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Technology Stocks : Excel Communications
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To: J. Brent Reeves who wrote (2365)12/13/1997 12:27:00 AM
From: Rob S.  Read Replies (3) of 2806
 
The McNabbs must have been too busy drinking beer to learn how to read a finacial statement, 10Qs, or the recent press release.

The costs of recruiting customers and IRs is higher than the money Excel receives. They are growing the number of customers and IRs and that has been a negative factor for earnings.

Excel has purchased something like 2.5 million shares of stock from the buy-back program. A good portion of that was from insiders - something like 2 million shares of it. Excel told us that they have about 7.5 million shares left to buy back and will start purchasing shares soon after the waiting period; after the earnings release.

Let's pony up the bets again. I'll wager that Excel is at least 22 by the end of the 1st qtr. Admittedly that's not all that great a projection but it's 180 degrees away from the prediction that Hank is expecting.
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