Hummingbird Comm. (HUMC) Message Board

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Technology Stocks : Hummingbird Comm. (HUMC)

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To: Hank Stamper who wrote (1759)	10/28/1998 10:19:00 PM
From: Tom W.	of 2018

The price/earnings ratio has been low for quite some time now. One seemingly insurmountable problem is the number of shares that are short (over 3 million with an incredibly high ratio of 74 days to cover at current daily share volumes). Hummingbird stated that they have strategies that they are using to try and oust the shorts but the only one I can see is the share buyback program. Announcing a dividend would probably help - they have lots of cash and a lack of direction on what to do with it. Another problem is the new direction into the Business Intelligence. Forecasting future earnings growth on this is probably done using a dart board. Martin stated that he would probably buy back in at the $18.00 CAD level. I have a feeling that this is where this stock is headed. Hummingbird is definitely in transition. Whether they will be successful or not will take quite some time to ascertain. Tom W.

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