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http://www.businessweek.com/stories/2001-03-28/dain-rauscher-keeping-buy-on-focal

Markets & Finance

Dain Rauscher: Keeping 'Buy' on Focal


Dain Rauscher reiterated its buy on Focal Communications (FCOM).

Focal is in a multi-year interconnection deal with BellSouth. Analyst Jonathan Atkin says he recently met with Focal management, and visited one of its West Coast markets to gain a better sense of its local sales and operating practices. He believes business trends are strong, and the company's year-to-date financial and operating progress are on target. Atkins notes his conviction is bolstered by mostly positive channel checks.

The analyst estimates the company's 2001 loss at $2.16 per share and a has a $1.57 per share 2002 loss forecast. He has a $31 target.


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