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Diversified Corporate (HIR) Message Board

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  • boss1819 boss1819 May 16, 2003 2:50 PM Flag

    Huge response to positive EBITDA

    Wouldn't the fact that "only insiders are interested in this stock" be a good sign as they should hopefully have the inside track as to what is happening.

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    • The fact that the insiders are the last remaining large shareholders that care about the stock is neither positive nor negative. It just makes the stock very illiquid.

      I was not implying that the insider interest was on the buy side � if it were, then you would be right about it being a positive sign.

      I terms of insider transactions, it is actually a somewhat unsettling that Sam Hunter sold 25,000 shares last month at between $0.80 and $1.12.

      I don�t blame the guy for making some money. He purchased 12K shares at $0.30 last September so he tripled his $3600 investment.

      On the other hand, if the company were indeed turning around, as the 10Q seems to indicate, I would think there is a lot more headroom. I�m just surprised that he would sell at that price.