ORLANDO, Fla., March 20, 2008 (PRIME NEWSWIRE) -- RedChip Independent, a division of RedChip Companies Inc., has issued a 4Q 2007 research update for OptionsXpress Holdings Inc. (Nasdaq:OXPS), a pioneer in online investing.
Surya Gautam, MBA, RedChip Research Analyst, reported:
"Following a strong Q4 performance, we believe that OXPS will continue to capture market share and should trade at a premium to its current levels based on its consistent, superior growth, strong financial position, and scalable business model. OXPS boasts a robust balance sheet with no long-term debt, and we think it likely that OXPS can sustain its revenue growth. In addition, OXPS does not plan to write down any debt related to the subprime mortgage crisis and should continue to benefit from current market volatility."
"We strongly believe that the reason for OXPS's low current market value is not because of its individual performance but because of the downward trend of the overall market. Hence, we are assigning OXPS a 'Speculative Buy' rating," Gautam concluded.
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