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 0.301

+9.4%

9:53 AM EST

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To: Brentsky who wrote (3011)	12/3/1998 11:35:00 AM
From: Winter	Read Replies (1) of 3203

Brent, yep those tracks are pretty laughable. KTEL was (barely) profitable with their compilation album business before they got onto the net. Now I don't know if they are a viable company considering their debt situation - they have spent a lot of money developing their web site and committed themselves with their advertising agreements that require monthly payments. Based on mgmt's track record we probably wont know how net sales are going if the news is bad for quite a while (of course one could infer that since they would be putting out press releases if sales were good and they haven't been doing so...) If they can stay listed they probably deserve high single digits for a stock price, after all they are still a net stock. If they get delisted then stock price is going down to test the 52-week low, IMHO.

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