% | $
Quotes you view appear here for quick access.

Waste Connections Inc. Message Board

  • ieattrashdaily ieattrashdaily Nov 22, 2002 12:27 PM Flag

    What is happening?

    First the CFO liquidates his stock, then 100,000 shares are shorted. Anyone have a clue as to why this stock is expected to tank?

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • The short position is probably just a carryover as a result of the switch from NASDAQ to NYSE. Couldn't say for sure though. As for the CFO, I see that someone has posted that there was a interview where he says that he still owns a good share of stock. I just reviewed the annual report dated 4/22/02(year-end 2001)and found that at that time he owned 242,089 shares. 10,000 were for his two sons and 66,167 were not currently owned but could be exercised. That leaves him with about 165,000 shares. That means that he sold about 3% of his holdings. Now I don't know if he has sold anything between April and the last sale, so we still don't have the answer. I don't have the time right now to look into that. If someone knows of a site where we could get that information I would be interested. A copy of that newspaper article would be nice to see too.

    • The CFO DID NOT LIQUIDATE HIS STOCK - that Dow Jones story was in error. Sacramento Bee followed up with a story with interview with CFO in which he confirmed he holds a large chunk and 5,000 was just a small portion of his holding. Rumor debunked.

54.50-0.47(-0.86%)Nov 30 4:12 PMEST