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Video Display Corporation Message Board

  • ben1bam91 ben1bam91 Oct 22, 2011 8:34 AM Flag

    CEO buys shares

    Ordway buys 12,100 shares yesteday at $4.01/share

    It's small potatoes, but it's something.

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    • This goes on and on. VIDE is a great buy. Ask yourself: Why would any CEO buy week after week, currently owning nearly 2,800,000 shares??

      Mr. Ordway knows VIDE is going to become a winning investment. Me? I am sticking with my shares (long) at this time.

      If this company advertised, the price would begin to climb. Keeping it here benefits the entire board, especially new members who want to accummulate shares at this price level.

      At least this has not been one of the more volitile stocks in this current markey <smile>.

      • 1 Reply to taxman3890
      • I too like VIDE. But the CEO buying shares in this case is not the usual predictor of a rise in the share price. The CEO has bought shares for the last 20 + years at prices as high as $12.00+. The stock has gone nowhere. The only thing that really matters is growth in revenues and earnings. If that ever happened with a small float of stock available the stock would go much higher. Insider buying is a lot preferable to insider selling, but this is more accumulation than a way to predict what the stock will do in the near term.

    • It helps to support the bid price of the stock. Wonder why the selling yesterday, 27k+ shares being sold. If it had been a buyer, the stock would have moved up nicely. Need some more positive news on revenues and earnings. Maybe some of the extra expenses have involved setting up AVS and closing down the remaining unprofitable subsidiaries. Once that is done and once sales from AVS start perhaps earnings will increase. CEO buying stock has been going on for years and is not indicative of much, but it does take shares off the market in case demand for shares ever happens.

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