CFO guy seems confident in Netapp..
“Earlier this month, NetApp's (NTAP) Chief Financial Officer Michael J. Berry bought $360,000 worth of shares in the open market.” Seeking alpha
5 replies (most recent on top)
Dividend Yield is 3.07% a year...
Ha. I agree with 1wx.. 350k by employee closest to the numbers is good news. Page of sellers just trying to cut their losses.
Ha. That’s literally the only inside buy in a year on a page of selling. Cc dumped 5 times as much a week later.
For some ppl 1/3 of a mill is very much; others , not so much. Given a CFOs intimate knowledges of their company, this particular purchase says a lot. He wouldn’t throw 300+ K out the window purposefully if the co. Was in dire straights.. I find it encouraging …
It’s a historically stable company with (some) growth potential, low expectations, and high dividend. Why not?
1/3 mil is sadly not much money nowadays. Small sp-t into the bucket.