Stock message boards
MNV
Market News Video
MNV MNV 10 Stocks Crossing Above Their 200 Day Moving Average
MNV
MNV
MNV
MNV
MNV
MNV
MNV
Free Dividend Report - Top Ranked Stocks

Featured MNV Articles:

Dick's Sporting Goods Larger Than S&P 500 Component Graham Holdings
Tuesday, May 27, 4:41 PM ET, by Market News Video Staff

In the latest look at stocks ordered by largest market capitalization, Russell 3000 component Dick's ...

Ex-Dividend Reminder: L Brands, Dick's Sporting Goods and Genuine Parts
Monday, June 2, 10:37 AM ET, by Market News Video Staff

On 6/4/14, L Brands, Inc (LB), Dick's Sporting Goods, Inc (DKS), and Genuine Parts Co. ...

PVH Shares Cross Below 200 DMA
Thursday, June 5, 11:07 AM ET, by Market News Video Staff

In trading on Thursday, shares of PVH Corp (PVH) crossed below their 200 day moving ...

10.5% of XRT Holdings Seeing Recent Insider Buys
Tuesday, June 17, 9:35 AM ET, by Market News Video Staff

A look at the weighted underlying holdings of the SPDR S&P Retail ETF (XRT) shows ...

Signet Jewelers Larger Than S&P 500 Component Kimco Realty
Wednesday, June 18, 4:38 PM ET, by Market News Video Staff

In the latest look at stocks ordered by largest market capitalization, Russell 3000 component Signet ...

  More articles:  1 2 3 4 5 6 7 next »

Bargain Bin Stocks: ODP Now 14.6% Cheaper Than Director Hedrick's Buy

By Market News Video Staff, Tuesday, November 29, 12:15 PM ET
Play Video: One Reason For Insiders to Buy


If the video does not load after a few moments, Upgrade to the Latest Flash Player.

There's an old saying on Wall Street about insider buying: there are many possible reasons to sell a stock, but only one reason to buy. Back on October 31, Office Depot, Inc.'s Director, W. Scott Hedrick, invested $120,650.00 into 50,000 shares of ODP, for a cost per share of $2.41. Bargain hunters tend to pay particular attention to insider buys like this one, because presumably the only reason an insider would take their hard-earned cash and use it to buy stock of their company in the open market, is that they expect to make money.

In trading on Tuesday, bargain hunters could buy shares of Office Depot, Inc. (NYSE:ODP) and achieve a cost basis 14.6% cheaper than Hedrick, with shares changing hands as low as $2.06 per share. Office Depot, Inc. shares are currently trading up about 0.7% on the day. The chart below shows the one year performance of ODP shares, versus its 200 day moving average:

Office Depot, Inc. Chart

Looking at the chart above, ODP's low point in its 52 week range is $1.75 per share, with $6.25 as the 52 week high point that compares with a last trade of $2.11. By comparison, below is a table showing the prices at which insider buying was recorded over the last six months:

Purchased Insider Title Shares Price/Share Value
07/28/2011 Thomas J. Colligan Director 15,000 $3.79 $56,850.00
08/30/2011 Neil R. Austrian Chairman & CEO 100,000 $2.52 $251,590.00
10/31/2011 W. Scott Hedrick Director 50,000 $2.41 $120,650.00

According to the ETF Finder at ETF Channel, ODP makes up 1.38% of the Rydex S&P 500 Equal Weight Consumer Discretionary ETF (AMEX:RCD) which is trading relatively unchanged on the day Tuesday.

See what other ETFs contain ODP
See what other stocks are held by RCD

ODP operates in the Specialty Retail sector, among companies like Dick's Sporting Goods, Inc (NYSE:DKS) which is trading flat today, and Signet Jewelers Ltd (NYSE:SIG) trading lower by about 0.5%. Below is a three month price history chart comparing the stock performance of ODP, versus DKS and SIG.

ODP,DKS,SIG Relative Performance Chart


Free Trial: ''ETF CHANNEL FLEXIBLE GROWTH INVESTMENT PORTFOLIO''

The ETF Channel Flexible Growth Investment Portfolio is designed to seek growth for investors anywhere and everywhere. The key to the program is our portfolio strategy allows us complete flexibility in terms of asset allocation as there are no predetermined guidelines as to the level of stocks, bonds, cash, regions, countries, sectors, commodities, or even asset classes in the portfolio! In short, this is a completely flexible portfolio designed to follow the performance trail wherever it leads us.


Top Six Most Viewed Stories This Week @ Market News Video:

This Article's Word Cloud:   Channel   Definition   Depot   Director   ETFs   Hedrick   Importance   Insider   NYSE   October   Office   Price   Scott   Trial   Tuesday   about   asset   below   buying   cash   changing   chart   cost   designed   hunters   insider   last   like   many   only   other   performance   point   portfolio   program   reason   share   shares   stock   stocks   that   their   there   this   trading   versus   week   what   which   with
MNV
MNV
About Us - Advertise - Contact Us - Embedding Videos - Licensing Videos - Partners - mRSS / RSS Feed - Terms of Use - Privacy Policy - Video Widget
MNV
Home  |  Analyst News  Dividend Report  Econonomic News  Insider Report  Large Caps  Market Movers  Week Ahead Report  Weekly Market Wrap
MNV
MNV MNV Stock Message Boards Stock Market Definitions
MNV

Bargain Bin Stocks: ODP Now 14.6% Cheaper Than Director Hedrick's Buy | Market News Video | Copyright © 2008 - 2014, All Rights Reserved

Any ideas and opinions presented in all Market News Video clips are for informational and educational purposes only, and do not reflect the opinions of BNK Invest, Inc. or any of its affiliates, subsidiaries or partners. In no way should any content contained herein be interpreted to represent trading or investment advice. None of the information contained herein constitutes a recommendation that any particular security, portfolio, transaction, or investment strategy is suitable for any specific person. All viewers agree that under no circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held liable for any loss or damage caused by your reliance on information obtained. Read Full Disclaimer.