DG FASTCHANNEL INC COM USD0.001 (NASDAQ:DGIT)
CAPS Rating:
The Company is a provider of digital technology services that enable the electronic delivery of advertisements from advertising agencies to traditional broadcasters and other media outlets.
RSS Headlines
Fool UK
Recs
DG FastChannel...oh how the mighty have risen and fallen all within the last two years. DGIT would not have been one of my first choices for a long about two weeks ago - in fact it was a possible short trading at some very lofty levels. Now, trading at about 9 times 2011's profit projections, about 0.9 times book value and with $2.80 in net cash per share I think you're getting yourself a nice value. DGIT is going to grow at 18% per year for the next five years and although pricing pressures will always beat down the advertising sector, I just don't see how you can't be expecting a quick bounce here over the next few days/weeks. Make no mistake this is a shorter-term pick and although the fundamentals back up the rebound, I'm not convinced they won't deserve this valuation in say a year or two. My 2 week to 2 month target is in the $17-18 range and I'll be looking to nab DGIT at $14.72 as a limit buy.
UltraLong
Ultra, heads up, looks like this is an old 'short term' pick made in 2010 that fulfiled now. Not sure whether you still feel the same way about the firm.