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Insider Buying: "Eating Their Own Cooking"
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02.24.07Views:
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From 2-26-07 Barron's:"Robert LaPenta, founder, chairman and CEO of L-1 Identity Solutions, has put his finger on some solid upside in the biometric-security provider. But the company has had mixed news lately. Hence, many analysts are cautious on L-1.
"However, on Feb. 15 and 16, LaPenta plunked down $3 million to purchase 200,000 shares on the open market at $15.02 to $15.04 apiece, according to the Securities and Exchange Commission. He boosted his direct holdings to nearly 769,000 shares, but he beneficially controls a total of 9.95 million shares, or a 13.8% stake, through a limited partnership. There were 72.2 million outstanding shares as of Nov. 8."
Here are some other companies as well with significant insider buying of late.
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