Bill Frists Stock Sale

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Sep 21, 2005 10:33 pm

Just wanted to ask why Frists sale of a large block of his family company stock is not a violation? Believe me I don't want to get mired in splitting hairs with anyone just kind of wanting to ask the experts.

Sep 21, 2005 10:48 pm

Sonny, not sure why you think it would be a violation...did the stock tank the day after his sale?  Give us some details...I don't believe merely selling a large block would be a violation of any sort...

Sep 22, 2005 8:15 am
SonnyClips:

Just wanted to ask why Frists sale of a large block of his family company stock is not a violation? Believe me I don't want to get mired in splitting hairs with anyone just kind of wanting to ask the experts.


It isn't likely that there's a violation. He didn't know how many shares he had because it was in a blind trust. The stock had had a steep climb and on June 13 he asked that all he held be sold. Because it was in a blind trust he couldn't direct when to sell the stock. It peaked around June 22. His shares were sold by July 1, his wife and kid's shares by June 8. On July 13 the company announced disappointing earnings news and the priced dropped.

Sep 22, 2005 10:07 am

If Mike's facts are all correct, it sounds like another media witch hunt to me.  Frist was probably just lucky...and a bit market savvy, that's all.

Sep 22, 2005 9:49 pm

Frist is awesome. He was able to determine that Ms. Shiavo had no major issues from a TV. As another 50 doctors stated she had massive brain issues.


So Frist is pathetic.

Sep 23, 2005 9:25 am
Indyone:

If Mike's facts are all correct, it sounds like another media witch hunt to me.  Frist was probably just lucky...and a bit market savvy, that's all.


I read this AM that the SEC is looking into this. There may be more to it that we know, or it could be nothing and a way to clear the air. We'll see....