Huge Insider Buying at This Airline
In today's video, industrials editor and analyst Brendan Byrnes discusses United Continental and its recent huge insider purchases. CEO Jeffrey Smisek purchased more than $1 million worth of shares, while six other executives bought a combined total of over $1 million as well. While it's certainly a good sign for investors to see management putting its money where its mouth is, Brendan still doesn't find the company compelling. The integration of Continental has been slower and has had more hiccups than expected, and operating margins and passenger revenue per available seat mile were lacking last quarter. Overall, this is simply an industry with poor overall dynamics that long-term investors should largely stay away from.
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The article Huge Insider Buying at This Airline originally appeared on Fool.com.Brendan Byrnes has no positions in the stocks mentioned above. The Motley Fool has no positions in the stocks mentioned above. Motley Fool newsletter services recommend Southwest Airlines. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.