July 27, 2004
SpeculatingStocks.com Stock Pick: VCampus Corporation (VCMP)
Stock Price: $1.79 (long-term strong buy)
VCampus Corporation is an e-Learning services company that helps corporations, institutes of higher education, and government agencies host and manage Internet based learning environments. VCampus has delivered 2.8 million courses to 835,000 computer users.
If you do not know of this genre of software just look around at how many universities are using it. Some universities have even set up full-service online degree programs such as the University of Phoenix. However, Most universities tend to use the software as an addition to the normal classroom setting, creating a hybrid course. Demand will only grow for the e-Learning software.
The company’s select partner program is expected to generate major revenues for the company going forward. As partnerships are announced the revenue will trail three to six months due to implementation of the VCampus software. This program is unique to VCampus and sets out to work around the commoditized e-Learning fee structure that is currently in place.
The select partner program could easily generate badly needed revenue and create a profitable operation for VCMP. VCMP is at its lowest price since January this year.
There are 6.44 million VCMP shares outstanding.
SpeculatingStocks.com Target Price: We expect VCMP shares to rise above $3.00 -- long-term horizon.