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Tuesday, September 02, 2003

Insiders not buying 

Great headline from our own Inky: "Executives have not been buying into the recovery, reports show. Investors wonder what that means."

Uh, investors? Maybe it means that the executives know how deep the fraud and the fake accounting still goes. Too many still try to bag their loot from pensions, golden parachutes, and options trickery... not by building value for shareholders.

From May through July, executives, directors and other insiders in corporations sold far more of their companies' shares than they purchased, which could suggest that stock prices are too high, an author of the [reports released last month by Thomson Financial] said.


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