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LG Display Co., Ltd. Message Board

  • MINCE38 MINCE38 Feb 4, 2008 2:27 AM Flag

    Why is there no insider buying?

    With less than 1% ownership of the float, and a peg of .23 or some rediculously low number, why isnt there any insider buying or at least buybacks????? I admit I was waiting for oil giant APA at $50 to start buybacks or insider buying and I missed the stock doubling to over 100. But all in all, when insiders have little or no stake in their own co., its very risky to buy. I immediately think of either bad news coming or maybe someone is fudging the numbers. I like to see insider buying!

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    • Maybe insiders are buying on the Korean exchange?

      I dunno, I still don't understand why this stock doesn't bounce somewhere around here and am just holding on to my long positions waiting for it. The company has incredible growth, great earnings, and seems way undervalued to me--and there's still plenty of room for expansion, and they're on top of the OLED technology it seems.

      I guess it's just bear market and a discretionary product... but I don't see how it can help turning around eventually. I think the bounce will probably be when a big mutual or financial company starts buying big. The price is right, but the whole "financials crisis" is no doubt hindering an investment of the type needed for the stock to turn bullish again.

 
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