TSXV:VER.H - Post by User
Post by
Kantenahon Feb 11, 2008 5:49pm
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Post# 14353099
Vote of confidence from Versant
Vote of confidence from VersantOK... I realize that this is a biased source, but nonetheless it is reassuring to hear some confident statements leading into Wednesday's earnings announcement. Here is a clip from a report issued today (Feb. 11/08) from Neil Linsdell from Versant Partners - I'm sorry but I don't have access to the full report (perhaps someone else could fill us in).
"Results for fiscal Q1, ended December 31, will be released on Wednesday, February 13. This will be the first period with a full quarter of contribution from the Med-Eng acquisition. We expect record results as the company shows financials that will include the fully integrated Med-Eng business for the first time. We expect the company to easily meet our forecasts based on previous guidance and delivery against the backlog. We maintain a BUY recommendation and target price of $10.50 using an 8× EV/EBITDA... "
Neil is about as close to "insider information" as we can get. His words sound good to me.
-K