| Topic Name: |
Dale to Sell Some Stock |
| Message Name: |
Dale "Diversifying" |
| Date Posted: |
03/03/2006 |
| Message: |
Well, before some of the rest of you decide to jump on this topic... a press release directly from the heart of the beast.
http://biz.yahoo.com/bw/060303/20060303005220.html?.v=1
Personal opinion: wrong message. Very wrong message. Be interesting to see which way the market moves today. 100,000 shares out of his million+ is relatively small, but it is a move that does not inspire confidence. Frankly, at this point in the firm's life, I would prefer to see the CEO accumulating stock with his own money. "Diversifying" is not a message you want to hear when the guy is still running the show. "Diversifying" means that you don't exactly have a lot of confidence that your investment will grow. It is the correct strategy for those of us will little or no net worth, but should not be the correct strategy for people who run the business. If he has to diversify for his own financial reasons, then he needs to buy his own stock holdings with his own money.
What cheeses me off is that the stock has managed to stabilize some and even slowly start moving up. I can't believe that the market will look on this favorably. But then, what do I know?
Long past time for Dale to move on.
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