Most of the national cable and phone companies are exploring home security as an additional option for its triple play customer base. Those efforts remain in the trial phase. But substantial growth could result if those distribution channels develop. Our estimates remain muted for the moment due to the economy and the uncertainty associated with the next generation line. Once that technology builds momentum substantial stock price gains could develop. In 2-3 years income could reach $1.00 a share. Applying a P/E multiple of 15x suggests a target price of $15 a share, potential appreciation of 400% from the current quote.
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