kscarbel2 Posted July 25, 2016 Share Posted July 25, 2016 Dagens Industri / July 22, 2016 Volvo's CEO Martin Lundstedt on July 22, three days after the company's report for the second quarter, bought 30,000 shares of Volvo Group. The share purchase is clear from transparent reporting to the FSA. The investment amounted to around 2.7 million kronor (US$311,526). Volvo's share has since the report release on Tuesday backed down 0.44 percent. Volvo reported on April 6* that Martin Lundstedt at that time owned 36,447 Series B shares worth 3.26 million kronor (US$376,139). The shares were purchased at the beginning of February. * http://www.volvogroup.com/SiteCollectionDocuments/VGHQ/Volvo Group/Investors/Corporate Governance/AGM 2016/Appendix B Minutes AGM 2016.pdf Quote Link to comment https://www.bigmacktrucks.com/topic/46204-volvo-ceo-buys-30000-volvo-shares-for-27-million/ Share on other sites More sharing options...
james j neiweem Posted July 25, 2016 Share Posted July 25, 2016 I guess he is gambling on Volvo moving in a positive direction. Might be a time to buy. Quote Link to comment https://www.bigmacktrucks.com/topic/46204-volvo-ceo-buys-30000-volvo-shares-for-27-million/#findComment-340341 Share on other sites More sharing options...
kscarbel2 Posted July 25, 2016 Author Share Posted July 25, 2016 13 hours ago, james j neiweem said: I guess he is gambling on Volvo moving in a positive direction. Might be a time to buy. Far too expensive and risky. You should have bought Navistar in January at $6 like the rest of us. You'd have already doubled your money. Come to think of it, I never see you at the "BMT Investors" meetings. Quote Link to comment https://www.bigmacktrucks.com/topic/46204-volvo-ceo-buys-30000-volvo-shares-for-27-million/#findComment-340403 Share on other sites More sharing options...
james j neiweem Posted July 26, 2016 Share Posted July 26, 2016 I never heard of BMT Investors. Quote Link to comment https://www.bigmacktrucks.com/topic/46204-volvo-ceo-buys-30000-volvo-shares-for-27-million/#findComment-340467 Share on other sites More sharing options...
kscarbel2 Posted July 26, 2016 Author Share Posted July 26, 2016 3 hours ago, james j neiweem said: I never heard of BMT investors. I'm not surprised, BMT Investors is a very exclusive membership-only group. Mulally leaned on the group for financial support in '08 rather than have Ford accept a more complex government bailout. We meet each quarter down at Hilton Head, where Watts Mack has an executive time share. Quote Link to comment https://www.bigmacktrucks.com/topic/46204-volvo-ceo-buys-30000-volvo-shares-for-27-million/#findComment-340482 Share on other sites More sharing options...
Dirtymilkman Posted July 26, 2016 Share Posted July 26, 2016 Very exclusive group. I invested in Enron and BMT kicked me out of the group! Quote Link to comment https://www.bigmacktrucks.com/topic/46204-volvo-ceo-buys-30000-volvo-shares-for-27-million/#findComment-340484 Share on other sites More sharing options...
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