[darklyte24]

thats a cool 3 million... sold around 15.85-16$ should have waited when it hit 17$

 

[Highlander]

thats a cool 3 million... sold around 15.85-16$ should have waited when it hit 17$

Maybe he reads the "M&P Pistol Tech Difficulties" thread

 

[Smith Shooter]

[quote name='darklyte24']thats a cool 3 million... sold around 15.85-16$ should have waited when it hit 17$

Maybe he reads the "M&P Pistol Tech Difficulties" thread

[/quote]



Maybe he has a kid starting in an Ivy League University and needed the first year's tuition.

 

[choochboost]

Maybe he wanted to buy some HKs. :twisted:

 

[Walker]

Maybe he wanted to buy some HKs. :twisted:

He would be better off buying Glocks in my books... or some Kel-Tec's...

 

[LockNLoad]

[email protected] that's 3 mil, that could have went to finishing the M&P line...like a 10mm round and the 9mm Pro Series.

 

[coltman1985]

That is never a good sign!!

 

[choochboost]

That is never a good sign!!

I was thinking the same thing.

 

[darklyte24]

hes just cashing out because the company is doing good. money flowing because people buying S&W.

 

[Walker]

[quote name='coltman1985']That is never a good sign!!

I was thinking the same thing.[/quote]



Its never a good sign, I wonder what his reasoning is behind his selling of that much stock? Maybe he wanted us the S&W community to buy his stock, giving us all a better way of life?

 

[Titan_2]

It's not necessarily anything to worry about.



Most executives get options or stock as part of their compensation packages and sell them periodically to generate their 'income' or to provide funds for investments elsewhere.



It's his compensation or personal income, so it's not taking money away from company projects like development of new guns, other than to the extent that he and other execs may or may not be overpaid.



As for timing, this could be a planned sale that he had scheduled, or it could be for some investment opportunity he has. Executives and directors have lots of restrictions on when they can and can not sell because of regs about insider trading, so a lot of their sales are pre-planned and pre-announced to avoid shaking up the investment community. I don't know if this is one of those pre-planned events or a surprise to the investment community.



Recent reported S&W financial results have been very strong. It may just be that he's 'making hay while the sun shines'.



.

 

[darklyte24]

another words, an example would be microsoft. since they didnt have alot of money to pay people in the beginning, they said, we will pay you in stocks. we will give you 100 shares for every ie month or months you work. just think if you were a janitor for microsoft and you got so many shares and sold them when it was 100$

 

[jhe888]

Titan2 has it right.



He doesn't want all his eggs in the S&W basket, no matter how good that basket looks at the moment. And those fellows are heavily restricted on when they can sell, so as not to upset the markets and to avoid even the appearance that they are trading on insider information.



And this does not take money from S&W's operating/development budget. He sold his shares on the market to investors. You could have bought some of his shares. Maybe you did, if your 401k invests in S&W.