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Biotech / Medical : Agouron Pharmaceuticals (AGPH)

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To: PAL who wrote (4328)5/20/1998 1:47:00 AM
From: George T. Santamaria  Read Replies (2) of 6136
 
I believe that the reason the insiders are selling is that they have expiring stock options.

Maybe what's wrong here is that the option plans are a bit too generous. After all I noticed that some form of dilution, probably stock options, brought the 0.45/share earnings for the recent quarter down to $0.41. Management should be generously rewarded when they work as hard as AGPH has, however, there should be incentives to keep them working hard. If the plans are too generous, they'll stop taking risks and they won't worry about what Wall St. thinks.

Someone care to comment on what's going on with stock option plans?

BTW, I have to laugh when a major brokerage house sets a target and does not hold themselves accountable when they miss by the country mile that both Elise Wang of PW and MS's Doug Lind have.
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