CybeRelease Announces (OTC: HVYW) Gets Buy Rating With $.75 Price Target
( CybeRelease.com, January 18, 2006 ) - Lake Harmony, PA - CybeRelease reports Shares of automotive aftermarket supplier, Harvey Westbury Corp, Inc. (Pink Sheets: HVYW), 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 (approx. 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.”
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