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Hittite Microwave Corporation (HITT) Message Board

  • sojiba sojiba Jun 4, 2007 10:36 AM Flag

    AYASLI YALCIN COMMITTED TO SELLING

    How can this stock go up if the clearest commitment from management is the reinforcement that AYASLI YALCIN and AYASLI CHILDREN LLC, will continue to sell this stock on a daily basis. It guarantees buyers that there will always be shares on sale, so why should they pay a premium price.

    http://finance.yahoo.com/q/it?s=HITT

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    • You're right on the money.

      The longs in this stock don't get it, you have a $1.2B market cap on a company with $130M/yr in rev. Huge Premium.

      But insiders hold 50% of shares and they are running for the exits every qrt.

      When insiders sell 30K-100K per day on a stock that trades 150k-300k shares per day you have a slow and steady decline.

      Remember - the selling has only just begun - the outstanding shares held by insiders is a shockingly high % relative to stocks with this market cap.

      You cannnot blame the founder for diversifying, but you would not want to be the one lining his pockets either.

 
HITT
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