Xcel Associates Inc. has rated the common shares of OrderPro Logistics as a strong speculative buy, based on preliminary investment research.
The Hazlet, NJ-based investment group said OrderPro is a development-stage company that has devised a business plan that has vast potential.
Xcel director of research William N. Walling Jr. said the logistics company seeks to provide licensed freight brokerage and related on-site logistics management services to shippers, both using OrderPro, its proprietary, web-based software application, and intends to launch a strategy of acquiring small trucking companies.
However, Walling warned that OrderPro shares are strictly speculative and therefore suitable only in risk-oriented portfolios for a number of reasons. These include OrderPro's still development-stage, deficit working capital, extraordinarily volatile share price and limited trading volume.