January 16, 2007
SpeculatingStocks.com Stock Pick: Telestone Technologies, Inc. (TSTC)
Stock Price: $10.33 (long-term strong buy)
Telestone Technologies, Inc. provides wireless communications coverage solutions primarily in the People's Republic of China. These solutions include products such as repeaters, antennas and radio accessories.
The company reported revenue of $5.2 million and net income of $739,000 for the most recent quarter, an increase of 32% and 17.4% respectively over the same period last year.
TSTC recently won bids from four regional telecom operators to provide indoor coverage system equipment for China Telecom, China Unicom and China Netcom. TSTC is heavily involved in projects for the 2008 Beijing, China Olympics.
TSTC's price may be overextended for the short-term, but long-term prospects are looking strong for TSTC. More and more investors are finding out about TSTC.
There are only 5.07 million shares in the TSTC float.
SpeculatingStocks.com Target Price: We expect TSTC to reach $20.00 within the next 4 - 8 months.