Sticky Web, Inc. Rated ‘Speculative’ Target $.80 by Beacon Equity Research
DALLAS–June 12, 2006–Sticky Web, Inc. (OTC: SIKY) has been rated “Speculative” with a price target of $.80 by Beacon Equity Research. The report is authored by Senior Research Analyst, Kris Goldcross, CFA.
The full report is available at http://www.beaconequityresearch.com
In the report Mr. Goldcross writes, “Sticky Web, Inc. is engaged in marketing, commercializing, and licensing its Intellectual Property (IP) Portfolio. The Company currently has two issued patents, four patent-pending technologies, and five registered names.”
“Since the Company’s email patent is expected to drive its future earnings, we have compared the market value of Sticky Web with other major players in the industry including: InfoUSA, Inc. (Nasdaq: IUSA – News); Equifax, Inc. (NYSE: EFX – News); Aptimus, Inc. (Nasdaq: APTM – News); Omnicom Group (NYSE: OMC – News); ValueClick, Inc.; and United Online Ltd.”
“Management has provided revenue and earnings forecasts which suggest that Sticky Web is expected to generate $23,687,500 and $54,910,714 in revenue in 2007 and 2008, respectively… Using the average sector P/S ratio of 3.75x as a benchmark, and then discounting this by 60% to compensate for the speculative nature and risks inherent with this firm, we arrive at our target price which values Stick Web at $.80 per share.”
Beacon Equity Research, LLC is a fee-based, comprehensive investment research firm, focusing primarily on the underserved small-cap sector. All Beacon analysts are seasoned industry professionals and adhere to the CFA Institute’s (CFAI) stringent ethics and standards of practice guidelines. Beacon Research does not have any investment banking relationships with any of the companies covered. All analysts are compensated prior to performing their investment research and are not compensated in any way based on the future performance of the equities they follow.
Beacon Equity Research subscribes to the “Standards for Independent Research Providers” at http://www.firstresearchconsortium.com. Beacon Research Partners has been compensated $4,000 dollars by Sticky Web, Inc. for the creation of this report.
Investors are advised to read disclosures carefully before trading in the equities of any enrolled company.
Anyone interested in receiving alerts regarding Sticky Web, Inc. research should email members@beaconequityresearch.com with “SIKY” in the subject line.
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