Everythings NOT coming up roses for FTD (Florists Transworld Delivery) these days.
Granted that share prices have recently topped $20, but the powers in charge look like they're abandoning ship.
With recent SEC filings, http://yahoo.brand.edgar-online.com/fetchFilingFrameset.aspx?FilingID=4978678&Type=HTML it appears that the majority of the 16 executive members and directors of this publicly traded floral wire service is liquidating 6.6 million shares of the 12 million they currently own.
Yet included in the SEC filing is a state of the industry address, which reports that FTD is a current leader in many aspects of the floral industry. The future is painted in even brighter colors.
If everything is so rosey then, why is over $120 million of this company being sold by its leadership?
When the leadership group of FTD wants out, why would an investor want in?
Big changes coming, or just a chance to take a profit?
Calls to FTD management remain unanswered, some see this as odd timing coming off the terrible Valentines holiday that left FTD holding thousands of orders due to a breakdown in their proprietary communications network.



