Market Advisors' Initiates Coverage on Veltex Corporation With Target Price and Research Brief
Monday January 27, 8:10 am ET
DIAMOND BAR, Calif.--(BUSINESS WIRE)--Jan. 27, 2003--Veltex Corporation (OTC Symbol:VLVT - News) is pleased to announce that Market Advisors begins coverage of Veltex. Mr. Helleberg marks a positive outlook on VLVT based on the continuing developments of the Company's fundamentals.
Mr. Jeff Helleberg is the lead analyst of Market Advisors, a company that has been in business since the 1970's. During the late 1980's and through the 1990's, Mr. Helleberg was the editor and chief of the nationally syndicated Marketarian Newsletter. Under Mr. Helleberg's guidance, the Marketarian was rated numerous times by The Wall Street Journal, Hulbert Financial Digest and the Timer Digest among others as one of the best market timers, top bond timers and having one of the nations best model portfolios.
Mr. Helleberg has performed in-depth analysis on VLVT. Based on the empirical and intrinsic methods of Market Advisors for projecting stock prices, Mr. Helleberg anticipates a short-term target price of $0.35 per share for VLVT. Current price is approximately $0.04 cents.
Mr. Helleberg stated, "Risk should be extremely low from a technical perspective. In my opinion, VLVT shares trade for a fraction of their potential value, realizing of course that if revenues continue to climb and unforeseen world events don't interrupt progress, market cap should grow, which in turn equates to higher stock prices."
Mr. Matin, President and CEO of Veltex Corporation stated, "We at Veltex are honored that an individual of such high caliber as Mr. Helleberg has taken a strong and positive short-term outlook on our organization. We expect the longer term outlook to justify a price of $1.50 to $2.00 based on the Company's current business and level of development."
........Larry....!!..
....................The best is YET to come....!!
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