The Mercury Group Issues "Buy" Recommendation On Berger Holdings, Ltd.; Report Says Company Continues Healthy Operating Earnings
PHILADELPHIA--(BUSINESS WIRE)--July 7, 1998--In a research report issued on July 2, 1998, The Mercury Group issued a "buy" recommendation on Berger Holdings, Ltd. (NASDAQ: BGRH).
The firm's Vice President, Daniel Polinak, stated in his report, "We recommend that patient, risk-tolerant investors initiate positions in the stock near current prices. The stock is inexpensive relative to our estimated earnings and cash flows, and we believe that the bottom line benefits of the recent acquisition will become apparent in coming quarters. We believe many investors have taken a wait-and-see attitude towards this company, and if the earnings gains we expect in coming quarters materialize, the stock should respond quite favorably. Our 12-to-18 month price target is $6 to $7 a share. However, we believe its is highly likely that additional acquisitions would fuel further earnings gains and provide additional upside to our price target."
The Mercury Group, based in Beverly Hills, California, is a full service investment advisory firm and broker/dealer specializing in small-capitalization value stocks.
Berger Holdings, Ltd. is the parent company of Berger Bros. Co. founded in 1874 and is a manufacturer of roof drainage products and a complete line of residential and commercial snow guards used in the new construction, remodeling and renovation markets. |
