It's paying a serious dividend - around 8% based on the current payout. That's the cheese! The name of the REIT is Macerich, and its ticker symbol is - you guessed it - MAC. It operates high-quality shopping centers, which doesn't seem like the best bet in this economy. That's why it's perplexing that the insiders are piling in. What do they see? Are people still shopping? Is Macerich an acquisition target? Insiders tend to buy their own companies' shares when they know a thing or two about what's coming down the pike. In this case, I am seeing the strongest of all insider signals, called cluster buying. This is when multiple insiders, especially nondirectors, buy their own company's shares on the open market at various prices. Check out the chart below, and you'll see the roster of buyers and how many shares they've purchased over the past few days. Macerich insiders either know something we don't or are gluttons for punishment. That's what makes this an interesting speculation. And since Macerich also has LEAP options, you can get in for a fraction of the cost of owning the stock - unless you are betting on the dividend too. Options holders don't get paid dividends. YOUR ACTION PLAN I find situations like this in real time all the time. And as soon as I see one developing, my readers get a note - without delay! If you want to be part of a group that is winning on 72% of their trades THIS YEAR... and start bringing in some serious cheese... Then click here to start tracking these insider buys consistently for big potential gains. |
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