InsiderScore.com Publishes Comprehensive List of Corporate Insiders with Pledged Securities
Monday, October 13, 2008 3:08 PM
Symbols: BSX, CCE, CHK, CPB, EBAY, MGM, ORCL, SD, TOL, XTO

PRINCETON, N.J., Oct. 13 /PRNewswire/ -- InsiderScore.com (http://www.insiderscore.com), the leading provider of insider and institutional trading data, analytics, and research, announced today that it has released a special report examining companies where executives and directors have pledged large amounts of company shares as security.

The report, entitled, 'Insider Margin Exposure,' was compiled utilizing regulatory disclosures and includes over 80 companies where insiders have pledged shares as security for revolving lines of credit, margin loans, and other credit facilities, including SandRidge Energy (NYSE: SD), Toll Brothers (NYSE: TOL), eBay (Nasdaq: EBAY), Campbell Soup (NYSE: CPB), MGM Mirage (NYSE: MGM), and Oracle (Nasdaq: ORCL).

'Corporate insiders, especially large shareholders, routinely use stock they own as collateral for lines of credit and some buy shares utilizing margin accounts,' Ben Silverman, Director of Research for InsiderScore.com, noted. 'It's important to recognize that insiders who have pledged stock as security have not necessarily drawn on a line of credit or margined any shares. However, we believe it is also prudent to be aware of companies where a percentage of outstanding shares have been pledged.'

In recent days, there have been a number of large margin call related stock sales by insiders. The 'Insider Margin Exposure' special report examines margin call related sales at Chesapeake Energy (NYSE: CHK), Coca-Cola Enterprises (NYSE: CCE), Boston Scientific (NYSE: BSX), and XTO Energy (NYSE: XTO), among others.

'The recent market volatility has forced a number of insiders to sell stock due to margin calls or to pay down debt collateralized with company stock. We expect the trend to continue,' said Silverman. 'Additionally, there is evidence which suggests that some insiders with potential exposure to margin calls have tried to get ahead of the calls with sales or other transactions aimed at raising cash.'

The InsiderScore.com service is designed for institutional investors.

Institutional Investors who would like a copy of this report or to trial the service should contact Len Carmichael at len@insiderscore.com or 1-866- 400-9595.

About InsiderScore.com:

Founded in 2005, Princeton, NJ-based InsiderScore is the leading insider and institutional trading data, analytics and research service. Utilizing proprietary methodology and algorithms, InsiderScore turns unstructured information into actionable investment data allowing professional investors to gain important insight into company-, sector-, industry- and market-wide trends. At their disposal, users have powerful quantitative and qualitative tools such as transaction scoring, 10b5-1 Monitor, Insider IQ, SuperFunds, Company Drill Down, and exclusive research. Over 300 of the world's leading institutional investors utilize InsiderScore to generate investment ideas, save valuable time, and streamline their research process. To learn more, please visit www.insiderscore.com .

NOTE: This release was published by Indie Research Advisors, LLC (CRD #131926), a registered investment advisor with the NASD and State of NJ. Past performance does not guarantee future results. Investors should always research companies and securities before making any investments. Nothing herein should be construed as an offer or solicitation to buy or sell any security.

Contact: Ben Silverman, 1-888-428-6718

SOURCE Indie Research Advisors, LLC

(Source: PR Newswire )

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