To: Raj Ramaswamy who wrote (91959 ) 8/30/1999 1:54:00 PM From: If only I'd held Read Replies (2) | Respond to
FATB, let me tell you what I think. There are some insiders that have been sitting on their stock for about a year now and have watched it go up, and back down, and never got to sell. This is like free money to them. The earnings that just came out were rather decent and there are plenty of institutions involved with strong buys on the stock. My guess is they are taking in those insider sales but they are not paying a premium for them. The question is, are they flipping them right away, or are they holding on to some of them for a huge rally later?? There is talk that FATB could do a secondary within the next year. I do not beleive they are actually in need of it right now, but secondaries are generally preceeded by huge rallies. And we all know how much the institutions love selling secondaries. The only thing that puzzles me is that RSSF has sold a pretty sizable stake today without buying back. But he may have been the one that took in the large blocks earlier. I do not think there are any individuals buying 25,000 share blocks. Sorry. But by all means, do your own diligence on the stock. It is my beleif that FATB will eventually be an easy 50-100 dollar stock. They will be able to use these intranet systems they are building to literally market and sell tons of products. And most of them higher margin products than books. The customer base is growing at an enourmous rate, but these intranets are literally still under construction, so the revenues should grow by leaps and bounds in the coming qrtrs. It is starting to come together for FATB. Today may not be the day to buy the stock, but it is definitely worth keeping your eyes on.
