...and two recommendations from their underwriters:
"Robertson Stephens Initiates Coverage of RPCX with a Buy
Rating"
newsalert.com
Extract: "SAN FRANCISCO--(BUSINESS WIRE)--Nov. 9, 1999--Robertson Stephens Senior eProcessing
Analyst Andrew Jeffrey today initiated coverage of ReSourcePhoenix.com, Inc.
(NASDAQ:RPCX), with a Buy rating. The company, headquartered in San Rafael, Calif., offers a
complete financial management solution on an outsourced basis.
"We are initiating coverage of ReSourcePhoenix with a Buy rating and a 12-month price-target
of $18," said Jeffrey. "The company is first to market in the emerging industry for web-enabled
delivery of outsourced services, or eProcessing."
"We believe ReSourcePhoenix's current steep valuation discount, based on a conservative DCF
analysis, offers significant near-term upside potential for risk tolerant investors," said Jeffrey. "In
addition, we argue that even greater upside could be realized by a closing of the steep valuation
discount, based on the revenue multiple valuation approach."
--
"Thomas Weisel Starts Hadco at Strong Buy, Initiates 2 Others"
newsalert.com
Extract: "In other new coverage, analyst Perry Boyle started ReSourcePhoenix.com (RPCX), a provider
of outsourced financial management services, at "buy," with a 12-month target of $15.
ReSourcePhoenix should be able to achieve operating margins of 17% to 22% over the next
three to five years, Boyle believes. " |
