Stock Message Boards
Metals Channel
Market News Video The Warren Buffetts Next Door Stock Message Boards
Free Dividend Report - Top Ranked Stocks
Portfolio Channel

Featured MNV Articles:

Tennant Co. (TNC) Shares Cross Below 200 DMA
Wednesday, February 26, 11:55 AM ET, by Market News Video Staff

In trading on Wednesday, shares of Tennant Co. (TNC) crossed below their 200 day moving ...

CLC Makes Bullish Cross Above Critical Moving Average
Wednesday, February 26, 1:07 PM ET, by Market News Video Staff

In trading on Wednesday, shares of Clarcor Inc. (CLC) crossed above their 200 day moving ...

Layne Christensen Co. (LAYN) Shares Cross Above 200 DMA
Tuesday, March 4, 4:21 PM ET, by Market News Video Staff

In trading on Tuesday, shares of Layne Christensen Co. (LAYN) crossed above their 200 day ...

Casella Waste Systems, Inc. Breaks Below 200-Day Moving Average - Notable for CWST
Thursday, March 6, 11:43 AM ET, by Market News Video Staff

In trading on Thursday, shares of Casella Waste Systems, Inc. (CWST) crossed below their 200 ...

Use Options For a Chance To Buy ADES at a 24% Discount
Friday, March 14, 11:49 AM ET, by Market News Video Staff

Looking back to 119 days ago, Advanced Emissions Solutions (ADES) priced a 600,000 share secondary ...

  More articles:  1 2 3 4 5 6 7 next »

Snag This Cheap Metals Stock Even Lower Than CEO & President Aguero Did

By Metals Channel Staff, Monday, November 19, 10:29 AM ET
Play Video: One Reason For Insiders to Buy


If the video does not load after a few moments, Upgrade to the Latest Flash Player.

There's an old saying on Wall Street about insider buying: there are many possible reasons to sell a stock, but only one reason to buy. Back on November 14, Metalico Inc's CEO & President, Carlos E. Aguero, invested $92,955.80 into 55,496 shares of MEA, for a cost per share of $1.68. Bargain hunters tend to pay particular attention to insider buys like this one, because presumably the only reason an insider would take their hard-earned cash and use it to buy stock of their company in the open market, is that they expect to make money.

In trading on Monday, bargain hunters could buy shares of Metalico Inc (AMEX:MEA) and achieve a cost basis 1.5% cheaper than Aguero, with shares changing hands as low as $1.65 per share. Metalico Inc shares are currently trading up about 3.7% on the day. The chart below shows the one year performance of MEA shares, versus its 200 day moving average:

Metalico Inc Chart

Looking at the chart above, MEA's low point in its 52 week range is $1.59 per share, with $5.23 as the 52 week high point that compares with a last trade of $1.70. By comparison, below is a table showing the prices at which insider buying was recorded over the last six months:

Purchased Insider Title Shares Price/Share Value
11/14/2012 Carlos E. Aguero CEO & President 55,496 $1.68 $92,955.80
11/16/2012 Carlos E. Aguero CEO & President 47,004 $1.64 $77,086.56

MEA makes up 1.28% of the Environmental Services ETF (AMEX:EVX)


Special Offer: Add income and energy exposure to your portfolio with a 30 day free trial to Frank Bifulco's Oil & Gas Income Portfolio


This Article's Word Cloud:   AMEX   Aguero   Buying   Carlos   Definition   Earnings   Form   Importance   Insider   Metalico   President   Price   Start   Street   Value   What   about   above   attention   below   buying   chart   company   comparison   cost   currently   high   hunters   insider   last   months   only   open   particular   point   portfolio   possible   reason   recorded   share   shares   showing   stock   table   that   their   trading   week   with   would

| www.EnergyStockChannel.com | Copyright © 2010 - 2014, All Rights Reserved

Nothing in Energy Stock Channel is intended to be investment advice, nor does it represent the opinion of, counsel from, or recommendations by BNK Invest Inc. or any of its affiliates, subsidiaries or partners. None of the information contained herein constitutes a recommendation that any particular security, portfolio, transaction, or investment strategy is suitable for any specific person. All viewers agree that under no circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held liable for any loss or damage caused by your reliance on information obtained. By visiting, using or viewing this site, you agree to the following Full Disclaimer & Terms of Service. Video widget and energy stock videos powered by Market News Video. Quote data delayed at least 20 minutes; data powered by Ticker Technologies, and Mergent. Contact Energy Stock Channel; Meet Our Editorial Staff.