In January, for every dollar of stock that insiders bought, they sold $55.
Source link: http://blog.mises.org/3083/insiders-selling/
In January, for every dollar of stock that insiders bought, they sold $55.
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This needs to be taken with a grain of salt. Stock options have become the primary method of compensation for corporate officers, and like everyone else, they need cash for homes, mortgages, tuition, cars, vacations, Christmas shopping, etc. I will concede that 55:1 is pretty remarkable.
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Google, a company that competes in an industry with extremely low barriers to entry, trades at $214/sh. with a P/E ratio of 144. (That’s right: 144.) All I can do is shake my head.
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