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Commit To Purchase Aegerion Pharmaceuticals At $15, Earn 12% Annualized Using Options
Wednesday, February 4, 11:35 AM ET, by Market News Video Staff

Investors eyeing a purchase of Aegerion Pharmaceuticals Inc (AEGR) stock, but cautious about paying the ...

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Symbols mentioned in this story: FXH, CNC, ABC, PDCO Exchange traded funds (ETFs) trade just ...

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Thursday, February 12, 10:21 AM ET, by Market News Video Staff

The most recent short interest data has been released by the NASDAQ for the 01/30/2015 ...

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Pick Up This Bargain Even Cheaper Than Director Rudnick Did

By Market News Video Staff, Tuesday, November 22, 12:06 PM ET
Play Video: One Reason For Insiders to Buy

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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 September 8, Patterson Companies Inc's Director, Ellen A Rudnick, invested $56,800.00 into 2,000 shares of PDCO, for a cost per share of $28.40. 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 Patterson Companies Inc (NASDAQ:PDCO) and achieve a cost basis 3.2% cheaper than Rudnick, with shares changing hands as low as $27.48 per share. It should be noted that Rudnick has collected $0.12/share in dividends since the time of their purchase, so they are currently down 2.8% on their purchase from a total return basis. Patterson Companies Inc shares are currently trading down about 4.4% on the day. The chart below shows the one year performance of PDCO shares, versus its 200 day moving average:

Patterson Companies Inc Chart

Looking at the chart above, PDCO's low point in its 52 week range is $26.19 per share, with $36.93 as the 52 week high point that compares with a last trade of $28.03. 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
08/30/2011 John D Buck Director 1,500 $28.22 $42,330.00
09/08/2011 Ellen A Rudnick Director 2,000 $28.40 $56,800.00

PDCO makes up 2.22% of the Rydex S&P 500 Equal Weight Health Care ETF (AMEX:RYH)

PDCO operates in the Drugs & Pharmaceuticals sector, among companies like Aegerion Pharmaceuticals Inc (NASDAQ:AEGR) which is trading flat today, and MAP Pharmaceuticals Inc (MAPP) trading higher by about 0.4%. Below is a three month price history chart comparing the stock performance of PDCO, versus AEGR and MAPP.

PDCO,AEGR,MAPP Relative Performance Chart


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