Welcome back all.
I mentioned the insider selling early last week,
well here's an article from Bloomberg on that topic which is very interesting indeed.
The rats are most definitely jumping ship now, after the most rapid appreciation in stock valuations in years.
It would be very interesting to find out if they are selling stock granted as part of year end compensation for 2018.
It's a nice scam to run in a public company;
Institute a big stock buyback program to massage the EPS figures,- increasing shareholder value don't you know!
Borrow heavily on the back of company to fund said program.
Next step, grant yourself a nice bonus using the stock you bought back.
sell the stock back into the market again and reap the rewards.
In the end, the company is loaded up with debt and the shareholders are left to cover the losses.
This is outright fraud in my book!
And this is bubble behavior at its best! Enron? Countrywide? Bear sterns?
Down to business.