In May, aircraft and power industry equipment maker General Donlee Canada Inc. reported a boost in first quarter earnings to 14.9 cents per basic share versus 12.2 cents the year earlier. As earnings have improved, some insiders have been buying. Over the past three months, three insiders have bought a combined total of 48,850 shares in the public market at an average price of $4. In addition, the company is also buying back some shares. In June, General Donlee repurchased 10,400 shares between the prices of $3.95 and $4.
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.
Chart reflects public-market transactions of common shares or unit trusts by company officers and directors.