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CardioDynamics International: California Equity Research Initiates Coverage of CardioDynamics Intl. With a Buy Rating


//health-fitness.news-articles.net/content/2008/ .. ge-of-cardiodynamics-intl-with-a-buy-rating.html
Published in Health and Fitness on Thursday, December 18th 2008 at 8:04 GMT by Market Wire   Print publication without navigation


SAN DIEGO, CA--(Marketwire - December 18, 2008) - California Equity Research, LLC, a leading independent investment research firm focused on California equities, is initiating coverage of CardioDynamics International Corporation (NASDAQ: [ CDIC ]) ($0.60) with a Buy rating and price target of $3.50. The following excerpts are from the CardioDynamics research report.

 -- CardioDynamics shares are significantly undervalued trading at a TTM revenue multiple of 0.17x. -- CardioDynamics revenue is expected to grow at an 8% annual rate through 2010 based on: -- New initiatives and additions to sales and marketing -- Next generation BioZ product to be released in late 2009 -- Growing traction in overseas markets particularly Eastern Europe -- Important clinical studies due for release in 2010 on hypertension and CHF 

More information on the 21-page CardioDynamics research report can be obtained by calling 866.928.2600 or by visiting online at [ www.CalEquityResearch.com ]. Please refer to our website for a full list of disclosures.

California Equity Research, LLC is an independent, research-only investment firm that exclusively covers underfollowed opportunities in California. Our research is produced by experienced analysts that have one committed goal: providing timely, value-added research ideas to our clients. For more information about California Equity Research please visit us online at [ www.CalEquityResearch.com ] or call 866.928.2600.


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