We have opined endlessly the past couple of months on WIN. Despite the less than stellar earnings report last month we continued to say the $9.50 price or so was a good time to take a position. We pointed out that insiders prior to the earnings report had bought the stock in large volume prior to the quiet period. Nothing in our mind makes one stop and look at a stock more than when people who are on the board or are officers in the company make purchases on the open market of shares.
Since the earnings report this pattern has continued as one insider loaded up around $9.50. Note anyone could have bought in the $9.30 range after the earnings disappointment. Several other insiders have done the same. Again either these people are really dumb and wanting to blow their capital or they know the company is on the right track and eventually it will pay off in higher share price.
Today the price is just under $10, so the people who bought at $9.50 are already in the black and still none of the early buyers are selling. The shorts too seem to have been pushed out or scared out of their positions as well.
We have a large 11600 share position here and are considering adding to that with a option, especially if the shares sell off in the next month or so. Besides who does not like the what looks to be sustainable 10% plus dividend. This would be a out of rules move for us, but WIN still looks to be a win to us.
No comments:
Post a Comment