Now could be the time to consider a position in Lumber Liquidators (NYSE:LL) — President and CEO Robert Lynch may be on a buying spree, after purchasing 4,000 shares of the company on Oct. 29, and 2,000 shares on Nov. 4.
While insider buying is always a good sign, according to Peter Lynch in his bestselling book “One Up on Wall Street,” what sets Lumber Liquidators apart is Lynch’s track record over the years. It’s clear the CEO has good timing when it comes to buying and selling the stock — from 2011 to 2012, all of Lynch’s recorded transactions were buys, which caused the stock to increase more than 100% on seven out of nine occasions. In August 2011, the stock rose more than 307% after Lynch purchased 2,000 shares of the company. Continue Reading »