Someone on this board said it is foolish to short a bread company; it is the officers and their families currently selling FLO....they plan on having a Merry Xmas at the common shareholder's expense. With the market up 103 point on the Dow, FLO just kept falling. Insiders selling their stock options and you are paying for it. Merry Xmas! Management works so hard....wouldn't you agree they deserve your money?
Yes it is a close call here. The insiders selling in mass,certainly should merit everyone's attention,plus the
forward pe is 20+,and of course there is that debt overhang,plus a puny dividend. All that does not a bargain
make. Will keep buying their products,but not the stock just yet.
I sold out at 21.82 on 12/16, but I have not gone short.
I like the potential here, but I am worried about valuations in the market as a whole. I am particularly a fan of the Tastykake franchise, which I would hope to see rolled out nationwide.
You are correct that there have been fair number of insider sales, but these appear to be mostly related top option exercises or non-open market transactions.Yahoo shows that insiders still hold 25.78M shares (over 12% of the float), which is sizable.
Institutions have sold off somewhat in the most recent quarter as well.
I think we may be getting closer to a fair valuation with the recent drop in price.