Friday, July 27, 2007

Terex Insiders Unload

Terex Corp (NYSE:TEX) recently announced earnings and increased guidance for the year. But insiders are all selling. Ronald Defeo (Exec Chairman and CEO) has been consistently selling. 20% of insiders shares have been sold in the past six months. In the meantime institutional holdings have increased approximately 1.6%

Terex Corporation manufactures equipment for construction, infrastructure, quarrying, mining, shipping, transportation, refining, and utility industries worldwide. What do you believe for the future?

Terex Stock has risen from under $40 this time last year breaking through the $90 level just recently and now pulling back. I am sure that the executives and insiders are all continuing to work very hard. But basically their gut instinct is to sell when it comes to managing their own money. Real guidance? True intentions? Sometimes its short and sweet just like that.