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TravelCenters of America LLC Message Board

  • smaycs4 smaycs4 Sep 9, 2013 10:45 AM Flag

    This is why the insider selling is not the end of the world

    These guys get free shares every year for failing to die.

    They have each gotten lots of shares for years and this year was the FIRST TIME they have ever sold any.

    Rebholz gets 100k shares a year, he only sold 75k or 17% of his holdings/
    Richards gets 50k per year.he sold 50k or 28% of his holdings but he is 60 versus 28 for the other guy.

    Meanwhile, there are a number of directors and a number of other executive officers that sold NONE.

    Combined 2 guys sold just over 20% of their holdings. And nobody else sold ANY.

    These are not stock options.they are GRANTS.
    Its part of their paycheck.

    If things were REALLY bad, why did they retain nearly 80% of their stock ? Why didnt any of the other officers & directors sell any shares ?

    Just another reason why getting your panties in a wad over a little insider selling is not a great idea.

    I dont like it. I would prefer none and insiders buying hand over fist. But just because they sell a few shares that they get about as easy as they get air & water doesnt mean the stocks falling to $4.

    In fact, I would wager that the stock sees $10.14 prior to seeing $6.14. (Currently $8.145)

    Ive read multiple books on insider buying & selling. Selling means a lot less than buying.

    Meanwhile, Herbalife is a $6.7 billion illegal pyramid scheme that tricks people into spending every dollar they can get their hands on in the guise of getting rich when the fact is 97% of them will never even make a small amount of money. (Above expenses)
    And HLF has had massive insider selling over the years.

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    • Well, you make some good points.....but the fact that the CFO, of all people sold, and sold now, is not good.

      There will be another bad quarter. You're right, it's probably not going to $4.25. But it has every reason to go to $6 or $ the Nov/Dec lows.

      Besides, didn't O'Brien buy less than 6 months wouldn't that preclude him from selling, until that time period elapses?

      I shorted PRIOR to the insider selling, and shorted in the mid to high $8's. I tripled up $7.50, after the insider selling, because I think that means the news gets WORSE, before it gets better. And I'm waiting for the next earnings release to see as such.

      If they make only 54 cents this year, and then makes $1 next year, it drops to $5-7, before the end of this year....before going back to $8-12, in 12-18 months.

      • 1 Reply to longtimefollower
      • O'Brien didnt buy since nov 2011.
        Free stock grants are not open market buys.

        And even if an insider bought within the last 6 months, it would NOT preclude them him dumping all his shares. It would only mean that any gain on shares held less than 6 months would have to be disgorged back to the company.

        The amount of free shares this company gives away is disgusting but its not enough reason to short a stock trading at a discount to book.

        20-May-13 7,500 TA Acquisition (Non Open Market)
        4-Dec-12 200,000 TA Acquisition (Non Open Market)
        24-May-12 8,333 VHC Acquisition (Non Open Market) at $0 per share.
        10-May-12 7,500 TA Acquisition (Non Open Market)
        29-Nov-11 200,000 TA Acquisition (Non Open Market)
        10-Nov-11 2,000 TA Purchase at $4.58 per share.
        (Cost of $9,160)

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