Barron's Likes the DigitalGlobe Picture, Sees Potential for 30% Rise in Shares (DGI)
In this past weekend edition of Barron's, reporter Neil Martin suggested that shares of satellite photo company DigitalGlobe (NYSE:DGI) could rise about 30% next year as it adds revenue from government and business contracts.
For example, the Greek government hired the company to find tax cheats by taking overhead pictures of homes looking for swimming pools - an often unreported, yet taxable, item.
Citing several Wall Street analysts, the article notes that the company's valuation on a price to EBITDA basis (7.7x) is below the industry average of 10x.
SmarTrend alerted subscribers to but DGI on July 28th at $27.62 per share. Since the alert, the stock has risen 15.6%. SmarTrend is monitoring these developments and will alert subscribers to any change in trend.
DGI WAS 1 OF MAD MONEY FUNDS TOP STOCK TO BUY FOR 2010
Markets rise with Big Tech NAZ stocks leading the charge
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Dow gained 153, advancers over decliners about 3-1 & NAZ advanced 316. The
MLP index hovered in the 284s & the REIT index crawled up 1+ to the 358s.
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7 hours ago
1 comment:
Very interesting post on DGI
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