Freshpet Inc (FRPT)

[jerseyshore]

(from yahoo board)
Upgrade - BUY 2/23/2008
UPGRADE to BUY from Columbine Capital.

https://research2.fidelity.com/fidelity/... y=127-FRPT&user_sessionid=B50889CC08DA9B66

You'll have to have a Fidelity Account to access the link, but here's an excerpt:

Force Protection Inc BUY
NASDAQ: FRPT, $4.70 Upgraded 2/23/08
United States
Columbine Capital’s Investment Conclusion
The Columbine research team projects that Force will outperform the market over the next 6 to 12 months. The team has ranked it Favorable and recommends that investors buy it and hold until we recommend a sell.

Future Strong Performance
Columbine evaluated Force by comparing the company to its peers on a series of individual analytical tools that represent proven measures of a firm’s business value, its long-term growth characteristics, and the behavior of its investors. These criteria are the building blocks we use to construct our decisions. The particular measures reported below are some of those that Columbine’s historical studies show to have the greatest impact on this company’s future market performance. We present the individual measures in order of their significance to our recommendation. The conclusions from each of the criteria are synthesized into an overall ranking of Force’s return potential relative to the rest of the market according to an analytic framework that is specific to this economic sector. This disciplined, consistent evaluation process has a proven track record of investment success.

Book Value is Very Attractive
Companies with high book values and low stock prices can be considered as cushioned against severe declines by their intrinsic liquidation value, and are favored in this sector. We compare the accounting value of a company to its current stock price in the form of a ratio. Force’s ratio of price to book value is 1.31, much better than the median company.

Estimate Revisions are Attractive
In this sector companies that are the subject of
increasingly improving earnings forecasts tend to find favor with investors. We evaluate recent changes in Wall Street analysts’ estimates of a company’s future earnings on three different metrics. Over the past sixty days the changes in the estimates of Force’s future EPS have been slightly better than the median company.

Cash Flow is Very Attractive
Positive cash flow gives a company funds for internal expansion, acquisitions, dividend payments, etc. Our evaluation looks at a company’s cash flow over the past four quarters. Stocks favored by this measure have the highest cash flow available for their price. Force, with a price-to-cash flow ratio of 6.7 is much better than the median company.

Recent Earnings were Neutral
Exceeding Wall Street’s earnings expectations (a
positive “surprise”) suggests that prospects for the company may be even better than expected. Falling short of the expectation (a negative “disappointment”) is often punished by investors. Force’s EPS announcement for the latest quarter is too old to be meaningfully compared with the consensus expectation.

Forecast Earnings Yield is Very Attractive
The expected return (in earnings per share) for the purchase price of a company’s stock is one of the most basic measures of a firm’s intrinsic value. By comparing the consensus earnings estimates from Wall Street’s analysts with the current stock price we can focus our evaluation on the firm’s potential earning power. This is the most important valuation measure in this sector. At its current price of $4.70, we consider Force greatlyunder-valued. Rating :
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