tonto,
I have copied the email that I received in hopes that it explains the justification for the target price on PINC.
*****Attention: Stock Alert Subscribers
ANOTHER BUY RECOMMENDATION ON PINC!
The report projects a price target of $8.00 + in six months. PINC
was very active on Monday, trading in excess of 1.3 million shares.
Here is the release:
THESUBWAY.COM ANNOUNCES INVESTMENT OPINION BUSINESS EDITORS
NOTE TO EDITORS: THE FOLLOWING IS AN INVESTMENT OPINION ISSUED BY
THESUBWAY.COM WESTON, FLA. (BUSINESS WIRE)AUG. 10, 1999:
TheSubway.com announces investment opinion on PlanetCity.com (OTCBB:
PINC) with a 6 month target of $8-10 per share, US Web (NASDAQ:
USWB.O) and Network Solutions (NASDAQ: NSOL.O). PlanetCity.com
(OTCBB: PINC.O) recently announced that it teamed up with ConSyGen
(OTCBB: CSGI.O) as well as the creation of a new Web Services
Division. More excitingly, the company has announced that it will be
profitable in September of this year and that their recent
acquisition of its web services division is currently profitable.
The momentum building behind the company and its future direction is
a good reason for consideration of the company to be an undiscovered
rising star. The company's main focus is in mainframe, client /
server, PC and internet environments around the world. The variety
of full services offered to customers should enhance customers' sales
and marketing functions as well as integrate back office automation.
This should build existing relationships as well as start new ones.
This will lead to an increase in profitability. The Company is
looking to earn $.25 per share in 1999, and $.95 per share in 2000.
We feel that a 6 month target of $8.00 - $10.00 is conservative.
DISCLAIMER
====================================================================
Wall Street Research Group cannot and does not warrant the
completeness, accuracy, merchant ability, or fitness of the news,
information, or entertainment content found herein for any
particular purpose. Further, you agree that Wall Street Research
Group shall not be held liable to anyone for any loss or injury
resulting from the direct or indirect use of Wall Street Research
Report. This includes, but is not limited to, loss or injury caused
in whole or in part by its negligence or by contingencies beyond its
control in procuring, compiling, interpreting, reporting or
delivering any portion of Wall Street Research Report.
You agree that you bear responsibility for your own investment
research and investment decisions, and that Wall Street Research
Group shall not be liable for any decision made or action taken by
you or others based upon reliance on news, information, or any
material published by Wall Street Research Group. All information
provided in Wall Street Research Report is to be used on an "as is,
with all faults" basis. Wall Street Research Group relies on
various sources of information that we believe to be accurate and
reliable. However, Wall Street Research Group makes no claims or
PLEASE remember that I am not the author of this report nor do I make any statement as to it's reliability. I am reproducing it for your evaluation and comment.
Warm Regards,
Chief |
