by: Steven Kiel
Each week I highlight large insider purchases made by the CEO. These purchases must not be option grants or exercises. I prefer to track insider buying at the CEO and CFO level, rather than at the Board level, because management should have a better idea of what’s going on in the day-to-day operation of the company. An insider buys company shares because they have confidence in the company and the stock, and occasionally these purchases foreshadow a coming catalyst.
At the same time, these insiders are humans and can get caught up in the market and may be blind to problems within their own company. This list should be treated as a handy starting point for doing research, not the final step. Last week’s edition featured CEO purchases of more than $200,000. You can see those stocks here. This week we’re back to the $100,000 level, and we have 7 stocks:
Sanders Morris Harris Group (SMHG): This is an interesting stock. The company will be changing its name to The Edelman Financial Group and elevated president Ric Edelman to be a co-CEO with current CEO, George Ball. The plan is for Ball to step aside in a year or so. continue reading herre at Seeking Alpha