ReSourcePhoenix.com, Inc. (RPCX) Message Board

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Technology Stocks : ReSourcePhoenix.com, Inc. (RPCX)

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To: HiSpeed who wrote ()	12/15/1999 8:38:00 PM
From: Rupert	Read Replies (1) of 21

Glowing buy reiteration from Robertson Stephens. These guys are pounding the table (although it's a buy rec not a strong buy from them). Too bad I got completely stopped out on RPCX at $15 5/8 the day _before_ this came out! :( In this market, a better name for stop loss orders would be stop profits. Anyway, good luck to all: "Robertson Stephens Reiterates Buy Rating on RPCX - Robust Demand Fuels our Enthusiasm" newsalert.com " SAN FRANCISCO--(BUSINESS WIRE)--Dec. 14, 1999--Robertson Stephens Senior eProcessing Analyst Andrew Jeffrey today reiterated his Buy rating on ReSourcePhoenix.com, Inc. (NASDAQ:RPCX). The company, headquartered in San Rafael, Calif., offers a complete financial-management solution on an outsourced basis. "We are reiterating our Buy rating and near-term price target of $27 on ReSourcePhoenix.com," said Jeffrey. "We believe eProcessing investors should become increasingly aggressive in their accumulation of ReSourcePhoenix shares. Recent conversations with management indicate to us that the tone of business is strong and demand for the company's services appears to be accelerating." "As with many Internet-based Business-to-Business services, we believe Business Process Outsourcing (BPO) demand has accelerated significantly over the past several months," said Jeffrey. "In our view, ReSourcePhoenix is among the first movers in this burgeoning market." Jeffrey continued, "It is our opinion that the stock deserves a valuation at least approaching the comparable group, or approximately 12 times our 2000 revenue estimate of $24.9 million. Such a valuation implies a near-to-intermediate term target price of $27 and a 12-month target of nearly $70." <snip>

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