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2,436 Posts.
5
20/06/08
16:07
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It always worries when Directors are buying in an underperforming company.
Boom directors were buying at $3.00 and then the sp tanked and then still bought around $2.00. The sp is Now 80c
Envirozel directors are no different - they seem to struggle in terms of how to value a slice of the co.
The shares are worth less than 20c - yet they keep buying and were buying around 40c.
I'd suggest the shares will be worth less than 15c in six months time.
I'll post back then.