Pick Up This Cheap 10.7% Yielder Even Lower Than Vice President Sherman Did

There's an old saying on Wall Street about insider buying: there are many possible reasons to sell a stock, but only one reason to buy. Back on September 24, DoubleLine Yield Opportunities Fund's Vice President, Jeffrey J. Sherman, invested $130,300.00 into 10,000 shares of DLY, for a cost per share of $13.03. Bargain hunters tend to pay particular attention to insider buys like this one, because presumably the only reason an insider would take their hard-earned cash and use it to buy stock of their company in the open market, is that they expect to make money.