Growth And Value
19 years ago
Insiders are Buying GEMS
Monday , May 16, 2005 13:56 ET
Glenayre Technologies (GEMS): Bruce Bales, President, Messaging Business, bought 10,000 GEMS shares on Friday at $2.74. A director, Donald Bates, added 1250 shares at $2.72 to his holdings. One week ago, the Company announced the acquisition of Universal Music's CD & DVD manufacturing operations. The deal is expected to produce an immediate positive cash flow according to the company.