A big disappointment indeed. Let’s listen to management’s explanations on October 27 when we get Q3.
There were a couple of comments about insider selling. They apparently refer to that big block trade at the end of August. There was still quite a lot of the quarter left back then. Generally speaking, in my opinion, insiders have sold quite moderately relative to their holdings. At these levels, though, you’d hope to see some buying, but they definitely still have skin in the game. Everyone can make their own interpretations.