Today I bought a few shares of Armour Residential (ARR) stock and increased my holding in this company. There were two reasons why I decided to do so:
- A huge price drop a sell off which was so scary to me that I was at first doubting whether to hold this company at all, but then I went back in time and saw that these sudden drops weren’t that unusual and always the stock managed to recover. It seems to be the case these days again.
- The next reason I see this stock positively is insider buying. Yesterday a CEO and another executive officer bought 10,000 shares @ $6.10 per share. Constantly insiders are buying shares of their own company and that I consider as a good sign. Even in October, when the stock was trading at $7.6 per share, insiders were buying.
Thus I bought more shares as well. It was slightly at higher price than insiders but that was because of my buying rules.
11/16/2012 13:52:51 Bought 73 ARR @ 6.8399
Total shares held as of today: 305
Estimated annual dividend: $329.40
Consecutive Dividend Increase: 0 years
Dividend yield today: 16.85%
Dividend 5yr Growth: N/A
Dividend paid since: 2010
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