President and CEO of Polycom Inc. (PLCM) Andrew M. Miller sells 80,000 shares of PLCM on 01/26/2012 at an average price of $20.68 a share.
Polycom Inc. has a market cap of $3.6 billion; its shares were traded at around $20.35 with a P/E ratio of 24.1 and P/S ratio of 2.4. Polycom Inc. had an annual average earning growth of 8% over the past 10 years. GuruFocus rated Polycom Inc. the business predictability rank of 3-star.
Director William Arthur Owens sold 10,000 shares of PLCM stock on 11/30/2011 at the average price of 17. William Arthur Owens owns at least 46,898 shares after this. The price of the stock has increased by 19.71% since.
Director William Arthur Owens sold 800 shares of PLCM stock on 11/18/2011 at the average price of 17.51. William Arthur Owens owns at least 51,898 shares after this. The price of the stock has increased by 16.22% since.
For the complete insider trading history of PLCM, 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.
With regard to investing in net-nets, Ben Graham said: "It always seemed, and still seems ridiculously simple to say that if one can acquire a diversified group of common stocks at a price less than the...net current assets alone…the results should be quite satisfactory. They were so in our experience, for more than 30 years."
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