CEO Richard M Haddrill sold 20,000 shares of BYI stock on 01/03/2012 at the average price of 39.64. Richard M Haddrill owns at least 729,735 shares after this. The price of the stock has increased by 5.78% since.
CEO Richard M Haddrill sold 20,000 shares of BYI stock on 12/05/2011 at the average price of 37.7. Richard M Haddrill owns at least 729,735 shares after this. The price of the stock has increased by 11.22% since.
CEO Richard M Haddrill sold 20,000 shares of BYI stock on 11/02/2011 at the average price of 36.09. Richard M Haddrill owns at least 735,237 shares after this. The price of the stock has increased by 16.18% since.
For the complete insider trading history of BYI, 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 Ben Graham Net-Net with 19 Straight Years of Profits
May's Ben Graham Net-Net pick has been profitable for 19 straight years. It has 25% of its market cap in cash. And zero debt. Insiders own 48% of the company. We will buy this net-net on Monday.