Sellers are foolish IMO. Insiders are doing it because they have option shares, and only certain windows to sell. This is not uncommon- just look at RFIL last year ( insiders selling like crazy, and it meant nothing- stock is higher now than then). While investors might also be negative on the seasonaly weak Sept qtr coming, the broader picture can't be overlooked. That is, Helix is huge, and PRCP in at the beginning of it all. It's kind of like getting in on AAPL right before the Iphone took off. Lastly PE is cheap vs it's peers. I believe PRCP will post around $1 in 2014, and the stock is selling at only a 10 PE fully taxed going forward.
Also the $3 in cash with no debt. Insiders look done selling. No filings today or yesterday. Hope it finds support around 10. With the backlog announced could we have a big 1st Quarter even though seasonally week?
Who knows, but to try and time the stock is nuts IMO. I mean Helix could be huge, and we are in the sweetspot, right at the very beginning. The insider selling doesn't bother me, as I've seen it before with companies ie RFIL, and it didn't mean anything. This is especially true if they were option shares ( I believe they were). We shouldn't try and make too much of the insider selling, and focus on the superb conference call the company had, the huge potential Helix has going forward, and as you pointed out, their strong balance sheet.