May 28 - General Automotive Company Rated 'Speculative Buy,' Target Price $1.63 by Beacon Equity Research
General Automotive Company (OTCBB: GNAU) has been rated Speculative Buy with a price target of $1.63 by Beacon Equity Research Analyst, Victor Sula, Ph.D.
In the report, the analyst writes, "Acquisitions are a key element of GNAU's strategy. The Company seeks to identify well-managed, niche-oriented companies with strong national or international distribution and supply chains that manufacture high-value-added automotive components. According to management, GNAU has already identified several acquisition targets with annual sales in a $20 million to $50 million range. Assuming some or all of these acquisitions close, GNAU will likely achieve its goal of $100 million in sales by 2010."
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