Westport Innovations (WPRT) Insider Buying!!!

Westport Innovations is back on the radar! I just got done performing my daily research of my current holdings and I came across some information that must always be shared.  That's right!  Insider buying. 

I'm surprised I didn't catch this over the weekend, but Kevin Douglas one of the largest shareholders purchased 500,000 shares or $22.3 million worth of stock.  That is by far one of the largest insider purchases I have ever seen.  The last time Kevin Douglas purchased stock was back on 07/16/2010 at much lower prices.  Obviously, this guy made a ton of money since then!  This recent purchase shows tremendous confidence in WPRT!  $22.3 million worth of confidence.  That's a lot of money to put on the line no matter who you are.  Although, the stock has run up almost 10% since the buy, this purchase adds to the positive outlook for WPRT in 2012.

Money has been pouring into this company like crazy!  Since the beginning of the year this stock has run up +46.54%  All I can say is cha ching... $$$

Have a great night!  Below is an update of my Monster Portfolio as of Friday 03/16/12

MONSTER PORTFOLIO 2011

Balance: Inception 01/07/11
$1,977.32 Stock
$13.65 Cash
Total $1,990.97

Balance: As of Friday 03/16/12

$2,988.66 Stock
$8.96 Cash
Total $2,997.62

Since Inception: 20.15%

Back out cash inflow and we have a balance of $2,392.12

Clay-

Full Disclosure

Current Holdings:

Cosi Inc. (COSI)-Monster Portfolio
Caterpillar (CAT)
Procter & Gamble (PG)
Westport Innovations (WPRT)
Weatherford International (WFT)-Monster Portfolio
Kinder Morgan Energy Partners (KMP)

First Monster Portfolio Purchase Of 2012

Welcome back everyone!  I made my first purchase of 2012 in my Monster Portfolio. And the winner is Weatherford International (WFT).  I had the day off from work today and was able to buy some WFT on weakness.  I have watched this stock rise and rise through the month of January and I decided to get in on the action! 

Weatherford reports earnings next Tuesday 02/21/12 and I plan to utilize this day to try and make some money.  2012 will be another solid year for energy stocks and I ran the numbers on WFT and from the projected 2012 EPS this stock should be trading near $25.00 by the end of 2012.  Currently WFT is trading around $17.25 a share.  From the numbers I believe WFT has the potential to go much higher! A potential return in excess of 40% by year end. Obviously, this is based on projections, but if I'm half wrong this stock will be trading at $21.00  a share.  I'm sure everyone wouldn't mind a 20% return on investment.  That being said I bought a small position today at $17.27 a share.  This stock has run up huge, but I still have plenty of money to spend if this gem heads even lower. 

Also, I purchased some Caterpillar (CAT) today in another account.  I mentioned last week that a good starting point to buy would be between $105-$110 a share.  I'm not sure it will get there!  I did a some more research and I uncovered that an insider purchased 1,000 shares of CAT stock back on 02/07 at $113.05 a share.  This changed my mind!  Large insider buying is added confidence that this stock will go higher.  As I always say insiders buy stock to make money just like us.  That being said I purchased some CAT stock at $114.06 a share.  I ran the numbers and this stock should be trading north of $140.00 a share by year end.  Another potential return in excess of 20% Bring it on!!!!!!!!!!

Clay-

P.S. Apple closed at $509.46 a share. (52 week high) LOL!  So much for buying this stock at $435 a share.

Full Disclosure

Current Holdings:
Cosi Inc. (COSI)
Caterpillar (CAT)
Procter & Gamble (PG)
Weatherford International (WFT)
Kinder Morgan Energy Partners (KMP)