The Crazy Life of Business Development and Investor Relations – Part II

Posted by | July 2, 2010

Back in February, I wrote a blog post summarizing my observations “from the road,” where we met with brokers, analysts and portfolio managers and shared with them the Safeguard Scientifics story. I have received many requests to make this an ongoing feature, so here is the second installment of “The Crazy Life of Business Development and Investor Relations.”

Our calendars remain busy as we continue to meet with a diversified group of institutional and retail investors across the United States, and despite the lock-down of European air travel due to volcanic ash, we even made it to London to meet investors at the Rodman & Renshaw Conference.

While the recent spate of earthquakes, volcanic eruptions, tornadoes and oil spills has created an unusually turbulent environment, the stock market has been matching Mother Nature stride for stride, reaching 52-week highs back in March, only to subsequently stumble to its worst quarterly performance in over a year.

No company or investor is immune from the stock market’s global forces. However, if you have had the pleasure of hearing Peter present Safeguard’s value proposition, you know that Safeguard is not distracted by short-term issues, such as market volatility. Instead, our strategy is to create and build value for our shareholders over the long-term.

In fact, I am happy to report that despite the market’s gyrations, Sidoti & Company initiated research coverage on Safeguard (NYSE: SFE) with a “BUY” rating on June 16, 2010.

So, our Publishing Analysts now include:

  • Boenning & Scattergood, William Sutherland, 610-862-5353 — Market Outperform Rating; $18/share Target Price.
  • CJS Securities, Robert Labick, 914-287-7600 — Market Outperform Rating; $16/share Target Price
  • MDB Capital Group, Jon R. Hickman, 310-526-5024 — NAV estimate at roughly $610 million or $30/share
  • Sidoti & Company, Nick Halen, 212-894-3308 — Buy Rating
  • Stifel Nicolaus, Troy Ward 314-342-2714 and Greg Mason, 314-342-2194 — Buy Rating; $17/share Target Price

Although summer is upon us, unlike the song, there won’t be many “hazy, lazy days” for Safeguard’s Business Development and Investor Relations team. We remain steadfast in our mission to build value in our partner companies and for our shareholders.

Our schedule is still full of meetings with current and prospective retail and institutional investors over the next few months. If you’d like to meet with us at any one of the following conferences scheduled to take place this summer/fall, please let me know:

  • August 17: CJS Securities Summer Conference
  • September 13-15: Rodman & Renshaw Annual Global Investment Conference
  • October 20-22: World MoneyShow Toronto
  • November 8-9: TechAmerica’s 40th Annual “AeA Classic” Financial Conference

In the meantime, stay tuned for the next installment of this series.

That’s it for now. Have a wonderful holiday weekend celebrating our nation’s Independence.

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