The Microcap Speculator submits: HQ Sustainable Maritime (ticker: HQSM.ob) got upgraded yesterday by Market Advisors, which set a price target of $1.75. Sounds great, right? Here's the catch. An undisclosed "third party" paid Market Advisors $2,500 to issue the report:
The information and opinions in this report were prepared by Market Advisors, Inc. (located in Nebraska) who does receive fees for services including preparation of this report. For this report, officers of Market Advisors Inc received $2,500 from a non -affiliated third party.
While I continue to like HQSM and continue to own the stock, I think the price target is a bit ridiculous. That would value the company at 4x current sales. I don't know any food manufacturer valued that richly. If you PayPal me $2,500 though, maybe I'll change my mind.
DISCLOSURE: I am long HQSM.OB. Not a recommendation to buy or sell any security. For informational and educational purposes only.
HQSM 1-Yr Chart