J.M. Dutton & Associates Announces Investment Opinion: Questcor Strong Buy Rating Maintained in Update Report by Dutton & Associates.Business Editors NOTE TO EDITORS: The following is an investment opinion issued by J.M. 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.--(BUSINESS WIRE)--Jan. 13, 2003 J.M. Dutton & Associates continues coverage of Questcor Pharmaceuticals (AMEX AMEX See: American Stock Exchange :QSC QSC Quality Service Communications (Cologne, Germany) QSC Quilter Sound Company (QSC Audio Products Inc.) QSC Queens Surface Corporation QSC Low-Traffic Ship (radiotelegraphy) ) with its update report maintaining a Strong Buy rating. The 5-page report by J.M. Dutton senior analyst Sherry Grisewood, 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 Bloomberg, Zacks, First Call, 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. . Questcor Pharmaceuticals is a specialty pharmaceuticals company focused on acquiring or licensing existing high value, high need FDA FDA abbr. Food and Drug Administration FDA, n.pr See Food and Drug Administration. FDA, n.pr the abbreviation for the Food and Drug Administration. approved or very late stage pharmaceuticals for certain niche markets in the acute care and critical care arenas. The Company's third quarter results were stronger than expected even considering the one-time front-loading effect of a price increase announced near the end of Q2. The current revenue run rate suggests that the full year results will likely handily hand·i·ly adv. 1. In an easy manner. 2. In a convenient manner. Adv. 1. handily - in a convenient manner; "the switch was conveniently located" conveniently 2. exceed management guidance of $12+ million. Furthermore, based upon the current run-rate in revenue, the stock is now trading at only 2.5x 2002 revenue and only 1.9x 2003 revenue. As QSC management continues to perform against key operating objectives, the Company should benefit from investor interest in solid growth stories. About Dutton & Associates Dutton & Associates is one of the largest independent investment research firms in the U.S. Its 19 senior analysts, primarily CFAs, have expertise in many industries including healthcare, technology, finance, banking, mining, gaming, and energy. Dutton & Associates provides economically bias-free, continuing analyst coverage of enrolled companies, and its research, estimates, and recommendations are carried in all the major databases serving institutions and online investors. The cost of enrollment in the Dutton & Associates one-year continuing research program is presently US $25,000 prepaid before commencement of its research activities. Dutton & Associates received $20,000 from the Company for coverage for the year. Dutton & Associates does not accept payment of any of its fees in company stock. Its principals and analysts are prohibited from owning or trading in securities of covered companies. Please review full disclosures, analyst background, and company rating history at www.jmdutton.com before investing. |
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