Neil Bush Makes 1-Day Stock Windfall from former consulting job

[lpricanprynces]

http://story.news.yahoo.com/news?tmpl=story&cid=544&ncid=703&e=6&u=/ap/20040101/ap_on_go_pr_wh/neil_bush_windfall

Cashing in stock options before the market crashed, presidential brother Neil Bush made at least $171,370 in a single day by buying and selling shares in a small U.S. high-tech firm where he had previously been a consultant, according to tax returns that give a glimpse into his business dealings.

The July 19, 1999 purchase and quick sale of stock from Kopin Corp. of Taunton, Mass., came on a day that the company received good news about a new Asian client that sent its stock value soaring.

"My timing on this transaction was very fortunate," Bush told The Associated Press.

Bush's profit was a slice of at least $798,218 that the president's younger brother reported on his tax returns from three transactions involving Kopin's stock.

AP obtained his tax returns for the years 1997 through 2001 from a source familiar with his finances.

Those returns, as well as records that have come to light in Bush's divorce case, show that since his controversial tenure with the failed Colorado savings and loan Silverado more than a decade ago, he has become a globe-trotting businessman with a variety of consulting deals.

[Dover]

1. Gee........he must be almost as psychic as Martha Stewart!

But let's get him his own cell, shall we? I don't want him eating Martha's homebaked peach and persimmon tarts garnished with mint leaves.

[Dover]

2. Hey lpricanprynces, welcome to DU and Happy 2004!!

:party:

[ClintonTyree]

3. How fortunate..............

"My timing on this transaction was very fortunate," Bush told The Associated Press.
Hmmmmmmmmmmmmmm. Some might conclude that he had inside information but knowing the Bush family's honesty and integrity in matters such as these :eyes: I'm sure there was nothing underhanded going on. What a lovely story, it's always nice to hear of the Bush family's hard work and determintation paying off. :puke:

[TheWebHead]

4. already posted

http://www.democraticunderground.com/discuss/duboard.php?az=show_topic&forum=102&topic_id=292794

[gristy]

5. Duh. That's how options work, you know.

made at least $171,370 in a single day by buying and selling shares

[Moderator]

6. Dupe....locking

http://www.democraticunderground.com/discuss/duboard.php?az=show_topic&forum=102&topic_id=292794