ORLANDO, Fla., Sept. 7, 2006 (PRIMEZONE) -- RedChip Visibility, a division of RedChip Companies, announced today that they have initiated research on Universal Guardian Holdings, Inc. (OTCBB:UGHO).
Saeid Hamedanchi, CFA, MSBA, EMBA, and James Altenbach, CFA, RedChip Research Analysts, wrote in the report:
"We believe that Universal Guardian should be trading at least fifteen times its forward P/E ratio for the fiscal year 2007. The stock is trading at a heavy discount within the current $1.00 range. This is derived from its main competitors (i.e.: especially Armor Holdings, TASER, and Dyncorp). Though TASER International is not a direct competitor, as they only compete in the non-lethal products market, it has traded in recent history at substantially higher valuation multiples (twenty-five times forward P/E) than the other players in the industry. Potentially, Universal Guardian could trade at a higher forward P/E ratio. Based on our projection of net income of $9,542,440 for fiscal 2007, the Company should have a market capitalization of $143,136,600. With 51,900,000 shares outstanding, this translates into $2.76 per share."
To receive a complimentary copy of the RedChip Visibility initial research for UGHO, please visit: http://www.redchip.com/visibility/about.asp?page=requestUGHO.
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RedChip Visibility Research Disclosure
RedChip Companies, Inc. ("RedChip") certifies that no part of the analysts' compensation was, is, or will be, directly or indirectly, related to the specific recommendation or views expressed by the analysts in the report. Additional information on the securities mentioned in this report is available upon request. This report is based on data obtained from sources we believe to be reliable, but is not guaranteed as to accuracy and does not purport to be complete. As such, the report should not be construed as advice designed to meet the particular investment needs of any investor. Any opinions expressed herein are subject to change. UGHO paid RedChip Visibility $32,400 for the RedChip Research Report and RedChip Visibility Program.