Top 10 Stocks With Big Insider Buying, Buybacks

Stock quotes in this article: SCHW , TEK , CHK , SLB , DTV , AT , HPQ , DELL , S  

These are all positives, but what is even more interesting is that one of my favorite investors, John Buckingham of Al Frank Asset Management, invests in the stock. Buckingham is a well-known value investor who has a good eye for finding quality, cheap stocks, as is evidenced by the fund's 16% annual returns since its inception in 1998.

Chesapeake is also owned by Mason Hawkins, the well-regarded investor who manages Southeastern Asset Management and its $31 billion in client and investment company assets. Aside from Chesapeake, his fund also counts Dell(DELL Quote) and Sprint(S Quote) among its holdings.

So with Chesapeake, we have the CEO of the company recently buying a sizable chunk of shares, two excellent value investors in the name and analysts that like the stock. That makes it worth a look.

To see the rest of this week's picks, check out Stockpickr's Top 10 Insider Purchases and Buybacks portfolio.

And for more insight into Stockpickr's Guide to Insider Purchases and Stock Buybacks, you can review each of the last few weeks' picks by visiting these portfolios:

You can also review Barron's Top Insider Purchases from the prior week as well as Cramer's Mad Money Buybacks.

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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.

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