Public Analysis & Review Announces Investment Opinion on M & A West, Inc.Business Editors
NOTE TO EDITORS: The following is an investment opinion issued by Public Analysis & Review:
NEW YORK--(BUSINESS WIRE)--April 17, 2000
M & A West, Inc. BUY recommendation reconfirmed by PAR analyst.
A $33 12-month price target is maintained.
The April 17, 2000 PAR Update Report on MAWI MaWi Marktwirtschaft (German: Free-market economy)
MaWi Materialwirtschaft (German: stock management)
MAWI Motorola Advanced Wideband Interface is available at
(InvestorWire)A Quarterly Update Report on M & A West, Inc. (OTC OTC
See over-the-counter market (OTC). BB: MAWI) by PAR Analyst Darren Robinson Darren Robinson may refer to:
A summary of Mr. Robinson's conclusions follows:
M&A West, Inc. develops, invests in, and operates Internet and technology related companies. Its strategies include the internal development and operation of majority owned subsidiaries, as well as investments in other Internet companies, directly or through venture capital arrangements. Shareholders of MAWI are provided a diversified portfolio of Internet companies that have substantial upside potential Upside potential
The amount by which analysts or investors expect the price of a security may increase.
The potential price or gain that may be expected in a security or in a security average, generally stated as the dollar .
Revenues in its latest quarter were $3,610,904. The company reported additional comprehensive income of $1,978,149 from its holdings of Virtuallender.com. MAWI currently owns 11% of the outstanding shares, which is accounted for using the market value. A one-time gain of $1.2 million related to the sale of Virtualwagering.com (MAWI exited the I Gaming field) is reflected in this quarter's earnings.
Our estimate for fiscal 2000 revenue is $8.5 million, a reduction due to the company's focus on acquisitions. With its current market capitalization Market Capitalization
A measure of a public company's size. Market capitalization is the total dollar value of all outstanding shares. It's calculated by multiplying the number of shares times the current market price. This term is often referred to as market cap. of $130 million, the price to sales ratio is approximately 15.3X. We expect a MAWI price to sales ratio of 30-33x, based on our sales estimates for the next 4 quarters and comparables. We maintain our $33 price target.
Mr. Robinson, CFA is a member of the Toronto Society of Financial Analysts and the Association for Investment Management and Research. He has worked as an analyst in the investment industry for over 6 years, most recently as an analyst with a leading Canadian Mutual Fund company. Along with being a CFA charterholder, he has completed course work with the Canadian Securities Institute CSI Global Education Inc.(CSI), formerly known as the Canadian Securities Institute, was started as the educational body of the IDA (Investment Dealers Associations of Canada). CSI has the exclusive mandate to provide many of the courses and exams required to work within the securities and holds a bachelor of Arts degree in Mathematics from York University.
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