It's not bad, but I don't put much faith in management purchases, particularly someone who has so much at stake already (6M+ shares). The problem is true believer syndrome, if you followed notable over-leveraged messes like Calpine, you've seen it before, blind faith that somehow the golden ticket will fall from the sky.
Now, Burt Adam's purchase, by someone on the inside with knowledge about the company, but with his own gig and not drinking the koolaid everyday, that was significant. I see him putting another chunk down, I might increase my speculative security allowance a point or two.
do you think it is more comforting for the CEO to spend $200,000 to buy shares at 5 and change, or to spend 41 million to buy shares at 15 and change? i would say the latter is quite a statement and gave me a lot of confidence. and the former shows me how misplaced my comfort was.
HEY if you are certain that you hAVE enough cash or have access to necessary cash why not buy some additional shares. Might be a good time to buy in some of those bonds also at $.60 cents on the dollar. I feel much better when I see that kind of activity.