A Flip Flopper Insider Purchase of Tidewater – Insider Weekends
Tidewater Inc. (TDW): $49
Market Cap: $2.56B
Enterprise Value: $2.93B
Key Insights:
- CEO Quintin Kneen executed a strategic trade, selling shares at over $100 and buying back at $48.06 after a calculated six-month wait.
- Q3 2024 showed exceptional growth with a 13.7% increase in revenue and 77% net income growth year-over-year.
- Independent Director Robert Robotti, who has been on the board since 2021 and has an investing background, also joined the CEO in buying shares.
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