Insider buying at Colfax!
In these days we are watching share prices going lower and lower. Especially industrial activities take a hit by fears about a slowdown of the Chinese economy followed by a slowdown of the whole global economy.
No wonder that the share price of Colfax Corp. (NYSE: CFX) behaves in synchronicity reaching lows not seen since August 2012!
But wait! Someone sees the decline as a buying opportunity:
Mitchell P. Rales, one of the founders of Colfax in August bought 261’600 shares of Colfax for $10 mil for his family.
As a general rule investors shouldn’t rely to much on insider activities but sometimes they are a helpful hint especially after a change of the CEO as happened at Colfax this summer.
Colfax shares are priced at a p/e of 17 (Dec. 2015) and a p/e of 15 for Dec. 2016 respectively. Not expensive at all. Investors should consider this for adding to their position!