Management don't own a lot of DJS. The top holders are National Nominees (13.5%), JP Morgan (9.5%), HSBC (9.07%), Cogent Nominees (2.89%) etc. DJ's share/incentive plan, own .68%. Mark McInnes, former management, owns .24%. This data is from this link, if you're a member:
The share price is pricing in "value". One could suggest that DJ's was worth a buyout when it had 20% more market cap, but was selling more product.
Noni B, with a market cap of $18.8m, has been spoken of being taken over (it had a recent profit downgrade of 80%-85%). Also, Sol Lewy likes Myer, and pundits are pricing in a downgrade of 20% to MYR for 2012. If that occurs, it too, will become a lot "cheaper" in terms of share price and market cap.
Nothing comes for free on these markets. All these downgrades mean that the companies are all worth a bit less, so it all evens out. Dividends will be cut, too, to reflect poorer results.
I hold none of the above companies.
DJS Price at posting:
$3.15 Sentiment: None Disclosure: Not Held
