Thursday, 16 August 2007

BRAINHUNTER'S STOCK VALUE 136% TOO LOW


One week before Brainhunter announced it is studying the possibility of a private equity deal that may result in the company saying adieu to public markets, a research report concluded Brainhunter's stock price should be 136% higher than it was trading at.
The report by Fundamental Research Corp. estimated the fair value of Brainhunter's stock was $1.79.

That was on Aug. 7th, when the stock was trading in the $0.75 range.

The report, which was not released by Brainhunter but appeared on the Internet mid August, found that Brainhunter's impressive growth and promising prospects were being missed by investors.
Project authors Brian Tang, CFA, and Siddharth Rajeev, MBA, said organic growth alone should drive FY2007 revenues to $237,894,180, a 42.9% year-over-year increase from 2006.

They estimated FY2008 revenues to increase 15.5 % over 2007 and that it will find the Holy Grail of profitability in 2009.

Furthermore, the report found Brainhunter's already impressive growth through acquisitions was equally promising in the near term.

Click here to see the full report.