ACRT about to move to new highs Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Microcap & Penny Stocks : ACRT about to move to new highs

ACRT 0.110

-7.6%

Dec 30 4:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Z man who wrote (5252)	4/28/1998 10:35:00 PM
From: DAVID C. DeANGELIS	Read Replies (2) of 7054

INDIVIDUAL INVESTOR MAG. UPDATE 4/28/98 Actrade Buy Recommendation Reiterated; Buy We continue to rate Actrade International (NASDAQ: ACRT) a buy especially after its latest quarter. On April 23, Actrade announced strong third quarter results with revenues up more than 97% to $25.5 million from the year-ago quarter. All margins improved substantially which resulted in earnings rising 63% to $0.13 per share. The company's balance sheet looks very strong with $7 million in cash and no long-term debt. As of March 31, the current ratio is 10.6. ACRT's TAD program continues to grow at a very rapid rate. For the last three to four years, TADs grew on average by more than 200% and are expected to increase by more than 100% this year, to account for more than $50 million of total 1998 revenues. We expect earnings to increase 85% to $0.52 per share in 1998 on revenue of about $100 million and to $0.88-$0.90 per share in 1999 on revenue of $200 million. Our year-end price target is $25. Updated 4/28/98 with ACRT trading at $15.25. Recommended 11/18/97 at $22.75.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next