Legacy Holdings Inc. (OTC: LGYH) has been rated Speculative Buy with a price target of $2.00 by Beacon Equity Research Analyst Lisa Springer, CFA.
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In the report, the analyst writes, “Legacy Holdings provides wafer cleaning, etching and photoresist stripping equipment and technology to the semiconductor and related industries. The Company differentiates its services from others with innovative, patented 'Green Chemistry' technologies that provide an environmentally safe process for photoresist removal over metal-exposed surfaces and organic cleaning of any size substrate. The advantages of its technologies, which include lower materials cost and improved oxide removal control, have enabled the Company to establish partnerships with and receive orders from the industry’s largest manufacturers. The Company plans to introduce these technologies to other Tier 1 suppliers and anticipates significant revenue growth in 2008 and operating profits in 2009.”
Beacon Equity Research Disclosure
The analysts contributing to this report do not hold any shares of Legacy Holdings (LGYH). Additionally the analysts contributing to this report certify that the views expressed herein accurately reflect the analysts' personal views as to the subject securities and issuers. The analyst(s) writing this report recognize and aspire to all of the CFA Institute Guidelines for Independent Research. Beacon Equity Research (“Beacon”) certifies that no part of the analysts' compensation was, is, or will be, directly or indirectly, related to the specific recommendation or views expressed by the analysts in the report. BER and its affiliates have been compensated nine thousand five hundred dollars from a non-controlling third party (Hampton Growth Resources) for enrollment of LGYH in its research program. This report is based on data obtained from sources we believe to be reliable, but is not guaranteed as to accuracy and does not purport to be complete. As such, the report should not be construed as advice designed to meet the particular investment needs of any investor. Any opinions expressed herein are subject to change.