U.S. Surgical Corp
Article Abstract:
US Surgical Corp makes wound management products. The stock peaked in 1991 after which, insiders started disposing of some shares. Insider selling still continued in early 1992. Substantial insider selling last Nov and Dec 1992 was noteworthy considering the low share price. Seventeen insiders disposed of 634,602 shares during that period at the $65 level. The distribution happened despite low prices so caution is recommended for the stock.
Publication Name: CDA-Investnet Insiders' Chronicle
Subject: Business
ISSN: 1074-0139
Year: 1993
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Medtronic Inc
Article Abstract:
Medtronic Inc is a top manufacturer of cardiac pacemakers. Its stock dropped to $70 each after pegging at $104.50 in Nov 1992. The decline was attributed to Pres Bill Clinton's health care plan. Dir Glen D. Nelson purchased 3,600 shares at $79 while Dir Frank C. Blodgett took his options on 5,120 shares without selling. The open market accumulations as well as the option-related activities give the stock a buy rating.
Publication Name: CDA-Investnet Insiders' Chronicle
Subject: Business
ISSN: 1074-0139
Year: 1993
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Puritan-Bennett Corp
Article Abstract:
Puritan-Bennett Corp is a maker of medical equipment for the treatment of respiratory diseases. Four directors accumulated 5,100 shares from Apr 21-27, 1993, at an average of $16.50. The number of insiders involved suggest that the issue has value at that price level. Positive fundamentals might be forthcoming despite the modest volume of purchase.
Publication Name: CDA-Investnet Insiders' Chronicle
Subject: Business
ISSN: 1074-0139
Year: 1993
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