MortgageBrokers.com Announces Record Revenue in FY2007 Q1; Speculative Buy Rating
TORONTO, May 23 /PRNewswire-FirstCall/ - MortgageBrokers.com Holdings, Inc. (OTCBB: MBKR) announced its first-quarter results on May 22, 2007. With the reported revenue of $1.2 million in the first quarter, we are maintaining both our FY2007 revenue estimate of $24.0 million and estimate of $0.20 EPS. It canceled the announced 3-1 forward split. We reiterate our Speculative Buy rating and 12-month price target of $1.00 per share.