- The CEO is selling between $115 and $150 million of AutoCanada stock.
- The company is selling $200 million in equity, doubling its equity capital.
- These actions confirm the overvaluation of AutoCanada.
Click here to read the press release.
You can read the rest of the article here:
I sold the company, the CEO is selling the company, and senior management is selling the company.
That leaves the question, who would buy the company at the current price?
Disclosure: I am short ACQ