I don't know Ivana, Krieger was sitting on a profit last August when IPSU was at 25.68 then held into Dec. before selling at a loss. Then He bought again above 6 and is underwater again. Hard to top that loss in less than a year. Wasn't WINN one of Mark's holdings over several years?
now we finally agree on this one, you're finally catching onto the trend here. I've been seeing this trend here for a while now. This has all the signs of a value trap to be honest, and the market is saying that is exactly what it is. Again, with these kind of situations where the catalysts are gone pretty much its really a game of patience. Usually this entails years and years of waiting and a lot of luck, since these kind of situations usually lead to shareholders getting cleaned out through a reorg process. I'd say you have at least a few years before this happens, so you're basically saying this management, which has been completely inept so far, gets its stuff together and fixes the problems with their ops during this time frame. I'd wait and see if I were you and not panic and sell at this point. Of course if you dont trust the management team, I'd take the loss and go elsewhere. Btw, a good question - why hasnt ANYONE from management spent any money at all to buy back their own stock?? Not ONE purchase at 0.3x p/book valuation...tells me they have really given up at this point...If I were an insider and had any hope for a turnaround, I'd be buying the stock hand over fist here, but their actions are hinting something to us imo.
I have often wondered why management has not bought shares either.I guess they realize if they did, that confidence would create a rise in the stock price. Maybe they want to keep the shares cheap, so they can keep acquiring them through grants and incentive options. If the stock was more expensive, they wouldn't ba able to acquire as many shares. One thing for sure, the stock is probably the last thing on their minds.