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A major market correction has created much lower stock prices, and many insiders are taking advantage of this opportunity. The amount of insider buying has surged in the last few 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:

Kronos Worldwide (NYSE:KRO) shares are trading at $17.85. Kronos is a leading maker of specialty chemicals and is based in Texas. These shares have traded in a range between $14.16 to $34.50 in the last 52 weeks. The 50-day moving average is $19.59 and the 200-day moving average is $25.06. Earnings estimates indicate a profit of $2.71 per share for 2011 and $3.37 for 2012. KRO pays a dividend of 60 cents per share, which is equivalent to a 3.1% yield.

This stock looks like a bargain, especially since the company has a strong balance sheet. It is in an economically sensitive sector so it make sense to buy in stages since there could be more weakness. The chairman recently bought about 167,666 shares, and other insiders have been buying recently as well.

Magnum Hunter Resources (NYSE:MHR) is trading around $4.08. Magnum is a independent oil and gas company, based in Texas. These shares have traded in a range between $2.33 to $8.66 in the last 52 weeks. The 50-day moving average is $4.24 and the 200-day moving average is $6.03. MHR is estimated to lose about 14 cents per share in 2011 and earn about 6 cents in 2012.

Magnum controls about 46,000 acres in the Marcellus Shale region, and has exposure to the Eagle Ford and Bakken. This is not my favorite small cap oil stock, but I would consider buying it on dips. Multiple insider have been buying in recent weeks.

Valeant Pharmaceuticals, Inc., (NYSE:VRX) is trading around $41.81. Valeant is a pharmaceutical company based in Canada. These shares have traded in a range between $24.98 to $57.24 in the last 52 weeks. The 50-day moving average is $39.16 and the 200-day moving average is $45.53. The book value is stated at $13.09 per share. The CFO, an officer and a director have all been buying recently. These shares have seen solid gains in the past few months, so it's impressive to see insiders buying, especially in large amounts.

Accuride Corp. (NYSE:ACW) is trading around $6.58. Accuride is a manufacturer of commercial vehicle parts. The 50-day moving average is $6.36 and the 200-day moving average is $10.80. These shares have traded in a range between $4.35 to $16.34 in the last 52 weeks. ACW is estimated to lose about 13 cents per share in 2011 and earn about 73 cents in 2012.

After the company announced weak results, this stock dropped about 50% and recently hit new 52-week lows. I would wait to see what next quarter looks like or for another drop close to the 52 week lows before buying. Multiple insiders have been buying substantial amounts of stock, over 30,000 shares in the past few weeks. An officer just bought 3,020 shares.

Whirlpool Corp. (NYSE:WHR) shares are trading at $46.36. Whirlpool is a leading maker of appliances. The 50-day moving average is about $52.64 and the 200-day moving average is about $69.29. These shares have traded in a 52 week range between $46.28 and $92.28. Earnings estimates for WHR are about $9.47 per share in 2011 and $6.32 for 2012. WHR pays a dividend of $2 per share which is equivalent to a yield of 4.1%.

This stock has been in a major downtrend, therefore I would only buy in stages because it may drop even further. During the financial crisis in March 2009, this stock traded below $21! An officer recently bought 2,000 shares, and other insiders have been buying recently as well.

Evolution Petroleum Corporation (NYSEMKT:EPM) is trading at $6.99. Evolution is an independent oil and gas company, based in Texas. These shares have traded in a range between $5.52 to $8.80 in the last 52 weeks. The 50-day moving average is $7.01 and the 200-day moving average is $7.22. Earnings estimates for EPM are about 23 cents per share in 2011 and 50 cents for 2012.

Evolution has a strong balance sheet, and the stock looks like a solid buy on dips. Multiple insiders have been buying, and in the last few weeks over $1.5 million in stock has been purchased

The data is sourced from Yahoo Finance and Insidercow.com.

Disclosure: I have no positions in any stocks mentioned, but may initiate a long position in WHR over the next 72 hours.

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.

Source: 6 Bargain Stocks Insiders Are Buying Now