|
Recommendation |
Interpretation |
|
Buy |
Good fundamentals and quantifiable business opportunity , all packaged at a reasonable valuation with good upside. |
|
Speculative Buy |
An identifiable business advantage evident at a valuation justifying buying at current prices. Certain non-financial or financial performance, however, may be either lacking or still developing, creating relatively increased volatility or risk. Buy at current prices but oriented to more speculative investors. |
|
Hold |
Company performance is at a cross roads in terms of fundamentals or business operations with an identifiable degree of risk and reward in place. Certain future non-financial or financial performance could create attractive longer term opportunity for investors. Near term risk exists and stock ownership should be dependent on tolerance of risk. |
|
Reduce |
Poor fundamentals or questionable business opportunity and trading at an unwarranted valuation. |
|
Under Review |
Under review for various reasons that will be explained. |
|
Tender |
Analyst recommends investors tender shares to the current offer based on the information provided in the offering document. |
