A Beacon Equity Research report released late yesterday reveals that Alpine TLI Group has been given a “Speculative Buy” rating from Research Analyst Lisa Springer, CFA. The report also established a target price of $0.32 per share, nearly six times the current trading price of $0.0525. The report includes a company overview, investment highlights, business strategies, opportunities, financial analysis and risk factors, and is available free of charge by visiting the research bureau’s website.
The analyst from Beacon Equity, wrote: “Alpine TLI Group, Inc. is a full service tax lien and tax deed purchase, research, and property management business. The Company identifies and researches properties that have the potential for creating highly leveraged investment opportunities through the purchase of real estate tax lien certificates and tax deeds. Alpine generates revenue from two sources: 1) interest and penalty revenue from redeemed tax lien certificates, and 2) profits from sales of liquidated properties that have gone to deed. The Company focuses its acquisition efforts on single occupant residential properties and on vacant land with development potential. These type properties typically represent 50% of all properties offered at tax lien auction.”
On a similar note, the company announced today that it will be participating in New Jersey tax sales. These sales have the potential to yield acquisition of tax liens with a property value of over $12 Million. The sales will be conducted in numerous boroughs and townships over the next several weeks and throughout the month of April. The CEO of Alpine TLI Group, Taylor Abegg II, stated, “In 2007, New Jersey saw 53,652 foreclosure filings, up 34% from 2006 according to RealtyTrac. We are confidant Alpine will be successful in acquiring a large number of liens on distressed properties in New Jersey.”
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