Did not catch it all but I think I heard that DW sold about 4% of his holding - 450,000 shares
Marshall, allow me to present an opposing viewpoint: Four percent -- that's hardly dumping, is it? I mean, let's let the guy actually liquidate some shares and take some well-deserved cash out of this. That is the point of this whole exercise, after all. Yes, $81 million catches the eye, but, as you note, it's only 4 percent. And as long as he's careful with his sell programs to avoid downward pressure on the stock, I have no problem. Now if he dumps 25 percent....
In general insider selling for any reason is not positive.
I think that's a terribly broad generalization. Why do executives start and IPO these companies for, if not to eventually take some profits? You can't spend stock certificates. Responsible, regular selling is justifiable and not an issue of concern. Besides, insider selling is a far less reliable indicator than insider buying.
Thanks for bringing this to our attention, though. I appreciate it.
Scarecrow |
