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Dex Media, Inc. Message Board

  • smaycs4 smaycs4 Oct 15, 2013 5:29 AM Flag

    Stock needs insider buying

    Im not going to buy without significant real insider buying. Not a 13g holder.

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    • Not sure if that would be a wise decision. Last time I saw major buying, it was a few years ago when Mockett and another officer bought a load of shares around $4 per share. Stock never really rose much above the purchase price after they bought. It was not very long before stock was trading under $1 and they were down huge. It took major steps including debt restructuring and a merger just to get Mockett back to even (at around $20 per DXM share.) Assuming Mockett did not sell those shares, he is down big again. Of course, this amount of money is inconsequential compared to how much he made in salary and his golden parachute!

 
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