Insider buys as more people exit.
"Eddie Lampert, whose ESL Investments bought $27.6 million of AutoZone (AZO) as the stock hit a two-year low....
the CEO of discount shoe seller DSW (ticker: DSW), Jay L. Schottenstein, shoveled more than $15 million into his company's stock, paying an average of less than $12 a share; the stock now trades for $11.50. Schottenstein's confidence says something, given his retail background. He's the former CEO of American Eagle Outfitters (AEO)....
Mexican investor Carlos Slim Helú bought nearly $11 million of Saks (SKS) stock, boosting his already significant stake in the parent of tony Saks Fifth Avenue. Saks has fallen more than 70% in the past year, to around $5 a share. Slim paid about $7 a share....
Bill Gates continued to boost his stake in Republic Services (RSG), the waste hauler. From Aug. 5 to Sept. 29, he invested $256.7 million in Republic, at an average price near $33. Today, the stock is around $22
Five insiders bought shares of MetLife (MET) recently, reversing a multi-year trend of planned sales. At credit-card issuer Discover Financial Services (DFS), the CEO, CFO and chief operating officer bought shares in early October at an average of $11.55 a share; the stock now trades around $10. "-Stock Article Link
Labels: azo, carlos slim helu, dsw, eddie lampert, met, rsg, sks
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