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Mr. Molbeck a good predicter of stock appreciation     21-Sep-09 01:12 pm    
You may know of the large HCC insider purchase 9/14/09 by CEO Molbeck. How well have Mr. Molbeck's past purchases done?

Consider his purchase 2/21/08. I used adjusted share price closing figures provided by Yahoo Finance (adjusted for dividends paid since 2/21) and 9/18/09 closing prices: Here are comparisons:
HCC's stock since 2/21/08: up 15.50%
SPY since 2/21/08: down 17.78%
VTSMX (proxy for entire U.S. stock market) since 2/21/08: down 15.74%.

Consider Mr. Molbeck's 3/14/08 purchase.
HCC's stock since approximate weighted average of Mr. Molbeck's purchase prices on 3/14/08: up 25.23%
SPY since 3/14/08: down 14.19%
VTSMX since 3/14/08: down 12.20%.

If you profit from investing in HCC, please consider sharing some profits with charity. Best wishes,
Data
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Mr. Molbeck a good predicter of stock appreciation
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HCC Insurance Holdings Inc. (HCC)

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