This is a pretty entertaining message board. More for traders than investors it seems. If anyone reads the SEC filings, the ceo's investment was cash, not cashless. If you go back a couple of years to when the CEO came back and the earnings calls, you'd know the CEO worked for Jones before in a leadership capacity but left when?....just about when the share price topped out. I should have paid more attention then. So then the board brought her back and cleared the decks. She didn't invest her cash the first year she was back but now and in a pretty impressive "all in" way after she had time to see what's good and not so good. Most CEO level people don't invest their own cash unless they are comfortable that they can make a really good return on that cash. Might not be tomorrow, but I would guess in the year's ahead. So now I am paying attention to what the CEO does with her own money as a guide to what to do with my own. Despite what people say about Buffett yesterday here, I bet he would applaud the move.
"She didn't invest her cash the first year she was back". You may want to check that statement for accuracy. My recollection is that the first thing she did upon return to the Company was to make an open market buy of 50,000 shares,
On next conference call please ask Cue if she invested her own money (either wrote a check or paid cash of $520K) for the $1.8MM shares; or was it a cashless transaction that cost her nothing. Then ask her if she sold any amount of her position in the recent run-up.
yep, that was me that made reference to the investing guru, buffet. I merely wanted to point out the fact that when CEO's invest their own money, that is a good thing. I am not a trader here, I want to be clear about that. I have been an investor in this company since the early years. The concept and products are sound. All we really have needed is a captain at the helm. PVS, Mr. BikeeRicci, Mr. Whoopass meissner, and I think I'm missing one, anyhow, they were NOT leaders. I have always appreciated Mrs. Cue's Calls, and her business awkwardness, at those calls. The Texas distribution may be the real eye opener here. Look at the $$$ they borrowed to furnish product to start it up. If it were not for the expanded area, there would have been no need for borrowing. She even commented that it would be paid back shortly. I wonder what else is cooking at HQ??? Perception, it's key.
Got it. Thanks for your comment. I am a pretty simple investor. Despite the doom and gloom and hyperbole at this message board, I see that a CEO made a pretty serious investment. A few months back some directors bought some shares, granted not at all in the same $ realm as the CEO. I don't see the insiders selling. Hopefully, the company will turn the corner in the next 12 months.
The options were granted as a conditi0on of her returning to run the show at a salary far below what others had been paid. When she exercised those option she received SHARES dumbbell for which she paid cash in excess of 1/2 million dollars. Another one of those how stupid can you be posters.
Pretty cut in dry in business wire:
today announced that CEO Jennifer Cue increased her personal stake in the Company by an additional 1.8 million shares, through the cash exercise of vested stock options, resulting in $523,000 cash to the Company.