I think Wilkerson has 4M shares left, trusts included.EVC probably doesnt have the cash or will to buy him out. Most worrisome was the CFO dumping near 70k Shares A Couple weeks back. Walter sold too. That was disheartening. I think they pay him $1M salary not to sell but he sold anyway. several directors as well. It hard to figure what they are thinking.
He does have indirect control over between 3.4 and 3.5 million more shares in two family trusts that aren't being liquidated or sold at present. He still shows 832,309 shares directly in his automatic trading plan. This is the amount being sold every two weeks+/- at 50,000-80,000 shares at a time. DaninFW
I figure if Wilkerson (founder & current director) thinks $3-$7 is a good price to sell, he probably will liquidate his trust's 3+ million shares as well. What do you think?
It depends on how the trust was set up. I don't doubt he could sell them if he chose to do so. In fact, it would be smarter to diversify in most cases. DaninFW
I just got another 11,401 shares at $5.98 at the close in four trades. I just see downside on EVC at $5.50-$5.75 and upside of $7.00-$7.25.........good odds for a trade. DaninFW
Double down. Nice.
While the downside might be limited to $5 or high $4 for the next couple months I'm not too sure about the upside. People have to start thinking about 2015 soon, which doesn't look good. Also the EPS from world cup will be tainted with the overhang that this is the last world cup EVC will see for at least 12 years. It feels a bit too pricey/risky for me given concerns around the longer outlook coming into focus.