You're right, BACRDI, Hughes should have held those 500,000 shares a while longer. On the other hand, he still has 2 million shares left (worth $52 million at current prices) - or about 1/3 of the company. So he can't be too upset about selling 1/5th of his stake too early.
I see you have a strong interest in Y2K stocks. I've been looking at one of yours, TPRO, for a long time, but have not yet taken a stake in it - I probably will soon. They do appear to be well positioned for the "shop floor", or "embedded systems" Y2K business. They cover a different side of the Y2K problem, and don't compete for the same business that TSRI does. As a former mainframe programmer (PL/1 and COBOL) I'm well aware of the extent of the Y2K problem, the difficulty in assessing it, and the degree to which bureaucrats are ignoring it. A lot of the Y2K business will not come until the "last minute", but it will come, and it will be huge, IMO. I almost feel that the longer businesses and gov't organizations wait to address Y2K, the better for TSRI, due to TSR's fast turnaround times using "Catch/21" and related testing tools.
Since no one mentioned it here yet, I thought I'd note the new languages now addressed by TSRI for Y2K remediation. Although widely expected, this was officially announced on Feb 12, and clearly widens the potential for TSRI's business: biz.yahoo.com |
