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Shon Klegin

$1.74
4/28/08
$730,446.18

1
04/28/08
-18.2%
-27%
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Stock Pick by Shon Klegin

FMCN: FMCN riding the Olympics to $65

Start trading FMCN with real money!

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7 ratings
Posted 562 days ago on 5/08/08

FMCN will go UP
$65.00 on 11/08/08
$13.10 (-67.10% from time of market call)
$23.61 (-40.71%)
on 7/10/08

Technically speaking, the stock has a highly positive price momentem. The long term performance of the company is up almost 5% YTD. However, it is down almost 23% in the last quarter. Conclusion - the long term perfomance is a better indicator of future price performance and the shorter term results should reverse. Fundamentally speaking, the company should begin to realize signficant revenue growth from its acquisitions of CGEN in January and of Allyes in March. Additionally, revenue should get an extra lift from the summer Olympics this year. Additionally, their operating profit margin of 28.4% crushes the industry average of 10.53%. With double the average operating margin and strong revenue growth, the resulting earnings growth should come in very strong and send this stock up to $65.00 by the 4Q.

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