Hi Kim,
Firstly we must consider how the respective stocks have performed – PGH has fallen by more than 80% over the last 5-years, making all-time lows this month whereas WTC has rallied more than 10-fold over the same period posting fresh all-time highs this month.
PGH $1.35 – insiders have really stepped up their buying this month around $1.60, a great sign in our opinion. We like this packaging business with a valuation of 6.7x based on Est 2023 earnings, plus its Est ~7% yield over the next 12-months feels compelling BUT the stock keeps falling. Our “Gut Feel” is accumulating in the current area will pay dividends for the brave but there are no catalysts except the directors buying at this stage.
WTC $55.03 – this cloud-based logistics software solutions businesses CEO Richard White has been drip feeding stock into the market for several years but he still owns over 37% of the business! We still like the stock but are conscious that its run hard and isn’t cheap.