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 August 5, Standard Register Co.'s Director, R Eric McCarthey, invested $42,104.92 into 15,000 shares of SR, for a cost per share of $2.81. 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 Thursday, bargain hunters could buy shares of Standard Register Co. (NYSE:SR) and achieve a cost basis 14.5% cheaper than McCarthey, with shares changing hands as low as $2.40 per share. It should be noted that McCarthey has collected $0.05/share in dividends since the time of their purchase, so they are currently down 12.7% on their purchase from a total return basis. Standard Register Co. shares are currently trading off about 2.8% on the day. The chart below shows the one year performance of SR shares, versus its 200 day moving average:
The current annualized dividend paid by Standard Register Co. is $0.20/share, currently paid in quarterly installments, and its most recent dividend has an upcoming ex-date of 11/22/2011. Below is a long-term dividend history chart for SR, which can be of good help in judging whether the most recent dividend with approx. 8.0% annualized yield is likely to continue.
Looking at the chart above, SR's low point in its 52 week range is $2.26 per share, with $3.79 as the 52 week high point — that compares with a last trade of $2.43. By comparison, below is a table showing the prices at which insider buying was recorded over the last six months:
John J JR Schiff
R Eric Mccarthey
SR operates in the Publishing & Printing sector, among companies like Dex One Corp (DEXO) which is up about 15.2% today, and McClatchy Co. (NYSE:MNI) trading lower by about 8.8%. Below is a three month price history chart comparing the stock performance of SR, versus DEXO and MNI.
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