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Saturday, November 03, 2007 2:25:46 PM
EPAX Group upgraded by DA Davidson
DA Davidson upgraded their rating for Ambassadors Group, Inc. (EPAX) from "Neutral" to "Buy." This was the first change they have had in the past two years and it is important to take notice of this since they have been correct in the past.
Feb 7, 2007 - Went to a "Buy" rating. Four days later the stock hit an intra-day high of 15% above the call and was 12 cents short of $35 in less than 2 months, which was a 24% move.
June 25, 2005 - Went to a "Buy" rating. The stock ran 7.6% in four days and within five weeks hit an intra-day high 24% above the call.
June 21, 2004 - Went to a "Buy" rating. Within 6 months the stock ran 41%.
July 22, 2002 - Went to a "Buy" rating. Within 2 ½ months the stock ran 17% and reached 43% gains about a year later.
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The stock fell after EPAX announced that only 26,200 travelers were signed up for its 2008 travel programs compared to 37,300 travelers for its 2007 programs, which will negatively impact its 2008 earnings.
W. Quillen Securities analyst Samuel Nicholls stated, “Although the enrollment drop is significant, the sharp drop in Ambassadors' shares was unwarranted.”
Its definitely a chart play, but could also be a undervalued play as well. The stock's value cannot be established since little guidance was given. I believe that many have been overacting on the news and are scared of the uncertainty...
More than likely though, the stock's value did not drop 42%+, so that does makes this an undervalued play imo
DA Davidson upgraded their rating for Ambassadors Group, Inc. (EPAX) from "Neutral" to "Buy." This was the first change they have had in the past two years and it is important to take notice of this since they have been correct in the past.
Feb 7, 2007 - Went to a "Buy" rating. Four days later the stock hit an intra-day high of 15% above the call and was 12 cents short of $35 in less than 2 months, which was a 24% move.
June 25, 2005 - Went to a "Buy" rating. The stock ran 7.6% in four days and within five weeks hit an intra-day high 24% above the call.
June 21, 2004 - Went to a "Buy" rating. Within 6 months the stock ran 41%.
July 22, 2002 - Went to a "Buy" rating. Within 2 ½ months the stock ran 17% and reached 43% gains about a year later.
-------------
The stock fell after EPAX announced that only 26,200 travelers were signed up for its 2008 travel programs compared to 37,300 travelers for its 2007 programs, which will negatively impact its 2008 earnings.
W. Quillen Securities analyst Samuel Nicholls stated, “Although the enrollment drop is significant, the sharp drop in Ambassadors' shares was unwarranted.”
Its definitely a chart play, but could also be a undervalued play as well. The stock's value cannot be established since little guidance was given. I believe that many have been overacting on the news and are scared of the uncertainty...
More than likely though, the stock's value did not drop 42%+, so that does makes this an undervalued play imo
http://www.investorshub.com/boards/board.asp?board_id=9553
http://investorshub.advfn.com/boards/board.aspx?board_id=12634
All statements and annotations should not be used as buy/sell advice
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