I posted on my blog Aug 21 about insider buys on CAB: So I strolled over to insidercow.com this morning and did a search for recent "buy" activity from insiders and found two interesting stocks I am going to follow for the next 90 days. By sheer number of buys going on, SNBC stuck out. They have been buying shares all through August. Currently trades around 5.85, but just 1 year ago it traded in the mid teens. Second, by actual amount invested is CAB. One insider bought 2.2M over the last month at market price....versus options. This speaks that something is up because execs don't put that kind of money in a losing investment. CAB currently trades for 16.00 so let's see where it goes by end of year. I think CAB is entering the best quarter of their financial year and it will reflect in a 4-6 dollar rise in their stock price in the next 6 months.
$16.4299 (08/24/09)
