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H.T.E., Inc. (HTEI) Message Board

  • noworries44 noworries44 Sep 25, 2002 11:05 AM Flag

    No Need to Panic

    All this court ruling means is that there are more shares outstanding. HTE is still making the same amount of money that it made before. HTE has made a nice turnaround this year, and the stock will continue to reflect that. Based on its earnings and a reasonable multiple, this stock should be a $5-6 stock again soon -- once the dust settles both from recent market declines and the unnecessary panic that has come out today.

    With two large stockholders (Constellation and Tyler), I would expect some deal to be made that will benefit us stockholders.

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    • My feelings are that these two companies, Constellation and Tyler, together with company management will resolve this issue by either: Constellation buying Tyler's shares, HTEI buying back the shares from Tyler at a 20 to 30 percent premium (HTE has no debt in their books and they could leverage the company to buy these shares), Tyler launching a hostile takeover. It is in the best interest of all concern parties to solve this problem "pronto".
      If Constellation were to dump their shares in the market, we all lose. Although, I believe there is a provision that they need the Board's approval to sell their holdings. This could be used as leverage against Tyler since the stock price will plummet and Tyler may have to write off the value from their books.
      Any thoughts on this matter?

      • 2 Replies to diamondchair13
      • Constellation is looking to buy HTEI. They bought shares at a level much higher than this, with full knowledge that the TYL lawsuit may go down the tubes. Given that fact, one must assume they made their purchase believing that either they could buy TYL out or sell their shares at a profit in the event the lawsuit failed. Matter of fact, the drastic decline in HTEI stock allowed the TYL attempted redemption to take place...Constellation could not have figured this into the equation when they first made their decision to buy HTEI shares.

        Inasmuch as Constellation does not seem to be a company that buys and sells stocks, I also think it is safe to assume they intend to purchase HTEI.

      • Tyler doesn't have the money, their share price is valued too high based on PE or PS ratio. Better let Peregrine do it.


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