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Author Topic: RASCAL analyst has a 2$ target ... that's realistic ?
be_cool
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here's the news "RASCAL Rated 'Speculative Buy/4,' Target $2 By Investrend Analyst Robert J. Vile, CPA, CFA":
http://biz.yahoo.com/pz/040412/55603.html

Now the stock is trading 0.145 $ per share.
2$ would be nice. Buy or not ?

What's your opinion ?

Ciao


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Bob Frey
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$2

Not in our life time...

analyst: How much they pay them?


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KAHruzer
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I did a bit of DD on this one and, like the analyst, came up with 2004 earnings of $0.10/share x10 = $1.00 and 2005 projected earnings of $0.20/share x10 = $2.00/share.

Seems there's 310 million shares outstanding with 2004 projected revenues to be $3 Million, double that in 2005.

So, I can see it getting to $1.00 this year if they meet their plan, which they have been doing thus far.

Once at $1.00, $2.00 doesn't seem that far off. But, at today's prices ($0.16), I don't think I'll hold my breath. A run to something over $0.25, possibly as high as $0.50-$0.60 seems highly likely in the short term.

My $0.02



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ChrisNC
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Easy answer is get free shares and forget about it

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Chris


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be_cool
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...so the conclusion is BUY ? ...or NOT BUY ?

Who has bought some ? ...and why ?

For me it looks like a good chance, because the analyst arguments looks serious (no pumping !).

Ciao


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