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Briggs & Stratton Corporation Message Board

  • sevenfiguresoon sevenfiguresoon Aug 18, 2003 10:41 AM Flag

    Authorized shares

    They have 60 millions authorized shares...plenty for a 2:1 split, since they only have 21 million outstanding.

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    • Good Luck reaching sevenfigures soon. Just pointing out that this thing has moved way up.

    • And you're point is...that Cramer bought stocks that have since gone down? Hasn't everyone in the last three years?

      Only problem with your theory is that his portfolio makes money because of consistent money management and risk management. You take profits as you go so you don't give back all of your gains.

      It's not for everyone, but works well for my personality. And I make money at it, so if you make money following "value investing" rules, go for it. More power to you.

      My own opinion is that fundamentals are only a part of the equation. An important part, but still only a part.

      Ahh, the eternal argument. :-)


      One last thing. Take a look at the above link. This should explain part of what I am talking about.

    • I understand that this is a reasonably priced stock, but it is a lawnmower engine company. I had been looking for an exit, and then the blackout occurs and gives me a spike to sell into. Additionally, the insider sales looked rather significant to me, with a few insiders holding very little stock. Plus they exercised their options and sold for very little profit. Hardly an endorsement.

    • And you should take some off at 40% gains. I don't blame you and I'd do the same.

      But this isn't momentum investing, either. The China stocks--those are momentum "investing" if you can even apply that word. But BGG is a solid earnings performance investment.

      Good luck to you buffetman.

    • I guess that is why the insiders dumped last week, so they could do a split.

      • 1 Reply to wbuffettman
      • Hmmm...give today's column a spin...


        RealCommentary from
        More Factors Than Fear Drive Insider Sales
        Monday August 18, 9:20 am ET
        By James J. Cramer

        Corporate insiders are like you and me. They don't want to give back their gains. They, too, have learned from the past. They have that new, positive casino mentality -- take something off the table -- that didn't exist in the 1990s.

        I write this not from a "don't worry about insider selling" viewpoint, but more of a recognition that greed cost you so much in the last go-round with the bull that it's human nature to expect more selling as prices rise. The idea that there is more insider selling now than at any time in the last year makes sense: Prices are higher now than at any time in the last year.

        That, plus the lowering of capital gains rates, has insiders thinking, "Better take some profits now before they are taken away."

        I have never put much stock in following "insider selling" as a method of making money. I always put a lot of stock in insider buying. You only buy for one reason: You think your stock is going higher. You sell for a million reasons: debts, options that might otherwise be lost, estate planning and a fear of losing gains.

        The articles and columns being written right now presume that only the latter is the raison d'etre.

        That's just false, and it's the reason I simply refuse to turn less enthusiastic about the market after reading these stories.

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