Don't Park Your Money Here

Over the past few days, a Standard Parking (STAN) exec -- board member Robert Roath -- bought 20,000 shares of the stock, thus substantially boosting his holding to a little over 90,000 shares. Most recently, Roath had picked up shares at slightly higher prices, in late December 2012. As a general rule, insider purchases can be a useful tell for a company, and that's why we track them: In theory, insiders should normally be reluctant to buy the company's stock, as this would further increase their company-specific risk. That aside, studies have shown small outperformance for stocks that have enjoyed insider buying.

Turning back to Standard Parking, the $470 million company operates parking facilities in urban areas and at airports under leases or management contracts -- but it does not own any of these facilities itself. First-quarter revenue doubled year over year, but this was almost entirely due to the company's takeout of KCPC Holdings, the owner of Central Parking....388 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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