Envoy Communications ECG.T envoygrp.com IR:1800-761-4944
Envoy is in the advertising, event planning, database marketing, print design, web site and cd rom development , etc. business. They offer a full range of business communications services, allowing them to cross market their differrant divisons to clients.
The company had EPS growth last year of 100% on a revenue gain of 46%. Q1 eps was +100% on revenue +13%. Q2 (to be released near month end) is forecast to be around eps +50%. Growth will come from continuing to add to an impressive client base that includes Microsoft Can, A+w Can, United distillers, Toronto Transit, Japan camera, Expressvu, and the LCBO. The company also intends to make aquisitions, and raised $5.2 million last fall for this purpose. The company is currently completing DD on a target and announcement may be made in a couple of weeks. The company has won a number of industry awards for their work, including commercials for Japan Camera and the "Ride the Rocket" ads for the TTC.
New York newsletter BI research (rated by Hulbert digest 3rd best advisory for the last decade), who focus on stocks that will at least double in 2-3 years, recently did a very bullish review (can be seen at Envoy's site). The Buy Low Sell High newsletter featured Envoy in 96.
Management have extensive expirience in the field ( I'll leave further comment to Grant McMillan as I believe he is a former employee). President and CEO GEnovese, according to the latest insider trading reports, holds 950,000+ shares. The next to largets insider holders ahve far fewer - Hillbrich 76000 and Sttavenjord 200,000, but were both adding in the last 6 months. The companies Ir rep got 150,000 options last fall, half can be excersized in the first year.
the companies shares have traded between $3.20 and $4.77 in the past year and are currently meeting resistance at $4.75 following a runup from around $3.60 at the end of the year on the heals of the BI report. In 97 the shares traded between the year starting $2.40 and a high of $4.55. The shares started 96 at an artificially low .50 following the failure of their major account at the time (expressvue) to launch on forcast and the usual VSe rollback/cheap pp to insiders that was don at the end of 95.
This is a little closer to the requested form but I realize far from perfect. I've been messing with a new pc and new internet provider all day and its time to turn this *#&@ thing off. |
