Though so. This Todd Pitcher pushing Energy Power is a crook. How is Rafi Khan involved in Energy Power? I see this crook also recomended NTWK. What kind of stock scam are you runnin?
CONTACT: Todd Pitcher of Hampton-Porter Investment Bankers,
Hampton Porter Raises EnPointe Technologies to a Strong Buy
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Story Filed: Tuesday, April 18, 2000 11:32 AM EST
SAN DIEGO, Apr 17, 2000 /PRNewswire via COMTEX/ -- The following is being issued by Hampton-Porter Investment Bankers, a member of the National Association of Securities Dealers, CRD number 42949:
We believe that EnPointe Technologies has been significantly oversold due to current market conditions, and remain confident that EnPointe represents a meaningful buying opportunity at current levels based on the following metrics:
* We believe that EnPointe remains on track to fiscal year 2000 revenues
of more than $700 million, with improving margins in its Supply Access
and Firstsource.com divisions, of which EnPointe owns 45.1% and 52%
respectively.
* We expect En Pointe's core business to announce two major contracts over
the next quarter that should contribute an additional $40 million in
revenues.
* EnPointe recently closed second round financing of SupplyAccess,
retaining a 45.1% stake of the 32.5 million shares outstanding. We
anticipate that Supply Access will go public in Q3 to Q4 of 2000, and
this should unlock significant value to EnPointe's shares based in large
part on the anticipated market acceptance of SupplyAccess and its
competitive positioning in the burgeoning B2B space.
Note that EnPointe is currently garnering a $59 million market capitalization. We believe that SupplyAccess should go public at approximately $15 per share. With a trading discount of 25%, this represents an additional $170 million that can be built into EnPointe's capitalization.
* We expect that Firstsource.com will reach upwards of $75 million in
revenues for fiscal year 2000 with gross margins almost doubling into
2001.
At current price levels, we reiterate that EnPointe represents significant upside potential for aggressive growth oriented investors and is therefore rated a STRONG BUY with a 12-month price target of $31.
Hampton Porter, All Rights Reserved.
This material is for your private information, and we are not soliciting any action based upon it. This report is not to be construed as a solicitation to buy or sell any securities in any jurisdiction where such an offer would be illegal. The material is based upon information that we consider to be reliable but we do not guarantee that it is accurate or complete, and it should not be relied upon as such. Opinions expressed are current opinions as of the date appearing on this material only, and of Todd M. Pitcher. While we endeavor to update material on a reasonable basis the information discussed herein, there may be regulatory, compliance or other reasons that prevent us from doing so. Our officers, directors and employees, including persons involved in the preparation or issuance of this material may from time to time, have long or short positions in, and may buy or sell the securities or derivatives (including options) of companies mentioned herein.
SOURCE Hampton-Porter Investment Bankers
(C) 2000 PR Newswire. All rights reserved.
prnewswire.com
CONTACT: Todd Pitcher of Hampton-Porter Investment Bankers,
619-234-3345
KEYWORD: Utah
INDUSTRY KEYWORD: FIN
CPR
SUBJECT CODE: RTG
URL:
hpib.com |
