Hummingbird Comm. (HUMC) Message Board

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Technology Stocks : Hummingbird Comm. (HUMC)

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To: John Chatterton who wrote (1698)	8/18/1998 7:55:00 PM
From: Paul Loucks	Read Replies (1) of 2018

John: I agree HUM should not pay a premium for their stock but I believe they should buy back on any sign of weakness. They should set a floor price each week and buy all shares offered at that price (eg. Week 1 set at $21.00US; Week 2 - $21.25US; Week 3 - $21.50US). If they are able to quickly purchase 1M shares at prices less than $23 US, they should raise the repurchase to 2M shares. They can easily afford to repurchase 4M shares if they are priced at less than $25US (total of $100M US). I believe we could be seeing the first steps to Sorkin taking HUM private or performing an LBO. Paul

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