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Strategies & Market Trends : Value Investing

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To: Paul Senior who wrote (38763)9/12/2010 8:51:14 AM
From: gcrispin   of 78742
 
Paul,

Another unhappy camper, River Road Asset Management, filed a 13D indicating they have sold their entire position. River Road was the largest institutional holder of the stock.

secfilings.nasdaq.com

FWIW, I picked up a partial fill in HQS on Friday. The stock now trades for less than the cash on their balance sheet. The company is still profitable, earning close to three million for the first six months. Short interest is at its lowest for the past year.

nasdaq.com

Management has killed the stock, but I'm betting that HQS is oversold and, at some point, will trade much higher than its cash value.
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