Institutional Research Partners Initiates Coverage of Hampton Luxury Homes with Speculative Strong Buy and 18-Month Price Target of $3.
In the two-page report, Institutional Research Partners indicates that they initiate "a speculative buy rating on Hamptons Luxury Homes based primarily on the long track record of Telemark Inc., which includes a successful 25 year track record. Because management has extensive experience through Telemark, Inc., successfully completing more than 500 projects, with values ranging up to $50 million, we believe the company is more than just a run of the mill 'start-up.' Accordingly, we are initiating coverage of HLXH with a Strong Buy (Speculative) with an 18-month price target of $3."
"This independent research, which we did not solicit in any way, verifies our belief that we have a business model and opportunity for growth. Although a brief report, Institutional Research Partners has been able to quickly grasp and summarize our basic business and opportunity," stated Roy Dalene, President and CEO of Hamptons Luxury Homes.
Institutional Research Partners, LLC (IRP, LLC), an independent micro-cap research firm based in New York City, provides hard-to-find research on companies with market capitalizations under $300 million to its subscribers. Covering 200 companies known as the IRP200, IRP focuses on what they believe are the most compelling, U.S. listed micro-cap companies from every and any industry. All companies are chosen based on the quality of management, innovative business models, unique products and future prospects and potential. For more information, please visit the website at: http://www.institutionalresearchpartners.com.
Hamptons Luxury Homes is a regional homebuilder of customer estate homes with operations in Bridgehampton, New York. Founded in 1978, Hampton Luxury Homes is a nationally recognized and award winning luxury homebuilder. Awarded "Custom Builder of the Year" by Custom Builder Magazine in 1998, the Company maintains an industry leading reputation for construction of luxury vacation homes from foundation to completion, with values ranging up to $50 million. Hamptons Luxury Homes utilizes the industry's most innovative methods, and ultra-high quality materials, to create the ultimate in aesthetic appeal. Hamptons Luxury Homes management has extensive experience in the homebuilding industry and has successfully completed more than 500 projects.
Certain statements in this news release may contain forward-looking information within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Exchange Act of 1934, and are subject to the safe harbor created by those rules. All statements, other than statements of fact, included in this release, including without limitation, statements regarding potential future plans and objectives of the Corporation, are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Hamptons Luxury Homes Inc. did not solicit, nor did it pay Institutional Research Partners, LLC for the report that this entity has issued. All opinions in the report are those of Institutional Research Partners, LLC.
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|Date:||Jul 17, 2006|
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