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President & CEO Woodward and two directors bought $258,000 worth of stock on Monday, July 20th. That's why this thinly-traded stock is up 23% today.
This is the SECOND major purchase in the last three months. The first was in mid-May by 3 insiders at $4.50 for about $450,000. That's lots of confidence at a price that is 30-40% of current book value. Of course, 60% their assets (loan portfolio) are commercial loans. Apparently, at that level of discounting, they see only gold in them there hills, not insolvency. Sentiment : Strong Buy Rating :
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