Thinkpath Inc. Announces Investment Opinion: KSH Investment Group Initiates Coverage On Thinkpath With a ``BUY'' Rating and a 12-Month Price Target of $4.50 -- $5.00
NOTE TO EDITORS: The following is an investment opinion issued by Thinkpath Inc.
NEW YORK--(BUSINESS WIRE)--May 14, 2001--KSH Investment Group, Inc. has initiated research coverage on Thinkpath Inc. (Nasdaq:THTH) with a rating of "BUY". In his report, Analyst Leonard Bogner stated "We project revenues could expand at a compound annual growth rate (CAGR) of 25% during the next five years, while net income climbs at a CAGR of roughly 50%. "Based on our projections, we believe Thinkpath could be generating revenues in excess of $125 million by mid-decade, and net of $15 million, or $0.85 per fully diluted share. We believe the shares are undervalued relative to Thinkpath's growth prospects and comparisons with peer equities and the S&P 500. Consequently, we rate the stock a BUY. Our six-month stock price target is $2.50 -- $3.00. Our 12-month stock price target is $4.50 -- $5.00."
About Thinkpath Inc.
Thinkpath is a provider of IT & engineering services, offering a blended suite of outsourcing, recruiting, training and technology to enhance the resource performance of large and high-growth corporations. Thinkpath clients include Microsoft, General Motors, Goldman Sachs, Cummins, and EDS Canada. Thinkpath has 500 employees in 18 offices across North America. Further information about the company, its services and products can be found at www.thinkpath.com. For more information or to receive a copy of the preliminary report, please call KSH Investment Group at (516) 466-1117. For more information regarding Thinkpath Inc., please contact Robert B. Prag, President, The Del Mar Consulting Group, Inc. 858-794-9500 /bprag@delmarconsulting.com.
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CONTACT: The Del Mar Consulting Group, Inc. Robert B. Prag, 858/794-9500 bprag@delmarconsulting.com or KSH Investment Group, 516/466-1117
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