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Top Stocks With Insider Buying, Buybacks

04/17/08 - 11:29 AM EDT

James Altucher

Cross Research believes WIND will climb higher and recently reiterated their buy rating and $11 price target for the stock. The analysts from Cross said, "We think the previous repurchase program may have been accretive by as much as 5 cents per share assuming most of the stock bought back was near the nadir in prices following earnings."

The analysts added, "The potential for further accretion remains, but we suspect that the allocation of another $50 million will have the effect of serving notice to the marketplace that recent lows were too cheap for the Company to stand by without taking action to buy back stock at very attractive levels."

The fact that George Soros likes the stock is reason enough to check it out. Some of his other stock holdings are Vale RIO and JetBlue JBLU.

Another famous investor who's invested in Wind River is Kenneth Griffin, who runs Citadel Investment Group, one of the world's largest hedge funds. The $20 billion Chicago-based hedge fund also holds shares of Boeing BA and 3Com COMS.

So with Wind River, we have a buyback, a buy rating and two noteworthy investors in the stock. It may be time to do some homework on WIND.

For more stocks and analysis, check out this week's Top 10 Insider Purchases and Buybacks at Stockpickr.com.

For the 10 most recent portfolios, check out:

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.

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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