Thursday, April 29, 2010

Directors Of European Business Services Cannot Get That Recovery?

The equity analysts of European business services at Nomura have got the chart with following bullet points, my emphasis:
- Net buyers: YTD there has been no real director buying. USG has bucked the trend with US$24m of net purchases.
- Net sellers: Despite ample evidence of improving economies, our sector has seen broad-based and significant directors’ net sales. Adecco’s Jacobs family is now a just below 20% shareholder, but retains large structured product exposure.
Click on chart to enlarge, courtesy of Nomura.

The comrades across the pond cannot get it either?

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