From Neilrock.com
BLINGLE-BERRY
(NMKT) Newmarket Technology Inc Com ($0.37)
The future of innovation
NMKT’s Motto: “Develops software solutions for use in Internet telephony. The company offers voice over Internet protocol services; healthcare practice management software; defense industry system solutions; voice mail and messaging services; prepaid long-distance calling card services; corporate long-distance, fax, and data networking services; e-commerce communications services for businesses selling products and services over the Internet; contact management; and wireless features, long-distance, and applications; and electronic data interchange software. Its customers include large and small corporations, service providers, and governments in the United States and internationally.”
The News:
- January ’07, Newmarket announces new president of Chinese operation with $40 million forecasted 2007 revenue.
- January ’07, Newmarket signs a binding agreement for public listing of NewMarket Latin American subsidiary with $30 million forecasted 2007 revenue.
- December ’06, an insider bought 1,000,000 shares at .30.
What This Means:
Plain and simple, NMKT is looking for its revenue to grow to $120 million in 2007. That’s a 70% revenue growth, with hopes of $500 million for 2010.
What I Say:
The key point with stocks like this, as sad as it is, is the stock will go up if the company continues its push of PR. Its 52 week range is from .26-.70, and at its current prices, it is not a bad play. Also with a Book Value of .26, you aren’t buying the hype YET.
What You Should Do:
Buy some at these prices and then put a sell order at 50 cents to play it safe.
Good luck to all.
Peace,
Augie
AI
