In June 2011, DHX Media Ltd. director Robert G. Sobey was buying at 87 cents. That worked out well as the stock hit a multi-year high of $1.76 this month. Now, he is back buying. On Oct. 4, he acquired 225,000 shares at an average of $1.72. While DHX stock is not cheap at a trailing P/E of 33, the children's entertainment firm has grown its net earnings 131 per cent over the past year. The next trick for DHX will be to successfully manage its proposed Cookie Jar acquisition.
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 at www.inkresearch.com. 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.
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