Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Dale Baker who wrote (15361)	9/2/2002 7:05:36 PM
From: Bob Rudd	Read Replies (1) \| Respond to of 78711

Looking at Israeli Telecom service/software co TTIL I have no position...and offer this up for consideration and comment: ??IF?? the financials are real, it looks like a bargain. The balance sheet is strong with big chunk of cash that lowers risk and enterprise multiples. Insiders reportedly own ~46%. Selling off on rumors of bad quarter. 25% of float is short. Chart is falling knife but is nearing support @ 10. Software...especially contract software, has been prone to book cooking. Similar[?] OCH.L has gone from 700 to 2.5 GBX in 2 yr with recent 'aggressive accounting' & top management bootings icing the cake. 'TTI's customers include local and long-distance carriers, cellular/PCS providers, and equipment sellers in the Americas, Europe, and Israel'..Not a group in the best of health. Bulls argue that TTI's products offer very rapid cost saving payback that enables them to post gains while others are suffering. The market is clearly skeptical of that claim despite a long, successful operating history. Israel base increases risk and decreases reporting transparency...can't get a 20-f online...they don't report quarterly and cashflow statements only come annually from what I can tell. tti-telecom.com TTIL & competitors/peers?? quote.yahoo.com Israeli commentary by S. Greenberg: go here type TTIL and select archives in left column...there's irony in having a guy named Greenberg speak positively of something not of these shores globes.co.il