Before Saundersquick does the gloom and doom
post, if he/she is still here, these are some of the
observations I have on HWYM's balance sheet. Working capital
increased 1.2 million, so maybe the bleeding is done. There
was no longer the warning about SBC and paying them
back with the 6/99 announcement. I didn't like the
play on inventory, with the note that they decreased
it by 8 mil even if the product wasn't accepted.
That had to be SBC, along with the advance payments
from customers of 9.4 mil. Good on that they might be
real possitive that the product will be accepted by
Balance sheet is still week with the
Senior notes payable of 91.9
mil and income of .2
mil. That has to be the reason the stock didn't fly
today or won't in the forseable future. I also wonder
about the pledged securities, need a real financial
statement with notes to it to determine what that inpact
is. Don't want to guess here. The pleaded securities
are going away and are increasing cash flow by a
On the earnings statement. I was
dissapointed that the backlogged SBC "product revenue" didn't
appear to go to the bottom line. Some others might be
better than I am here, I expect the "accepted units"
with SBC now change to service revenue, and coupon
clipping? I would accept a loss on the Product Revenue, if
the service revenue kicks in, and was unreported. Ya
can't fault pressent management on cost containment,
all looked good. I don't often like that R&D costs go
down though. Easy to cut in the short term, long term
it can kill a company.
I was pretty pleased
with everyting reported, can't get the conference
call, even after downloading some software. For now,
the current ratio will give me a wait and see next
quarter. Any increase in this company's working capital
has to be a pat on the back of the current
Good luck to all. Mecca, my dear wife
Thanks for your well wishes and the wishes for
all who own SBC.
The "low" feeling is just
temporary, got some cheep stock, SBC to name the big one,
and hope some other bids might hit. I do hope I will
do well in past history for SBC owners, but recent
stuff is out of the norm for me. I did get another 100
shares of SBC yesterday at $45.50 and I put in an ask
for $1.25 for October calls at $50 this morning.
Figured it would take a movement to $48 or more to kick
in my ask, but got it with SBC at $47.50.
don't know if any of you do covered calls or even look
at that part of the market, but an almost 10%
movement in the market getting ya over a buck on the calls
is a nice price. The calls easily pay my in and out
commissions, and if the stock makes $50 in just a bit over a
month, I pick up almost a 10% movement, annualized to
100% or greater of a return.
There seem to be
a bunch of people who want to pay $1 or more for
the chance to own SBC at $50 by the third week of
October. When my calls sold there were 110 sold at the
time. That equates to 11,000 shares bought at $50, if
the stock gets there, by the third week in Oct. Good
reason to expect the stock to go up. Next I want to sell
my $48 shares with $55 calls, then I will set on the
shares that brought me to this party, and hope for the
HWYM seems to be traded out of by another
big player. Low today was where I should have bought
another 500 shares, but too busy with SBC. I don't
remember the volumn, but the bid ask is steadly down. I'd
hate to see another big player get out, they always
seem to know in advance of bad news.
I think ya should make some more bids on SBC, ya
helped some today. No need to tell me about .coms, those
are the one I was telling you about buying at 20%
discount and watching them go to 50%---oh
Most all the communication stocks have been taking a
beating over the last month.
I think there is some
more units to be gained in SBC, PacTel areas, those
being in construction type vehicles and special
services units, maybe mail, supply and building
maintenance ones down the road, who knows.
I know the
feeling on buy low and goes lower.
I hope ya make
a big % retun on SBC and HWYM----if ya do it's a
win-win for me. Good luck.
Sorry about the paper loses, but it is SBC, not
PTX, with my paper loses, amoungst others. I think a
sale now of covered 50's will help the stock some,
since a bid lower than market didn't help, I got the
stock so the run up afterwards wasn't cause of my low
BTW, my broker knows this. The
market always reacts inversly to what I do. If I buy
low, it goes lower, if I buy high, it goes lower, if I
sell covered calls, the stock goes up and I loose the
stock cheeply. I lost ORCL at $30 after a $23 purchase
and lost HP at $70 after years of covered call sells
higher than $70. but never thought it would take off as
After years in the market, I know
everyone is against me, it is a plot to make me work the
rest of my life. Even with three years of 30% profits,
I sure am ticked that my most recent stuff has gone
down. Think I will take a gun and shoot someone, or
kick one of my dogs, which ever I think will get me
the most news.:-)
Tell your friends who call,
at least they weren't in *.coms and they get a
dividend while they wait some. Plus it is only money, and
a good dog kick will get ya back to feeling
BTW, my dogs are fat, lazy, and spoiled, like most
kids. They probably deserve a kick, but I could never
do it. That's just in case any one takes the above
post as real.
Don't know about you, but AT&T and craft sure put
a bunch of the employee's children through college.
Might have just been a job, but it did more than pay
the bills and gave the employees an opportunity to
try to better their kids. As a kid of a "lifer" I
don't know if I will have a better life than my dad,
will have more money, but he sure enjoyed his job for
As far as AT&T shares, had a couple of
rich relatives, gave their money to others than
family, charities. Long line of making it on your own in
my family. Had an aunt though, who was thought of as
just making it. She began buying a share or two of
AT&T in the early 1900's and continued doing it during
her life. She left the world pretty well off, too bad
she didn't spend some of it on herself.
luck to all.
Hey guy, I finally did something right. Forgot
that I had a training class in the AM so didn't get my
45 bid in until a bit later in the AM. With SBC down
and thoughts about actually being able to buy it so
cheep, I put my bid in at $45.50. From what I can see
tonight, our internet was down in the afternoon at work, I
picked up another 100 shares, and it rebonded nicely.
Since it looks like I picked up another 100 shares, my
low ball bid won't be there to pick the shares up.
Next, I will sell 50 covereds on the shares, if the
price can stay where it is, and that should take up up
over 50 shortly. SBC, 45.5, unbelievable, but
everything trades now.
My first years with SBC (8) was when we were a
part of AT&T. At that time it was not a job, it was a
career. My mother retired from SBC, but has held onto her
AT&T shares. AT&T, for years, was run by men who came
up through the ranks, and they were proud of it. It
was a good company to work for. Prior to the growth
of 401Ks, they always said you will not get rich
working at the phone company, but your job is going to be
there, and it was.
All the Ex AT&T types are coming
from the wireless world.
Hey Hwym6340, ya are now posting on your other
ID, I guess. Glad I only have one to track.
all this blackberry stuff and tech. E-Mail would be
great for truckers. They could write to people when
they do their forced parking of rigs, and not use up a
bunck of LD charges using the phone. Once you have a
link, I expect data transmission is easy, especially if
didgital, and a fast modem.
In any case we are
loosing track of HWYM, the stock. For almost a week it
opened UP, and that was know the night before. Wish ya
could sell it short, it went down after the open for a
Now it is opening lower, maybe a brief uptick
tomorrow, then a bit down.
Last time I used that
type of information I lost ORCL at 10 points less than
they ran to, then bought back 20 points less than that
and lost it after a 7 point move up. HWYM managed to
hire some more exects that I don't know if they can
afford, but they might not be able to aford not to hire
them. Seems like an AT&T company with SBC as the main
client. Anyone wondering why they get so many AT&T folk
without getting sales from AT&T? Maybe we will hear
something about that next quarter? If SBC is their main
client, they sure are hiring a bunch from the
I think Jan Bell might have a plan, and
we might not be looking at everything on the table
without considering what AT&T might do.
to all, lets see where the new AT&T links lead to.