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Author:

LongTerm CapGains

Subject:

Off Topic

Date:

08/06/16 at 8:41 AM CDT

 

 

READ: 5

RPLY: 2

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Sentiment:

Neutral

INFN: Management doubles down

Fallon bought an additional 100K shares.  In early May he bought this same ammount of shares.

Brad Feller bought and additional 20K shares. In early May he bought 25K shares.

Two directors bought 50K and 12K shares.

Welch excersized (and did not sell) some 212K shares.

My take on this is that Fallon is only repairing the May mistake, which so far is under water to the tune of some $259K. He should be profitable when the stock surpasses the ~$10.23 level, this of course includes these most recent purchase, i.e. on a combined basis.  One thing to remember is that these guys have a very long view, and certainly they cannot buy on inside info, so even if they see much better days ahead, it is probably more than one quarter away to avoid the appearance of insider knowledge.

Still, regardless of my toned down view on this, it should be good news, more so considerign that more insiders bought.  These new purchases amount to some $1.56M

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