In January we highlighted the CEO buying at Caterpillar dealer Finning International Inc., suggesting that it was a name to consider for investors who were optimistic on the global economy in 2014.
Although the global economy appears to be disappointing some players such as the International Monetary Fund, which has lowered its forecast, Finning shareholders have reason to cheer. The stock is up about 9 per cent year-to-date on the back of solid revenue growth.
The stock caught our attention again after CEO Scott Thomson bought another 16,890 shares on May 16.
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.
Infographic reflects public-market transactions of common shares or unit trusts by company officers and directors.
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