GREY:LFDEF - Post by User
Post by
longrunon Jul 23, 2014 10:08am
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Post# 22773165
5.50 target
5.50 target I am sorry it is 5.50 Bucks ,,
And then there’s Urthecast (TSE:UR), the Vancouver space-tech company whose CEO was the keynote speaker at our Fast Growth 50 conference earlier this year. Its shares are down more than 40 per cent this year, but Clarus’s Eyal Ofir thinks that could represent the buying opportunity of the year. “In our opinion, Google’s recent acquisition of SkyBox, a close UR competitor, reaffirms the opportunity in the Earth Observation (EO) market and validates UR’s longer term consumer play,” he writes. “With the overhang on the stock related to geo-political issues due to the Russia/Ukraine situation along with minor commissioning delays of the cameras, which we believe will abate, we would like to remind investors of the revenue potential and margin profile of the company ‘cheating’ the economics within the established EO market.” Understandably, he has a ‘speculative buy’ rating on the company, but it comes with a $5.50 price target – more than 300 per cent higher than where they’re trading today.