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jugs

06/25/20 1:35 PM

#7892 RE: James salmon #7891

While you're wishing for management to buy more shares, that might make you feel better. But the fact that they are not buying shares tells me their interest is in making money. They may not share your enthusiasm, at least in this moment

There are so many questions in the oil patch and elsewhere. I can hardly blame them for not adding to their positions at this time. That doesn't tell me they lack confidence, however. It possibly speaks to their ideas about investing.

It's so easy for a retail investor to wish for management to buy common stock. But why don't you buy more shares at this price you find so attractive for others?

I think it unfair to propose that others invest in our stock picks. It reminds me of the very old fable about a cat urging the monkey to pull roasted chestnuts from the fireplace.

Sorry I can't agree on this although I certainly understand your idea. But risk is for each investor to self-assign. We can't assign it for others just to make us feel good. Management also has a history of investing at prices soon found to represent dramatic overpayment.

Be careful what you wish for.