Stock is a bargain at current prices. Oversold and too much short selling based on negative revenue/inventory reports. Insiders accumulating at $9.41. Shorts need to cover by end of 2nd Q so that they won't be hit by stock price increase due to summer figures when they come in.
The strategy is in place. The patient will be rewarded!
Insider buying ocurred from 1/24 - 1/31. Chairman now owns over 50% of the company!!!!
What a coincidence!
Check the negative news published! Is this financial signaling to move the stock or what?
Oakley Inc.
Bausch & Lomb Says Oakley Settlment Has No Impact On Opers
Dow Jones News Service--March 5, 1997
Oakley Inc. Settles Lawsuit With Bausch & Lomb Unit
Dow Jones News Service--March 5, 1997
Insider Trading Spotlight
The Wall Street Journal--February 26, 1997
Oakley Inc. Chmn Jannard To Buy Up To 1M Shrs In Open Mkt
Dow Jones News Service--February 18, 1997
Earnings Surprises
The Wall Street Journal--February 7, 1997
Oakley Inc. To Begin Direct Distribution In Japan
Dow Jones News Service--February 6, 1997
Oakley Inc. 4Q Net 5c A Share Vs 13c
Dow Jones News Service--February 6, 1997
Oakley Sales Fall 8.6%, With Net to Be Below Forecasts of...
The Wall Street Journal--January 27, 1997
Oakley Inc. Puts 4Q Net Below Analyst 9c/Shr Views
Dow Jones News Service--January 24, 1997
Source: Wall Street Journal Comapny Briefing Book @
interactive4.wsj.com
News release:
Oakley Inc. Chmn Jannard To Buy Up To 1M Shrs In Open Mkt
Dow Jones News Service--February 18, 1997
IRVINE, Calif. (Dow Jones)--Oakley Inc. (OO) Chairman and President Jim Jannard intends to purchase up to an additional one million Oakley shares from time to time in the open market, subject
to market conditions.
In a press release Tuesday, Oakley said Jannard also advised the company he has completed the purchase, reported Dec. 16, of one million Oakley shares. That purchase increased Jannard's
ownership stake to more than 50% of Oakley.
Oakley stock was trading Tuesday up 1/4 to 9 1/4 on volume of 454,000.
Oakley designs, manufactures and distributes high-performance eyewear. |
