5 Stocks Insiders Are Jumping Into
On the flipside, I would avoid MCP or look for short-biased trades if that breakout fails to trigger soon, and then it takes out some major near-term support levels at $19.49 to $19.11 a share with heavy volume. A high-volume move below those levels will setup MCP to trade into new 52-week-low territory, which is bearish technical price action. Tempur-Pedic
Another name that insiders are loading up on here is consumer goods player Tempur-Pedic (TPX) , a manufacturer, marketer and distributor of premium mattresses and pillows, which it sells in approximately 80 countries under the TEMPUR and Tempur-Pedic brands. Insiders are finding some deep value here since this stock has plunged 55% so far in 2012.
Tempur-Pedic has a market cap of $1.5 billion and an enterprise value of $1.92 billion. This stock trades at a cheap valuation, with a trailing price-to-earnings of 7 and a forward price-to-earnings of 7.87. Its estimated growth rate for this year is -16.4%, and for next year it's pegged at 12.4%. This is not a cash-rich company, since the total cash position on its balance sheet is $134.02 million and its total debt is $566.17 million. After you back out the cash, Tempur-Pedic has a total of $432.15 million in debt on its books.