360° Coverage : Get An Even Better Deal On ECL Than Director Grundhofer Did

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Get An Even Better Deal On ECL Than Director Grundhofer Did

May 8 2014, 3:31pm CDT | by

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 May 1, Ecolab, Inc.’s Director, Jerry A. Grundhofer,...

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16 weeks ago

Get An Even Better Deal On ECL Than Director Grundhofer Did

May 8 2014, 3:31pm CDT | by

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 May 1, Ecolab, Inc.’s Director, Jerry A. Grundhofer, invested $490,517.38 into 4,700 shares of ECL, for a cost per share of $104.37. 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.

Click here to find out which 9 other dividend bargains you can buy cheaper than insiders, at DividendChannel.com »

In trading on Thursday, bargain hunters could buy shares of Ecolab, Inc. (NYSE: ECL) and achieve a cost basis even cheaper than Grundhofer, with shares changing hands as low as $104.00 per share. Ecolab, Inc. shares are currently trading down about 0.6% on the day. The chart below shows the one year performance of ECL shares, versus its 200 day moving average:

Looking at the chart above, ECL’s low point in its 52 week range is $82.58 per share, with $111.83 as the 52 week high point — that compares with a last trade of $104.51. 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
05/01/2014 Jerry A. Grundhofer Director 4,700 $104.37 $490,517.38

According to the ETF Finder at ETFChannel.com, ECL makes up 4.58% of the Materials Select Sector SPDR Fund ETF (AMEX: XLB) which is trading lower by about 0.3% on the day Thursday.


Special Offer: Find out how Dave Moenning is trading around the most recent insider transactions with a free 30 day trial and a special 20% off coupon from Forbes.
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Update
2

3 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 com ...
Source: Business Times Singapore   Full article at: Business Times Singapore
 

 
Update
1

4 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 tragedies of MH ...
Source: Business Times Singapore   Full article at: Business Times Singapore
 

 

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