The Best Information is Inside Information

Buys

  1. Beleaguered COTY had an officer add another $1.3 million to his stake after Coty drops 20% after disastrous earnings report. Note Mr. Huber is an officer of the company and has not shown very good timing as he is down over 5% on his last $1.5 million dollar purchase.  None the less there is not much insider buying going on so its noticeable.
  2. Director Trapani steps up big and buys $12.1 million worth of luxury jeweler Tiffany at average prices of $89.  This is an interesting buy but Tiffany looks fully valued and based on two DCF tools we use is worth closer to $75 than current prices.
  3. Chairman of the Board Steven Webster bought $3 million of Carrizo Oil and Gas adding to his previous disastrous purchase in March at nearly three times the price. Spring hopes eternal in the oil patch.
  4. New director George Thompson steps in a big way buying Lending Tree to the tune of $1.2 million near a lifetime high.
  5. Director McGillicudy buys $1.0 million of high yielding  7.62% office REIT Franklin Street Properties. This is one warrants further investigation.

Sales

  1. High flying Tableau Software insiders can’t unload fast enough with over $62 million in stock sold last week alone.  Revenue growth rate is slowing down like clockwork quarter over quarter but the market is rewarding this company with a $5 billion dollar market cap yet it has yet to earn a GAAP profit.
  2. Quintiles shareholders take advantage of company replacing Whole Foods in the S&P 500 by unloading $779 million last week.
  3. Non profitable e-commerce furniture seller Wayfair insiders dump $50.9 million worth of stock. It’s the Amazon model, sell a lot of stuff and don’t worry about making money
  4. Overvalued Ilumina insiders take advantage of recent price strenght to unload $18.6 million.
  5. Service Master Global Holdings insiders sell off $57.1 million of stock only to watch hurricane Harvey flood Texas and spike the stock