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Hologic Inc. Message Board

  • margretbar2 margretbar2 Aug 14, 2008 1:10 AM Flag

    Hologic Executives Buy Shares..Wall Street Journal Article

    http://online.wsj.com/article/SB121858988073935421.html?mod=yahoo_hs&ru=yahoo

    The fact that the top executives purchased the shares is especially important, Mr. Silverman said, because they are the most familiar with the business.

    "The CEO, the CFO and the COO -- combined these three should know pretty much everything going on in the business from a strategy, operations and financial standpoint," Mr. Silverman said.

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    • They had a great conference today at Morgan Stanly...this market is very tough right now..

    • Three top executives of Hologic Inc. recently bought $1.7 million in company shares after the stock dropped to two-year lows, reversing a long trend of insider selling at the company.

      On Aug. 7, Chief Executive John W. Cumming made his first purchase of company stock in five years, buying 50,000 shares at prices from $20 to $20.05 a share, for a total purchase price of $1 million.

      Chief Financial Officer Glenn P. Muir bought 25,000 shares that day for $19.79 to $19.81 apiece and Chief Operating Officer Robert Cascella purchased 12,300 shares for $20.20 each.

      "We're looking at, essentially, insiders making a valuation call," Mr. Silverman said. "They've taken so much money out of the stock over the years, now they're putting money back into it."

      The fact that the top executives purchased the shares is especially important, Mr. Silverman said, because they are the most familiar with the business.

      "The CEO, the CFO and the COO -- combined these three should know pretty much everything going on in the business from a strategy, operations and financial standpoint," Mr. Silverman said.

 
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