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 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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