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DewDiligence

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DewDiligence

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Re: DewDiligence post# 3299

Tuesday, 09/13/2011 1:04:28 PM

Tuesday, September 13, 2011 1:04:28 PM

Post# of 30493
HES CEO, John Hess, bought $10M worth of stock (!) yesterday on the open market at $57.17/sh:

http://www.sec.gov/Archives/edgar/data/4447/000120919111047595/xslF345X03/doc4.xml

The $10M purchase increases the size of John Hess’ holding by 60%, giving him 470K shares worth $28M at the current market price.

Hess’ purchase comes on the heels of a $545K purchase by one of HES’ independent directors one month ago (#msg-66113344).

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

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