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Investment Ideas Insiders buy as Premium Brands retreats from all-time high

Today we revisit Premium Brands Holdings Corp. up more than 60 per cent since we wrote about it last year on August 15. The stock hit an all-time high of $59.81 on May 11. The next day, the company reported quarterly EPS of $0.34 versus $0.15 year ago. However, investors sold on the news and the stock dropped 8 per cent on the day. Two insiders have subsequently bought a total of 3,500 shares at $55.00. The company remains in the INK Canadian Insider Index, which had its semi-annual rebalancing on Friday.

Ted Dixon is CEO of INK Research, which provides insider news and knowledge to investors. For more background on insider reporting in Canada, visit the FAQ section. Securities referenced in this profile may have already appeared in recent reports distributed to INK subscribers. INK staff may also hold a position in profiled securities.

Infographic reflects public-market transactions of common shares or unit trusts by company officers and directors.

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