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DewDiligence

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DewDiligence

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Re: DewDiligence post# 4435

Friday, 07/27/2012 5:34:56 PM

Friday, July 27, 2012 5:34:56 PM

Post# of 30546
HNZ director and hedgefund manager, Nelson Peltz, sold $28M worth of stock today or during the past few days, according to a Form-4 filing today:

http://www.sec.gov/Archives/edgar/data/46640/000120919112039394/xslF345X03/doc4.xml

In Feb 2012 (#msg-72704972), I predicted that Peltz would continue to lighten his HNZ holding; now he has, and he is presumably almost done selling insofar as he has “only” $6M worth of stock remaining from an initial holding of some $250M a few years ago.

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

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