Musicman
Well-known member
- Joined
- Feb 27, 2002
- Messages
- 1,909
Just read this online and thought it might be interesting to see what the rest of you think.
"Guitar Centers of America (GTRC ): As the leading player in its market niche, we believe Guitar Centers is a "category killer" in a fragmented U.S. market. We forecast total revenue growth of 14% in 2005, with EPS driven 17% higher by margin expansion from improved inventory management and leverage over fixed costs. Based primarily on our discounted free cash-flow model, we believe the shares are significantly undervalued. "
"Guitar Centers of America (GTRC ): As the leading player in its market niche, we believe Guitar Centers is a "category killer" in a fragmented U.S. market. We forecast total revenue growth of 14% in 2005, with EPS driven 17% higher by margin expansion from improved inventory management and leverage over fixed costs. Based primarily on our discounted free cash-flow model, we believe the shares are significantly undervalued. "