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Bargain hunters may be taking note of insider cluster buying at Heckmann (HEK +7.9%), where four...

Bargain hunters may be taking note of insider cluster buying at Heckmann (HEK +7.9%), where four different company directors and officers purchased 31,738 shares at an average price of $3.58/share during May 8-10. The move could be viewed as an indication the stock is undervalued; earlier this week, shares had touched a 52-week low.
Comments (8)
  • Anton Ramish
    , contributor
    Comments (179) | Send Message
     
    I say a buy
    11 May 2012, 03:47 PM Reply Like
  • Kilborn
    , contributor
    Comments (15) | Send Message
     
    Too bad I'm not patient. I've been in this for the last 15% of this dip.
    11 May 2012, 04:27 PM Reply Like
  • panorth
    , contributor
    Comments (3) | Send Message
     
    Come on....this insider buy is good but it took four directors to buy $100K of stock, not exactly a stamp of confidence, and some of those guys have a few bucks. Still like the stock longer term. Actually, is the only individual small cap stock I hold for client portfolios. Good Niche, good management, why not.
    11 May 2012, 04:33 PM Reply Like
  • davidbdc
    , contributor
    Comments (3158) | Send Message
     
    Totally agree. These guys know people pay attention to insider buys and they want to stop the slide and keep their jobs!

     

    If you have a million dollar a year job - spending 25K on your shares to buy some time is a winning proposition.
    11 May 2012, 05:13 PM Reply Like
  • evan.prospect
    , contributor
    Comments (694) | Send Message
     
    I like the stock too and while one shouldn't over-hype insider buying, it's still a mild positive.

     

    On a different note, HEK isn't the only one who has been switching to NG vehicles.

     

    http://bit.ly/KuNFw4
    11 May 2012, 05:27 PM Reply Like
  • TFCAB
    , contributor
    Comments (1974) | Send Message
     
    Hope this does not jinx HEK's prospects, but Cramer has a BUY on it 7 Jun 12 LONG HEK
    8 Jun 2012, 08:53 AM Reply Like
  • Anton Ramish
    , contributor
    Comments (179) | Send Message
     
    nothing good happens to hek unless we get a new president
    9 Jun 2012, 08:38 AM Reply Like
  • TFCAB
    , contributor
    Comments (1974) | Send Message
     
    Anton....agreed. I think you could drop most stock symbols into your sentence and be right.
    12 Jun 2012, 08:37 AM Reply Like
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