Gordon & Co Lp/ny Angelo

Gordon & Co Lp/ny Angelo discloses dealings in 3 companies, chiefly Thermadyne Holdings Corp /DE, Fairpoint Communications Inc and C&D Technologies Inc. We count 8 filings; the first trade dates from 3 February 2006 and the latest from 19 May 2011.

The open-market side counts 3 purchases for €3.7M alongside 4 sales for €8.2M. The totals exclude 1 filing filed without an amount. Unlike grants, an open-market purchase is paid for by the insider, at the market price. In 2011 alone, the filings show 2 purchases and no sales.

Most recently, on 20 May 2011, the filings show an open-market purchase worth €1.1M in Fairpoint Communications Inc. Between a trade and the moment it shows up on SEC (Form 4), the median delay is 3 days. US insiders must file a Form 4 within two business days of a trade. A sale on its own says little: insiders also sell to pay tax, fund a purchase or diversify. Source: insider filings from SEC (Form 4). Past trades are no guide to future returns.