Chairman and CEO Alan M Meckler bought 46,000 shares of WEBM stock on 12/20/2011 at the average price of 0.43. Alan M Meckler owns at least 15,256,466 shares after this.
Chairman and CEO Alan M Meckler bought 12,809 shares of WEBM stock on 12/15/2011 at the average price of 0.51. Alan M Meckler owns at least 15,210,466 shares after this.
Director John R Patrick bought 20,000 shares of WEBM stock on 08/18/2011 at the average price of 0.79. John R Patrick owns at least 100,000 shares after this.
For the complete insider trading history of WEBM, 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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