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  • Schule_G Schule_G Apr 1, 1999 7:34 PM Flag

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    > Management
    Associates (HMA US) was rated ``attractive'' in new coverage
    by analyst Kenneth R. Weakley at Bear, Stearns & Co.
    The 12-month target price is $16.00 per share.

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    • There is a relationship. Institutions still
      maintain a 90% position in HMA. Their value has also
      dropped, but let's not kid ourselves. The large volumes
      traded in January are what led to the lower price, and
      the Institutions probably saw a need to reduce their
      positions (take some profits) all things considered.

      The fact remains Institutions still maintain a large
      position and don't benefit from a deminished stock price
      either! So consider this a reflection of liquidity at a
      share price that maintains order, and not at all a true
      reflection of the real share value. Consider this rather an
      opportunity to buy into a company that has a much greater
      value than todays quoted price.
      As for the analyst
      and brokers; they are correct with their favorable
      recommendations, but remember that they are in the business of
      selling stock that they recommend, and make money no
      matter what the trade price is.
      With reduced or flat
      earnings the momentum will remain low, and caution is
      still advised if you expect a quick sustained turn up.
      Flat earnings will not attract enough buyers to match
      the imbalance of sellers, so the trend may continue
      That said, this is a great long term investment
      and the elevator will go back up one day. Question is
      when to get on, and that's up to you. Forget the
      analyst and do some basic DD!

    • would hold until then.p.s. i have a high rumor hit rate.

      • 1 Reply to hedgefunder
      • out today maintains it's strong buy with a target
        of $18. Says that Schoen and Ray are to talk at
        Merrill conference on the 14th. Earnings are out on the
        20th, and HMA will host a luncheon for the investment
        community the same day.
        They also have 2 additional LOI mention of any concerns about integration of the
        new acquisitions.
        IMO HMA isn't planning to report
        bad numbers then get beat up at lunch!! Yesterday's
        price action was clearly disappointing, but yesterday's
        action reflected a 2 tier market regardless of the DOW's
        gain (which ain't good overall). However, if Merrill's
        correct, we've got 50% + on the upside. Long HMA and