A Parable Some folks have responded to my claims that Ron Pasek's recent insider purchases bode well for the Company by saying that even insiders can make bad investments. True. But that is exceedingly rare in the case of insiders who know what's going on in the industry.
To illustrate, I have the below parable to offer:
A new grandfather (Ron Pasek) gives the house that he has built to his daughter and her new husband (the other company insiders) as a gift to help them start their new family.
The daughter and her family excitedly embark on their new life, but within a few short years, financial troubles strike, leaving them in danger of losing their home. The grandfather, having extensive life experience (working for a huge data center storage company, Netapp) decides to help them, but before he gives them money to get them out of their rut, he does a thorough inspection of the house, to make sure it's worth saving.
Now, there are two scenarios that might result from the inspection:
1) The house turns out to have a massive termite infestation (no hopes of future success in the data center) so the grandfather chooses not to give them money to save the house.
Or:
2) Although the house seems to be on the verge of being lost, the inspection shows it is solid and worth saving. So the grandfather puts in his own money, not only to help his granddaughter, but also because it benefits him as he gets to keep his grandchildren close by (holds massive numbers of shares that he bought cheap).
Yes, it's a simplistic parable, but one that reflects the truth nonetheless (and, yes, grandpa found the inspection results to make that investment worthy)