K-Tel (KTEL) Have the cheesy '70s records come to an end? Message Board

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Technology Stocks : K-Tel (KTEL) Have the cheesy '70s records come to an end?

KTEL 0.260

-8.8%

Nov 21 9:30 AM EST

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To: Michael Tedder who wrote (12)	4/14/1998 2:24:00 PM
From: William Harvey	Read Replies (1) of 3203

Michael, The problem with KTEL is they have a very low float, about 800k. Any large sale might actually stabilize the company. And revolutionary news will make the company skyrocket. Another music company that just went online in the last two weeks is Integrity Music (ITGR). Recommended by Barron's last year, it's now trading below book value and the PE's around 13. They do about $35M per year and have a distribution network in 120 countries. Their float is about 1M shares. WH

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