Inter-Tel INTL Bottom Fishing Message Board

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Technology Stocks : Inter-Tel INTL Bottom Fishing

INTL 28.06

+0.4%

4:00 PM EST

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To: Tara Cobble who wrote (35)	3/24/1997 10:09:00 AM
From: Mike Mansour	of 156

I know its kind of a risky play but its trading almost $1.75 below book value. I know some of the bad press refers to its accounting practices so maybe the spreads not all there but I've always been somewhat of a contrarian. I'm hoping a Fed interest rate bump is already built-in to these prices. The bottom line is a) There growing, b) They are making a good profit (always THE bottom line) and c) They've got a growth oriented management, all of which should help them long term. My main concern is the change in accounting rules regarding accounting of dealer sales and how that will affect them. I feel with Jayhawk and Mercury Finance going in the toilet, as well as other companies in the sector, that the whole sector has been beaten down. I don't feel OLM deserves to be treated the same (the contrarian in me). Hopefully some MM will soon feel the same way (Fidelity Contra - Are you out there). I'll just need to ride out the bad news. Hopefully the tide will turn soon. Have a great day!

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