Stockhouse Front Page Story "Fund Manager Steven Misener Expects 40-150% For Top 4 Pick" - LAN in list!
This is great and it just keeps getting better. LAN is trading at a discount, down $1.90 (54%) from the March 14,2000 high of $3.50. The over reaction to PP announcement was unwarranted (pun intended ). Many of you, like I did, bought based on the anticipation of a profit announcement among other things and this will be announced next week. There is no reason why LAN won't hit $3.50 again and more. Even Misener is calling for $5.00. Great time to accumulate and average down at these prices. I did!
See a partial copy of the Stockhouse Front Page Story +Fund Manager Steven Misener Expects 40-150% For Top 4 Pick+ below:
StockHouse: What are your four top stock picks?
Steven Misener: Well, I'll give you the list first of all and we can talk about them individually. I have Plaintree Systems [T.LAN], Baytex [T.BTE], SiGEM [O.SGEM] International Forest Products [T.IFP.A].
If we talk about the wireless sector first and technology we can cluster Plaintree and SiGEM in there. SiGEM is a GPS company that offers systems integration using both hardware and software to allow companies to get engaged in GPS positioning. We like the company a lot. We like it because they recently closed on a very positive and strategic acquisition that brought the software aspect into the company. The [acquired] company was called GMSI Inc. They have a lot of exciting business opportunities and we would look for them to do about $20 million in revenues this year and upwards to 100% growth in revenues next year and beyond. We think it's quite realistic for the company to seek and achieve a more senior stock listing before the year is out. The stock is trading at about $5.50 to $6.00. We think $10.00 is a very reasonable valuation for the company 12 months out.
StockHouse: I have been hearing positive things about Plaintree Systems lately.
Steven Misener: Well, it's in a major turn around mode. This was once a $20 stock and it bottomed out, I think, at $0.17 last June. It's already on the TSE, which provides for greater access and shareholder recognition. While the name Plaintree brings some mixed memories to investors, the name Plaintree, in the industry that they're in, which is wire line local area networks, is a highly respected product name, and so they've elected to stay with the name of the company. They have brought in new management, they have refinanced the company or they're engaging in refinancing the company. Those were the two most critical issues and they have cut costs dramatically. The company rarely made money in the last 10 years. Rarely. We believe it is going to be a profitable entity going forward, so we're quite keen on that. They have also acquired a point-to-point infrared wireless division, which is going to allow them to offer wireless LANs or Local Area Network switching with a wire line. We think that the marriage of those two is an outstanding business opportunity.
StockHouse: What is your a 12-month target for them?
Steven Misener: Well the stock is trading at $2.00 right now. We think that $5.00 is quite within the reach of the company. Watching them turn a profit in the next few quarters will be a major turnaround. We also like the track record of the new management that they have brought in.
StockHouse: What do you believe their competitive edge is over other comparable companies?
Steven Misener: Well, I think the fact that they can offer both an integrated system of wire line and wireless for large business users makes them unique.
For the full story here is the link :
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