Financial Services Industry
Industry: Email Alert RSS FeedTrafficmaster issues profit warning.
Investors Chronicle, December, 2004
Supply disruptions and higher marketing spend have forced Trafficmaster to issue a profit warning. Volumes of its Smartnav product are to fall 1,000 short of the projected 28,000 this year. But it has held its volume forecast for next year at 48,000.
Even on reduced forecasts, Trafficmaster's shares look inexpensive, although they are risky - volume targets can be easily missed and the group does have a record of disappointing. Speculative buy.
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