Zacks All-Star Analyst Issue Features Vik Grover's Recommendations
📅 - The Zacks All Star Analyst Survey (allstarpicks.zacks.com), published in Fortune Magazine each week, revealed today top brokerage analyst Vik Grover's four recommended tech-sector investments. Selected from a group of 5,500 brokerage analysts, the Zacks survey lists All Star Analysts who all created returns in excess of 150% in 2001, and their recommendations.
Included in the report, Analyst Vik Grover's Stock recommended the following:
Because it provides a broad range of communications services internationally, to both businesses and consumers, Grover recommended WorldCom. He says WorldCom has been able to raise capital and is cash flow positive, and it is currently trading at eight times earnings and has an estimated EPS of $.75 for 2002 and a current estimate of $.91 for 2003. Grover has a 12-month price target set at $18
Interland Inc., an integrated Web and applications hosting and related business services provider, because it has over $200 million in free cash and should return to being cash flow positive by the third quarter of 2002. Grover says it has recently revised his 12-month price target upward to $5 from $4.
Allegiance Telecom, Inc., a telecommunications services provider, because its network rollout has proceeded on schedule, and expects to complete the rollout of its 36-targeted markets by the end of 2001. With a very strong overall balance sheet including an estimated $800 million in revenues this year, which is a 60 percent increase over last year, Grover has set the 12-month price target at $12.
Also recommended in the report is Infonet Services Corp. A provider of global managed data communications services to multinational corporations worldwide, Infonet has been EBITDA positive for over 15 years before 2001 and is expecting by 2003 to have EBITDA from core operations to hit $80 million, which should return them to profitability. Grover estimates that the $400 million over-funded Infonet is currently and has been putting that money to use by buying bandwidth from failed companies like Global Crossing. With a current price only 1 times revenues, he looks for Infonet's share price to climb in the next 12 months to $5.
Included in the report, Analyst Vik Grover's Stock recommended the following:
Because it provides a broad range of communications services internationally, to both businesses and consumers, Grover recommended WorldCom. He says WorldCom has been able to raise capital and is cash flow positive, and it is currently trading at eight times earnings and has an estimated EPS of $.75 for 2002 and a current estimate of $.91 for 2003. Grover has a 12-month price target set at $18
Interland Inc., an integrated Web and applications hosting and related business services provider, because it has over $200 million in free cash and should return to being cash flow positive by the third quarter of 2002. Grover says it has recently revised his 12-month price target upward to $5 from $4.
Allegiance Telecom, Inc., a telecommunications services provider, because its network rollout has proceeded on schedule, and expects to complete the rollout of its 36-targeted markets by the end of 2001. With a very strong overall balance sheet including an estimated $800 million in revenues this year, which is a 60 percent increase over last year, Grover has set the 12-month price target at $12.
Also recommended in the report is Infonet Services Corp. A provider of global managed data communications services to multinational corporations worldwide, Infonet has been EBITDA positive for over 15 years before 2001 and is expecting by 2003 to have EBITDA from core operations to hit $80 million, which should return them to profitability. Grover estimates that the $400 million over-funded Infonet is currently and has been putting that money to use by buying bandwidth from failed companies like Global Crossing. With a current price only 1 times revenues, he looks for Infonet's share price to climb in the next 12 months to $5.
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URL source: http://www.thewhir.com/marketwatch/zac040102.cfm
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