WebSafety, Inc. (WBSI - OTC:BB) - Coverage Initiation Report by Harbinger Research




Thoughts From The Frontline Podcast by John Mauldin show

Summary: WebSafety seems to be in the right place at the right time. They have an innovative software solution to a very real set of problems, namely distracted driver accidents and online abuse of and predation on children. Furthermore, the public is in the initial phases of becoming aware of these risks and the need to combat them, which should greatly assist the Company in gaining broad market traction. Like any small, young company, WebSafety has its challenges, and we do not expect its path to the status of a market leader to be a cakewalk. However, we see such large potential in the Company’s business plan, product offering, and initial online sales/marketing success that despite the risks we nevertheless view an investment in WebSafety very positively. While we are not setting a price target or revenue/earnings estimates at this time, we do recommend purchase of WBSI shares for risk-tolerant investors who are seeking a large potential future return.