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DewDiligence

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DewDiligence

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Re: None

Tuesday, 08/14/2012 10:34:49 AM

Tuesday, August 14, 2012 10:34:49 AM

Post# of 277
PEP’s head of Americas Beverages, Albert Carey, sold $12M worth of stock at $72 and change on 8/9/12:

http://www.sec.gov/Archives/edgar/data/77476/000120919112041485/xslF345X03/doc4.xml

The options Carey exercised and sold would have expired on 1/31/13, so the sale is not quite as bearish at it might seem. Still, it’s a very large sale for a high-ranking executive, so I don’t like it.

“The efficient-market hypothesis may be
the foremost piece of B.S. ever promulgated
in any area of human knowledge!”

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