Cott Corp. exited its legacy soft drinks business in February when it sold its soft drink concentrate business and RCI International division to Refresco.
With soft drinks out, coffee, tea, and water are in. It seems investors still have not acquired a taste for the new strategic mix as the stock is off about 6 per cent year-to-date.
In contrast, some insiders have developed a thirst for Cott stock. From Sept. 3-4, chief executive Thomas Harrington acquired 80,000 common shares, while director Eric Rosenfeld acquired 80,000 common shares on Aug. 12.
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.