Expect More Buying as Dow Chemical Insiders Purchase More Shares

I said yesterday there was more buying to come for Dow Chemical (DOW). After Tuesday's insider buying announcement, yesterday VP Greg Freiwald disclosed he purchased 16,000 at $23 a share on Tuesday spending $368k of his own money. He now holds over 103K shares directly.

That brings the two day total to almost $700k of insider money buying shares so far this week. I said yesterday "I would expect more purchases in the coming days".

I still do... When Berkshire's (BRK.A) Buffett sees the value and management is ponying up cash to buy shares...one might want to take a look...no?

Oh yeah....and a 7% dividend.

Disclosure: Long DOW

Comments

[funfun:]

It's interesting to note there has been no discernible insider buying by the fumbling executives of Dow Chemical's half-as-large rival, the shrunken DuPont Company. The ignoring of DD by those supposedly in the know occurs with DD cliff-diving to a new 14-year low of 27 and change the other day!...funfun..

2008 Oct 30 06:15 AM