ACO director Casey this week purchased 2000 shares at $16.74, increasing his shareholdings by 20%. His last transaction that I can see is an option exercise of 10,000 shares in January of '03. I especially admire directors who do not game the market in their company's stock during market volatilit
Hughes does sell regularly, year in year out (if not quarter in and quarter out) for the more than ten years that I have owned ACO stock. He does not seem to market time and disposed of a lot when the stock was stuck between $5 and $7. My perspective on his sales has been that he has left a lot of money on the table to his own disadvantage. My quarel is with those that clearly are timing or gameing the market volatility. Especially directors receiving options for their service. They should hold theur stock until they step down and treat their stock appreciation as a reward for their entire tenure. ESPECIALLY those who receive compensation for their professional service to the company. (My real feeling is that such folks should not be board members at all so shareholders would not wonder just how much their board views and votes are conflicted by their professional retention and compensation.) But, I digress too far.