International Monetary 'Buy/4,' Target Raised To $1.06, By Investrend Research Analyst Gary Vassalotti
New York, May 18, 2006 -- (Investrend Research Syndicate) International Monetary Systems, Inc. (OTCBB: INLM) has been reiterated as "Buy/4," with an increased target valuation from $0.80 to $1.60, according to Investrend Research analyst Gary Vassalotti.
The analyst added:
"International Monetary's sales have been growing at an outstanding rate, During the past five years, on average, over 46%. I believe that this trend should continue given the opportunities for industry consolidation and acquisitions that are available to the company.
Account changes depressed earnings in the short term, but the company is still compelling. It is because of the small float that I have rated the company Buy / 4 International Monetary Systems, a publicly traded barter company, operates in a highly fragmented industry. International Monetary has taken of advantage this situation to purchase competitors and expand the business in sales and profitability.
The company's strengths include:
- Publicly traded. Stock provides a source of funding for acquisitions through issuance and exchange of shares.
- Strong cash position
- High Gross Margin
- Seasoned management
- A cash fee paid for handling the transaction (12% (6% buyer, 6% seller fees). This equates to around $6.248mm (2005) given a trade volume of $52mm.
- A cash membership fee paid when a member joins ($595).
- Monthly maintenance fees ($10 cash / $10 in trade dollars). With over 9,700 business clients, INLM receives over $97,000 per month in cash dollars and over $97,000 in trade dollars for its own account.
The full report, including important disclosures and disclaimers, is available at http://www.investrendresearch.com, at the company's InvestorPower page at http://www.investrend.com/company/list.asp?sPathParam=yes Investors are advised to read those disclosures carefully before trading in the equities of any enrolled company.
International Monetary is enrolled in Investrend Research's pioneering professional research program, which facilitates independent analysts to provide coverage for shareholders in companies that otherwise would have little or no analyst following. Enrollment fees for Institutional coverage are $29,800, and the fees were paid by the company via a barter credit. Analysts are paid in advance of initial reports by Investrend Research to eliminate pecuniary interest, and neither the analyst nor anyone associated with Investrend Research may own or trade in the stocks of a company under coverage.
Anyone interested in receiving alerts regarding International Monetary research should email contact@investrend.com with "INLM" in the subject line.
Contact:
International Monetary Systems, Ltd., 262-780-3640
http://www.internationalmonetary.com
or
Investrend Communications, Inc.
R. Hempel, 718-896-5060
info@investrend.com
www.investrendresearch.com
Source: International Monetary Systems, Ltd.
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