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EASY Easylink Services Corp CL A (MM)

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Share Name Share Symbol Market Type
Easylink Services Corp CL A (MM) NASDAQ:EASY NASDAQ Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0 -

Dutton Associates Announces Investment Opinion: EasyLink Speculative Buy Rating Maintained In Update By Dutton Associates

30/04/2007 5:30pm

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Easylink Services (NASDAQ:EASY)
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Dutton Associates updates its coverage of EasyLink Services (Nasdaq:EASY) maintaining a Speculative Buy rating and a 12 month price target of $6.75. The 10-page report by Dutton senior analysts Joe Noel is available at www.jmdutton.com, and from First Call, Bloomberg, Zacks, Reuters, Knobias, and other leading financial portals. We continue to rate shares of EasyLink Services Corporation at Speculative Buy for two reasons: 1) First, we and the Company’s management team are predicting a rather dramatic turnaround in operations during 2007 with the Company likely turning profitable after two years of losses. We believe management’s 2007 earnings guidance in the range of $0.20 to $0.30 per share is reasonable, although we believe the high end of management’s guidance could be a bit overly aggressive, and 2) we believe this Company is an excellent acquisition target. We view shares of EasyLink as being significantly undervalued relative to a reasonable acquisition price. On January 19, EasyLink said its board of directors had formed a committee of independent directors to review strategic alternatives including a possible merger. On March 1, EasyLink announced that a committee of its board of directors is continuing to review the Company's strategic alternatives and expects to complete its work to make a recommendation to the full board in the near term. We believe the arguments for selling this Company relative to the maximization of shareholder value are compelling. About Dutton Associates Dutton Associates is one of the largest independent investment research firms in the U.S. Its 31 analysts, primarily CFAs, have expertise in many industries. Dutton Associates provides continuing analyst coverage of over 145 enrolled companies, and its institutional-quality research, estimates, and ratings are carried in all the major databases serving institutions and online investors. The cost of enrollment in our one-year continuing research program is US $35,000 prepaid for 4 Research Reports, typically published quarterly, and requisite Research Notes. Dutton Associates received $83,500 from the Company for 13 Research Reports with coverage commencing on 9/04/2002. We do not accept payment of our fees in company stock. Our principals and analysts are prohibited from owning or trading in securities of covered companies. The views expressed in this research report accurately reflect the analyst's personal views about the subject securities or issuer. Neither the analyst's compensation nor the compensation received by us is in any way related to the specific ratings or views contained in this research report or note. Please read full disclosures and analyst background at www.jmdutton.com before investing.

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