Midtown Partners initiates coverage of Medifast, Inc. with a Neutral rating. Analysts Alec Jaslow and William Relyea believe the company will continue to face industry headwinds and the asset intensive nature of the company makes it less attractive than competitors that sell directly to consumers with less infrastructure.
Midtown Partners initiates coverage of CalAmp with a Strong Buy rating. Analyst Michael Rindos is optimistic about the firm’s potential to post significant revenue and cash flow gains based on the take up of its Wireless Matrix MRM solutions and shipments of subscriber equipment to other M2M customers like Catepillar.
Midtown Partners initiates coverage of TomTom with a Neutral/Moderate Risk rating. Analyst Michael Rindos describes how the company is reinventing itself considering the continued decline in the personal navigation device market by developing and marketing new consumer products. He also points to how speculation that some tech giants, possible Apple, may be eyeing the company […]
Midtown Partners initiates coverage of Fleetmatics Group with a Neutral/Moderate Risk rating. Analyst Michael Rindos expresses concern over the mobile resource management company’s high valuation and potential for customer growth to trail off after some large customer wins are absorbed.