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LAKE HARMONY, PA -- (MARKET WIRE) -- 01/19/06 -- The IO Circuit recommends shares of automotive aftermarket supplier, Harvey Westbury Corp., Inc. (OTC: HVYW), which received a reiterated 'Speculative Buy' rating this morning from the OTC Risk Trader, a New York-based financial newsletter that provides market commentary and speculative trading opportunities on micro-cap companies.
Directly quoting the Newsletter Alert, "Our discounted cash flow (DCF) model calculation of fair-value suggests that a $.75 share price is justifiable based on revenue and earnings projections derived from our own independent research and interviews with the Company's management about current business conditions and future prospects for both acquisitive and organic growth." The report continued, "Notwithstanding our fundamentally based share price target, we believe the stock's inherent Historic Volatility (HV), propensity for large momentum swings and the Company's relatively low tradable float (approximately 5 Million shares) could precipitate a "slingshot" rally back to the $1.00 level HVYW shares reached in late 2005 after we originally recommended the Company at $.10. We would, however, warn subscribers that shares are overvalued at $1.00 and recommend taking profits, looking to re-establish long positions if and when shares retrace back to or below $.60."
Other active stocks are Aurus Corp (OTC: AURC), Global Energy Resources Inc. (OTC: GERI) and MakeMusic Inc. (OTC: MMUS).
Information, opinions and analysis contained herein are based on sources believed to be reliable, but no representation, expressed or implied, is made as to its accuracy, completeness or correctness. The opinions contained herein reflect our current judgment and are subject to change without notice. We accept no liability for any losses arising from an investor's reliance on or use of this report. This report is for information purposes only, and is neither a solicitation to buy nor an offer to sell securities. A Third Party has hired and paid $595.00 for the publication and circulation of this report. Certain information included herein is forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995, including, but not limited to, statements concerning manufacturing, marketing, growth, and expansion. Such forward-looking information involves important risks and uncertainties that could affect actual results and cause them to differ materially from expectations expressed herein. We have no ownership of equity, no representation and do no trading of any kind.
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