March 11, 2005
SpeculatingStocks.com Stock Pick: eMerge Interactive, Inc. (EMRG)
Stock Price: $1.04 (long-term strong buy)
eMerge Interactive, Inc. is a food safety and human safety technology company focusing on the agricultural, foodservice, and healthcare industries. The Company has developed a portfolio of innovative food safety products under the VerifEYE(TM) brand to detect contamination in meat products. They are also developing a unique HandScan hygiene system for use in restaurants, hospitals, and other healthcare facilities.
EMRG is a mad cow play similar to ADSX and DOC. Right now, EMRG appears to be bottoming at the $1.00 level. It has even stronger support at the $0.85 level.
The company has $6.0 million in cash and cash equivalents.
Their HandScan hygiene system could be a money maker if it gets adopted by their target audience.
SpeculatingStocks.com Target Price: We expect EMRG to rise above $2.00 if and when there is another mad cow scare.