Wednesday, March 12, 2014 12:42:59 PM
“The addressable market and opportunity for Flyht is tremendous,” Mr. Iqbal said. “The company has a small market penetration in each of the aircraft market segments that it serves, ranging in market share (based on our analysis) from 0.5% to 2.4%. Thus, we believe that Flyht is underpenetrated and there exists a significant potential for further sales growth of the company’s products.”
The three analysts who cover the company rate the stock as a buy, but they range from Mr. Iqbal’s speculative buy to a strong buy by Dev Bhangui of Byron Capital Markets in Toronto. Mr. Iqbal currently has a 12-month price target on the company of 85¢ a share.
http://business.financialpost.com/2014/03/11/mh370-malaysia-news-flyht-aerospace/
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