open market purchases - must be analyzed situationally. That is, importance and significance relate to shares outstanding and market price as well as number and type of insiders making the buys. And the frequency or pattern of buys perhaps. So a couple of $.05M buys by both the CFO and CEO on a $10 stock with a 2M sh. float might be considered "heavy" or significant. Or it might not be. And for large caps, multimillions of dollars might not be significant. Or maybe it is. For this post, I just used absolute dollar amounts.)