BabyUniverse chairman, CEO and controlling shareholder John C. Textor is putting his money where his mouth is. Textor has said that the Internet retailer that caters to new and expectant parents is undervalued, and in the past few months, he has invested $2 million in company shares. Uneven financial results are among the reasons the stock has been trading at less than 80 percent of its peak. But revenue growth may translate to profit by next year based in part on a promising alliance with Amazon.
October 09, 2006 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
BabyUniverse chairman, chief executive officer and controlling shareholder John C. Textor invested $2 million in shares of the Internet retailer that caters to new and expectant parents.
It was Textor’s second insider purchase since Jupiter, Fla.-based BabyUniverse said in August that strategic options to raise its stock price would be pursued more actively, including possible sale of the 9-year-old company.
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