GREY:ABCXF - Post by User
Comment by
Bobwinson May 31, 2010 2:36pm
679 Views
Post# 17143995
RE: RE: RE: RE: Research Target $3.20
RE: RE: RE: RE: Research Target $3.20Reviewed Mackie Research and Jennings Capital brokerage reports on ABC.v.
Both recommend buy and have target prices of 2.30 and 2.50 for 12 months.
Mackie is forecasting ..07eps and .09 cashflow for Q2 and eps of .25 for 2010
Jennings predicts .08eps for Q2 and .28eps for 2010.
Obviously both are expecting a big jump in sales for Q2 as the Daqing plant is online for the whole qtr. Q1 was 39million but Jenning forecasts 70.8 million. Since Q1 actual was below both companies forecasts, the actual number for Q2 may be lower along with eps and cashflow but anything in the .05 to .08 would be a tremendous improvement over 2009 results. ABC.v earned .03eps for the whole year of 2009 so eps is projected to leap by a factor of 9!
Bought a few more this morning.