PINC, with estimated 1999 earnings of $.50 per share and year 2000
earnings of $.95, is extremely undervalued and offers substantial
price appreciation potential! Using a price earnings ratio (PE) of
20 x projected earnings, we forecast a near term price target of
$6.00 to $10.00 by December, 1999 and a longer term price target of
$15.00 to $19.00 by December, 2000. PINC is currently trading at LESS
than $1.00.
Let's see... there are 15,134,368 shares of PINC outstanding. Thus, to earn .50 a share they would have to earn a profit of $7,567,184!
Does anyone thing WSRG will be holding on until December? Let's look at the disclaimer for a clue:
THIS IS A PUBLICATION OF WALL STREET RESEARCH GROUP, A FINANCIAL COMMUNICATIONS AND INVESTOR RELATIONS COMPANY. WALL STREET RESEARCH GROUP, A DIVISION OF WALL STREET FINANCIAL GROUP, INC., SERVES AS SPECIAL ADVISOR TO THE FEATURED COMPANY AND HAS RECEIVED A BASE FEE OF 75,000 SHARES OF FREE TRADING COMMON STOCK FOR 6 MONTHS REPRESENTATION IN ADDITION TO EXPENSES FOR PREPERATION AND DISTRIBUTION OF MATERIALS INCLUDING THIS REPORT. MORE DETAILED DISCLOSURE REGARDING FEES PAID IS AVAILABLE UPON REQUEST.
"Has" received. "Free trading"? Does this sound like a company that is willing to wait around for their own projected 6-10x return on investment-- a potential $450,000-750,000 payout on just one client?!
BTW, Ztect was quite correct about this sentence being misleading:
Cardservice, whose partners include First Data Corp (NYSE: FDC), transacted over $6 Billion in credit card transactions in 1998...
The term I coined for this is "leeching". PR Newswire has a policy against that and so should the SEC:
PR Newswire, which distributes business press releases, said last fall it will not allow companies to mention more well-known firms in their releases unless they have a deal with those firms. Promoters were peppering press releases with names like Microsoft and Amazon.com, knowing those names would be picked up by search engines and give the press releases broader distribution.
usatoday.com
- Jeff |
