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Frontier Communications Corporation Message Board

  • jforuus jforuus Dec 29, 2011 1:37 AM Flag

    Forbes is turning into a joke

    http://www.forbes.com/sites/dividendchannel/2011/12/28/wednesday-1228-insider-buying-report-fast-bcei/

    "On Friday, Fastenal Co. (FAST)’s Executive Vice-President, Nicholas J. Lundquist, made a $433,050 purchase of FAST, buying 10,000 shares at a cost of $43.30 a piece. So far Lundquist is in the green, up about 2.3% on their buy based on today’s trading high of $44.28. Fastenal Co. is trading up about 0.1% on the day Wednesday. Before this latest buy, Lundquist made one other purchase in the past twelve months, buying $110,670 shares at a cost of $32.55 a piece. In the past twelve months, 4 other insiders purchased FAST, in 7 transactions, for a total investment of $347,911 at an average of $48.12 per share."

    They don't tell you the part where they sold 700,000 shares the month before but actually only bought back 10,000 shares.

    Somebody call them and ask them if they actually read and check the facts regarding the articles they put on the web?

    Name, Title Transaction
    Transactions
    During 2011 # of Shares Price($) Type % of Holdings Traded Now Holds
    Lundquist, Nicholas J., PR Bought 12/23 5,000 43.35 Direct, Buy 4.1 121,000
    Lundquist, Nicholas J., PR Bought 12/23 5,000 43.26 Indirect, Buy 25.0 20,000
    Slaggie, Stephen M., DIR Sold 12/06 50,000 42.54 Direct, Sell 0.5 9,937,968
    Kierlin, Robert A., DIR Sold 12/05 100,000 42.50 Direct, Sell 0.7 13,750,000
    Gostomski, Michael M., DIR Sold 11/23 317,152 -- Indirect, Non Open Market 25.6 920,656
    Slaggie, Stephen M., DIR Sold 11/11 50,000 41.12 Direct, Sell 0.5 9,987,968
    Kierlin, Robert A., DIR Sold 11/03 100,000 39.11 Direct, Sell 0.7 13,850,000
    Slaggie, Stephen M., DIR Sold 10/31 50,000 38.93 Direct, Sell 0.5 10,037,968
    Kierlin, Robert A., DIR Sold 10/18 100,000 33.54 Direct, Sell 0.7 13,950,000
    Kierlin, Robert A., DIR Sold 09/07 70,000 32.57 Direct, Sell 0.5 14,050,000

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