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Technology Stocks : ITGR- Integrity,Inc. Online Christian Music/Video Store
ITGR 68.13-0.8%Nov 5 3:59 PM EST

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To: stockvalinvestor who wrote ()12/4/1998 11:32:00 PM
From: stockvalinvestor  Read Replies (1) of 179
 
The only failure for the price to hold up at this point is that people don't
understand the latest earnings report. We're just coming off a quarter that
understated our earnings by a wide margin. I wrote earlier about the
product masters. We just took a $700k hit to our book value for a
readjustment of the product masters. Without belaboring a point, I hope
you all realize that half of that belongs on last year's books as we had not
readjusted the masters' value last year. If you don't include the readjustment
at all, the third quarter alone would have been a 20 cent net earnings gain!
This puts the PE at about 12. I'd certainly consider adding to my position at
any sign of strength.
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