So, what is with the insider dispositions and sales. Especially at this price, selling for under 21 bucks AFTER the earnings beatdown...if the prospects are good, why sell now? It's not for tax purposes. I would think with the announcement of the Lake City bid next month they would want to hold. Unless they know they have a bad feeling about it. I do not want to be taken out by Alliant. We won the Radford, does anyone know why it would be more difficult to win the Lake City. That would be much bigger than the Radford deal.
I would imagine this has less to do with the contracts you mention and the prospects for OLN, and more to do with the current market,economy, and general uncertainty. Market volume recently has been low and folks are taking money off the table by leaving equities and finding more conservative investments. I agree that OLN prospects are good, but I would be very surprised if current OLN stock price could withstand a significant market correction. Those insiders probably have plenty more shares to sell if the contract comes through and the stock price appreciates, and they are managing risk. JMO
I hope so. They wouldn't be selling right now for tax reasons. I am just worried because there is a billion dollar Lake City bid that will be awarded next month. Hence waiting one month to see a quick pop on that Lake City contract is a no brainer. Hate to say, but I am going to start thinning my position. I have a feeling that Alliant might maintain that Lake City Plant.