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Dutton Associates Announces Investment Opinion on BluePoint Energy.


Price Target Upgraded

EL DORADO El Dorado, legendary country of South America
El Dorado (ĕl`dərä`dō, –rā`–) [Span.,=the gilded man], legendary country of the Golden Man sought by adventurers in South America.
 HILLS, Calif. -- Dutton Associates continues its coverage of Chapeau, Inc. d/b/a BluePoint blue·point also blue point  
n.
A small oyster (Crassotrea virginica) found chiefly in coastal waters of the eastern United States and usually eaten raw.
 Energy, Inc. (OTC OTC

See: Over-the-counter.


OTC

See over-the-counter market (OTC).
 BB: CPEU) reiterating its rating of Strong Speculative Buy while increasing its 12-month price target to $2.80. The research note dated December 22, 2006 by Dutton senior analyst Richard West Richard West may refer to:
  • Richard West, 7th Baron De La Warr
  • Richard West (Lord Chancellor of Ireland), an Irish politician and lawyer in the eighteenth century
  • Richard West (keyboardist), member of the UK band Threshold.
  • Richard West aka Mr.
, CFA (Computer Fraud and Abuse Act of 1986) Signed into law in 1986, the CFA was a significant step forward in criminalizing unauthorized access to computer systems and networks. The Act applies to "federal interest computers" that include any system used by the U.S. , is available at www.jmdutton.com as well as from First Call, Bloomberg, Zacks, Knobias, Reuters and other leading financial portals.

As set forth in the referenced report, BluePoint's recently announced additional projects with Macy's East Division of Federated Connected and treated as one. See federated database and federated directories.  Retail Holdings, Inc. are visible evidence of Macy's continued confidence in BluePoint's ability to employ state-of-the-art environmentally responsible energy sources. BluePoint's common stock has been moving up in response to the recent announcements that include the plans for elimination of long-term debt Long-Term Debt

Loans and financial obligations lasting over one year.

Notes:
For example debts obligations such as bonds and notes which have maturities greater than one year would be considered long-term debt.
 and additional contracts with Starwood[R] Hotels and Resorts Worldwide, Inc. We reiterate our rating of Strong Speculative Buy and, in consideration of these recent events, are raising our 12-month price target to $2.80 per share.

About Dutton Associates

Dutton Associates is one of the largest independent investment research firms in the US. Its 31 senior analysts are primarily CFAs and have expertise in many industries. Dutton Associates provides continuing analyst coverage of over 140 enrolled companies, and its research, estimates and ratings are carried in all the major databases serving institutions and online investors.

The cost of enrollment in our one-year continuing research program is US $33,000 prepaid for 4 Research Reports, typically published quarterly, and requisite Research Notes. Dutton Associates received $58,000 from the Company for 8 Research Reports with coverage commencing on 7/09/2004. We do not accept payment of our fees in company stock. Our principals and analysts are prohibited from owning or trading in securities of covered companies. The views expressed in this research report accurately reflect the analyst's personal views about the subject securities or issuer. Neither the analyst's compensation nor the compensation received by us is in any way related to the specific ratings or views contained in this research report or note. Please read full disclosures and analyst background at www.jmdutton.com before investing.
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Publication:Business Wire
Date:Dec 26, 2006
Words:362
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