Westell Technologies Inc. (WSTL): A Smart New Kid on the Stock Exchange Block
Source: http://Blog.QualityStocks.net/?p=12150Posted on Thursday, September 4th, 2008 | In Small & Micro Cap
A NASDAQ listing sends an encouraging signal to the stock investing community. This case is no exception, for the company has plenty of promise in its business model and a reservoir of resources. The stock price is yet to reach the minimum level for listing of $1, but the company has excellent chances of meeting the deadline for this qualifying mark.
The company is in the arena of Internet services, and has a special strength in web-conferencing. It offers a broad product range, and is poised to take full advantage of business and entertainment communications through the World Wide Web.
The management has sent a useful confidence-building signal by buying a block of its stock. This assertive action is based on superior business prospects in the near term and a sound cash-flow situation within the company. The CEO has been personally at the vanguard of this move.
The stock price has touched $2.78 during the past year. The market capitalization of this corporation from Aurora, IL is around $65 million with a Beta of 0.90. These facts are bound to arouse investor interest in the stock, leading to a typical NASDAQ-style price appreciation. The company has been in business since 1980, and has built a suitable technological profile amidst leading broadband Internet service providers, which will stand it in good stead as it courts the investment community. The company has a stable mix of top corporations as clients, and an impressive network of resellers as well.
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arena of Internet, Aurora, broadband, broadband Internet service providers, entertainment communications, Internet services, Small & Micro Cap, USD, web-conferencing, Westell Technologies Inc.
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