Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Roger's 1998 Short Picks -- Ignore unavailable to you. Want to Upgrade?

To: Roger A. Babb who wrote (1399)	1/24/1998 12:36:00 PM
From: Kip518	Read Replies (1) \| Respond to of 18691

The Form 4 sales for the WDRY December secondary were reported this weekend. Sixteen insiders sold 2,045,628 shares for $38,807,010. What strikes me as excessively negative about this company is the way it is used as a cash-cow for the owners of the private companies absorbed and for the corporate insiders (it will be interesting to see if they are selling into the recent rally -- at $10 over their secondary sales, I would expect so). Other successful companies growing through Huizinga-style purchases (two that are playing well right now are DHI [housing] & RWAY [rent-to-own]) use equity, not debt & cash. WDRY's approach clearly seems to be building the house with cards. Ron