How's That Working Out?

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Back at the end of February, just has the coronavirus pandemic was just heating up here in the U.S., FTVLive told you that Meredith President and Chief Executive Officer Tom Harty purchased 10,000 shares of Meredith common stock on the open market at an average price of $28.90 per share.

How’s that investment working out for Mr. Harty?

He invested almost $290,000 of his money to buy the stock. Yesterday the stock closed at $12.77 a share.

In other words, in just over a month, Meredith’s CEO has lost over $160,000 on his investment.

Which in reality is just one Anchor salary, so he can afford it.