Say it ain't So!
From The American Thinker
Insiders selling NYT Company shares Source
Barron’s reports that insiders at the New York Times Company are selling their shares:
...company insiders including: Robert H. Eoff and P. Steven Ainsley, both group presidents; publisher Richard H. Gilman; vice president Catherine J. Mathis; and director Cathy J. Sulzberger. Since January, ... have sold a total of 8,800 shares for a total of $232,200.
”[I]t obviously seems that insiders do not expect a surge anytime soon,” Moreland notes.
Michael Painchaud also points out that “the historical insider-sale-to-purchase ratio [at New York Times] is very high, relative to other companies. Heavy net-selling is the norm here, and insiders have been very correct” in selling New York Times shares during the first half of the year as the price slid.
Meanwhile, long-term value investors Morgan Stanley and Fidelity are buying on weakness, adding to their holdings of class A shares. Of course, Class B shares, held by the Sulzberger/Ochs family, control the election of the Board of Directors, so a hostile takeover is unlikely. But as Rosslyn Smith has astutely pointed-out, a number of interesting scenarios are conceivable. Morgan Stanley and Fidelity are both renowned for their investment acumen.
Ed Lasky 7 25 06
It appears the New york Slime is having just a little trouble these days. I wonder if there was more said by the Whitehouse than what we were privy to... Makes ya wonder anyway.
Hat Tip to: TheEducatedShoprat
Insiders selling NYT Company shares Source
Barron’s reports that insiders at the New York Times Company are selling their shares:
...company insiders including: Robert H. Eoff and P. Steven Ainsley, both group presidents; publisher Richard H. Gilman; vice president Catherine J. Mathis; and director Cathy J. Sulzberger. Since January, ... have sold a total of 8,800 shares for a total of $232,200.
”[I]t obviously seems that insiders do not expect a surge anytime soon,” Moreland notes.
Michael Painchaud also points out that “the historical insider-sale-to-purchase ratio [at New York Times] is very high, relative to other companies. Heavy net-selling is the norm here, and insiders have been very correct” in selling New York Times shares during the first half of the year as the price slid.
Meanwhile, long-term value investors Morgan Stanley and Fidelity are buying on weakness, adding to their holdings of class A shares. Of course, Class B shares, held by the Sulzberger/Ochs family, control the election of the Board of Directors, so a hostile takeover is unlikely. But as Rosslyn Smith has astutely pointed-out, a number of interesting scenarios are conceivable. Morgan Stanley and Fidelity are both renowned for their investment acumen.
Ed Lasky 7 25 06
It appears the New york Slime is having just a little trouble these days. I wonder if there was more said by the Whitehouse than what we were privy to... Makes ya wonder anyway.
Hat Tip to: TheEducatedShoprat
posted by Gary | 1:54 PM
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