Continental Fuels, Inc. (fka CNFU)

[turn around]

cful-new beacon report is out

Multiplying our 2008 revenue estimate of $150 million by a 2.0x Price/Sales multiple, we derive a $300 million market capitalization target for CFUL. Dividing this amount by 570 million fully diluted shares, we derive a $0.53 price target. As a result, we are initiating coverage of Continental Fuels, Inc. with a Speculative Buy rating and a $0.53 price target. However, we strongly advise investors to consider the risk factors mentioned below since the Company faces many challenges in achieving its revenue growth goals.

http://www.beaconequity.com/report/CFUL.pdf

this would mean around $0.25 for each upda share