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Technology Stocks : Fingerhut (FHT) goes on Web site acquisition binge

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To: Gordon A. Langston who wrote (50)1/4/1999 9:14:00 PM
From: unclewest  Read Replies (1) of 144
 
fht info.....

this puppy is going to keep running. why?

286 institutions own 44+ million shares or almost 90%. up 3 million shares in the last 90 days. add to that the insider holdings(anyone have that figure handy?). we can generally figure that these shares are not available in the daily trading as they are long term holders. the total shares out is around 49 million and the company is actively buying back. at this rate we will run out of shares in a few months. talk about a squeeze, if you want fht now you have to pay up.
unclewest
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