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Olin Corp. Message Board

  • dejpuj8 dejpuj8 Aug 16, 2012 10:44 PM Flag

    Insider sales

    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.

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    • 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

 
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26.84+0.54(+2.05%)Jul 29 4:03 PMEDT

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