Barron's Insider Buying
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Created by barrons3
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Date updated:10-18-2008

During one of the market's worst periods ever, insider buyers trumped sellers by three to one. Executives are snapping up retailers, energy outfits and even small financials.

symbol name last price % change open
  • +
  • AZO
    Autozone Inc
  • $147.42
  • +1.09%
  • $145.02

So did hedge-fund manager Eddie Lampert, whose ESL Investments bought $27.6 million of AutoZone (AZO) as the stock hit a two-year low. Lampert, who controls 38% of the company, has been buying since April.

People owning AZO also tend to own: EBAYINTCKLICADPAXPBAXCMCSA

TheStreet.com Rating: C+ What is this?

  • +
  • DSW
    Dsw Inc.
  • $20.26
  • +0.80%
  • $20.03

Retailers also attracted insiders, notwithstanding fears that the coming holiday season may be the worst in years for the industry. In early October, in one of the market's worst weeks on record, the CEO of discount shoe seller DSW (DSW), Jay L. Schottenstein, shoveled more than $15 million into his company's stock, paying an average of less than $12 a share; the stock now trades for $11.50. Schottenstein's confidence says something, given his retail background. He's the former CEO of American Eagle Outfitters (AEO), and sits on the boards of American Eagle and Retail Ventures (RVI), parent of Filene's Basement.

People owning DSW also tend to own: INAPSPARIDCCKBALBNFLXNMHCPDC

TheStreet.com Rating: C+ What is this?

  • +
  • SKS
    Saks Inc
  • $6.71
  • +0.15%
  • $6.63

Another apparent retail fan is Slim, who invested in industrial and financial businesses during Mexico's 1980s debt crisis. In early October, a Slim-controlled trust bought nearly $11 million of Saks (SKS) stock, boosting his already significant stake in the parent of tony Saks Fifth Avenue. Saks has fallen more than 70% in the past year, to around $5 a share. Slim paid about $7 a share.

People owning SKS also tend to own: GWOMMAESAIGARNACSCODGX

TheStreet.com Rating: D What is this?

  • +
  • RSG
    Republic Svcs Inc
  • $27.40
  • -0.44%
  • $27.49

Gates continued to boost his stake in Republic Services (RSG), the waste hauler. From Aug. 5 to Sept. 29, he invested $256.7 million in Republic, at an average price near $33. Today, the stock is around $22. Waste Management (WMI) recently dropped its bid for Republic.

People owning RSG also tend to own: AXPBNICMCSKCOPCOSTGEIR

TheStreet.com Rating: C What is this?

  • +
  • AIR
    A A R Cp
  • $19.24
  • 0.00%
  • $N/A

At AAR (AIR), a Chicago-area aviation and aircraft-leasing concern, the CEO and five directors picked up more than $461,000 of stock at an average of $11.86 a share, just below today's price.

People owning AIR also tend to own: AEISATWCCCEONCIDCCOPMRPARL

TheStreet.com Rating: C+ What is this?

  • +
  • MET
    Metlife Inc
  • $33.90
  • -0.88%
  • $33.94

Financials aren't without fans, either. Five insiders bought shares of MetLife (MET) recently, reversing a multi-year trend of planned sales.

People owning MET also tend to own: AAALLAPCBABACCCAT

TheStreet.com Rating: No Rating What is this?

  • +
  • DFS
    Discover Fin Svcs
  • $15.35
  • 0.00%
  • $N/A

At credit-card issuer Discover Financial Services (DFS), the CEO, CFO and chief operating officer bought shares in early October at an average of $11.55 a share; the stock now trades around $10.

People owning DFS also tend to own: AAPLACIAMZNBNICBICMGCNI

TheStreet.com Rating: D What is this?

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