Hurray! Wins Applause, Upgrade – Analyst Blog
Source: http://www.zacks.com/stock/news/20608/Hurray%21+Wins+Applause%2C+Upgrade+-+Analyst+BlogPosted on Friday, May 29th, 2009 | In Market Commentary, Stocks to Watch
We upgrade our recommendation to a Buy for Hurray! Holding Co. Ltd. (HRAY), a leading provider of wireless value-added services (WVAS) and digital download content in China, following large-scale 3G (TD-SCDMA) wireless network deployments and the company’s transformation to an entertainment content developer.
Hurray! also has a respectable net cash position on its balance sheet and operating margins appear to be improving due to cost reduction measures.
We believe the company may be in the midst of a favorable turnaround, with share priced at an attractive level near the company’s net cash position. Wireless demand for mobile entertainment services may also result in higher revenue levels over the next six- to twelve-months.
Read the full analyst report on “HRAY”
Zacks Investment Research
Last 5 posts by Zacks Market Commentaries
- Label Expansion for AZN Drug - Analyst Blog - February 9th, 2010
- Cousins Properties' FFO Plummets - Analyst Blog - February 9th, 2010
- American Capital Earnings Surge - Analyst Blog - February 9th, 2010
- BioMarin Planning to Expand - Analyst Blog - February 9th, 2010
- Zacks Releases Four Powerful ''Buy'' Stocks: lululemon athletica, RPM International Inc., GSI Commerce, Inc. and World Acceptance Corporation - Press Releases - February 9th, 2010
 About Zacks Market Commentaries (http://www.zacks.com/)
Zacks Market Commentaries |
No recommendations, either expressed or implied, are being made to buy, sell, hold or short any of the mentioned stocks. No legal, tax or accounting advice is expressed or implied. Always contact your attorney, CPA, or tax advisor before acting on any legal or tax issues. StraightStocks.com is not responsible for the content, products, or services of any of the advertisers on this site. StraightStocks.com receives compensation from advertisers on this blog. Services and products referred to herein are trademarks, registered trademarks, servicemarks, and/or registered servicemarks of their respective trademark or servicemark owners.