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A global provider of asset management services, investment processing and investment operations solutions.
Making my rating solely on the fact that the CEO sold stock both last week and this week for millions of dollar after the quarterly report showed net income and EPS were down for the quarter. The investment executive VP also unloaded some stock.
I would urge you to consider a more comprehensive review, rather than make a rating based "solely on the fact...". Consider that in many such companies the management, VPs and CEO take a large portion of their income from the stock. So - it would be completely normal and natural to sell when the stock has hit some high numbers of late. What would be concerning is if they were bailing in droves as the stock dove down deep - taking whatever losses to get what they could out before it went down completely. Selling when the stock has hit high numbers as it has--- in order to earn a higher amount as part of their income and then even perhaps reinvest when the stock does drop down a bit again - is just plain smart. We've done this too. The fact that Al West sold some recently is no reason for a thumbs down. I've researched this gentleman and am amazed at his brilliance, care and concern for his company and staff. If I could give a thump on the head to your poorly reasoned comments - I would. No offense - we all need to reconsider at times those things we may blurt out or type out - that we should have thought more deeply about first.
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