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Bargain Bin Stocks: XLS Now 22.0% Cheaper Than Director Williamson's Buy

By Market News Video Staff, Friday, June 22, 1:11 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 March 13, Exelis Inc.'s Director, Billie I. Williamson, invested $12,250.00 into 1,000 shares of XLS, for a cost per share of $12.25. 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 Friday, bargain hunters could buy shares of Exelis Inc. (NYSE:XLS) and achieve a cost basis 22.0% cheaper than Williamson, with shares changing hands as low as $9.55 per share. It should be noted that Williamson has collected $0.21/share in dividends since the time of their purchase, so they are currently down 20.3% on their purchase from a total return basis. Exelis Inc. shares are currently trading up about 0.5% on the day. The chart below shows the one year performance of XLS shares, versus its 200 day moving average:

Exelis Inc. Chart

Looking at the chart above, XLS's low point in its 52 week range is $8.25 per share, with $13.50 as the 52 week high point that compares with a last trade of $9.64. 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
03/06/2012 R. David Yost Director 10,000 $11.33 $113,297.00
03/13/2012 Billie I. Williamson Director 1,000 $12.25 $12,250.00

XLS makes up 2.93% of the SPDR S&P Aerospace & Defense ETF (AMEX:XAR)


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