The simple fact of the matter is this: Share purchases by Alan or any other director/officer of the company would not happen if they were not first approved by Chris Naftzger as General Counsel, or whichever executive committee is responsible for such things. It certainly would not be done on a wing and prayer. They would look at it, knowing where the company was with regard commercial negotiations and/or price senstive developments, and make a decision based on that. It obviously falls within their share trading guidelines, or he would not have done it.
Nor would Chris Naftzger have bought his two weeks ago.
It's seems incredible to me that some people here are deriding the fact that the CEO is buying on-market. Most companies I'm in, or have been in, would kill to have a CEO show such faith. I can only imagine what the howls would be if Alan had bought only 10,000 shares. Would people then be saying he obviously doesn't believe in the company or he would've bought more? Ridiculous.
Actions speak louder than words. If people can't see this for what it is, more fool them. Funny that we're up again on the Naz, when the overall market's down three days straight.
UNS Price at posting:
77.5¢ Sentiment: Buy Disclosure: Held
