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Northern Securities Coverage
Nov 29, 2008 05:15PM
Jim Powell, an analyst with Northern Securities, issued a 12 month share price target of $0.55 / share in a Nov. 6 report covering Phonetime Inc. The report essentially summarized the company's performance to date. The $0.55 share price target "...is based on a 4.0X p / EBITDA multiple times our EBITDA per share forecast of $0.14 for the 12 months ended Dec. 31, 2010."