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BUZZ-Avanti: de-linking

Tue, 05th Aug 2014 14:34

** The pain is unlikely to be over for shares of satelliteoperator Avanti Communications.

** Volume has ticked higher over the past month as the stockraces towards a record low.

** Though none of the 4 analysts tracked by StarMine it a"sell" (3 "buys" & 1 "hold"), the stock ranks very poorly onvaluation, earnings & credit metrics.

** Cantor Fitzgerald initiated coverage with a "buy".

** While revenue has ticked higher, profits appear to be along way away. http://link.reuters.com/qaz52w

** Small-cap specialist Ennismore has a 1.51% short positionin the stock & has been short the stock since at least Feb 2013.

(RM: vikram.subhedar.thomsonreuters.com@reuters.net)


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