Auriga Maintains Buy on Intervac

Auriga is out with its report today on Intervac IVAC, maintaining Buy. In its report, Auriga writes, "While 2011 is clearly going to be a rough year for the core HDD equipment business, we believe it will throw off decent cash flow over time. Meanwhile, potentially large long term growth opportunities in both Photonics and Solar continue to be misunderstood and unappreciated. A sum-of-parts value of $21 and DCF value of $18 suggest there is good upside potential here for either value or growth investors willing to ride out a tough 2011." At the time of posting, shares of IVAC were trading at $9.86, down 0.40% from Monday's close.