[I especially like this part of the report. Thanks for posting that, nanopatent! --Doc FG]
Scimitar maintains a “BUY” ranking on SSUR.OB and has upgraded the modeled valuation to $1.66 from $1.25 based on the impact of receipt of the CLIA Waiver. The revenue impact of this “waiver” affects the risk/reward scenario due primarily to SSUR.OB’s value drivers: a virtual operating mode (manufacturing and marketing are outsourced), modest executive infrastructure, the financial (margin) model (reflected by the terms of the “three-way deal); the results of which provides for a high percentage of revenues to drop to the bottom line. These value-drivers are transparent, simple and strong determinants of SSUR.OB’s business and operating model.