Archive for January 7th, 2008
Versant Partners Initiates Coverage of Discovery Air
7 January 2008Versant Partners released a report on Discovery Air (DA.A:TSX) today.
Discovery acquired Wellington Financial Fund II portfolio company Top Aces in 2007.
“Current price: $1.28
One-year target: $2.00
Target return: 56%
Investment Thesis
We are initiating coverage of Discovery Air with a BUY recommendation and a one-year target price
of $2.00 per share. We believe that the company’s component subsidiaries [...]