Top George Soros Stocks With Insider Buying
07/11/07 - 05:52 AM EDT
George Soros is the famous stock market investor and speculator who is known for "breaking the Bank of England" in 1992. He is also the founder of the extremely successful Quantum Fund and the 80th-richest person in the world, according to Forbes, with a net worth of about $8.5 billion.
Not only do we like to piggyback investors such as Soros, but we also like stock picks that are confirmed by insiders. We believe this makes the stock a very favorable potential investment. Although insiders may sell shares for various reasons, they don't normally purchase shares in their own company unless they are fairly certain about the future prospects. With this in mind, we have set up a list of Soros' insider stock plays list at Stockpickr.com. To check out his entire holdings, including Qualcomm(QCOM Quote - Cramer on QCOM - Stock Picks) and Halliburton(HAL Quote - Cramer on HAL - Stock Picks), click here. Bon-Ton Stores(BONT Quote - Cramer on BONT - Stock Picks) is far and away the Soros stock with the largest amount of insider buying. Bon-Ton, which was founded in 1898, has over 280 department stores nationwide. Two insiders have recently purchased 383,000 shares, showing a significant amount of confidence in the company. Bon-Ton is also in the portfolio of Deltec Asset Management, a New York City-based hedge fund run by John Gordon and Arthur Byrnes. Deltec has an interesting portfolio, with significant holdings in South America and countries around the world, including in such stocks as Uniao de Bancos Brasileiros(UBB Quote - Cramer on UBB - Stock Picks) and Bancolombia(CIB Quote - Cramer on CIB - Stock Picks).


