We revisit Cargojet Inc. which we featured early last spring following news that the firm had won a multi-year contract with Canada Post. Insiders are continuing to accumulate, despite rather sky-high valuations. The stock is trading at a trailing 12-month price-to-cash flow ratio of about 26 according to Thomson Reuters. Nevertheless, over the last 90 days four insiders have reported spending a total of $1,353,270 buying shares in the public market. The most recent buying was on New Year's Eve when an officer picked up 865 shares.
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.
