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Microcap & Penny Stocks : Emerson Radio Corp (MSN) -- Ignore unavailable to you. Want to Upgrade?

To: FRANK J CATALANO who wrote (3487)	1/8/2003 12:53:43 PM
From: StockDung	Respond to of 3501

Press Release Source: Sky Capital LLC Sky Capital LLC Issues 'Strong Buy' on Emerson Radio Corporation; 12-Month Price Target of $10 Tuesday January 7, 4:43 pm ET NEW YORK, Jan. 7 /PRNewswire-FirstCall/ -- Sky Capital LLC, an investment research and banking firm with offices in New York and London, has initiated research coverage of Emerson Radio Corporation (Amex: MSN - News) with a "Strong Buy" recommendation. The stock is currently trading at $5.49. The report, prepared by the firm's special situations analyst, Stevens R. Monte, CFA, cited enhanced earnings due to the growing stream of licensing revenues and the Company's sales of popularly priced, basic consumer electronic products to an expanding universe of economy-minded consumers. "We believe that Emerson Radio brand sales will advance handsomely in the years ahead, achieving enhanced profitability along the way," said Monte. Monte believes that the Company is undervalued relative to its peer group and has placed a 12-month target price for MSN at $10 per share. Sky Capital LLC is the investment research arm of Sky Capital Holdings, Ltd., a publicly traded company listed on the London AIM exchange, trading under the ticker symbol SKY.L. This release is available on the KCSA Public Relations Worldwide Web site at www.kcsa.com . Sky Capital LLC is a member of the National Association of Securities Dealers, CRD number 114657. -------------------------------------------------------------------------------- Source: Sky Capital LLC Email this story - Set a News Alert