As we overhead someone say last week, “Ol’ Naude has had a pretty good year.” And we would agree. According to a report in Australia’s The Age Billabong’s Paul Naude unloaded a few shares last week:
Last Monday he sold 250,000 shares at AUS$13.35 each. The AUS$3.3 million was the most he had raised from share sales for quite a while. . . . Last year he disposed of 100,000 at AUS$15.52 a share, while going right back into history — March 2006 — he raised AUS$2 million when he flogged 125,000 shares at AUS$16.06 a share.
Taking a little money off the table probably isn’t a bad idea right now.
[Link: The Age]
