by Ray Poirier |Was the recent public offering made by Shuffle Master Inc. (SHFL) to sell 17.5 million shares of company stock at $4.25 each a bargain?
Apparently so, the way the public snapped up the shares.
But, more importantly, insiders were right there with their bank books at the ready.
Led by Chairman and CEO Dr. Mark Yoseloff, who shelled out $425,000 for 100,000 shares, nearly every company executive participated in the offering, acquiring a total of 300,000 shares.
Since the offering, the company shares have been trading on the open market at just under $5.00 each.
On Monday, at the market’s close, the shares were listed at $4.59.