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WSNC
Traders Alert
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 Elray
Gaming. Inc. (OTC:ELRA)
Online and mobile casino technology, smaller version of Zynga (ZNGA)
- 14 million outstanding, low float...target $0.50+
View Profile/Chart --- ELRA
Quote
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Ludlow
Research Issues Upgrades on PERL and ECDC
By: staff
reporter, John Bodger
Last Updated: April 30,
2012 - 8:30pm EST
(NEW YORK)--Ludlow Capital, an equity research firm based out
of New York City, issued research upgrades on East
Coast Diversified Corp. (OTC:ECDC),
and Perla Group International, Inc.
(Pink:PERL).
Perla Group International (PERL), a
leader in the international military, police and security
solutions sectors, was upgraded with a short-term
price target of $0.06 to $0.09 per share.
For the first few months of 2012, the Company has already reported
$7 million in purchase sales orders, which is more then
double all of 2011 total revenues of $3.1 million. On a rough
bases, PERL generates around 20% of their total revenues into
net income profit to their bottom line, give or take.
Thus, the Company has already generated around $7 million in
new purchase sales orders in 2012, which would equate to
around $1.4 million in potential net income profit for the
company. With only around 224 million shares issued
and outstanding, and current net profit in the $1.4 million
range, that would come out to roughly $0.006 EPS for the
company currently. If given a PE
of say 10 to 15, which is still considered conservative for a
fast growing small cap company, that would come out to a valuation of around $0.06 to $0.09 per share,
currently. PERL was last traded at $0.0075 per share. (read
full report)
East Cost Diversified Corp (ECDC), through
its operational subsidiary Earthsearch Communications,
develops a number of GPS and social networking web and mobile
applications. The Company's recent $2.5 million in equity
institutional backing clears the way for the company to now
execute on their business plan by rolling-out their
social network web and mobile applications, and closing on
larger GPS/RFID orders.
Recent valuations from Yahoo's $20
million acquisition of IntoNow, a competitive second
screen TV-app such as Rogue Paper's TV-Tune In, which
is now a subsidiary of Earthsearch, gives the company an
immediate valuation boast. Add in the clearance of notes
payable, conversion levels on recent financing no less then
$0.013, and improving earnings outlook, ECDC is primed for a
breakthrough of its 200-day moving average.
This, Ludlow Capital upgraded its short-term price
target late Friday on ECDC to around $0.02 to $0.03 per
share, with a mid-term target in the $0.05 to $0.08 range,
conservatively.
Ludlow Equity
Research is a New York based equity research firm focused on
providing our clients, and individual readers, with in-depth
research coverage and opinions on the small-cap securities
market. For over 14 years we have aimed to providing our
subscribers a simple way of evaluating the current and
potential value of small-cap stocks, and any risks that may
effect those valuations going forward. Our goal is to provide
traders with an easy way to make investment decisions based on
current and future valuations. Ludlow Equity Research is a
division of Ludlow Capital, Inc. www.ludlowresearch.com
* To receive updates on these,
and other stocks like them, please enter your email address on
the top of this page to join our small cap traders email list
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Contact:
Wall Street Newscast
Email: info@wallstreetnewscast.com
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Safe
Harbor Statements:
This
research report includes statements that may constitute
forward-looking statements made pursuant to the safe harbor
provisions of the U.S. Private Securities Litigation Reform Act of
1995. Although the Company believes that the expectations
reflected in such forward-looking statements are based on
reasonable assumptions, such statements are subject to risks and
uncertainties that could cause actual results to differ materially
from those projected.
Disclaimer:
This is NOT a solicitation to Buy or Sell any security, but rather
is for informational purposes only. Content contained herein
includes facts, views, opinions and recommendations of individuals
and organizations deemed of interest. Wall Street Newscast ("WSNC")
does not guarantee the accuracy, completeness or timeliness of, or
otherwise endorse these views, opinions or recommendations, or
give investment advice. WSNC, its affiliates, or directors, may or
may not hold a position in the above security from time to time,
and investors are encourage to consider this as a possible
conflict of interest when reviewing this information. In
Compliance with SEC Rule 17B Wall Street Newscast was compensated
seven hundred fifty thousand restricted
shares by East Coast Diversified, and one thousand five
hundred dollars per month, and two million five hundred restricted
shares from Perla Group International, for ongoing research and media coverage. WSNC may hold a position
in above securities from time to time, and
thus should be considered a possible conflict of interest when
reviewing this report and information. These investments may
involve a high degree of risk, thus investors are highly
encouraged to consult with a financial advisor before any and all
investments.
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