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Technology Stocks : Hummingbird Comm. (HUMC)

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To: ray jump who wrote (1299)2/2/1998 8:20:00 AM
From: Dr. J  Read Replies (1) of 2018
 
I agree with yours and others comments: they have way too *much* cash in the bank. Interest income would indicate it is yielding 4%,and yet the company has an ROE of 28%. WHen they did the Andyne deal, they did it with stock, not cash, which sends the message that the stock is fully valued. A stock buyback would also be good, but doesn't seem to be happening.

Perhaps they are unfavorably compared with Corel. Too bad - Corel is a disaster; in fact it worries me greatly that Cowpland is on the Board for HUM - lets hope he doesn't unduly influence them, because his market sense is nil IMO.
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