Thursday 9 December 2010

Waterfurnace Renewable Energy - Insiders Buying Post Q3 Report

When I did my first post on Waterfurnace Renewable Energy (TSX: WFI) assessing it as a stock to buy, insider trading had been quiet. Now we are getting the encouraging signal from a couple of insiders who have been actively buying shares themselves in the last month or so since the release of the company's 3rd quarter report, which I reviewed in this post. Both Board Member Thomas Dawson and the CFO Fred Andriano have been tangibly demonstrating their faith in the company's future according to this list of recent WFI insider trades from - all purchases and fairly large amounts too, given the size of company. It looks like they took advantage of the recent price dip too, paying pretty much the bottom price.

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