Power-One (PWER) is a supplier of power-conversion equipment in the telecommunications sector, which has been all but written off. But company insiders seem to think differently.
Power-One's officers and board members may have signaled that the stock's performance hit bottom in September when they loaded up on more than one million shares at prices of $2 to $3, near the year's low.
The price has since doubled, and several analysts say it could go higher. Masroor Siddiqui of investment bank Jefferies & Co., notes that sales have risen for three straight quarters, a positive sign. The company's small amount of debt is less than the industry average, and it holds more than $100 million in cash.
Plus, the insider buying continues. Board members have snapped up shares at market price as recently as January 27.
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