beerbaron Posted October 16, 2009 Posted October 16, 2009 For those interested those insiders bough Preferred Class C shares: Cloutier, Jean 1000 shares @25$ La Selva, Vincenza 4000 shares @25$ Taylor, David Gregory 10000 shares @25$ Williamson, Marilyn Jane 1200 shares @25$
StubbleJumper Posted October 16, 2009 Posted October 16, 2009 Hmmm.... I wonder why insiders would choose to buy the preferreds? In particular, if Prem is sincerely targetting a 15% annual growth in book value, and if his management team is on the same page, then there should be no reason for them to buy the preferreds through this offering rather than simply buying the common on the open market. The common should be far more compelling. Am I thinking about this too hard? SJ
Tommm50 Posted October 16, 2009 Posted October 16, 2009 It seems three of the four purchases are trivial and the fourth not substantial either. It's hard to draw any conclusions from this.
oec2000 Posted October 16, 2009 Posted October 16, 2009 Hmmm.... I wonder why insiders would choose to buy the preferreds? In particular, if Prem is sincerely targetting a 15% annual growth in book value, and if his management team is on the same page, then there should be no reason for them to buy the preferreds through this offering rather than simply buying the common on the open market. The common should be far more compelling. Am I thinking about this too hard? Hi SJ, There are all sorts of possible reasons why pfds may suit their particular purposes better than common - e.g. overconcentration in common, funds they need to use within the next few years, fixed income portion of portfolio, etc. So, I think you are thinking too hard. :D You need to take a vacation. JK. oec
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