Saturday, July 10, 2010 9:58:06 AM
DJSP CHART. Friday we got midday news with coverage initiated with a "buy" and target of $9.00. With a short position of over 1.5 mill or 17% of the float I expect a steady climb up from here. Big acquisition news is also pending and could come any day.
11:31 DJSP DJSP Enterprises initiated with a Buy at Ladenburg Thalmann; tgt $9 Ladenburg Thalmann initiates coverage on DJSP with a Buy and a $9 tgt. Firm believes DJSP is undervalued and view current weakness in share price as a buying opportunity. The market, in their view, has overreacted to the recent significant reduction in FY10 guidance, which was precipitated by a temporary slowdown in referrals from one large client owing to some internal restructuring, and they expect these referrals to come back in 4Q10. Further, they expect the impact of ongoing government programs aimed at preventing foreclosures to be muted as they have demonstrated limited success to date.
11:31 DJSP DJSP Enterprises initiated with a Buy at Ladenburg Thalmann; tgt $9 Ladenburg Thalmann initiates coverage on DJSP with a Buy and a $9 tgt. Firm believes DJSP is undervalued and view current weakness in share price as a buying opportunity. The market, in their view, has overreacted to the recent significant reduction in FY10 guidance, which was precipitated by a temporary slowdown in referrals from one large client owing to some internal restructuring, and they expect these referrals to come back in 4Q10. Further, they expect the impact of ongoing government programs aimed at preventing foreclosures to be muted as they have demonstrated limited success to date.
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