Hello Direct (HELO) - an overlooked internet beneficiary Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Hello Direct (HELO) - an overlooked internet beneficiary

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Sid Turtlman who wrote ()	9/3/1998 12:02:00 PM
From: NewsTrader	Read Replies (1) of 153

(NewsTraders) -- A group including Wynnefield Capital Management LLC acquired a 5.2% stake in Hello Direct Inc. (HELO), and urged a sale of the company as well as a stock buyback to boost shareholder value, according to an original Schedule 13D. In an August 31 letter to the company, Wynnefield said it was displeased with the capital structure of the company as well as the firm's reluctance to repurchase its common shares. "We believe that this company could be sold in a single transaction at a substantial premium to its current stock price and we urge this consideration," Wynnefield said. "If the company is to remain as a public company, it's time to start acting like one." Wynnefield praised current management, however, stating that the firm has a fine business niche and an exciting business model. But Wynnefield asserted that a public-company structure may not be the best fit for Hello Direct. The group recently purchased 79,000 shares at $6.38 to $7.00 per share between 8/7/98 and 8/28/98. It currently holds 268,500 shares.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next