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Strategies & Market Trends : Value Investing
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To: rjm2 who wrote (11844)1/13/2001 1:07:04 AM
From: Don Earl   of 78688
 
rjm,

Fred Smith is the former Leapnet CEO who took a lesser role in the merged company and recently "resigned". Insiders own 57.9% of the outstanding stock. While that might affect things when it comes to voting, it would be pretty hard to make a case for insiders not having a stake in the company. It might also be worth noting that unless Fred has sold stock which hasn't been reported yet (possible), he still holds 1.5 million shares and the sale amounted to about 6% of his total holdings. Under the circumstances I'd be surprised to see more than token purchases at best. I'd be concerned if insiders were unloading large percentages of their positions en mass, but there has been a total lack of that sort of activity.
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