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Tel Instrument Electronics Corp (TIK) President/COO Jeff C Ohara buys 18,000 Shares

October 01, 2009 | About:
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President/COO of Tel Instrument Electronics Corp (TIK) Jeff C Ohara buys 18,000 shares of TIK on 09/11/2004 at an average price of $4.73 a share.

Tel-Instrument is a leading designer and manufacturer of avionics test and measurement solutions for the global commercial air transport general aviation and government/military aerospace and defense markets. Tel-Instrument provides instruments to test measure calibrate and repair a wide range of airborne navigation and communication equipment. Tel Instrument Electronics Corp has a market cap of $11.4 million; its shares were traded at around $4.85 with a P/E ratio of 76.8 and P/S ratio of 0.9.


Recent Trades of Tel Instrument Electronics Corp by CEO:

  • Buy: Chairman/CEO Harold K Fletcher bought 24,500 shares of TIK stock on 09/09/2009 at the average price of $4.73; the price of the stock has increased by 2.54% since.


Recent Trades of Tel Instrument Electronics Corp by Directors and Officers:

  • Buy: Director George J Leon bought 33,500 shares of TIK stock on 09/14/2009 at the average price of $4.73; the price of the stock has increased by 2.54% since.


About the author:

GuruFocus - Stock Picks and Market Insight of Gurus

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Why CEOs Are Buying Stocks Of Their Own Companies?

  1. 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."
  2. 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.
  3. 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.

Click it to Check Out What the CEO Are Trading


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