Contact Information: Contact: Richard Oh Taglich Brothers, Inc. 631-757-1500
Taglich Brothers Initiates Coverage of Baldwin Technology Company, Inc.
| Source: Baldwin Technology Company, Inc.
NEW YORK, NY--(Marketwire - April 28, 2009) - Taglich Brothers, Inc. announces
it initiated coverage of Baldwin Technology Company, Inc. (NYSE : BLD ).
Baldwin Technology Company, Inc. (NYSE : BLD ),
headquartered in Shelton, CT, supplies the printing and publishing industry
-- OEMs as well as printers and publishers -- with process automation
equipment aimed at enhancing cost effectiveness, product quality and
productivity. With almost 80% of its revenue generated overseas, the
company maintains substantial facilities in Germany, Sweden, India, Japan
and China.
Baldwin's principal product lines consist of cleaning systems, fluid
management and other process automation equipment. During the past five
years, sales of cleaning systems have accounted for roughly half of revenue
and have grown at roughly 10% a year, as have sales of fluid management
systems, which have accounted for around 20% of revenue during the period.
Sales of other process automation equipment -- web severers and web
catchers, ink control systems, ultraviolet and infrared dryers, gluing
systems, and service and parts -- have outperformed the other product
lines, growing an average of 17% annually during this five-year period.
Other process automation equipment now accounts for almost a third of
revenue.
Baldwin's largest market is Western Europe, within which Germany and Sweden
generated 32% and 11%, respectively, of total FY2008 revenue. While the US
accounted for only 21% of FY2008 revenue, US sales have gained sharply
during the past three years. By contrast, growth in Japan, which accounted
for more than a third of revenue several years earlier, has weakened during
the past five years.
The complete 19-page report is available at www.taglichbrothers.com.
Taglich Brothers, Inc. is a
full-service broker dealer focused exclusively on microcap companies. The
Company defines the microcap segment of the equity market as companies with
less than $250 million in market capitalization. Taglich Brothers currently
offers institutional and retail brokerage services, investment banking and
comprehensive research coverage to the investment community.
We do not undertake to advise you as to changes in figures or our views.
This is not a solicitation of any order to buy or sell. Taglich Brothers,
Inc. is fully disclosed with its clearing firm, Pershing, LLC, is not a
market maker and does not sell to or buy from customers on a principal
basis. The above statement is the opinion of Taglich Brothers, Inc. and is
not a guarantee that the target price for the stock will be met or that
predicted business results for the company will occur. There may be
instances when fundamental, technical and quantitative opinions contained
in this report are not in concert. We, our affiliates, any officer,
director or stockholder or any member of their families may from time to
time purchase or sell any of the above-mentioned or related securities.
Analysts and members of the Research Department are prohibited from buying
or selling securities issued by the companies that Taglich Brothers, Inc.
has a research relationship with, except if ownership of such securities
was prior to the start of such relationship, then an Analyst or member of
the Research Department may sell such securities after obtaining expressed
written permission from the Director of Research. As of the date of this
report no Taglich Brothers, Inc. employees had a position in the stock of
the Company mentioned in this report: All research issued by Taglich
Brothers, Inc. is based on public information. Under an agreement dated
March, 2009, the company will pay a monetary fee of US$1,500 per month for
the creation and dissemination of research reports. The first payment will
be payable upon issuance of the initial research report.
For further information and Taglich Brothers, Inc. ownership data please
refer to each individual report.