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Technology Stocks : GTIS - Will it be a Phoenix or not ?

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To: james d. hargrave who wrote (1204)11/23/1997 8:45:00 PM
From: Henry Hayashi  Read Replies (1) of 2319
 
<<I can't believe GTIS is worth under 8 bux right now.>>
I think the downside is being caused by the acquisitions they've made recently. They've paid a hefty amount for MPRS and it's going to be a couple of Q's for them to digest that alone. While I do think MPRS and SingleTrac will pay off in the future, it's very hard for a company of GTIS' size to manage them effectively right away. It may be a case of overeating. Buying now is risky. It just hasn't shown any support of late. I'm looking to buy around $6 or lower.

Henry.
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