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CTI Industries (CTIB) Research Update Released

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New York, NY - April 4, 2014 (www.investorideas.com newswire) Taglich Brothers released an updated research report on CTI Industries Corp. (CTIB) and raised the rating to Speculative Buy with a (12-month) price target of $6.40 per share based on estimated 2015 revenue and a projected price-to-sales multiple. The report noted the following key investment considerations

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  • A ramp in branded vacuum sealing machines and pouch products should, with support from economic gains, drive revenue and profit growth into 2015. But heavy high-interest borrowing used to finance the investment in the production and launch of vacuum sealing machines and pouch products will continue through 2015.
  • Wider distribution of vacuum sealing machines and open-top/roll pouch products, which now account for 18% of CTI’s revenue, has driven strong growth for a high-margin product line, growing sales of which could drive margin improvement.
  • For 2014 the International Monetary Fund projects strong GDP gains in US, Mexico and Europe after a weak 2013. While US GDP gains are constrained by consumer sentiment, US retail sales have maintained a largely upward trend during the past two years.
  • We increased our 2014 EPS estimate to $0.14 per share from $0.19 mainly to reflect higher interest expense. We project 2015 EPS of $0.18, a gain driven by revenue growth and leverage of operating expenses.
  • In 4Q13 (results released Mar. 25, 2014) CTI earned a profit of $66,000, or $0.02 per share, on revenue of $15.2 million. We projected 4Q EPS of $0.05 per share on revenue of $15 million. In the year-earlier quarter, CTI lost ($0.08) per share on revenue of $12.1 million.

The full report can be viewed at http://www.taglichbrothers.com/equityuniverse/companies/cti/CTI_Industries.aspx.

Company Description:

CTI Industries Corporation, through its facilities in Illinois, Mexico, and the United Kingdom, is primarily engaged in the development, manufacture, sale, and distribution of: 1) Novelty products, principally balloons (including mylar balloons and latex balloons), punch balls and other inflatable toy items; and 2) Specialty and printed films primarily for food packaging, specialized consumer uses, and various commercial applications.

Taglich Brothers:

Taglich Brothers, Inc. is full-service broker dealer focused exclusively on microcap companies. The Company defines the microcap segment of the equity market as companies with less than $250 million in market capitalization. Taglich Brothers currently offers institutional and retail brokerage services, investment banking and comprehensive research coverage to the investment community.

The Taglich Brothers' Equity Research department is dedicated to providing research reports that are informative, insightful and illuminating. Reports are designed to distill volumes of investment information into a concise, straightforward format so that busy professional investors can make informed investment decisions.

Disclaimer:

The information and statistical data contained herein have been obtained from sources, which we believe to be reliable but in no way are warranted by us as to accuracy or completeness. We do not undertake to advise you as to changes in figures or our views. This is not a solicitation of any order to buy or sell. Taglich Brothers, Inc. is fully disclosed with its clearing firm, Pershing, LLC, is not a market maker and does not sell to or buy from customers on a principal basis. The above statements are the opinion of Taglich Brothers, Inc. and are not a guarantee that the target price for the stock will be met or that predicted business results for the company will occur. There may be instances when fundamental, technical and quantitative opinions contained in the reports are not in concert. We, our affiliates, any officer, director or stockholder or any member of their families may from time to time purchase or sell any of the above-mentioned or related securities. Analysts and members of the Research Department are prohibited from buying or selling securities issued by the companies that Taglich Brothers, Inc. has a research relationship with, except if ownership of such securities was prior to the start of such relationship, then an Analyst or member of the Research Department may sell such securities after obtaining expressed written permission from Compliance. All research issued by Taglich Brothers, Inc. is based on public information. Taglich Brothers, Inc. does not currently have an Investment Banking relationship with the company mentioned and was not a manager or co-manager of any offering for the company within the last three years. In September 2012 the company paid an initial monetary engagement fee of US$4,500 to Taglich Brothers, Inc. representing payment for the first three months of creation and dissemination of research reports, after which the company will pay Taglich Brothers, Inc. a monetary fee of US$1,500 per month for a minimum of three more months for such services.For further information and Taglich Brothers, Inc. ownership data please refer to each individual report.

Contact

Richard Oh
Email: press@taglichbrothers.com

More Info:

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