Warren Buffett and Insiders are Betting On General Motors Company (GM) & More

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Chicago Bridge & Iron Company N.V. (NYSE:CBI) had been Buffett’s largest new pick in the first quarter of the year, and then a company officer had bought 10,000 shares of stock in mid July. The company designs and builds energy infrastructure facilities, potentially including the buildout of liquefied natural gas terminals and processing plants set to occur as the commodity is exported from the U.S. Analysts see this as a potential boom for Chicago Bridge & Iron, and as a result earnings are expected to increase to the point that the forward earnings multiple is 12 and the five-year PEG ratio is 0.6. D.E. Shaw, managed by billionaire David Shaw, owned 1.6 million shares at the beginning of July (research more stocks D.E. Shaw likes).

In this past month Verisign, Inc. (NASDAQ:VRSN) has seen an insider buy shares; Berkshire increased its stake in the Internet registry services company to a total of nearly 11 million shares between April and June. Verisign’s stock price had plunged last fall after regulators objected to the company’s price increases, but the shares have since recovered a bit and are now up slightly from their levels a year ago. Recent results show double-digit growth rates in both sales and net income, though some degree of growth is already priced in with a trailing P/E of 23. Billionaire Stephen Mandel’s Lone Pine Capital has been another significant shareholder in Verisign (see more stocks from Mandel’s portfolio).

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

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