> 3. New Report on Jupiter (JMIH) $0.33, with $0.65 Price Target. > > It always seems to start like this (on stocks that go on to score big > gains, that is)...we hear from friends complaining, "Oh there's no > volume...." and "Oh, the spread is to big..." or "Oh, you have to make an > appointment to buy any stock...." > > In fact, we just got this e-mail the other day from a subscriber (a nice > guy) in Germany: > > ===== > > It's impossible to buy the stock, it does not trade for days at a time, it > has no volume whatsoever, the bid and ask remain the same for weeks and, I > checked on Reuters, the next trade after the top price paid of 40 cents > in the week of March 20, 2004, it traded again .... on May 1st at .... 16 > cents !!! > > Insiders control 50.3% of the stock and there must be no float. > > It looks great on paper but..... > > Signed wolfgang > > ===== > > It's like complain, complain, complain and then like out of the blue, 6 > months or a year down the road, these things seem to take on a life of > their own...leaving even us a bit flabbergasted. Millions of shares start > trading, the spread tightens... > > Would you like a list of our stocks were this has happened ???? > > We'd be happy to send you one...! > > No ? Well okay then. Now of course, we're not saying Jupiter will be > trading millions of shares a day next year, but we'd just like to point > out how things change sometimes.... > > And not for nothing, but the stock has been getting a day here and a day > there -- with 100,000 shares trading, which is better from when it used to > trade 2000 shares in an entire month. Interest, as we say, is developing. > > Historical Pricing: http://finance.yahoo.com/q/hp?s=JMIH.OB > > Anyway, the ResearchStock.com web site has put out a report with a $0.65 > price target. It's paid for, but nonetheless gives earnings and revenue > estimates as well as a price target, something which we never do. > > And last but not least, it was written by Rick Wayman who is a CFA. > > Rick was an officer and equity analyst at Fifth Third Bank (buy-side) and > The Ohio Company (sell-side) for over seven years. During that time, he > followed companies in the consumer goods, business services, transport, > media, community banks, and retailing sectors. He was also involved in > several initial public offerings, secondary offerings and the development > of a successful telecommunication and technology unit investment trust. He > has over 20 years of investment experience. > > Anyway again, the price target comes from an old school method of > "blending" 3 ratios, Price to Book, Price to Earnings and Price to Sales. > You take the "ranges" of all three, put them in a bag, shake them all up > and VOILA, you get your "price target." > > Even though we don't do price targets, we'll add that if we thought the > potential of this stock was only $0.65, we would have never gotten > involved. We'll secondarily add that the report did add this "positive" > caveat: > > "If the market "discovers" JMIH, our price target may be reached faster > than anticipated." > > Okay, now they're speaking our language. Though we would have preferred > "higher" than "faster." > > Here's the ranges (which can be found on page 6 of the report) for 2006: > > Price to sales range; 14% to 55% or a price target of $0.13 to $0.50 > Price to book range; 120% to 500% or a price target of $0.19 to $0.79 > Price to earnings range; 15 to 30 or a price target $0.72 to $1.43 > > Here is the report: > > http://www.researchstock.com/members/companies/jupiter/.JMIH1Q05.pdf > > Or you can go here and pay $10 for the report. Of course you won't pay > $10, but it's nice to see it's "available" on Yahoo ! > > http://reports.finance.yahoo.com/w0?r=34214672:1 > > Jupiter Marine will be our first Watch List addition (to the Boating Stock > Review Watch List) for 2005. >
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