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Post by boca1girl on Aug 24, 2018 7:04:16 GMT -5
Unfortunately these are not insider buys, they are stock option awards. |
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Post by dddupont on Aug 24, 2018 19:29:51 GMT -5
Unfortunately these are not insider buys, they are stock option awards. How ever one acquires shares doesn’t lower the incentive to help the value grow. My company’s largest stockholder category is the employees, mostly due to stock options, ESOP and ESPP, and that certainly is enough incentive to keep the company moving in the right direction. I see this as a big positive. |
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Post by awesomo on Aug 24, 2018 19:54:00 GMT -5
Increased employee ownership is good, but given something for nothing doesn't compare to putting your own money where your mouth (work) is. That is a much bigger sign of confidence.
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Post by dddupont on Aug 24, 2018 20:03:13 GMT -5
Increased employee ownership is good, but given something for nothing doesn't compare to putting your own money where your mouth (work) is. That is a much bigger sign of confidence. But if you were a hard working employee, with any kind of personal life, you probably don’t have $100k lying around, and if you did, you likely wouldn’t invest in your number one holding if you believe in diversifying, like so many financial planners advise. I believe in my company, and is my number one holding thanks to ESOP, so I invested my extra cash in another company that I also believe in. Would you do otherwise? |
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Post by mnkdfann on Aug 24, 2018 20:39:17 GMT -5
Increased employee ownership is good, but given something for nothing doesn't compare to putting your own money where your mouth (work) is. That is a much bigger sign of confidence. But if you were a hard working employee, with any kind of personal life, you probably don’t have $100k lying around, and if you did, you likely wouldn’t invest in your number one holding if you believe in diversifying, like so many financial planners advise. I believe in my company, and is my number one holding thanks to ESOP, so I invested my extra cash in another company that I also believe in. Would you do otherwise? I think you just reinforced his original point: "putting your own money where your mouth (work) is" ... "is a much bigger sign of confidence." Yes, it is hard for many people to invest in the company for which they work. So if they do, they must be ultra-confident in it. FWIW, I'm not sure investing in the company in which you work is all that uncommon. I'm not saying the majority of people do it, but IMO it's not rare either. A lot of people do it because the company they work at is the one company they know really well and are comfortable investing in. I know several people who do it (and have done well with the strategy). That doesn't mean it is a smart thing to do. Remember, most people are lousy investors. |
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Post by sellhighdrinklow on Aug 24, 2018 21:07:14 GMT -5
Unfortunately these are not insider buys, they are stock option awards. |
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Post by boca1girl on Aug 25, 2018 7:54:39 GMT -5
Unfortunately these are not insider buys, they are stock option awards. How ever one acquires shares doesn’t lower the incentive to help the value grow. My company’s largest stockholder category is the employees, mostly due to stock options, ESOP and ESPP, and that certainly is enough incentive to keep the company moving in the right direction. I see this as a big positive. I am not saying that awarding stock options is bad, but the title of this thread is “insider buys”, which these were not. Dr. Kendall said he would buy shares as soon as he was allowed to. We haven’t seen any evidence that he has purchased shares yet. “Insider buys” impress Wall Street much more than exercising stock options and customary employee stock purchase plans. |
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Post by porkini on Nov 16, 2021 9:14:37 GMT -5
Heyyyy, looky what I found, a thread for discussing Insider Buys that doesn't muck up the Symphony Data thread.
Nice job, Search [Where?] Thread Titles function!
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Post by sportsrancho on Nov 16, 2021 14:05:33 GMT -5
Heyyyy, looky what I found, a thread for discussing Insider Buys that doesn't muck up the Symphony Data thread. Nice job, Search [Where?] Thread Titles function! You are so good❣️ |
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Post by mytakeonit on Nov 16, 2021 14:20:42 GMT -5
And I am so BAD ! Stealing all the cheap shares !!!
But, that's mytakeonit
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Post by prcgorman2 on Nov 16, 2021 18:31:02 GMT -5
Heyyyy, looky what I found, a thread for discussing Insider Buys that doesn't muck up the Symphony Data thread. Nice job, Search [Where?] Thread Titles function! Please stick to the topic. If you want to discuss people not sticking to the topic, please start a thread on off-topic posts. I don’t think I’ve seen any post which disputes insider buying is nice to have and where “insider buying” refers specifically to buying on the open market as compared to any kind of award of restricted stock units. But, I defy anybody to turn up a credible report (i.e., not anecdotal) that it makes a “material” and sustained difference in stock price and is therefore obligatory on any management worthy of respect. |
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Post by awesomo on Nov 16, 2021 19:06:45 GMT -5
Heyyyy, looky what I found, a thread for discussing Insider Buys that doesn't muck up the Symphony Data thread. Nice job, Search [Where?] Thread Titles function! Please stick to the topic. If you want to discuss people not sticking to the topic, please start a thread on off-topic posts. I don’t think I’ve seen any post which disputes insider buying is nice to have and where “insider buying” refers specifically to buying on the open market as compared to any kind of award of restricted stock units. But, I defy anybody to turn up a credible report (i.e., not anecdotal) that it makes a “material” and sustained difference in stock price and is therefore obligatory on any management worthy of respect. |
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Post by akemp3000 on Nov 16, 2021 20:27:09 GMT -5
Something material and significant needs to happen. Small insider buys and sells are neither and have had little to no effect on MNKD pps over the years. The only benefit seems to be fodder to pass the time.
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Post by Chris-C on Nov 16, 2021 22:24:46 GMT -5
Please stick to the topic. If you want to discuss people not sticking to the topic, please start a thread on off-topic posts. I don’t think I’ve seen any post which disputes insider buying is nice to have and where “insider buying” refers specifically to buying on the open market as compared to any kind of award of restricted stock units. But, I defy anybody to turn up a credible report (i.e., not anecdotal) that it makes a “material” and sustained difference in stock price and is therefore obligatory on any management worthy of respect. |
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Post by awesomo on Nov 16, 2021 23:51:26 GMT -5
When it comes to equities, successful investors focus on Fundamentals, fundamentals, fundamentals. Insider buys should be viewed as incidental. I'll be the first to admit that I let "slam dunk" emotion get in the way of due diligence when I first invested in MNKD. I had no idea that they were ill prepared for the delays that predated approval and the debacles and headwinds that followed after approval. On this board, most attention is directed toward the CEO, who garners the lion's share of the compensation. But all CEOs need committed and competent team members on their leadership team, and these women and men tend to be real people with families, mortgages and kids. They have a job to do, and their discretionary income is often plowed into things like low risk college savings plans for their kids, deferred compensation and tax sheltered annuities. I don't fault them for not throwing additional income at company stock for the sake of making an impression on shareholders. It's a lot more than "incidental". Insiders don't buy for the heck of it. Insider buying usually means the ones that know the most about the company are willing to put their own money on the line because they believe the stock is undervalued. Just look at how David Kendall never purchased shares even though he came in with such enthusiasm and stated early on at that first shareholder meeting he would be buying ASAP. Well, he probably saw the difficulties and knew it would not be a good use of his money. |
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