Promus Companies
Article Abstract:
Promus Companies Inc shares were pegged at $37.75 and $46.88 in Oct 26 and Dec 21, 1992, respectively. Five insiders purchased 50,250 shares in Dec 1992 at an average cost of $55.56 even though the stock has risen dramatically since the 1st qtr 1992. The insider purchases came from directors Joe Henson, Eddie Williams, James Barsdale, Walter Salmon and Shirley Young. Two of those mentioned have good performances in insider trading. Satisfactory fundamentals are expected for the stock.
Publication Name: CDA-Investnet Insiders' Chronicle
Subject: Business
ISSN: 1074-0139
Year: 1993
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MGM Grand Inc
Article Abstract:
MGM Grand Inc belongs to the hotel/gaming sector. It operates a Las Vegas casino and a luxury airline service. Kirk Kerkorian accumulated more than 5 million shares of this issue at $17.50. The decision was commendable since the stock is pegged at the $26 level as of late Mar 1993. Three insiders also purchased 3,500 shares at an average of $22.63 each. It might be a good buying opportunity if the stock approximates the $22.75 area once again.
Publication Name: CDA-Investnet Insiders' Chronicle
Subject: Business
ISSN: 1074-0139
Year: 1993
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Jackpot Enterprises Inc
Article Abstract:
Jackpot Enterprises Inc has 3,083 slot machines at 278 retail establishments in Nevada. Four insiders disposed of 214,489 shares last Jan and Feb 1993. Share prices have declined since then and is pegged at the $20 area in mid-Mar 1993. The insider selling being observed in Jackpot has been evident in some Gaming issues lately. It should be remembered that insider distributions in Mirage Resorts and Caesars World showed good timing.
Publication Name: CDA-Investnet Insiders' Chronicle
Subject: Business
ISSN: 1074-0139
Year: 1993
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