Unifi (NYSE: UFI) is a play on the polyester’s increasing market share of global textile fiber consumption and rising demand for environmentally friendly consumer products. However, its share price surge year-to-date, resulting in a forward P/E of 32, makes this stock too expensive.
Formed in 1969, Unifi is a diversified producer and processor of multi-filament polyester and nylon textured yarns and related raw materials. It sells to other more »
We monitor insider purchases by company officers and Board members because statistically these purchases tend to be associated with higher returns (see our discussion of studies on insider trading). We think that this is because insiders already depend on good performance at the company; in order to ignore the benefits of diversification, they must be particularly confident that it will do well. Here are some insider purchases that we have more »