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DewDiligence

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DewDiligence

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Re: DewDiligence post# 3191

Friday, 07/29/2011 10:13:13 AM

Friday, July 29, 2011 10:13:13 AM

Post# of 30493
CLB insiders sold about $29M of stock this week after the 2Q11 earnings report. I never like insider selling of any kind, but for CLB it doesn’t seem to be an indicator of a problem with the business fundamentals.

One year ago, immediately following the 2Q10 earnings report, CLB insiders sold $22M worth of stock (which I commented on in the prologue of #msg-53398546), but the stock soared afterwards and the business fundamentals have remained strong.

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

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