Intellivest Securities, Inc. provides investment banking services to small cap and private companies including private placements of securities to accredited investors pursuant to Regulation D and in PIPES (private investments in public entities).
Intellivest Securities, Inc. is a distributor of its own research and third-party research authored by its affiliate, Intellivest Securities Research, Inc., a state licensed registered investment advisor.
Intellivest Securities Research, Inc. engages in fundamental research analysis primarily using its proprietary valuation model, Risk Factor Analysis Model, which focuses on an issuer's and its industry's SEC, publicly disclosed risk factors and assigns a value to each risk factor in order to reach a valuation. Intellivest Securities Research, Inc. ratings are based on these values.
Outperform: Our proprietary valuation
model, Risk Factor Analysis Model, in addition to the opinion of our
analysts determine the value of the stock should outperform the projected
returns of the benchmark index in the coming year on a risk-adjusted
basis. The most common benchmark used in our analysis is the Russell 2000
small cap index. Our research concludes the stock is under priced.
Neutral: Our valuation model and
analysis suggest that this stock will achieve risk-adjusted results
similar to that of the benchmark index. Our research concludes the stock
is fairly priced at current levels.
Underperform: Our valuation model and
analysis suggest that this stock will achieve risk-adjusted results below
that of the benchmark index. Our research concludes the stock is
Speculative Buy: While our valuation
model and analysis suggest the stock should outperform the benchmark index
on a risk-adjusted basis in the future, there is too much uncertainty
regarding the assumptions we make in our analysis. This rating suggests
the stock has the potential for significant gains in the future, but may
have considerable financial risks in the immediate term.