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A major market correction has pushed many stocks to 52-week lows, and many insiders are taking advantage of this opportunity. The amount of insider buying has surged in the last couple of weeks. When you see insider buying at depressed prices, it often means the shares are oversold and offer great long-term value. Some of these stocks look like good investments for the future, while others seem to be better as a short-term trading opportunity. I have provided links for each stock, which verifies the insider buying filed with the SEC below. Here are the stocks:

Jefferies Group, Inc., (JEF) shares are trading at $11.23. Jefferies is an investment banking company, and is based in New York. These shares have traded in a range between $9.79 to $27.12 in the last 52 weeks. The 50-day moving average is $13.32 and the 200-day moving average is $19.69. Earnings estimates are at $1.30 per share for 2011 and $1.48 in 2012. JEF pays a dividend of 30 cents per share, which is equivalent to a 2.7% yield. This company has become controversial with the recent failure of MF Global and the bear raids on Morgan Stanley (NYSE:MS). Some investors are concerned about the exposure to European debt, but the fear seems overblown. This stock looks like an interesting buy on dips, but I would only consider a small position. Multiple insiders have bought millions of shares recently.

Protective Life (NYSE:PL) shares trade at $21.46 per share. Protective Life is a major insurance company based in Alabama. These shares have traded in a range between $13.71 to $29.54 over the past 52 weeks. The 50-day moving average is $17.20 and the 200-day moving average is $22.25. PL earnings estimates are about $3.24 per share in 2011, and $3.40 for 2012. This puts the PE ratio around 9. The dividend is 64 cents per year, which results in a yield of about 3.5%. The book value is about $49.29, and that makes the stock look very undervalued. A director recently bought 2,500 shares.

Capstead Mortgage (NYSE:CMO) is trading around $12.19. CMO is a mortgage real estate investment trust (REIT) company, based in Texas. These shares have traded in a range between $10. to $13.95 in the last 52 weeks. The 50-day moving average is $11.99 and the 200-day moving average is $12.16. CMO is estimated to earn about $1.73 per share in 2011, and $1.57 for 2012. The dividend is very generous at $1.76 per share, which is equivalent to a 14.3% yield. Mortgage REIT stocks have been very volatile due to various concerns over the future status of these entities and their leverage ratios. With the stock offering a great yield and insiders buying, it makes sense to buy a small position on dips. A director recently bought 34,800 shares.

The Coca Cola Company (NYSE:KO) shares are trading at $67.03. Coca Cola is a leading beverage maker and distribution company, based in Georgia. The 50-day moving average is $68.25 and the 200-day moving average is $66.14. Earnings estimates for KO are $3.88 per share in 2011 and $4.30 for 2012. The 52-week range is $61.29 to $71.77. KO pays a dividend of $1.88 per year, which is equivalent to a 2.8% yield. Coca Cola is one of the world's most famous brands but this company owns many other well known brands such as Sprite, Vitamin Water, Minute Maid, Dasani, Fanta, and others. No matter what happens to the economy people will be consuming Coca Cola products so any big drop in the stock is a buying opportunity. A director recently bought 100,000 shares.

Ford Motor Co. (NYSE:F) shares are trading at $11.14. Ford is a global leader in auto and truck manufacturing. The 50-day moving average is about $10.88 and the 200-day moving average is about $13.27, so these shares are trading between support levels. Ford shares hit a 52-week high of $18.97 and a low of $9.05 earlier this year. Earnings estimates for Ford are $1.93 per share in 2011 and $1.76 for 2012, which puts the PE ratio at about 5. Ford and all the automakers have been weak due to concerns of weak sales in Europe. I have no doubt Europe will be slow for at least a few months if not longer, but much of that might already be priced into Ford shares. A director recently bought 3,000 shares.

Overstock.com (NASDAQ:OSTK) shares are trading at $8.38. Overstock is a online retailer and is based in Utah. The 50-day moving average is about $9.63 and the 200-day moving average is about $13.02. The 52-week range is $7.91 to $17.49. Earnings estimates are at 12 cents for 2011 and 22 cents for 2012. This stock has a very high short interest and could rally in a short squeeze. While I don't like this stock for the long term, it's trading close to the 52-week low and probably a good candidate for a short term bounce into the holiday shopping season. An insider recently bought 50,000 shares.

Data sourced from Yahoo Finance and Insidercow.com.

Disclosure: I am long F.

Disclaimer: The information and data is believed to be accurate, but no guarantees or representations are made. Rougemont is not a registered investment advisor and does not provide specific investment advice. The information contained herein is for informational purposes only.