ORLANDO, Fla., Feb. 22, 2008 (PRIME NEWSWIRE) -- RedChip Independent, a division of RedChip Companies Inc., today announced that it has issued a third quarter 2007 research update for Greenfield Online Inc. (Nasdaq:SRVY).
Richa Kalia, MA, RedChip Research Analyst, wrote in the report:
"Greenfield Online has been continuously stretching its arms in the Asia-Pacific markets and has strong momentum as a leading innovator in the online research industry. SRVY's Ciao shopping segment reported sturdy revenue and profit growth in the third quarter, and is now exploring entrance into the United States, the biggest market with high growth potential for its services. In November 2007, the Company declared its plans to integrate its global Internet survey business which will increase operational efficiency. The integration of the Universal Panel System technology platform will enable SRVY to operate its European, North American, and Asian Internet businesses as one global organization. The stock is currently trading at a premium to the industry average. Based on our financial model, we recommend a 'Hold' rating."
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Disclosure:
The views expressed in this report (which include the actual rating assigned to the company as well as the analytical substance and tone of the report) accurately reflect the personal views of the analyst(s) covering the subject securities. No part of the analyst's compensation was, is, or will be directly or indirectly related to the specific recommendations or views contained in this research report. The analyst(s) contributing to this report do not hold any share of the subject securities. Additional information on the securities mentioned in this report is available upon request. This report is based on data obtained from sources we believe to be reliable but is not guaranteed as to accuracy and does not purport to be complete. As such, neither the information nor any opinion expressed constitutes an offer, or an invitation to make or garner an offer, to buy or sell any securities or any options, futures or other derivatives related to such securities ("related investments"). This publication was furnished on the condition that it will not form a primary basis for any investment decision. Each investor must make their own determination of the appropriateness of an investment in any securities referred to herein based on the legal, tax, and accounting considerations applicable to such investor and their own investment strategy. Any opinions expressed herein are subject to change. The subject security is not a client of RedChip Companies, Inc., or any of its affiliates.