| Dutton Associates Announces Investment Opinion: FIND/SVP Strong Buy Rating In Initiating Coverage By |
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| Monday, 21 November 2005 | |
Dutton Associates Announces Investment Opinion: FIND/SVP Strong Buy Rating In Initiating Coverage By Dutton AssociatesEL DORADO HILLS, CA, (NAMC) - Dutton Associates initiates its coverage of FIND/SVP (OTCBB:FSVP) with a Strong Buy rating and a $2.40 price target. The 16-page report by Dutton senior analyst David Riedel is available at www.jmdutton.com as well as from First Call, Bloomberg, Zacks, Reuters, Knobias, and other leading financial portals. We believe FIND/SVP's positioning as an outsourced information service company is unique, with its wide range of services from basic information gathering to customized surveys, projects and decision-making solutions. While this uniqueness sometimes demands extra effort to educate potential customers, the Company's 85% percent customer retention rate in one of their core services indicates that once companies have tried its service, they understand the value and become reliant on it. The Company's four acquisitions over the past couple of years have proven to be very well timed, well priced and very synergistic. All of the acquisitions have been accretive and complementary to the Company's service offerings. FIND/SVP is a valuable play on the importance of information in today's business world. It offers high-quality service at a very reasonable price. This is the basis of any successful outsourcing offering. This management team has experience in the information services business, in managing a growing company and in integrating acquisitions. The current P/E of 12x 06E undervalues the Company's prospects and outlook. We believe FIND/SVP should trade at least at the average valuation for peer companies, and we initiate coverage on FIND/SVP with a Strong Buy rating and a price target of $2.40. About Dutton Associates Dutton Associates is one of the largest independent investment research firms in the U.S. Its 27 senior analysts are primarily CFAs, and have expertise in many industries. Dutton Associates provides continuing analyst coverage of over 120 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 $35,000 prepaid for 4 Research Reports, typically published quarterly, and requisite Research Notes. Dutton Associates received $35,000 from the Company for 4 Research Reports with coverage commencing on 11/21/2005. We do not accept payment of our fees in company stock. Our principals and analysts are prohibited 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. Contact: |
