NASC - Network Access Solutions appears poised to explode next week. The stock came public about 3 weeks agoat 12 during the net meltdown and drifted to 9. Today, the stock traded up to 12 1/8 (just above resistance) before the meltdown again.
Underwriters include DLJ, JP Morgan and Bear Stearns. They should come out with recommendations on either Monday or Tuesday of next week
Friedman Billings, a local firm, came out with a 35 price target a week or so ago, stating that the company trades at an 85%, yes 85%, discount to its peers, which include NPNT, COVD and RTHM.
This co. has a market cap of 550 million, compared with the other 3 comps (NPNT, COVD, RTHM) market caps of between 2.5 and 4.5 billion. THIS IS A JOKE.
IMO, NASC came public at a bad time, has more revenue than NPNT and RTHM, operates on the East Coast with Bell Atlantic vs. the competition on the West Coast with Pac Bell, trades at 1/8 the multiple and is a Screaming BUY. GOOD luck. the STUD!!! |
