I hate seeing these sales but the bottomline is that insiders still own a ton of shares.
I see MDF continuing to rise because it is simply undervalued. The company is performing extremely well yet the PE, PS, and EV/EBITDA are all way too low. Either the company has to fall on its face to justify these ratios or the stock price must move up. I'm certain of the later.
Uptabdowntab, My beef is that this may go on indefinitely as management keeps voting themselves new options. I can't understand why the institutional holders permit this. Had management instead paid an nickel divi, this stock would be selling between 6 and 8. As long as management can get free or next to free options, they have no real incentive for much higher prices. JMHO