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Consumer Portfolio Services, Inc. Message Board

  • insidermessagesfrombeyond insidermessagesfrombeyond Nov 20, 2013 10:05 AM Flag

    Levine Leichtman continued selling

    Another 186,717 shares dumped between 11/14 and 11/18.

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    • Keep in mind that Levine-Leichtman (an institutional investor) selling out is not the same as if the CEO and CFO, or other officers, were dumping all their shares (which may be an indication of major problems). Levine-Leichtman is listed as an insider because they hold enough shares to have significant voting rights. Not because they may know something we don't, as the officers do. In my opinion it seems that Levine-Leichtman have decided to restructure their portfolio and they found something they would rather invest in than CPSS. I am apt to believe that they will continue selling periodically until they are out. The bad thing is that a constant stream of shares going back onto the market is keeping the price flat.

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