Thursday, December 27, 2007

More Insider Buying at Jupitermedia Corp. (JUPM)

There was another insider buy reported today at Jupitermedia Corp. (more charts at JUPM).


Click Chart to view full sized chart courtesy of Stockcharts.com

JupiterMedia is not a cheap stock on PE and PEG, but you have to take notice of a stock when insiders keep buying it, especially AFTER it has made a major move from under $1.00 to over $20 before correcting (we hope) to less than $4. Perhaps the very low price/sales and price/book ratio is what has insiders buying?

  • Current Valuation metrics from Yahoo!

    Market Cap (intraday): 134.75M
    Enterprise Value (27-Dec-07): 216.23M
    Trailing P/E (ttm, intraday): N/A
    Forward P/E (fye 31-Dec-08) : 32.42
    PEG Ratio (5 yr expected): 8.48
    Price/Sales (ttm): 1.13
    Price/Book (mrq): 0.66

    Enterprise Value/Revenue (ttm): 1.56
    Enterprise Value/EBITDA (ttm): 8.954
Classification of Insider: Dir/10%/OFCR/ Chair & CEO
Name: Alan Meckler
$15k = Value of I-Buy trade(s)
4.0k = Number of Shares
$3.64 = Average Price Paid
$3.74 = Recent Stock Price (delayed)
112k = Average Daily Volume (composite timeframe)
$131M = Company Market Capitalization
2007-12-24 = Purchase Date
2007-12-27 = Filing Date

Form Four Document (top link on page -- ".html"):
SEC Main Page for Form 4 Filings


Click to view full sized chart courtesy of Stockcharts.com

Insider selling is not nearly as important to monitor as insider buying.

From SEC Form 4 "Explanation of Responses"
1. Mr. Meckler now indirectly owns 3,771,973 shares: 1,328,013 shares held in trusts for the benefit of Mr. Meckler's four children and over which Mr. Meckler exercises investment control, 1,046,125 shares are held in the Alan M. Meckler 2007 Grantor Retained Annuity Trust over which Mr. Meckler exercises investment but not voting control, 953,875 shares are held in the Alan M. Meckler 2007 Grantor Retained Annuity Trust II over which Mr. Meckler exercises investment but not voting control, 259,000 shares donated by Mr. Meckler to the Meckler Foundation, a non-profit charitable foundation founded by Mr. Meckler and for which he acts as a trustee, 11,900 shares purchased by the Meckler Foundation, 114,960 shares purchased by Mr. Meckler's wife and 58,100 shares held in trust for the benefit of Mr. Meckler's mother and over which he exercises investment control.


Other recent Insider buys:


  • 2007-11-26 = Purchase Date
    Dir/10%/OFCR/ Chair & CEO = Classification of Insider
    $35k = Value of I-Buy trade(s)
    10k = Number of Shares
    3.47 = Average Price Paid

  • 2007-11-26 = Purchase Date
    Dir/OFCR/ Pres. & COO = Classification of Insider
    $35k = Value of I-Buy trade(s)
    10k = Number of Shares
    3.47 = Average Price Paid

  • 2007-11-15 = Purchase Date
    Dir/10%/OFCR/ Chair & CEO = Classification of Insider
    $17k = Value of I-Buy trade(s)
    4.6k = Number of Shares
    3.72 = Average Price Paid

  • 2007-11-14 = Purchase Date
    Dir/ = Classification of Insider
    $183k = Value of I-Buy trade(s)
    50k = Number of Shares
    3.69 = Average Price Paid

  • 2007-11-13 = Purchase Date
    Dir/10%/OFCR/ Chair & CEO = Classification of Insider
    $31k = Value of I-Buy trade(s)
    8.1k = Number of Shares
    3.78 = Average Price Paid

Disclaimer. I bought some shares last month at $3.60 after the 11/13 and 11/16 insider buys.