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  • martha_steword martha_steword May 30, 2003 11:28 AM Flag

    Insider Sells 77,916 of USA INTERACTIVE

    Insider Sells 77,916 of USA INTERACTIVE (USAI)
    05/27 5:29 pm (DJ)
    Story 6798 (USAI)
    SOURCE: Form 4

    ISSUER: USA INTERACTIVE SYMBOL: USAI

    FILER: PLEASANTS JOHN TITLE: President, Info. and Svcs. TRANSACTION: Sale (Option Related) 77,916 5/23/2003 $35.50 -35.90 OWNERSHIP: 0

    The Form 4 is filed with the Securities and Exchange Commission by any

    insider buying or selling their company's shares. This form must be

    filed within 2 business days of the transaction.

    Insider Data Source: Washington Service (info@washserv.com or 202 -778 -1380)

    (END) Dow Jones Newswires

    05 -27 -03 1729ET

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    • If the insiders "know it" as you infer, why aren't they selling everything? Why aren't they selling the marjority of what they own? Diller owns over $1B in stock, yet has sold only 4.5M shares recently, kaufman owns millions of options and still holds the vast majority, etc. Name an executive still employed and you'll find that they are holding the majority of their positions, not selling. What they know is that they have collected valuable companies with outstanding growth potential, although ones that come with a margin of risk as well. Up to you to decide when the stock has gotten ahead of itself in the short term or when the risks of the different subs outweight the growth potentials.

    • but_i_play_one_on_tee_vee but_i_play_one_on_tee_vee May 30, 2003 12:27 PM Flag

      You're kidding, right?

      You think this stock is going to continue to rise over the coming months and years? This was a short squeeze. The insiders know it, and they are selling it.

      USAI is priced for 2010's earnings, assuming that the company actually makes the profit that claim to have coming.

    • So the man is selling some stock...BFD.

      If I had millions and millions in one stock I'd sell some off and diversify too. It's just good business. Officers in all corporations do this....What is your point?

    • Old news if you have read previous posts. Based on the # of options he has, this is not significant. Sometimes, people need cash, and they cash in their options

 
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