Insider Buying at this Company. Time to Get In?
As the year comes to an end, and I start preparing my 2013 investment strategy, one company draws my attention in a very particular way. Zipcar (NASDAQ: ZIP) is considered the world’s leading car-sharing network with more than 10,000 vehicles and 767,000 members across 20 major metropolitan areas, 300 college campuses and counting. I became interested in this company back in July of this year and decided to put it on my radar to learn more about their business model and the potential ahead. As the weeks passed and the results from operations for 2Q12 were announced, investors punished the stock sending it from $10.63 on the day before the earnings release to $6.75 just one day after. During the three following months it continued to decrease its price tag to as low as $6.00 a couple of days before the third quarter earnings release. On the 3Q12 earnings call, several good pieces of information were given. Among them; full year guidance was raised (not by much but it’s always good...