The Executive Vice President of the Dish Network (NASDAQ:DISH) is Jim DeFranco. He also happens to be a co-founder of the satellite TV provider. Between March 2 and March 8, DeFranco undertook massive insider buying, picking up nearly $16 million in DISH stock, not too far off its recent 14-year low. The reality is that founders such as DeFranco, who still works at the company and serves on the board, know as much as any investor about what’s really happening at the company. If he’s loading up on DISH stock, it’s certainly worth considering why.
Founders buying stock can be a good thing. Investing in S&P 500 companies run by founders can also be good. Over the long haul, it’s a strategy that tends to work. Here are seven founders loading up on their company’s stock. Their insider buying is a very good sign.
This post originally appeared at InvestorPlace.