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PRO articles cover stocks that fly under most investors' radar screens.
EMCORE Up 25% On Value Added Catalysts - I'm Seeing Further Upside
- EMCORE (EMKR) surged 25% Thursday on the divestiture of its Photovoltaics Business, a planned CEO change and a Tax Benefits Preservation plan, evidence of management will to add value.
- The recently stale story enlisted Raymond James to help unlock value, which it demonstrated in divestiture of its Photovoltaics Business for $150 million, nearly equal to its total market cap.
- EMKR now valued in line with peers on a price-to-sales basis, should see 15% minimal long-term EPS growth, with significantly more price appreciation on further divestitures and found operating efficiency.
- BioTelemetry Selected As Small-Cap Growth Pick