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Non-Tech : ISTN Interstate National Dealers -- Ignore unavailable to you. Want to Upgrade?

To: Alexander who wrote (83)	3/2/1998 5:31:00 PM
From: Ron B	Read Replies (1) \| Respond to of 104

Earnings came in $.17 for Q1 but they include a $300K settltment so in reality the earnings were flat with last year. I'm not thrilled with that or with the declining margins. There were some encouraging statements about the remainder of the year but I'm not sure I will wait it out. What gets me is this company has $30 mill in cash and only a market cap of $40 mill and yet will earn $3-$4 mill in profits this year. The company is very undervalued but wallstreet doesn't care. Ron B