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Saga Communications, Inc. Message Board

  • dskicker06 dskicker06 Feb 19, 1999 4:53 PM Flag

    Baron Sells Shares!

    Does any body know why Ron Baron sold 5300 shares
    for a total of 96K in November 1998? I've been a long
    time share holder of both the Baron Asset Fund and
    SGA, in fact Ron Baron was the one that gave me SGA as
    an investment idea. He perpetually promotes SGA in
    every one of his Quarterly Reports. The sale of the
    above shares from his personal account is quite
    disturbing. Per the September 98 quarterly the Baron Funds
    own 3.2 million shares.

    What information we
    don't have is his new Quarterly reports for the quarter
    ending Dec of 1998. What we do have is the steady
    distribution (a disalarmingly trend of going down on high
    volume), of SGA stock.

    Because there is a low
    amount of float with this stock, it doesn't take a lot
    of volume, to effect a downward trend in price
    movement. Has Ron Baron given up his belief that SGA is a
    great place to invest in the
    telecommunications/broadcasting industry?

    We have witnessed before where
    Ron has shamelessly promoted a company's merits, and
    with the receipt of his next quarterly report, we see
    he is a net SELLER of the stock.

    Any
    comments?

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SGA
37.75+0.08(+0.21%)Jul 7 4:01 PMEDT