I thought Bass took a major stake (+5%), or 2.5+ million shares, so I doubt they sold the 1.6 million last week. All or none with those guys, I'd think.
I also don't think it was CEO Lawton, who's been dumping his stock for months and has, according to Yahoo, something like >20,000 left. I guess he needed to diversify ; ).
Anyway, it's all a big ugly mystery at this point. The dark underbelly of a failing biz running out of operating cash hanging by a thread. Meanwhile, as much as I hate Nordicktrack, I think S & H is the leverageable asset. Allowed to grow, they'll do over $100 million next year with a nice margin.
Move over Amazon, step aside Egghead....here comes Smith & Hawken ready to exploit the INTERNET angle...let's just hope they get the chance.
twisting in the wind,
BV |
