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Non-Tech : Gentex (GNTX) -- Ignore unavailable to you. Want to Upgrade?


To: Mark Brophy who wrote (169)2/28/1999 4:49:00 PM
From: Robert Henry  Read Replies (2) | Respond to of 196
 
Mark, I hear what you're saying but not sure if those insider sales are meaningful. Perhaps I'm reading them incorrectly. Here's what I see:

Fred B., Chairman, the largest seller selling only 4.5% of his total holdings in Dec. '98. It's also the only sale listed by Fred B.

Jen E., VP, sold 12,000 shares in Dec. '98, which were an option exercise

John M., VP, sold approx. 36,000 shares in Dec. '98, which were an option exercise

Kenneth L., VP, sold 20,000 shares in Dec. '98, but it looks like his indirect holdings are increasing

Leo W., Director, sold 20,000 shares in Dec. '98, which were an option exercise

If my interpretations are flawed, please let me know.



To: Mark Brophy who wrote (169)3/3/1999 2:37:00 PM
From: Turs  Read Replies (1) | Respond to of 196
 
"I'm staying away from Gentex and Donnelly. "

Hey Mark - Why don't you stay away from this board too! Seriously, what are you doing here if you don't like either company (and I assume you aren't short)? Wouldn't playing solitaire with a deck of cards be more productive?

You clearly don't understand anything about insider trading. In general, insiders sell for all sorts of reasons: a house, college tuition for kids, diversification of their portfolio. More specific to GNTX, Fred Bauer and Ken LaGrand probably have 80-90% of their net worth in this company so selling some shares doesn't concern me. Enoch Jen sells all the time and his sales are usually poorly timed. With that said, the stock more than doubled off its late summer low so it's not unreasonable to expect a few shares to come out.