Pocket change for him but still large enough to make you think
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Well, let`s not think about the immoral/illegal side of things. The shares are his to sell so he can do whatever he wants, but the question is, who buys them? Who is that daft and doesn't see the company is not going anywhere, loosing contracts every day or in exit and not getting any new ones. This is what I would call a bad investment.
Whilst not illegal, am I only one who finds it all pretty immoral?! Hes managed to accrue nearly $64 million dollars in shares! There are some poor people who have lost their income, maybe a house,m and knock on effects to health and family are huge after being laid off! Not because the company is bankrupt or about to go to the wall but just because there are cheaper areas to employee people from so that the shareholders are making more money! And guess who is a shareholder! The bad taste of capitalism!
Yea, using wrong symbol was accidental. Not implying insider trading lol, but I don’t sell stocks that I think are going to conitnue going up either.
If you can't do math symbols, use your words. < means "less than".
Not really. Trading with 'insider knowledge' (which I think is what you are implying) would be illegal under the Securities and Exchange Commission 105b-1 or 105b-1(c) which prohibits purchase or sale of a security on the basis of non-public information.
So he'd have had to have submitted a plan for the year (a 105b-1 plan) or a 'trading plan' in advance of any trade with either a specific date or price at which to effect the transaction. Either that or operate within a window just after the public release of a quarterly report, so that the information about the company is made public first.
Selling large amounts of stock (which $1m isn't) at any one time would send the wrong message to the community, so a plan to liquidate 1000 shares per month over a year and all these trades would be automatic. But I don't see a constant trend of sell, sell, sell.
There's still another 2 years of selling off estates, people and reducing legacy contracts, which means there's still more juice to squeeze into his cup yet. Once its all gone then either growth will magically appear or not. Investors aren't bothered either way, as long as they continue to make their dividends. Some savvy ones might look at the reports and the trends and think its not growing fast enough or look out for the pivot point when it starts to look like its taking a continuous dive and decide whether to ride it out or run. Over the past years the stock value has continued to grow, but there isn't a lot of organic growth in the business, so investors will know the cash cow could end by the close of 2020 and Laurie will then have to decide then to split or sell the entity. Of course, with lean machine and costs under control, the unthinkable might happen - growth. But its a high risk that you can keep your big clients whilst you ride this out.