15:24:16 EDT Thu 28 Mar 2024
Enter Symbol
or Name
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CA



Lumenpulse Inc
Symbol LMP
Shares Issued 23,203,613
Close 2014-10-29 C$ 15.22
Market Cap C$ 353,158,990
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Globe says Lumenpulse possibly just a flash in the pan

2014-10-30 08:06 ET - In the News

The Globe and Mail reports in its Thursday edition that Lumenpulse ($15.22) had a winning initial public offering in April. The Globe's David Milstead writes in the Vox column that the stock, however, has fallen precipitously since late July, thanks to a significant sales miss in its most recent quarter and an ill-timed insider stock sale. Lumenpulse bulls see an opportunity. Buy-side analysts suggest a 12-month target price in the high $20s. The Globe notes that even at today's depressed prices, Lumenpulse stock is trading at a rich valuation, with a forward price-to-earnings ratio of 77. That suggests Lumenpulse will have to dazzle over many years to reward its shareholders. By specializing in LEDs, Lumenpulse is part of the future of lighting. Analysts believe the LED market can grow at a rate of 30 per cent or more for the next several years. Canaccord Genuity analyst Jonathan Dorsheimer says the supply chain issues that contributed to earlier poor results have been resolved. The analysts says investors have been "throwing the baby out with the bathwater." He has a $29 target price. The Globe says Lumenpulse's near term may brighten rather quickly, but watch your step beyond that.

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