Fatty,
this stock was ignored by the market, for too long. If this company were to raise 'normally', since its IPO in 1997, it would have easily reached current levels. (It was <$30/share, <$2 bil mkt cap, for 2+ years.)
Looking at the press announcements (about their products), new PR and the new powerful image .. this stock still has room to grow before slowing down.
These days, with the rapid and easy spread of information, stocks move in digital fashion, jump up (to 12 month price target) and plateau for some time, and then take the next jump. As we've noticed, BEAS easily went past few of those targets. It shows that this company truly deserved to be in better valuations.
I would say, a 12 month target of $250/share and 24 month of $500 should not be difficult to achieve.
(Because of the digital nature of our stock market, CSFB is afraid to put the target at $250, though they know that BEAS can get there. Since they put that target, few investors may pull back now. This should present a good buying opportunity.)
The difference is that this company is not your typical startup marketing the 'future potential'. They have real R&D, solid products, large customer base and great future potential. Compare BEAS only with Cisco/Oracle.
The key here is - how will BEAS take advantage of this renewed awareness about their company and translate it into bigger and bigger sales deals? How about BEAS to be the foundation for CMRC/FMKT/VERT/CMDX/any other new major B2B portal, more Amazons and E*Trades, and more Dutch Telecoms?
This is the year for BEA .. to take over the middleware market.
Let us see what Coleman says on CNBC today (powerlunch).
- Zelix |
