>>>Gelman recently filed to sell 200,000 more shares,<<<
Just a small correction......Gelman sold those 200,000 shares already......those filings are made after the fact and are usually due by the 10 th of the following month after the sale....therefore the stock has been in the float and on the street for some time already.
Gelman currently still owns 146,430 shares of MSON. He was in large part, just a seed money investor in the company and got the bulk of his holdings (over 500, 000 shares) at around 1 dollar...... He made approximately 16 million dollars in 1 1/2 years. Personally, I would be selling a large part myself if I made that kind of cash!!
I don't believe any long term investor should be scared out by Gelmans having sold. the fundamentals of the company remain better than they have ever been, and earnings are expected soon, and should be another record quarter. Going forward into next year MSON is still greatly undervalued given the earnings track record for this year, and the expected growth for next year. I think fair value would be around 30-35$ if the company earns the expected $1.80 next year(thats before the split prices). Since stocks always tend to overshoot targets, it would not surprise me to see MSON trading at $40 (or 26 -27 after split) at some point next year. I think these are reasonable numbers, but of course they are just my opinion. I also think that this price today of 16 dollars before the split is a truly great opportunity to increase your position, or begin a new one........best of luck.....;^)
P.S. If I remember correctly, Gelman has been selling shares since the stock was as low as 9 dollars! all the way up to 23.......so he really does not know where the top is, he is just taking money off the table as the opportunity pesents itself......probably building a nice new mansion of a home on the North Shore of Long Island where he can dock hids new sailboat....;^) |
