Former Sharper Image (SHRP) CEO Richard J. Thalheimer has sold almost all of his shares in the company. In early May, he had almost 20% of the company’s stock.

Thalheimer apparently sold the share to Knightspoint Group and Sun Capital Partners Inc both of which already have stakes in the company.

According to The Associated Press: In a research note, BMO Capital analyst Richard Weinhart said Thalheimer’s lack of optimism "far outweighed" the votes of confidence by Sun Capital and Knightspoint.

BMO uses this action as their logic in saying that SHRP is not longer a buy-out target

The argument is thin. Thalheimer has been with Sharper Image since the dawn of time. He probably got about $30 million for his shares, making him a rich man. The poor guy is over 60.

Douglas A. McIntyre