Bankruptcy

Insider Sales of McDonald?s Gets Attention

By J. Michael McBride

As you no doubt know, insiders who sell, or buy, stock must disclose that information. Subsequently, said purchase or sale is made public. Here is an article discussing the insiders’ sales of McDonald’s Corporation’s stock.

“Conventional wisdom says McDonald’s should continue to have great success as the economy slows and consumers trade down restaurants just as they’ve been trading down to Wal-Mart for their shopping needs. Sounds great, except that the company's insiders beg to differ: Over the last six months, nearly 760,000 shares worth some $43 million have been sold.

A significant amount by any measure, this works out to roughly a 20% liquidation of the insiders according to Thomson Financial.”

Here is a link to that interesting article: http://blogs.moneycentral.msn.com/topstocks/archive/2008/03/21/insiders-bail-as-mcdonald-s-brews-trouble.aspx?PageIndex=2

Michael

Full post as published by Texas Lawyer Blog on September 04, 2008 (boomark / email).