If I have correctly copied and pasted the data from the lower table on this link, they have invested less of their own money this year than last. This year, through 6/12/2008, they purchased 74,100 shares at an average price of $31.50, for a total purchase price of $2,333,859. In the same interval, they sold 33,096 shares at an average price of $31.52, for a total sales price of $1,043,235. Net investment this year has been $1,290,624. In the same period in 2007, through 6/12/2007 (OK, there was an extra day in 2008), they purchased 133,500 shares at an average price of $42.73, for a total purchase price of $5,704,428. They exercised options for 207,236 shares at an average price of $30.29, for a total purchase price of $6,276,774. They sold 196,935 shares at an average price of $46.77, for a total sales price of $9,210,037. Net investment was $2,771,165. They invested more last year than this year; $1,480,541 more. These are raw data. There are many investors on this board more astute than I who might read something into these data.
The CEO has about 1,700,000 shares. THat is worth about $34,000,000 at yesterdays price. Tell me he has no interest on the price of the stock. Also, with them approved to buy $500,000,000 of shares, when it gets under book value they will certainly buy and cause a pop on the stock price. I think it is very danger to short ACAS at the current value. The damage is done, Shorts have to move on or will lose money..