AbbVie Inc (ABBV), and 5 Low P/E Stocks Multiple Insiders Are Buying

Multiple insiders bought shares of GrafTech International Ltd (NYSE:GTI) in mid March at prices of about $7.30 per share. GrafTech is a manufacturer of electronics equipment such as graphics electrodes. The stock is cheap on a trailing basis with a P/E of 9, but earnings declined 50% in the fourth quarter of 2012 versus a year earlier. Wall Street analysts expect net income to continue to decline, though their forecasts imply a forward earnings multiple of 13. Chuck Royce’s Royce & Associates owned almost 19 million shares of the stock at the end of December, but a number of market players are bearish with 18% of the float held short.

Disclosure: I own no shares of any stocks mentioned in this article.