Insider selling by millionaire and billionaire corporate insiders is already rising, but it is about to go through the roof. Forget the politics and forget the morale left behind as a result, and go ahead and forget about what might be best for their employees and shareholders and the government. Corporate insiders will be hitting the eject button on their personal holdings of their corporate stocks most likely at
a rate higher than you have ever seen between now and December 31, 2010. In some cases you are already seeing it.
There is a once or twice a generation event occurring and investors need to know which companies will have record insider selling at between now and the end of 2010. That event on December 31, 2010 is the expiration of the Bush tax cuts, and insiders may never get a chance to have only 15% capital gains tax ever again. Some may say that this is avoiding higher taxation. Some may say it unpatriotic. Some may even call it the epitome of wealthy convenience. Either way, it is legal and “for estate planning purposes” makes financial sense. You have probably noticed that many millionaire and billionaire corporate insiders have begun the long capital gains process when and where possible. Again, this is only going to increase from now until the end of 2010.
A list of just some of the major companies with major insider positions are as follows: Amazon.com Inc. (NASDAQ: AMZN), Berkshire Hathaway Inc. (NYSE: BRK-A), Dillard’s Inc. (NYSE: DDS), DIRECTV (NASDAQ: DTV), Dollar General Corporation (NYSE: DG), EMC Corporation (NYSE: EMC), Expedia Inc. (NASDAQ: EXPE), FedEx Corporation (NYSE: FDX), Gap Inc. (NYSE: GPS), Genzyme Corp. (NASDAQ: GENZ), Intel Corporation (NASDAQ: INTC), JB Hunt Transport Services Inc. (NASDAQ: JBHT), Microsoft Corporation (NASDAQ: MSFT), Nordstrom Inc. (NYSE: JWN), Oracle Corp. (NASDAQ: ORCL), Polo Ralph Lauren Corp. (NYSE: RL), Salesforce.com (NYSE: CRM), Schlumberger Limited (NYSE: SLB), Starbucks Corp. (NASDAQ: SBUX), The Charles Schwab Corp. (NYSE: SCHW), VMware, Inc. (NYSE: VMW), Wal-Mart Stores Inc. (NYSE: WMT), Whole Foods Market, Inc. (NASDAQ: WFMI), and Wynn Resorts Ltd. (NASDAQ: WYNN). We have provided a table at the end to show just some of the easy to grab companies, the officers, the holdings, and the ‘as of last’ date.
There are many in here that were not included. Dell Inc. (NASDAQ: DELL), Las Vegas Sands (NYSE: LVS) and Google Inc. (NASDAQ: GOOG) are two obvious companies with large insider ownership, and there are many others. The percentage of the total float owned at many corporations gets even more concentrated when you get deeper into many mid-cap and small-cap companies. Private equity funds still hold millions and millions of shares that have not been unloaded in shares of 2009 to 2010 vintage IPOs.
