Someone wants you to ignore these insider sales...

Article Abstract:

The disposal of 1.5 million shares of Michael's Stores Inc.'s shares of stock is apparently traceable to two executives of the company, Chairman Sam Wyly and Co-Chairman Charles Wyly, Jr. While the sale of over 300,000 shares can be easily traced to the Wylys, the rest of the transactions are shrouded in mystery. Locke Ltd. and Quayle Ltd., two Isle of Man companies, bought 900,000 and 300,000 shares, respectively. Prior to this, both Sam Wyly and Charles Wyly, Jr. transferred 900,000 and 300,000 shares, respectively to Isle of Man trusts on the same day.

Reports, Michaels Stores Inc., MIKE, Isle of Man, Wyly, Sam, Wyly, Charles, Jr.

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Consumer big ticket buys provide inflation reminder

Article Abstract:

The steel, metal fabricating and home furnishing/appliance industries are bustling with insider buying activity. Insider accumulation in Mueller Industries was in the $40 level, while that of Maytag Corp. was in the $20 range. Insider buying in Citation Corp. ranged from $11 to $12, whereas insider purchases in Consolidated Stainless Inc. were generally in the $6 level. The increase in Consolidated's buying activity resulted from a decrease in shares by more than 40%.

Household Appliances, Household Appliance Manufacturing, All Other Miscellaneous Fabricated Metal Product Manufacturing, Fabricated metal products, not elsewhere classified, Fabricated Metal NEC, Metal industries, Metal products, Home appliances industry, Appliance industry, Appliances, Metal industry

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Scientific-Atlanta Inc.-SFA

Article Abstract:

Stocks of information delivery systems manufacturer Scientific-Atlanta Inc. have gone down 20% since May 1996. Observers believe the company must substantially improve sales before any improvement in its stock price can happen. However, the firm may be on the road to recovery, as evidenced by increased insider trading activity. These include purchases made by VP Jack Simpson, Director Marion Antonini and Chairman Sidney Topol.

Communications Equipment, Telecommunications Equipment, Communications Equipment Manufacturing, Purchasing, Telecommunications services industry, Telecommunications industry, Telecommunications systems, Scientific-Atlanta Inc., SFA

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