Scheft Ticks Updates Buy Recommendation for NewMarket Technology Inc. Tuesday December 14, 9:08 am ET Report Reiterates 12 Month Target of $1.25-$1.50
DALLAS--(BUSINESS WIRE)--Dec. 14, 2004--NewMarket Technology Inc. (OTCBB:NMKT - News) announced that Michael Scheft of Scheft Ticks has released a research report reiterating his previous target price of $1.25-$1.50 for NewMarket's stock.
Mr. Scheft writes, "With the Company's shares currently trading in the $0.62 range, it still seems apparent the financial community has failed to factor in the enormous growth and profit potential of the Company's significant profit streams." He continues, "With an aggressive growth strategy, favorable industry backdrop, first rate alliances, solid margins, myriad of significant profit streams, unique dividend strategy, outstanding business and revenue model, diligent business plan, aggressive marketing strategy, potential worldwide penetration, unrivaled customer service, and an extremely capable experienced management team the Company represents a compelling risk/reward situation in its niche specialized segments of the telecommunications solutions arena. Our 12-month target for the shares of NewMarket Technology, Inc. is maintained at $1.25-$1.50, with the potential for strong upside surprises."