ORLANDO, Fla., April 19, 2007 (PRIME NEWSWIRE) -- RedChip Independent, a division of RedChip Companies, announced today that it has initiated research on Leading Brands Inc. (Nasdaq:LBIX).
Holmes Osborne, CFA, RedChip Research Analyst, wrote in the report:
"Our Initial Target is $4.22: This is based upon the stock trading at four times tangible book value. We feel this is very conservative given the valuation of other beverage companies. Now is a compelling time to consider investing in Leading Brands due to the market's punishment of the stock for the loss of the Hansen's contract. Compared to other beverage companies, Leading Brands is selling at a substantial discount. We issue a Buy rating."
To receive an abbreviated sample of the RedChip initial research on LBIX, please visit: http://www.redchip.com/independent/subscriber.asp?page=3DrequestLBIX_initial
About RedChip Independent(tm)
RedChip Companies, Inc. is a well-established source of independent research and information on the small-cap market. Dedicated to "discovering tomorrow's blue chips today(tm)," its analysts seek out up-and-coming and undiscovered small-cap companies before they show up on Wall Street's radar screen. For more information please visit RedChip.com or call 1-800-RedChip.
The RedChip Companies Inc. logo is available at http://www.primezone.com/newsroom/prs/?pkgid=2761
RedChip Independent Research Disclosure
The analysts contributing to this LBIX RedChip report do not hold any shares of LBIX. Additionally, the analysts contributing to this report certify that the views expressed herein accurately reflect the analysts' personal views as to the subject securities and issuers. 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 analyst in the LBIX RedChip report. Additional information on the securities mentioned in this report is available upon request. This LBIX RedChip 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 LBIX RedChip 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. LBIX is not a client of RedChip Companies, Inc., or any of its affiliates.