RE:RE:RE:RE:RE:RE:RE:Kupinsky's Reason To SellStockcoach, I see we have crossed wires in our communication and I wish to apologize. What you asked me was why I didn't run for the hills when he cashed 315,000 shares. I was not a shareholder in 2014 so that is one reason why it is a moot point. But more importantly, and what I feel got lost in my response back to you, is that back in 2014 no one was questioning the share price to the extent that it is being questioned in the past six months.
The fact remains that the most recent insider selling activity apart from Kupinsky's disposition occured on or about July 20, 2015, in which two directors along with two entities related to a director Kepler, Thompson, HJR Family Trust and Pride Partnership) sold a lot of shares at around $100. No one can argue that was a great me to sell. Even you remarked on a post in the fall that you wish you would have followed your broker's advice and sold some then. So, the takeaway is that investors SHOULD take notice when an insider sells stock in Concordia (or sells in any company for that matter). I am NOT saying that all investors should run for the hills when an insider sells. I have, however, stated that I personally would get the hell out if Thompson sold any amount for any reason - at least until such time that I felt that the share price reflected the intrinsic value of the company. And I am also saying that investors should ask questions to get to the facts, rather than brushing it off by speculating that they are funding their "summer cottages, cars and lifestyles." Don't pee on my leg and call it rain.
To speak to your next question as to my communication with Kupinsky I would never under any circumstance publish any communication (positive or negative) with any insider for the most obvious reasons. Instead I encouraged other investors who may have a concern to contact him directly instead of speculating as to his reasons ..... Insiders get asked these kinds of questions all the time. And it is surprising how many are happy to tell you why sold shares.
At no time did I even remotely suggest that the reasons for Kupinsky's sale had to do with the company's fundamentals. I am not a basher... I am just someone who wants to know the facts so that I can make informed investment decisions. And like everyone else, I felt like road kill these past two weeks.
I will continue to have my assistant complete insider searches every day on stocks that I own, Concordia included, as I want to know insider activity as it happens. However, I respect (and quite expect) that some members of the board wll share your opinion and "do not have an issue" when an insider sells shares, even if it is the face and founder of Corcordia.
However, for those of you who share my opinion and DO wish to be advised of insider selling the day it happens, please email me privately at chart.school@shaw.ca and I will be happy to put you on an alert list. Alternately you can wait until The Motley Fool publishes it and health1234 / 1health/ healthcare1234 posts it two weeks after the fact. End of discussion.
Carpe Diem,
Chart