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Zillow, Inc. Message Board

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  • o08o.ugh64w o08o.ugh64w Sep 14, 2012 5:10 AM Flag

    Another 4 milion shares are dumped to market as secondary offering

    Quite a way to justify it. Have to admit, it's the first time I've ever seen someone use such reasoning. Unfortunately, I can't agree with it.

    Regarding secondary and more shares for institutions to buy - why would anyone care how many shares are available for institutions to buy? Those shares represent portions of your shares. You've been diluted - you personally own less. Do you feel happy that a portion of your shares were taken and made available for institutions to buy?

    As far as insiders selling being good reasoning it's less of a closely held company and more accountable to shareholders - what color is the sky in your world? Since when have you ever seen management accountable to shareholders? Ever notice how proxy votes on management compensation are non-binding? Only for advisement purposes. Management is accountable to management. If they own less, it means that they have less skin in the game, which is a bad thing. Management cares about themselves, and like anyone, they put their motives ahead of everyone else. If they own less of the company, they have less reason to do what's best for the company.

    You may be wedded to your shares and might want to take a step back and review your reasons for owning shares in this company.

    I have absolutely no ownership here, I have absolutely no view on the shares or the business, just commenting on the insider sales as I see them. It's not a good thing.

    Good luck.

 
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