RedChip Visibility, a division of RedChip Companies, Inc. recently reported that it has issued a Vertical Branding Inc. (VBDG.OB) research update.
Tony Telan, MBA, RedChip Research Analyst, wrote in the report that, “First quarter results, notably EBITDA $1.3 million and net income $492,000, affirm our position that the Company is executing well on its business model and will continue to experience robust growth.
The first quarter of 2007 marks the Company’s second consecutive quarterly profit. Earnings per share for the quarter were $0.02 compared to a loss of $0.07 per share for the same quarter of 2006.
In summary, RedChip believes that VBDG offers a compelling investment opportunity. We expect the Company to deliver on our estimated 2007 revenue and earnings projections. Our twelve month price target of $4.71 is significantly higher than the current price and offers patient investors an opportunity for triple digit gains.
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