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DewDiligence

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DewDiligence

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Re: DewDiligence post# 3371

Thursday, 09/22/2011 10:05:56 PM

Thursday, September 22, 2011 10:05:56 PM

Post# of 30493
Norman Peltz, hedgefund manager and director of HNZ, sold 835K shares of HNZ on 9/20/11 and 9/21/11 at approximately $50/sh:

http://www.sec.gov/Archives/edgar/data/46640/000120919111048757/xslF345X03/doc4.xml

The $42M sale represents about 40% of Peltz’s pre-sale holding. I find it somewhat odd that an insider like Peltz would unload so much stock during a broad market sell-off.

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

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