The directors of a company tend to have a unique inside view into the business, so when directors make major buys, investors are wise to take notice. Presumably the only reason a director of a company would choose to take their hard-earned cash and use it to buy stock in the open market, is that they expect to make money — maybe they find the stock very undervalued, or maybe they see exciting progress within the company, or maybe both. So in this series we look at the largest insider buys by company directors over the trailing six month period, one of which was a total of $1M invested across 2 purchases by John C. Wilder Jr., Director at Exco Resources Inc. (XCO).

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Wilder Jr. bets big on XCO:
Purchased Insider Title Shares Price/Share Value
11/09/2015 John C. Wilder Jr. Director 297,100 $1.06 $315,401.36
11/11/2015 John C. Wilder Jr. Director 639,839 $1.08 $692,399.33

Wilder Jr.'s average cost works out to $1.08/share. In trading on Friday, bargain hunters could buy shares of Exco Resources Inc. ( XCO) and achieve a cost basis lower than Wilder Jr., with shares changing hands as low as $0.97 per share. Shares of Exco Resources Inc. were changing hands at $1.00 at last check, trading up about 4.2% on Friday. The chart below shows the one year performance of XCO shares, versus its 200 day moving average:

Exco Resources Inc. Chart

Looking at the chart above, XCO's low point in its 52 week range is $0.48 per share, with $3.80 as the 52 week high point — that compares with a last trade of $1.00.

According to the ETF Finder at ETF Channel, XCO makes up 4.56% of the First Trust ISE-Revere Natural Gas Index Fund ETF ( FCG) which is trading higher by about 0.2% on the day Friday.