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Synergetics USA, Inc. Message Board

  • nip7890 nip7890 Jan 8, 2014 8:18 AM Flag

    Fanning sells

    Why is he selling when the shares are so low? Last year his last purchase was at the same price.

    Shares likely go lower.

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    • Sale was for about 10% of his holding. There can be all sorts of reasons for a sale. On the other hand, there was a big cluster of sales last October just before a 10% fall. That always makes me concerned about insider activity.

    • Because he knows how bad it is. It has becoming increasingly apparent to me that the glue holding this company together is OEM. They haven't produced any truly new/innovative technology since their light source several years ago. All of their "new" products are just cheap alternatives to better options out there already in the field.

      The versavit is clearly not where it needs to be and the stock is a direct reflection of investors growing impatience with Mr. Hable and the BOD and their continuous avoiding or sugar coating answers regarding the versavitt on CCs.

6.690.00(0.00%)Oct 15 4:00 PMEDT