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Technology Stocks : Boston Communications Group

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To: Tokyo VD who wrote (59)11/28/1997 7:27:00 PM
From: Paul darby   of 136
 
Finally! Found Some news today!

The bad news is it's GOOD news! Still doesnt explain why it's been down the last few days. Here's what I found:

PALO ALTO, Calif.--(BUSINESS WIRE)--Oct 28, 1997--Feshbach Brothers' analyst, Aparna Bhardwaj has initiated a $1.00 FY99 EPS estimate for Boston Communications.

Feshbach Brothers Investor Services Inc., initiates $1.00
FY99 EPS estimate for Boston Communication Group,
Inc.; Maintaining a "BUY" rating

BCGI on Thursday announced its 3Q FY97 results. The company reported an EPS of $0.01, which was in line with both our estimate as well as the Street estimate. We strongly believe that the company is very well positioned to be one of the dominant providers of prepaid wireless service in the United States. We are maintaining our estimates and a positive long-term outlook on the company and are initiating $1.00 FY99 EPS estimate. BCGI is currently trading at 33.5x our FY98 earnings estimate of $0.50 and 16.8x our FY99 estimate of $1.00. We expect the company to grow earnings at an average 50% over the next five years and strongly believe that at current prices the stock is particularly attractive and represents an excellent buying opportunity.

Feshbach Brothers Investor Services Inc. is a research boutique providing a high level of investment banking and brokerage services to institutions and corporations.

Feshbach Brothers Investor Services, Inc.
Aparna Bhardwaj, 650/688-3127

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