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Technology Stocks : Hello Direct (HELO) - an overlooked internet beneficiary
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To: Dr. Bob who wrote (122)1/6/1999 7:19:00 AM
From: Sid Turtlman  Read Replies (1) of 153
 
Dr. Bob: I am sure that none of the recent buying was by the company. Keep in mind that management was dragged, screaming and crying, to the idea of doing a buyback at all, by some activist outside shareholders. The company wanted to keep its cash hoard for opportunistic acquisitions, and it was only the absurd low stock price of a few months ago that changed that attitude.

Also, the company's lawyers are excessively conservative, IMO, and forbid any stock buybacks except in the period starting a day or two after the release of earnings, and ending at the end of the second month in the quarter. So the period in which HELO could buy stock ended 11/30/98, and won't start up again until soon after the Q4 numbers, due out 1/27/99. Effectively, that limits buybacks to the middle month of each quarter.

Given how the earnings at the company are starting to take off, if the stock follows the whole topic becomes moot.
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