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Why are Insiders Purchasing Stock?     16-Dec-08 10:49 am    
I read the November transcript of their quarterly telephone conference. The top officers were cautious about the immediate outlook for the company. Company products are geared towards automated, web-based cost saving products especially to large finance service providers.

Five Insiders have collectively bought about $650,000 of stock in the last six months. Why? Yes, VRTU has $3.07 per share in cash, no debt, buying back stock, $6.00+ in book value, earns money, revenues still increasing.

But it looks like dead money for at least 6 to 9 months, perhaps much longer. However, I followed the insiders and bought 1800 shares at $4.44.

Anybody have further insight into this company?


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douglas0172...

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Why are Insiders Purchasing Stock?
douglas0172... Not rated 16-Dec-08 10:49 am  
 
Paid Puymper..idiot
winning_tra... Rate it 23-May-09 04:19 pm  
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Virtusa Corp. (VRTU)

Chart for Virtusa  Corp. (VRTU)
On Dec 24: 8.98 Down 0.05 (0.55%)
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