How old is this guy? If he is younger then it makes sense that if most of his net worth was coming in the form of company stock/options that he would want to periodically reposition his overall asset allocation so is not overweighted in company stock. He is CFO, yes, but he doesn't pull the strings or make the critical/directional decisions either. It is a testament to the board that they approve his sales that they are confident that his actions are not 'il-timed' so as to impact the share price.
Timing of this article is suspect just after hours and prior to earnings. I'm disgusted. Not sure if the after hours drop is going to carry through to Monday morning but I'm not thrilled with the prospects. Any opinions?
At this point it all comes down to guidance. RPX had strong results last quarter also but because guidance was negative the stock sank. This negative guidance seems to be the hot trend among all CEOs lately in order to help them always beat estimates... maybe the street will get wise to this head fake... or better yet, mgmt will decide to let market decide what the future earnings might be.
This is going to pass. Just like our government here in the US, Mexico's Legislature will take the money wherever they think they can get it. This is like handing the cookie jar to a room full of children and asking them to just eat their bologna sandwiches... Sorry, I love this stock but when the government get involved with re-distribution talk I have to stay away.