Seeking Alpha
Profile| Send Message|
( followers)  
The major market correction is creating some new stock bargains and many insiders are taking advantage of this opportunity. The amount of insider buying has surged in the last few days and a new article from CNNmoney states:

Corporate insiders are rushing to buy shares in their companies, suggesting that they think the recent sell-off in their stocks is overdone. "There's a lot of buying and it's widespread across all market cap groups and all sectors," said Ben Silverman, director of research at InsiderScore.com. Read more on that here.

When you see insider buying at depressed prices, it often means the shares are oversold and offer great long-term value. I have provided links for each stock to verify the insider buying filed with the SEC below. Here are the stocks:
Equity One Inc. (NYSE:EQY) is trading around $18. Equity One is a real estate investment trust (REIT) company, based in Florida. This company focuses on shopping centers. These shares have traded in a range of $15.07 to $20.27 in the last 52 weeks. The 50-day moving average is $18.53 and the 200-day moving average is $18.20. EQY is estimated to earn about $1.11 per share in 2011. The dividend is enticing at 88 cents per share, which is equivalent to a 5.1% yield. The chairman recently bought over $250,000 worth of this stock. You can see the insider buying here.
Ashford Hospitality Trust (NYSE:AHT) is trading around $8.50. Ashford is a REIT company, based in Texas. This REIT focuses on hotels and with room rates and occupancy levels rising, Ashford should benefit from this trend. These shares have traded in a range of $6.80 to $14.32 in the last 52 weeks. The 50-day moving average is $11.57 and the 200-day moving average is $10.82. AHT is estimated to earn about $1.97 per share in 2011, and $2 for 2012. The dividend payout is 40 cents per share, which is equivalent to a 4.7% yield. An officer and a director recently bought over 45,000 share. You can see the insider buying here.
Central European Distribution Corp. (NASDAQ:CEDC) shares are trading at $6.52. CEDC is a leading beverage distribution company, based in Pennsylvania. The 50-day moving average is $10.13 and the 200-day moving average is $16.41. Earnings estimates for CEDC are 84 cents per share in 2011, and $1.16 for 2012. The 52-week range is $5.28 to $28.08. Book value is stated at $22.19. Insiders recently bought several thousand shares and have been buying in significant quantities for the past few months. You can see the insider buying here.

Leapfrog Enterprises, Inc., (NYSE:LF) is trading around $3.07. Leapfrog makes educational toys and games and is based in California. These shares have traded in a range of $2.57 to $6.65 in the last 52 weeks. The 50-day moving average is $3.87 and the 200-day moving average is $4.57. LF is estimated to earn about 21 cents per share in 2011. The CEO just purchased 70,000 shares. You can see the insider buying here.
Sun Bancorp, Inc. (NASDAQ:SNBC) shares are trading at $2.62. Sun Bancorp is a regional bank, based in New Jersey. The 50-day moving average is $3.29 and the 200-day moving average is $3.89. Earnings estimates for SNBC are for a loss of $1.31 per share in 2011, and a profit of 6 cents for 2012. The 52-week range is $2.30 to $5.45. Book value is stated at $5.33. There has been repeated and substantial buying from multiple insiders. One of the insiders is famed investor Wilbur Ross. You can see the insider buying here.
THQ Inc. (THQI) shares are trading at $1.84. THQI is a leading video game company. The 50-day moving average is about $3.07 and the 200-day moving average is about $4.58. Earnings estimates for THQI are for a loss of 16 cents per share in 2011, and profit of about 26 cents for 2012. THQI stock has a book value of $3.67 per share. The CEO recently bought 25,000 shares. You can see the recent insider buying here.
Data sourced from Yahoo Finance and Insidercow.com. The information and data is believed to be accurate, but no guarantees or representations are made.

Disclosure: I am long CEDC.

Source: 6 Crushed Stocks With Big Insider Buying