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Shaw Group Inc. Message Board

  • datamatters2003 datamatters2003 Nov 9, 2009 12:02 PM Flag

    CEO sales in Apr. '08 & losses in '07 and '04

    The CEO's large purchase caught my attention. I am interested in SHAW but will wait for at least a dip and not buy if one fails to emerge this month. My logic:

    a. The CEO has no track record of successfully predicting share price and purchasing before an up move.

    b. The CEO's extensive sales in April 2008 did not accurately predict the near-term share price. He could have sold for a much higher price many times within 2 or 4 weeks after he sold. If he "needed the money," he probably was not so desperate that he couldn't have waited 2 or 4 weeks.

    c. SHAW had losses in 2007 and 2004. I prefer companies with at least 4 or 5 years of consecutive pre-recession profits.

    If anyone knows of past successful insider buys by Mr. Berhard, please inform me. Otherwise, there would seem to be just as much of a chance SHAW would make a foolish acquisition as a wise move (such as share buybacks or increased profitable sales). Thanks,
    Data

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    • HiTechJunkie,

      Best wishes. I don't know if this is the dip I was awaiting on SHAW, as I decided to invest today in AAXJ (completely unrelated, but worth checking out if you like ETFs and broad Asia investments that are farther from radical "Islamic" areas than some of the Emerging Asia ETFs). But it is a SHAW dip down significantly below time of my original post.

      Data

      P.S.: In mentioning radical Islam, I use quotes because many devout Muslims rightfully remind us that the terrorists are not truly following the best ways of the Prophet.

    • Officers and senior management (and in some companies all employees) are subject to blackout periods when they can execute transactions. Depending on when they release earnings, sometimes the trading window is only open 2 - 4 weeks each quarter. Timing can make it difficult for insiders to get the best buy or sell.

      • 1 Reply to toy894x4
      • Nice post by the OP. Even though I like SHAW, I have never found trading based on insider buys and sales to be a very lucrative venture. My main concern with SHAW is how depressed the whole engineering sector has been ala Flour, Jacobs, KBR, and ACM to mention but a few. They all seem to have compelling stories but their stocks don't seem to listen.

    • nice try

 

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