RedChip Visibility, a wholly owned division of RedChip Companies Inc., announced that firm has issued a third quarter research update for Worldwide Manufacturing USA Inc.
RedChip has reiterated their buy recommendation of Worldwide Manufacturing; trading under the symbol WWMU on the OTC bulletin board exchange. RedChip believes that Worldwide Manufacturing, a die-casting, machining, and tooling company, will have significant demand for their services throughout China. Likewise, the company is poised for rapidly increasing revenue as the company grows and begins to provide additional direct, in house, manufacturing services.
Furthermore, RedChip also believes that Worldwide will also beat analysts earning over the next two years. Consequently, the stock will generate a fully diluted EPS of $1.25 in the year of 2009. Redchip specified that the 12-month target price per share of WWMU is $16.00, with $13.00 being WWMU.OB’s fair price in November 2007. At the current trading price of $5.00-$7.25, this could be a buying opportunity for investors looking for small cap stocks with a high return on investment.
Let us hear your thoughts below: