Why do Roger and Nancy keep selling stock, and why is CACS putting out 6M new shares?
Could it be the same reason for both, that the last downturn caught them without a rainy day fund, and before the next one hits they want to have a war chest to buy up companies on the cheap when good ones stumble?
Sure, they enjoy investing, and I'm sure more acquisitions, ventures, and side investments will be made, but I bet some of the cash will sit in safe and liquid safe-holds.
No pre-announcement yet, though they must want to close the shares as soon as they can. Without that in the way, we'd be passing 17 and heading to 20 by know. I bet we still see more upside motion before earnings, though.
Zap
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