Business Services Industry
Guzman & Company Initiates Coverage of StarMedia Network with a Buy Rating
Business Wire, April 17, 2000
Business Editors
NOTE TO EDITORS: The following is an investment opinion issued
by Guzman & Company
MIAMI--(BUSINESS WIRE)--April 17, 2000
Analyst Patrick Comack's target price on StarMedia (symbol:STRM) is $32. Mr. Comack believes that StarMedia is inexpensive based on multiples of revenue and page view count. His long-term revenue growth projection for STRM is 100%.
Investment Thesis:
StarMedia is the leading Internet brand in Latin America led by CEO Fernando Espuelas. StarMedia Network is a Spanish and Portuguese language portal and new media content provider. The company is the first mover of the Latin American Internet portal space and has positioned itself as the leading brand in the region. STRM used its first mover position to quickly acquire a large portfolio of Latin American portals and new media assets. The company is a pure play on Latin American Internet advertising, ecommerce and the buildout of telecommunication infrastructure in Latin America, especially wireless.
If you have any questions, please feel free to contact analyst: Patrick J. Comack, Guzman & Co., 1200 Brickell Ave., Miami, FL 33131, 305/374-3600, patrick@guzman.com. Guzman & Company is a member of the NYSE.
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