Zacks.com announces that Ian Wyatt highlights the following stocks: IntraLase and Amerigo Resources
March 07, 2007 at 07:11 AM EST
Ian Wyatt, editor of the Growth Report newsletter, highlights a company that has enjoyed stellar growth and is poised for exceptional growth in the coming year. Read about IntraLase (Nasdaq: ILSE) and Amerigo Resources (NYSE: ARG). Click here for the full story exclusively on Zacks.com: http://at.zacks.com/?id=84
Highlights from the March 2 Featured Expert column by Ian Wyatt include:
IntraLase (Nasdaq: ILSE), a leading laser eye surgery technology company, announced February 28 that it came to an agreement with Escalon Medical Corp, settling all disputes and litigation between the companies.
The press release noted the following: "Under the settlement agreement, IntraLase will make a lump sum payment to Escalon of $9.6 million, in exchange for which all pending litigation between the parties will be dismissed, the parties will exchange general releases, full ownership of all patents and intellectual property formerly licensed to IntraLase from Escalon will be obtained by IntraLase, and all obligations under the parties' license agreement will terminate. In addition, the payment from IntraLase satisfies all outstanding past, current and future royalties owed or alleged to be owed by IntraLase to Escalon."
We continue to like IntraLase and maintain our Buy rating and target price of $25.00.
Elsewhere, Amerigo Resources (NYSE: ARG), a Canadian copper and molybdenum producer with operations in Chile, announced February 26 that its board has declared a semi-annual dividend of CAD 6.5 cents per share, payable on April 4, 2007, to shareholders of record on March 27, 2007.
Read Ian Wyatt’s complete commentary on the stock above and discover more stocks by clicking: http://at.zacks.com/?id=85
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