BRLC is back in the 7.80's after a trip to the 7.10's yesterday on the negative Stocklemon report. After reading a Yahoo poster's 6 message rebuttal, and making a trip to CompUSA (there were 4 Olevia TV's on display out of the 15 LCD TV's to choose from), i'm convinced StockLemon screwed this one up badly. Anybody who is in this one, i would encourage to read the rebuttals.
Btw, the main catalyst for today's move up might be Breen Murray's reiteration/upgrade:
09:24 BRLC Syntax-Brillian: Strong shipments suggest upside trend will continue - Brean Murray (7.38 )
Brean Murray says though there are nearly two months remaining in the Dec quarter, their latest checks suggest BRLC is already shipping ahead of expectations. Additionally, firm's research suggests purchase orders for 3QFY07 (March 2007), driven by increasing uptake by large U.S. retailers, can significantly surpass their projection. Meanwhile, on the supply side, BRLC's strong ecosystem not only ensures timely, lower-cost components, but also greater access to financial resources, in their evaluation. As such, they are even more confident that BRLC can continue to deliver 100%+ rev growth and positive cash flow, and they expect BRLC's trading multiple will continue to expand toward its growth rate. |
