Christiana rated strong aggressive buy based on large ownership position in Energy Ventures.WILLIAMSTOWN, Mass.--(BUSINESS WIRE)--Jan. 7, 1997-- AG Services of America downgraded to sell from aggressive buy Fidelity Independent Adviser Newsletter has rated Christiana Corp. at $28.75 its No. 1 Udiscovered Stock for 1997 with a Strong Aggressive Buy recommendation with a target of $36. This recommendation replaces AG Services of America Inc. ("ASV ASV abbr. Bible American Standard Version ASV n abbr (= American Standard Version) → traduction de la Bible ASV n abbr (Bible) (= " NYSE NYSE See: New York Stock Exchange ), which we recommended as our No. 1 Undiscovered Stock for 1996 at $9.50 last January and which is currently trading at $16 or a 68 percent profit. We are issuing a "sell" recommendation on ASV based on this 68 percent gain. Donald R. Dion Jr. publisher of the Fidelity Independent Adviser newsletter said, "Christiana Corp. is a tremendously undervalued stock An undervalued stock is defined as a stock that is selling at a price significantly below its intrinsic value (finance). For example, if a stock is selling for $50, but can be determined to be worth $100 based on future cash flows, then it is an undervalued stock. for the following reasons: 1. Christiana Corp. owns 1,948,731 shares of Energy Ventures with a market value of $102,000,000 while the total market value for Christiana is only $147,000,000. Wall Street stock market experts have not recognized the huge 100 percent price appreciation of Christiana's holdings in Energy Ventures over the past year. 2. Christiana has outstanding management and two all star outside board members. These individuals own more than 66 percent of the company's outstanding shares. 3. The company's logistics business should finally get on track and provide solid results in 1997. 4. We are the only firm that has discovered this undervalued Undervalued A stock or other security that is trading below its true value. Notes: The difficulty is knowing what the "true" value actually is. Analysts will usually recommend an undervalued stock with a strong buy rating. growth company. Although Christiana is a NYSE company, no Wall Street analysts follow this micro-cap Micro-cap Micro cap refers to a company with a market capitalization of between $50 million to $300 million. Notes: A micro cap stock isn't the smallest classification (nano-cap is even smaller), but it is getting pretty small. Milwaukee based company. We suggest careful accumulation of this stock in the $26 to $31 price range. We are very pleased with our 68 percent profit in AG Services of America Inc. and continue to believe it is an outstanding company. However, we now believe "ASV" is no longer undiscovered following its huge move and listing on the NYSE." For further information and a full report on Christiana Corp. call Donald R. Dion Jr., president of Fidelity Independent Adviser or Mike DeMarco, editor, at 413-458-4700 or fax request to 413-458-5738. -0- Fidelity Independent Adviser is an independent publication and is not associated with Fidelity Investments Fidelity Investments is a group of privately held companies in the financial services industry. It is made up by two independent but closely cooperating companies, Fidelity Management and Research Corporation (FMR Co. . Fidelity Independent Adviser is distributed and read by 50,000 individuals in fifty states and twenty-five countries. Call 413-458-4700 to request a sample copy. Christiana Corp., NYSE "CST CST abbr. 1. Central Standard Time 2. convulsive shock treatment CST Central Standard Time Noun 1. " Energy Ventures Inc., NYSE "EVI Evi (ē`vī), in the Bible, Midianite king. " AG Services of America Inc., NYSE "ASV" CONTACT: Fidelity Independent Adviser Newsletter Inc. Donald R. Dion Jr. or Mike DeMarco, 413-458-4700 |
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