Don't get me wrong - it's good to see director purchases.
But a little frustrating that management release this half cocked announcement, give far more explanation to individuals who contacted the company and now they are mopping up cheap stock.
Whether or not a properly explained announcement would have stopped the slaughter who knows, maybe not, but at best management wouldn't have appeared so clueless.
Again I'd rather see them buying than not and I'm bullish about future prospects however it's hard not to view the handling of all of this as a bit opportunistic and it will take a while for my trust to be fully restored.
NEU Price at posting:
$1.32 Sentiment: None Disclosure: Held
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