$SURG News! Goldman Small Cap Research Issues Rese
Post# of 42377
BALTIMORE, MD / ACCESSWIRE / August 8, 2018 / Goldman Small Cap Research, a stock market research firm specializing in the small cap and microcap sectors, announced today that it has released a new research report on Surge Holdings, Inc. (SURG). Surge Holdings serves the overlooked, unbanked and underbanked through key business verticals and offerings including telecom service and payment services via its Blockchain/Fintech Software Platform. The report carries a rating and a price target. To view the new research report, along with disclosures and disclaimers, or to download them in their entirety, please visit http://www.goldmanresearch.com/201808071207/O...vider.html.
In addition to the consumer market, Surge is targeting the multi-billion-dollar industry represented by 300,000+ corner store/bodega, convenience store, wireless dealer market with prepaid wireless, bill payment and related services to underserved and underbanked customers. Surge is building a merchant network of independent stores catering to underserved consumers by providing them an all-in-one Blockchain-supported PoS and payment processing software application platform (SaaS model) whereby they offer telecom and fintech payment offerings to low income customers.
In the Opportunity Research report, analyst Rob Goldman discusses the Company's compelling positioning, exciting opportunities, and innovative approach.
Goldman noted, "Marrying a history of success in the space by its CEO with unique, compelling offerings, Surge is primed to emerge as a leader in serving the value minded, underserved, unbanked and underbanked consumers. Surge is targeting the financial technology services and prepaid/no-contract wireless services segment--both multi-billion-dollar opportunities."
"Based on industry estimates, the market is huge. Currently, 77M customers utilize prepaid wireless services, growing to 93M+ and hundreds of thousands of business are prime targets as Surge merchant and ISO network members. Surge's innovative integrated approach has already resulted in a tremendous deal that if fully deployed, could be worth as much as $100M in annual revenue alone. This compares with the current $31M market cap. Clearly, the Company's Blockchain Fintech platform will attract similar arrangements with the purpose of delivering countless products to corner markets," noted Goldman.
"Our preliminary estimates could prove to be conservative as the timing and order of magnitude of business could result in exponential, sequential top-line growth. At present, we forecast substantial top-line growth and operating profitability," Goldman replied. "Furthermore, in our view, the stock reflects legacy business only and a near-term bottom while even a muted forecast should generate major upside for savvy investors."
About Goldman Small Cap Research:
Founded in 2009 by former Piper Jaffray analyst and mutual fund manager Rob Goldman, Goldman Small Cap Research produces sponsored and non-sponsored small cap and microcap stock research reports, articles, stock market blogs, and popular investment newsletters.
Goldman Small Cap Research is not in any way affiliated with Goldman Sachs & Co.
This press release contains excerpts of our most recently published sponsored company research report on Surge Holdings, Inc. which carries a rating and a price target. The information used and statements of fact made have been obtained from sources considered reliable but we neither guarantee nor represent the completeness or accuracy. Goldman Small Cap Research relied solely upon information derived from Surge Holdings, Inc. ("the Company" authorized press releases or legal disclosures made in its filings with the U.S. Securities and Exchange Commission http://www.sec.gov.
Separate from the factual content of our report about the Company, we may from time to time include our own opinions about the Company, its business, markets and opportunities. Any opinions we may offer about the Company are solely our own, and are made in reliance upon our rights under the First Amendment to the U.S. Constitution, and are provided solely for the general opinionated discussion of our readers. Our opinions should not be considered to be complete, precise, accurate, or current investment advice. Statements herein may contain forward-looking statements and are subject to significant risks and uncertainties affecting results.
A Goldman Small Cap Research report, update, newsletter, article, trading alert, corporate profile, or press release is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed is to be used for informational purposes only. Please read all associated full disclosures, disclaimers, and analyst background on our website before investing. Neither Goldman Small Cap Research nor its parent is a registered investment adviser or broker-dealer with FINRA or any other regulatory agency. To download this research report or any of our research, view our disclosures and disclaimers, or for more information, visit www.goldmanresearch.com. Goldman Small Cap Research was compensated $3000 by the Company for research and distribution services, including the production of this press release.
About Surge Holdings, Inc.: Surge Holdings, Inc. (SURG) is a publicly traded company that wholly owns subsidiaries that utilize emerging technology to improve the quality of life for the unbanked, under-banked, and the overlooked. Current holdings include Telecommunications, Blockchain Fintech Software as a Service (SaaS), Cryptocurrency Asset Mining and Social Media Digital Marketing.
For more information, please visit: www.SurgeHoldings.com
Goldman Small Cap Research
Rob Goldman, Analyst
410-609-7100
rob@goldmanresearch.com
SOURCE: Goldman Small Cap Research
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