4imprint (LON:FOUR) - Organic growth model
Aug 14th 2012 - Edison Investment Research today published a report on 4imprint (FOUR.L, LSE:FOUR, LON:FOUR) entitled "Organic Growth Model". In summary, the report says:
4imprint continues to produce organic growth well ahead of other marketing-related businesses, based on its strategy of sustained investment in marketing to capture a rising share of the highly fragmented promotional products industry. Our forecasts are unchanged. The shares are on a 7% P/E premium to the FTSE Media sector, which if rolled forward implies a valuation range of 335-347p on our forecasts.
Edison Investment Research is a leading international investment research company. It has won industry recognition, with awards both in the UK and internationally. The team of 95 includes over 60 analysts supported by a department of supervisory analysts, editors and assistants. Edison writes on more than 400 companies across every sector and works directly with corporates, fund managers, investment banks, brokers and other advisers. Edison’s research is read by institutional investors, alternative funds and wealth managers in more than 100 countries. Edison, founded in 2003, has offices in London, New York and Sydney and is authorised and regulated by the Financial Services Authority (www.fsa.gov.uk/register/firmBasicDetails.do?sid=181584). more »
