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TouchIT Technologies .. otcbb ticker: TUCN posted Q2 SALES up 44%, PROFIT up 947%
website www.touchittechnologies.com
With only 3-4 million interactive whiteboards sold worldwide to date and over
1 BILLION classrooms, the market is in its infancy stages growing at an avg rate of 25-33% per year that is expected to continue strong over the next 5 years.
TUCN is gaining market share daily from the 2 industry giants SMART TECH and PROMETHEAN.
2011 estimates are $12.5mil sales and $3.1mil net, assuming a valution of 3 X's sales and/or 12 X's eps = $37mil fair valuation = $.55-.60 share price based on 67mil shs outstanding. However for a company growing at 5x's its industry and 25% net income should imo command much higher multiples of 25 P/E = $78mil market capitalization or well over $1 per share. Current share price is $.20 to .30
See PPT http://www.newenglandinvestmentnetwork.com/temp/Investor_Presentation_110810.pptx
Disclosure: long TUCN