I follow insider buying and selling quite closely. Right now there is basically no insider buying and it has been like this for at least 2-3 months. It has completely dried up. Last week, there were 10 buys for $10 million and 136 sells for $1.2 billion.
Thanks to zero hedge for this top down view: Lots of selling, no buying
Aaron,
I saw your comment on the company formerly known as PhotoChannel on the VIC. Do you have an updated target in mind for when the company will start consistently posting positive EPS (not just cash EPS)? Just curious.
$2.50 to $3 per share in the short run. If some of their growth prospects such as getting Wal-Mart, the stock would be much higher. They will post positive eps in the December quarter.
amortization blocks it because the company made two acquisitions.
Do you envision they will be profitable consistently from the December quarter forward?
The march quarter may be their last negative eps quarter because of seasonality. But again, all I care about is cash flow.