Today, we visit Starbucks breakfast sandwich supplier Premium Brands Holdings Corp., which is a member of our INK Canadian Insider Index.
PBH stock hit a 52-week high of $34.60 on July 17, but has since retreated. It caught our attention because an insider bought as the stock pulled back this week.
On August 10, general counsel and corporate secretary Douglas Goss bought 900 common shares at $33.77. The company appears to be benefiting from the weak loonie. Last week it reported Q2 sales of $368.1-million, up 14.2 per cent from Q2 2014.
Ted Dixon is CEO of INK Research which provides insider news and knowledge to investors. For more background on insider reporting in Canada, visit the FAQ section. Securities referenced in this profile may have already appeared in recent reports distributed to INK subscribers. INK staff may also hold a position in profiled securities.
Infographic reflects public-market transactions of common shares or unit trusts by company officers and directors.