HYRF für unsere Zocker!

ANALYST SUMMARY
As the covering analyst for over one-year, HYRF is now being resumed with Wasserman Morris. We reiterate the Speculative BUY rating on HYRF, but revise upward our price target to $2.10 following the developments concerning significant revenue potential derived from the recently signed agreement with Essentially Yours Industries, Inc. and China Electronics Import and South China Export Corporation.

The above-mentioned agreement is likely to provide HYRF with roughly $210 million in revenues for the next two years from the sale of water filters and pitchers in the Chinese market. Moreover, the collaboration with Essentially Yours Industries, Inc. could also bring HYRF up to $7.5 million in revenues from the sale of water filters, pitchers and FATS units in the U.S. and Canada markets during the next twelve months.

In addition, HYRF is actively involved in the restoration of basic sanitary living conditions in the hurricane-ravaged regions of Mississippi, Alabama and Louisiana. We expect HYRF’s management to secure a portion of the $100 billion that are being made available for disaster relief, potentially expanding its revenue-generating base.

In order to sustain such impressive achievements, HYRF has shifted the water filters and pitchers production to China to obtain significant savings from production and logistics; established two other portfolio companies; enhanced its management team with additional executives, including a former manager from Nalco; and, moved its corporate offices to North Carolina.