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Technology Stocks : Hummingbird Comm. (HUMC)

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To: Paul Loucks who wrote (1500)4/13/1998 8:24:00 PM
From: Bill Arndt   of 2018
 
Paul, I agree we may have a long ways to go. With all the bullish news coming out, Hum management is really putting the screws to the shorts who probably don't know if Hum has the earnings to back up these press releases or not.. Maybe they(the shorts) think it's better to be safe than sorry? Could this be part of Hum's short killing strategy?

My price target for HUMCF has been 45-50 based on a reasonable valuation of about 20X. My thinking is we would get there in a very short period of time once the market starts taking interest in Hum. Maybe this is it? After the false start last October this could be the real thing.

BTW, on the UK deal. I agree this is great, tremendous news, but I wouldn't be surprised if Hum gave them some kind of a good discount (maybe even break even) just to get the exposure. In any event, a good move on management's part.

Bill.
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