PRINCETON, N.J., Oct. 13 /PRNewswire/ -- InsiderScore.com
(http://www.insiderscore.com), the leading provider of insider and
institutional trading data, analytics, and research, announced today that it
has released a special report examining companies where executives and
directors have pledged large amounts of company shares as security.
The report, entitled, "Insider Margin Exposure," was compiled utilizing
regulatory disclosures and includes over 80 companies where insiders have
pledged shares as security for revolving lines of credit, margin loans, and
other credit facilities, including SandRidge Energy (NYSE: SD), Toll Brothers
(NYSE: TOL), eBay (Nasdaq: EBAY), Campbell Soup (NYSE: CPB), MGM Mirage
(NYSE: MGM), and Oracle (Nasdaq: ORCL).
"Corporate insiders, especially large shareholders, routinely use stock
they own as collateral for lines of credit and some buy shares utilizing
margin accounts," Ben Silverman, Director of Research for InsiderScore.com,
noted. "It's important to recognize that insiders who have pledged stock as
security have not necessarily drawn on a line of credit or margined any
shares. However, we believe it is also prudent to be aware of companies where
a percentage of outstanding shares have been pledged."
In recent days, there have been a number of large margin call related
stock sales by insiders. The "Insider Margin Exposure" special report examines
margin call related sales at Chesapeake Energy (NYSE: CHK), Coca-Cola
Enterprises (NYSE: CCE), Boston Scientific (NYSE: BSX), and XTO Energy
(NYSE: XTO), among others.
"The recent market volatility has forced a number of insiders to sell
stock due to margin calls or to pay down debt collateralized with company
stock. We expect the trend to continue," said Silverman. "Additionally, there
is evidence which suggests that some insiders with potential exposure to
margin calls have tried to get ahead of the calls with sales or other
transactions aimed at raising cash."
The InsiderScore.com service is designed for institutional investors.
Institutional Investors who would like a copy of this report or to trial
the service should contact Len Carmichael at len@insiderscore.com or 1-866-
400-9595.
About InsiderScore.com:
Founded in 2005, Princeton, NJ-based InsiderScore is the leading insider
and institutional trading data, analytics and research service. Utilizing
proprietary methodology and algorithms, InsiderScore turns unstructured
information into actionable investment data allowing professional investors to
gain important insight into company-, sector-, industry- and market-wide
trends. At their disposal, users have powerful quantitative and qualitative
tools such as transaction scoring, 10b5-1 Monitor, Insider IQ, SuperFunds,
Company Drill Down, and exclusive research. Over 300 of the world's leading
institutional investors utilize InsiderScore to generate investment ideas,
save valuable time, and streamline their research process. To learn more,
please visit www.insiderscore.com .
NOTE: This release was published by Indie Research Advisors, LLC (CRD
#131926), a registered investment advisor with the NASD and State of NJ. Past
performance does not guarantee future results. Investors should always
research companies and securities before making any investments. Nothing
herein should be construed as an offer or solicitation to buy or sell any
security.
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