here is the news on DAGM today: (COMTEX) B: LEADING FINANCIAL FIRM RECOMMENDS DAG MEDIA AS SMART STOC
B: LEADING FINANCIAL FIRM RECOMMENDS DAG MEDIA AS SMART STOCK BUY; SAYS TO BUY
AT 3-5/16; PRICE TARGET OF $7-8 IN NEXT 18 MONTHS
NEW YORK, Dec 1, 1999 /PRNewswire via COMTEX/ -- Wallstreet Research,
a prominent Los Angles-based financial institution, recommends DAG
Media, Inc. (Nasdaq: DAGM), the leading independent print and online
publisher of yellow pages directories, as a stock to buy, with expected
significant price appreciation within the next twelve months.
Wallstreet Research believes that DAG Media has reached its price
support level and trades near its lows.
The firm's report recommends buying the stock at 3-5/16 for investors
seeking high reward potential with corresponding risk. Wallstreet
Research have targeted the price of $7-8 in the next eighteen months.
Trading on the Nasdaq since May, 1999, DAG Media has established itself
as one of the most innovative and fastest-growing niche-oriented
publishers of yellow pages directories. The company is set to publish
New Yellow, a print and online general-interest yellow pages directory
that is challenging the monopoly of the Bell Atlantic Yellow Pages in
the New York City market in March, 2000.
The Wallstreet Research report states that the added-goods and services
are competitive features that offer an attractive product compared to
Bell Atlantic. New Yellow will publish local directory content and
lists thousands of New York Businesses plus value added data in a
user-friendly, organized and attractive format. DAG Media plans to
distribute approximately one million copies of New Yellow.
"We are pleased with Wallstreet's analysis and recommendation,"
commented CEO and president Assaf Ran. "DAG's success and continuing
growth is due to variety of factors including smart, cost-cutting
management, an aggressive sales force, expanded e-commerce activities,
and our ability to implement effective market strategies that
consistently keep us at pace with our competitors."
SOURCE DAG Media, Inc.
(C) 1999 PR Newswire. All rights reserved.
prnewswire.com
-0-
CONTACT: Lori Rosen, or Frank DeLuca, 212-255-8455, for DAG Media
WEB PAGE: jewishyellow.com
GEOGRAPHY: New York
California
INDUSTRY CODE: PUB
FIN
SUBJECT CODE: RTG
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