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EarthLink Holdings Corp. Message Board

  • insider_buying_alert insider_buying_alert Feb 1, 2014 1:52 PM Flag

    New Pres. buys 300,000 shares @ 4.97

    total buy: $1,491,000 on 1/17 - Joseph F. Eazer

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    • I am sorry to report that you have misinterpreted the SEC filing. The new ELNK president was granted options and RSU stock by the ELNK Board of Directors on January 17. The shares will come out of our pockets when they vest.

      It would be nice to see the BOD step up and buy more shares. Very few ELNK shares are held by retail investors, like me. The bulk are held by institutions, like Blackrock. The high daily volume of shares that we see are the tutes swapping shares among themselves for whatever hedge they are working. The price is meaningless until ELNK reports on February 20 and provides guidance for 2014.

      They have already indicated that they are done building out new fiber routes and data centers, So, capital costs should decrease going forward. I do have to agree with McRed that Gross Revenue and, eventually, EPS are the important factors for long investors.

      McRed has been correct for the past 6 months. It is yet to be determined what the next 6 months will bring. I believe that ELNK is plugged into the growing Mobile Cloud via its relationship with Sprint Spark. It is the reason Eagle River is interested in ELNK. IMHO

6.18May 23 4:00 PMEDT