December 21, 2004
SpeculatingStocks.com Stock Pick: Via Net.Works, Inc. (VNWI)
Stock Price: $0.75 (long-term strong buy)
Via Net.Works, Inc. is a leading provider of business communication solutions to more than 135,000 small and medium sized businesses in Europe and the United States. Through the VIA, AMEN and PSINet Europe brands, the group offers a comprehensive portfolio of business communications services, including hosting, security, connectivity, networks, voice and professional services.
Since November 24th, there have been five insider purchases of VNWI totaling $190,000, all within the $0.69 - $0.75 range.
VNWI is currently trading under book value of $0.82.
The company generated sales of $18.2 million for the most recent quarter, and cut its net loss by 46% over the previous quarter. Sales of $24 million to $26 million are expected next quarter.
VNWI has a market cap of only $42 million, while they expect to make $68 million to $70 million in revenues this year.
They still have $23.9 million in cash on the balance sheet.
SpeculatingStocks.com Target Price: We expect VNWI to hit $1.50 within the next 2-4 months.
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