Parker Stock Buying...

[roabilly]

Roa,

I understand that...I may work the ramp but the jet fuel hasn't burnt away that many brain cells.

So why do YOU think he spent over a half a million on LCC stock?

Wanna be whistle blower?

Click on this! http://www.sec.gov/

P.S. Let's just ask Mr. Parker himself... Got yer ears on Dougie?

 

[Elevation]

While "legal" insider trading cannot be based on material non-public information, some investors believe corporate insiders nonetheless may have better insights into the health of a corporation (broadly speaking) and that their trades otherwise convey important information.

 

[autofixer]

As Jim Cramer says,"...although they sell for many reasons, insiders don't buy their company stock unless they think it is going higher."

LCC is eventually going higher, you can bet on it.

 

[roabilly]

While "legal" insider trading cannot be based on material non-public information, some investors believe corporate insiders nonetheless may have better insights into the health of a corporation (broadly speaking) and that their trades otherwise convey important information.

Sounds like “double speakâ€￾… put this in layman’s terms…

Can our “boyâ€￾ do it legally if he is privy to a certain business transaction, which could result in a rapid stock value increase?

 

[roabilly]

Try this and see what you think.

DP needs a PR move to try to keep the troops in line. Foregoing your salary has already been done. SO DP decides to buy a chunk of stock roughly equal to his salary. Now he can say he put his money where his mouth is at the negotiating table and he needs Labor to do the same.

IMO this is but one of many shoes to drop.

Hmmmmm.... Mr. Piney...

You may be on to sumthin'! May work with outstanding labor agreements...

I Concur!

 

[flybynite]

You took the words right out of my mouth.
😱

 

[roabilly]

You took the words right out of my mouth.
😱

"Meat Loaf" said that! Good album!

 

[The Bagfather]

I think he did it mostly for the money. Some time last week LLC changed
to a buy recommendation. I don't know if it was before or after DP's buy.
He may have done it with other reasons in mind like PB's idea as a bargaining
chip.
As to the legality of the deal he obviously knows more that us about the viability
of LLC but insider trading to be illegal has to revolve around specific knowledge
that only he has and gives him an obvious unfair advantage.
At worst it's a very low risk deal. If we go BK he looses about a mil on the deal.
I don't know his contract but my impression is that he would make much more than he would
lose.
What if gas drops or the merger comes back or the gov't comes up with and aid package.
Then he could win big time. Now he more than almost anyone knows about the
chances for a merger but the price of gas or govt action are more public knowledge.
Everybody here his last sell off when the stock was around $50.00. IMO he sold
off just as much as he could without raising too many eybrows.
Anyway these guys have big time lawyers advising their every move and the biggest
blunder somebody like DP would make is to expose himself to legal action but
not one his lawyers wouldn't tell him he would win.
Thanks BF

 

[freedom]

Try this and see what you think.

DP needs a PR move to try to keep the troops in line. Foregoing your salary has already been done. SO DP decides to buy a chunk of stock roughly equal to his salary. Now he can say he put his money where his mouth is at the negotiating table and he needs Labor to do the same.

IMO this is but one of many shoes to drop.

that's right piney , lead by example ....

and he DID put his money where his mouth is ...

 

[UALIADCS]

Giving up your salary is nowhere near the same as taking your salary and investing it. At the end of the year, Parker will end up with cash from the sale of stock (unless US would totally fold, in which case he would loose salary anyway) -- whereas other execs end up with nothing. Parker loaned the company money while hoping to make more on his investment. I don't see that as the sacrifice that CO executives made.

 

[Poug Darker]

Hey, worst case senario: stock goes to $0 - he writes it off as a loss against...you guessed it! - his 550K income for the year, effectively wiping out his federal tax liabilities for the year.
Lesson: don't buy more stock than you can write off against income for the loss you'll take.
Cheers.

 

[FWAAA]

Giving up your salary is nowhere near the same as taking your salary and investing it. At the end of the year, Parker will end up with cash from the sale of stock (unless US would totally fold, in which case he would loose salary anyway) -- whereas other execs end up with nothing. Parker loaned the company money while hoping to make more on his investment. I don't see that as the sacrifice that CO executives made.

I don't agree with the bolded portion. Parker didn't loan US any money. He bought almost 200,000 shares on the open market from other investors, so US gets none of that money. In effect, he took his salary and gambled it all away. Would have been better if he'd told US to not pay him.

Had he given up his salary, he would have saved US about half a million dollars. Cash that US desperately needs.

 

[FWAAA]

Hey, worst case senario: stock goes to $0 - he writes it off as a loss against...you guessed it! - his 550K income for the year, effectively wiping out his federal tax liabilities for the year.
Lesson: don't buy more stock than you can write off against income for the loss you'll take.
Cheers.

Your federal tax conclusion may be faulty. Generally, you don't get to offset investment losses against your ordinary income like wages, salaries and bonuses. Stock goes to zero, Parker has a $550k loss he can write off against other long-term gains and the excess beyond that at $3,000 per year.

 

[autofixer]

http://www.antandsons.com/wordonthestreet/...-it-actionable/

 

[autofixer]

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!