360° Coverage : Top Buys by Directors: Martinez's $393.5K Bet on ANF

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Top Buys by Directors: Martinez's $393.5K Bet on ANF

Feb 28 2014, 2:35pm CST | by

The directors of a company tend to have a unique inside view into the business, so when directors make major buys, investors are wise to take notice. Presumably the only reason a director of a...

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26 weeks ago

Top Buys by Directors: Martinez's $393.5K Bet on ANF

Feb 28 2014, 2:35pm CST | by

The directors of a company tend to have a unique inside view into the business, so when directors make major buys, investors are wise to take notice. Presumably the only reason a director of a company would choose to take their hard-earned cash and use it to buy stock in the open market, is that they expect to make money — maybe they find the stock very undervalued, or maybe they see exciting progress within the company, or maybe both. So in this series we look at the largest insider buys by company directors over the trailing six month period, one of which was a total of $393.5K by Arthur C. Martinez, Director at Abercrombie & Fitch Co. (NYSE: ANF).

Click here to find out which other top insider buys by company directors you need to know about »

Martinez bets big on ANF:

Purchased Insider Title Shares Price/Share Value
02/27/2014 Arthur C. Martinez Director 10,000 $39.35 $393,500.00

Martinez’s average cost works out to $39.35/share. In trading on Friday, bargain hunters could buy shares of Abercrombie & Fitch Co. (NYSE: ANF) and achieve a cost basis lower than Martinez, with shares changing hands as low as $38.72 per share. Shares of Abercrombie & Fitch Co. were changing hands at $39.50 at last check, trading up about 1.6% on Friday. The chart below shows the one year performance of ANF shares, versus its 200 day moving average:

Looking at the chart above, ANF’s low point in its 52 week range is $31.14 per share, with $55.23 as the 52 week high point — that compares with a last trade of $39.50.

According to the ETF Finder at ETFChannel.com, ANF makes up 1.39% of the First Trust Consumer Discretionary AlphaDEX Fund ETF (AMEX: FXD) which is trading lower by about 0.2% on the day Friday.


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Update
2

4 days ago

Khazanah throws MAS RM6b lifeline

Aug 29 2014 5:01pm CDT | Source: Business Times Singapore

August 30, 2014 1:15 AMKHAZANAH Nasional will inject RM6 billion (SS$2.4 billion) over three years to resuscitate loss-making Malaysia Airlines (MAS) under a recovery plan that includes even an Act of Parliament. Other key moves are migrating its operations, assets and liabilities to a new company (NewCo) and slashing the workforce of 20,000 by 30 pe ...
Source: Business Times Singapore   Full article at: Business Times Singapore
 

 
Update
1

5 days ago

MAS posts loss of RM307m for Q2

Aug 28 2014 5:00pm CDT | Source: Business Times Singapore

August 29, 2014 1:13 AMMALAYSIA Airlines (MAS) registered a loss of RM307 million (S$122 million) for the second quarter to end-June, but warned of worse to come in the second half when the "full financial impact of the double ...
Source: Business Times Singapore   Full article at: Business Times Singapore
 

 

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