SEC filing tonight: Director Roland Smith dumped 3.4 million shares this week!
OMG! I can't stop laughing. I told you guys to sell at the top. Director Roland Smith just sold 3,477,513 shares, by flipping options that weren't due to expire for 5-7 yrears!!! Repeat: He had up to seven years to flip 3.4 million shares, but he couldn't wait any longer because he realized the stock isn't going much higher. That just goes to show you how much faith he has in this company's turnaround. i.e., NONE!
Uh that's b/c he took a job at Office Depot which btw is a sinking business. This was announced in the News yesterday. Google that information. For those that does not know who Roland Smith is, he retired 2 years ago from Wendy's officially. He's what I considered from the old failed management team that stagnated or made bad decisions. Again stop with the lies or misleading news.
I agree with the fact that he was part of the group that drove Wendy's down ... but Schuessler and the person just after him did the real damage before Roland ...When Schuessler got the Job in 2000 is when Emil left and the decent began ... personally I hope the stock retreats some for a buying opportunity ... the strategy is sound and Emil's the leadership is proven ... PS Peter_North is still an idiot!