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Technology Stocks : Teletek (TLTK): Relaxed and Holding
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To: Ken Salaets who wrote (3280)2/21/1997 2:20:00 PM
From: David Luckie   of 3645
 
Ken,

I agree with you and Louis. There's nothing here anymore that makes this an investment grade stock. But there's plenty here that makes it worthwhile as a trading vehicle.

For starters, almost all of the last quarter's losses were due to tight margins and bad debt write-offs. If they raise rates and still maintain revenues, and if they tighten credit policies such that bad debt isn't as much of a problem, cash flow is restored and the company might show some improvement in the current quarter.

Also, look at the chart. The damage done yesterday is almost undone today. Yesterday's news was BAD. REAL BAD. Yet the stock is still attracting some attention.

Whatever rally takes place here won't go far--I'd say 1-5/8 to 2-00 at best. But hey... Who's doubled their money in TLTK recently.
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