One thought on “Management Buys – Updated

  1. I agree, always good to see insiders showing confidence. It’s such an interesting dynamic with TPL as compared to corporations because, in theory, the trustees really should be indifferent to the price of the stock because dips are a good opportunity to accelerate their charter of buybacks towards eventual liquidation. However, the fact that the trustees presumably own sub-shares themselves, (combined with the youthful exuberance of Glover and Packer), would lead us to believe that price appreciation probably appeals to them as much as regular investors.

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