CON-SPACE research report
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Posted: Wednesday Mar 24 12:50:53PM 2004
Here is the link from the Yahoo site. It looks to be a precis of the full report. The 25K figure is more prominent and not as well explained in my report.
Posted: Wednesday Mar 24 12:36:18PM 2004
Thanks for the info Doren - valuable as always.
I think I may have to eat my words of we stay above $0.70. Do you have any sea salt to go with that?
Posted: Wednesday Mar 24 8:55:28AM 2004
I saw the full report on Yahoo finance. It was great, except for the ending that stated that the company paid $25K for the publicity and that any other companies wishing pr could do the same for a similar fee.
Only minimal increase in share price as I think even the novice investor saw thru this one.
Posted: Wednesday Mar 24 8:00:07AM 2004
Fundamental Research Corp analyst Othello Tuason, B.Com, (Level III CFA Candidate), is initiating coverage of CON-SPACE Communications (TSX-V:CCB) at BUY with a fair value of C$1.43 (recent close $0.64). The full 17-page report is available free at the following link:
-Niche provider in industry, with little direct competition; For example, the company’s Rescue Probe was originally designed and applied in the aftermath of the Oklahoma Bombing. -Customers’ demand is supported by safety associations, which require participants to use such products. -Established and diversified clientele base. -Potential cross-pollination of some products into a much larger Public Safety (communications) market. -Low leverage.
-Potentially difficult to maintain Revenue CAGR
(5 Yr Historical CAGR: 19.5%)
-Growth is based on no external capital, while simultaneously repaying existing debt.