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Non-Tech : Auric Goldfinger's Short List -- Ignore unavailable to you. Want to Upgrade?

To: RockyBalboa who wrote (18556)	11/14/2006 8:39:13 PM
From: afrayem onigwecher	Read Replies (1) \| Respond to of 19428

Research Report: IIG Reiterate Buy EGE Institutional Research Report - Research Brief Rating: Buy Target: $20 Bullet points of research report: --IMERGENT BEATS OUR ESTIMATES FOR Q4 AND FY2006. --A POSITIVE CASH FLOW INCREASED TOTAL CASH TO $30.5M OR $2.49 PER SHARE. --TWO ADDITIONAL SEMINAR TEAMS TO BE ADDED IN FY 2007. --STORESONLINE SOFTWARE SALES TO BE TARGETED AT NEW VERTICAL MARKETS. --THE COMPANY HAS GUIDED TO A GAIN OF NET CONTRACTS WRITTEN OF 15-20% WITH GROWTH OF ADJUSTED PRE-TAX EARNINGS AT A HIGHER RATE. --MAINTAINING BUY RATING AND $20 PRICE TARGET. This represents a P/E multiple of 15.3x our non-GAAP Adjusted EPS estimate for FY 07. This valuation is roughly half the current average P/E multipliers of other similar companies serving this market and a Price/Sales ratio of 2.0x vs. 3.0x for the same comparables.