RE: RE: RE: Wait & CI agree with KerBer. The amount of NR has dried up as of late, however given the company now focussed on monetizing their prior product development this was to be expected. Having said that one has to wonder if there is a NR being withheld to coincide with earnings release. Maybe management trying to goose a pop in the share price at earnings release time? Not saying it WILL happen, but saying it is a possibility.
Q2 is now half over and as far as messaging the story, management continues to be singing a happy tune. Street still wants to see evidence. I think the near term pull back in share price has a lot to do with floods occuring accross many NA regions (also HEM is a high beta stock and market is pulling back). Historically all the AG GPS players have been impacted by flooding and impact on farmer spending plans. However, it could also mean a stronger than anticipated 2H given the addition of postponed planting this year (HEM's other regional markets will be pressured to ramp up planting potentially to make up for NA issues). Either way, 2011 is shaping up to have strong potential. BUT, with the need for grain stock replenishment and potential yield challenges 2012 is shaping up to be even stronger, perhaps a blow out year. This not only applies to HEM, but also RAVN, TRMB, VT, POT, MOS and AGU.