I expect we'll see some real action in this other tele-com stock...
NEW HOPE, Pa., Dec. 16 -- Tel-Save.com, Inc. (Nasdaq: TALK),
the nation's largest e-commerce telecommunications company, announces reduced debt levels below $300 million and still maintains over $100 million in cash and marketable securities (including notes receivable). The company also predicts positive cash flow up
to $10 million in the first quarter 1999. The company continues to be very successful in the repurchase of its convertible note (debt) but does not know how successful it will be in the future repurchasing more as the price of the note continues to rise dramatically.
The company also believes its total stockholders' equity (book value) might increase as much as $100 million and will report positive earnings for the fourth quarter 1998.
Lastly, the company believes it has more revenue than any other labeled e-commerce company. The company has approximately $1 million of revenue per employee on an annualized basis.
Tel-Save.com, Inc. is a leading e-commerce telecommunications provider through an exclusive arrangement with America Online, Inc. and utilizes its own state of the art telecommunications network -- One Better Net ("OBN"). Tel-Save.com headquarters are located at 6805 Route 202, New Hope, Pennsylvania 18938.
SOURCE Tel-Save.com, Inc.
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The short ratio (days to cover) in TALK is 9.24 (HUGE). TALK has a volatile upside potential:
Short Sale Info
The Short Ratio is the average number of days it would take, based on the previous month's average daily volume, for the shorts to cover all their stock. In other words, no matter how many shares are short, even in the millions, it won't matter too much unless it is a significant number of days worth of trading in the stock. For example, Intel (Nasdaq:INTC - news) currently has about 18 million shares short according to the report. However, that only translates into about 3/4 of a day's worth of trading (.78 to be exact), based on the average daily volume of the previous month's trading in Intel.
While 18 million is a large number on an absolute scale, when it's put in perspective of the amount of stock that trades every day in Intel, it doesn't hold the potential of much influence on the stock. That's because compared to its total float, the 18 million is about 1% of the total shares. |
