Taglich Brothers, Inc. Announces Investment Opinion on U.S. Laboratories, Inc.Business Editors NOTE TO EDITORS: The following is an investment opinion issued by Taglich Brothers, Inc. NEW YORK--(BUSINESS WIRE)--Nov. 8, 2000 Taglich Brothers Starts U.S. Laboratories, Inc., (NasdaqSC: USLB USLB Ultra Slim Light Box ) as Speculative Buy Taglich Brothers, Inc. has initiated coverage on U.S. Laboratories, Inc., (NasdaqSC: USLB; recent price $4.00) with a speculative buy recommendation and a fifteen month target price range of $5.15 to $7.25. Taglich Brothers believes U.S. Laboratories is 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. , trading at 6X our 2001 earnings estimate compared to peer companies within the engineering services industry that have a projected 2001 P/E P/E See: Price/earnings ratio of 10.8X. Taglich Brothers estimates U.S. Laboratories will post earnings of $0.52 per share on revenues of $34.2 million for fiscal 2000, and earnings per share of $0.67 on revenues of $45.2 million for fiscal 2001. This represents year-over-year internal earnings and revenue growth of 28.8% and 32.2%, respectively. We have set a fifteen-month target price range of $5.15 - $7.25 per share based on our 2001 earnings projection. U.S. Laboratories, operates seven subsidiaries located along the Pacific, Atlantic and Florida Florida, state, United States Florida (flôr`ĭdə, flŏr`–), state in the extreme SE United States. A long, low peninsula between the Atlantic Ocean (E) and the Gulf of Mexico (W), Florida is bordered by Georgia and Gulf coasts and major markets in the northeast and southwest regions of the U.S. The Company offers clients a full spectrum of engineering services that include project management, construction quality control, geotechnical engineering Geotechnical engineering is the branch of civil engineering concerned with the engineering behavior of earth materials. Geotechnical engineering includes investigating existing subsurface conditions and materials; assessing risks posed by site conditions; designing earthworks and , structural engineering and design, environmental engineering, and inspection and testing Inspection and testing Industrial activities which ensure that manufactured products, individual components, and multicomponent systems are adequate for their intended purpose. services. Management has built a client base where the Company derives 70% of revenues from public sector clients and 30% from private sector clients. We believe that U.S. Laboratories can achieve a leading position as an integrated provider of engineering services for the construction industry through the consolidation of independent companies and by integrating those newly acquired companies into current operations. Taglich Brothers, Inc., founded in 1992, is full-service broker Full-Service Broker A broker that provides a large variety of services to its clients, including research and advice, retirement planning, tax tips, and much more. Of course, this all comes at a price, as commissions at full-service brokerages are much higher than those at discount dealer focused exclusively on 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. companies. The Company defines the micro-cap segment of the equity market as companies with less than $250 million in 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. . Taglich Brothers, Inc. currently offers institutional brokerage services, investment banking for publicly traded micro-cap companies and comprehensive research coverage to the investment community. In December 1999, the Company launched its Website http://www.taglichbrothers.com to allow investors free access to its in-depth research on micro-cap companies. Additional information is available upon request or on our website at http://www.taglichbrothers.com. The information and statistical data contained herein have been obtained from sources which we believe to be reliable but in no way are warranted by us as to accuracy or completeness. We do not undertake to advise you as to change in figures or our views. This is not a solicitation solicitation In criminal law, the act of asking, inducing, or directing someone to commit a crime. The person soliciting another becomes an accomplice to the crime. The term also refers to the act of obtaining bribes, as well as to the crime of a prostitute who offers sexual of any order to buy or sell. We, our affiliates, and any officer, director or stockholder, or any member of their families, may have a position in and may from time to time purchase or sell any of the above-mentioned or related securities. The Company mentioned in this report may from time to time be involved in an investment banking relationship with Taglich Brothers, Inc., or may pay a monthly fee for maintenance of our website. Details of any such relationship or compensation agreements are available upon request. The above statement is the opinion of Taglich Brothers, Inc. and is not a guarantee that the target price for the stock will be met or that predicted business results for the company will occur. |
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