J.M. Dutton & Associates Announces Investment Opinion: Axesstel Speculative Buy Rating Maintained In Update By Dutton & Associates.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. -- J.M. Dutton & Associates continues its coverage of Axesstel (AMEX AMEX See: American Stock Exchange :AFT) maintaining a Speculative Buy rating and a $4.80 target price. The 8-page update report by J.M. Dutton senior analyst David Riedel is available at www.jmdutton.com, as well as from First Call, Bloomberg, Zacks, Multex, and other leading financial portals Financial Portal A website that provides a variety of financial data and information, acting as an information hub for clients who are individual investors requiring timely financial news and data to make their investment decisions. . Axesstel, Inc. continues to show considerable progress in transforming itself from an engineering and consulting company Noun 1. consulting company - a firm of experts providing professional advice to an organization for a fee consulting firm business firm, firm, house - the members of a business organization that owns or operates one or more establishments; "he worked for a to a significant force in selling fixed wireless phones to developing countries. Using wireless as an alternative to laying fixed wires in a less-developed country can be much faster and more cost-effective. The Company has seen tremendous revenue growth in recent quarters as a result of some large contracts but has had difficulty getting the profits to the bottom line. We expect the Company to be profitable next year, however, as the corporate and research and development expenses are spread across a larger revenue base and the Company continues to see growth. We believe that Axesstel shares are currently 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. and reiterate re·it·er·ate tr.v. re·it·er·at·ed, re·it·er·at·ing, re·it·er·ates To say or do again or repeatedly. See Synonyms at repeat. re·it our Speculative Buy rating on the shares and our $4.80 price target. About Dutton & Associates Dutton & Associates is one of the largest independent investment research firms in the U.S. Its 26 senior analysts are primarily CFAs, and have expertise in many industries. Dutton & Associates provides continuing analyst coverage of over 80 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 pre·pay tr.v. pre·paid, pre·pay·ing, pre·pays To pay or pay for beforehand. pre·pay  ment n. for 4 Research Reports, typically published
quarterly, and requisite Research Notes. Dutton & Associates
received $25,000 from the Company for 4 Research Reports with coverage
commencing on 5/7/2003, and does not accept payment of our fees in
company stock. Our principals and analysts are prohibited pro·hib·it tr.v. pro·hib·it·ed, pro·hib·it·ing, pro·hib·its 1. To forbid by authority: Smoking is prohibited in most theaters. See Synonyms at forbid. 2. 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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