To: Hiram Walker who wrote (2040 ) 4/5/1998 1:50:00 AM From: SteveG Respond to of 4134
And everyone saw the HLIT insider buying report in Barron's last week? This week, Bob Gabele highlights this trend (part 5 of 5): =============== The Inside Story -5-: Oil Holders Hold On To Shares Elsewhere, the beaten-down oil and gas sector not only has seen insiders holding on to their shares but accumulating at current price levels as well. Other companies where we have been monitoring recent insider buying appear in a table nearby. While much has changed in tracking insider transactions, one verity remains: Nobody knows as much about a given company than the folks who run it. Not even Dr. Heisenberg can change that. BOB GABELE is president of CDA/Investnet, a Fort Lauderdale company that specializes in analysis of insider data. Issues Showing Insider Selling* These companies' insiders have made significant sales of stocks, according to CDA/Investnet. No. No. Price Company - (symbol) Insiders Shares Range Allstate - (ALL) 6 156,999 $ 91-$ 93 Lucent Technologies - (LU) 4 541,207 96- 107 Mattell - (MAT) 8 1,432,670 41- 42 Service Corp. - (SRV) 9 3,610,505 36- 43 Chrysler - (C) 18 922,809 34- 39 General Electric - (GE) 7 158,244 67- 78 American Home Products - (AHP) 5 509,228 90- 92 Banc One - (ONE) 14 1,368,982 51- 61 Electronic Data Systems - (EDS) 13 405,938 43- 45 Charles Schwab - (SCH) 11 2,751,515 34- 38 MBNA - (KRB) 12 1,379,296 27- 33 Intel - (INTC) 8 916,000 75- 82 Schering-Plough - (SGP) 10 572,181 60- 74 Procter & Gamble - (PG) 18 445,200 78- 84 PepsiCo - (PEP) 4 1,220,996 35- 37 *Includes open market sales and shares tendered to the company in payment for options exercised. Sales since December 1 Source: CDA/Investnet Where Insiders are Buying* Insiders have been accumulating stock at these companies, CDA/Investnet says. No. No. Price Company - (symbol) Insiders Shares Range Acme Metals - (AMI) 5 9,500 $ 9-$ 10 Apache - (APA) 5 29,625 32- 37 8 x 8 - (EGHT) 6 53,833 6- 6.75 Harmonic Lightwaves - (HLIT) 3 95,000 12- 13 HCC Insurance Holdings - (HCC) 5 75,600 16- 20 IMC Global - (IGL) 4 246,300 30- 34 MascoTech - (MSX) 6 100,850 18- 21 MedPartners - (MDM) 13 337,586 8- 11 Pioneer Resources - (PXD) 3 10,115 21- 24 Scholastic - (SCHL) 5 22,000 30- 35 Southern Union - (SUG) 3 85,300 11- 14 Sports Authority - (TSA) 3 16,900 23- 24 Winsloew Furniture - (WLFI) 3 19,700 16- 19 Webco Industries - (WEB) 6 38,900 6- 7 Vencor - (VC) 4 258,911 26 *Accumulation since Dec. 1; numbers include shares exercised for at prices below market prices and held Source: CDA/Investnet WHERE CREDIT IS DUE These companies provide loans to insiders to facilitate their purchase of company stock. Apartment Investment & Mgmt - (AIV) Beverly Enterprises - (BEV) Conseco - (CNC) Darden Restaurants - (DRI) Interim Services - (IS) Herman Miller - (MLHR) Genesis Health Ventures - (GHV) Merry Land & Investment - (MRY) Regency Realty - (REG) Summit Technology - (BEAM)