09-30-2015, 01:30 PM
Speaking for myself, I think it is a fantastic management team. Professionals from top to bottom with a wealth of experience and industry contacts. Same with the BOD. Combined, that is why the company has such great sponsors and research coverage.
The fact that they are not buying shares on the open market doesn't bother me much. They have IOC coming out of their ears as it is. It is their livelihood and they are incentivized to grow the share price. Buying a few thousand shares in the market, while symbolic, means nothing in the long term.
My advice is to get over it.
This management team will get the most out of the company's assets and make you a lot of money. At $33 it is a no brainer.
The fact that they are not buying shares on the open market doesn't bother me much. They have IOC coming out of their ears as it is. It is their livelihood and they are incentivized to grow the share price. Buying a few thousand shares in the market, while symbolic, means nothing in the long term.
My advice is to get over it.
This management team will get the most out of the company's assets and make you a lot of money. At $33 it is a no brainer.