Teletek is a small telecommunications company based in Las Vegas. The company is about to post earnings of $.07/share for the 4th quarter of 1995. The company owns and operates telephone switching devices and recently landed a $20 million contract with Monsanto. The company has been around for ~15-20 years servicing pay phones, but without major growth or profits. The stock is traded on the NASDAQ (TLTK) and the earnings are expected to be posted on or around January 23rd. Volume over the past 4 weeks has been tremendous ~200,000-300,000 shares per day with total outstanding shares of about 5.5 million. Stock is presently trading at $1.875, but earnings for 1996 are projected to be anywhere from $.20 - $.30/ share. Therefore, check this one out and do not miss an outstanding opportunity. Esimate price to be ~$4-5/share by end of February.
CEO is a guy named Tom Mills and will be glad to answer any questions |
