INTE Industrial Technologies Inc. Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Microcap & Penny Stocks : INTE Industrial Technologies Inc.

INTE 11.00

+5.8%

Oct 20 1:56 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: jorjen who wrote (2)	8/3/1998 6:27:00 PM
From: GARY P GROBBEL	of 197

Jim...That is a concern. But the bal sheet would look different if the company had not bitten the bullet and written off approx $3m of goodwill in the recently filed 10-k for last Sept. They had been amortizing that goodwill at approx $300k a year, determined there was no residual value, and took the hit. I think it was the right approach to getting the financials in order. Also, accts receivable are up over $1m vs prior year at end of June '98 and current inventories down over $400k, while backlog at July 10 '98 is $3.12m vs $1.66m a year ago. The profit of $275k or 5 cents in the last qtr June vs loss of $104k a year ago came on substantially higher rev of $2.37m vs $1.56m. There are hurdles to be overcome here but the price of the stock is...... .18/.19. I think what happened is the stock just washed out...due to the fact that the company just got current with the SEC from last Sept '97 thru this past June qtr. Investors got tired of waiting. My impression is things are looking better due to the items mentioned above... Anyone interested in the company should thoroughly review all filings at EDGAR.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next