June 21, 2004
SpeculatingStocks.com Stock Pick: OpenTV Corp (OPTV)
Stock Price: $2.00 (short-term strong buy)
OpenTV Corp provides a suite of interactive television technologies that enable cable and satellite operators, programmers, and advertisers to create unique ways to interact with viewers. OpenTV technology is currently used in over 90 countries.
This company’s technology is responsible for creating a more in detail world on our televisions without the hassle running to the computer. OpenTV created various interactive sports platforms for ESPN Extra Baseball, NASCAR IN CAR, College Football, the NBA, and many others.
OpenTV partners include Motorola, QVC, Nokia, Discovery Networks, and others. Their partner network alone is worth the current share price.
OPTV currently has a book value of $1.74 with over $47 million cash on the balance sheet.
Demand for OpenTV’s technology will continue to grow as digital television providers match the demand of their subscribers who will want more and more out of their TV.
SpeculatingStocks.com Target Price: OPTV shares should see $3.00 by the end of August, there is little downside risk from current levels.
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