SeeThruEquity Issues Company Note on India Globalization Capital, Inc. Acquisition and Diversification Strategy
March 17 2014 - 9:00AM
Business Wire
SeeThruEquity, a leading New York City based independent equity
research and corporate access firm focused on smallcap and microcap
public companies, today announced that it has issued a note on
India Globalization Capital, Inc. (NYSE-MKT:IGC), a diversified
investment company with existing assets in mining in India and
China. The note is focused on the company’s recent update on its
acquisition and diversification strategy with a focus on
capitalizing on specific niches within these areas such as solar
energy, medical marijuana and cleantech.
“We feel that while there certainly is an initial ‘euphoria’ in
the medicinal marijuana space, given the tremendous growth
opportunity, eventually the companies with strong operating plans
will separate themselves and command premium valuations. If IGC
were to make a handful of strategic acquisitions in the medicinal
marijuana space, we would expect to see the stock trading at a
significantly higher valuation than current levels,” stated Ajay
Tandon, CEO of SeeThruEquity.
The note is available to SeeThruEquity Select Members on
SeeThruEquity's website and can be directly accessed here: IGC
Company Note. SeeThruEquity is an approved equity research
contributor on Thomson First Call, CapitalIQ, FactSet, and Zack’s.
The note will also be available on these platforms.
Please review important disclosures on our website at
www.seethruequity.com.
About SeeThruEquity
SeeThruEquity is an equity research and corporate access firm
focused on companies with less than $1 billion in market
capitalization. The research is not paid for and unbiased. We
do not conduct any investment banking or commission based business.
We are approved to contribute our research to Thomson Reuters One
(First Call), CapitalIQ, FactSet, Zacks and distribute our research
to our database of opt-in investors. We also contribute our
estimates to Thomson Estimates, the leading estimates platform on
Wall Street.
For more information visit www.seethruequity.com.
About India Globalization Capital, Inc.
Based in Bethesda, Maryland, India Globalization Capital, Inc.
is engaged in the mining, trading and leasing industries in the
U.S., China and India. The Company's plan in the short term is to
create cash flow from existing assets and in the medium term to
expand its asset base through opportunistic acquisitions. For more
information about IGC, please visit IGC's website at
www.indiaglobalcap.com.
SeeThruEquityAjay Tandon, 646-495-0939