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Technology Stocks : Hummingbird Comm. (HUMC)

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To: nokomis who wrote (1520)4/19/1998 11:57:00 AM
From: Martin Goldenberg  Read Replies (1) of 2018
 
I am about to go out on a limb and project my earnings estimate.

I am only going to estimate the short term potential. i.e. for the 2nd and 3rd Qs.

2nd Q..........3rd Q.........Year-over-Year......Year-over-Year
------............-------........---------------........--------------
$0.54-0.58 ....$0.68-0.72 ....6% - 14% (2Q)......17% - 24% (3Q)

Potential sequential 2nd quarter to 3rd quarter growth: 25%

I think my numbers are conservative and if you consider the potential of the sequentially increasing quarterly earnings growth, I think this stock is going to take off. I base this assumption on HUM's success at diversifying and forward looking growth in the data warehousing business. So this means that booking the income from the UK deal in the 3rd Q would be a huge benefit in support of stock growth anyway.

My projection: $57.50 US or $80.00 CDN within the next 3 - 4 months.

And that's with a PE of about 23.

So that's it. Let's see what happens.

Martin
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