Insider Buy Alert: CEO Just Grabbed 10,000 Shares of This 13% Payer

A key insider has quietly snapped up 10,000 shares of his 13%-yielding stock. And we contrarian income seekers are putting the ticker on our buy list, too. That’s because insider buying really is the ultimate “buy alert.” Legendary value investor Peter Lynch said it best: “Insiders might sell their shares for any number of reasons, but they only buy for one: they think the price will rise.” Heck, I can almost see my regular readers nodding along to this one. We’ve talked about it again and again in my Contrarian Income Report service. In fact, we’d go one step further than Lynch: Insiders buy because they think the dividend will rise , too. … Read more