Originally Posted by
UpwardInflow
It was reported today that BB sold 37% of his stock. Take a look at our stock vs. the industry. My gut tells me we are in trouble. I’m talking slow speed train wreck kind of trouble. A liquidation of 37% of the CEOs holdings in the company when the stock is way down is a really, really bad signal.
What say the masses?
It says that he is probably knowing he will be on the way out soon. I am sure Franke doesn't appreciate single digit margins when everyone else was at least double digit. Current management has ran this place into the ground since covid... Pre covid, F9 was doing pretty well. Expect a management shakeup in the near future if I had to guess.
but, you also have to remember the uppers are paid in shares more than cash... so if he sells X amount of shares, it is just him collecting money he might need for something instead of leaving it in the stocks. (like that house in Texas)
But no, I am not scared about someone in management selling their stocks.