Dick Kinzel buys 10,000 units of Cedar Fair

[CoastersRZ]

http://money.cnn.com/news/newsfeeds/articl...e/D8RO0AP01.htm

[flightoffear1996]

I think that usually means that they will be expecting the stock to go up when the head guy buys his own stock.

[The Interpreter]

Well, based on today's closing price, he's already made a paper profit of $7400 on that deal. But what goes up can also go down. . .or not.

As Will Rogers said: "Don't gamble; take all your savings and buy some good stock and hold it till it goes up, then sell it. If it don't go up, don't buy it."

[Browntggrr]

I wouldn't put too much stock in it.

but...

Being a stockholder I am much happier that he is buying rather than selling.

[BoddaH1994]

Any time a company or an exec from a company purchases large amounts of shares it's typically a supply and demand thing to make the stock go up.

[ragerunner]

Maybe he is expecting the stock to go up soon. Buyout, or selling of individual parks?

[BoddaH1994]

Maybe he is expecting the stock to go up soon. Buyout, or selling of individual parks?

No. That would be illegal.

[Captain Picard]

It will go up when and if they get the debt paid down.

[BoddaH1994]

It will go up when and if they get the debt paid down.

Who knows?

What will they do to pay the debt down? Certainly it'll go up if things go as planned, but what if they have to divest parks to do it? That would be shrinking the company and could result in a stagnant or lower stock price.

[jzarley]

Well, based on today's closing price, he's already made a paper profit of $7400 on that deal. But what goes up can also go down. . .or not.

As Will Rogers said: "Don't gamble; take all your savings and buy some good stock and hold it till it goes up, then sell it. If it don't go up, don't buy it."

Of course, all of our 401Ks look a little better after the closing bell on Tuesday (and, the Fed's .5 decrease in interest rates)

Nice quick profit for Dick, but that's really more of "a rising tide lifts all ships" scenario than anything remarkable about the FUN stock.

[ragerunner]

Maybe he is expecting the stock to go up soon. Buyout, or selling of individual parks?

No. That would be illegal.

That has not stopped many CEOs, including Countrywide's, who this summer cashed out a lot of stock and then announced the company was in the crapper.

I am not saying its not illegal, I am saying there is a lot of legalities to these laws that allow some felixability without going to jail. But, if we take those actions as being illegal, then it should tell us that CF will not be sold or sell any parks any time soon, which may very well be the case.

[The Interpreter]

And then there is Martha Stewart, who did NOT get in trouble for insider trading...she got in trouble for allegedly lying to investigators about it. . .

[jzarley]

^ yep, and she didn't go off to jail whining & crying like the "men" Dennis Kozlowski and Jeff Skilling. She did her time, and came out even tougher than she was before.

[fryler87]

Remember, Martha Stewart only hurt herself by trying to unload a little more than $45k in stock...Dennis and Jeffery (and don't forget our friends from Adelphia) financially destroyed corporations and ruined thousands of employees' retirement funds.

If Dick bought stock knowing it's going to shoot up soon, that's insider trading (what Martha SUPPOSEDLY did) and as Ryan said, that's illegal and you do time in the slammer. Most large corporations make a big deal out of this, because it's VERY easy to do, and when you're caught, the penalties hurt employees and employers.

Maybe Dick just has some extra money he wants to hold onto for when he retires. This stock pays a good dividend.

[BoddaH1994]

Remember, Martha Stewart only hurt herself by trying to unload a little more than $45k in stock...Dennis and Jeffery (and don't forget our friends from Adelphia) financially destroyed corporations and ruined thousands of employees' retirement funds.

If Dick bought stock knowing it's going to shoot up soon, that's insider trading (what Martha SUPPOSEDLY did) and as Ryan said, that's illegal and you do time in the slammer. Most large corporations make a big deal out of this, because it's VERY easy to do, and when you're caught, the penalties hurt employees and employers.

Maybe Dick just has some extra money he wants to hold onto for when he retires. This stock pays a good dividend.

It could be that since the Fed was meeting, he bought stock assuming that they'd cut interest rates. That is perfectly legal.