L, in way of a possible answer, a year ago, a powerful
and expensive newsletter called SA Advisory
saadvisory.com
issued a buy rec on INTI around this price. During the following months, the stock was delisted and went lower. My guess is that
as the price reaches their subscribers' but level, there may be some
resistance for a little time until buyers chew through some
of that stock. But maybe there won't be as much; today SA Advisory's
email to the general non-paying public went out. Here is what
it said:
"An old micro-mini cap:
Industrial Technologies,Inc.. (inti)
The company designs, assembles and markets automated surface inspection systems, electro-optical sensors, laser based equipment and industrial computer and peripherals.
We first introduced inti on 7-09-97 @ .18
We have waited for a long time for sec filings; Well they are
finally here and current!
For the nine months ending June 30th 98 sales reached $5.2 million with net income $268k. Based upon 5,750,000 shares outstanding earnings/share equals .046..Impressive for a stock selling at 3/16. As of July 10,1998 the company's backlog was $3,100,000.00 vs $1,600,000.00.
At present the book value is negative by around $1 million--the company wrote-off the goodwill!
In our opinion, inti for .18 looks very cheap when one considers the net income/share of .046!! What do you think?"
~~~~~~~~~~~~
I gave their web site to credit them with the write up.
-Madly
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