Harmonic Energy Inc. ( OTCBB : ASUV ) ( OTCQB : ASUV ) is a company focused on tire manufacturing and recycling, using an innovative approach to energy efficiency and sustainability. Harmonic is honored to announce that Cohen Independent Research Group, Inc., Wall Street’s leading independent fundamental research firm, has issued a research report on Harmonic Energy with a “buy” recommendation and a long-term target price of $5.26.
The Cohen Price Index Target is calculated using 2013 Price-to-Earnings ratio (P/E), Cohen Price-to-Capital Employed ratio (P/CE), Cohen Discounted Cash Flow (DCF). The P/E and P/CE are based on market multiples and representative of the broader industry in which the Company operates. The last component in calculating the Cohen Price Index Target is the value derived using the long-term DCF valuation approach. Based on an average of these methods, ASUV’s common stock is valued at $5.26 per share.
Download a copy of this report www.harmonicenergyinc.com/investors/presentations
Led by Paul Cohen, Cohen Independent Research Group is Wall Street’s leading Independent micro-cap research firm, concentrating on emerging companies with strong management teams focused on shareholder value and sustainable competitive advantage. As founder of Bear Stearns Western Regional Offices, Paul Cohen was one of the original 12 Dirty Dozen analysts, regarded by many to be the top 12 security analysts in the nation. Mr. Cohen was also the West Coast Senior Vice President of CBWL-Hayden Stone-American Express. Mr. Cohen’s partners were Sanford I. Weill (past Chairman and CEO of CitiGroup and past Chairman of Solomon Smith Barney) and Arthur Levitt (past Chairman of the SEC).
Cohen Independent Research Group includes nine PhDs, two MDs, six CFAs, three with CPAs and 21 analysts covering most industries. The backbone of the fundamental research targeted at stock investment includes investigative research into significant corporate events, thorough review of SEC filings, in depth financial analysis, valuations, and management profiles. For more information visit www.cohenresearch.com
