Feb 20th 2012 - Edison Investment Research today published a report on XP Power (XPP.L, LSE:XPP, LON:XPP) entitled "Strategy On Track". In summary, the report says:
XP reported FY11 results in line with its recent trading update. Weaker Q4 bookings drive a small revenue decline in FY12 but we forecast a return to growth in FY13 as the global economy recovers. The company continues to deliver on its strategy of growing its in-house design and manufacturing and this will continue to drive margins over the forecast period. With much of the weaker trading environment factored into the share price, we view the stock as undervalued versus peers.
Edison, the investment intelligence firm, is the future of investor interaction with corporates. Our team of over 100 analysts and investment professionals work with leading companies, fund managers and investment banks worldwide to support their capital markets activity. We provide services to more than 400 retained corporate and investor clients from our offices in London, New York, Frankfurt, Sydney and Wellington. Edison is authorised and regulated by the Financial Conduct Authority (www.fsa.gov.uk/register/firmBasicDetails.do?sid=181584). more »