Keep an Eye of WFR. Insiders have been buying since the shares traded considerably higher than they are now (around $2.45). The buys date back to 2010. (Click on chart to enlarge)
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Mentioned on Forbes 11/19:
The directors of a company tend to have a unique inside view into the business, so when directors make major buys, investors are wise to take notice. Presumably the only reason a director of a company would choose to take their hard-earned cash and use it to buy stock in the open market, is that they expect to make money — maybe they find the stock very undervalued, or maybe they see exciting progress within the company, or maybe both. So in this series we look at the largest insider buys by company directors over the trailing six month period, one of which was a total of $7.4M by Steven Vincent Tesoriere, Director at MEMC Electronic Materials, Inc. (NYSE: WFR)…
According to the ETF Finder at ETF Channel, WFR makes up 10.65% of the Solar Energy ETF (AMEX: KWT) which is trading higher by about 1.4% on the day Monday.
Full article: Top Buys by Directors: Tesoriere's $7.4M Bet on WFR – Forbes.
