Remember our IIG pick from March 2005? The stock was trading at $11 then and fell all the way to $4 a share! Now IIG is at $23. Patience and a strong heart will make you $$$.. FYI, stocklemon is still trying to knock this down. Tonight i will publish more info on our MED pick and why this will be the big winner of 2007.
Imergent Inc (IIG)<------------------------- Our pick from 3/05
++++++++ INVESTMENT HIGHLIGHTS +++++++++++++
* P/E RATIO OF 6.
* RECENTLY RAISED ITS 2005 REVENUE GUIDANCE TO $102 MILLION.
* 2005 INCOME GUIDANCE OF 80 - 90c/SHARE.
* LOW FLOAT OF 7 MILLION SHARES.
* ABOUT 30% OF THE FLOAT ARE RECENT SHORT SHARES.
* MARKET CAP IS ONLY $130 MILLION.
* $7M CASH...NO LONG-TERM DEBT.
* 2 ANALYSTS RATE IIG A "BUY"...TARGET $26/SHARE.
* CEO SPENT $270,000 IN THE LAST TWO WEEKS BUYING IN THE OPEN MARKET
ACCORDING TO EDGAR.
In recent days IIG has been severely pounded primarily by a notorious
short...Stocklemon through a number of unsubstantiated fabrications.
There
is a reason for it, Stocklemon is a big IIG short according to its own
admission.....see the disclaimer at the bottom of this page:
stocklemon.com
The fact is that iMergent (AMEX: IIG) is a profitable money-making
machine.
The recent drop has lowered its P/E to a ridiculous value of 6. When
fairly
valued, IIG will be able to command over $25/share. IIG expects to
produce
80 - 90c/share profit this year on 30% revenue growth to over $ 100
million!!!. The three analysts covering the stock have an average "BUY"
rating with a $25/target.
IIG is a rocket in the making with only 12 million O/S shares and about
7
million shares on the float. Well over 1 million and as much as 3
million of
the float are shares short. This stock can easily double when these
suicidal
shorts decide to cover. I believe that will happen this week.
On January 27, 2005, IIG reported strong 2Q 2005. Two weeks later the
stock
was trading at over $25/share:
Earnings highlights:
Record Quarterly Revenue of $31.4 Million
Earnings Before Taxes Increased 234% to $4.9 Million
EBT per Diluted Share Increased to $0.39
EPS After Taxes Increased 100% to $0.24
Cash of $7.2 Million....No Long-term Debt
Looking ahead, iMergent increased its expectations for 2005 revenue
growth
to 30 percent to 35 percent from a previous estimate of a 20 percent to
30
percent improvement. In 2004, the company posted revenue of $81
million.
Analysts expect the company to post revenue of $102.6 million for 2005.
Earnings will be in the range of 80c - 90c/share.
biz.yahoo.com
In the last two weeks CEO Danks has invested over $270,000 buying IIG
stock
on the open market. This shows me that he has 100% confidence on the
long-term prospects of his company.
This is a real company with real people and a real business. Do you think these funds have done DD? We do...
TOP INSTITUTIONAL HOLDERS
Holder Shares % Out Value* Reported
Goldman Capital Management, Inc. 581,000 4.98 $9,330,860 25-Feb-05
Constitution Research & Management Inc 327,600 2.81 $5,261,256 25-Feb-05
FMR Corporation (Fidelity Management & Research Corp) 266,800 2.29 $4,284,808 25-Feb-05
Wellington Management Company, Llp 236,000 2.02 $3,790,160 25-Feb-05
Barclays Bank Plc 169,255 1.45 $2,718,235 25-Feb-05
Weiss, Peck & Greer LLC 150,300 1.29 $2,413,818 25-Feb-05
James Investment Research, Inc. 84,540 0.73 $1,357,712 25-Feb-05
Legg Mason Inc. 55,750 0.48 $895,345 25-Feb-05
Gartmore Investment Management, Plc 51,724 0.44 $830,687 25-Feb-05
JHC Capital Management, LLC 40,000 0.34 $642,400 25-Feb-05
TOP MUTUAL FUND HOLDERS
Holder Shares % Out Value* Reported
Fidelity Low-Priced Stock Fund 336,500 2.89 $5,404,190 25-Feb-05
Hartford Smallcap Growth Hls Series 169,000 1.45 $2,714,140 25-Feb-05
Hartford Small Cap Growth Fund 68,000 0.58 $1,092,080 25-Feb-05
James Advantage Small Cap Fund 41,800 0.36 $671,308 25-Feb-05
Royce Technology Value Fund 40,000 0.34 $642,400 25-Feb-05
Boston Partners-Long/Short Equity Fund 29,625 0.25 $475,777 25-Feb-05
Royce Micro Cap Trust 15,000 0.13 $240,900 25-Feb-05
Spartan Extended Market Index Fund 3,575 0.03 $57,414
Check out imergentinc.com . Did you know the the head of IIG's audit commite was the COO for George Soros for 10 years? Does stock lemon have a qualified guy like this? 149 employees and not a real business? A P/E ratio of only 7? They make money! IIG came out with a PR today. They are inviting the Big Boys to IIG for presentations on the software and how great it works. Would they do this if they had something to hide? I hear they are flying in 20 plus and another 20 are coming also. Read the PR
biz.yahoo.com
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