Empire Company Ltd. enjoys strong insider commitment as it battles competitive forces for market share in the grocery market.
On March 18, chief financial officer Michael Vels bought 3,000 shares at $28.20 in the public market.
We perk up when we see CFOs buying. As a general rule, they tend to be the most conservative insiders when it comes to parting with their own cash.
In the case of Mr. Vels, his trades may be worth watching. The stock is up more than 20 per cent from when he last bought on Oct. 29, 2018.
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.