Saturday, June 13, 2009

Warners staffer dumps stock

Hypebot suggests that those who know most about Warner Music Group aren't seeing stock as an investment:

But according to respected investment trade publication Barron's, insiders are "hearing a different tune" and last week unloaded $3 million in stock.

Barron's points specifically to Vice Chairman of Strategy and Operations Michael Fleisher who on June 2nd sold 400,000 shares for $3 million, an average of $7.41 a share. Fleisher, who joined the company as CFO in 2005 still owns 766,207 shares.

Now, it could just be that Fleisher needed some ready cash. We're all a little short right now, aren't we? It doesn't have to mean any sort of inside knowledge of the way the wind is blowing.

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