September 15, 2005
SpeculatingStocks.com Stock Pick: Farmstead Telephone Group, Inc. (FTG)
Stock Price: $3.26 (short-term strong buy)
Farmstead Telephone Group, Inc. is a national provider of telecommunications systems and services. As an Avaya partner it offers systems design, installation and services on a national basis. The company is currently deploying its carrier based Hosted offerings through its One IP Voice subsidiary through which the company intends to become the largest provider of Hosted telecommunications services to the SMB market nationally.
FTG has been volatile over the last three weeks moving between $3.00 and $4.50. Volume has been up and down but we expect it to pick up once again over the next few days.
Second quarter revenues came in at $4.48 million, up 55% from the same period last year. Net loss was $474,000 for the quarter. The company continues to build its VoIP portfolio of services.
Right now, FTG has a market cap of only $10.93 million with only 3.35 million shares issued.
SpeculatingStocks.com Target Price: We expect FTG to reach $4.50 within the next two weeks.