No, I recommended he buy. The fact is that this is a bad signal to send to the street. We just were able to top $19 for the first time in 2 months and this selling with market conditions brings us back to the 17's.
This is a mixed signal. Put a buyback in place to tell the street that you beleive the stock is undervalued then key insiders sell telling the street the stock is overvalued. Wish I could sell and replace my shares with some of those RSU's being handed out.
30-Apr-04 18.47 19.50 17.26 17.38 4,143,000 17.38
28-Jun-04 19.21 19.21 18.32 18.68 547,500 18.68
1-Jul-04 SHAY, LAWRENCE F.
Secretary 8,000 Sale at $18.55 - $18.6 per share. $149,0002
1-Jul-04 TILDEN, CHARLES R.
Chief Operating Officer 20,000 Sale at $18.55 - $18.76 per share. $373,0002
1-Jul-04 TILDEN, CHARLES R.
Chief Operating Officer 3,500 Option Exercise at $5.625 per share. $19,687
30-Jun-04 SHAY, LAWRENCE F.
Secretary 1,200 Sale at $18.84 - $18.86 per share. $23,0002
28-Jun-04 CAMPAGNA, HARRY G.
Director 1,725 Sale at $18.82 per share. $32,464
28-Jun-04 MERRITT, WILLIAM J.
Officer 20,000 Sale at $18.35 - $18.82 per share. $372,0002
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