The week after the long Labor Day weekend always worries me. The hedge funds and titans of Wall Street have had plenty of time to convince themselves that the market is overvalued and plenty of time to collude at their Hampton retreats.
You can be an insider, too– by clicking here
Name: William Thomas McLain Jr.
Position: EVP, CFO
Transaction Date: 08-27-2025 Shares Bought: 3,670 shares an Average Price Paid of $68.73 for Cost: $252,239
Name: Brad A. Lich
Position: EVP & CCO
Transaction Date: 08-27-2025 Shares Bought: 3,280 shares an Average Price Paid of $68.49 for Cost: $224,647
Name: Mark J. Costa
Position: CEO & Board Chair
Transaction Date: 08-27-2025 Shares Bought: 7,400 shares an Average Price Paid of $67.89 for Cost: $502,38
Company: Eastman Chemical Co. (EMN):
Eastman Chemical Company is a global specialty materials manufacturer with a broad portfolio of products used in everyday applications. Founded in 1920 to supply chemicals to Eastman Kodak, the company became publicly traded in 1993. Today, Eastman operates 36 manufacturing sites and participates in three joint ventures across 12 countries. Headquartered in Kingsport, Tennessee, Eastman focuses on innovation, safety, and sustainability, operating through four segments: Advanced Materials, Additives & Functional Products, Chemical Intermediates, and Fibers.
William T. McLain, Jr. has served as Executive Vice President and Chief Financial Officer of Eastman Chemical Company since 2020, overseeing finance, corporate development, and information technology. He joined Eastman in 2000 and has held senior finance and accounting roles across the U.S., Asia, and Europe. Earlier in his career, he worked at PricewaterhouseCoopers, gaining expertise in global finance and accounting. A Kingsport, Tennessee native, McLain earned a B.S. in Accounting from Appalachian State University and an MBA from the University of Chicago Booth School of Business.
Brad A. Lich has served as Executive Vice President and Chief Commercial Officer of Eastman Chemical Company since 2016, after joining the Executive Leadership Team in 2014. Since joining Eastman in 2001, he has advanced through multiple leadership roles, overseeing Advanced Materials, Fibers, Marketing, Sales, Procurement, Corporate Strategy, and regional operations—driving transformational growth and performance. Earlier, he co-founded and led CoatingsMart and held senior roles at Valspar and Dow Chemical. Lich holds a B.A. from Indiana University and an MBA from Northwestern University’s Kellogg School of Management.
Mark J. Costa has served as Chairman and Chief Executive Officer of Eastman Chemical Company since 2014, assuming the CEO role in January and becoming Board Chair in July of that year. He joined Eastman in 2006 as Chief Marketing Officer and Head of Corporate Strategy and Business Development, later advancing to Executive Vice President and President in 2013. Under his leadership, Eastman has transformed into a specialty materials company, with a strong focus on innovation, sustainability, and inclusive culture. A native of Carmel, California, Costa earned a B.A. in Economics from the University of California, Berkeley, and an MBA from Harvard Business School.
Opinion:
Specialty chemics has been a tough place to make money, even with the U.S. built in advantage of low cost and plentiful natural gas supplies. Just as John Huntsman of Huntsman Chemical.
Eastman Chemical (EMN) delivered a cautious Q2 2025, with adjusted EPS of $1.60 missing estimates amid a 3% decline in revenue and softer margins—especially outside its strong Additives & Functional Products segment. Operating pressures are evident in slower demand and unexpected disruptions. The company continues to push forward with its circular economy strategy, especially at its methanolysis facility, while implementing cost controls and disciplined cash returns.
A notable insider purchase by EVP William McLain ($252K) hints at internal confidence and a slew of other insiders stepped up, contrasting a broader trend of insider selling over the past year. While full-year operating cash flow is expected near $1B, the inventory drawdown planned for H2 presents near-term headwinds (75–100M).
Eastman remains compelling for investors focused on specialty chemicals and sustainability-driven assets, though execution amid macroeconomic pressures will determine whether the investment outlook strengthens or remains tenuous.
Name: Robert M. Blue
Position: Chair, President And CEO
Transaction Date: 08-27-2025 Shares Bought: 4,152 shares an Average Price Paid of $60.35 for Cost: $250,557
Company: Dominion Energy Inc. (D):
Dominion Energy, Inc. is a leading U.S. energy company operating through three segments: Dominion Energy Virginia, Dominion Energy South Carolina, and Contracted Energy. Dominion Energy Virginia delivers electricity to more than 2.8 million customers in Virginia and North Carolina, while Dominion Energy South Carolina provides service to about 0.8 million electricity and 0.5 million natural gas customers across the state. The Contracted Energy segment manages nonregulated renewable power generation and renewable natural gas facilities. Founded in 1983 and headquartered in Richmond, Virginia, Dominion Energy oversees substantial electric generation capacity and transmission networks that support millions of households and businesses.
Robert M. Blue is the Chair, President, and Chief Executive Officer of Dominion Energy, Inc. He joined the company in 2005 and has held a series of senior leadership roles, including Vice President of State and Federal Affairs, Senior Vice President of Public Policy, Regulation, and Law, and President of Dominion Virginia Power. He was appointed President and CEO in October 2020 and became Chair of the Board in April 2021. Blue holds an undergraduate and MBA from the University of Virginia and a law degree from Yale Law School.
Opinion:
Dominion is one of the few utility companies that haven’t seen their share price ignite. Dominion Energy (D) delivered a solid Q2 2025, with GAAP EPS surging 38% to $0.88 and operating EPS holding at $0.75, amid a nearly 9% year-over-year revenue increase. Management reaffirmed its FY2025 earnings guidance ($3.28–$3.52), signaling confidence in trajectory. While its regulated structure and execution of large-scale renewables like CVOW support long-term growth, Dominion is navigating capital-intensive challenges—highlighted by a $96 million non-recoverable cost charge and increasing debt ($35.9B), despite prior asset divestitures.
Insider buying, notably by CEO Robert Blue ($250K), adds a layer of confidence. Seriously, though, I’d like to see a bigger commitment than this paltry $250k purchase. Don’t get me wrong. $250 is real money for most of us but considering the CEO is making $13 million per year, it’s really chump change.. Yet elevated valuation (P/E ~16x) and regulatory execution risk—especially with offshore wind tariff exposure and financial reporting complexities—temper enthusiasm. Still, Dominion remains a standout in transition-tailwind utilities, offering yield, regulated rate-base growth, and clean energy exposure—for investors willing to balance income stability with project-level execution risks.
Name: Spencer M. Rascoff
Position: Chief Executive Officer
Transaction Date: 08-26-2025 Shares Bought: 13,250 shares an Average Price Paid of $37.57 for Cost: $497,861
Company: Match Group Inc. (MTCH):
Match Group, Inc. is a leading provider of digital technologies and online dating services, operating across five key segments: Tinder, Hinge, Evergreen, Emerging, and Match Group Asia. Its diverse portfolio includes globally recognized brands such as Tinder, Hinge, Match, Meetic, OkCupid, Pairs, Plenty of Fish, Azar, and BLK, each designed to enhance users’ opportunities to connect and build relationships. With services available in over 40 languages worldwide, Match Group reaches millions of users across markets. Founded in 1986, the company is headquartered in Dallas, Texas.
Spencer M. Rascoff became CEO of Match Group, Inc. in February 2025 after joining its Board of Directors in March 2024. A seasoned entrepreneur, he co-founded Zillow, where he served as CEO for a decade, as well as Hotwire and Pacaso. Beyond his corporate leadership, Rascoff is a visiting professor at Harvard University, teaching entrepreneurship and startup courses.
Opinion:
AI dating match should get interesting. No doubt this is an area ripe for exploration. Match Group is evolving through a strategic reset aimed at reigniting growth across its portfolio. In Q2 2025, revenue held steady at $864M, but payer count fell 5%, offset by a 5% increase in monetization per payer. The shift highlights both strength (better monetization) and vulnerability (eroding user base). Notably, Hinge continues to surge in both usage and revenue, while Tinder remains under pressure despite new features aimed at Gen Z.
The company’s three-phase transformation—Reset, Revitalize, Resurgence—is gaining traction, with reinvestments planned across its key brands and geographies. Free cash flow remains robust, and capital returns have been aggressive, including $420M in buybacks. However, investors should monitor liquidity tightening (cash burn and maturing debt) and ensure transformation execution holds.
With a wide moat and leading position in online dating, Match Group offers a compelling story balanced between value extraction and reinvigoration. The trajectory over the coming quarters—especially user re-engagement in Tinder and growth execution for Hinge—will determine long-term upside.
Name: Jonathan S. Sobel
Position: Hilltop Securities Chairman
Transaction Date: 08-22-2025 Shares Bought: 30,000 shares an Average Price Paid of $34.84 for Cost: $1,045,300
Company: Hilltop Holdings Inc. (HTH):
Hilltop Holdings Inc. is a Texas-based financial holding company operating under the Bank Holding Company Act of 1956. Its banking division delivers a full range of corporate and consumer banking services across Texas, while its broker-dealer and mortgage origination businesses provide diversified financial products and services. The company pursues growth through both organic expansion and strategic acquisitions, supported by strong cash resources, liquidity, and flexible financing capabilities. Hilltop’s two core business groups offer comprehensive financial solutions across multiple markets.
Jonathan S. Sobel has served on the Board of Directors of Hilltop Holdings Inc. since July 2019 and is the Non-Executive Chairman of its broker-dealer subsidiary, Hilltop Securities. He previously spent over two decades at Goldman Sachs (1987–2008) as Partner Managing Director, holding key leadership roles including Global Head of the Mortgage Department, Global Head of Money Markets, Head of the Global Bank Group, and Chief Risk Officer. Mr. Sobel earned a Bachelor of Arts in Economics from Columbia University and is actively engaged as a trustee with several leading organizations.
Opinion:
Hilltop Holdings (HTH) delivered a compelling Q1 2025, with income to common shareholders rising to $42.1M (from $27.7M), EPS up to $0.65, and tangible gains from merchant banking and mortgage operations driving performance. The firm’s ROA and ROE improved alongside a rising book value per share of $34.29. Chairman Jonathan Sobel’s purchases (20,000 shares in August) have lifted the stock to new highs—a strong signal of leadership conviction. Hilltop also announced a strategic dual listing on NYSE Texas, reinforcing its local roots and accessibility to Texan investors.
Hilltop trades modestly, with institutional ownership of ~58% and insider stakes around ~30%, implying stable governance. While its diversified model across banking, mortgage, and securities provides resilience, the business remains susceptible to credit cycles and rate volatility. Overall, HTH appears as a value-leaning financial holding with improving fundamentals, insider confidence, and a local investor-oriented strategy—well-suited for investors seeking regional bank exposure with upside tied to mortgage and fee income cycles.
Name: Xavier Urbain
Position: Director
Transaction Date: 08-28-2025 Shares Bought: 15,000 shares an Average Price Paid of $32.12 for Cost: $481,757
Company: LKQ Corp (LKQ):
LKQ Corporation, a member of the S&P 500 Index, is a leading global distributor of vehicle products. Its offerings include replacement parts, components, and systems for repair and maintenance, as well as specialty aftermarket products and accessories that enhance vehicle performance, functionality, and appearance. The company serves collision and mechanical repair shops with a wide range of alternative parts—including aftermarket, recycled, refurbished, and remanufactured products such as wheels, bumper covers, lights, engines, and transmissions.
Xavier Urbain has served as an Independent Director on the LKQ Corporation Board since December 2019. He is the former Group CEO of CEVA Logistics (2014–2019) and previously held senior leadership roles at Kuehne & Nagel, Hays plc, and ACR, building extensive expertise in supply chain, contract logistics, and distribution. Currently, Urbain is Chair of HL Holding in France. He holds a Business and Finance diploma from ESLSCA, Paris.
Opinion:
LKQ Corp continues to navigate a challenging automotive aftermarket environment. Q2 2025 results—$3.6B revenue (–1.9%), net income of $192M, and EPS of $0.75—demonstrate solid bottom-line resilience despite ongoing demand headwinds. Cost-cutting efforts ($125M achieved, $75M more targeted) are offsetting pressure on volumes. The company remains committed to capital returns, with $39M in share repurchases and $78M in dividends this quarter. Portfolio rationalization gains traction via the self-service segment sale, slated to close year-end and expected to further debt reduction.
Though Q1 showed cash flow weakness, confidence remains in a full-year rebound with FCF expected between $600M–$900M. LKQ’s global distribution scale, diversified parts offerings, and operational discipline provide structural advantages. However, macro softness, especially in Europe, and repairable claims downturn continue to weigh on top-line growth and investor sentiment.
For value-seeking investors, LKQ represents a turnaround play anchored by strong cash flow potential and strategic simplification. Execution on cost structure, successful asset sales, and stabilization in demand are essential to unlocking upside from current valuation.
Name: Duncan Hawkesby
Position: Director
Transaction Date: 08-26-2025 Shares Bought: 159,506 shares an Average Price Paid of $22.99 for Cost: $3,667,497
Company: Reynolds Consumer Products Inc. (REYN):
Reynolds Consumer Products Inc., founded in 1947 and headquartered in Lake Forest, Illinois, is a leading provider of household essentials in the U.S. and internationally. The company operates through four segments—Reynolds Cooking & Baking, Hefty Waste & Storage, Hefty Tableware, and Presto Products—with a portfolio of trusted brands including Reynolds, Hefty, ALCAN, Diamond, and EZ Foil. Its product range spans aluminum foil, parchment paper, storage and trash bags, disposable tableware, and reusable containers, distributed across grocery stores, mass merchants, warehouse clubs, dollar stores, drugstores, home improvement retailers, military outlets, and online platforms. Reynolds Consumer Products is a subsidiary of Packaging Finance Limited.
Duncan Hawkesby was elected as a Class II Director of Reynolds Consumer Products Inc., with his term beginning on July 23, 2025. He has served as Managing Director of Hawkesby Management Limited since 2018 and brings extensive board experience across Graeme Hart-affiliated companies, including Graham Packaging and Building Supplies Group. Hawkesby has also held directorships at Pactiv Evergreen Inc., TaxGift Limited, and a UPS-Fliway joint venture. He earned a Bachelor of Commerce degree from the University of Otago.
Opinion:
Aluminum tariff present major headwinds, but Reynolds has most manufacturing located stateside. The large amount of recent insider buying suggests that that insiders have this challenge covered through a combination of price hikes, domestic manufacturing, and productivity and efficiency gains. Reynolds Consumer Products (REYN) remains deeply entrenched in U.S. households through its dominant brands and scale efficiencies. In Q2 2025, the company delivered solid revenue of $938M—slightly outperforming forecasts—despite challenging volume trends and raw material cost pressures. Adjusted EBITDA and EPS were down year-over-year, primarily due to margin compression from untimely price responses and transitional costs tied to executive shifts and strategic investments.
Still, select segments like Hefty Waste & Storage outperformed, supported by product innovation, while the company reaffirmed its full-year guidance. Efforts toward cost and growth initiatives—like price pack optimization, eco-friendly launches, and efficiency programs—hold promise to restore margin momentum later in the year.
Insider buying by leadership underscores confidence in the turnaround path. With iconic brands, robust U.S. distribution, a healthy FCF profile, and a valuation (~14–15× earnings) below historical norms, REYN offers investors a refined value-growth story within consumer staples. Execution remains critical—the ability to navigate input cost dynamics, deliver on innovation, and reinstate margin resilience will dictate upside.
Name: Devin McGranahan
Position: CEO & President
Transaction Date: 08-21-2025 Shares Bought: 176,470 shares an Average Price Paid of $8.49 for Cost: $1,498,054
Company: Western Union Co. (WU):
Western Union Company Founded in 1851 and headquartered in Denver, Colorado, Western Union Company is a global leader in money transfer and payment services. The business operates through two key divisions: Consumer Money Transfer, which enables international and domestic transactions through retail agents, company-owned outlets, digital platforms, and mobile apps; and Consumer Services, which offers bill payment solutions, money orders, media network services, retail foreign exchange, prepaid cards, lending partnerships, and digital wallets.
Devin B. McGranahan has served as President, Chief Executive Officer, and Director of Western Union Company since December 2021. He brings more than 25 years of leadership experience in financial services and technology. Before joining Western Union, he was Senior Group President of Global Business Solutions at Fiserv, where he led major advancements in payment and merchant platforms. Earlier, he spent over two decades at McKinsey & Company as a Senior Partner, co-leading its financial services practices. Mr. McGranahan holds dual Bachelor of Science degrees in Mechanical Engineering and Economics from the University of Pennsylvania and an MBA from Harvard Business School.
Opinion:
I’ve been trying to figure out how Western Union leapfrogs ahead with blockchain and crypto. Judging by the stock prices, they’ve yet to get this figured out too. Western Union (WU) is a resilient player in cross-border payments with a robust physical network, now supplementing legacy operations with expanding digital and consumer-services offerings. While Q2 2025 saw a decline in core revenue and consumer money transfer volumes, operational discipline, cost savings, and diversification into digital channels lifted operating income and more than doubled operating cash flow.
The recent $500M acquisition of Intermex strengthens U.S. and Latin American market exposure and is expected to contribute positively to EPS. Insider buying from both the CEO and CFO—totaling nearly $1.65M—signals conviction in the pivot strategy centered on Evolve 2025.
However, the company faces headwinds: declining traditional business, rising interest and tax burden (including a new 1% excise tax starting in 2026), and intense competition from digital-first fintech players. Its valuation—currently trading in the mid-$8 range—reflects these pressures but may offer upside if management continues execution, digital momentum picks up, and newly acquired assets like Intermex deliver on their promise.
Western Union is well-positioned for investors seeking cash-generative dividends and discounted value exposure, though success hinges on its digital transformation and strategic deployment of capital.
Name: Sue Nabi
Position: Chief Executive Officer
Transaction Date: 08-22-2025 Shares Bought: 260,000 shares an Average Price Paid of $3.92 for Cost: $1,018,160
Name: Priya Srinivasan
Position: Chief People & Purpose Officer
Transaction Date: 08-22-2025 Shares Bought: 30,000 shares an Average Price Paid of $3.84 for Cost: $115,200
Company: Coty Inc. (COTY):
Coty Inc., founded in 1904 and headquartered in New York, is a global beauty com
pany operating in two segments: Prestige and Consumer Beauty. Its portfolio includes iconic brands such as Gucci, Burberry, Calvin Klein, Marc Jacobs, CoverGirl, Rimmel, and Sally Hansen, spanning fragrances, color cosmetics, and skin and body care. Products are distributed worldwide through perfumeries, department stores, supermarkets, pharmacies, e-retailers, and direct-to-consumer channels. Coty operates as a subsidiary of JAB Beauty B.V.
Sue Youcef Nabi has served as Chief Executive Officer and Director of Coty Inc. since September 1, 2020. She brings decades of leadership experience in the global beauty industry, having previously held senior roles at L’Oréal, including Worldwide President of L’Oréal Paris and Worldwide President of Lancôme. In addition, she co-founded Orveda, a luxury skincare company. Ms. Nabi holds an Advanced Master’s Degree in Marketing Management from ESSEC Business School, Paris, and is also trained as an Agronomist and Environmental Engineer.
Priya Srinivasan has served as Chief People & Purpose Officer of Coty Inc. since April 2023, leading the company’s global human resources strategy and cultural initiatives. She brings extensive international leadership experience, having lived and worked across India, the United States, the United Kingdom, China, Hong Kong, and Singapore. Ms. Srinivasan holds a Bachelor’s degree in Economics and Mathematics and a Master’s degree in Human Resources Management from XLRI, India.
Opinion:
Coty is the perfect example that insiders often get it wrong. The brand has a long history of insiders and those following in their footsteps losing money on their stoc,k including yours truly. Coty (COTY) is an established beauty player facing a transitional year, with FY2025 revenue down ~2% to $5.89B and challenges in the US and Asia weighing on consumer beauty performance. In response, management is scaling its “All-in to Win” transformation to deliver up to $500M in cost and productivity savings by FY2027, building on $700M already realized.
In tandem, Coty is leaning into emotional fragrance formats—like body mists and pen sprays—driven by proprietary technology (EmoChar) to engage Gen Z and capitalize on the “treatonomics” trend. Insider buying by CEO Sue Nabi and others reflects leadership conviction, while the impending Wella divestiture could support a substantial share repurchase program, potentially boosting EPS and signaling capital discipline.
Analyst sentiment is cautiously optimistic, with price targets spanning $5 to $12.50 and a “Moderate Buy” consensus. The upside hinges on successful execution of digital and innovation strategies, margin recovery, and realization of transformation benefits.
For value-oriented investors seeking turnaround exposure backed by strong brands and tangible cost levers, Coty presents an intriguing risk-reward profile—provided its strategic pivots regain consumer momentum and protect long-term brand equity.
Listen to our The Insiders Fund Not So Daily Podcast and Follow us on Twitter for real-time commentary and insider buying alerts at https://twitter.com/theinsidersfund
If you are a QUALIFIED INVESTOR and are interested in learning how you can be part of the Insiders Fund, schedule some time with me here.
This blog is solely for educational purposes and the author’s own amusement. IT IS NOT INVESTMENT ADVICE. Think of the blog as part of my personal investment journal that I am willing to share with the DIY investor. There are also many parts that I am not willing to share if I think it could influence trading action or be detrimental to the Fund’s partners. We could be long, short, or have no position at all in any of the stocks mentioned and express no written or implied obligation to disclose any of that.
The Insiders Fund and its blogs and posts are not affiliated with, endorsed by, or sponsored by any of the companies mentioned herein. All company names, logos, and trademarks belong to their respective owners. The use of company logos is solely for descriptive and illustrative purposes under fair use. Any information provided is based on publicly available data and should not be considered financial, investment, or legal advice. Readers should conduct their own research or consult with a professional before making any investment decisions. “The hedge fund insomniac guy” is a moniker Harvey Sax, the portfolio manager for The Insiders Fund” has used from time to time on email, blog ,and social media posts. To be clear, The Insomniac Hedge Fund Guy or the Insomniac Hedge Fund” has no explicit or implied financial or any other type of connection to Alpha Wealth Funds beyond the personal branding of its owner, Harvey Sax.
Insiders sell the stock for many reasons, but they generally buy for just one – to make money. You’ve always heard the best information is inside information. Everyone with any stock market experience pays close attention to what insiders are doing. After all, who knows a business better than the people running it? Officers, directors, and 10% owners are required to inform the public through a Form 4 Filing of any transaction, buy, sell, exercise, or any other within 48 hours of doing so. This info is available for free from the SEC’s Web site, Edgar, although we subscribe to SECForm4 as they provide a way to manage and make sense of the vast realms of data. I’ve tried a lot of vendors. SECForm4 is one of the smaller ones, but I like supporting Frank. He is not arrogant. He’s helpful and has great prices. He also trades on his own data, so I like people that eat what they kill.
The bar is different from selling because the natural state of management is to be a seller. This is because most companies provide significant amounts of management compensation packages as stock and options. Therefore, we analyze unusual patterns with selling, such as insiders selling 25 percent or more of their holdings or multiple insiders selling near 52-week lows. Another red flag is large planned sale programs that start without warning. Unfortunately, the public information disclosure requirements about these programs, referred to as Rule 10b5-1, are horrendously poor. Also, planned sales that pop up out of nowhere are basically sales and are seeking cover under this corporate welfare loophole. I also generally ignore 10 percent shareholders as they tend to be OPM (other people’s money) and perhaps not the smart money on which we are trying to read the tea leaves. I say generally because some 10% shareholders are great investors. Think Warren Buffett and others
Of course, insiders can also be wrong about their Company’s prospects. Don’t let anyone fool you into believing they never make mistakes. Do your own analysis. They can easily be wrong, and in many cases, maybe most cases, have no more idea what the future may hold than you or me. In short, you can lose money following them. We have, and we curse aloud; what were they thinking!
We like Fly on the Wall for keeping up with what events might be happening, analysts’ comments, and whatever else could be moving the stock. Dow Jones news service is an essential tool, but many services pick up their feed like they do Bloomberg. For quick financial analysis, it’s hard to beat Old School Value.
A big callout to my assistant Ambreen who sets up this conversation by listing the notable buys that I’ve identified as soon as practically possible. She probes the 10k for a reasonable description of the business. I’ve found that to be the most accurate and succinct place to find out what a business actually does. When I have time, over the weekend, I’ll add some preliminary analysis to the Opinion at the end. Sometimes I won’t update this for a couple of weeks or more. A good way to use this blog is as I do, it’s a reference point and filing cabinet for various stocks with notable insider buying. It’s one of many tools I use. I regularly live on Chat GPT, Gemini, Claude, and occasionally Microsoft Copilot. I find the footnotes research very helpful in eliminating errors from AI hallucinations but these opinions are likely to contain inaccuracies due to the nature of the LLM’s.
The Insiders Fund is for qualified investors and by Prospectus only. Nothing herein should be construed otherwise. THE INSIDERS FUND prefers to invest in companies at or near prices that management has been willing to invest significant amounts of their own money in, but we have no requirement to do so. We also invest in many companies in anticipation of future insider buying or with the expectation that there is none at all.
You can be an insider, too– by clicking here
Prosperous Trading,
