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Microcap & Penny Stocks : CITI --- low P/E, low float, selling under book value

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To: Little Engine who started this subject4/2/2001 1:00:11 PM
From: Mighty_Mezz  Read Replies (1) of 222
 
Beloyan reiterates strong buy on CITI
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I am reiterating a STRONG BUY on Canterbury Information Technology, Inc.
(Nasdaq:CITI) with a 6 month target of $4.00 and a 12 month target of $6.00. Last
month CITI announced year-end results that showed tremendous growth both in
earnings and revenues. With the stock trading around a 10 (PE) Price Earnings Ratio,
it is obvious to me the market isn't paying attention to this company. With consistent
growth over the past 2+ years CITI shares should be trading at higher prices. I believe
that this company is trading way undervalued. Last month the Company announce a
"double" in revenues and EPS of $0.11 versus $0.08 for the year. I believe that CITI
will earn this fiscal year in excess of $0.16 per share. With the industry trading around
a 30 PE, I believe the shares now should be trading around $3.30. Take a good look
at this company as it has consistent growth and good management and has traded as
high at 4 5/8 and at low as 1 in the past year. I don't believe that there is much
downside from here. You can check out the Company web site at:
WWW.canterburyciti.com
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from newsalert.com
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