Parker Stock Buying...

[freedom]

I can’t give any of you stock advice because I don’t know the stock market , but I do know it’s not a good thing when you’re a major company and you stock is trading near the 2 dollar mark ….


Now in the future we might need credit at some point , or people to invest in us , it could be that the stock price is something that our future lenders might look at when it comes time to think about loaning to us …thus by him throwing half a million dollars into the stock it could have an upsurge effect on the stock thereby increasing our credit rating for later ….

But yeah I really don’t understand the stock market so I can’t really say .

 

[Crzipilot]

Come on people. CO ceo gave up pay. I.E. gave up sucking more money out of the company. Dougie, didn't want to give up that 500,000 pay check. I'm sure with the money he cashed out the past 3 yrs, he has some worthwhile investments, and good chance he's made some money on those investments. Now, Dougie looked at it and said, hmmmm...what can I do, which would make the common people feel good, and still allow me to come out ahead. I know, I'll buy 550,000 worth of stock. If it goes under, I write it off my other gains I have elsewhere. If it stays afloat, and goes back to even 10.00/share. What does Dougie make??? lets see.... 220,000 shares at 2.99/share So 7.00 per share profit, 1.54 million dollars of profit. But then of course you have those pesky capital gain taxes, but alas....is there somewhere in his executive compensation contract that the company JUST might cover those costs????

Altruistic, puhhhleezeee..... He's gambling at probably a no loss to him either way the company goes.... He writes off the loss against other earnings, or he gains a nice hefty profit. How many employees could he keep, if the company had an extra 550,000 for the year????

 

[USA320Pilot]

US Airways Insider Buying Is a Good Sign

See Story

Regards,

USA320Pilot

 

[usair_begins_with_u]

LOL @ A320...

Its good sign the 'insiders' are as ignorant and clueless as many of us have expected all along....

 

[usair_begins_with_u]

In general terms Insider buying IS a good sign. It shows confidence in their actions. It is an excellent way to lead by example.

There is one time when it may be not such a good thing and that's when the lack of trust in and credibility of those executives has made a group or groups highly cynical or skeptical of the executives in question motives for the purchase.

Such would be the case here.

Save me the lecture on inside buying and signaling theory.... I wrote a paper on it in graduate school, but thanks anyways chief

The truth: Doug purchasing shares here at $3 something when a year and a half ago the stock was in the upper fifties is both disingenuous and meaningless at best. Im quite sure he no longer gets xmas cards from the private equity funds which still hold shares though. Doug has taken plenty of his own money (read: share holders, investors, creditors, employees money) off the table. He could walk today and never need to work a another day in his life and still live well beyond the means of 99% of most people.

Sure I have some envy for his immense wealth, but there again I can look at my own reflection with out being digusted to the point of dry heaving. Simply stated, Doug is a modern day robber-barron. His pride and arrogance along with a texas sized ego has simply blinded him from compassion and a duty to look after well being of any of the stake holders but himself and his close knit group of country club cronies.

I really fear for mans soul, that is assuming he has one. The powerful, talented and wealthy should look after their flock, not fleece them while assuring the flock everything is fine. Its truely a gift to be able to rise in your career to pinnacle of C status. Wasting that rare gift on the self centered fulfillment of one's own relentless desire for more wealth and power, with no care for others is digusting beyond words.

People like Doug have the rare chance to directly effect the lives of many many people... It was his choices, or failures that created misery for many employees, while he has enriched himself beyond the imagination of most people. His personal life style, or wealth has never taken a hit, yet LCC creditors, employees, customers, shareholders, suppliers all have less now then they came to table with.. What a swell guy.

 

[28L_or_10R?]

Save me the lecture on inside buying and signaling theory.... I wrote a paper on it in graduate school, but thanks anyways chief

Piney did not deserve to be attacked for his post. You may be an "expert" at buying and signalling theory but 99% of the public have no understanding of the concept. Piney stated in the second and third paragraph:

There is one time when it may be not such a good thing and that's when the lack of trust in and credibility of those executives has made a group or groups highly cynical or skeptical of the executives in question motives for the purchase.

Such would be the case here.

He summed it up simply in that quote what you stated in your post.

Play nice with the other kids.

 

[usair_begins_with_u]

Let it go, people get frustrated all the time.

The post as you pointed out was a nice expansion of my point and I for one was glad to see it expanded upon.

When you have strong opinions as I do and you state them you'd best have a thick skin and asbestos ass cheeks

I'm also happy the poster went to grad school. I OTOH made it through the 12th grade and it's always nice to know that even with my diminished educational credentials that I can give the Grad school crowd a run for their parents money.
Thanks for the kind words

Bob

LOL... no one paid for my education but me (both grad & undergrad). The only way you could give me a run for my money would be if you stole my wallet.

Your random and sophmoric ideas about the airline industry make a lot of sense now that I know you have not been formally schooled beyond the 12th grade. That said, your views are no less sophisticated than the average poster here so you not go feeling insulted or deficient.

Comment deleted by moderator. Check your message.

 

[FWAAA]

LCC is up over 17% today. I guess the fact that insiders don't buy the stock unless they know it is going up holds true!

And down over 11% on Friday, June 20. What goes up often comes down.

My prediction is that Parker loses this $550k bet by fall.

 

[X-U]

I may be wrong, but didn't Dave Siegal purchase alot of shares before a collapse?

 

[767jetz]

Aside from the headline, which the poster is well known for, the body of the article says is all...

"Whether that will turn out to be just a token gesture remains to be seen. Plenty of other publicly traded companies with depressed stock prices and less than poor fundamentals have seen some insider buying, trying to spur some confidence but to no effect."[/i]

PS. Isn't this already being discussed here: original thread

 

[luvthe9]

And down over 11% on Friday, June 20. What goes up often comes down.

My prediction is that Parker loses this $550k bet by fall.

Stock down 18% today 2.58 ouch, maybe sooner

 

[whlinder]

Closed at 2.54, a 52-week low. But rockets back up to 2.58 in afterhours trading!

 

[usair_begins_with_u]

I can't believe i got tossed to the cornfield for name calling... How lame. Now.. back to the discussion at hand.

Im pretty certain Parker loading up here is his version of the captain going down with the ship... Its like taking a bite out of large turd sandwich in an attempt pretend he shares the pain of the shareholders who lost their shirts. Im not going to give up, Rah rah rah, you wont see Parker mortgage his house to go long LCC.

He is not risking anything to buy, nothing to see here, move along sheepole.