| BUSINESSWEEK ONLINE : DECEMBER 18, 2000 ISSUE | ||||||||
| ||||||||
 | ||||||||
| BUSINESSWEEK INVESTOR -- INSIDE WALL STREET
InterTAN Is Firmly Plugged In Guess what? This retailer sells only consumer electronics items, and it's doing brisk business at its 1,127 stores--with computers in particular going at a strong pace. The company is InterTAN (ITN), and its ace: It sells mainly the products of RadioShack and Tandy Electronics in Canada and Australia, but the stock trades on the Big Board. ''There has been no sign of retail weakness in either Canada or Australia,'' says Dennis Telzrow, a retailing analyst at securities firm Hoak Breedlove Wesneski, who rates the stock, now at 9 1/2, a ''strong buy.'' Banc of America Securities analyst Douglas Gordon says InterTAN ''doesn't expect sales and earnings momentum to slow anytime soon.'' He sees earnings of 96 cents a share in fiscal 2001 ending June 30, and $1.15 in 2002, up from 2000's 79 cents. One possibility: InterTAN, which Tandy spun off in 1986, is growing so nicely that Tandy, now called RadioShack, is said to be thinking of buying it back. The stock, says one investor, is worth 23 in a buyout. RadioShack declined comment. By GENE G. MARCIAL _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ BACK TO TOP |
|  |
 | |
RELATED ITEMS Intertan Is Firmly Plugged In CHART: The Stock Is Down--for Now INTERACT E-Mail to Business Week Online | |||
