Business Services Industry

Montgomery Securities Resumes Coverage of Protection One, Inc. with a BUY Rating

Business Wire, Sept 23, 1996

SAN FRANCISCO--(BUSINESS WIRE)--Sept. 23, 1996--Montgomery Securities Analyst Carl Reichardt has resumed coverage of Protection One, Inc. (NASDAQ: ALRM) with a BUY rating.

Reichardt's earnings estimates are ($1.38) per share in Fiscal Year (September) 1996 and ($1.29) per share in Fiscal Year 1997. His 12-month target price is $18, or approximately 34% above current levels.

Protection One, Inc. is the largest residential alarm monitoring company in the six western states in which it operates. The company offers a variety of optional services designed to enhance the basic alarm system, including extended service protection, two-way voice, wireless back-up and pager service.

Reichardt believes Protection One's acquisition pace, ongoing dealer recruitment and partnering with telecommunications and utility companies will result in a rapid increase in subscriber accounts and will allow the company to achieve dominant market share in an increasing number of markets.

CONTACT: Montgomery Securities, San Francisco

Carl Reichardt, 415/627-2954

Ana C. Quadros, 415/627-3154

aquadros@montgomery.com

COPYRIGHT 1996 Business Wire
COPYRIGHT 2008 Gale, Cengage Learning
 

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