Computershare's Morris turns buyer again
Independent Financial Research
What does it take for a seller to become a buyer? A stock price fall, of course. Chris Morris, Computershare’s (ASX: CPU) founder, has been a consistent seller of shares in his company over the past few years. It’s of no great concern; entrepreneurs get bored like the rest of us and he has instead turned his attentions to the tourism and entertainment sector. (Incidentally Morris is not the first rich-lister to buy hotels, islands, breweries and the like. But tourism assets are perhaps more of a lifestyle purchase than a money-making venture. Morris recently also bought the Townsville casino because casinos ‘allow you the cash flow to do other things’.) Read full article (VIEW LINK)
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