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Re: DriftinWayOfLife post# 34827

Saturday, 05/30/2015 1:31:53 PM

Saturday, May 30, 2015 1:31:53 PM

Post# of 81999
Driftin,
I have thought about that a time or two myself.
What I have concluded is that it is not the same as Immelt buying GE stock. When corporate insiders of the major companies buy in the market, they normally spend many hundreds of thousands of dollars doing it, because they have hundreds of thousands of dollars to spend. Hank Greenburg once owned 62 million shares of AIG as the founder of the company. Cola already owns something like 32 million shares of SGLB. I don't know what Dave owns. But it seems to me that there are three things going on. One is that they already own many millions of shares. The second is that it will take hundreds of thousands of dollars to buy enough to make any kind of difference in their holdings, and I don't think they have that kind of money to personally drop on company stock. The third is that they can have shares issued by the board as goal accomplishment compensation down the road. So all in all, if all that is true, it makes more sense to not be buying shares. Especially if they would be only buying a few hundred thousand shares.
Just my take on it.

All the best,
Silversmith