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  "documentTitle": "Mellanox Technologies, Ltd. (MLNX)",
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  "authorName": "Peter A. Feld",
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  "notes": "This is a text-heavy page from a shareholder letter, likely part of an activist campaign against Mellanox management.",
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      "text": "Despite insiders having sold $130 million of stock, more than $110 million was left on the table.",
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      "text": "insider sales: $130 million",
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      "text": "The average sale price across all 373 sales is approximately $34 per share... despite insiders having sold $130 million of stock, more than $110 million was left on the table.",
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      "text": "It is certainly confusing when management states, on the one hand, that they do not have visibility... the logical conclusion is that the Company actually has very little confidence...",
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      "text": "Over the past two months, management has strongly and repeatedly expressed confidence... But these statements are undermined by the repeated pattern of stock sales...",
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      "text": "What strikes us as most concerning is that Mellanox’s pattern of insider selling has continued... worth more than $4.3 million in just the last 8 weeks.",
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      "text": "Further, as we have discussed, shareholders have long had concerns with the level of stock-based compensation... Mellanox had by far the lowest TSR in its peer group.",
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      "text": "...And as we enter the quarter, we don't have too much visibility. We can be even flat in some cases. So we don't have enough information to give you visibility into what's going to go up and down. - Eyal Waldman – Q4 2017 Earnings Call",
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      "text": "...And as we enter the quarter, we don't have too much visibility. We can be even flat in some cases. So we don't have enough information to give you visibility into what's going to go up and down. — Eyal Waldman – Q4 2017 Earnings Call",
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