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Neue Kaufempfehlung mit Kursziel 15 $ The Penny Stocks Report ( http://www.penny-stocks-report.com ) initiates coverage of Thinkpath.com (NASDAQ Symbol: THTH) with a strong buy rating. The company is an IT staffing firm that specializes in the placement of information technology personnel. These highly educated workers are in scarce supply and enormous demand, with a recent study suggesting that demand exceeds supply of IT professionals by upwards of 500,000 workers. Under such conditions, IT professionals have enormous pricing power over businesses and Thinkpath.com is positioning itself to benefit off of that pricing pressure by placing itself between the IT staffer and the employer. One could think of Thinkpath.com as the eBay of the IT staffing market, auctioning off workers that are much sought after by corporations that are pushing forward to be competitive in the new information age. The company recently reported fiscal 1999 results that showed pro forma revenues of $43 million, versus sales of $12.5 million for 1998. The stock was hurt because of the necessity of additional investments associated with expanding operations, but this represents an excellent buying opportunity for the stock. Trading at a price/sales of 0.27, this stock is extremely undervalued and can show tremendous upside as soon as the Internet stocks come back in to favor. Even if they do not, on a pure valuation basis, it`s difficult to pass up a company with this type of revenue growth that can still retain profitability. Thinkpath.com is a steal at current levels, and we would project upside potential of $10-$15, or more if the NASDAQ reverses the losses suffered in the last two weeks. |
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| aus der Diskussion: | XNet - Annual Report liegt vor!!! |
| Autor (Datum des Eintrages): | Necmi (24.04.00 11:50:43) |
| Beitrag: | 6 von 40 (ID:841697) |
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