Making Financial Headlines · Page 10
Retail insiders buy in, but customers still get their own vote
· New York time
CNBC commentator Stephanie Link reported that insiders had begun buying shares in Dick's Sporting Goods and said the activity supported her more optimistic assessment of its turnaround. Insider buying can attract attention because it involves people close to a company, but it does not establish that a turnaround will succeed. Link's enthusiasm is an opinion, not a guarantee of a future result. A retailer may welcome a vote of confidence from its own executives, yet customers, operations and finances still have their own votes to cast. Buying shares is not the same thing as fixing a business.
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