Sep 10th 2012 - Edison Investment Research today published a report on Cupid (CUP.L, LSE:CUP, LON:CUP) entitled "H2 Investment Payback". In summary, the report says:
Cupid’s interim figures were in line with guidance given at the half-year trading update and show considerable progress in building the more recently established territories. Marketing spend will inevitably be higher in the first four months of the year, with the associated profits from the investment coming through in H2 and our forecasts are unchanged on these figures. The strong earnings progression means the shares no longer carry a premium rating, while the significant potential for growth in the US is not yet priced in.
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