Since we last featured private equity firm Onex Corp., on Aug. 13, 2011, the stock has outperformed the S&P/TSX Composite more than 60 per cent. Insiders are still buying. Over the past six months, insiders who are company senior officers have spent $7.1-million buying stock in the public market. Onex requires top executives to invest a portion of compensation gains into shares or units until they individually own a million shares. So far, the Onex formula to align management and shareholder interests seems to be producing the right results.
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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