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hibu – How Explicit does the company have to be? The stock is worthless

Tom Winnifrith
Monday 17 December 2012
PrintOnce again, hibu (LSE:HIBU), the company formerly known as Yell, has told investors via an RNS that its shares are worth very little or nothing. The stock is off 18% today but this is not the first time it has warned about this and after a few days folks seem to forget and traders “buy for the bounce”. That might work once or twice and you make a quick turn but one day the shares will be suspended and if you hold the stock you will feel like you are in the middle of Wembley Stadium with your pants and trousers around your ankles. You will be utterly exposed and there can be no get out.

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Tom Winnifrith is the editor of TomWinnifrith.com. When he is not harvesting olives in Greece, he is (planning to) raise goats in Wales.
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