UPDATED EVIS ANALYSIS:
Hi All EVIS Longs! Great day today, huh? Well, I thought that since EVIS has risen quite a bit
since my initial DD package, that it would be worthwhile to recalculate a few things.
First of all, whether the float turns out to be 3.6 mil or 11 mil, (even if it is 11, it won't take too
many more 2.5 million share days to eat that up), there seems to be no dispute that the total
shares outstanding are about 19 million. SO;
At today's close of 2 19/32, EVIS has a market cap of roughly 49 million. HRCT, with a close
today at 19.5, has a market cap of roughly 370 million. HMMM. HRCT has 2 employees and no
revenue. EVIS has 222 employees and revenue of 28.8 million in the last 9 months. They also
have many other subsidiaries: Ebanker, secutron, Q6 with investments in broadband, etc. SO
for EVIS to gain even 1/2 the market cap of HRCT, Evis would have to trade at roughly 10
dollars/share. I believe that the market will much more reward EVIS than 1/2 of HRCT's market
cap once news is released and people begin to understand just how diversified this company
really is. Thus, my 15 dollar price target that I have stated many times over the last few weeks.
I think it is worth my repeating one story that I posted here last night:
You know, one thing that I have learned over the years is that if
you really believe in a stock and want it, don't concern yourself over trying to trim an 1/8th or
whatever off the ask. You might never fill and your dream stock can run without you. I know this
first hand. In my opinion, whatever anyone has to pay tomorrow, whether it be 2.50, 2.75, or
3 will be richly rewarded, assuming you don't panic sell if the stock retreats some from your
purchase price. In my mind I continue to see a 15 dollar stock once news is released. I am
convinced of this. SO, who wants a 15 dollar stock for 2.50, 2.75, or 3? Starting to get
the point? The quarters and dimes now make no difference when EVIS really takes off. It is
almost like printing money.
Hope this analysis helps |
