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Technology Stocks : HDCO - Why sudden dip? -- Ignore unavailable to you. Want to Upgrade?

To: rich evans who wrote (566)	5/19/1999 11:21:00 AM
From: kolo55	Read Replies (1) \| Respond to of 572

Thanks for the report... I think its the Balance Sheet. I think concerns revolve around the low cash position on the balance sheet, and the continuing high level of debt. The CCIR purchase simply isn't working out very quickly. Give them a couple more quarters before the debt is reduced enough to really grow earnings, especially with relatively flat revenues for the next several quarters (sequentially). Also the stock ran up into the report, and profit takers are leaving. Personally, I don't blame them,... I see this stock mostly as a trading vehicle, buy below 30 and sell when it climbs 4-5 points. Paul