This is worrying imo.
Once the price dropped some weeks ago, the insiders should buy if they did believe the pps was undervalued at 3$. On the contrary, they have not bought anything as of today.
the cash is actually less than that as they still have to use a bunch of it to close on the remaining indiana properties. probably will be 15-20 million after that. regardless, the stock is very cheap. not sure what gets it to go higher in the near term. is 5 (the offering price) out of the question by the end of the year?
Click on the column header links to resort ascending or descending .
Select an insider below for more information. Relation Last
FRAICHE DONNA D. DIR 05/09/2011 Form 4 JB D 7,500 - 18,500
GANS BRUCE M DIR 05/09/2011 Form 4 JB D 7,500 - 49,440
GILMORE BARBARA D DIR 05/09/2011 Form 4 JB D 7,500 - 48,251
MARTIN GERARD M DIR 05/09/2011 Form 4 JB D 7,500 - 174,250
PORTNOY BARRY M DIR 05/09/2011 Form 4 JB D 7,500 - 186,622
ESPOSITO ROSEMARY OFF 11/22/2010 Form 4 JB D 30,000 - 160,000
FRAICHE DONNA D. DIR 11/22/2010 Form 4 JB D 11,000 - 11,000
HOAGLAND PAUL V OFF 11/22/2010 Form 4 JB D 30,000 - 35,000
MACKEY BRUCE J JR OFF 11/22/2010 Form 4 JB D 60,000 - 291,018
SMITH TRAVIS K OFF 11/22/2010 Form 4 JB D 15,000 - 45,000
HOAGLAND PAUL V OFF 08/02/2010 Form 4 B D 5,000 $3.650 5,000
MACKEY BRUCE J JR OFF 06/24/2010 Form 4 B D 3,500 $3.020 231,018
GANS BRUCE M DIR 05/10/2010 Form 4 JB D 11,000 - 41,940
GILMORE BARBARA D DIR 05/10/2010 Form 4 JB D 11,000 - 40,751
KOUMANTZELIS ARTHUR G DIR 05/10/2010 Form 4 JB D 11,000 - 41,976
MARTIN GERARD M DIR 05/10/2010 Form 4 JB D 11,000 - 166,750
PORTNOY BARRY M DIR 05/10/2010 Form 4 JB D 11,000 - 179,122
ESPOSITO ROSEMARY OFF 11/19/2009 Form 4 JB D 30,000 - 130,000
HUGHES MARYANN OFF 11/19/2009 Form 4 JB D 10,000 - 48,000
MACKEY BRUCE J JR OFF 11/19/2009 Form 4 JB D 60,000 - 210,018
Some insiders are already holding alot of stock... in which none were sold at $8.00..
That tell us something positive inversely...lol
Cash and realestate value is now worth more than the stock price... the real question now is weather someone moves on the company. Debt on the book is very little.
don't disagree that it would be nice to see mgmnt purchase shares. however their windows to purchase stock are probably quite limited now given they are still working on closing the balance of the Indiana properties, etc. Stock is very attractive at this level. Not going to happen overnight, but this could be a home run in time.