Tuesday, December 18, 2007 9:00:51 PM
HOUSTON, July 26 /PRNewswire-FirstCall/ -- Deep Down, Inc. (OTC Bulletin Board: DPDW) today announced that Dahlman Rose & Company, LLC (MEMBER: NASD/SIPC) has initiated research coverage of the Company with a BUY rating and a target price of $1.50 per share.
'The management team and employees of Deep Down are very pleased with this unsolicited and uncompensated research by such a prestigious firm. We believe this interest in providing coverage lends credible third-party validation that our business model is sound and capable of generating significant shareholder value,' commented Robert E. Chamberlain, Jr., Deep Down's chairman.
'In seven months since listing DPDW on the over-the-counter Bulletin Board(R) (OTCBB) exchange, Deep Down's strategy of organic growth, coupled with strategic acquisitions of complementary industry service providers such as ElectroWave USA and our currently pending acquisition of Mako Technologies, is gaining significant momentum,' Chamberlain concluded.
Gave way to $1.50 before the second press release was issued!
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Deep Down Announces Upward Revision by Dahlman Rose
HOUSTON, Oct. 12 /PRNewswire-FirstCall/ -- Deep Down, Inc. (OTC Bulletin Board: DPDW) today announced that Dahlmann Rose & Company, LLC (MEMBER: NASD/SIPC) has reaffirmed its BUY rating and revised its target price to $2.50 per share.
Dahlman Rose is a full-service investment bank offering value-added research, trading, and advisory services for growing companies operating along the energy and commodity supply chain. It is a leading boutique investment bank specializing in the marine shipping and energy industries with offices in New York, Houston, San Francisco, and New Orleans. Further information on Dahlman Rose may be obtained at http://www.dahlmanrose.com.
Got as close as $2.35 before falling back.
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Corporate Info
DAHLMAN ROSE & COMPANY, LLC (MEMBER: FINRA/SIPC) is a full-service investment bank specializing in the energy and commodities supply chain. The firm is headquartered in New York and has offices in Boston, Houston, New Orleans, and San Francisco.
In 2002, the Firm’s founding partners, Ernest J. Dahlman III and Simon Rose saw opportunity for value creation in the under-covered Marine Transport sector and sought to build a firm that would become the thought leader in the sector. A dramatic escalation in demand for commodities and refined products driven by emerging economies and global GDP growth had placed the international transport infrastructure under strain, and new investment would be needed. After all, they reasoned, a bridge linking the continents would not be built any time in the foreseeable future. The Firm sought to build a platform predicated upon an insightful and differentiated Equity Research product and a highly specialized Institutional Sales team.
In a very short amount of time, the Firm gained significant mindshare in the Marine Transport sector and became a market leader in capital raising and security trading. Since the Firm’s inception, we have helped to raise over $3.5 billion for Marine Transport companies.
Our involvement in Marine Transport gave us a unique perspective into the energy and commodities supply chain. International seaborne transport touches and relates directly to practically every sector in the global commodities and energy industry, and, based on the Firm’s initial success in the sector, an expansion into adjacent sectors was a natural progression. Our expansion efforts are based on the Firm goal of providing a superior research product and forward-thinking market analysis to our institutional clients and innovative corporate solutions and sound guidance for our corporate clients.
Due to our size and our model, we are often “ahead of the curve” with respect to our peers, and we continue to emphasize under-followed industries where huge growth opportunities lie. Our recent emphasis on the floating production and offshore services sector underscores this point.
**These folks are a major firm whose reputation in choosing who they follow is vital!
Checkout the website http://www.dahlmanrose.com.
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Deep Down Announces Research Report by Tuohy Brothers
HOUSTON, Oct. 12 /PRNewswire-FirstCall/ -- Deep Down, Inc. (OTC Bulletin Board: DPDW) today announced that Tuohy Brothers Investment Research, Inc. (MEMBER: NASD/SIPC) has issued an unsolicited research report on the Company.
Tuohy Brothers Investment Research, Inc. is a New York based independent energy research boutique providing fundamental equity research designed to compliment, not duplicate, traditional 'Street' research. Tuohy Brothers provides insightful analysis of energy industry trends, commodity markets and individual companies to institutional investors. Tuohy Brothers' Director of Research Steven Parla, CFA, can be reached at 212-605-0450.
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