not vested
INSIDERS ARE BETTING BIG ON THIS DRAINAGE COMPANY
Today's chart shows why you want to own companies whose insiders are snapping up shares...
Lots of folks have opinions about whether a company's stock will go up. But when those folks are top executives, they often know best if their company's shares are undervalued... and will sometimes put their personal wealth on the line to profit.
Even better, these executives are more likely to act in the best interests of shareholders. Check out this example of a company with the "insider advantage"...
Advanced Drainage Systems (WMS) is a $2.4 billion manufacturer of corrugated plastic pipes. It has products for every setting, from homes to factories to airports.
Company director Ross Jones likes this business so much, he owns a roughly $450 million stake... including more than 300,000 shares he bought for more than $10 million in October alone. And he's never sold a single share.
Over the past year, WMS is up more than 25%... And it just hit a new multiyear high. With Jones along for the ride, shareholders can likely expect more good times ahead...
Source: Daily Wealth