Jul 17th 2012 - Edison Investment Research today published a report on quickview entitled "Planning For Growth". In summary, the report says:
With TXT Perform platform development complete and the sale of Polymedia behind it, TXT e-solutions is in a strong position to grow its business profitably. We see scope for organic growth from international expansion, product development and cross-selling, which could be accelerated via acquisitions. In our view, the valuation reflects TXT’s historic low profitability and as margin growth becomes evident, we see scope for the share to re-rate. We will be initiating full coverage on TXT in Q312.
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 »
