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Main St. & Main, Inc. (MAIN) Message Board

  • action236 action236 Apr 18, 2013 8:21 PM Flag

    Why?

    All I have are questions.
    Why has MAIN dropped 17 percent since March 17?
    Why did Hartman (CFO) and Hyzak (credit officer) sell half of the shares they had acquired over the years just as MAIN started the major decline?
    Is the SEC going to investigate Hartman and Hyzak for insider trading?

    I would have bailed out earlier except that all the other officers -- including the president, did not unload their stock just before the major decline. They still are heavily invested in MAIN. Although none of them have made small acquisitions this month like they usually do.

    Sentiment: Hold

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • It's tax time of year, maybe some cash was needed to meet tax obligations.......who knows on an individual basis? Sometimes an ugly divorce forces a reason to sell assets and has nothing to do with the company performance.

      • 1 Reply to steveh8000
      • Yes, Steven, you are right. There are a variety of reasons why people sell their shares, could be personal reasons. I would not read too much into the selling aspect of insider behavior. It's the large purchases that tend to have more meaning for the retail investor. The fact that the CEO has bought loads of shares over the last 6 months, for me, is significant. Again, in my opinion, and I am not an expert, I personally do not buy or sell based on Mr. Market's volatility. The price of the stock will go up and down, you got to learn to live it, much like sailing on the high seas. But if your boat is stable and your captain is sober, then try and relax and don't read into every sell off. It will drive you crazy. If you like the company, you like the business model, you like the dividend, and the company is doing what it says it will do, then just kick back and collect your monthly check.

    • It's been pretty ugly. Question is... Does it go down to the next level on the fib chart?

      I think it's like $26.80.

 
MAIN
29.34+1.2600(+4.49%)Dec 17 4:02 PMEST

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