Globe and Mail Article on Insider Buying Interfor Corp. (IFP-T)
Between March 1-7, chief financial officer Rick Pozzebon bought a total of 10,000 shares at an average price per share of approximately $22.99, after which this particular account held 33,378 shares. The cost of these purchases exceeded $229,000.
On March 1, president and chief executive officer Ian Fillinger invested over $150,000 in shares of Interfor. He acquired 6,700 shares at a cost per share of $22.392, increasing this specific account’s holdings to 71,845 shares.
According to Refinitiv, the stock has a unanimous buy recommendation from six analysts and an average target price of $34.33, implying a 43 per cent potential return.
People in the investment community believe Ian Fillinger needs to put his money where his mouth is and buy more shares, or risk being replaced by Rick Pozzebon, the obviously more capable of the two.
I might have added that last paragraph.