Press Release Source: Who's Your Daddy Inc.
Investrend Research affiliate Beacon Equity Research Announces Investment Opinion: Who's Your Daddy Inc. Rated 'Speculative Buy,' Target $6.20 By Investrend Affiliate Beacon Equity Research
Thursday June 23, 8:30 am ET
NEW YORK--(BUSINESS WIRE)--June 23, 2005--(Investrend Research Syndicate) Who's Your Daddy Inc. (OTCBB:WYDY - News) has been rated "Speculative Buy," with a price target of $6.20 by Investrend Research affiliate Beacon Equity Research. The report is authored by Senior Research Analyst, Varsha Chitale, CFA.
The full report is available at http://www.beaconequityresearch.com and http://www.investrendresearch.com
In the report, Ms. Chitale writes, "Who's Your Daddy Inc. is a publicly traded licensing company which designs and licenses a variety of products centered around the trademark-protected brand, "Who's Your Daddy." The Company holds the licensing rights for more than 300 products such as clothing, shoes, energy drinks, sporting goods, automotive accessories, video games, etc., in the U.S., Europe, Canada, Australia, and Japan. The Company is in the process of leveraging this slogan and attitude across many product lines including: apparel, energy drinks, clothes, and shoes, among other products.
Who's Your Daddy acquired 100% of the issued and outstanding stock of PHARB University Brands in June of 2005. "PHARB" produces, markets, and distributes "The Ultimate Hangover Relief" medicine. PHARB is currently distributed through over 55,000 mass retailers such as Rite Aid, 7-Eleven, Walgreen's, CVS, and Circle K as well as national convenience stores in the US. The product generated in excess $12 million of revenues in the previous fiscal year. Strategically, the acquisition will create immediate relationships with the 55,000 retail outlets from which the company anticipates net income of approximately $8 Million through the marketing of other Who's Your Daddy products.
Taking the diluted base as 32 million shares we have discounted the future projected cash flows at a rate of 16% and a perpetuity value of 5%, arriving at a net present value of 6.20 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.
Both Beacon Equity Research and Investrend subscribe to the "Standards for Independent Research Providers" at http://www.firstresearchconsortium.com. Beacon Research Partners has been compensated $18,000 by Pasadena Capital Partners, an investor relations firm for the company, for one year of enrollment in its research program.
Complete information is available at the company's InvestorPower page at http://www.investrend.com/company/list.asp?sPathParam=yes. Investors are advised to read disclosures carefully before trading in the equities of any enrolled company.
Anyone interested in receiving alerts regarding Who's Your Daddy Inc. research should email
[email protected] with "WYDY" in the subject line.
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Contact:
Beacon Equity Research
Jeff Bishop, 972-200-5519
[email protected] www.beaconequityresearch.com
or
Investrend Research
R. Hempel, 718-896-5060
[email protected] www.investrendresearch.com
or
Who's Your Daddy Inc.
Edon Moyal, 858-792-2940
[email protected] www.whosyourdaddyinc.com
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Source: Who's Your Daddy Inc.
It was down....and now its up! Up 31.17% today...on no new news that i could find.
Volume was great today.
Setravis....was this a chart play?
thanks very much
julia
Quote from: gmarc66 on October 19, 2005, 11:29:25 PM
It was down....and now its up! Up 31.17% today...on no new news that i could find.
Volume was great today.
Setravis....was this a chart play?
thanks very much
julia
Yes, I think this looks to be in play....IMHO.
I was busy with other things today and did not get to be with you on 3SOF.
I see the market had a nice bounce today.Maybe will will get a continuation tomorrow.
Good luck with all your trades......Make some $$$$$ ;)