Michael, <<It appears that 100% of the accumulation ongoing in the stock over the last few years has been by a couple of hedge funds and/or their general partners. >>
Are you commenting on the data from the link I included in my last post? It seems there are 3 or 4 buyer names all somehow with Thomas in it and they all buy together once in a while (see them below). You can click on their names on the page (see link in my last post) to see a little more description. You recognize their names? Are they all related what you said "hedge funds"?
<<I noticed Stonecipher gave away 10,000 shares. Wouldn't it be nice to have a public company that is overvalued and in which you own too many shares? Death then becomes the only inevitable.>>
It is quite common to donate stock shares instead of cash worth the same amount for a good cause also reducing tax burden. I failed to see the relevance of you comment on this particular one, either on the generosity or the chosen way of giving, to any negativity of this company or its stock.
What's uncommon with most overvalued companies is to have no insider selling for a long period of time at all. What are they holding "too many overvalued" shares and waiting for? The "inevitable death"? I would welcome your more persuasive reasoning for the leap to this conclusion, as I do hold some shares of it right now.
Thanks for your response and comments still.
Shawn
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Data from Microsoft Investor site:
moneycentral.msn.com
Date Name Transaction Num Shares Price(s) Value
08/31/99 SMITH THOMAS WILLIAM Purchased 10,000 $30.81 - 32.19 $315,738
08/31/99 TRYFOROS THOMAS N Purchased 10,000 $30.81 - 32.19 $315,738
08/31/99 PRESCOTT ASSOCIATES Purchased 7,000 $30.81 - 32.19 $220,925
08/26/99 IDOYA PARTNERS THOMAS W SMITH & THOMAS TRYFOROS AS GP Purchased 3,000 $31.50 - 31.81 $94,813
06/01/99 SMITH THOMAS W Purchased 182,500 $27.07 $5 Mil
06/01/99 PRESCOTT INTERNATIONAL PARTNERS Purchased 2,000 $27.07 $54,147
06/01/99 TRYFOROS THOMAS N Purchased 82,500 $27.07 $2 Mil
06/01/99 PRESCOTT ASSOCIATES Purchased 20,125 $27.07 $544,858
06/01/99 IDOYA PARTNERS THOMAS W SMITH & THOMAS TRYFOROS AS GP Purchased 60,375 $27.07 $2 Mil
05/28/99 IDOYA PARTNERS THOMAS W SMITH & THOMAS TRYFOROS AS GP Purchased 64,625 $25.58 $2 Mil
05/28/99 TRYFOROS THOMAS N Purchased 117,500 $25.58 $3 Mil
05/28/99 SMITH THOMAS W Purchased 117,500 $25.58 $3 Mil
05/28/99 PRESCOTT INVESTORS PROFIT SHARING TRUST Purchased 52,875 $25.58 $1 Mil
03/26/99 PETRA CAPITAL PARTNERS THOMAS W SMITH AS PARTNERS Purchased 5,000 $24.75 $123,750
03/26/99 SMITH THOMAS W Purchased 115,100 $24.75 - 31.36 $4 Mil
03/18/99 THOMAS W SMITH FOUNDATION Purchased 15,000 $28.48 - 31.36 $441,605
03/18/99 TRYFOROS THOMAS N Purchased 3,640 $28.38 - 31.25 $113,388
03/09/99 PRESCOTT INTERNATIONAL PARTNERS Purchased 3,500 $31.25 $109,375
02/17/99 SMITH THOMAS W Purchased 26,600 $31.89 $848,311
01/20/99 GRUNEBAUM PETER K Sold 3,000 $34.56 - 37.00 $107,563
01/19/99 SMITH THOMAS W Purchased 250 $34.13 $8,531
12/29/98 SMITH THOMAS W Purchased 160,250 $25.92 - 33.31 $4 Mil
12/07/98 TRYFOROS THOMAS N Purchased 160,000 $25.92 - 28.52 $4 Mil
12/07/98 IDOYA PARTNERS THOMAS W SMITH & THOMAS TRYFOROS AS GP Purchased 97,000 $26.29 - 28.52 $3 Mil
12/07/98 PRESCOTT ASSOCIATES Purchased 52,500 $26.32 - 28.52 $1 Mil
12/04/98 PRESCOTT INTERNATIONAL PARTNERS Purchased 500 $27.21 $13,606
12/01/98 PRESCOTT INVESTORS PROFIT SHARING TRUST Purchased 10,000 $25.92 $259,210
11/16/98 SMITH THOMAS W Purchased 30,000 $27.75 - 29.73 $875,395
10/15/98 BELSKY MARTIN H Purchased 100 $18.88 $1,888
09/01/98 BELSKY MARTIN H Purchased 300 $24.31 $7,294
Insider filings are updated every Friday evening on Investor and are based on forms filed monthly with the SEC. |
