SI
SI
discoversearch

   Technology StocksKVH Industries, Inc.


Previous 10 Next 10 
To: David Semoreson who wrote (1382)9/14/2002 1:50:44 PM
From: Bridge Player
   of 6936
 
<< A former VP selling is irrelevant,>>

I disagree. It seems to me that a former VP selling nearly 80% of his holdings, during a period in which the company is supposed to be turning the corner to profitability, and especially in light of the other insider sales, is pretty significant.

The recent weakness in the stock is now explained. On a stock this thinly traded, 60,000 shares on insider sales in about 6 weeks is a lot.

IMO these sales as well as the weakness in the stock are an indication that the widely heralded return to profitability will be delayed for at least another quarter. No doubt we will get a very logical reason for this during the October conference call.

Share RecommendKeepReplyMark as Last ReadRead Replies (2)


To: Bridge Player who wrote (1383)9/14/2002 2:05:19 PM
From: Sector Investor
   of 6936
 
BP,

Why would you jump to that conclusion with no other facts?

I recently asked KVH, and was told that "a number" of the top execs are in the process of buying new homes for their growing families. I believe this may include the CEO. Why don't you call them and ask for yourself?

As for Mr. Forsythe's sale, who knows, but perhaps it's related to the move KVH made to bring in a new CFO in July?

This is a young management team for the most part. Besides their salaries, their stock must represent a lot of their equity for buying things like homes.

Share RecommendKeepReplyMark as Last ReadRead Replies (3)


To: Sector Investor who wrote (1384)9/14/2002 4:07:08 PM
From: Sector Investor
   of 6936
 
<<This is a young management team for the most part>>

As of April, The CEO and VP of marketing were 43, two other VPs were in their mid-40s.

secfilings.nasdaq.com

At that stage in life I was also having a new house built for the first time. It was quite a fun experience, but it WAS a drain on cash, as I was still living in the old house until after it was built.

Share RecommendKeepReplyMark as Last Read


To: Sector Investor who wrote (1384)9/14/2002 7:51:46 PM
From: Bridge Player
   of 6936
 
I like young management teams. This one seems honest and capable.

I am happy to wait and let events unfold. If they are indeed profitable for the 3rd quarter (hopefully on improved sequential sales) I will be perfectly happy to admit that my opinion was wrong.

Forsyth (no "e" according to their web site) is the vice-president of finance. If he was passed over for a promotion to CFO and they brought in someone from outside for that position, I would certainly not blame him for selling his shares. Nevertheless, if he is a reasonable man his sale could also indicate his opinion about the near-term prospects for the stock. Thanks for pointing out a possible reason for his sale.

Share RecommendKeepReplyMark as Last ReadRead Replies (1)


To: Bridge Player who wrote (1386)9/14/2002 9:46:03 PM
From: Sector Investor
   of 6936
 
BP, perhaps you want to reread this P/R.


biz.yahoo.com

Share RecommendKeepReplyMark as Last ReadRead Replies (1)


To: Sector Investor who wrote (1387)9/14/2002 10:03:12 PM
From: Bridge Player
   of 6936
 
Does the VP of Finance report to the CFO? That makes sense to me. This statement from the PR you provided a link for sure also makes it sound like that.

"I am very pleased to have Dick Forsyth continue as a member of KVH's executive management. Dick's dedication and efforts during his 14 years with KVH have been key factors in reaching our current levels of record revenues and financial stability. I know that he will continue to be an outstanding resource for the company and provide important collaboration with Pat Spratt."


It sounds like Forsyth was demoted and replaced. Maybe after internal management dissension. [Just a guess, mere speculation.]

No wonder he sold his stock.

Share RecommendKeepReplyMark as Last Read


To: Bridge Player who wrote (1383)9/15/2002 7:56:58 AM
From: David Semoreson
   of 6936
 
I didn't mean to say the former VP was irrelevant, just that it didn't concern me. And Forsyth may be disappointed by the appointment of Spratt. But KVH himself selling is the first "bad news" I've seen with this company.

Over the last few years, both operationally and technically, they appear to be performing admirably, so I'll continue to look on the bright side for now. Perhaps KVH sold because he was worried about a terrorist attack on 9/11/03 ?

Share RecommendKeepReplyMark as Last ReadRead Replies (1)


To: David Semoreson who wrote (1389)9/15/2002 4:12:50 PM
From: cmg
   of 6936
 
I think its just a precurser to him resigning..cmg

Share RecommendKeepReplyMark as Last ReadRead Replies (1)


To: cmg who wrote (1390)9/15/2002 5:34:09 PM
From: David Semoreson
   of 6936
 
Robert KVH or Forsyth ?

Share RecommendKeepReplyMark as Last ReadRead Replies (1)


To: David Semoreson who wrote (1391)9/15/2002 7:05:00 PM
From: cmg
   of 6936
 
Forsyth..............Would you stick around after being demoted or passed over...

Share RecommendKeepReplyMark as Last ReadRead Replies (1)
Previous 10 Next 10 

Copyright © 1995-2017 Knight Sac Media. All rights reserved.Stock quotes are delayed at least 15 minutes - See Terms of Use.