BCT International Inc., NASDAQ - BCTI, -- Investment Opinion -- 'Strong Buy'.GAINESVILLE, Fla.--(BUSINESS WIRE)--Aug. 20, 1997--Barber & Bronson Inc. announced that they are initiating coverage of BCT BCT Brigade Combat Team BCT Basic Combat Training BCT Best Conventional Pollutant Control Technology (EPA) BCT Business Cards Tomorrow BCT Banque Centrale de Tunisie (Central Bank of Tunisia) International Inc. with a "1-Strong Buy" in the short term and "1-Strong Buy" for long term investors. BCTI BCTI Business Computer Training Institute BCTI Battlefield Control Terminal Interface is the world's largest wholesale printing chain with a distribution network of 99 franchised and company owned locations in 38 states and Canada. The company has two divisions, each accounting for approximately 50% of total revenues. Business Cards Tomorrow has franchised wholesale printing plants in all major metropolitan markets of the U.S. and Canada. BCTI also operates Pelican Paper Products, which serves as a supplier and distributor of the paper products needed by each location. After an earnings stumble in mid-1996, BCTI took steps to strengthen its management team. Jim Kaufenberg joined the company last year as chief operating officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. . Kaufenberg brings a record of successfully managing the growth of several public companies, including Insty Prints, where, between 1989-1996, he oversaw o·ver·saw v. Past tense of oversee. a growth in revenue from $75 million to $125 million. Over the past several quarters, modest revenue gains and better expense control have restored profitability as demonstrated by first quarter results. Because the shares are trading at less than 150% of book value and only 13.6x our estimated fiscal 1998 earnings (or approximately one half the company's expected long term growth rate), we believe they offer unusual value. Accordingly, Barber A barber (from the Latin barba, "beard") is someone whose occupation is to cut any type of hair, give shaves, and trim beards. In previous times, barbers also performed surgery and dentistry. & Bronson Inc. rates BCT International Inc. a 1-Strong Buy for both short and long term investors with a 12-18 month target price of $6 per share. Barber & Bronson Inc. is a full-service brokerage and investment banking firm based in Miami with offices in Fort Lauderdale Fort Lauderdale (lô`dərdāl), residential, commercial, and resort city (1990 pop. 149,377), seat of Broward co., SE Fla., on the Atlantic coast; settled around a fort built (c.1837) in the Seminole War, inc. 1911. , Fla., New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of and Hilton Head, S.C. A copy of the report will be available shortly on our web site at http://www.barberbronson.com . -0- NOTE TO EDITORS: In the World Wide Web address noted in this news release, there is a double slash between http: and www.barberbronson.com . These symbols may not appear properly in some systems. CONTACT: Barber & Bronson Inc., Gainesville Jeff Hasse, 352/378-2133 (Fax) 352/375-6449 |
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