Throughout the month of October we've seen several series of
group buys coming from Canadian companies. The following three
companies reported the largest Canadian insider buys occurring in
October thus far. These companies also have a fairly consistent
history of insiders buying their company's stock.
Canadian Tire Corp (
Over the past week there were three insiders making several
additions to their stake in the company.
Senior Officer Dean Charles McCann made several transactions adding
4,300 shares to his stake. He bought these shares in the price
range of $91.40 to $92.83 per share. Since his purchases, the price
per share has increased approximately 1.61%.
10% security holder Hugh Lynar purchased a total of 5,400 shares.
He bought these in the price range of $91.23 to $92.83 per share,
and since his transactions the price per share has increased
Lastly, Senior Officer Robyn Collver made several transactions,
adding 5,500 shares to her position in the company. Collver
purchased these shares in the price range of $91.23 to $92.83 per
share. Since her multiple buys, the price per share has increased
The company has seen an increase in insider buying coming from
these three insiders as the price has hit a 5-year high.
Canadian Tire is comprised of two main business operations that
offer a range of retail goods and services including general
merchandise, clothing, sporting goods, petroleum and financial
services. The Company's two segments are Retail and Financial
Canadian Tire's historical revenue and net income:
The analysis on the company reports that the company's revenue has
slowed over the past year, that its price is nearing a 5-year high,
its dividend yield is near a 5-year low and its asset growth is
currently faster than its revenue.
The company has reported several big things happening over the past
week. First off the Canadian Tire REIT filed its preliminary
prospectus for initial public offering of trust units. And it was
also announced that the Maple Leaf Sports & Entertainment would
enter in to a long-term partnership with the Canadian Tire Family
of Companies. You can read more about this here.
The Peter Lynch Chart suggests that the company is currently
Canadian Tire has a market cap of $7.2 billion. Its shares are
currently trading at around $93.51 with a P/E ratio of 14.60, a P/S
ratio of 0.87 and a P/B ratio of 1.92. The company had an annual
average earnings growth of 5.50% over the past ten years.
GuruFocus rated Canadian Tire Corp the business predictability rank
Belo Sun Mining Corp. (
Over the past week there were two insiders making notable buys into
Belo Sun Mining. These insiders bought these shares as the
company's price is trading at a historic low.
On Oct. 9, Senior Officer Ian Pritchard purchased 11,000 shares at
an average price of $0.38 per share. This cost him a rather small
$4,180. Since his buy the price per share has dropped an additional
-7.89%. After his most recent buy, Pritchard holds on to 308,740
shares of company stock.
Director and Senior Officer Mark Eaton made an even larger buy on
Oct. 7. Eaton purchased a very noticeable 100,000 shares of his
company's stock. The director purchased these shares at a price of
$0.40 per share, costing him a total of $40,000. Since his buy, the
price per share has decreased an additional -12.5%.
The company's insiders have increased their buying as the company's
price has plummeted to its lowest.
Belo Sun Mining, through its subsidiaries, engages in the
exploration of gold properties located in Brazil. The company's
principal property includes the Volta Grande project located in the
northern region of Para state, Brazil. Its other properties are
located throughout Brazil.
Belo Sun Mining's historical revenue and net income:
Recently the company announced that had increased its measured and
indicated resources to 5.1 million ounces of gold, plus inferred
resources of 2.5 million ounces of gold in its Volta Grande Gold
The analysis on the company reports that its revenue has been in
decline over the past three years, its price is at a 3-year low and
they have a comfortable interest coverage.
Belo Sun Mining Corp has a market cap of $93.0687 million. Its
shares are currently trading at around $0.35 per share. The company
had an annual average earnings growth of 24.70% over the past ten
Air Canada (TSX:AC.B)
So far in October there have been three different Air Canada
directors making buys back into the company. These directors
consist of Joseph Leonard, Jean Marc Huot and Michael Green.
Leonard added a total of 5,137 shares to his stake on Oct. 1. The
director purchased these shares at an average price of $3.65 per
share for a total transaction amount of $18,750.05. Since his buy
the price per share has increased about 35.89%. Leonard holds on to
a total of 108,214 shares of company stock.
Huot purchased 2,747 shares at an average price of $3.64 per share.
This cost the director a total of $9,999.08. Since his buy, the
price per share has increased an additional 36.26%. Huot now holds
on to a total of 31,097 shares of his company's stock.
Lastly, Michael Green added 5,137 shares to his stake at an average
price of $3.65 per share. This cost the director a total of
$18,750.05. Since his buy, the price per share has jumped up about
35.89%. Green now owns at least 108,214 shares of Air Canada stock.
These insider buys come as the company's price is nearing a 5-year
Air Canada provides scheduled passenger services in the Canadian
market, the Canada-US transborder market as well as the
international markets to and from Canada.
Air Canada's historical revenue and net income:
The analysis on Air Canada reports that the company's revenue has
been in decline over the past five years, its price is nearing a
5-year high and its Piotroski F-Score is high.
The Peter Lynch Chart suggests that Air Canada is currently
Air Canada has a market cap of $1.4 billion. Its shares are
currently trading at around $4.96 with a P/E ratio of 4.85 and a
P/S ratio of 0.23.
Check out the Canadian Insider Trading page for more Canadian
insider buys and sells.
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