Comtech (CMTL) Message Board

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Technology Stocks : Comtech (CMTL)

CMTL 2.720

-5.2%

11:44 AM EDT

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From: JakeStraw	1/11/2010 2:08:31 PM
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We are initiating coverage of Comtech Telecomm with a Buy rating and believe a potential valuation range of $45-50 per share based on an EV/EBITDA multiple of 5.5-6.5x is achievable. As the year progresses we expect clarity on the BFT (Blue Force Tracking) and MTS (Movement Tracking System) contracts to move the multiple. We also believe a strengthening economy will lead to better than expected satcom modem results, and excellent cost controls to propel estimates higher. finance.yahoo.com

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