For those interested:
During the past three months, Amazon insiders have filed 144 forms to free up 765,000 shares for sale on the open market:
insiderselling.com
To date, those employed in top management positions at Amazon have sold $143 million in stock:
Name Title Total BEZOS, JEFFREY P. Total CEO $22,770,000.00 BRANNON, KELYN J. Total CFO $864,720.00 COVEY, JOY D. Total CFO $19,419,825.00 RISHER, JOHN DAVID Total SR VP $30,813,000.00 APOSPOROS, GEORGE T. Total VP $1,268,820.00 BRITTO, MARK J. Total VP $968,500.00 DALZELL, RICHARD Total VP $23,537,500.00 KAPHAN, SHELDON J. Total VP $5,680,400.00 MOROUSE, MARY E. Total VP $9,076,582.00 SHRIRAM, KAVITARK R. Total VP $13,291,000.00 SPIEGEL, JOEL Total VP $4,120,000.00 SPIEGEL, JOEL R. Total VP $4,207,200.00 WRIGHT, JIMMY Total VP $7,545,000.00
Things have gotten so bad that even TMF even published a "negative" article on Amazon today:
biz.yahoo.com
Per the article, Amazon has issued a total of $2 billion in convertible bonds. The conversion price for the European bonds is $95 a share, while the conversion price for the US bonds is $78 a share. Until the bonds are converted (if they ever are) Amazon must pay $102 million a year in interest on the bonds.
Anyone shorting at 45 1/2?
-Eric |