Rosemary,
Glad to see that I made your day!
I am surprised though how quiet this thread is considering the significance of the news of insider buying!?! Maybe the posters here dumped their shares during the recent gyrations and are now too busy kicking themselves.
I am glad the Yahoo thread, thanx to you, has really picked up on this news. Notice the sudden end to all the gloom and doom talk about Jabil over there...
Anyway, I saw one poster on the Yahoo board question whether insiders were actually buying or dumping. Well according to Jabil's 10K report dated December 3rd. 1997, Jabil insiders owned 47% of the common stock:
>>CONTROL BY EXISTING STOCKHOLDERS
Officers, directors, principal stockholders and their affiliates own
approximately 47% of the Company's common stock outstanding. Consequently, the officers, directors, principal stockholders and their affiliates have significant control over the election of Jabil's directors, determine the outcome of most corporate actions requiring stockholder approval, and otherwise control the business of the Company.<<
sec.gov
(The above paragraph is located on either page 22 or 23 of the report.)
Since the 13G filing is dated February 16th. 1998, therefore, in little over two months the insiders increased their stake from 47% of the outstanding to over 65% of the common! Pretty bullish, don't you think?
Karim |
