Shares of industrial equipment dealer Wajax Corp. have tumbled 30 per cent over the past year, with much of the fall taking place during the last 3 months. The recent drop was likely hastened by first-quarter results which saw net income fall compared to the same period in 2012. The company also reduced its monthly dividend to 20 cents. However, since May 14, two insiders have spent $938,931 buying shares in the public market. Director Robert Dexter bought 20,000 shares while CEO A. Mark Foote also bought 10,000.
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.