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Technology Stocks : NHC COMMUNICATIONS (TSE:NHC) acquiring THE FIBER COMPANY
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To: Lalit Jain who wrote (553)10/7/2000 9:41:35 AM
From: hugh thorne  Read Replies (1) of 856
 
I was at a conference on Wed and Thu and Richard Groome, presodent of Groome capital, was there. Asked him about NHC - he loves it. As he said, if they deliver on the contracts, this will be a very high priced stock.

I guess a combo of late news release, hence no paper coverage, bad market timing and a pre pricing of a large contract in the price, all came together and slowed the pop.

My surprise was from the fact that although the stock was pricing in a large contract, it was not expected to come from this sector. That is, had it been a CLEC, i would not have expected any real change, rather it would have cemented the base price. This source is pretty much out of the blue. Although the sector was identified, it has not been factored into the reveune estimates for FY01. As a result, i would have expected more impact.

What the hell though, it gave me the chance to increase my holdings at a $2 premium over the early week price. i can't complain.
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