Seeking Alpha

mikeurl's  Instablog

mikeurl
Send Message
Individual investor with an interest in trading and market timing.
  • PBI Executives Step Up To The Plate And Purchase 34,800 Shares 0 comments
    May 25, 2012 3:24 PM | about stocks: PBI

    I guess the management of Pitney Bowes thought enough was enough as their share price dipped down to levels not seen since the late 1980s. Today a flurry of form 4's were posted to the PB investor relations site.

    By far the largest buys were by Chairman, president and CEO Murray Martin who bought 20,000 shares on 5/21/12 for between 13.55 and 13.56 per share. Altogether the purchases by insiders yesterday and today total $437,806.50. This is a significant buy at a time when the stock is under extreme duress.

    I was right there with them buying more at 13.50 and then more at 13.00 and I had a buy in for 12.50 that never got filled. PBI is surely not without risk but I think the reward of a double digit dividend more than compensates for the risk/reward ratio here. It looks like management agrees.

    Edit: Since posting this another insider buy was made on 5/25/12 bringing the total up to 472,081.50

    Disclosure: I am long PBI.

    Additional disclosure: Nothing written is intended as investment advice.

    Themes: insider buys Stocks: PBI
Back To mikeurl's Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Comments (0)
Track new comments
Be the first to comment
Full index of posts »
Latest Followers

Latest Comments


Most Commented
Posts by Themes
Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.