RE:big insider buying returns to CHWthanks for flagging. about 100k shares purchased this month.
marr purchased pretty heavily in august last year (250k) shares, but this was after the run up from high 3s/low 4s to high 5s/low 6s.
they also made about 500k in share purchases in november & december last year. However, again, this was after the run up from high 5s/low 6s to high 8s/low 9s.
i doubt this implies anything imminent apart from ongoing confidence. hope that i am wrong
i was a little dissappointed in seeing the loan funding facility that the company established with Waypoint (high effective interest rate & inconsistent with messaging around lower funding costs) and i was surprised that they did not press release the establishment of the Pawnee revolving warehouse facility when it was established in May. The effective interest rate seems very low and inline with the securitizations.
i expect the next news to be another securitization facility. the last two were announced in late september 2020 and early october 2019. then q3 results in november. then... four months until q4 results. that is a long time to wait for news.
these guys make me scratch my head a bit. they own a ton of the stock and are doing this growth kick. that is great, but there is little promotion of the stock. no presentations, no IR, no press releases. the guidance that they talked about and the vision that was laid out at the AGM really wasnt touched on in the two sell side initiations. all very weird. why be a public company if you do not want to do basic public company stuff?