Wednesday, April 16, 2008

Revlon chairman buys 600,000 shares

In a press release today, Revlon announced:
The chairman of cosmetics maker Revlon Inc. bought 600,000 shares of Class A common stock, according to a filing with the Securities and Exchange Commission.
This was an AP release, not a "PR Newswire" or some other no-name source, so there's a greater chance that he's buying in because he believes he'll make a profit, rather than to bolster stockholders' waning confidence.

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