Who cares what financial “pundits” are yapping about? Show us the money. Show us what the insiders are scooping up!
Because when these guys and gals buy, it’s for one reason. They believe their stock’s price is undervalued, and that it’s due to pop.
Insider buying activity has been quiet of late. No surprise there: The market is setting new highs on the regular, and many execs are nervous about buying when their stocks are at or near all-time highs.
That said, I’ve had my eye on a handful of recent insider buys in some of Wall Street’s top payers. These companies are yielding 6.4% to 12.3%. These insider buyers are not only confident that their stock price is heading higher. They also believe in the dividend.
This post appeared at Dividend Stocks Research.