CoverAll Technologies (COVR)

[rrat02]

RANDOM THOUGHTS. My guesstimate is that 2013 revenue will be right around $21 million. Continue to be surprised that the stock price is not at least 2X revenue which would be $1.60 per share. My thinking is that if COVR can increase the 2014 top line to at least $23 million AND the cost savings measures that were discussed in the recent CC are in fact successfully implemented then we should hopefully see a P/S multiple of 2.5 to 3.0. That would be a stock price ranging between $2.18-2.62.

Of course the potential catalysts are the announcement of new sales contracts and hopefully more licensing agreements.