IWG TECHNOLOGIES INC V.IWG

Fundamental– Fair Value Suggests A Near Double For IWG Stock

[HGBlog]

A recent report from Fundamental Research analyst Siddharth Rajeev calls IWG Technologies a BUY with a fair value of $0.40, almost double its current price share price.

In his report titled, “IWG Technologies Inc. – Q1 revenues up 10% YOY; in line with expectations”, Mr. Siddharth raises IWG’s FY2014 revenue and EPS estimates due to the stronger US$, industry wide growth, and the launch of a new product in Q2-2014. He highlights that with $1.19 million in cash, $2.88 million in working capital, and a low debt to capital of 6.9%, IWG’s balance sheet continues to be strong and healthy.

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