InfoSpace (INSP): Where GNET went! Message Board

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Technology Stocks : InfoSpace (INSP): Where GNET went!

INSP 130.34

+11.2%

Nov 25 3:59 PM EST

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To: Puck who wrote (22785)	12/14/2000 9:18:48 AM
From: Hawkmoon	Read Replies (1) of 28311

Anyway, why would an employee leave? The only reason that would come to mind would be to join a new firm offering better options, with a promise of going public within 12 months. This is the churning that occurs in the IT sector... some companies fail, but other start ups are lurking just over the horizon offering the next greatest technological boom. But overall, I would rather stick with INSP, than AMZN, or even MSFT (too big). What I think would be savvy on INSP's part would be for them to sell January10 puts on their stock in this range. They would collect a nice cash premium of $1/share, and help support the stock price. And more ominous is that the April 10s are selling for $2 7/8.. That means someone is paying nearly $3 bucks for protection against the stock going below $10/share by April. CBOE symbol for INSP is IOU (ironic, isn't it?) quote.cboe.com quote.cboe.com It would derive some extra income on one hand, but also lessen the total outstanding shares should someone excercise that put and force INSP to rebuy their stock. And it would prove to be a hedge against some of those new employee stock options falling below their strike price, assumably if they are issued in the $10-20/share excercise range. MSFT apparently has an aggressive program of selling puts on their stock in combination with buybacks. The ideal time to do this is when the stock price is near long-term support, like it is now. Regards, Ron

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