New to the board here. Couldn't resist getting in at 24 on Tues.
I generally regard insider buying as a good sign, and insider selling as a moot point. Their shares are nothing more than salary in a thin disguise, fooling the IRS by giving huge executive salaries without as much penalty to the business. And fooling stockholders into thinking that they deserve what they got, because hey, if the company tanks, they are hurting right along with you. Bottom line, it is a salary expense which dilutes EPS in the end, rather than flowing through the Inc stmt, and Net Income. So if they want to spend it, let 'em.
I noticed that a great deal of the sales were at the $40/share range, and that they may be smart enough to not follow through on their proposed sales, since things have gone south. If they want to unload a bunch more at $40, great. Lets get there...
BTW, though I said I usually regard insider selling as moot, they sure do seem active...large percent of holdings as well, though I am unaware of what options will become available soon, and for whom. And remember, the biggest reason to get rid of your stock if you are an insider is to diversify your portfolio. What better proof could you ask for than QWST? Fell in half in practically no time...
Jeff |
