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Motorcar Parts of America, Inc. Message Board

  • mary5connelly79 mary5connelly79 Aug 24, 2011 5:46 AM Flag

    Director sells 50,000 shares

    Par for the course at this company. You'd think at the current stock price insiders would be buyers. Well, they're insiders so I'm sure they know best.

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    • Par for the course is opening your mouth just to change feet. Mel started this company in the 1960's, and in addition, made a capital infusion for stock at around $1.00/sh-- after the debacle relating to the accounting deficiencies in core returns years back. For you to have the nerve to insinuate that an individual, even an insider, must retain his holding way into his/her senior years is outright ludicrous. In addition, these shares have now moved to hands which, we must assume, wish the stock price to increase, thus, spreading more of Mels former concentrated holdings into the trading market. GL2All.

      • 2 Replies to Trainspimp
      • With all due respect, don't see how there having been buyers on the other side of the trade is a strong argument. But I certainly agree with you that for someone with over a million shares to make one sale of 50,000 shares doesn't have to have the slightest significance. In fact, even a series of such sales by one person probably shouldn't be read as news, since there can always be reasons - personal (need the money)or business (another compelling opportunity) - for selling something you hate to sell, expect to appreciate.

26.53-0.01(-0.04%)Oct 21 4:00 PMEDT