Written by Rich B. Meier
TopEquityNews.com
Apparently, binging on turkey and shopping sprees were the focus of insiders during Thanksgiving week. Top Equity News scanned the insider purchasing rolls, only to find they were as bare boned as a turkey leg at a NFL offensive lineman’s dinner party.
As a result of the limited buying, we couldn’t find a case where insiders were purchasing at the same time the company buys back its shares. Therefore, we had to adjust our focus to find a company interest.
When we put the lens on dollars bought, we didn’t need a magnifying glass or microscope to see what the CEO, CFO, President and an Executive VP did at Sirona Dental Systems Inc. (SIRO).
Together the quartet bought 55,050 shares for a grand total of $2.2 million dollars. The CEO, Jost Fischer, picked up a cool million dollars of SIRO at $39.93. The numbers lady and CFO, Simone Blank, bucked up another $748,286 at $39.91. Another big spender, President, Jeffrey Slovin, joined the Junior Varsity with a $429,500 purchase at $42.95.
Using the latest data we could find, the trio earns around $768,008 each (not including bonuses), the sizes of the buys are eyebrow raising.
Based on SIRO’s chart, insider picked a good time to get in. The stock recently bottomed out near $40, right where the CFO and CEO bought. The 12 and 26 day moving-averages have U-turned back and are pointing up. A bullish MACD crossover could mean SIRO shares are headed higher. Its price was a touch under $50 in late October and could be there again soon if the current rally continues. Last night, Sirona closed at $44.44.
Insiders Sounding the Alarm at SIRO is an article from: 
