NEW YORK, Sept. 8, 2004 (PRIMEZONE) -- The following is an investment opinion issued by Investrend Research Syndicate:
Broadview Press (TSX Venture Exchange:BDP) Fair Value has been lowed to $0.39, but Investrend Research affiliate Fundamental Research Corp. has maintained its "Buy" rating with "Average Risk."
Fundamental Research Corp. recently released a 7-page second quarter update on Broadview Press Inc.
The full report, including important disclosures, is available free at www.fundamentalresearchcorp.com and www.investrendresearch.com.
According to the analyst, the company experienced a decline in Q2 sales over the same period last year. The report notes that changes in Ontario's high school system resulted in an abnormal and temporary increase in sales around the same time last year.
Fundamental has revised its EBITDA and Sales projections for 2004 and 2005, incorporating more normalized growth rates. The report notes that the company is refocusing on sales and costs by increasing its sales force, and tightly controlling non-sales related expenses.
Both Fundamental Research Corp. and Investrend Research subscribe to the "Standards for Independent Research" at www.firstresearchconsortium.com.
Broadview Press has paid a research fee of less than $25,000 upfront.
Complete information about this company is available at the company's InvestorPower page at http://www.investrend.com/company/list.asp?sPathParam=yes , and the full report is available at: http://www.fundamentalresearchcorp.com/PDF/bdp2004q2.pdf and www.investrendresearch.com . Investors are advised to read disclosures carefully before trading in the equities of any enrolled company.
Anyone interested in receiving alerts regarding Broadview Press Inc. research should email contact@investrend.com and distribution@fundamentalresearchcorp.com with "BDP" in the subject line.