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Top 10 Stocks With Big Insider Buying, Buybacks

12/13/07 - 11:37 AM EST

James Altucher

Updated from 6:14 a.m. EST

At Stockpickr.com, we keep track of the Top 10 Insider Purchases and Buybacks each week. Here's the perfect setup in my mind: insiders buying the stock, the company buying back its own shares and a super investor like Warren Buffett also making a bullish bet on the stock.

If I can get three out of three, I'm in heaven. If I can get two out of three, or even one out of three, I'm still pretty happy about the situation, particularly if the stock is cheap in other ways as well.

Each Thursday we update the Stockpickr Top 10 Insider Purchases and Buybacks portfolio, featuring stocks that in recent days have had big insider purchases or newly announced buybacks, as well as super investors accumulating shares.

IBMIBM makes this week's portfolio. Big Blue recently announced plans for an accelerated repurchase of up to $1 billion of its shares in addition to a $12.5 billion accelerated share repurchase announced in May. The shares are being repurchased from three banks through accelerated repurchase agreements by the end of February 2008.

The company has an aggressive plan to increase earnings per share to $11 by 2010 from $6.97 in the most recent fiscal year. This involves stock buybacks, gross margin expansion in its software division and tinkering with contributions to its pension program.

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At the time of publication, Altucher and/or his fund had no positions in stocks mentioned, although positions may change at any time.

James Altucher is president of Stockpickr LLC, a wholly owned subsidiary of TheStreet.com and part of its network of Web properties, and a managing partner at Formula Capital, an alternative asset management firm that runs a fund of hedge funds. He is also a weekly columnist for The Financial Times and the author of Trade Like a Hedge Fund, Trade Like Warren Buffett and SuperCa$h. Under no circumstances does the information in this column represent a recommendation to buy or sell stocks. Altucher appreciates your feedback; click here to send him an email.

TheStreet.com has a revenue-sharing relationship with Trader's Library under which it receives a portion of the revenue from purchases by customers directed there from TheStreet.com.


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