Hotel Shilla Posted a ₩20.4B Profit After Losing Money Last Year. The CEO Is Buying Stock.
Hotel Shilla's Q1 operating profit swung from a ₩2.5 billion loss to ₩20.4 billion gain, beating consensus by 827%, and the CEO just started her first open-market share purchase in 15 years as CEO. When management buys with their own money after a turnaround quarter, the financial statement isn't the only thing worth reading.