Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

Insiders Have Bought Exxon Mobil, Macy’s, and More

A Form 4 filed with the SEC disclosed that multiple insiders have purchased shares of Cincinnati Bell Inc. (NYSE:CBB) within the last week or two. Multiple insiders buying a stock has been found to be a somewhat stronger predictor of outperformance, though of course not 100% reliable. Learn more about consensus insider purchases. The telecommunications company has a market capitalization of about $680 million, though over 5 million shares are traded per day and so there is plenty of volume. We would note that the forward earnings multiple is a bit high at 21, and short interest is high as well.

The CEO and President of GrafTech International Ltd (NYSE:GTI), a $1.1 billion market cap industrial materials company specializing in graphite and other carbon products, has been buying the company’s stock at prices around $7.30 per share. The stock is down 37% in the last year and earnings have been poor as well; even after the decline, the most recent data shows that 19% of the outstanding shares are held short. Chuck Royce’s Royce & Associates was a major shareholder in GrafTech at the end of December, reporting a position of almost 19 million shares.

Skullcandy Inc (NASDAQ:SKUL), another small cap stock though also one with sufficient dollar volume for most investors (on average about 900,000 shares are traded per day and the current market price is over $5.50), had a company officer buy 15,000 shares on March 14th. The electronic peripherals company (best known for its headphones) is another stock which has plunged in the last year (down 62%) and is a short target with almost 30% of outstanding shares held short. Earnings were down slightly last quarter compared to the fourth quarter of 2011 despite a rise in revenue, and with further expected declines it trades at 14 times consensus earnings for 2014.

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

DOWNLOAD FREE REPORT: Warren Buffett's Best Stock Picks

Let Warren Buffett, George Soros, Steve Cohen, and Daniel Loeb WORK FOR YOU.

If you want to beat the low cost index funds by 19 percentage points per year, look no further than our monthly newsletter.In this free report you can find an in-depth analysis of the performance of Warren Buffett's entire historical stock picks. We uncovered Warren Buffett's Best Stock Picks and a way to for Buffett to improve his returns by more than 4 percentage points per year.

Bonus Biotech Stock Pick: You can also find a detailed bonus biotech stock pick that we expect to return more than 50% within 12 months.
Subscribe me to Insider Monkey's Free Daily Newsletter
This is a FREE report from Insider Monkey. Credit Card is NOT required.