Insiders Showing Faith in Resource America

In my previous article, which can be found here, I detailed why I believe that Resource America (REXI) is extremely undervalued.  Since that article, there have been two developments that have reinforced my belief that Resource America represents the chance to own a company that will without a doubt outperform the broader market in the years to come. 

First, on 6/18 both Resource America’s chairman and Resource America’s CEO each bought $1.5 million shares of Resource America in the open market.  This brings the total value of shares purchased by insiders to over $3.75 million since March of 2008.  Resource America’s chairman and Resource America’s CEO now own close to 15% of the entire company.  This kind of insider activity would be significant under any circumstances.  However, it is even more significant in Resource America’s case because it is happening duri