CEO, 10% Owner Stewart Wang bought 16,290 shares of TAIT stock on 12/05/2011 at the average price of 0.88. Stewart Wang owns at least 276,592 shares after this.
CEO, 10% Owner Stewart Wang bought 7,000 shares of TAIT stock on 11/22/2011 at the average price of 0.9. Stewart Wang owns at least 125,006 shares after this.
Chairman, 10% Owner Tzu Sheng Ku bought 8,500 shares of TAIT stock on 11/22/2011 at the average price of 0.91. Tzu Sheng Ku owns at least 117,661 shares after this.
For the complete insider trading history of tait, click here.
Why CEOs Are Buying Stocks Of Their Own Companies?
As legendary investor Peter Lynch said: "Insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise."
TOP EXECUTIVES like CEOs and CFOs are savvy buyers of their companies' shares. One long-term study showed that they beat the market on average by six percentage points a year.
Another study found that the aggregated activities of insiders can serve as a good indicator to locate market bottoms. Insiders as a whole are smart investors of their own companies.
A magic formula stock tripled Its Revenue in the Last Five Years
This month's pick has been growing at rates normally reserved for tech startups like Facebook and Twitter: revenues have almost tripled over the past five years. Despite that, the company is trading for a decidedly un-Facebook like multiple of under 6.5x EV / EBIT and less than 10x earnings. .
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