Some analyst highlights:
"Within the next few weeks, we estimate that the company will report 4Q97 (ended October 31, 1997) results that meet our 4Q97 revenues and EPS (before non-cash charges) estimates of $23.2 million and $0.09, respectively. However, the company's recent positive developments, which include significant contract awards from major carriers, cable TV companies, and governmental agencies, lead us to believe that there is upside to our earnings model. Given these circumstances, we are maintaining coverage of ABTE with a ''Strong Buy'' recommendation. Our 12-month price target remains $17, or 25x our FY99 EPS estimate of $0.69."
"We believe ABTE should be trading in the $10-$12 range today based on its stand-alone fundamentals and not simply on takeover speculation. We do not think ABTE is currently for sale and do not expect management to put the company in play until significantly more value has been created for its shareholders."
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Sounds like $12 is too low for a buyout.
Happy trading,
4profit |
