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Leigh Baldwin & Co.

112 Albany Street, Cazenovia, NY 13035 | Phone: (315) 655-2964 Toll Free: 1-800-659-8044

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Diamonds and Dogs

3/7/19

 

Insider buying at CenturyLink (CTL). The regional telecom company has seen better days down 50% since August, but the stock is up 5% today on insider buying. The CEO purchased 83,000 shares while the CFO purchased 50,000 shares yesterday for a combine value of $1.5 million. Hopefully, that's a good signal that the fundamentals are improving or at least stabilizing. The current dividend yield is 8.3%. Not bad.

Too many coats at Burlington Stores (BURL). The coat retailer is down 15% following earnings. Burlington actually beat expectations, but missed on sales and modestly lowered guidance for the quarter and full year. MKM Partners analyst Roxanne Meyer reiterated a Buy rating on the stock, with a price target of $189 expecting catalysts later in the year.

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