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Posted by Malloy on :
 
...not on the wire yet


NAVY

Force Protection Industries, Inc., Ladson, S.C., is being awarded a $50,862,810 firm-fixed-price, indefinite-delivery/indefinite-quantity contract with a maximum ordering quantity of 79 Joint Explosive Ordnance Disposal Rapid Response Vehicles (JERRV) and associated manuals, spares, field support, and training. Work will be performed in Ladson, S.C. (60 percent) and Charlotte, Mich. (40 percent), and work is expected to be completed by May 2007. Contract funds will not expire by the end of the current fiscal year. This contract is a sole source award to Force Protection Industries, Inc. as they are the sole manufacturer of the JERRV. The Marine Corps Systems Command, Quantico, Va., is the contracting activity (M67854-06-D-5042).

http://www.defenselink.mil/contracts/2006/ct20060502-12939.html
 
Posted by Malloy on :
 
52w high 2.30...now printing 2.23...and the news is not out yet :-)
 
Posted by BuyTex on :
 
had news May 1, also:

http://biz.yahoo.com/bw/060501/20060501005665.html?.v=1
 
Posted by Jo4321 on :
 
Dipped down a bit, but the news hasn't hit the wire. I got in at $2.17.

Jo
 
Posted by Malloy on :
 
2.17 seems to be intraday support level...nice entry IMO

Bouncing now
 
Posted by Repoman75 on :
 
Would have been nice to buy this in Jan. below $1.

What's the share structure?
 
Posted by Malloy on :
 
Outstanding Shares: 36,114,217
Source: MGFS ( 12/31/2005 )
 
Posted by Repoman75 on :
 
Moving up. Nice one Malloy.
 
Posted by matto on :
 
yea nice one
 
Posted by Repoman75 on :
 
What's the price target on this?
 
Posted by Malloy on :
 
Breaking 52 week high...uncharted territory now...and the news is not out yet
 
Posted by kywee on :
 
why wouldnt they have released a PR if the news was on the site yesterday?
 
Posted by Malloy on :
 
and here's the PR lololol


Force Protection, Inc. Receives $50 Million Contract for Cougar Armored Vehicles
Business Editors / Defense Writers

LADSON, S.C.--(BUSINESS WIRE)--May 3, 2006-- The U.S. Department of Defense has awarded armored vehicle manufacturer Force Protection, Inc. (OTCBB:FRPT) a contract for 79 Cougar Joint Explosive Ordnance Disposal Rapid Response Vehicles (JERRV), field support, training and spare parts materials. The contract is worth approximately $50 million.

"We see the devastating effects of IEDs on our armed forces daily," said Force Protection CEO Gordon McGilton. "We are extremely pleased with this new order, which signals that our vehicles are looked to by military and government leaders as a proven solution that continues to save lives in the face of this insidious threat."

The contract is funded by the Joint Improvised Explosive Device Defeat Organization, and will include management and logistics support provided by Force Protection.

"These vehicles are critically needed," said McGilton. "Led by Senator Lindsey Graham, who has been a strong advocate of new technology and better equipment to protect our men and women in combat, the Congressional support for more of our vehicles is growing rapidly. We look forward to seeing greater numbers shipped to the fight in the future."

More than 64 percent of U.S. combat deaths in Iraq are attributed to IEDs. The cutting-edge technology of the Force Protection vehicles includes a V-shaped hull design that deflects the force of these blasts away from passengers inside the armored hull, and incorporates off-the-shelf American automotive components including truck chassis built by Spartan Motors, Inc. in Charlotte, Michigan. To date, no fatalities have been reported in any Force Protection vehicle.

About Force Protection

Force Protection, Inc. manufactures ballistic- and mine-protected vehicles through its wholly owned subsidiary. These specialty vehicles are protected against landmines, hostile fire, and Improvised Explosive Devices (IEDs, commonly referred to as roadside bombs). Force Protection's mine and ballistic protection technology is among the most advanced in the world. The vehicles are manufactured outside Charleston, S.C.

For more information on Force Protection and its vehicles, go to http://www.forceprotection.net.

This release contains forward-looking statements, including, without limitation, statements concerning our business, future plans and objectives and the performance of our products. These forward-looking statements involve certain risks and uncertainties ultimately may not prove to be accurate. Actual results and future events could differ materially from those anticipated in such statements. Technical complications may arise that could prevent the prompt implementation of the strategic plan outlined above. The company cautions that these forward looking statements are further qualified by other factors including, but not limited to, those set forth in the company's Form 10-KSB filing and other filings with the United States Securities and Exchange Commission (available at http://www.sec.gov). The company undertakes no obligation to publicly update or revise any statements in this release, whether as a result of new information, future events or otherwise, except as required by law.

KEYWORD: NORTH AMERICA DISTRICT OF COLUMBIA SOUTH CAROLINA UNITED STATES INDUSTRY KEYWORD: GOVERNMENT DEFENSE GOVERNMENT AGENCIES MANUFACTURING CONTRACT/AGREEMENT SOURCE: Force Protection, Inc.

CONTACT INFORMATION: Policy Impact Strategic Communications Jeff Child, 202-737-5339 (Media Contact) jchild*policyimpact.com or Force Protection, Inc. Investor Relations, 843-740-7015, Ext. 306 investorrelations*forceprotectioninc.com
 
Posted by Malloy on :
 
2.40$ now :-)
 
Posted by Jo4321 on :
 
Away we go! Thanks for the heads up on this one Malloy.

Jo
 
Posted by BuyTex on :
 
nice find--congrats
 
Posted by Malloy on :
 
gappers are loading now...could see some nice action in last mins.
 
Posted by Malloy on :
 
Breakout...going at 2.45 now
 
Posted by Malloy on :
 
Spartan Chassis Expects Additional Military Orders for the Cougar Armored Vehicle


CHARLOTTE, Mich., May 4 /PRNewswire-FirstCall/ -- Spartan Chassis, Inc., a subsidiary of Spartan Motors, Inc. (Nasdaq: SPAR), reported today it expects a subcontract order from Force Protection, Inc. to supply chassis for an additional 79 Cougar Joint Explosive Ordnance Disposal Rapid Response Vehicles (JERRV).

On May 2, 2006, the U.S. Department of Defense announced it was offering the prime procurement contract to Force Protection for the additional Cougar vehicles, which will be used by the U.S. Marine Corps.

"We have heard numerous reports of the Cougar saving lives in the ongoing war in Iraq, and there hasn't been a single fatality to date within a Cougar, despite numerous mine and IED denotations and enemy engagements," said Richard Schalter, president of Spartan Chassis.

"The speed in which Spartan Chassis was able to move from conceptual design to production during our first batch of orders allowed Force Protection to get these vehicles into battle. We are focused on accelerating production to complete our existing orders so we can help the Marines deploy these new units."

The Cougar is a medium-sized, blast-protected vehicle produced in both four- and six-wheel configurations. The vehicle's V-shaped hull is designed to deflect the force of explosions away from passengers inside the armored hull. It can be customized for multiple tasks including urban patrol, route clearance support, troop transport, mine and explosive ordnance disposal, command and control, reconnaissance and as a lead convoy vehicle.

In May 2005, Spartan was awarded its first subcontract order from Force Protection for 120 Cougars. The Cougar is currently deployed by the U.S. Army and U.S. Marine Corps in places such as Iraq.

"We are pleased with the opportunity to continue our work on the Cougar and showcase our specialty vehicle expertise," Schalter said. "The additional revenue from this expected order will have a positive impact on our results in the second half of 2006 and into early 2007, and we are committing our plant resources to ensure we can meet the military's timeframe."

About Spartan Chassis, Inc.:

Spartan Chassis, Inc. (http://www.spartanchassis.com ) is a subsidiary of Spartan Motors, Inc. and is a leading developer and manufacturer of custom chassis for recreational vehicles and fire trucks. The company has a reputation for high quality, value, service and being the first to market with innovative products. Spartan Motors is publicly traded in the NASDAQ Stock Market under the ticker symbol SPAR.

About Force Protection, Inc.:

Headquartered near Charleston, South Carolina, Force Protection, Inc. (OTC Bulletin Board: FRPT) manufactures ballistic and mine protected vehicles through its subsidiary. These specialty vehicles are designed to offer significant protection against landmines, hostile fire and IEDs. For more information about Force Protection, visit http://www.forceprotectioninc.com .

This release contains forward-looking statements, including, without limitation, statements concerning our business, future plans and objectives and the performance of our products. These forward-looking statements involve certain risks and uncertainties that ultimately may not prove to be accurate. Actual results and future events could differ materially from those anticipated in such statements. Technical complications may arise that could prevent the prompt implementation of the plans outlined above. The company cautions that these forward-looking statements are further qualified by other factors including, but not limited to, those set forth in the company's Form 10-KSB filing and other filings with the United States Securities and Exchange Commission (available at http://www.sec.gov). Government contracts and subcontracts typically involve long payment and purchase cycles, competitive bidding, qualification requirements, delays or changes in funding, extensive specification development and changes, price negotiations and milestone requirements. An announced award of a governmental contract is not equivalent to a finalized executed contract and does not assure that orders will be issued and filled. Government agencies also often retain some portion of fees payable upon completion of a project and collection of contract fees may be delayed for long periods, which can negatively impact both prime contractors and subcontractors. The company undertakes no obligation to publicly update or revise any statements in this release, whether as a result of new information, future events or otherwise, except as required by law.

SOURCE Spartan Chassis, Inc.

Contact Information: Ryan McGrath or Jeff Lambert of Lambert, Edwards & Associates, Inc., +1-616-233-0500

WebSite: http://www.forceprotectioninc.com
 
Posted by Malloy on :
 
watch it here...breaking hod and should be looking at hoy pretty soon
 
Posted by Malloy on :
 
just broke 52w high...now at 2.68
 
Posted by Jo4321 on :
 
It's fun being in unchartered territory.

I like the looks of this company's website. I like what they make and I think the contract will push the shares up for a while.

Heavy equipment stock sector has been pretty good lately. I've made some money in JLG and that one is set to report 3rd quarter earnings the end of this month. Since the stock split, that stock has become more affordable and right now it is in a dip.

Jo
 
Posted by Malloy on :
 
broke again...now 2.70
 
Posted by Malloy on :
 
...and here,s another break...going to new highs
 
Posted by Jo4321 on :
 
bellwetherreport.com: The Bellwether Report takes the time to inform investors with information on Force Protection, Inc
12:51 p.m. 05/04/2006 Provided by


May 04, 2006 (M2 PRESSWIRE via COMTEX) -- Force Protection, Inc (FRPT), is a company that our research team will be tracking over the ensuing weeks. They recently came out with a significant corporate development, causing a market stir. The BWR Research Team will continue to bring its subscribers cutting edge research tools, and second to none customer service.

Force Protection, Inc, manufacturer of ballistic- and mine-protected vehicles through its wholly owned subsidiary designing vehicles which are protected against landmines, hostile fire, and Improvised Explosive Devices, recently announced that The U.S. Department of Defense has awarded a contract for 79 Cougar Joint Explosive Ordnance Disposal Rapid Response Vehicles, field support, training and spare parts materials. The contract is worth approximately $50 million.

"We see the devastating effects of IEDs on our armed forces daily," said Force Protection CEO Gordon McGilton. "We are extremely pleased with this new order, which signals that our vehicles are looked to by military and government leaders as a proven solution that continues to save lives in the face of this insidious threat."

The contract is funded by the Joint Improvised Explosive Device Defeat Organization, and will include management and logistics support provided by Force Protection.

"These vehicles are critically needed," said McGilton. "Led by Senator Lindsey Graham, who has been a strong advocate of new technology and better equipment to protect our men and women in combat, the Congressional support for more of our vehicles is growing rapidly. We look forward to seeing greater numbers shipped to the fight in the future."

More than 64 percent of U.S. combat deaths in Iraq are attributed to IEDs. The cutting-edge technology of the Force Protection vehicles includes a V-shaped hull design that deflects the force of these blasts away from passengers inside the armored hull, and incorporates off-the-shelf American automotive components including truck chassis built by Spartan Motors, Inc. in Charlotte, Michigan. To date, no fatalities have been reported in any Force Protection vehicle.

Following this announcement Force Protection, Inc traded from below $2.00 a share to as high as $2.63 a share as investors were very pleased with the signing of this contract. Currently trading at $2.41 I feel this is only the beginning, as more and more investors here about this company's wonderful technologies things should definatley grow. Now that the U.S. Department of Defense is aware of Force Protection I feel their could be many more contracts signed this year as 2006 looks like Force Protections year. The BWR Research Team will continue to follow the market sentiment on this company and numerous others.

To review research on small cap companies like Force Protection, Inc, as well as many more exciting articles we encourage you to visit www.bellwetherreport.com . You can find these reports under the "Today's Articles" section. No credit Card Needed!!

The Bellwether Report will continue to research all of the markets to bring you exciting opportunities!! If you are interested in receiving more information on these small or large cap opportunities as well as other features of our site, feel free to sign up for a
 
Posted by Malloy on :
 
2.90...3$ coming up!
 
Posted by Jo4321 on :
 
Wow, this is great..new high of $3.24.

I was going to hold this long, but now am tempted to sell it with over 40% profit.

Where do you see this going?

Jo
 
Posted by Repoman75 on :
 
Malloy, what's your thoughts here at $3.. good buy in price? Or will it dip lower?

Also, what's your price target in 3 - 4 months?
 
Posted by Malloy on :
 
Thank you for asking but in not a mid term holder.

What I see though is that those contracts won't be done in a day and the business for what they do is booming right now.

Now, if they keep their float low and eventually move to small cap Nas, that could be a very good investment.

It will stay on my watch list for awhile and every now and then I will flip it for a day or two depending on volume, momo and news.

GL

quote:
Originally posted by Repoman75:
Malloy, what's your thoughts here at $3.. good buy in price? Or will it dip lower?

Also, what's your price target in 3 - 4 months?


 
Posted by daytrader1 on :
 
I have this since 2.19.. today it steadily went to 3.22, and dropped little, probably some profit taking. thats more than 60% increase. I would consider this as mid term investment, like 1-2 months till thier financials released. I am sure financials should see atleast 400% increase since past quarter, purely based on no. of vehicles they have delivered. There is no way this company will flat down that quickly in short term. so by end of may, I am sure I will have 100% gainer .. great alert Malloy, and yes anothe rbest thing is I think this is the only stock that makes me feel good that I am contributing to our men and women in uniform. wish it dips down to 2.19..can add more of the profits of NDOL here.. [Big Grin] [Big Grin]
 
Posted by Malloy on :
 
Force Protection, Inc. Joins Capitol Hill Discussion on Future of the Defense Industry
Business Editors / Defense Writers

WASHINGTON--(BUSINESS WIRE)--May 10, 2006-- Leading armored vehicle manufacturer Force Protection, Inc. (OTCBB:FRPT) participated Tuesday (5/9) in a roundtable discussion on Capitol Hill hosted by Senators Hillary Rodham Clinton (D-NY) and Lindsey Graham (R-SC). Senior executives representing several leading defense contractors and associations were present for the session, which focused on the future of the defense industry and its relationship to manufacturing in the United States.

Panelists included representatives from Lockheed Martin, Michelin North America, Inc., the Lexington Institute, the Aerospace Industry Association, the Electronic Industries Alliance, Force Protection, Inc., and the Syracuse Research Corporation. Clinton and Graham co-chair the Senate Manufacturing Caucus, and both serve on the Senate Armed Services Committee.

"Today's roundtable was both important and timely," said Force Protection Vice President and panelist Michael Aldrich. "An efficient relationship between American manufacturers and the federal government is critical to meet both short- and long-term protection needs in Iraq, Afghanistan and around the world. We appreciate the invitation from Senators Graham and Clinton to represent the perspective and position of a rapidly growing small defense manufacturer that is producing proven solutions for our armed forces, and understand how we can get these solutions to our servicemen and women faster through improved relationships in these areas. This particular session was especially helpful since our Cougar and Buffalo vehicles integrate components built by other panelists' companies."

Force Protection's signature series - the Buffalo route clearance and Cougar troop transport vehicles - have been deployed in the war in Iraq since 2003 with no fatalities reported to date. Military engineers and explosive ordnance specialists praise the vehicles for saving their lives in the face of IEDs and other explosive threats. More than 100 Force Protection vehicles have been deployed, with that number expected to double by July 2006.

About Force Protection

Force Protection, Inc. manufactures ballistic- and mine-protected vehicles through its wholly owned subsidiary. These specialty vehicles are protected against landmines, hostile fire, and Improvised Explosive Devices (IEDs, commonly referred to as roadside bombs). Force Protection's mine and ballistic protection technology is among the most advanced in the world. The vehicles are manufactured outside Charleston, S.C.

For more information on Force Protection and its vehicles, go to http://www.forceprotection.net.

This release contains forward-looking statements, including, without limitation, statements concerning our business, future plans and objectives and the performance of our products. These forward-looking statements involve certain risks and uncertainties ultimately may not prove to be accurate. Actual results and future events could differ materially from those anticipated in such statements. Technical complications may arise that could prevent the prompt implementation of the strategic plan outlined above. The company cautions that these forward looking statements are further qualified by other factors including, but not limited to, those set forth in the company's Form 10-KSB filing and other filings with the United States Securities and Exchange Commission (available at http://www.sec.gov). The company undertakes no obligation to publicly update or revise any statements in this release, whether as a result of new information, future events or otherwise, except as required by law.

KEYWORD: NORTH AMERICA DISTRICT OF COLUMBIA UNITED STATES INDUSTRY KEYWORD: GOVERNMENT DEFENSE FEDERAL PRODUCT/SERVICE SOURCE: Force Protection, Inc.

CONTACT INFORMATION: Policy Impact Strategic Communications Jeff Child, 202-737-5339 (Media Contact) jchild*policyimpact.com

or Force Protection, Inc. Investor Relations, 843-740-7015, Ext. 306 investorrelations*forceprotectioninc.com
 
Posted by Repoman75 on :
 
Damn should have bought yesterday!!

My timing stinks! I'm getting in though.. should hit $5 no problem.
 
Posted by Jo4321 on :
 
Great news! I'm excited about this one!

Jo
 
Posted by Malloy on :
 
3.40 :-)
 
Posted by Repoman75 on :
 
I'm thinking $5 easy on this by end of summer.
 
Posted by Jo4321 on :
 
Reuters upgrades NGAS RESOURCES, INC. from NEUTRAL to OUTPERFORM.
05:00 a.m. 05/08/2006 Provided By Investars


On May 8, 2006 Reuters upgraded NGAS RESOURCES, INC. from NEUTRAL to OUTPERFORM.
 
Posted by Repoman75 on :
 
What does that have to do with FPRT?
 
Posted by Jo4321 on :
 
Sorry, I put that in the wrong thread!

Jo
 
Posted by Repoman75 on :
 
Read this... if they get the Iraqi Army contract, holy sheet... can you say $20 stock?

http://www.hillnews.com/thehill/export/TheHill/News/TheExecutive/051106_cougar.h tml

Graham and Levin lead fight on Cougar
By Roxana Tiron

Some powerful members of the South Carolina and Michigan delegations are throwing their weight behind a blast-protective vehicle that has become increasingly popular with the Marine Corps and Army, trying to protect troops from roadside bombs in Iraq.

The vehicle, known as the Cougar — a “hulking beast of a truck,” as the Marines like to call it — is the product of a small business, Force Protection Industries Inc., in Ladson, S.C.

Force Protection has grown from a nine-person company in 2003 to about 365 employees today.

But with rapid success also comes the age-old question of how to keep a steady flow of Pentagon orders so that the company can keep its beefed-up work force and its production lines in operation. Starting and stopping production repeatedly can hurt a small company, said Michael Aldrich, the company’s vice president.

“We would like a little more visibility of where the train is going before you are on it,” he said.

That is where Sens. Lindsey Graham (R-S.C.) and Carl Levin (D-Mich.) came to the company’s rescue as the Senate Armed Services Committee marked up the 2007 defense authorization bill.

Spartan Chassis Inc. in Michigan, a subsidiary of Spartan Motors, builds the chassis for the Cougar. With support from committee Chairman John Warner (R-Va.) and Levin, the panel’s ranking member, Graham inserted a provision to add $100 million to the Navy’s procurement budget to buy the Cougar and its larger, brother vehicle, the Buffalo, used for mine clearance.

As soon as Force Protection found out that the Cougar and Buffalo did not receive money in the House version of the 2007 defense authorization bill, “we ran to Senator John Warner [chairman of the Senate panel] and Senator Levin,” Aldrich said. The extra money can buy up to 150 vehicles, according to the company.

The $100 million extra in the Senate coincided with a $50 million Pentagon award for 79 more Cougar vehicles. The contract includes field support, training and spare parts.

The company received a contract for 27 Cougars for the Marine Corps in April 2004. That was followed by a Pentagon contract for 122 vehicles for all services in May 2005.

But the company still has to make sure that the $100 million it received from the Senate will stay as part of the conference report between the two chambers.

It is in the appropriations process where the test lies for the small company. To boost its image on the Hill, the company hired Congressional Strategies LLC in February, according to lobby registration filings. And Aldrich is in Washington this week meeting with lawmakers.

While Force Protection has some strong supporters in the Senate, it also has at least one champion in the House: Rep. Joe Wilson (R-S.C.), a member of the House Armed Services Committee. Wilson told The Hill that he plans to write a letter to the Defense Appropriations Subcommittee to raise the issue and ensure funding for more Cougars.

“It works, and it is protecting American lives. It enhances our ability to travel anywhere and anytime,” said Wilson. He has visited the company’s plant in Ladson, where he was allowed to drive one of the vehicles. He also visited the maintenance depot in Balad, Iraq, he said.

The Cougar “jumps out at you as very innovative. If you were a bad guy, it would be very intimidating to see this,” Wilson said.

The Cougar is much larger than a Humvee and has heavier armor. Its success is attributed to its V-shaped hull, designed to withstand mine blasts.

“More than 100 of them are deployed and there have been no deaths, and it is due to their V-shape design,” Wilson said. He said the $100 million is “crucial” to keep the Cougar production line in place.

As the company is pushing to receive the extra $100 million, it is also vying for a lucrative contract for the so-called Iraqi Light Armored Vehicle.

The U.S. Army Tank Automotive and Armaments Command is planning to award a contract by the end of May. The contract can go up to 765 vehicles, Aldrich said.

The company has teamed up with BAE Systems to share the production of the vehicles, should it receive the contract. General Dynamics Land Systems is also competing for the contract. Others potentially vying for it are Textron, Oshkosh, Steward & Stevenson, Krauss Maffei and Armoured Technology Systems.

If Force Protection does not receive the contract for the Iraqi vehicles it plans to rely on the Army’s plan to buy 250 Buffalo vehicles between 2007 and 2009, Aldrich said.
 
Posted by Repoman75 on :
 
Printed $3.87 today.. now on a dip to buy more shares.

The biggest news is yet to come... outfitting the new Iraqi Army. If they get that deal by end of May, see you at $15.


Malloy - you're my hero!
 
Posted by Jo4321 on :
 
765 vehicles...that is huge! This one has tons of potential!

Jo


quote:
As the company is pushing to receive the extra $100 million, it is also vying for a lucrative contract for the so-called Iraqi Light Armored Vehicle.

The U.S. Army Tank Automotive and Armaments Command is planning to award a contract by the end of May. The contract can go up to 765 vehicles, Aldrich said.


 
Posted by daytrader1 on :
 
3.75 and accumulation should provide a good base!
 
Posted by Repoman75 on :
 
3.81
 
Posted by Repoman75 on :
 
$4 coming... news must have leaked about the Iraqi contracts. $10 by EOM.
 
Posted by daytrader1 on :
 
REPO..4 ticked MANNN.. didnt I tell ya? $4 by end of week [Big Grin] [Big Grin] [Big Grin]
 
Posted by Repoman75 on :
 
We gap at the open up to $4.15 - $4.20, will trade down to the lower $4's, and then close near $4.30.

NOT SELLING UNTIL AT LEAST $10.
 
Posted by daytrader1 on :
 
I put all my NDOL and PGPM profits into this and this delivered [Smile] ..
 
Posted by Malloy on :
 
Another great day :-)
 
Posted by Repoman75 on :
 
158,000 shares BOUGHT ($600K) in the AH at a negotiated price of 3.832 .... institutution, politician, insider??????????
 
Posted by Repoman75 on :
 
Malloy!! you da man!

I thought you sold though?
 
Posted by Jo4321 on :
 
Holy cow! A bright spot in my sea of red. I'm up 84%. Besides NDOL, I've never been in this position.

I don't feel as nervous about my profits staying in like I did with NDOL.

Thanks again Malloy for alerting us to this prior to the contract PR.

Jo
 
Posted by daytrader1 on :
 
good call malloy! I'm up almost 100% by adding on dips...
 
Posted by newtrader on :
 
malloy, how high do you think this thing will go?

great call, thanks!
 
Posted by Repoman75 on :
 
We're going to $10 in 1 week if we get those Iraqi contracts.

Bidding at $4.05 now. Gapper!
 
Posted by Repoman75 on :
 
$4.20
 
Posted by Malloy on :
 
Thanks...sometimes, we get it right...and it feels gooood!

Bought and sold and bought and sold and bought...you get the idea...

As long as it's hot, I'm gonna keep on riding the waves. I like to secure profit every now and then...I can always buy back.

Honestly, never thought we would be over 4$ that fast...so, if you're asking me how high it will go, I have no idea...this is uncharted territory...anything possible.

...and thanks again for the good words.

[Cool]

quote:
Originally posted by Repoman75:
Malloy!! you da man!

I thought you sold though?


 
Posted by Malloy on :
 
Spartan Chassis to Supply Key Components for Cougar Armored Vehicles


CHARLOTTE, Mich., May 12 /PRNewswire-FirstCall/ -- Spartan Chassis, Inc., a subsidiary of Spartan Motors, Inc. (Nasdaq: SPAR), today announced it has received a subcontract order from Force Protection, Inc. to supply and integrate key chassis components and assist in the manufacturing of 45 Cougar Joint Explosive Ordinance Disposal Rapid Response Vehicles (JERRV) for use by the U.S. Marine Corps.

The prime procurement contract, worth $50 million, was awarded by the U.S. Department of Defense on May 2, 2006, to Force Protection, a Charleston, S.C.- based manufacturer of ballistic and mine-protected military vehicles. The order placed with Spartan Chassis is worth $6.1 million. Spartan Chassis issued a statement on May 4, 2006, that it expected a subcontract order from Force Protection to supply chassis for an additional 79 Cougars, which encompassed this order.

"Spartan Chassis is honored to be assisting in protecting the lives of those U.S. Marines that will utilize these vehicles," said Richard Schalter, president of Spartan Chassis. "Our specialty vehicle expertise has assisted us in meeting the ever-changing needs and pressing demands of the U.S. military, and we're pleased that the in-combat performance of the Cougar has resulted in additional orders."

The Cougar is a medium-sized, blast-protected vehicle produced in both four- and six-wheel configurations. The vehicle's V-shaped hull is designed to deflect the force of explosions away from passengers inside the armored hull. It can be customized for multiple tasks including urban patrol, route clearance support, troop transport, mine and explosive ordnance disposal, command and control, reconnaissance and as a lead convoy vehicle.

Schalter added that production on existing orders will need to be completed before work can begin on these units. "It is our commitment to all our customers that we ensure the timely delivery of a high quality product and that is no different for the key components for these vitally important vehicles."

About Spartan Chassis, Inc.:

Spartan Chassis, Inc. (http://www.spartanchassis.com ) is a subsidiary of Spartan Motors, Inc. and is a leading developer and manufacturer of custom chassis for recreational vehicles and fire trucks. The company has a reputation for high quality, value, service and being the first to market with innovative products. Spartan Motors is publicly traded in the NASDAQ Stock Market under the ticker symbol SPAR.

About Force Protection, Inc.:

Headquartered near Charleston, South Carolina, Force Protection, Inc. (OTC Bulletin Board: FRPT) manufactures ballistic and mine protected vehicles through its subsidiary. These specialty vehicles are designed to offer significant protection against landmines, hostile fire and IEDs. For more information about Force Protection, visit http://www.forceprotectioninc.com .

This release contains forward-looking statements, including, without limitation, statements concerning our business, future plans and objectives and the performance of our products. These forward-looking statements involve certain risks and uncertainties that ultimately may not prove to be accurate. Actual results and future events could differ materially from those anticipated in such statements. Technical complications may arise that could prevent the prompt implementation of the plans outlined above. The company cautions that these forward-looking statements are further qualified by other factors including, but not limited to, those set forth in the company's Form 10-KSB filing and other filings with the United States Securities and Exchange Commission (available at http://www.sec.gov ). Government contracts and subcontracts typically involve long payment and purchase cycles, competitive bidding, qualification requirements, delays or changes in funding, extensive specification development and changes, price negotiations and milestone requirements. An announced award of a governmental contract is not equivalent to a finalized executed contract and does not assure that orders will be issued and filled. Government agencies also often retain some portion of fees payable upon completion of a project and collection of contract fees may be delayed for long periods, which can negatively impact both prime contractors and subcontractors. The company undertakes no obligation to publicly update or revise any statements in this release, whether as a result of new information, future events or otherwise, except as required by law.

SOURCE Spartan Chassis, Inc.

Contact Information: Karen Hildebrant of Spartan Chassis, Inc., +1-517-543-6400 x111; or Ryan McGrath or Jeff Lambert of Lambert, Edwards & Associates, Inc., +1-616-233-0500, for Spartan Chassis, Inc.

WebSite: http://www.forceprotectioninc.com
 
Posted by daytrader1 on :
 
Excellent news!!!!!!!!!!!!!!! and sales have almost dried till 4.2.. now its all green, green and more green, revenue report should show roaring 800% increased revenues!!!!did you see someone yesterday added 50K shares towards EOD?
 
Posted by Jo4321 on :
 
quote:
Bought and sold and bought and sold and bought...you get the idea...

As long as it's hot, I'm gonna keep on riding the waves. I like to secure profit every now and then...I can always buy back.

I need to learn how to do that. So far with every big stock that I took a profit, it then went up afterwards. Do you just buy again at the higher price anyhow? Or do you wait for a dip and risk missing out?

Now, I KNOW that idealy, it would have been good to sell today at $4.20 and buy right now at 3.84. But I chickened out on that!

If I had more money, this would be a great time to buy in!

Jo
 
Posted by Repoman75 on :
 
Huge buy yesterday for 158K shares at 3.83 negotiated price...

this thing is going much higher.

Jo:

If you are holding a lot of shares, don't try to flip. It's easy to get out, but harder to get in on dips.
 
Posted by daytrader1 on :
 
true..i lost almost 8% when I tried to flip yesterday [Frown]

anyways more news:

Graham and Levin Lead Fight on Cougar
Author: Roxana Tiron
Publisher: The Hill
Date: 05/11/2006

The Hill Newspaper today reported on the efforts of Senators John Warner, Lindsey Graham, and Carl Levin of the Armed Services Committee to insert a provision in the 2007 defense authorization bill for $100 million designated to purchase Force Protection's Cougar troop transport and Buffalo mine clearance vehicles.

The article cites that while Force Protection has some strong supporters in the Senate, it also has at least one champion in the House: Rep. Joe Wilson (R-S.C.), a member of the House Armed Services Committee. Wilson told The Hill that he plans to write a letter to the Defense Appropriations Subcommittee to raise the issue and ensure funding for more Cougars.

Wilson, who has visted the plant in Ladson and seen the maintenance depot in Iraq, also said that the Cougar “works, and it is protecting American lives. It enhances our ability to travel anywhere and anytime."

The article stated that the the Cougar is much larger than a Humvee and has heavier armor, and that its success is attributed to its V-shaped hull, designed to withstand mine blasts.

Wilson told the Hill that more than 100 of Force Protection's vehicles are deployed and there have been no deaths, and that the $100 million is “crucial” to keep the Cougar production line in place.
 
Posted by Malloy on :
 
Jo, I only flip when I see strong signals one way or the other...otherwise, like Repo says, it gets hard to jump in or out at the right price.

...and I miss sometimes...there's no easy money...and remember that we are just a drop in the huge $ trading ocean...if they want it up, it'll go up and they'll shake it along the way to get weak hands out, if they want it down, it'll go down and they'll fake heads to have buyers jump in...
 
Posted by Repoman75 on :
 
Institutions buying FRPT.... (last paragraph)

Institutions buying FRPT. Read last paragraph

THE STOCKPICKERS
Getting the most from microcaps
Perritt Emerging Opportunities manager thinks big with little stocks
By Jonathan Burton, MarketWatch
Last Update: 9:46 PM ET May 14, 2006


SAN FRANCISCO (MarketWatch) -- Sweating the small stuff is part of the job for Michael Corbett.
The lead manager of the Perritt Emerging Opportunities Fund (PREOX : Perritt Emerging Opp
News , chart, profile, more
Last: 14.58-0.17-1.15%

6:04pm 05/12/2006

PREOX14.58, -0.17, -1.2%) focuses on microcap stocks with market values below $250 million. Companies in the $90 million no-load fund are the smallest of the small, little known operations that Corbett hopes will attract more attention from investors over time as their business and profitability improves.
"They're under-followed, under-researched and unloved stocks," Corbett said. Ideally, he'll give a stock two-to-five years to reach a market cap of $500 million to $600 million, the range where a winning stock is typically sold. "We think something big is going to happen several years down the road, and then liquidity will follow."
Emerging Opportunities has put up big results since its introduction in August 2004. The fund rose 39.5% in the 12 months through May 12, compared to an average 25.3% gain for its small-cap value category peers, according to fund tracker Lipper Inc.
The fund holds about 110 stocks; diversification being key to Corbett's investment strategy. So no one fund position usually reflects more than about 1.5% of the portfolio.
"A lot of companies in this space tend to have few products or services," Corbett said. "Some will fall hard; some won't do a lot, and a few will help you out and make a lot of money. The best thing you can do is diversify."
One stock making a strong contribution to the fund's return is Century Casinos Inc. (CNTY : century casinos inc com
CNTY10.83, -0.05, -0.5%) , which owns and operates smaller casinos in less-glamorous surroundings than Las Vegas or Atlantic City. The company runs casinos in Colorado, Canada, and on cruise ships and riverboats, splitting revenue with the municipalities that license the business.
Corbett said Century Casinos' small-market strategy is paying off. "Earnings are starting to come through," he said.
Shares of Century Casinos slid 5 cents on Friday to $10.83. The stock has traded in a 52-week range between $11.38 and $6.02 a share. "It's had a nice run," Corbett said of the stock, which has a market cap of about $249 million and reflects a 1% fund position.
Corbett has a similar stake of the fund in Rimage Corp. (RIMG : Rimage Corp
RIMG20.99, -0.81, -3.7%) , which has a core business in the medical imaging market, selling to hospitals and other medical facilities.
Now Rimage is expanding into the consumer sector, Corbett said. Most promising is a venture with Eastman Kodak Co. for Wal-Mart customers to transfer photographs from digital cameras to compact discs or DVDs.
"They have a stable medical imaging business," Corbett said. "There's growth on the consumer side, and a nice partner to lead to more things."
In addition, Rimage, with a market cap of about $206 million, boasts a strong balance sheet, Corbett said, with about $7 a share in cash and no debt. On Friday, shares of Rimage fell 81 cents to $20.99. The stock is off its 52-week high of $33.95, set on Feb. 1.
"There was too much excitement over the Kodak deal," Corbett said. "The stock got well ahead of itself. But in the low 20s or even into the teens, I'd be buying the stock in a bigger way."
One recent addition to the fund has been soaring lately, to the point where Corbett is increasingly concerned that shares of Force Protection (FRPT : force protection inc com new
FRPT3.91, -0.12, -3.0%) , a maker of armored military vehicles, are appreciating too far, too fast. The Bulletin-Board traded stock closed Friday at $3.91, down 12 cents. Shares traded at 69 cents on Dec. 30.
"I don't care if it's the best product in the world," Corbett said. "There's a certain point at which a stock is overpriced. If they send it up too high, I might have to trade out of it."
Still, Corbett is optimistic about Force Protection's prospects, which center on three types of vehicles designed to protect occupants from roadside bombs, land mines and other explosives that soldiers commonly encounter in Iraq. Orders have been coming in strong, he said, predicting that the company, with a market cap of about $141 million, could double annual revenue this year to north of $100 million.
"It's going to be $100 million in revenue, and your market cap is at that level, one times revenue," Corbett said of Force Protection. "They keep growing the bottom line, and that's how any good business evolves."

http://www.marketwatch.com/News/Story/Story.aspx?guid=%7B610276E0%2D579B%2D45C6% 2DA1DB%2D6109C4AFE1A0%7D&source=blq%2Fyhoo&dist=yhoo&siteid=yhoo
 
Posted by Repoman75 on :
 
10Q out... I would say overall, great improvement. Obviously, today was sell on the news. However, I would expect before the next quarter results, $6 or $7 PPS.

http://biz.yahoo.com/e/060515/frpt.ob10-q.html
 
Posted by Repoman75 on :
 
Force Protection, Inc. Announces Operating Profitability, Positive Cash Flows for First Quarter
Tuesday May 16, 7:45 am ET


LADSON, S.C.--(BUSINESS WIRE)--May 16, 2006--Force Protection, Inc. (OTCBB:FRPT - News) achieved operating profitability and positive cash flows from operations during the three-month period ending March 31, 2006 on total sales of $34.8 million. The company recorded a gross profit for the quarter of $6.6 million, an operating profit of $114,000 and positive cash flows from operations of $7.2 million. These results reflect the dramatic increase in vehicle production from the same period in 2005.

"We are extremely pleased to have such a strong sales performance thus far in FY06," said Force Protection CEO Gordon McGilton. "This reflects the fact that our life-saving vehicles are being shipped to the troops in increasing numbers, and that awareness of the proven solution these vehicles provide to the problem of IEDs is also increasing."

Force Protection's net cash flow from operations in the first quarter was recorded at $7.2 million, compared with a loss from operations of $5.4 million in the first quarter of 2005. The company realized an overall net loss for the three-month period ended March 31, 2006 of $665,633, resulting from interest expenses incurred during the quarter.

"To achieve operating profitability is a significant milestone for Force Protection," said McGilton. "We are now seeing the benefit of the hard work we put in last year to develop and execute our production plan. We look forward to continuing this strong performance during 2006 as we establish greater production efficiencies and optimize our internal business processes."

Force Protection expects the number of its Cougar troop transport and Buffalo route clearance vehicles in Iraq and Afghanistan to more than double by July 2006. There are currently more than 100 vehicles deployed in the war in Iraq.
 
Posted by Repoman75 on :
 
Gapping up. $5 eom, $7-$8 by next financials
 
Posted by daytrader1 on :
 
up 15%
 
Posted by Repoman75 on :
 
All buys ...muhahaha..... can you say money maker?
 
Posted by Jo4321 on :
 
I have had some pretty bad luck in my trading, but this one has done great so far. The only thing is I am now soooo nervous. I like to see the profits in my account, but I know they are not truly profits until I sell. But I'm afraid to sell because here is my record on selling so far:

Sold XIDE at 3.15, now 4.06
Sold JSDA at 9.10, now at 52-week high of 10.87
I planned to sell those, and get back in lower than I sold, but they never went lower! LOL!

As for FRPT, I do not have a lot of shares. I am a small investor. I'd like to take some profits, but if I do, I will have even less shares. I'm just gonna have to grin and bear the dips. But I am so fearful, because of all the bad things that have happenned to me in the penny stocks when I did NOT take my profits.

I am glad this is a REAL company with a REAL product!

Jo
 
Posted by Repoman75 on :
 
Jo,

If you wanted to take profits, the time was last Friday. Then you could have rebought in yesterday. Now? Too late, too risky, as we are heading toward $5 end of month.

Hold this gem, trust me.
 
Posted by Jo4321 on :
 
Yeah, I know Friday was the day LOL!

I'm holding on. Just a little gun-shy cause you have probably seen my history (in the blood bath threads) with holding too long. But those that I held too long seemed to be PnD's and I know that this one is DEFINITELY NOT.

I checked out the other one you recommended, NLST, too, but by the time I looked at it had already gone up 10 cents. I may try and buy on a dip cause I really need to get into some safer, REAL companies instead of those momo plays.

Jo
 
Posted by Jo4321 on :
 
Here's a great story! This is the kind of stock you feel good about investing in.


Cougar JERRV Armored Vehicle Saves EOD Team in Iraqeb page
Posted on Friday, May 12 * 17:40:02 PDT by davidc
by David Crane
david at defensereview.com

Back in November, 2005, DefenseReview published a press release on the Cougar Joint Explosive Ordnance Rapid Response Vehicle (JERRV) and Buffalo Mine Clearance Vehicle made by Force Protection, Inc. (a.k.a. Force Protection Industries, Inc.). We've been hearing good things about the performance of these armored vehicles in the Sandbox (theater of operations), and recently spoke with Force Protection VP Mike Aldrich about them. Two of the vehicle design features we on the phone discussed were V-hull and diamond-shaped crew compartment utilized by both vehicles. We're going to publish a more in-depth article on the Buffalo and Cougar armored vehicles based on our interview with Mr. Aldrich as soon as we can. In the meantime, we have some photos of a Cougar vehicle that survived a mine blast during an operation in Iraq. Mr. Aldrich was kind enough to send us a sanitized testimonial letter from one of the three EOD (Explosive Ordnance Disposal) specialists that were in the vehicle. All three men survived.


The following is the information we received (letter and photos from the field)...


"Just wanted to write a quick note to all of you at your company to thank you for the hard work you put into the Cougar vehicle. We are stationed in [omitted] Iraq and about 2 weeks ago our JERRV/Cougar ran over [deleted] mine coming back from a call downtown. It had been raining that night and the mines were placed in a hole filled with water. Right after the explosion, the Cougar was driven for two miles on the three remaining tires at speeds in excess of 20 mph so that we could make it to a safe area.


Once we got to the safe area we were able to survey the damage and everyone was amazed how far the vehicle had driven. The three of us inside were all okay other than slight concussions and a headache that lasted a few days. We know that if we had been in another type of vehicle that the outcome would have been much worse. We were also able to get a replacement Cougar within 24 hours. Thank you for everything and keep up the good work."


Sgt Chris Clair, USMC
EOD Team
Somewhere in Iraq
April 2006
 
Posted by Jo4321 on :
 
Missed this this morning, but you can listen to it on the web. Very informative and exciting.

10 million dollars in revenue in 2004
Just shy of 50 million dollars in revenue 2005
35 million already in Q1 of 2006


http://biz.yahoo.com/bw/060517/20060517005228.html?.v=1


Press Release Source: Force Protection Inc.

Webcast Alert: Force Protection Inc. Announces Its Robins Emerging Opportunities Investment Conference Webcast
Wednesday May 17, 8:00 am ET


PORTLAND, Ore.--(BUSINESS WIRE)--May 17, 2006--Force Protection Inc. (OTCBB:FRPT - News) announces the following Webcast:
What: Force Protection Inc. Robins Emerging Opportunities
Investment Conference Webcast

When: May 17, 2006 * 08:45 AM Eastern

Where: http://www.vcall.com/CEPage.asp?ID=104598

How: Live over the Internet -- Simply log on to the web at the
address above.

Contact: Connie Schadewitz, (360)828-8601 or
connie*catalystresearch.com

If you are unable to participate during the live webcast, the call will be available for replay at http://www.vcall.com/ClientPage.asp?ID=104598 or http://www.investorcalendar.com/

LISTEN TO IT, you'll want to buy!

Jo
 
Posted by Repoman75 on :
 
American Bulls has us rated a "BUY".

Jo, see you at $5... then, $10.
 
Posted by Jo4321 on :
 
I'm with ya, Repo!

Jo
 
Posted by Repoman75 on :
 
Rumor of a 100 mil dollar order to be announced eom... for Cougars.
 
Posted by Jo4321 on :
 
Took pretty good dip today to 3.40. I actually had another buy order in for 3.35, but it didn't get that low. Now, I'm second guessing that one! Oh well. It's good that it began to go back up towards the end of the day and the price it is at now is still a good entry point.

Where is this rumor coming from?

Jo
 
Posted by Repoman75 on :
 
Tick tock tick tock...moving up... no sellers.... the big announcement is coming.
 
Posted by Jo4321 on :
 
Repo, I wish you'd quit teasing. You are making me consider canceling my $4.15 sell order.

Can you give me a clue?
Send it to: Jodobo at gmail dot com

Jo
 
Posted by Repoman75 on :
 
It's the Iraqi Army Contract... it set to be decided on May 31st... announced shortly thereafter I would guess.

PS - my sell order is set at $10 AON.
 
Posted by Jo4321 on :
 
Oh, okay. I thought you were talking about another contract in addition to the Iraqi one. The fact that they are in the bidding for that contract isn't a rumor. That is a fact.

I wonder what other companies are in the bidding for the contract? I can't imagine there are too many other companies that make similar equipment!

Jo
 
Posted by Jo4321 on :
 
What is the naked short list?


May 23, 2006 (M2 PRESSWIRE via COMTEX) -- www.**********, announced today that these select companies have been added to the NASDAQ, AMEX and NYSE naked short threshold list: Diametrics Medical, Inc. (DMED), Force Protection, Inc. (FRPT), HydroGen Corporation (HYDG), Teleplus Enterprises, Inc. (TLPE), Utix Group, Inc. (UTIX). For a complete list of companies on the naked short list please visit our web site. To find the SqueezeTrigger Price before a short squeeze starts in any stock, go to www.**********.

Diametrics Medical, Inc. (DMED) does not have significant operations. It seeks to acquire or merge with another business entity. Previously, the company was engaged in the development, production, and distribution of continuous blood and tissue monitoring products. Diametrics Medical was incorporated in 1990 and is based in Culver City, California. With 35.47 million shares outstanding and an undisclosed short position, there is a failure to deliver in shares of DMED.

Force Protection, Inc. (FRPT) and subsidiaries engages in the design, manufacture, and marketing of mine and blast protected vehicles in the United States and South Africa. Its products include The Buffalo, designed principally for route clearing activities; and The Cougar, a light weight vehicle that is used for urban patrol, route clearance support, utility transport, and special unit activities. It primarily serves the United States Army and the United States Marine Corps. The company was founded as Boulder Capital Opportunities III in 1996 and is headquartered in Ladson, South Carolina. With 36.11 million shares outstanding and an undisclosed short position, there is a failure to deliver in shares of FRPT.
 
Posted by ArmySGT on :
 
FRPT -- Force Protection, Inc.
Com (No Par)(New)

COMPANY NEWS AND PRESS RELEASES FROM OTHER SOURCES:

**********: DMED, FRPT, HYDG, TLPE, UTIX Have Also Been Added To Naked Short List Today

May 23, 2006 (M2 PRESSWIRE via COMTEX) -- www.**********, announced today that these select companies have been added to the NASDAQ, AMEX and NYSE naked short threshold list: Diametrics Medical, Inc. (OTCBB: DMED), Force Protection, Inc. (OTCBB: FRPT), HydroGen Corporation (OTCBB: HYDG), Teleplus Enterprises, Inc. (OTCBB: TLPE), Utix Group, Inc. (OTCBB: UTIX). For a complete list of companies on the naked short list please visit our web site. To find the SqueezeTrigger Price before a short squeeze starts in any stock, go to www.**********.
Diametrics Medical, Inc. (OTCBB: DMED) does not have significant operations. It seeks to acquire or merge with another business entity. Previously, the company was engaged in the development, production, and distribution of continuous blood and tissue monitoring products. Diametrics Medical was incorporated in 1990 and is based in Culver City, California. With 35.47 million shares outstanding and an undisclosed short position, there is a failure to deliver in shares of DMED.

Force Protection, Inc. (OTCBB: FRPT) and subsidiaries engages in the design, manufacture, and marketing of mine and blast protected vehicles in the United States and South Africa. Its products include The Buffalo, designed principally for route clearing activities; and The Cougar, a light weight vehicle that is used for urban patrol, route clearance support, utility transport, and special unit activities. It primarily serves the United States Army and the United States Marine Corps. The company was founded as Boulder Capital Opportunities III in 1996 and is headquartered in Ladson, South Carolina. With 36.11 million shares outstanding and an undisclosed short position, there is a failure to deliver in shares of FRPT.

HydroGen Corporation (OTCBB: HYDG) a development stage company, through its wholly owned subsidiary, HydroGen, LLC, engages in the design, manufacture, marketing, and distribution of fuel cell modules and energy systems using phosphoric acid fuel cells. It owns certain technology, proprietary rights, and manufacturing assets for the production of 400 kW air-cooled phosphoric acid fuel cell modules. The company is headquartered in Cleveland, Ohio. With 7.61 million shares outstanding and an undisclosed short position, there is a failure to deliver in shares of HYDG.

Teleplus Enterprises, Inc. (OTCBB: TLPE) provides wireless and landline products and services in North America. The company, through its subsidiary, TelePlus Retail Services, Inc., owns and operates a chain of TelePlus branded stores in shopping malls, selling various wireless and portable communication devices. The company's subsidiaries include TelePlus Wireless, Corp., which operates a virtual wireless network selling cellular network access to distributors in the United States; and TelePlus Connect, Corp., a reseller of landline and long distance services, including Internet services in Canada. Teleplus's products include wireless and home phones, satellite dishes, pagers, exclusive line of unlocked GSM phones, and other devices and accessories. Its products are distributed through the company's Web sites, third party Web sites, distributors in U.S. and Canada and through direct marketing. The company was incorporated as Terlingua Industries, Ltd. in 1999 and changed its name to HerbalOrganics.com, Inc. in 2000. Further, it changed its name to Teleplus Enterprises, Inc. in 2003. The company is headquartered in St-Laurent, Canada. With 86.40 million shares outstanding and an undisclosed short position, there is a failure to deliver in shares of TLPE.

Utix Group, Inc. (OTCBB: UTIX) provides gift tickets to corporations that are redeemable at golf courses, ski resorts, spas, bowling centers, and movie theaters in the united states and Canada. The company's products include recreation products, such as Utix Golf Tickets, SwingPack, Utix Ski and Snowboard Tickets, and Utix Bowling Ticket; and leisure products, including Utix Spa Ticket and Movie Ticket. It distributes its products through prepaid manual plastic gift tickets to corporations and other business users, as well as sells prepaid magnetic strip gift tickets through mass merchandise retail chains, and Web site. The company has strategic alliances with the National Golf Course Owners Association, Promotion Management Group, WildCard Systems, Inc., Discover, and Interactive Communication International, Inc. Utix Group, Inc. was founded in 1986 and is headquartered in Burlington, Massachusetts. With 37.41 million shares outstanding and an undisclosed short position, there is a failure to deliver in shares of UTIX.

About **********

WWW.********** is a service designed to help bonafide shareholders of publicly traded US companies fight naked short selling. Naked short selling is the illegal act of short selling a stock when no affirmative determination has been made to locate shares of the stock to hypothecate in connection with the short sale. ********** has built a proprietary database that uses Threshold list feeds from NASDAQ, AMEX and NYSE to generate detailed and useful information to combat the naked short selling problem. For the first time, actual trade by trade data is available to the public that shows the attempted size, actual size, price and average value of short sales in stocks that have been shorted and naked shorted. This information is valuable in determining the precise point at which short sellers go out-of-the-money and start losing on their short and naked short trades.

********** has built a massive database that collects, analyzes and publishes a proprietary SqueezeTrigger for each stock that has been shorted, www.**********/squeezetrigger.pdf. The SqueezeTrigger database of nearly 750,000,000 short sale transactions goes back to January 1, 2005, and calculates the exact price at which the Total Short Interest is short in each stock. This data was never before available prior to January 1, 2005, because the Self Regulatory Organizations (primary exchanges) guarded it aggressively. After the SEC passed Regulation SHO, exchanges were forced to allow data processors like ********** to access the data.

The SqueezeTrigger database collects individual short trade data on over 7,000 NYSE, AMEX and NASDAQ stocks and general short trade data on nearly 8,000 OTCBB and PINKSHEET stocks. Each month the database grows by approximately 50,000,000 short sale transactions and provides investors with the knowledge necessary to time when to buy and sell stocks with outstanding short positions. By tracking the size and price of each month's short transactions, ********** provides institutions, traders, analysts, journalists and individual investors the exact price point where short sellers start losing money.

All material herein was prepared by **********, based upon information believed to be reliable. The information contained herein is not guaranteed by ********** to be accurate, and should not be considered to be all-inclusive. The companies that are discussed in this opinion have not approved the statements made in this opinion. This opinion contains forward-looking statements that involve risks and uncertainties. This material is for informational purposes only and should not be construed as an offer or solicitation of an offer to buy or sell securities. ********** is not a licensed broker, broker dealer, market maker, investment banker, investment advisor, analyst or underwriter. Please consult a broker before purchasing or selling any securities viewed on or mentioned herein. ********** may receive compensation in cash or shares from independent third parties or from the companies mentioned.

********** affiliates, officers, directors and employees may also have bought or may buy the shares discussed in this opinion and may profit in the event those shares rise in value. TLPE has previously paid a $995.00 data fee to **********. Market commentary provided by Thomas Ronk.

********** will not advise as to when it decides to sell and does not and will not offer any opinion as to when others should sell; each investor must make that decision based on his or her judgment of the market.

This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may", "future", "plan" or "planned", "will" or "should", "expected," "anticipates", "draft", "eventually" or "projected". You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a companies' annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission.

You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and ********** undertakes no obligation to update such statements.

CONTACT: Thomas Ronk, CEO, www.********** Tel: +1 800 715 9999 e-mail: Tom***********

M2 Communications Ltd disclaims all liability for information provided within M2 PressWIRE. Data supplied by named party/parties. Further information on M2 PressWIRE can be obtained at http://www.presswire.net on the world wide web. Inquiries to info*m2.com.


(C)1994-2006 M2 COMMUNICATIONS LTD

-0-
 
Posted by Repoman75 on :
 
That means this stock is shorted as well... SHORT SQUEEZE coming!
 
Posted by ArmySGT on :
 
so for a newbie that means? put it Barney style for us new ones, I cant find it on investopedia.com so its not clicking in my book lol
 
Posted by Repoman75 on :
 
It means that either retail investors like you and me (but with more money) or MM's have shorted the stock, and if it reaches a certain price (I can't see the website so don't know what it is), they will panic and begin to buy back so they don't keep losing more money. That will drive the price up.
 
Posted by ArmySGT on :
 
so how do we find the prize so i can buy more to make sure that happens? lol
 
Posted by ArmySGT on :
 
hey repoman, your mailbox is full but i got the report from www.pinksheets.com
 
Posted by Repoman75 on :
 
Ahh, gotcha. I don't pay for it so I don't know what site those guys at buy in.net are saying is the short price... but we must be getting closer.
 
Posted by ArmySGT on :
 
i dont know either but i think i might invest in it
 
Posted by Jo4321 on :
 
S-t-o-c-k-w-i-r-e.com: . com: The Pioneers of the STOCKUMENTARY, deliver the Movers and Shakers ****, Part 2:
10:36 a.m. 05/30/2006 Provided by


AUSTIN, May 30, 2006 (M2 PRESSWIRE via COMTEX) -- We like stocks trading big dollar value volume! A very interesting indicator to look for is where the money is flowing into. We have a filter that we watch every morning that shows us "Dollar Volume". We also like stocks that are trading at bargain prices. As of 10:30AM, a couple of these stocks are: (PTSC), (FRPT), (ACKHQ), (VRDI)

What is a STOCKUMENTARY? Visit the following link to find out: http://www.s-t-o-c-k-w-i-r-e . com/cdrom/aani/streaming .

For the nine months ended 28 February 2006,

For the three months ended 31 March 2006, Force Protection, Inc.'s revenues totaled $34.8M, up from $5.9M. Net loss fell 83% to $666K. Revenues reflect increased level of vehicle production primarily the result of JERRV contract and increased revenue from the sale of spare parts. Lower loss reflects improved gross margin due to the increasing efficiency of the manufacturing operations and the company's cost efficiency.

As a trader, a very intelligent place to put your money, is where the money is flowing into. These are the kind of trades that you want to get into.

As the saying goes...follow the money!

To see the complete Movers & Shakers **** go to: http://www.*********.com .

********* . com is an online financial destination where investors can go to research new investment ideas by using the most cutting edge technology. We are a company that has pioneered what is called The Stockumentary. We are focused on finding emerging growth companies that do not necessarily have widespread analyst coverage on Wall Street. The site also provides investors with full coverage of quotes, charts, and news for all publicly listed stocks in the U.S.

Investors are advised that this analysis is issued solely for informational purposes and is not to be construed as an offer to sell or the solicitation of an offer to buy. This report does not have regard to the specific investment objectives, financial situation and the particular needs of any specific person who may receive this information. The information contained herein is based on sources that we believe to be reliable but is not guaranteed by us as being accurate and does not purport to be a complete statement or summary of the available data. Past performance is no guarantee of future results. Please consult a broker before purchasing or selling any securities mentioned on http://www.*********.com Any opinions expressed herein are statements of our judgment as of the date of publication and are subject to change without notice. Reproduction without written permission is prohibited.

CONTACT: ********* Research Group Inc Tel: +1 305 476 1947 e-mail: info**********.com

M2 Communications Ltd disclaims all liability for information provided within M2 PressWIRE. Data supplied by named party/parties. Further information on M2 PressWIRE can be obtained at http://www.presswire.net on the world wide web. Inquiries to info*m2.com.

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[ May 30, 2006, 21:55: Message edited by: Jo4321 ]
 
Posted by GhostRM on :
 
Rumor of FRPT being on Mad Money tonight after contract is signed and PR released.
 
Posted by Jo4321 on :
 
Any word on this contract? I'm searching but haven't come up with anything.

Jo
 
Posted by GhostRM on :
 
Jo jo jo jo jo!

They got it, and it's a whopper. See you at $25 PPS by end of year. It's already up to $4.75 in European markets. Happy days are here again... if Repoman man were here, he would say, hold tight girl!


BAE Systems Land & Armaments L.P., York, Pa., was awarded on May 30, 2006, a delivery order amount of $180,503,000 as part of a $445,439,000 firm-fixed-price contract for Iraqi Light Armored Vehicles. Work will be performed in Anniston, Ala. (50 percent), and Ladson, S.C. (50 percent), and is expected to be completed by Nov. 30, 2009. Contract funds will not expire at the end of the current fiscal year. There were an unknown number of bids solicited via the World Wide Web on May 5, 2006, and 16 bids were received. The U.S. Army Tank-Automotive and Armaments Command, Warren, Mich., is the contracting activity (W56HZV-06-D-VB01).

http://www.defenselink.mil/contracts/2006/ct20060531-13143.html
 
Posted by Jo4321 on :
 
I'm not understanding that link. I don't see anything about FRPT in it. I do see "Ladson, SC" though which is Force Protection's location. How is BAE connected to FRPT?

Jo
 
Posted by GhostRM on :
 
I'll try to find the link that says FRPT was working with BAE Systems to land this contract. BAE is a huge British defense contractor. Let me see if I can find the link.
 
Posted by GhostRM on :
 
Here.

Associated Press
CHARLESTON, S.C. - Force Protection Inc. of Ladson and defense contractor BAE Systems Inc., have been awarded a $445 million contract to manufacture as many as 1,046 armored vehicles for the Iraqi Army, company officials and the Defense Department announced Wednesday.

The contract will mean even more workers hired at Force Protection, which employs 285 people making its armored Cougars and larger Buffalos. About three years ago, only 11 people were employed by the company.

The contract calls for an initial delivery order of 395 Cougars, said Michael Aldrich, the vice president of sales for Force Protection. The initial order is for $180 million, the Defense Department announced.

He said more workers would be hired to make the vehicles but did not know exactly how many new jobs the work would create. "We will have to leap forward again to meet the demands of the contract," Aldrich said.

The company now produces about one Cougar a day.

John Measell, a spokesman for BAE Systems, confirmed late Wednesday that a contract was pending but said the company was not prepared to make a statement yet.

But Aldrich said there would also likely be more people hired at the BAE Systems fabrication plant in Aiken.

The Defense Department contract announcement said half the work would be done at a BAE Systems plant in Anniston, Ala., while half would be performed in Ladson. It said that 16 bids were received for the contract.

The Cougar's mine-resistant hull is shaped like a "V" to deflect the force of mine blasts.

Spartan Chassis Inc., a Michigan company, builds the chassis for the Cougars. Every vehicle will come back through Charleston for final paint and shipment through either the port or the Charleston Air Force Base, Aldrich said.

He said that BAE Systems is the primary contractor and that the Defense Department would never have awarded the bid to a small company like Force Protection alone.

"It's a great marriage between Spartan, BAE Systems which has a reputation for logistics support and production of high volume armored vehicles and our ability to design the best blast-protected vehicles in Iran and Afghanistan," Aldrich said.

BAE Systems North America employs more than 30,000 people in the United States and Great Britain and generates more than $5 billion in annual sales, according to the company Web site.
 
Posted by GhostRM on :
 
And FRPT is still on the SHO list... shorts will burn today... SQUEEZE.
 
Posted by Jo4321 on :
 
WOW! This is great. Where is the link for the article above? I don't see anything on BAE's website or FRPT's website. (although the article you posted does mention that they were not prepared to make a statement).

Jo
 
Posted by GhostRM on :
 
I found it on RB. They probably will make a PR announcement sometime today.... be patient.

Bidding at 4.14 now.
 
Posted by Jo4321 on :
 
What is RB?

The article says "Associated Press", yet I can find nothing when I search Associated Press.

Is RB just another message board?

Jo
 
Posted by GhostRM on :
 
4.20 x 4.21
 
Posted by GhostRM on :
 
4.31 x 4.34
 
Posted by Jo4321 on :
 
Holy cow.

Canceling my previous sell order that was for $4.15!

Thanks for the heads up.

Jo
 
Posted by GhostRM on :
 
Jo jo jo! My AON sell order that was for $10, I now moved to $15.

Next big news announcement will deal with DoD Supplemental budget.
 
Posted by Jo4321 on :
 
Thanks for the PM about RB. I was able to find the link.

Big defense contract will mean more jobs for South Carolina

Dang, I put a buy order in for $4.20, but it looks like that is long-gone.

Glad I have my shares from $2.17!

Go FRPT!

Jo
 
Posted by Stockguru06 on :
 
is this a pr or just a rumour?
 
Posted by GhostRM on :
 
It's an announcement from the Department of Defense... FRPT hasn't announced it yet. Associated Press and South Carolina papers printing the announcement.
 
Posted by Stockguru06 on :
 
and is it certain we will see a pr about that today or is this news alraedy included in the price of today?
 
Posted by Jo4321 on :
 
quote:
Jo jo jo! My AON sell order that was for $10, I now moved to $15.
LOL! I know, $4.15 was conservative. I was just trying to be happy with a little profit and not get greedy. I have too many big losses in other positions.

But I cancelled that for now and will monitor it for a bit.

Jo
 
Posted by GhostRM on :
 
I would say some of the news is in the price, but not everyone has seen it... mutual funds will be buying heavy after the PR and the break at $5.
 
Posted by Jo4321 on :
 
Look at the first post in this thread. Malloy found info that also hadn't been released yet. And when it was -- BAM!

Jo
 
Posted by Stockguru06 on :
 
when do you guys think we will this pr?
 
Posted by GhostRM on :
 
This afternoon hopefully.....
 
Posted by Stockguru06 on :
 
so do you think it is still a good time to buy?
 
Posted by GhostRM on :
 
Yep, just buy on the dips. i'm in from $3.30... not selling until $15. Think I'm joking? This is my plane ticket outta here. I've got $30K in this.
 
Posted by Stockguru06 on :
 
but when was this article released? today? since when were there rumours about that contract?
 
Posted by captain america on :
 
yeeehaw!
 
Posted by Jo4321 on :
 
I'm thinking of raising my buy order to around $4.55. Don't know if it will dip that far, but it is dipping a bit now.

Jo
 
Posted by GhostRM on :
 
Everyone who did DD on this stock has been waiting for this announcement. The DoD posts what contracts are up for bidding, and FRPT/BAE was one of them.

The AP article was released this morning.
 
Posted by Stockguru06 on :
 
but do you think a pr will take the price even higher as this level?
 
Posted by GhostRM on :
 
I think so... over the next few weeks, definitely.
 
Posted by Stockguru06 on :
 
what is the ticker of that other company and have they released a pr yet?
 
Posted by GhostRM on :
 
BAE is a British company... they have an ADR on the exchanges... BAESY. No PR though from them.
 
Posted by knicks321 on :
 
man there is HEAVY resistance at 4.70s
 
Posted by GhostRM on :
 
Wait for the official PR... then, BOOM.
 
Posted by Stockguru06 on :
 
could it be possible they don't release a pr about the contract?
 
Posted by GhostRM on :
 
Why in Hell wouldn't they do that????????!!!! That makes no sense.
 
Posted by knicks321 on :
 
yeah absolutly its def going to take a pr to break this baby out....i believe you there is a pr coming GhostRM this is already WAY over the 200 day MA, there has to be something going on
 
Posted by Stockguru06 on :
 
when was the contract signed..i guess they won't wait that long with a pr then...maybe still today
 
Posted by GhostRM on :
 
Contract was awarded last night at 5pm.
 
Posted by Stockguru06 on :
 
ok most companies release a pr within 4 days after the signature is placed so maybe today or tomorrow a pr
 
Posted by GhostRM on :
 
Yep.
 
Posted by knicks321 on :
 
its gonna be released today, look at the volume there has already been over 4million dollars moved through the stock already today and the market has only been open for 40 minutes
 
Posted by Stockguru06 on :
 
do we also have a short position on this stock or did they already covered their short positions?
 
Posted by GhostRM on :
 
Still on the SHO list.. I think a week now.
 
Posted by knicks321 on :
 
wait its still on the SHO?! doesnt that mean it could be a squeeze play?
 
Posted by GhostRM on :
 
7 days consecutive... SQUEEEEEEEEZE!
 
Posted by knicks321 on :
 
omg guys.....everyone say a prayer for this PR....this could be INSANE
 
Posted by GhostRM on :
 
I'm hearing afternoon, 2:30 - 3:00pm. EOD short slaughter.
 
Posted by GhostRM on :
 
4.81 x 4.82, new HOD... and no PR yet! Public is unaware... watch what happens next week when institutions come pouring in.

Also, rumor of BAE buying out FRPT in the works...
 
Posted by Stockguru06 on :
 
are there rumours a pr will be out today? has anybody a good source here :-)
 
Posted by GhostRM on :
 
Rumors of PR at 2:30... dude, what are you waiting for, $7 to buy?
 
Posted by ruskin_muskin on :
 
i had been in this stock since 2.19. it so happened that someone had posted a defenselink.mil contracts ******* on this board and i bought it. its obviously given me 100% profit, but the actual PR took about 3-5 hours to be released. it actually got released around 2:30. so glta who are on this.
 
Posted by GhostRM on :
 
I'm in since 3.30... selling at $15 at EOY. Going to RETIRE.
 
Posted by ruskin_muskin on :
 
also ********** said it was on shorts list. so shortsqueeze would play here too. so 500M contract+shortsqueeze. dont know where that is taking the price of this stock.
 
Posted by GhostRM on :
 
Malloy is the man. Thanks Malloy!
 
Posted by Stockguru06 on :
 
ghost i am since 4,60 for 2000 shares but i have 20k dollar more to play but i have to be sure because this company is new for me...no idea how high this can go
 
Posted by GhostRM on :
 
SG - go to RB, lots more DD there than here.

I think the short squeeze already started...
 
Posted by GhostRM on :
 
Just hit $5... and STILL no PR.
 
Posted by Malloy on :
 
5$

Nice move again.

:-)

...and thanks
 
Posted by Jo4321 on :
 
Hey Malloy's back! Now the original gang's all here, right, Ghostrm?

L2's show asks all the way to 5.15

Unfortunately, since I didn't get filled again at the 4.55 dip, I don't think I can afford it anymore!

Jo
 
Posted by ruskin_muskin on :
 
well.. sg..i dont need to pump this stock. cougars are vehicle selected for iraq and forceprotection manufactures them. i was just saying how it happened when the stock was at 2.19. no clue when pr would be released by frpt this time. but the contract is real. go to defenselink.mil or google for defense contracts. also it is a joint project for BAE and FRPT, but FRPT surprisingly has higher stake in it just for the reason that it is the one manufacturing cougars. its only compititor is humvee manufacturer armour holdings, which has its stock around 62. not saying FRPT would go that much, but the comapny has just broken even and egtting into profitability. this for me is long hold, atleast 1 year.
 
Posted by GhostRM on :
 
Malloy, where did you get back in?

$10 by end of this quarter.. wait until you see the financials. $15 EOY.
 
Posted by Malloy on :
 
Couldn't jump in this time...but happy you're all making money. I'm loading NXXI before they get their next PR out...hoping for some nice $ results from all their contracts with Walmart, etc.

Enjoy!
 
Posted by Jo4321 on :
 
woo hoo! $5.08. $1.00 gain!

Jo
 
Posted by GhostRM on :
 
$5.09.. and the PR is still not out!!! Institutions will buy now.
 
Posted by GhostRM on :
 
Dipping now.. if you wanted to buy, here's your chance.
 
Posted by Jo4321 on :
 
News|Significant News|Conference Calls
bell-wether-report.com: BWR Mid-Day Alert for June 1st 2006
1:50 p.m. 06/01/2006 Provided by

Jun 01, 2006 (M2 PRESSWIRE via COMTEX) -- Bell-wether Report is the leading small-cap online financial newsletter in the markets today. We strive to identify aggressive growth opportunities at the earliest stages, and over the coming weeks we will be tracking the following companies. B-Teller (OTCPK:BTLI), Industrial Enterprises of American (ILNP), Patriot Scientific Corp (PTSC), and Force Protection (FRPT) .

Force Protection is trading up 21% on much higher than average volume. The company and subsidiaries engages in the design, manufacture, and marketing of mine and blast protected vehicles in the United States and South Africa. FRPT also broke through a new 52 week high, and is trading at $4.97.

More information about B-Teller can be viewed at www.bankteller.co.uk . Bellwether Report will be continuing our research on this company over the coming weeks as they progress in their industry. Updates can be viewed at www.bellwetherreport.com .

To review research on small cap opportunities or research on B-Teller, as well as many more exciting articles we encourage you to visit www.bellwetherreport.com . You can find these reports under the "Today's Articles" section. No credit Card Needed!! The Bellwether Report will continue to research all of the markets to bring you exciting opportunities!! If you are interested in receiving more information on these small or large cap opportunities as well as other features of our site, feel free to sign up for a complimentary subscription to the #1 online investment tool www.bellwetherreport.com .

Companies looking to advertise with Bellwether Report should email jlee*bellwetherreport.com with the subject line (Advertising).

All material herein was prepared by the Bellwetherreport.com, (Bellwether) based upon information believed to be reliable. The information contained herein is not guaranteed by Bellwether to be accurate, and should not be considered to be all-inclusive. The companies that are discussed in this opinion have not approved the statements made in this opinion. This opinion contains forward-looking statements that involve risks and uncertainties. This material is for informational purposes only and should not be construed as an offer or solicitation of an offer to buy or sell securities. Bellwether is not a licensed broker, broker dealer, market maker, investment banker, investment advisor, analyst or underwriter. Bellwether Report has been compensated two hundred and seventy five thousand shares of B-Teller and have sold forty thousand shares to date. Please consult a broker before purchasing or selling any securities viewed on or mentioned herein. Bellwether may receive compensation in cash or shares from independent third parties or from the companies mentioned.

Bellwether's affiliates, officers, directors and employees may also have bought or may buy the shares discussed in this opinion and may profit in the event those shares rise in value.

Bellwether will not advise as to when it decides to sell and does not and will not offer any opinion as to when others should sell; each investor must make that decision based on his or her judgment of the market.
 
Posted by GhostRM on :
 
Even the Bellweather report is unaware of why this is risen!! Wait until a PR comes out.. BOOM.
 
Posted by Jo4321 on :
 
I raised my buy to $4.85 and STILL didn't get in on that last dip.

After the news, we should see another huge jump.

Jo
 
Posted by GhostRM on :
 
PR has to be put out by BAE first before FRPT releases its own... so no PR probably until tomorrow AM.
 
Posted by Jo4321 on :
 
Hmmm, big dip here. Profit takers. I bought some more!

Jo
 
Posted by GhostRM on :
 
Daytraders exiting, that's all. This stock is not meant to fly... but slowly climb up. We'll see $10 by EOQ.
 
Posted by ruskin_muskin on :
 
heres the report by independent analyst


Marc Robins, CFA June 1, 2006
Force Protection, Inc. (Nasdaq, SC: FRPT.OB--$4.08) Disclosures 1, 4A, 6, 10
See last page for disclosures
Yesterday, on the DefenseLink News, the US Army announced that it had awarded BAE Systems Land &
Armaments, PL of York, Pennsylvania the first $180 million segment of a multi-year, $445 million fixedprice
contract for 378 Iraqi Light Armored Vehicles. This is the major contract partnership between “a
major military armament supplier and FRPT” that we have been waiting for since our visit in late April.
Interestingly, the nature of this contract is the US Administrations efforts to arm and properly prepare the
Iraqi Police/Military to support itself in preparation of pulling out our troops. Hence, the intent of the
contract and the speed and urgency that it was let supports the administration’s efforts to prepare that
nation as quickly as possible to minimize the effects of the conflict in preparation for the 2007
presidential elections.
This contract—named to BAE at this time only—provides FRPT some very substantial benefits even
though the dollar amount may not be as great as we originally believed. But you measure the effects:
• The total contract involves the production of 1,500 trucks. These are FRPT designed, “Cougar”
vehicles with the Company maintaining its ownership rights to the design while receiving a
license fee from BAE for each unit they produce.
• Of the production value, 70% of the gross dollars go to BAE in order to use the larger Company’s
buying power strength and to lower the SG&A load to better minimize the cost and compete for
the bid.
• Despite the dollar differential, the contract provides for FRPT to receive nearly the kind of
margin that is allowed by the Government on all of the Company’s other vehicles despite the
“slimmed-down,” and lower cost design.
• FRPT also receives all the post delivery service, support and parts business tied to the ILAV
contract. This typically higher-margined business runs the duration of the initial contract and
further extends through a five-year, follow-up contract as well.
We think this announcement really changes the entire perspective from which FRPT should be examined
by investors. Their trucks will heavily populate Iraq in short order essentially making “Cougar” a
household name within the world’s military establishments. It certainly should establish it as a household
name here in the US as the domestic press focuses on the dangers and deaths tied to IEDs. Separately, the
crutch that BAE provides, financially and from a production stand-point, removes many of the risks that
have been associated with the company to date.
Separately, we have learned that management believes there is roughly $2 billion of FRPT-like truck
vehicles to be contracted out over the next two years. This means to us that the Company has a much
more stable financial and operating framework from which to operate and that it faces a substantial
demand curve given the improving status of its designs and the needs of the US military.
 
Posted by ruskin_muskin on :
 
http://catalystresearch.biz/files/FRPT_MN_06_01_06_2_.pdf
 
Posted by Taylor1007 on :
 
Thanks for the report ruskin.

It is good to see they are trying to attract corporate visibility in the financial marketplace...
 
Posted by Taylor1007 on :
 
Can the title of this tread be updated?
 
Posted by BuyTex on :
 
sure...ask Webmaster: preferable to starting new thread and losing/misplacing in-thread DD
 
Posted by GhostRM on :
 
Still on the SHO list (8 days now), rated a BUY by AB, rated a 100% BUY by barcharts... and STILL, no PR.
 
Posted by GhostRM on :
 
4.76 x 4.81... gapping up... PR this afternoon.
 
Posted by knicks321 on :
 
GhostRM with a PR today, man this is going to be nice
 
Posted by Jo4321 on :
 
OTCPicks.com: Daily Market Movers Digest Stock Alerts, Friday, June 2nd, FRPT, SOEN, DALRQ, CHYS, CPTC


By M2
Last Update: 6/2/2006 8:04:15 AM Data provided by

Jun 02, 2006 (M2 PRESSWIRE via COMTEX) -- Today our stock watch alerts today include stock alerts for Force Protection, Inc. (FRPT), Solar EnerTech (SOEN), Delta Air Lines, Inc. (DALRQ), Charys Holding Company, Inc., (CHYS), and Composite Technology Corporation (CPTC).

OTC STOCK ALERTS

FORCE PROTECTION, INC. (FRPT) "Up 14.71% at close on Thursday"

Detailed Quote: http://www.otcpicks.com/quotes/FRPT.php

Force Protection, Inc. (FRPT) and subsidiaries engages in the design, manufacture, and marketing of mine and blast protected vehicles in the United States and South Africa. Its products include The Buffalo, designed principally for route clearing activities; and The Cougar, a light weight vehicle that is used for urban patrol, route clearance support, utility transport, and special unit activities. It primarily serves the United States Army and the United States Marine Corps. The company was founded as Boulder Capital Opportunities III in 1996 and is headquartered in Ladson, South Carolina.
 
Posted by Taylor1007 on :
 
BAE Systems still has not release their PR.
Will they release a major PR. on a friday?
Monday maybe?
 
Posted by GhostRM on :
 
Maybe Monday... but I'm hearing this afternoon.
 
Posted by Taylor1007 on :
 
GhostRm
Didn't your hear the CEO might be on Cramer?
 
Posted by GhostRM on :
 
I heard that rumor but Cramer doesn't do OTC stocks... and BAE is a British company, so I doubt he would interview them.
 
Posted by knicks321 on :
 
whats happening?
 
Posted by knicks321 on :
 
and now the market makers win
 
Posted by Taylor1007 on :
 
Down She Go's...
I love it, I got in really high yesterday.
Now I can get some lower $ shares...
Oh Happy Day..
 
Posted by Jo4321 on :
 
Dang, yesterday I had a buy in for this level. But I cancelled that one and got in at $4.79.

My timing stinks. But I'm not worried about this one, it will rise again.

Jo
 
Posted by GhostRM on :
 
Rumor of a BAE buyout..
 
Posted by knicks321 on :
 
where did u hear that rumor at?
 
Posted by GhostRM on :
 
RB
 
Posted by Taylor1007 on :
 
What is RB?
 
Posted by Taylor1007 on :
 
Skip I got it. Ra**** Bu**
 
Posted by Jo4321 on :
 
I went over there to RB and checked it out. That isn't even a rumor, it's more like wild speculation. Just folks saying things liked "I smell a buyout". "I am predicting that BAE will be announcing the contract award and the buyout of FRPT"

Jo
 
Posted by GhostRM on :
 
That rumor is based on a few facts:

1. No PR yet by BAE - why? Are they buying up shares, or negotiating with FRPT?
2. More plausible - FRPT is a small company with great ideas. Guess what - companies like that, especially in the defense contractor industry, do not last. They get gobbled up.
 
Posted by Taylor1007 on :
 
Did you not read the:
New Research Available on Force
Protection, Inc., OTCBB:FRPT

It is dated JUNE 1 2006. I don't think FRPT would released a research report with out some kind of hint...

The report says possable 2BILLION in cotracts over the NEXT 2 YEARS..
 
Posted by Taylor1007 on :
 
Oop's
Report from:
Catalyst Financial Resources assists
small-cap companies gain reputable
recognition in the financial marketplace.
Our system of services is designed to
benefit both small-cap companies and
investors alike. We focus on companies
undervalued and under-followed, yet
deserving of attention.
 
Posted by GhostRM on :
 
Yep, read it.

Marc Robins, CFA June 1, 2006
Force Protection, Inc. (Nasdaq, SC: FRPT.OB--$4.08) Disclosures 1, 4A, 6, 10
See last page for disclosures
Yesterday, on the DefenseLink News, the US Army announced that it had awarded BAE Systems Land &
Armaments, PL of York, Pennsylvania the first $180 million segment of a multi-year, $445 million fixedprice
contract for 378 Iraqi Light Armored Vehicles. This is the major contract partnership between “a
major military armament supplier and FRPT” that we have been waiting for since our visit in late April.
Interestingly, the nature of this contract is the US Administrations efforts to arm and properly prepare the
Iraqi Police/Military to support itself in preparation of pulling out our troops. Hence, the intent of the
contract and the speed and urgency that it was let supports the administration’s efforts to prepare that
nation as quickly as possible to minimize the effects of the conflict in preparation for the 2007
presidential elections.
This contract—named to BAE at this time only—provides FRPT some very substantial benefits even
though the dollar amount may not be as great as we originally believed. But you measure the effects:
• The total contract involves the production of 1,500 trucks. These are FRPT designed, “Cougar”
vehicles with the Company maintaining its ownership rights to the design while receiving a
license fee from BAE for each unit they produce.
• Of the production value, 70% of the gross dollars go to BAE in order to use the larger Company’s
buying power strength and to lower the SG&A load to better minimize the cost and compete for
the bid.
• Despite the dollar differential, the contract provides for FRPT to receive nearly the kind of
margin that is allowed by the Government on all of the Company’s other vehicles despite the
“slimmed-down,” and lower cost design.
• FRPT also receives all the post delivery service, support and parts business tied to the ILAV
contract. This typically higher-margined business runs the duration of the initial contract and
further extends through a five-year, follow-up contract as well.
We think this announcement really changes the entire perspective from which FRPT should be examined
by investors. Their trucks will heavily populate Iraq in short order essentially making “Cougar” a
household name within the world’s military establishments. It certainly should establish it as a household
name here in the US as the domestic press focuses on the dangers and deaths tied to IEDs. Separately, the
crutch that BAE provides, financially and from a production stand-point, removes many of the risks that
have been associated with the company to date.
Separately, we have learned that management believes there is roughly $2 billion of FRPT-like truck
vehicles to be contracted out over the next two years. This means to us that the Company has a much
more stable financial and operating framework from which to operate and that it faces a substantial
demand curve given the improving status of its designs and the needs of the US military.
 
Posted by Taylor1007 on :
 
Read the fine print FRPT paid for this report. This completely normal for emerging companies. I believe FRPT would have made some kind of mention of such a huge possibly. They droped the big hint at the end.
"Separately, we have learned that management believes there is roughly $2 billion of FRPT-like truck
vehicles to be contracted out over the next two years."
 
Posted by Repoman75 on :
 
Jo, are you still in this? You didn't sell did you? I told you, hold tight!
 
Posted by Jo4321 on :
 
No, I didn't sell. Kind of wish I would have sold half at the $5.00 mark yesterday instead of buying more at 4.79!

But yeah, I'm still with you (and your alter-ego)

Jo
 
Posted by Taylor1007 on :
 
Has anybody tryed to call FRPT?
 
Posted by Repoman75 on :
 
Yeah, people have and they said they need to wait for BAE to release PR first.
 
Posted by Taylor1007 on :
 
Thanks
Repoman...
 
Posted by Jo4321 on :
 
Just came back to check the EOD. Am I seeing this right, the low was $3.95??

Was anyone lucky enough to buy in at that level?

Glad to see it recovered. Red for the day, but not too bad.

Jo
 
Posted by Repoman75 on :
 
3.95 was a bad fill... never got lower than 4.36 or something.

Monday should be good.
 
Posted by ruskin_muskin on :
 
man... the more i see this company, the more i want to sell all my stake in other companies and put the money into this. only thing is i want to see if it can go any lower, around 4.5 range. already half of my portfolio is filled with frpt. i hope to make it full, and get 100% return for next month.. booyah!! herez more news.

Graham and Levin lead fight on Cougar
By Roxana Tiron

Some powerful members of the South Carolina and Michigan delegations are throwing their weight behind a blast-protective vehicle that has become increasingly popular with the Marine Corps and Army, trying to protect troops from roadside bombs in Iraq.

The vehicle, known as the Cougar — a “hulking beast of a truck,” as the Marines like to call it — is the product of a small business, Force Protection Industries Inc., in Ladson, S.C.

Force Protection has grown from a nine-person company in 2003 to about 365 employees today.

But with rapid success also comes the age-old question of how to keep a steady flow of Pentagon orders so that the company can keep its beefed-up work force and its production lines in operation. Starting and stopping production repeatedly can hurt a small company, said Michael Aldrich, the company’s vice president.

“We would like a little more visibility of where the train is going before you are on it,” he said.

That is where Sens. Lindsey Graham (R-S.C.) and Carl Levin (D-Mich.) came to the company’s rescue as the Senate Armed Services Committee marked up the 2007 defense authorization bill.

Spartan Chassis Inc. in Michigan, a subsidiary of Spartan Motors, builds the chassis for the Cougar. With support from committee Chairman John Warner (R-Va.) and Levin, the panel’s ranking member, Graham inserted a provision to add $100 million to the Navy’s procurement budget to buy the Cougar and its larger, brother vehicle, the Buffalo, used for mine clearance.

As soon as Force Protection found out that the Cougar and Buffalo did not receive money in the House version of the 2007 defense authorization bill, “we ran to Senator John Warner [chairman of the Senate panel] and Senator Levin,” Aldrich said. The extra money can buy up to 150 vehicles, according to the company.

The $100 million extra in the Senate coincided with a $50 million Pentagon award for 79 more Cougar vehicles. The contract includes field support, training and spare parts.

The company received a contract for 27 Cougars for the Marine Corps in April 2004. That was followed by a Pentagon contract for 122 vehicles for all services in May 2005.

But the company still has to make sure that the $100 million it received from the Senate will stay as part of the conference report between the two chambers.

It is in the appropriations process where the test lies for the small company. To boost its image on the Hill, the company hired Congressional Strategies LLC in February, according to lobby registration filings. And Aldrich is in Washington this week meeting with lawmakers.

While Force Protection has some strong supporters in the Senate, it also has at least one champion in the House: Rep. Joe Wilson (R-S.C.), a member of the House Armed Services Committee. Wilson told The Hill that he plans to write a letter to the Defense Appropriations Subcommittee to raise the issue and ensure funding for more Cougars.

“It works, and it is protecting American lives. It enhances our ability to travel anywhere and anytime,” said Wilson. He has visited the company’s plant in Ladson, where he was allowed to drive one of the vehicles. He also visited the maintenance depot in Balad, Iraq, he said.

The Cougar “jumps out at you as very innovative. If you were a bad guy, it would be very intimidating to see this,” Wilson said.

The Cougar is much larger than a Humvee and has heavier armor. Its success is attributed to its V-shaped hull, designed to withstand mine blasts.

“More than 100 of them are deployed and there have been no deaths, and it is due to their V-shape design,” Wilson said. He said the $100 million is “crucial” to keep the Cougar production line in place.

As the company is pushing to receive the extra $100 million, it is also vying for a lucrative contract for the so-called Iraqi Light Armored Vehicle.

The U.S. Army Tank Automotive and Armaments Command is planning to award a contract by the end of May. The contract can go up to 765 vehicles, Aldrich said.

The company has teamed up with BAE Systems to share the production of the vehicles, should it receive the contract. General Dynamics Land Systems is also competing for the contract. Others potentially vying for it are Textron, Oshkosh, Steward & Stevenson, Krauss Maffei and Armoured Technology Systems.

If Force Protection does not receive the contract for the Iraqi vehicles it plans to rely on the Army’s plan to buy 250 Buffalo vehicles between 2007 and 2009, Aldrich said.

and the final bottom line is: it did get the contract!!!
 
Posted by Taylor1007 on :
 
8-k is Out!!!!!!!!
 
Posted by Jo4321 on :
 
From the 8K

quote:
Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934

Date of Report (Date of earliest event reported) May 30, 2006

FORCE PROTECTION, INC.

--------------------------------------------------------------------------------

ITEM 1.01 ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT.

On May 31, 2006 the U.S. Army Tank-Automotive and Armaments Command (?TACOM?)
awarded BAE Systems Land & Armaments L.P. of York, Pa (?BAE?) a delivery order
in the amount of $180,503,000 as part of a $445,439,000 firm-fixed-price
contract for the production and delivery of 378 Iraqi Light Armored Vehicles
(?ILAV?) to be delivered to the Iraqi National Army. Force Protection Industries
(?FPI?) has an agreement with BAE pursuant to which FPI will license to BAE the
use of FPI?s Cougar vehicle as the basis for the ILAV design, and will act as
BAE?s principal subcontractor to provide the manpower and other resources needed
to produce 50% of the vehicles in Ladson South Carolina. FPI shall also provide
100% of the after sales service and support required under the TACOM agreement.
FPI is in the process of finalizing the detailed terms and conditions of the
subcontract with BAE, which will have an estimated value to FPI of approximately
$55,000,000.

This report may contain forward-looking statements that involve risks and
uncertainties. We generally use words such as ?believe,? ?may,? ?could,?
?will,? ?intend,? ?expect,? ?anticipate,? ?plan,? and similar expressions to
identify forward-looking statements. You should not place undue reliance on
these forward-looking statements. Our actual results could differ materially
from those anticipated in the forward-looking statements for many reasons,
including the risks described below and elsewhere in this report. Although we
believe the expectations reflected in the forward-looking statements are
reasonable, they relate only to events as of the date on which the statements
are made, and our future results, levels of activity, performance or
achievements may not meet these expectations. We do not intend to update any of
the forward-looking statements after the date of this document to conform these
statements to actual results or to changes in our expectations, except as
required by law.

2


--------------------------------------------------------------------------------

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.

Force Protection, Inc.
(Registrant)

Date June 2, 2006

/s/ GORDON MCGILTON
(Signature)

Print Name: Gordon McGilton
Title: Chief Executive Officer


 
Posted by Taylor1007 on :
 
I bet they make more on Parts & Service, than the orginal sell...$
Plus the partner ship positions FRPT for other larger contracts...$
 
Posted by Repoman75 on :
 
$10 by EOY
 
Posted by Taylor1007 on :
 
I think by EOM...
 
Posted by Repoman75 on :
 
We should see a PR today.
 
Posted by Repoman75 on :
 
Force Protection Continues to Set Production Records in May
Monday June 5, 8:18 am ET


LADSON, S.C.--(BUSINESS WIRE)--June 5, 2006--Leading armored vehicle producer Force Protection, Inc. (OTCBB:FRPT - News) has continued its record-setting production performance for the seventh straight month. The manufacturer presented 20 Cougar Joint Explosive Ordnance Disposal Rapid Response Vehicles (JERRV) to the U.S. government in the month of May.

"Our ramped-up deliveries began in November 2005, and the sustainable rate we sought then is evident yet again," said CEO Gordon McGilton. "We receive constant communication from troops in the field that these vehicles are saving lives. Their safety has been and will continue to be the driving force behind our efforts to meet demand for this critically-needed equipment."

The First Marine Expeditionary Force was the first to use the Cougar vehicle in Iraq in 2004. It has since been requested by all branches of the military to protect EOD teams and other first responders tasked with disarming IEDs and roadside bombs.
 
Posted by Repoman75 on :
 
4.70 x 4.75
 
Posted by ruskin_muskin on :
 
this shall run hard today IMO..
 
Posted by Repoman75 on :
 
I actually don't think so... probably close in the 4.80's... slow and steady.
 
Posted by Repoman75 on :
 
Here comes $5... where's Jo? Don't flip Jo! $6 to $7 over the next 2 weeks.
 
Posted by RichBy26 on :
 
looks like a good play, charts are very bullish. News pushing this up very nicely. I'm in with 4,100 shares, just wish I would have bought back win this puppy was $2!!
 
Posted by Repoman75 on :
 
Rich, I'm in LONG, very large at 3.39, so I have no worries. But I originally had my sell in at $10, pushed it up to $15. Just hold long and check back in Aug., and see where your shares are.
 
Posted by RichBy26 on :
 
thanks repo, normally I'm a trader, I love flipping for gains. But, I agree with you on your long hold position for this stock. I think I will tuck it away and see what happens. All the best to you
 
Posted by knicks321 on :
 
BAE SYSTEMS Awarded $180 Million Contract to Manufacture Iraqi Light Armored Vehicles

By BusinessWire
Last Update: 6/5/2006 3:11:01 PM
Data provided by

YORK, Pa., Jun 05, 2006 (BUSINESS WIRE) -- BAE Systems has received a $180 million Foreign Military Sales contract to manufacture 378 Iraqi Light Armored Vehicles from the U.S. Army Tank-automotive and Armaments Command.

BAE Systems, as prime contractor, along with subcontractors Force Protection, Inc., based in Ladson, S.C., and Spartan Chassis, Inc., headquartered in Charlotte, Mich., will manufacture, test and provide logistics support for wheeled Iraqi Light Armored Vehicles.

The 4x4 Iraqi Light Armored Vehicles are similar to the proven Cougar armored vehicles, and include a V-shaped hull designed to deflect the force of explosions away from passengers.

"We are pleased to apply the resources of BAE Systems as a major defense contractor to the rapid manufacture of a proven vehicle design that will provide a survivable, mobile, capable light armored vehicle to the customer," said Ted Wright, Vice President of Strategic Development for BAE Systems. "This vehicle expands BAE Systems' commitment to protecting American and allied troops in Iraq."

The total value of the Indefinite-Delivery/Indefinite-Quantity contract could reach $445.4 million and 1,050 vehicles, if all options are exercised.

Work on the contract will begin immediately with deliveries scheduled to continue through May 2007.

About BAE Systems

BAE Systems is the premier transatlantic defense and aerospace company delivering a full range of products and services for air, land and naval forces, as well as advanced electronics, information technology solutions and customer support services. BAE Systems, with more than 100,000 employees worldwide, had 2005 sales that exceeded $28 billion in 2005.

About Force Protection, Inc.

Force Protection, Inc. (FRPT) is the world's leading manufacturer of ballistic- and blast-protected vehicles, which have been used to support armed forces and security personnel in Iraq, Afghanistan, Kosovo and other hot spots around the globe.

About Spartan Chassis, Inc.

Spartan Chassis, Inc. (http://www.spartanchassis.com) is a subsidiary of Spartan Motors, Inc. and is a leading developer and manufacturer of custom chassis for recreational vehicles, fire trucks and military vehicles. The company has a reputation for high quality, value, service and being the first to market with innovative products. Spartan Motors is publicly traded in the NASDAQ Stock Market under the ticker symbol SPAR. Spartan Motors also manufactures emergency rescue vehicles under the brand names of Crimson Fire and Road Rescue.

SOURCE: BAE Systems
 
Posted by Jo4321 on :
 
I'm still here Repoman. I have a sub job this week, so can only check at lunch and right after school. I am happy to see the news that just came out.

I am holding for the most part, but I am going to sell some shares at $5.50 since that would be more than double my money.

Jo
 
Posted by Repoman75 on :
 
U.S. ARMY ADDS MINE-CLEARING CAPABILITY – The U.S. Army is planning to permanently incorporate three mine-clearing vehicles now in temporary use in Iraq into its force structure starting in 2008.
The Buffalo mine resistant vehicle, the Meerkat Interim Vehicle Mounted Mine Detector (IVMMD) system and the RG-31 Nyala armored personnel carrier will be introduced in the Army’s route clearance companies, said Colonel Daniel Wolfe, director of the Spiral Developments Division at the Army’s Training and Doctrine Command.
Under the new plans, two of each type of vehicle will be incorporated into each company. Col Wolfe said: “This is viewed as complementary to the [Future Combat Systems] program for the Army’s future.
The vehicles have been in use in Iraq since 2003 and U.S. commanders there say the vehicles have been useful. The need was so great that the formal requirements documents were drafted in record time.
Industry officials said that the Army requested funding for 22 route clearance companies but that the Department of Defense has allotted funding for only 12. (Source: Jane’s Defense Weekly
 
Posted by Evil Empire on :
 
that buffalo mine resistant vehicle looks badass..oops now ive become pumper hahaha ! nice work on the frpt front repo thanks.
 
Posted by Repoman75 on :
 
I would like to see the Cougar go commercial.. put the Hummer to shame.
 
Posted by Evil Empire on :
 
that would be cool a pimped out jet black couger
 
Posted by Jo4321 on :
 
Speaking of the hummer....there's a little tidbit hidden in a news article that could be awesome news for FRPT come November. Possible contract to build replacement vehicles for Humvees!! THIS IS STILL A GROUND FLOOR OPPORTUNITY.
quote:

"The Cougar has opened the door for other possibilities," Landis said. "Here you have a completely armored vehicle that serves a great purpose and need in Iraq. It has provided a way ahead for us to look at other possibilities for a utility vehicle."

Those possibilities include vehicles to move cargo and troops, he said.

Force Protection is working on a prototype, dubbed the Mover, for a planned replacement of the Humvees used by the military.

The government will put out a request for proposals in November with production expected to start in 2008, said Phillips, who estimated there are about 15,000 Humvees now in service.

The entire article, which is dated June 3, 2006, can be found here.
Three years on, hundreds make mine-protected vehicles

Jo
 
Posted by Repoman75 on :
 
Jo, already in the works....
 
Posted by Jo4321 on :
 
Not sure I understand what you are saying "it's already in the works" if they aren't getting bids until November of this year. Or am I reading this wrong?

quote:
The government will put out a request for proposals in November with production expected to start in 2008, said Phillips, who estimated there are about 15,000 Humvees now in service.

 
Posted by ArmySGT on :
 
thats means to me go buy more shares, believe me this vehicle is definitely worth it and yes I am pumping it because from my view it kept me in this forum posting !!! I am buying into this when i get paid, damn wife is holding my funds thanks to PGPM! lol
 
Posted by Repoman75 on :
 
Read this and see why some of know we will make mucho moola off this stock.

http://www.defenseindustrydaily.com/2006/06/bae-delivering-a-cougar-variant-for- iraqs-4454m-ilav-contract/index.php
 
Posted by Egg Inspector on :
 
CHARLOTTE, Mich., June 6, 2006 /PRNewswire-FirstCall via COMTEX/ -- Spartan Chassis, Inc., a subsidiary of Spartan Motors, Inc. (SPAR), today announced it has secured a role through BAE Systems to supply and integrate key chassis components and assist in the manufacturing of 378 Iraqi Light Armored Vehicles. The expected order placed with Spartan Chassis will be worth approximately $45 million.

The prime procurement contract, worth $180 million, was awarded by the U.S. Army Tank-automotive and Armaments Command (TACOM) on May 30, 2006, to BAE Systems. Force Protection, Inc., a Charleston, S.C.-based manufacturer of ballistic and mine-protected military vehicles and current customer of Spartan, will also be awarded a subcontract order for the vehicles.

"This new vehicle is based on a proven design, and we are pleased to put our specialty vehicle chassis expertise to work in supporting the new Iraqi military and in protecting American and allied troops in Iraq," said Richard Schalter, president of Spartan Chassis. "This contract reinforces our growth as a leader in specialty chassis and expands our product breadth in the military business, which continues to become a larger part of our overall business."

The Iraqi Light Armored Vehicles are similar to the Cougar armored vehicles and include Force Protection's V-shaped hull designed to deflect the force of explosions away from passengers inside the armored hull. Spartan reported it will begin work on the contract in June 2006 and expects to complete the contract by May 2007.

According to a recent announcement by BAE Systems, if all options are exercised under this Indefinite-Delivery and Indefinite-Quantity contract, the contract could call for BAE Systems to produce 1,050 vehicles.

"This contract is in line with Spartan Motors' vision of becoming North America's premier manufacturer of specialty vehicles and chassis, as it strengthens our strategic foundation in three markets -- emergency-rescue vehicles, recreational vehicles and military vehicles," said John Sztykiel, president and CEO of Spartan Motors.

In May 2006, Spartan announced a subcontract order from Force Protection to supply and integrate key chassis components and assist in the manufacturing of 45 Cougar Joint Explosive Ordnance Disposal Rapid Response Vehicles (JERRV) for use by the U.S. Marine Corps.

"The new opportunities being created by Spartan Motors mark a tremendous investment in our region's economic future," said U.S. Congressman Joe Schwarz, (R-Battle Creek, Mich.). "Our state would do well to build on this momentum and continue pursuing policies that make Michigan the best place, bar none, to invest and create jobs."

About Spartan Chassis, Inc.:

Spartan Chassis, Inc. (http://www.spartanchassis.com ), a subsidiary of Spartan Motors, Inc. (SPAR), is a leading developer and manufacturer of specialty chassis for recreational vehicles, fire trucks and military defense vehicles. Spartan Motors (http://www.spartanmotors.com ), which also manufactures emergency rescue vehicles under the brand names of Crimson Fire, Crimson Fire Aerials and Road Rescue, reported sales of $343.0 million in 2005 and is focused on becoming the premier manufacturer of specialty vehicles and chassis in North America.

About BAE Systems

BAE Systems is the premier transatlantic defense and aerospace company delivering a full range of products and services for air, land and naval forces, as well as advanced electronics, information technology solutions and customer support services. With more than 100,000 employees worldwide, BAE Systems sales exceeded $28 billion in 2005.

About Force Protection, Inc.:

Headquartered near Charleston, South Carolina, Force Protection, Inc. (FRPT) manufactures ballistic and mine protected vehicles through its subsidiary. These specialty vehicles are designed to offer significant protection against landmines, hostile fire and IEDs. For more information about Force Protection, visit http://www.forceprotectioninc.com .
 
Posted by Egg Inspector on :
 
The prime procurement contract, worth $180 million, was awarded by the U.S. Army Tank-automotive and Armaments Command (TACOM) on May 30, 2006, to BAE Systems.


FRPT's part....

Force Protection, Inc., a Charleston, S.C.-based manufacturer of ballistic and mine-protected military vehicles and current customer of Spartan, will also be awarded a subcontract order for the vehicles.
 
Posted by Repoman75 on :
 
That's still not FRPT's official PR... I'm still curious as to why it hasn't come out.
 
Posted by Repoman75 on :
 
A Message from Gordon McGilton, Chief Executive Officer

The war in Iraq has brought to the forefront of America's consciousness the deadly threat that improvised explosive devices (IEDs), roadside bombs and land mines pose to our servicemen and women. These lethal devices have become household names in describing the war on terror.

Force Protection's proven solutions to counter these threats -- the Buffalo route clearance and Cougar troop transport vehicle series -- have been tested thoroughly under the most demanding conditions. Because of the cutting-edge blast- and ballistic-protection technology they incorporate, not a single fatality has been reported since the vehicles were first deployed in 2003.

Force Protection has grown dramatically as a result. With a current workforce of nearly 400 and a backlog of vehicle contracts of more than $100 million in 2006, the company has made remarkable strides as it has evolved from a small start-up organization to an assembly line manufacturer.

Realistically, the weapons being used in Iraq and Afghanistan will be faced by our troops around the world for decades to come. It is essential, therefore, that the life-saving technology we produce be available to U.S., Coalition, and domestic security forces in ever-increasing numbers.

By teaming with other established organizations in the defense industry, we will ensure that the production of this solution meets demand, and that these vehicles continue to fill their vital role.

Our commitment to constant improvement -- both of our production processes and our protective technology -- as well as our combined efforts with other leading manufacturers will expand production of these vehicles in the numbers and quality necessary to save lives today, and in the years ahead.

This combination of resources will pay benefits in greater availability of vehicles for our troops in harms' way and these alliances will increase our company's sources of revenue. This "making larger the pie that is available to us" strategy is another way to increase the value to the shareholders and other stakeholders of Force Protection. These decisions increase our penetration into the market that we have chosen and give our products an even larger footprint within the arsenal of vehicles of the Department of Defense.

It is our intention to pursue additional opportunities of this kind in the future in order to continue to grow and prosper.
 
Posted by Repoman75 on :
 
By ANDREW TAYLOR, Associated Press Writer

WASHINGTON - House and Senate Republican leaders Thursday finalized agreement on a long-sought $94.5 billion bill to pay for the war in Iraq and deliver a much-needed infusion of relief to Louisiana and other hurricane-ravaged Gulf Coast states.

The bill won't clear Congress for President Bush's desk until next week, but the official submission of the deal eases Pentagon worries of a money crunch caused by weeks of delays in creating a compromise bill.

GOP leaders overcame the last snag to agreement — insistence by two Senate GOP moderates that the bill include a promise to increase future spending on education and health programs — by winning endorsement from Democratic Sens. Mary Landrieu of Louisiana and Daniel Inouye of Hawaii.

The bill includes $65.8 billion for military operations and maintenance in Afghanistan and Iraq; personnel and energy costs; new weapons and ammunition; and a $2 billion initiative to locate and disarm roadside bombs.

Lawmakers added funding to upgrade Abrams tanks and Bradley fighting vehicles for National Guard troops and nearly doubled the Pentagon request for new, better-armored Humvees.

The bill also contains $19.8 billion in new money for hurricane relief along the Gulf Coast, including housing aid and flood control projects for Louisiana, small business disaster loans, rebuilding federal facilities damaged by Hurricane Katrina and replenishing Federal Emergency Management Agency disaster relief coffers.

The agreement caps weeks of mostly behind-the-scenes talks on Capitol Hill over how to balance lawmakers' hopes for additional hurricane relief with Bush's demand that the bill stick to his original $92.2 billion request for Iraq and Afghanistan and hurricanes, with an additional $2.3 billion to combat bird flu.

The Senate-passed version of the bill had exceeded Bush's request by more than $14 billion, adding large sums for farm disasters, fisheries aid, veterans medical care, port security and to compensate Texas for taking on evacuees of Katrina.

Most of that extra money was dropped, as was $289 million to create a fund to compensate people if they were to be injured by a pandemic flu vaccine.

The last snag involved a demand by Senate leaders to use the must-pass war funding bill to get around a House-Senate impasse over the annual budget blueprint Congress is supposed to produce each year.

The measure endorses Bush's $873 billion "cap" on the annual appropriations bills Congress passes each year. Under Congress' arcane budget rules, setting a cap on appropriations bills makes them much easier to pass through the Senate.

But GOP Sens. Arlen Specter of Pennsylvania and Mike DeWine of Ohio sided with Democrats on a House-Senate negotiating committee to insist on $7 billion in additional money on top of Bush's $873 billion cap for the upcoming annual spending bills. The pair refused to endorse the war spending bill without the additional promises for the future bills.

They wanted to dedicate the $7 billion to health and education programs; the White House and House GOP leaders were dead set against the idea.

"Period," said House Majority Leader John Boehner, R-Ohio.

"These are things I care very much about, education and children's health issues," DeWine said. But DeWine and Specter were overruled when Inouye and Landrieu signed on to the agreement.

The $19.8 billion included in the bill for hurricane relief includes:

_$5.2 billion for grants to state, with $4.2 billion expected to go to meet Louisiana's housing recovery needs.

_$3.7 billion for federal flood control projects in the New Orleans area.

_$6 billion for the Federal Emergency Management Agency's disaster fund. That includes $400 million for temporary housing sturdier than FEMA trailers. The funds also go towards debris removal, reimbursing state and local governments for infrastructure repairs and direct aid to individuals.

_$500 million in farm disaster aid for Gulf states.

_$550 million to rebuild a veterans hospital in New Orleans.

The compromise bill includes Bush's plan to provide 1,000 more Border Patrol agents along the Mexican border, deploy about 6,000 National Guard troops and build detention space for 4,000 illegal immigrants.

The bill also contains $4 billion in military and foreign aid for Iraq and other allies, and to combat famine in Africa and Afghanistan and support U.N. peacekeeping missions in Sudan.
 
Posted by Repoman75 on :
 
More good DD:

Contracts,Backlog,Future Orders

Here's my summary of contracts/backlog for FRPT.

A. For 2Q06 (closing June 30, reporting August 15)
1) Deliver final 62 Cougar JERRV from 2005 122 unit contract. Estimate revenue $46.7 Mill (62/122*$92Mill)
2) Deliver 11-12 Buffalos from Feb 06 contract. $10-12Mill
3) Deliver in theatre support/parts, i.e. ILS, amount unclear.
Note: If estimates are met, 2Q06 revenue will exceed entire 05 revenue.

B. Backlog at start of 3Q06.
1) Remaining 6 or 7 Buffalos on Feb 19 unit delivery order. $6.5Mill
2) 48 JERRV Cougars to be delivered in 3Q, 4Q. $32Mill
3) Share of 378 unit ILAV order. $55Mill
4) 1 Cougar HEV. $400K. We can deliver it, now that they finished using it for the ILAV testing. Or maybe it will be a permanent demo unit.
5) ILS Contracts. $5Million for Buffalo spares,etc. Others?

C. Likely to be awarded as units from above contracts are near completion.
1) 22 more Buffalos as original contract was for up to 41. $18.7Mill. Based on lead times, this should be awarded soon.
2) 31 more Cougar JERRV as original contract was for up to 79. $18Mill
3) Balance of ILAV contract as contract is for up to 1050 vehicles. Assuming same revenue ratio, $81Mill. Likely spread over 07, 08
4) Additional ILS as number of vehicles in field keeps going up.

D. Likely contracts from supplemental that was just approved. May fund items in C.
1) $9Mill for more Cougars. (Specific line item)
2) A portion of $200Mill for additional Buffalos (specific line item for mine clearance convoys)
3) Possibly a portion of the $2B IED funding.

E. From 2007 Defense Budget
1) $100Mill specifically called out for Cougars and Buffalos

F. Vague Opportunities
1) References to 100's of Buffalos needed over the next 3 years or so. The Buffalo was recently officially made part of the FCS program for mine clearance.
2) Latest Catalyst report reference to $2B of vehicles that FRPT could bid in next two years. (Likely to be shared with BAE and maybe other partners)
3) MUV-R development funding/initial protos in 06. MUV-R volume contracts in 07. This could be huge!
4) Once US Congress sees Iraqi's getting Cougars, armored Humvees won't look like the safest vehicle for our troops. Congress may push funding our way. They gave twice the funding for armored humvees than the DoD had requested in the supplemental. Everyone wants to protect the troops.
5) NATO, UN, other countries orders as capacity is available.
6) In addition to Mine Resistance these are great Urban combat vehicles. Larger/longer term market than the Iraq IED issue.
7) Orders keep coming in as fast as production can ramp up.
8) Possibly units for Project Sheriff. (14 Cougars)

G. Production Capacity Hints of coming contracts
Prior to the ILAV award, a single line on a single shift for Cougars and a single line, single shift for Buffalos was enough to meet the backlog and 10Q projections. But execs and web site clearly showed plans for additional shifts and an additional line, confirming that more contracts are on the way. The ILAV will take some production capacity but significantly less than they are planning for.
 
Posted by Repoman75 on :
 
Coverage...

AUSTIN, Jun 09, 2006 (M2 PRESSWIRE via COMTEX) -- A very interesting indicator
to look for is where the money is flowing into. We have a filter that we watch
every morning that shows us "Dollar Volume". Here are a few of these stocks:
(OTCBB: SOLUQ), (OTCBB: FRPT), (OTCBB: SNMD), (OTCBB: DYMTF)

What is a STOCKUMENTARY? Visit the following link to find out:
http://www.*********.com/cdrom/aani/streaming .
For the three months ended 31 March 2006, Force Protection, Inc.'s revenues
totaled $34.8M, up from $5.9M. Net loss fell 83% to $666K. Revenues reflect
increased level of vehicle production primarily the result of JERRV contract and
increased revenue from the sale of spare parts. Lower loss reflects improved
gross margin due to the increasing efficiency of the manufacturing operations
and the company's cost efficiency.
 
Posted by Jo4321 on :
 
www. buy ins.net : MOVI, UTIX, DMED, FRPT Have Been On buy ins.net Naked Short List For 13 Consecutive Trading Days

By M2
Last Update: 6/9/2006 10:07:35 AM Data provided by

Jun 09, 2006 (M2 PRESSWIRE via COMTEX) -- [URL=http://www.buyins . net ,]www.**********,[/URL] announced today that these select companies have been on the NASDAQ, AMEX and NYSE naked short threshold list for 13 consecutive trading days: Movie Gallery, Inc. (MOVI), Utix Group, Inc. (UTIX), Diametrics Medical, Inc. (DMED), Force Protection, Inc. (FRPT). For a complete list of companies on the naked short list please visit our web site. To find the SqueezeTrigger Price before a short squeeze starts in any stock, go to www.**********.

Regulation SHO took effect January 3, 2005, and provides a new regulatory framework governing short selling of securities. It was designed with the objective of simplifying and modernizing short sale regulation and providing controls where they are most needed. At the conclusion of each settlement day, data is provided on securities in which: 1) there are at least 10,000 shares in aggregate failed deliveries for the security for five consecutive settlement days, and 2) these failures constitute at least 0.5% of the issuer's total shares outstanding. Regulation SHO mandates that, if a clearing agent has had a fail-to-deliver position for 13 consecutive settlement days, that clearing agent, and the broker/dealer it clears for, must purchase securities to close out its fail to deliver position.

Force Protection, Inc. (FRPT) and subsidiaries engages in the design, manufacture, and marketing of mine and blast protected vehicles in the United States and South Africa. Its products include The Buffalo, designed principally for route clearing activities; and The Cougar, a light weight vehicle that is used for urban patrol, route clearance support, utility transport, and special unit activities. It primarily serves the United States Army and the United States Marine Corps. The company was founded as Boulder Capital Opportunities III in 1996 and is headquartered in Ladson, South Carolina. With 38.73 million shares outstanding and an undisclosed short position, the failure to deliver in shares of FRPT has not been resolved and a buy-in is possible.

About **********

WWW.********** is a service designed to help bonafide shareholders of publicly traded US companies fight naked short selling. Naked short selling is the illegal act of short selling a stock when no affirmative determination has been made to locate shares of the stock to hypothecate in connection with the short sale. ********** has built a proprietary database that uses Threshold list feeds from NASDAQ, AMEX and NYSE to generate detailed and useful information to combat the naked short selling problem. For the first time, actual trade by trade data is available to the public that shows the attempted size, actual size, price and average value of short sales in stocks that have been shorted and naked shorted. This information is valuable in determining the precise point at which short sellers go out-of-the-money and start losing on their short and naked short trades.

********** has built a massive database that collects, analyzes and publishes a proprietary SqueezeTrigger for each stock that has been shorted, www.**********/squeezetrigger.pdf. The SqueezeTrigger database of nearly 800,000,000 short sale transactions goes back to January 1, 2005, and calculates the exact price at which the Total Short Interest is short in each stock. This data was never before available prior to January 1, 2005, because the Self Regulatory Organizations (primary exchanges) guarded it aggressively. After the SEC passed Regulation SHO, exchanges were forced to allow data processors like ********** to access the data.

The SqueezeTrigger database collects individual short trade data on over 7,000 NYSE, AMEX and NASDAQ stocks and general short trade data on nearly 8,000 OTCBB and PINKSHEET stocks. Each month the database grows by approximately 50,000,000 short sale transactions and provides investors with the knowledge necessary to time when to buy and sell stocks with outstanding short positions. By tracking the size and price of each month's short transactions, ********** provides institutions, traders, analysts, journalists and individual investors the exact price point where short sellers start losing money.
 
Posted by Repoman75 on :
 
FRPT is also on the IMMINENT BUYIN list.
 
Posted by Repoman75 on :
 
Force Protection Displays New Armored Vehicle at National Exhibitions
Monday June 12, 3:54 pm ET


FT. BRAGG, N.C.--(BUSINESS WIRE)--June 12, 2006--Force Protection, Inc. (OTCBB:FRPT - News) will demonstrate advances in its blast protection technology by putting the Mine-resistant Utility Vehicle/Rapid Response (MUV-R) on display in major national exhibitions. The MUV-R will be featured at the IED 2006 Symposium & Expo at the Crown Center Expo Center at Fort Bragg, NC on June 12-14 and the U.S. Special Operations Command (USSOCOM) Advance Planning Briefing to Industry (APBI) on June 19-22 in Tampa, FL.

The MUV-R is Force Protection's prototype vehicle offering for the Joint Light Tactical Vehicle (JLTV) program, which is intended to replace the current, aging HMMWV fleet. It incorporates similar protection levels as the manufacturer's other vehicle series, the Buffalo route clearance and Cougar troop transport vehicles, which have been deployed in Iraq and Afghanistan since 2003.

"The MUV-R has been observed by key decision-makers involved in the HMMWV replacement effort, beginning with the NATC Technology Rodeo in Nevada," said Force Protection CEO Gordon McGilton. "We have received universally positive feedback regarding the vehicle, with officials confirming that the MUV-R hit the nail on the head. We are excited to see what the future holds for this vehicle."

The MUV-R was one of a select group of vehicles presented at the NATC Rodeo. Force Protection was the only manufacturer asked to stay on-site an extra day to discuss details of the vehicle's construction and capabilities. The company has now been included in a small, select group of manufacturers asked for their input regarding the further development and definition of JLTV specifications.

"This is a major accomplishment for Force Protection to be consulted on the JLTV," said McGilton. "It validates the credibility that the company and its vehicles have earned both in testing and in combat."
 
Posted by Repoman75 on :
 
quote:
Originally posted by Jo4321:
Not sure I understand what you are saying "it's already in the works" if they aren't getting bids until November of this year. Or am I reading this wrong?

quote:
The government will put out a request for proposals in November with production expected to start in 2008, said Phillips, who estimated there are about 15,000 Humvees now in service.

Do you see now Jo?
 
Posted by Jo4321 on :
 
The way I understand it is that the "Mover" or "MUV-R" is hoped to be a replacement for Humvees, of which there are currently 15,000 in service.

But the bids for this contract are not being taken until November of this year for production in 2008. My understanding is that no contract has been awarded and FRPT is only producing a prototype right now. (which they will show off over the next two weeks)

Stock guru had a mentioned of FRPT today and more mention of the MUV-R.:
quote:

Stock guru. com: ********* Alerts for Tuesday, June 13, 2006 See Which Company Will Demonstrate Its Armored Vehicle While Another Gained 40.00% in a Single Day

By M2
Last Update: 6/13/2006 8:31:36 AM Data provided by

Dallas, Texas, Jun 13, 2006 (M2 PRESSWIRE via COMTEX) -- Stock Guru Pre-Market Updates for Tuesday include Cyberlux Corporation (CYBL), Force Protection, Inc. (FRPT), CDKnet.com, Inc. (CDKN) , BSI2000 Inc (BSIOE) , Soyo Group Inc (SOYO) and Dreams Inc (DRMS). ********* Price Alerts feature companies with significant moves in either volume or price in the past two trading sessions. In our update we analyze recent news about the companies featured and detail the movement in the stock. If you would like to feature your publicly traded company in our alerts or on Stock Guru.com, email feature*stock guru.com or call (469)252-3031.


Force Protection, Inc. (FRPT) - Shares declined 5.70% on Monday, at a price of $4.30 per share. Volume came in at 417,993. The company will demonstrate advances in its blast protection technology by putting the Mine-resistant Utility Vehicle/Rapid Response (MUV-R) on display in major national exhibitions. The MUV-R will be featured at the IED 2006 Symposium & Expo at the Crown Center Expo Center at Fort Bragg, NC on June 12-14 and the U.S. Special Operations Command (USSOCOM) Advance Planning Briefing to Industry (APBI) on June 19-22 in Tampa, FL. The MUV-R is Force Protection's prototype vehicle offering for the Joint Light Tactical Vehicle (JLTV) program, which is intended to replace the current, aging HMMWV fleet. "The MUV-R has been observed by key decision-makers involved in the HMMWV replacement effort, beginning with the NATC Technology Rodeo in Nevada," said Force Protection CEO Gordon McGilton. "We have received universally positive feedback regarding the vehicle, with officials confirming that the MUV-R hit the nail on the head. We are excited to see what the future holds for this vehicle."

Force Protection, Inc. manufactures ballistic- and mine-protected vehicles through its wholly owned subsidiary. These specialty vehicles are protected against landmines, hostile fire, and Improvised Explosive Devices (IEDs, commonly referred to as roadside bombs). Force Protection's mine and ballistic protection technology is among the most advanced in the world. The vehicles are manufactured outside Charleston, S.C.

For a quote and the latest news on this company, please visit: http://www.stock guru. com/profiles/frpt.php



 
Posted by captain america on :
 
Force Protection Technologies, Inc. Secures License to Develop Patented Blast Manipulation Technology

LADSON, S.C., Jun 15, 2006 (BUSINESS WIRE) --

Force Protection, Inc. (OTCBB:FRPT) today announced that its wholly owned subsidiary, Force Protection Technologies Inc., has signed an agreement with South Africa's Council for Scientific and Industrial Research focusing on a patented blast manipulation technology applicable to wheeled and tracked vehicles.

Under the agreement, which is pending regulatory approval from South Africa's Reserve Bank, Force Protection will have the sole right to perform research and development, conduct testing on any aspect of the technology, and market the product in countries around the world.

"The significance of this undertaking cannot be overstated, and we intend to fully exploit this opportunity," said Force Protection CEO Gordon McGilton. "Since the technology can be applied not only to our vehicles, but to virtually any wheeled or tracked vehicle, the potential size of the opportunity may actually exceed that of our vehicle market."

Under development for more than five years, this technology substantially reduces the effects of in-ground mines, bombs, and improvised explosive devices (IEDs) on vehicles. In addition, specially-outfitted tires and tracked-vehicle pads have also been proven to decrease the severity of blast damage and enable a faster return to full operation of a vehicle employing the technology. As with all of Force Protection's offerings, the outcome is: Survivability + Repairability = Protection Availability.

About the Council for Scientific and Industrial Research

Constituted by an Act of Parliament in 1945, the CSIR is one of the leading scientific and technology research, development and implementation organisations in Africa. It is situated in Pretoria and represented in each of the nine provinces of South Africa . CSIR undertakes and applies directed research and innovation in science and technology to improve the quality of life of the country's people. Building measurable value into its work through local and international partnerships remains a key component of its endeavours to provide world-class technology. This new agreement is a further demonstration of the cooperation between Force Protection and CSIR.

About Force Protection

Force Protection, Inc. manufactures ballistic- and mine-protected vehicles through its wholly owned subsidiary. These specialty vehicles are protected against landmines, hostile fire, and Improvised Explosive Devices (IEDs, commonly referred to as roadside bombs). Force Protection's mine and ballistic protection technology is among the most advanced in the world. The vehicles are manufactured outside Charleston, S.C.

For more information on Force Protection and its vehicles, go to www.forceprotection.net.

This release contains forward-looking statements, including, without limitation, statements concerning our business, future plans and objectives and the performance of our products. These forward-looking statements involve certain risks and uncertainties ultimately may not prove to be accurate. Actual results and future events could differ materially from those anticipated in such statements. Technical complications may arise that could prevent the prompt implementation of the strategic plan outlined above. The company cautions that these forward looking statements are further qualified by other factors including, but not limited to, those set forth in the company's Form 10-KSB filing and other filings with the United States Securities and Exchange Commission (available at http://www.sec.gov). The company undertakes no obligation to publicly update or revise any statements in this release, whether as a result of new information, future events or otherwise, except as required by law.

SOURCE: Force Protection, Inc.

Policy Impact Strategic Communications Jeff Child, 202-737-5339 (Media Contact) jchild*policyimpact.com or Force Protection, Inc. Investor Relations, 843-740-7015 investorrelations*forceprotectioninc.com
Copyright Business Wire 2006
 
Posted by Jo4321 on :
 
Going up on news! Now 4.84....
--------------------

Force Protection Announces Follow-On Order for Additional Cougar Vehicles


By BusinessWire
Last Update: 6/20/2006 1:12:01 PM Data provided by

LADSON, S.C., Jun 20, 2006 (BUSINESS WIRE) -- Force Protection, Inc. (FRPT) today announced a follow-on order by the U.S. Marine Corps for 15 additional Cougar Joint Explosive Ordnance Disposal Rapid Response Vehicles (JERRV). The order, which includes associated support items and services, is worth an estimated $9.3 million.

The U.S. Department of Defense awarded Force Protection a contract for 79 Cougar JERRVs in May. This marks the second delivery order made under the contract in less than two months. All vehicles will be manufactured and delivered to the government this calendar year.

"The Joint IED Defeat Organization is funding these vehicles in a manner that leaves no question as to how urgently they are needed," said Force Protection CEO Gordon McGilton. "We are responding in kind not only with this life-saving technology, but with the resources necessary to maintain the vehicles at the highest levels of performance."

Force Protection has placed more than 30 Field Service Representatives (FSRs) in the field to assist the armed forces in training and vehicle maintenance in Iraq and Afghanistan.

"We have a proven solution to counter IEDs in the Cougar JERRV," said Vice President for Marine Corps Programs Wayne Phillips. "It is being fielded in greater numbers every day, and with the support system created by the deployment of our FSRs, troops will continue to have the resources that ensure optimal use of these vehicles."

About Force Protection

Force Protection, Inc. manufactures ballistic- and mine-protected vehicles through its wholly owned subsidiary. These specialty vehicles are protected against landmines, hostile fire, and Improvised Explosive Devices (IEDs, commonly referred to as roadside bombs). Force Protection's mine and ballistic protection technology is among the most advanced in the world. The vehicles are manufactured outside Charleston, S.C.

For more information on Force Protection and its vehicles, go to www.forceprotection.net.

This release contains forward-looking statements, including, without limitation, statements concerning our business, future plans and objectives and the performance of our products. These forward-looking statements involve certain risks and uncertainties ultimately may not prove to be accurate. Actual results and future events could differ materially from those anticipated in such statements. Technical complications may arise that could prevent the prompt implementation of the strategic plan outlined above. The company cautions that these forward looking statements are further qualified by other factors including, but not limited to, those set forth in the company's Form 10-KSB filing and other filings with the United States Securities and Exchange Commission (available at http://www.sec.gov). The company undertakes no obligation to publicly update or revise any statements in this release, whether as a result of new information, future events or otherwise, except as required by law.

SOURCE: Force Protection, Inc.
 
Posted by ruskin_muskin on :
 
you beat me Jo.. was about to post it [Smile] ... 4.92x4.93 right now.
 
Posted by Jo4321 on :
 
Nice close at $4.90

Like to see this break $5.00 again.

Jo
 
Posted by ruskin_muskin on :
 
3rd time..lol..
 
Posted by Jo4321 on :
 
Great day so far for FRPT!

Jo
 
Posted by Jo4321 on :
 
Nothing but good news for FRPT!
-----------------------------------

West Point Cadets Train with Force Protection's Buffalo Vehicle
Business Wire - June 26, 2006 09:52

WEST POINT, N.Y., Jun 26, 2006 (BUSINESS WIRE) -- Cadets at the United States Military Academy are using Force Protection, Inc.'s (OTCBB:FRPT) Buffalo mine-protected clearance vehicle in training exercises for the first time this summer. The exercises are part of an expanded effort to familiarize emerging leaders with leading edge technologies and new equipment before they are sent to active duty.

First deployed by the Army Corps of Engineers in 2003, the Buffalo has been used to detect and remove thousands of suspected explosive threats such as improvised explosive devices (IEDs) from the streets of Iraq and Afghanistan.

"One of our key objectives is to ensure that our second year cadets are as prepared as possible for what awaits them on tomorrow's battlefield," said Army Corps of Engineers Captain Kevin Carlson. "We are delighted to have them familiarize themselves with the Buffalo and other proven blast protection technologies and techniques. We want the cadets to learn right now how to effectively counter the present and very real threat of IEDs."

Incorporating a 30-foot robotic arm and iron claw with a specialized camera and sensing equipment, troops are able to examine and disarm potential threats without leaving the safety of a specially armored hull.

"This is just the right thing to do," said Force Protection Vice President Michael Aldrich, a West Point Graduate. "The Buffalo clearly represents a proven solution that has kept our men and women safe in the face of more than 1,000 IED detonations and mine blasts. This exposure early in cadet training will surely help keep them focused on "force protection" as a key to future success in the global war on terror."

Popular with soldiers and commanders in the field who credit the vehicle with saving their lives, more than 140 Buffalo vehicles will be deployed by the end of 2006.

The Buffalo will be on display in New York City on Wednesday, June 28th to commemorate three years in combat operations without a reported fatality. The Buffalo, together with Force Protection's second armored vehicle, the Cougar troop transport, will be at the St. Regis Hotel at Two East 55th Street, at Fifth Avenue for limited public viewing after 11:00 a.m. that day.

About Force Protection

Force Protection, Inc. manufactures ballistic- and mine-protected vehicles through its wholly owned subsidiary. These specialty vehicles are protected against landmines, hostile fire, and Improvised Explosive Devices (IEDs, commonly referred to as roadside bombs). Force Protection's mine and ballistic protection technology is among the most advanced in the world. The vehicles are manufactured outside Charleston, S.C.
 
Posted by Jo4321 on :
 
Where's Repoman been lately? Do you still have your sell at $15.00?

Great day today, so far, up .47

.....edited to add
Make that .50!

JO
 
Posted by captain america on :
 
what a day!go frpt
 
Posted by ruskin_muskin on :
 
we did good today. in since 2.19 [Smile]
 
Posted by Jo4321 on :
 
I have positions at 2.17, 4.20 and 4.79

All green! (did sell some of my 2.17 off at $5.20 earlier).

Not sure what I am going to do tommorrow. I had a sell order in for $6.00, but I canceled it while I think it through.

Jo
 
Posted by ruskin_muskin on :
 
hehe.. i think i will sell tomorrow at gapper and get back at 5.50, but this stock runs so hard that you dont want to miss the boat..
 
Posted by Jo4321 on :
 
Great start! $6.15!

Glad I cancelled that $6.00 sell.

Jo
 
Posted by Jo4321 on :
 
This could hit national news when this event takes place tommorrow.

------------------------------------
Spartan Motors and Force Protection to Host Investor Event with Cougar and Buffalo Military Vehicles in New York City
PR Newswire - June 27, 2006 09:56
Event to Mark Three Years of Combat Operations without a Reported Fatality


CHARLOTTE, Mich., June 27, 2006 /PRNewswire-FirstCall via COMTEX/ -- Spartan Motors, Inc. (Nasdaq: SPAR) and Force Protection, Inc. (OTC Bulletin Board: FRPT) will display a Cougar and a Buffalo military vehicle in front of the St. Regis Hotel in New York City on June 28 from 10 a.m. ET to 3 p.m. Both companies' management teams will also present the same day to a group of professional investors at a special analyst lunch event.

"Both of these vehicles are deployed today in places such as Iraq and Afghanistan and are saving the lives of our military men and women," said John Sztykiel, president and CEO of Spartan Motors. "Our aim in bringing these vehicles to New York City is to make the people aware of the new technology our military is using to defeat the deadly threat of IEDs (Improvised Explosive Devices).

"At the same time, it's an opportunity for Spartan Motors and Force Protection to inform the investment community of our technical expertise in manufacturing these unique specialty vehicles and the impact of recent significant orders on our business."

The Cougar is a medium-sized, blast-protected vehicle produced in both four- and six-wheel configurations which can be customized for multiple tasks including urban patrol, route clearance support, troop transport, mine and explosive ordnance disposal, command and control, reconnaissance and as a lead convoy vehicle.

The Buffalo is an anti-mine/IED vehicle that uses a 30-foot robotic arm and iron claw with a specialized camera and sensing equipment to allow soldiers to examine and disarm potential threats without leaving the safety of the armored hull. Both vehicles utilize a unique V-shaped hull designed to deflect the force of explosions away from passengers inside the armored hull. To date, not a single fatality has been reported in either a Cougar or Buffalo despite over 1,000 mine detonations.

About Spartan Motors

Spartan Motors, Inc. (http://www.spartanmotors.com ) designs, engineers and manufactures custom chassis and vehicles for the recreational vehicle, fire truck, ambulance, emergency-rescue and specialty vehicle markets. The Company's brand names -- Spartan(TM), Crimson Fire(TM), Crimson Fire Aerials(TM), and Road Rescue(TM) -- are known in their market niches for quality, value, service and being the first to market with innovative products. The Company employs approximately 900 at facilities in Michigan, Alabama, Pennsylvania, South Carolina, and South Dakota. Spartan reported sales of $343.0 million in 2005 and is focused on becoming the premier manufacturer of specialty vehicles and chassis in North America.

About Force Protection

Headquartered near Charleston, South Carolina, Force Protection, Inc. (OTC Bulletin Board: FRPT) manufactures ballistic and mine protected vehicles through its subsidiary. These specialty vehicles are designed to offer significant protection against landmines, hostile fire and IEDs. For more information about Force Protection, visit http://www.forceprotectioninc.com .

The statements contained in this news release include certain predictions and projections that may be considered "forward-looking statements" under the securities laws. These forward-looking statements are identifiable by words or phrases indicating that the Company or management "expects," "believes" or is "confident" that a particular result "may" or "should" occur, that a particular item "bodes well," that the Company "looks forward" to a particular result, or similar statements. These statements involve many risks and uncertainties that could cause actual results to differ materially, including but not limited to economic, competitive, governmental and technological factors affecting the Company's operations, markets, products, services and prices. Accounting estimates are inherently forward-looking. Additional
 
Posted by Jo4321 on :
 
New HOD $6.45 !!

Man this thing is strong as a....as a .....
BUFFALO!
 
Posted by captain america on :
 
and runs like a cougar! had to say it sorry hehehe.
 
Posted by Jo4321 on :
 
Bound for Iraq, Army vehicles stop off in Manhattan
Wednesday June 28, 2006
NEW YORK (AP) Two of the U-S military's anti-mine vehicles, including a 23-ton vehicle called ``the Buffalo,'' stopped off in midtown Manhattan today on their way to war duty in Iraq.

The scene attracted a crowd, especially when one briefly snarled traffic outside the posh St. Regis Hotel by driving a half a block for t-v cameras.

The Buffalo and the 19-ton Cougar are used for the most dangerous job in Iraq finding and detonating roadside bombs.

Despite improved armor and tactics, statistics show that roadside bombs have killed an average of 40 Americans a month over the past year.

The Buffalos and Cougars, in use for nearly three years in Afghanistan and Iraq, have absorbing more than 1-thousand roadside bombs without any fatal casualties.

About 200 of the blast-resistant vehicles are in service with U-S forces in Iraq and Afghanistan. The Buffalo costs about $750-thousand dollars and the Cougar about $500-thousand dollars.

(Copyright 2006 by The Associated Press. All Rights Reserved.)
In the interest of timeliness, this story is fed directly from the Associated Press newswire and may contain occasional typographical errors.
 
Posted by ruskin_muskin on :
 
did well today..nice close!
 
Posted by Jo4321 on :
 
I finally succeeded in a flip. Sold some for $6.20 on Wednesday, bought again for $5.75 on Thursday. Now at $6.40.

This stock has been the savior of my portfolio. Most everything else I own is in the red (and seriously so)

I wish there had been more publicity about the Buffalo being in NYC. The Associated Press Article above didn't even mention the manufacturer.

Jo
 
Posted by ruskin_muskin on :
 
lol not to worry Jo. i have tried flipping this and have always failed and ended up losing 10% everytime I tried to flip. after learning it twice and at early stages of 2.25 and 2.85, never again have I tried to flip this one [Smile] . have nice weekend.
 
Posted by Jo4321 on :
 
This company is golden!

------------------------------

Force Protection Exceeds June Production Objectives, Fulfills DOD Cougar Contract
10:25 a.m. 07/03/2006 Provided by


LADSON, S.C., Jul 03, 2006 (BUSINESS WIRE) -- Force Protection, Inc. (FRPT) today announced it has again exceeded vehicle production objectives. The armored vehicle manufacturer produced and delivered 19 Cougar Joint Explosive Ordnance Disposal Rapid Response Vehicles (JERRV) and three Buffalo route clearance vehicles to the U.S. government in June.

"This is an important season for Force Protection," said CEO Gordon McGilton. "Starting in November 2005, we committed substantial time and resources to the expansion of our production capacity and capabilities, and we have met or exceeded production schedules each month since as a result. We look forward to continuing this remarkable upward trend as we address the Iraqi Light Armored Vehicle (ILAV) contract."

Force Protection was awarded a contract by the U.S. Department of Defense in May 2005 for 122 Cougar JERRVs for use by all branches of the armed forces. The contract, administered by the Marine Corps, was slated for completion in June 2006.

"We have done precisely what we committed to do," said Vice President for Marine Corps Programs Wayne Phillips. "The completion of the JERRV contract took place as we told the Marines last year when our ramp-up efforts began. In addition, we are on track for the on-time completion of the current Buffalo contract with the Army, and will apply these same practices to the ILAV program."

Force Protection's Buffalo and Cougar vehicles have been deployed in Iraq and Afghanistan since 2003. Popular with military engineers and explosive ordnance disposal teams, not a single reported fatality has occurred in three years despite more than 1,000 mine detonations and improvised explosive device attacks.

About Force Protection

Force Protection, Inc. manufactures ballistic- and mine-protected vehicles through its wholly owned subsidiary. These specialty vehicles are protected against landmines, hostile fire, and Improvised Explosive Devices (IEDs, commonly referred to as roadside bombs). Force Protection's mine and ballistic protection technology is among the most advanced in the world. The vehicles are manufactured outside Charleston, S.C.

For more information on Force Protection and its vehicles, go to www.forceprotection.net .

This release contains forward-looking statements, including, without limitation, statements concerning our business, future plans and objectives and the performance of our products. These forward-looking statements involve certain risks and uncertainties ultimately may not prove to be accurate. Actual results and future events could differ materially from those anticipated in such statements. Technical complications may arise that could prevent the prompt implementation of the strategic plan outlined above. The company cautions that these forward looking statements are further qualified by other factors including, but not limited to, those set forth in the company's Form 10-KSB filing and other filings with the United States Securities and Exchange Commission (available at http://www.sec.gov ). The company undertakes no obligation to publicly update or revise any statements in this release, whether as a result of new information, future events or otherwise, except as required by law.

Policy Impact Strategic Communications Jeff Child, 202-737-5339 (Media Contact) jchild*policyimpact.com or Force Protection, Inc. Investor Relations, 843-740-7015 investorrelations*forceprotectioninc.com

Copyright Business Wire 2006
 
Posted by ruskin_muskin on :
 
lollll....missed on news..else would have added more! 5th, we should rally.. nothing much to expect today!
 
Posted by Jo4321 on :
 
Great close for Wednesday $6.60!

Contemplating another flip.

Jo
 
Posted by Jo4321 on :
 
Good entry point here, below $6.00

Jo
 
Posted by ruskin_muskin on :
 
IN THE NEWS

Message from CEO
Publisher: Force Protection, Inc.
Date: 07/11/2006

Force Protection would like to confirm that, to the company’s knowledge, all of its Cougar vehicles deployed in Iraq are currently operational or undergoing routine maintenance procedures.

Force Protection also confirms that the company has specific information to indicate that none of its Buffalo or Cougar vehicles were involved in the recently reported fatal attack in Ramadi.

Our mission to protect and save lives continues.

Gordon McGilton
July 11, 2006
 
Posted by ruskin_muskin on :
 
running now!!!!!!!! back to 6.60????
 
Posted by Jo4321 on :
 
I never even saw anything about the Buffalo's or Cougars being involved in the fatal attacks in Ramadi. But I WAS wondering why the PPS was falling.

Jo
 
Posted by Jo4321 on :
 
Rebounding nicely...$6.18.

I wish I'd have had the funds to get in on that dip below $6.00.

Jo
 
Posted by ruskin_muskin on :
 
FRPT : small contract


General Information

Document Type: Special Notice
Solicitation Number: DON-SNOTE-060710-002
Posted Date: Jul 10, 2006
Original Response Date:
Current Response Date:
Original Archive Date: Jul 30, 2006
Current Archive Date: Jul 30, 2006

Contracting Office Address
M67854 Quantico, VA
Description
The Marine Corps Systems Command, Ground Transportation Engineering Systems (GTES) intends to award a sole source Contract to Force Protection Industries, Inc (FPII) of Ladson, South Carolina for twelve (12) sets of Armox steel plates for Cougar vehicles. This acquisition will be accomplished in accordance with FAR 6.302-1, for Other Than Full & Open Competition. Responsible sources capable of satisfying this requirement are encouraged to submit a statement of capability and costs, which if timely received, will be considered. Information must be provided to the contact cited below no later than 12:00 PM (EST) 21 July 2006. The point of contact for this effort is Captain Juan Arratia at juan.arratia*usmc.mil.
 
Posted by Jo4321 on :
 
Why the big dip today?

Jo
 
Posted by Jo4321 on :
 
Demand for Specialty Armored Vehicles Increases as Force Protection, Inc. Announces Additional Production Lines
Business Wire - July 17, 2006 08:25

LADSON, S.C., Jul 17, 2006 (BUSINESS WIRE) -- Force Protection, Inc. (OTCBB:FRPT) today announced it is expanding production to meet increased demand for its mine-protected vehicles.

"Our customers in uniform recognize the unmatched protection our vehicles provide and continue to order them at an unprecedented rate," said CEO Gordon McGilton. "As a result, Force Protection is engaged in efforts to triple its internal manufacturing capacity, as well as make use of other companies' capacity to fill present and future orders. We are also increasing our workforce, and today exceeded our 500th employee. We had just twelve employees in the beginning of 2004."

Force Protection's Buffalo and Cougar armored vehicles have been deployed in the global war on terror since July 10, 2003. Operated by combat engineers and explosive ordnance disposal teams, the vehicles have been used in dangerous detection and removal operations and are recognized as an effective solution to counter IEDs and other explosive threats. Despite inaccurate news reports, no fatalities have occurred in any Force Protection vehicle as the company continues to innovate and enhance the blast protection of its products to ensure that troops have the best protection available.

"We receive constant feedback from the troops that these vehicles are saving lives daily," said Vice President for Army Programs Damon Walsh. "They fill a vital role, and we are now establishing a second and third Cougar production line and doubling Buffalo production to ensure these vehicles are delivered in the numbers required by the men and women who need them most."

More than 200 Buffalo and Cougar vehicles are currently deployed in Iraq and Afghanistan.

About Force Protection

Force Protection, Inc. manufactures ballistic- and mine-protected vehicles through its wholly owned subsidiary. These specialty vehicles are protected against landmines, hostile fire, and Improvised Explosive Devices (IEDs, commonly referred to as roadside bombs). Force Protection's mine and ballistic protection technology is among the most advanced in the world. The vehicles are manufactured outside Charleston, S.C.

For more information on Force Protection and its vehicles, go to www.forceprotection.net.

This release contains forward-looking statements, including, without limitation, statements concerning our business, future plans and objectives and the performance of our products. These forward-looking statements involve certain risks and uncertainties ultimately may not prove to be accurate. Actual results and future events could differ materially from those anticipated in such statements. Technical complications may arise that could prevent the prompt implementation of the strategic plan outlined above. The company cautions that these forward looking statements are further qualified by other factors including, but not limited to, those set forth in the company's Form 10-KSB filing and other filings with the United States Securities and Exchange Commission (available at http://www.sec.gov). The company undertakes no obligation to publicly update or revise any statements in this release, whether as a result of new information, future events or otherwise, except as required by law.

SOURCE: Force Protection, Inc.

Policy Impact Strategic Communications
Jeff Child, 202-737-5339 (Media Contact)
jchild*policyimpact.com
or
Force Protection, Inc.
Investor Relations, 843-740-7015
investorrelations*forceprotectioninc.com

Copyright Business Wire 2006
 
Posted by ruskin_muskin on :
 
is doing well today. this should be start of new uptrend. long and strong on frpt. never sold a share since 2.19.. and good that i added on the dip on Friday. should see $6.00's soon IMO. chart looks good.
 
Posted by Repoman75 on :
 
Rusking (aka Daytrader), you already admitted that you flipped this once, if not twice, so stop lying.

I am the only true long here since $3.39! And this stock will make me semi-rich.

Jo, I hope you didn't sell in a panic on Friday. I loaded again... let's look at what's coming up, shall we?

-2nd Quarter Financials (profitability!)
-NYSE or NASDAQ listing
-Hummer contracts.

This will be the best stock pick of 2006, even better than CHYS.
 
Posted by Jo4321 on :
 
Repo, I must admit, I almost sold in a panic on Friday. But I did not. I did buy 500 more on the way down at 5.80. I had a buy order in for some time and had forgotten about it. I kind of wish I would have cancelled that out and bought it even lower. However, at least today things are looking brighter.

Hey, I'm kind of a long, cause I still have 700 of my $2.17 shares.

Sad to say this is the only position I currently hold that is in the green.

Jo
 
Posted by Repoman75 on :
 
Jo, hold for $10 at least. THen take your original investment off the table and ride the rest out. I think we'll be bought out soon, but we can hope for a $15 - $20 share price in '07.

Also, it seems we will be making trucks too... watch the newswires!
 
Posted by ruskin_muskin on :
 
quote:
Originally posted by Repoman75:
Rusking (aka Daytrader), you already admitted that you flipped this once, if not twice, so stop lying.

flipped but always added... actually added more... but after it crossed 4.00, never knew where it will stop and so, never sold it since..
 
Posted by ruskin_muskin on :
 
meanwhile we have reached 5.92 [Big Grin] [Big Grin] [Big Grin]
 
Posted by ruskin_muskin on :
 
meanwhile Repo..where had ya been? keep seeing some of your posts in RB board.. but oh well.. welcome back to allstocks and to FRPT thread.. its just me and Jo here right now [Smile]
 
Posted by Repoman75 on :
 
I've been laying low.. but I'm back. And we aren't the only ones buying this I hope... actually, I hope we are, because once Joe Public hears about this stock, another explosion.
 
Posted by captain america on :
 
are we going to see a late day run? i hope so only green i have today. nice to see repo back too.
 
Posted by Repoman75 on :
 
EOD - 6.08 is my guess. Look for accumulation again over this week into the low to mid 6's.
 
Posted by MoneyMoneyMoney on :
 
Selloff coming, gotta take a break somewhere to be healthy.

http://stockcharts.com/h-sc/ui?s=FRPT&p=D&b=5&g=0&id=p63995194388
 
Posted by Repoman75 on :
 
Hhahahaaahahhahaa! What a buffoon. Go back to IGAI you clown. Sell off happened on Friday, you missed it.
 
Posted by MoneyMoneyMoney on :
 
Why? Because I suggested a selloff coming for a healthy stock?
 
Posted by ruskin_muskin on :
 
quote:
Originally posted by MoneyMoneyMoney:
Selloff coming, gotta take a break somewhere to be healthy.

http://stockcharts.com/h-sc/ui?s=FRPT&p=D&b=5&g=0&id=p63995194388

moneymoney.. show me where in charts do you not see accumulation patterns around $5.84-$6 area.. if you can show me that.. i shall agree.. go see charts.. read them carefully and come back and inform us.. also, know the product, know what the company does, know why the chart is so bullish and come back and post.. I shall be waiting for your post!
 
Posted by MoneyMoneyMoney on :
 
Ditto! And sorry I wasted my studying time on you!!!!!!!!!!!!!!!!!!
 
Posted by ruskin_muskin on :
 
quote:
Originally posted by MoneyMoneyMoney:
Ditto! And sorry I wasted my studying time on you!!!!!!!!!!!!!!!!!!

good study harder.. and learn how to read charts.. thats the basic.. dont waste your time squabbling.. rather spend it usefully... by doing some reading on fundamentals of charts, reading financials so on and so forth.. GLTY!
 
Posted by MoneyMoneyMoney on :
 
Thanks ruskin_muskin. That will come later when I have time after studying for the nursing program. Once I grad and start out making 60k a year money will not be an issue and I can study charts more. I'm sure you have "many" years of exp to help in the meantime.
 
Posted by Repoman75 on :
 
Nurse... hahaha.
 
Posted by ruskin_muskin on :
 
quote:
Originally posted by MoneyMoneyMoney:
Thanks ruskin_muskin. That will come later when I have time after studying for the nursing program. Once I grad and start out making 60k a year money will not be an issue and I can study charts more. I'm sure you have "many" years of exp to help in the meantime.

been trading big board stocks for over 3 years now money.. but i've been learning too.. especially penny stocks.. just because they are totally different from big board stocks.. emanwhile..lemme know if i could be of any help.
 
Posted by MoneyMoneyMoney on :
 
very nice ruskin_muskin. I do have to say though 1500% for the year so far in my portfolio isn't bad. All the while studying my butt off in the program. Someday I will trade fulltime though and will become a very good stock trader.
 
Posted by Hold-em-er-fold-em on :
 
Repo is a fool, and has pissed of evryone here! Don't understand why BOB continues to aloow him to stay, but what ever!
 
Posted by Repoman75 on :
 
$6.10 now... yeah, I'm a fool making money hand over fist... unlike you PGPM bagholders.
 
Posted by BooDog on :
 
nvm found it in the newbie section

[ July 18, 2006, 20:20: Message edited by: BooDog ]
 
Posted by Repoman75 on :
 
Reuters report! Last time I saw one of these, it came when GHLT was at $2.00... it then hit $9 within 1 month.

https://www.etrade.wallst.com/v1/common/pdf.asp?docKey=24-A1D9C-20060719&User_Se ssionID=50C4088162EA14DE&researchProvider=REUTERS
 
Posted by Jo4321 on :
 
I don't have etrade and so can't get into that link, could you cut and paste, Repo?

Jo
 
Posted by Repoman75 on :
 
Can't... it's PDF. Too bad you can't upload files here.
 
Posted by ruskin_muskin on :
 
same problem here repo.. can you think of any other way to show it? I am interested in reading it!
 
Posted by Repoman75 on :
 
There's a Yahoo group for FRPT.. somebody posted it there.

http://f2.grp.yahoofs.com/v1/kNW-RKJ26ajzq5YSYrqa_Jkon-ZXGVnsJr-kF32_oshtlScKm6m Es42gHyjVebVb1koUDmWTkSNILmHY4IXQfpG0Jo8gTjetyg/file.pdf
 
Posted by Jo4321 on :
 
Awesome, thanks! Look at all those "Outperforms"!

Jo
 
Posted by Jo4321 on :
 
Stock wire .com: The Pioneers of the STOCKUMENTARY, deliver the Movers and Shakers ****, Part 4:

--------------------------------------------------------------------------------

M2
10:51 a.m. 07/21/2006


AUSTIN, Jul 21, 2006 (M2 PRESSWIRE via COMTEX) -- A very interesting indicator to look for is where the money is flowing into. We have a filter that we watch every morning that shows us "Dollar Volume". Here are a few of these stocks: (FRPT), (SELA), (EMFP), (PTSC)

What is a STOCKUMENTARY? Visit the following link to find out: http://www.********* . com/cdrom/lyjn/streaming .

(FRPT) For the three months ended 31 March 2006, Force Protection, Inc.'s revenues totaled $34.8M, up from $5.9M. Net loss fell 83% to $666K. Revenues reflect increased level of vehicle production primarily the result of JERRV contract and increased revenue from the sale of spare parts. Lower loss reflects improved gross margin due to the increasing efficiency of the manufacturing operations and the company's cost efficiency.
 
Posted by Jo4321 on :
 
What does the below mean for individual investors?
Jo
--------------------------------------------

IN THE NEWS


Force Protection, Inc. Announces $41 Million Equity Financing
Publisher: Force Protection, Inc.
Date: 07/24/2006

Ladson, S.C. - Force Protection, Inc. (OTCBB:FRPT), manufacturer of the Buffalo and Cougar armored vehicles deployed with U.S. forces in Iraq and Afghanistan, today announced it has closed on a private placement of 8.25 million shares of common stock, generating gross proceeds of $41.25 million.

The securities were sold to a select group of institutional investors, including John Hancock, at $5.00 per share with no warrants. C.E. Unterberg, Towbin acted as Force Protection's exclusive placement agent.

“We are extremely pleased to make this announcement,” said Force Protection CEO Gordon McGilton, who noted that this round of financing would help the company expand its production capabilities to meet expected demand. “The working capital generated by this financing will allow us to maintain focus on delivering armored vehicle technology to support U.S. and Coalition troops in Iraq.

“We appreciate the investors who have participated in this financing. Their efforts will help ensure that more lives are saved by the cutting-edge blast protection technology incorporated in the Buffalo and Cougar vehicles.”

About Force Protection, Inc.

Force Protection, Inc. manufactures ballistic and mine-protected vehicles through its wholly owned subsidiary. These specialty vehicles are protected against land mines, hostile fire, and Improvised Explosive Devices (IEDs, commonly referred to as roadside bombs). Force Protection's mine and ballistic protection technology is among the most advanced in the world. The vehicles are manufactured near Charleston, S.C.

For more information, visit http://www.forceprotectioninc.com.
This release contains forward-looking statements, including, without limitation, statements concerning our business, future plans and objectives and the performance of our products. These forward-looking statements involve certain risks and uncertainties ultimately may not prove to be accurate. Actual results and future events could differ materially from those anticipated in such statements. Technical complications may arise that could prevent the prompt implementation of the strategic plan outlined above. The company cautions that these forward looking statements are further qualified by other factors including, but not limited to, those set forth in the company's Form 10-K filing and other filings with the United States Securities and Exchange Commission (available at http://www.sec.gov). The company undertakes no obligation to publicly update or revise any statements in this release, whether as a result of new information, future events or otherwise, except as required by law.
 
Posted by ruskin_muskin on :
 
quote:
Originally posted by Jo4321:
What does the below mean for individual investors?
Jo
-

stock PPS rising [Smile]
 
Posted by Jo4321 on :
 
I think you are right in the long term, however, in the short term, FRPT could react similarly to how Jones Soda (JSDA) has when it completed a private placement about a month ago.

I'm in Jones soda, and if you look on Google Finance,
http://finance.google.com/finance?q=jsda , and expand the view to 3 months, you can see the news event "I" (dtd 6/2/2006) where they announced their private placement of stock at $9.50 per share.

At the time JSDA was trading at 10.61 per share. The price dropped a bit that day, then zig zagged up and down a bit but gradually dropped to 7.70 before a series of news events began to bring the share price back up to the level it is now. Still not at 9.50 though.

I know comparing sodas to military vehicles is like apples to oranges. FRPT, I think, will have much stronger news than JSDA, and these institutional buyers wouldn't be putting out all this money for nothing. But, it is entirely possible that there will be a dip in the short term. So look for a good buy in price.

Jo
 
Posted by ruskin_muskin on :
 
hehe.. IMO.. it doesnt matter what.. irrespective of what crap is there in the PR.. FRPT runs for 3 consecutive days after PR release.. thats based on the past history.. you might be correct.. but i am not sure who will sell this!!!
 
Posted by Jo4321 on :
 
Now that I see more good news this morning, I'm not seeing a sell off either. But who knows.

www.alertnet.org/thenews/newsdesk/L24932710.htm

LONDON, July 24 (Reuters) - Britain said on Monday it would buy 270 more armoured vehicles for its troops in Afghanistan and Iraq after criticism that soldiers were being needlessly killed by roadside bombs.

Relatives of servicemen killed in Iraq and the opposition Conservatives have called on the government to do more to safeguard the lives of servicemen in Afghanistan and Iraq, who are exposed to the daily threat of attack from insurgents.

Roger Bacon, whose army officer son was killed when a roadside bomb exploded near his Land Rover in September last year, campaigned for troops to get armoured vehicles.

The British Ministry of Defence said it would buy about 100 more Pinzgauer 'Vector' armoured trucks for Afghanistan, on top of the 66 already on order.

It would buy 70 more heavily armoured FV430 troop carriers, in addition to 54 already on order, for British forces in Iraq.

The ministry also announced plans to buy about 100 mine-protected "Cougar" vehicles, to equip British forces in Iraq and Afghanistan.

Some of the new vehicles will start arriving this year and others in 2007.

"The protection of our forces is a top priority. I have made clear my determination to provide commanders on the ground in Iraq and Afghanistan with the resources they need to do the job," Defence Secretary Des Browne said.

A Defence Ministry spokesman could not say how much the order was worth because contract negotiations with suppliers have not yet been wrapped up.

Some 114 British soldiers have been killed in Iraq since the U.S.-led invasion in March 2003.

Britain said earlier this month it would send 900 more troops to southern Afghanistan to fight the resurgent Taliban after at least five British soldiers were killed in the initial phases of what was billed as a peacekeeping mission there.
 
Posted by ruskin_muskin on :
 
Doesnt matter.. added more at 6.21 [Big Grin] [Big Grin] ..
 
Posted by Jo4321 on :
 
That wasn't much of a dip this morning. Bottomed out at $6.13 and almost immediately back up.

3 more ticks til new HOD

Jo
 
Posted by ruskin_muskin on :
 
i think its going all the way!!!!!!!!!!
 
Posted by ruskin_muskin on :
 
you guys saw that 16,600 buy at 6.91???? crazy...
 
Posted by Jo4321 on :
 
Reached a new 52-week high.

And the news about the British buying 100 add'l cougars hasn't yet been posted on the major newswires. That is similar to what happenned at the beginning of this thread. The news about the 50M contract was posted only on FRPT's website and then when it got to BusinessWire, it exploded.

Hold tight!

Jo
 
Posted by ruskin_muskin on :
 
let me see if it dips bit more.. i would want to double up today if possible by selling off my chdt..
 
Posted by ruskin_muskin on :
 
41,780 buy * 6.77 [Big Grin] [Big Grin] ..
 
Posted by Jo4321 on :
 
Woo Hoo! $7.00!!!
 
Posted by ruskin_muskin on :
 
NEWS!!!

Force Protection, Inc. Announces Board Restructuring
Friday August 4, 4:30 pm ET

LADSON, S.C.--(BUSINESS WIRE)--Aug. 4, 2006--Force Protection, Inc. (OTCBB:FRPT - News) today announced that Ray Pollard will step down as a board member, effective August 4, 2006. Pollard will continue in his key position as chief operating officer, overseeing the operations of the company's South Carolina facility. Management intends to restructure the board to establish a majority of independent directors, positioning the company to apply to trade on a national securities exchange in the future.

ADVERTISEMENT
"Ray joined the board as an independent director to assist Force Protection as it became a mainstream armored vehicle manufacturer," said CEO Gordon McGilton. "We deeply appreciate his contribution as a board member and his continuing leadership role as head of our manufacturing subsidiary."

The Buffalo and Cougar armored vehicles produced by Force Protection are highly popular with U.S. forces, who credit the blast protection technology with saving lives.

About Force Protection

Force Protection, Inc. manufactures ballistic- and mine-protected vehicles through its wholly owned subsidiary. These specialty vehicles are protected against landmines, hostile fire, and Improvised Explosive Devices (IEDs, commonly referred to as roadside bombs). Force Protection's mine and ballistic protection technology is among the most advanced in the world. The vehicles are manufactured outside Charleston, S.C.
 
Posted by Jo4321 on :
 
Love this line:
quote:
Management intends to restructure the board to establish a majority of independent directors, positioning the company to apply to trade on a national securities exchange in the future.
I'm annoyed with myself that I kind of called the short-term dip in prices, yet, I did not take full advantage of it. I did flip half my shares at $6.90, but I did not wait long enough to rebuy them. I rebought at $6.60, but could've waited to get them in the $6.20 range. Why didn't I listen to my own speculation???

Well, I guess it won't much matter when this is a $15+ stock!

Jo
 
Posted by ruskin_muskin on :
 
True Jo, But I have been holding this all along. I only add on dips, and I added more at 6.18!! I shall take some profits off when financials are released on this stock, which shouldnt be more than 1-2 weeks from now. once they are announced, this is a definite $10 stock, and that should be time to take some small profits, as other good plays like SLJB are looking promising! GLTY!
 
Posted by captain america on :
 
new contract!look under navy contracts.
http://www.defenselink.mil/Contracts/Contract.aspx?ContractID=3305
 
Posted by showme$ on :
 
i am holding on to this one 2.
 
Posted by Jo4321 on :
 
Just thought I'd print your link here:
quote:

NAVY Force Protection Industries, Inc., Ladson, S.C., is being awarded a $62,905,628 firm-fixed-priced contract for 86 Cougar Explosive Ordnance Disposal (EOD) vehicles, associated spares, field service support, and technical manuals. This is a foreign military sale for the United Kingdom. Work will be performed in Ladson, S.C. (60 percent) and Charlotte, Mich. (40 percent), and work is expected to be completed by May 2007. Contract funds will not expire by the end of the current fiscal year. This contract is a sole source award to Force Protection Industries, Inc as they are the sole manufacturer of the Cougar EOD vehicle. The Marine Corps Systems Command, Quantico, Va., is the contracting activity (M67854-06-C-5162).

http://www.defenselink.mil/Contracts/Contract.aspx?ContractID=3305



 
Posted by Jo4321 on :
 
Also came out on knobias. I love the wording in the body "more than 85 vehicles" and in the defenselink, it says they ordered 86! LOL

quote:


FRPT: Awarded $63M British Defense Contract for 85 Cougar EOD Vehicles [delayed]

--------------------------------------------------------------------------------

Knobias
09:24 a.m. 08/11/2006


Ridgeland, MS, AUG 11, 2006 (EventX/Knobias.com via COMTEX) -- Force Protection, Inc. (FRPT) announced that it has been awarded a contract by the British Ministry of Defense for more than 85 Cougar Explosive Ordnance Disposal (EOD) vehicles. These vehicles will be known as Mastiff Protected Patrol Vehicles (Mastiff PPV). The contract also includes associated spares, technical manuals, and field service support and is worth approximately $63 million.

GET KNOBIAS IN REAL-TIME: Delivery of this proprietary Knobias alert has been delayed by at least 10 minutes. To get all Knobias alerts in real-time daily, visit http://www.knobias.com/cmtx

ABOUT KNOBIAS: Knobias is a premier financial information provider of trading and investing data covering all U.S. equities for investors and security professionals. Knobias is best described by its three major components: Real-time desktop applications providing quotes, charts, level 2, analysis etc.; Knobias RAiDAR providing thousands of real-time news stories, alerts and documents daily; Knobias fundamentals providing a comprehensive database of fundamental research information.

Knobias.com, LLC 601-978-3399 601-978-3675 info*knobias.com www.knobias.com/cmtx


Copyright 2004 Knobias.com, LLC, All rights reserved.


 
Posted by showme$ on :
 
i say we hit $7 2day
 
Posted by Swing_trading101 on :
 
looks extremely strong today... 7.05 [Big Grin]
 
Posted by captain america on :
 
easy money! now lets get this baby on the nasdaq.
 
Posted by showme$ on :
 
i am aboard and i have my seatbelt see ya in $10 land
 
Posted by Jo4321 on :
 
Excellent, up over $1.00 today!

Jo
 
Posted by Swing_trading101 on :
 
yeppp... watching jo... glad you held on to it.. i was chicken to sell it.. nobody loses holding a winning stock [Smile] .. i will rejoin after todays rally and some brief consolidation period ... FRPT: stock of the year!!!
 
Posted by Jo4321 on :
 
I took profits today at $6.45 and $6.50.

Still have about a little of my $2.17 shares left and also some $6.60 shares that I hope to see green in. But since I am going on vacation, I just wanted the cash.

Looks like a nice close.

Jo
 
Posted by Swing_trading101 on :
 
awesome Jo.. nice source of steady income from this ATM machine here [Wink] .. have nice weekend!!!
 
Posted by Jo4321 on :
 
Swing_trading101,
I just realized that you are RM. You didn't sell ALL your FRPT did you?

Jo
 
Posted by Swing_trading101 on :
 
Nope Jo, I held some for financials.. but sold majority portion.. I will add more over the coming days as the dips appear.. I panicked to take profits yesterday [Frown]
 
Posted by BooDog on :
 
I've been watching this RM, I thought it was doing a major correction, bigfoot set me straight. I thought it would dip lower then poof up it goes. GL
 
Posted by captain america on :
 
10q out:
http://biz.yahoo.com/e/060814/frpt.ob10-q.html

or:

http://xml.10kwizard.com/filing_raw.php?repo=tenk&ipage=4334646
 
Posted by captain america on :
 
more news

http://www.stockhouse.com/news/news.asp?newsid=3847767&tick=FRPT
 
Posted by Repoman75 on :
 
Everybody still in this? Hummer news should be coming shortly...
 
Posted by Jo4321 on :
 
WB, Repo. (the original)

I'm still here. Bought some more today to replace some of those shares I sold before my vacation.

I don't think the hummer news will come until November. That is when the government is to start taking proposals (bids?).

Jo
 
Posted by Repoman75 on :
 
Jo, no, that is when they AWARD the bids... but they are already reviewing vehicles.
 
Posted by Jo4321 on :
 
Right, but that's what I meant when I said we probably won't here whether or not they were awarded the bid until November.

That'll be a great day!

Jo
 
Posted by Repoman75 on :
 
Look for updates on NASDAQ listing.....


Force Protection, Inc. Announces Date for Annual Shareholder Meeting
Thursday August 24, 9:30 am ET


LADSON, S.C.--(BUSINESS WIRE)--Aug. 24, 2006--Force Protection, Inc.'s (OTCBB:FRPT - News) board of directors announced today that the company's annual shareholder meeting will be held on Monday, September 18, 2006 at 10:00 am at Force Protection's manufacturing facilities in Ladson, South Carolina.

"We invite all shareholders to attend on September 18th," said CEO Gordon McGilton, "The company has made dramatic progress since our last meeting, and we look forward to the chance to discuss these developments with our investors."

Force Protection has experienced significant growth due to the performance of its Cougar and Buffalo mine-protected vehicles in Iraq and Afghanistan. Today the company has a workforce of more than 550, and has substantially expanded production capacity and vehicle deliveries to meet increasing demand for its life-saving vehicles and blast protection technology.
 
Posted by Repoman75 on :
 
Up today.. this will probably climb up to near $7 before the meeting.
 
Posted by iowaboy21 on :
 
Is it too late to get into?
 
Posted by Repoman75 on :
 
Nope, not if you don't mind holding for 2-3 months... we'll see $10 soon.
 
Posted by Repoman75 on :
 
And FRPT will be here... wonder if they'll be driving vehicles into NYC again!

http://www.rothconference.com/PresentCompany.html
 
Posted by Repoman75 on :
 
Analyst coverage.

http://10qdetective.********.com/2006/08/force-protection-explosive-turnaround.h tml
 
Posted by Jo4321 on :
 
Replace repo's ****** with b l o g s p o t



latest financials 8-26-2006
 
Posted by Jo4321 on :
 
Geez, Repo,

What the heck happenned with you over at RB? So many people misunderstanding your motives. I understand exactly what you were saying about this b l o g s p o t report. I didn't take it as being a basher.

I think you will end up being correct and it will dip more because of that b l o g, But longs shouldn't be worried about it.

I still have to decide if I want to "rebuy" some more of the shares that I sold before vacation. Looking for a good entry point.

Jo
 
Posted by Repoman75 on :
 
That site is full of ostriches... they only see what they want to see. Screw them.

I am already right... if it dips below $6, which I doubt, I will buy more. But we will get bought out soon... the writing is on the wall. $20 would have been nice long term, but I'm guessing $10 with a buyout.
 
Posted by BooDog on :
 
check out cnn

Nothing big, thought they would mention more about the hummer. They were talking about their own CNN hummers that were in Iraq.
 
Posted by ArmySGT on :
 
either way these babies are saving my A$$ out here every day, so whatever comes of it these road boheemoths are worth each dollar spent, now if we could only get the dragonskin body armor lol
 
Posted by Repoman75 on :
 
The production numbers are rising...

Force Protection, Inc. to Participate in ROTH 2006 New York Conference
Friday September 1, 3:46 pm ET


LADSON, S.C.--(BUSINESS WIRE)--Sept. 1, 2006--Force Protection, Inc. (OTCBB:FRPT - News), the leading provider of blast- and ballistic-protected vehicles to U.S. and Coalition forces, will be a featured presenter at the ROTH 2006 New York Conference on September 7, 2006. The investor conference will include presentations from more than 200 leading small and micro cap companies in the technology, healthcare, financial services and consumer products sectors.

"We are pleased with the invitation to attend this year's ROTH New York Conference," said CEO Gordon McGilton. "This is an excellent opportunity to highlight the exponential growth our company has experienced, particularly in the last year. We look forward to the opportunity."

Armored vehicle manufacturer Force Protection continued its strong production performance in August, presenting 25 Cougar and two Buffalo mine-protected vehicles to the U.S. government. More than 200 Force Protection vehicles are currently deployed in Iraq and Afghanistan.

For further information on the ROTH 2006 New York conference, go to www.rothconference.com.
 
Posted by Repoman75 on :
 
Here comes $7 again.......... Hummer contracts, NASDAQ listing ........wheeeeeeeeeeeeeee
 
Posted by Jo4321 on :
 
I never did rebuy my shares from when I sold prior to vacation. But still enjoying watching my other shares rise. Sure would like to see $7.00 today!

Jo
 
Posted by Repoman75 on :
 
C'mon Jo, you're letting FREE money slip through your fingers. Sure things like this don't come around very often. We are going to be bought out soon enough, and then, this money making ride will be over.
 
Posted by a surfer on :
 
Hello Repo I see you've been in this from the get go. I first saw this and actually had a few shares from June to mid august. It had seemed to flatten out. Whats your take on the rest of the year??? Thanks
 
Posted by Repoman75 on :
 
$10 by Dec. Have a merry Xmas on me. 2 big announcements looming.. NASDAQ listing, and Hummer replacements. That's all you need to know.
 
Posted by fatbacker on :
 
Well FRPT had an excellent day today. Closing at $6.95 from Fridays $6.45 close.

Today we closed with a candlestick pattern of a three outside up which is a very reliable bullish pattern.

If tomorrow can close above todays close we should have a new support level of about the $6.95 area which means we will be on our way to finding a whole new resistance level.

The stochastic is at overbought level but if we can break the resistance level tomorrow and hold it we could be riding the top of the stochastic for at least a short while.

The RSI still has some room left in it IMO.

The MACD is definitely looking for a new trend direction and could see the results of that soon.

Volume was excellent today and we also have plenty more accumulation going on according to the Accum/Dist line

Todays long white candlestick was encouraging because it is a continuation pattern that could make plenty of people happy tomorrow.
 
Posted by fatbacker on :
 
Why does everyone think they are going to get bought out or even want to get bought out? They seem to be doing just fine on their own with out needing some other huge company to buy them up. There are countless numbers of small buisness that have reached big corporation status without being bought out.

FRPT is expanding very rapidly and are adding more projects on the table and therefore IMO they do not need to be bought out. Not to say they won't but anyone saying they are going to be bought out are saying it out of speculation only. They are becoming a force in this industry completely on their own and are making millions on their own and continue to add contracts on their own.

If I could see them doing anything it would be either buying out a smaller company with the facilities to help them expand their production or merge with them keeping the Force Protection name.

Buy out? Maybe, but IMO not likely.
 
Posted by Repoman75 on :
 
Booyah Jim! Weeeeeeeeeeeeeeee!
 
Posted by Jo4321 on :
 
Ticking up after the Roth presentation.

You can hear it here.

http://wsw.com/webcast/roth8/frpt.ob/

Nothing but good, positive news.


jo
 
Posted by Repoman75 on :
 
We hit $7 by week's end.
 
Posted by Repoman75 on :
 
500,000 sq. ft. of manufacturing. Fabrication in old building. Middle building is assembly line. ILAV in last building with offices as well. ILAV line is not yet assembled.

Problem solved: IED's. Existing vehicles do not handle this threat.

Picture of buffalo at Aberdeen Proving Grounds in slide. Picture shows the capsule is in tact. Standard vehicle parts are destroyed.

Desired company result: Troups returning home safely.

Picture of Crew members after 100lbs of IED. Crew stepped out to take pictures. Vehicle was repairable. All broken parts of the vehicle are repairable.

Offer 3 products: Buffalo (large capital piece of equipment in Afghanistan and Iraq), Cougar (base of ILAV and Mastiff and JERRV), Prototype MUVR (going to be renamed, not in production, latest and best technology)

Progression of intellectual property: Buffalo (South African technology, some of the technology is in the public domain). Cougar (FPRT is almost all FRPT proprietary technology). MUVR (All FRPT technology)

Buffalo (4 vehicles per month to meet contract) 64 in theatre. Largest opportunity GSTAIMDS program. Currently funded. Complex program. Buffalo is a central part of that program with a sole source procurement. Several hundred buffalos required as a part of that contract. Increase in production will be a result of the GSTAIMDS program. A few smaller oppoortunities. Actual soldiers in combat are requesting the vehicles.

Cougar: 20 per month but increased as PR'd on Friday. Will continue to increase production capacity moving forward. JERRV contract (joint service contract), 122 original 79 follow on and expecting further contracts. MRAP requesting 1,000 and they believe they have the best vehicle for this.

MUVR: Military is looking to replace the HUMVEE. They believe the MUVR meets the requirements.

The company is making many moves in different directions. IP portfolios. Parts and services. Aberdeen Process approval (they are way ahead of the competition). Use commercial components. Meet the requirements of procurement of off the shelf products.

Business operating systems are being put in place to achieve further efficiencies.

Run chart shows transformation from job shop to volume manufacturing (assembly line techniques). 20 cougars per month has been achieved. Company is now moving past that to expand to the greatest extent possible.

Hockey stick chart of sales. Migrated from Red to black in financials. Expanding markets. Cougar 6x6 can be manipulated to meet many different product requirements.

Gross margins are increasing. Achieved 19%. G&A declining. Going forward, G&A should decline as a percentage of sales.

Q&A
What is the demand: New territory. There were no armored vehicles like this. "what's the demand for saving soldiers' lives?" is the response. There is an enormous demand.

Competition. FPRT does not see any direct competition. The buffalo is a sole source award. There is no competition. Cougar: Textron, GD, Bushmaster, German Dingo. FRPT does not believe that any of those vehicles are a direct competitor (they cannot provide as much protection). RG-31 does not have a 6x6 variant or payload capacity. Performance characteristics outperform all other vehicles. THERE IS NOTHING THAT COMPARES TO THE MUVR!!!

BAE approached FPRT for the ILAV contract. FRPT might not have got the contract without BAE.

Gross Margin: Prefer to not comment on the go forward basis. Look at the trend. Each vehicle has its own pricing structure. The 19% is indicative of where the company would want. Spare parts is new territory. Parts are slow behind the vehicles. They have only recently started to get an idea of what the volume will be.

Spares provisions: Everyone one of the contracts calls for a spare provisions. $60-$100k per vehicle included in purchase orders. Known replacement and service included. Spares history beyond that is a bit difficult to forecast. Every single vehicle is in theatre and in direct threat of IEDs.

ILAV order. Requirement is 1,000. But vehicles are by delivery orders. First is 378 and then expect the next bunches to be broken up as well. Additional orders should be coming quickly. FUNDING FOR 07 BEGINS IN OCTOBER. Vehicles have already been delivered into IRAQ.

Backlog: He does not want to do the math on stage. He says look at monthly deliveries. FPRT's aim is to increase volume to the highest degree possible. Contracts is not the problem. Capacity is their problem. He understands that backlog is the historical model for military companies. However, he would say that capacity is the issue, not having the orders.

Timeline: A lot of moving parts. Steel 12-18 months in advance (they reserve production slots and then adjust per contracts). Axels, engines, etc (antipate future production and provide long leads). When contracts are awarded, they can sometimes deliver within 90-120 days. They are looking to shorten the cycle time.

Closing statements: Shareholder presentation. Guided tour. Many vehicles in parking lot. CEO will be there.
 
Posted by Repoman75 on :
 
Just like I told ya, $7 by EOW.
 
Posted by Repoman75 on :
 
We just broke out, $7.10 now.
 
Posted by Repoman75 on :
 
Has anyone heard from Malloy lately? I want to send him a gift when I sell 1/2 at $10.
 
Posted by Jo4321 on :
 
Yeah, good old Malloy.

If I hadn't happenned upon his thread here, I'd be in a MUCH bigger deficit than I am. FRPT has been my saving grace.

I got a little more at $6.55 the other day to replace my vacation shares. I wish I had purchased more, but oh well.

I know eventually I'm gonna really need to plan an exit strategy for after it reaches $10.00. But it's gonna be so hard to say goodbye. (yep, breaking the "don't fall in love" rule).

Jo
 
Posted by zoers on :
 
Those of you still in this ought to be shoutin by
now. It's up .47 today alone
 
Posted by a surfer on :
 
hey repo congrats on the bagger..

I am working on 1/2 bagger!!! LOL In at 5.6
 
Posted by Repoman75 on :
 
You'll get a 1 bagger.. we'll be at $10 shortly.
 
Posted by Jo4321 on :
 
I hope I won't be sorry for selling again today at 7.55. Gotta decide a good entry point to get back in before it starts gapping up again on the way to the shareholders meeting on Monday.

Did you get your shareholder proxy documents, Repo?

Jo
 
Posted by Repoman75 on :
 
Yep.
 
Posted by Repoman75 on :
 
Jo, I warned you about flipping. Going up fast again.
 
Posted by Jo4321 on :
 
Yikes, I know. Believe it or not, though, I rebought my shares at $7.30 just a few mins ago.

I think I'll hold until $12.00 now!

Jo
 
Posted by Jo4321 on :
 
Updates on the FRPT website

CBS News story (not sure how old this is--there is no date. However, I'm pretty sure it was just added to the website yesterday.

Introducing the Cheetah

currently $7.15

Jo
 
Posted by Repoman75 on :
 
We go up today, and tomorrow will be a huge Friday, you'll see.
 
Posted by Jo4321 on :
 
Friday is here. Got some more at $7.20. Let's see what happens.

Jo
 
Posted by Jo4321 on :
 
I like what happenned [Smile]

Jo
 
Posted by Repoman75 on :
 
C.E. Unterberg initiates FRPT with a Buy and $11 tgt saying the co's vehicle offering has proven to be the only effective prevention of fatalities from improvised explosive devices and because of this the co's revs have grown from $10 mln in 2004 to an est $195 mln in 2006. Over the coming 12 to 18 months firm believes the co will continue to see rapid growth as the armed forces in Iraq, Afghanistan and other areas purchase both the Buffalo and Cougar. Past that, however, firm thinks the co could participate in the HMMWV replacement cycle, a market with an ultimate size in the multi-tens of billions.
 
Posted by Repoman75 on :
 
What a lovely day!!!! ***** is covering us now, and analysts. Can you say $10 by EOY, if not $12?!?!?!?!
 
Posted by captain america on :
 
this stock kicks a$$ $8.06 now!
 
Posted by captain america on :
 
$8.48
 
Posted by captain america on :
 
$9.10
 
Posted by Repoman75 on :
 
Zippity do dah, zippity day...my oh my, what a lovely f'ing day!
 
Posted by Repoman75 on :
 
Good day to load the boat... MM's looking for shares.
 
Posted by Jo4321 on :
 
I had to sub this morning. Did it really dip down to 8.35 and now back up to $9.05?

What a missed opportunity there this morning.

Jo
 
Posted by Repoman75 on :
 
Sure did Jo. MM's went looking for shares.
 
Posted by Jo4321 on :
 
Closed above $9.00 today! This stock has done me no wrong.

Help...falling in love with a stock....must resist....

Jo
 
Posted by Repoman75 on :
 
Fall in love 'till at least $20, I have.
 
Posted by T e x on :
 
quite the success story...

congrats, you guys.
 
Posted by Jo4321 on :
 
New 52-week high! Love is a wonderful thing. [Smile]


Jo
 
Posted by Jo4321 on :
 
$9.35!
 
Posted by Repoman75 on :
 
$10 by EOWeek, then news I think, then $12 - $15. $20 will come with the Hummer/NASDAQ announcement.
 
Posted by Jo4321 on :
 
Hard not to want to try and flip at these levels though.

Jo
 
Posted by Repoman75 on :
 
Why flip? Look at the chart. Just hold and forget. Wake up in Dec. double from here. You're incurring taxes as you go along... if you hold long enough, you may get a break.
 
Posted by Jo4321 on :
 
I AM going to try and hold my original shares until the short term capital gains time frame kicks in, but I don't think I will be able to hold the "trading shares" that long. Too nervewracking for me.

I'm working the rest of the week, so I won't be tempted to sell.

Jo
 
Posted by Hurricane on :
 
Hey noob here, what happens when we get bought out, do our shares automatically sell at the buyout price or what? Thanks for the call btw, I got in at $3
 
Posted by Repoman75 on :
 
Our shares will be converted to cash at the buyout price, or shares of the new company.
 
Posted by Repoman75 on :
 
Hit a lot of watch lists and stock alerts... will gap up this AM. $10 by tomorrow close.
 
Posted by Repoman75 on :
 
THE stock of 2006. 900% gain from Jan. I thought CHYS was the stock of 2006, but it has lost 50% of its value off its high.

This is the real deal, and will make me semi-rich.
 
Posted by Repoman75 on :
 
Closer and closer to NASDAQ

Force Protection, Inc. Appoints Independent Director
Friday September 22, 8:30 am ET


LADSON, S.C.--(BUSINESS WIRE)--Sept. 22, 2006--Armored vehicle manufacturer Force Protection, Inc. (OTCBB:FRPT - News) announced today that Michael Moody has been appointed an independent member of the Board of Directors by unanimous board vote. Moody will fill the vacancy left by departing director Gale Aguilar.

"Force Protection is greatly benefited in having Michael join the board," said Chairman Frank Kavanaugh. "He brings a wealth of financial experience to this position, and will play a key role in the continuing development of Force Protection as a publicly-traded company. Michael's appointment is another step in the process of reconfiguring the board to achieve a majority of independent directors; a process we hope to conclude very shortly."

A veteran with more than four decades' experience in financial analysis, auditing, and regulatory reporting, Moody currently serves as a principal for Westsource Financial Services, Inc., providing financial and business advisory services to privately held businesses. Moody previously served as Chief Operating Officer for the London American General Agency and as Senior Vice President of Corporate Development for Magna Carta Companies. He also served as a member of the Magna Carta board of directors with particular oversight and review of financial reporting. Moody is a CPA and an associate with the Australian Society of Accountants, and holds a bachelor's degree in Economics from Macquarie University in Sydney, Australia.

Force Protection's Buffalo route clearance and Cougar urban fighting vehicles have kept troops safe in the face of more than 1,000 mine detonations and IED attacks since 2003. More than 200 of these mine-armored vehicles have been delivered to the U.S. government.
 
Posted by Repoman75 on :
 
Someone is eating up shares right under $9.... massive daily accumulation. The daytraders exit daily, and someone scoops them up. When news hits, daytraders will chase, easy over $10 in 1 day... when the next contract hits.
 
Posted by Jo4321 on :
 
Anyone who missed out may want to take a look at FRPT now. Dipping down to $8.55 currently.
 
Posted by Repoman75 on :
 
Won't stay there long. Army is giving out contracts left and right... we should be due for one any day now.
 
Posted by Jo4321 on :
 
I don't have any available funds to buy on this dip. Just picked up more yesterday at $8.90. Shoulda waited. But this is a great opportunity for others.

Jo
 
Posted by Jo4321 on :
 
Nice report at

http://catalystresearch.biz/files/CFR__FRPT_Note_09_26_06.pdf

Hope someone was able to get in on this today when it was down at 8.25-8.30 Going back up now. Currently $8.85

Jo
 
Posted by Repoman75 on :
 
Patience... $15 by EOY. I still stand by that prediction.
 
Posted by Repoman75 on :
 
Ok, because I believe in full disclosure, I am letting everyone know I sold 1/2 my position today to lock in profits. Why? 3 insiders have sold shares over the past 3 days.... now, long term this stock has potential, and I still say $15 by EOY, but I think now it may retrace into the $7's, and I'll buy back then.

First bad sign on this stock in a while, and I have to keep to my rules (never fall in love with a stock).
 
Posted by Repoman75 on :
 
Nevermind, I bought back in... if it hits $8.25, I'm selling it all and waiting for the next news event.
 
Posted by Mr. CATIAEngineer on :
 
This one is making that "fall in love with a stock" rule tough i imagine. I cant even remember how it got on my watch list but i remember it being $5 something and before i knew it its peakin 9 bucks.

With all the craziness in the middle east right now i couldnt argue with that $15. Could be a gem huh. Chart makes me timid though, maybe i need to read more.
 
Posted by Repoman75 on :
 
It dropped today because of a bad "report" from some stock site... probably manipulated by shorts, as short interest has risen 200% in the last month... one PR and they fry.
 
Posted by Jo4321 on :
 
I was wondering what the heck happenned. I know there was some insider selling, but surely folks know that the CEO wouldn't sell on upcoming bad news, lest he suffer a "Martha Stewart" type scenario.

Jo
 
Posted by Jo4321 on :
 
Ouch!
 
Posted by Repoman75 on :
 
Still holding now... and you're right. No way the CEO, CFO and another insider would sell all around the same time right before bad news. That would = Enron.

So either these were planned sells, or they need that money for some other business venture.

I doubht we will stay below $8 (may trade below, but that's it). And, we have shorties all over the place. One blockbuster PR and this goes to $10 on the covering.
 
Posted by Repoman75 on :
 
Form 8-K for FORCE PROTECTION INC


--------------------------------------------------------------------------------

28-Sep-2006

Entry into a Material Definitive Agreement, Financial Statements and Exhibit


ITEM 1.01 ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT.
On September 28, 2006, our wholly-owned subsidiary, Force Protection Industries, Inc., entered into a Memorandum of Agreement and Cooperation with Mechem, a Division of Denel (PTY), Ltd., extending the period of exclusive cooperation between the companies and the payment of vehicle fees to Mechem for an additional five years. Under the terms of the Agreement, Mechem agrees to exclusively provide technology, intellectual property rights and other proprietary information related to certain vehicle components and systems of our blast and ballistic protected armored vehicles. In consideration for these services, Force Protection Industries, Inc. will pay Mechem a per vehicle fee.
 
Posted by Repoman75 on :
 
There may be a huge order either today or Monday morning... keep your eye on the news.
 
Posted by Repoman75 on :
 
FRPT: Force Protection: Firm's Top Pick; focus on defense budget conference, passage should bring flow of orders - CE Unterberg (7.91)
[Update]
CE Unterberg says with the recent pullback in the shares, as well as a
promising (though still pending) FY07 Defense appropriations bill, they are highlighting FRPT as their top pick. Firm believes the stock's recent weakness reflects investor concern over insider selling, and is overdone. Firm believes the selling is primarily from 10b5-1 plans and were set in motion months ago and do not reflect an opinion of upcoming business. Firm believes focus should instead be placed on the defense budget conference report, which includes substantial funding for the Joint IED Defeat Fund and FRPT's Cougar variants.

Firm believes the bill is close to final passage in the Senate and that orders should begin flowing in shortly after the new government fiscal year begins. Firm believes the current stock price is a compelling buying point. Firm reiterates their Buy recommendation and $11 tgt.
 
Posted by Repoman75 on :
 
Force Protection Extends Agreement with South African Technology Partner
Friday September 29, 9:00 am ET


LADSON, S.C.--(BUSINESS WIRE)--Force Protection, Inc. (OTCBB:FRPT - News) today announced that it has reached an agreement with MECHEM, a division of DENEL (Pty) Ltd of South Africa, to extend the term of their relationship for an additional five years effective September 13, 2006.

Under the agreement, MECHEM, an organization that specializes in the supply of landmine detection, de-mining, and unexploded ordnance disposal equipment and services, will continue to work exclusively with Force Protection on all projects relating to the exploitation of its technology.

"We are extremely pleased to continue this important relationship," said Force Protection CEO Gordon McGilton. "As a world leader in the field of humanitarian de-mining, MECHEM has unequaled knowledge and expertise in the detection, removal and defeat of all types of explosive devices. They will be an invaluable resource to Force Protection's expanding R&D initiatives."

Force Protection manufactures the Cougar and Buffalo mine-protected vehicles that have been deployed in Iraq and Afghanistan since 2003. Despite thousands of mine detonations and IED attacks, no fatalities have occurred in a Force Protection vehicle.

About MECHEM

MECHEM, a division of DENEL (Pty) Ltd (South Africa), specializes in the supply of landmine detection, de-mining and unexploded ordnance disposal equipment, services and consulting. It was established in the late 1960's, originally as a research unit of the Council for Scientific and Industrial Research (CSIR) in South Africa, culminating into a division of DENEL (South Africa). MECHEM has been involved in the research and development of anti-landmine technology for the past 30 years.
 
Posted by Repoman75 on :
 
Back to 8.50... everyone breathe easy, heading back toward $10.

HUGE NEWS ON MONDAY AM ABOUT CONTRACTS, IMO.
 
Posted by Repoman75 on :
 
Safe truck, explosive business
Force Protection manufactures trucks that can protect its passengers from a landmine blast.
By Maggie Overfelt, FSB writer-reporter
October 2 2006: 10:57 AM EDT


(FSB Magazine) -- The UN estimates that more than 110 million active landmines lurk beneath roads and fields around the world, and for every mine cleared, 20 are planted. That's a growing market for Force Protection (Charts), a Ladson, S.C., manufacturer of armored vehicles.

Unlike its competitors, Force Protection fits its trucks - such as the Buffalo, pictured - with V-shaped hulls, which deflect the energy blasted from mines up into the sides of the chassis instead of directly at it.

"Soldiers have a much better chance of coming back alive in our vehicles vs. anything else," says vice president Michael Aldrich. In the three years since the trucks were launched, no fatalities have been reported in any Force Protection truck.

Britain, Israel and South Africa have inquired about using the company's trucks, but Force Protection's recent revenue spike - from $6 million in 2003 to more than $200 million so far this year - comes from U.S. government contracts.

About 200 trucks have been shipped to Iraq, and in May, Force Protection won a $445 million multiyear contract from the Pentagon to build 1,000 trucks for the Iraqi army. The first Cougars, four-by-four trucks that fit ten soldiers and can hit speeds of up to 75 mph, were shipped in July.
 
Posted by Repoman75 on :
 
Booyah.

Force Protection, Inc. Breaks Production Records in September
Monday October 2, 12:10 pm ET


LADSON, S.C.--(BUSINESS WIRE)--Armored vehicle manufacturer Force Protection, Inc. (OTCBB:FRPT - News) exceeded production records in September as it delivered more than 30 of its Buffalo, Cougar Joint Explosive Ordnance Disposal Rapid Response (JERRV), and Iraqi Light Armored (ILAV) vehicles to the U.S. government.

"In addition to our September vehicle deliveries, we have also verified the successful integration of improved materials such as domestic steel for the JERRV and Buffalo vehicles," said Vice President for Program Management Damon Walsh. "The effect of this testing is to increase the availability of raw materials for vehicle production, which in turn enhances our ability to increase production to meet customer demand."

Force Protection vehicles have been deployed in Iraq and Afghanistan since 2003 without a fatality to a passenger. This unmatched record of success has led to major contract awards from U.S. and Coalition governments who recognize the vital role of the vehicles for their armed forces.

"Force Protection continues to experience the fruits of its efforts to ramp up production of these life-saving vehicles," said CEO Gordon McGilton. "We are currently ahead of schedule in deliveries of the Cougar JERRV and are on track with our Buffalo and ILAV programs. We are fulfilling our commitment to get the highest levels of protection available to the field as quickly as possible."
 
Posted by Jo4321 on :
 
Let's get this baby up where it deserves to be.

New HOD $8.24.
 
Posted by Repoman75 on :
 
Jo!! Here is what you need to know in terms of the Hummer contracts... we should hear news about NASDAQ listing by end of Oct.

Here's the proposed schedule -

The notional draft schedule for the competitive Category I and II vehicle acquisition is as follows:
RFP release Oct 06
Receipt of proposals Nov 06
Award of IDIQ contract(s) Nov/Dec 06 (if FRPT is chosen, as it will be as a testee, this will push us over $10)
Deliver of Vehicles for Test Jan/Feb 07
Government Testing Feb/Mar 07
Award IDIQ orders for remaining vehicles, Mar 07 (if they get this, can you say $30??)
 
Posted by gagged_n_burried on :
 
got some at 8.09 today.. hoping for a swing,.. been a while!
 
Posted by Repoman75 on :
 
3 AH fills totaling 130K shares at 8.5766... shorts covering in a panic!
 
Posted by gagged_n_burried on :
 
close today.. 9.15 IMO... any takers??
 
Posted by Repoman75 on :
 
I think near $9... but we need the goddamn October orders... DoD is still releaasing Sept. orders.
 
Posted by Jo4321 on :
 
We can't have FRPT slipping off page one. Especially when she's up more than 50-cents.

FRPT will be an exhibitor here next Monday.

http://www.ausa.org/www/AM2006.nsf/Home?OpenForm
 
Posted by Repoman75 on :
 
Maybe news for the DoD this afternoon after the close....
 
Posted by stocktrader2006 on :
 
quote:
Originally posted by Repoman75:
Maybe news for the DoD this afternoon after the close....

Ya probably that Rumsfeld has had an affair with a 12 year old Iraqi boy.............lol
 
Posted by Jo4321 on :
 
quote:
RFP release Oct 06

What's RFP stand for?
[Confused]
Thanks.
 
Posted by Sandusky on :
 
RFP: Request for Proposal
RFQ: Request for Quote
RFI: Request for Information
 
Posted by Jo4321 on :
 
thank you.
 
Posted by Repoman75 on :
 
Jo, get back in... is this the Cheetah?

DJ BAE Systems Adds Wheeled Vehicles To Core US Strategy

10/06/2006
Dow Jones News Services
(Copyright © 2006 Dow Jones & Company, Inc.)


By Rebecca Christie
Of DOW JONES NEWSWIRES

WASHINGTON (Dow Jones)--BAE Systems PLC (BAESY) has added wheeled vehicles to the core of its U.S. product strategy, now that the U.S. Army and the Marines are looking at multibillion-dollar investments in mine-proof troop transports.

Raj Rajagopal, general manager of BAE's ground systems unit, said Friday that the company has a new offering called the RG33L, a production-ready 6x6 vehicle. The company plans to compete in upcoming Army and Marine Corps contests that could lead to contracts next year.

Wheeled vehicles are a new venture for BAE, which already makes the Bradley tracked troop transport and also is designing new equipment for the Army's $165 billion Future Combat Systems program.

"That's something that in the past we've not done a lot with, but we see significant growth," Rajagopal said at a Washington press briefing. BAE's current lineup includes products from the former United Defense Industries, which BAE purchased in 2005.

The other main elements of BAE's land systems strategy are resetting Army equipment used in Iraq and Afghanistan, Army modernization efforts, Future Combat Systems, and a range of electronic systems and armor to augment vehicles in these other categories.

Rajagopal said BAE isn't currently worried about a possible break in its Bradley production line. Army cash flow difficulties raised the prospect of a production stoppage at one point this year, but those fears were never realized, he said. New budget legislation doesn't raise new prospects of an imminent line break, he said.
 
Posted by Jo4321 on :
 
I haven't sold all.

Hope it's the cheetah!
 
Posted by Jo4321 on :
 
Ervin resignation. (getting ready for Nasdaq?)

http://biz.yahoo.com/e/061006/frpt.ob8-k.html
--------------

Form 8-K for FORCE PROTECTION INC
--------------------------------------------------------------------------------

6-Oct-2006

Change in Directors or Principal Officers, Financial Statements and Exhibits

ITEM 5.02 DEPARTURE OF DIRECTORS OR PRINCIPAL OFFICERS; ELECTION OF
DIRECTORS; APPOINTMENT OF PRINCIPAL OFFICERS.
On October 3, 2006, the board of directors accepted the resignation of R. Scott Ervin as director of Force Protection, Inc. Mr. Ervin will retain his positions as Acting Chief Financial Officer and General Counsel.

This report may contain forward-looking statements that involve risks and uncertainties, including, without limitation, statements concerning our business and possible or assumed future results of operations. We generally use words such as "believe," "may," "could," "will," "intend," "expect," "anticipate," "plan," and similar expressions to identify forward-looking statements. You should not place undue reliance on these forward-looking statements. Our actual results could differ materially from those anticipated in the forward-looking statements for many reasons including: our ability to continue as a going concern, adverse economic changes affecting markets we serve; competition in our markets and industry segments; our timing and the profitability of entering new markets; greater than expected costs, customer acceptance of our products or difficulties related to our integration of the businesses we may acquire; and other risks and uncertainties as may be detailed from time to time in our public announcements and SEC filings. Although we believe the expectations reflected in the forward-looking statements are reasonable, they relate only to events as of the date on which the statements are made, and our future results, levels of activity, performance or achievements may not meet these expectations. We do not intend to update any of the forward-looking statements after the date of this document to conform these statements to actual results or to changes in our expectations, except as required by law.


ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS
EXHIBIT NUMBER DESCRIPTION
17.1 Resignation letter from R. Scott Ervin, dated October 3, 2006.
 
Posted by Jo4321 on :
 
--------------
Here they go again....insider sales.

Form 144: Filing to Sell 83333 Shares of Force Protection Inc (FRPT)
6:43 p.m. 10/06/2006 Provided by

Oct 06, 2006 (Vickers Stock Research via COMTEX) -- Document Processing Date: October 05, 2006

Filer: MCGILTON, GORDON Relation:
Stock Name: Force Protection Inc Stock CUSIP: 345203202
Stock Symbol: FRPT Exchange: OTC
Transaction date: September 26, 2006 Shares for sale: 83333 Value held: $741663


---------------------------------

Form 144: Filing to Sell 4125 Shares of Force Protection Inc (FRPT)
6:43 p.m. 10/06/2006 Provided by

Oct 06, 2006 (Vickers Stock Research via COMTEX) -- Document Processing Date: October 05, 2006

Filer: CHARTERS, GLEN EDMUND Relation:
Stock Name: Force Protection Inc Stock CUSIP: 345203202
Stock Symbol: FRPT Exchange: OTC
Transaction date: September 30, 2006 Shares for sale: 4125 Value held: $38156

--------------------
 
Posted by Repoman75 on :
 
quote:
Originally posted by Jo4321:
Ervin resignation. (getting ready for Nasdaq?)

http://biz.yahoo.com/e/061006/frpt.ob8-k.html
--------------

Form 8-K for FORCE PROTECTION INC
--------------------------------------------------------------------------------

6-Oct-2006

Change in Directors or Principal Officers, Financial Statements and Exhibits

ITEM 5.02 DEPARTURE OF DIRECTORS OR PRINCIPAL OFFICERS; ELECTION OF
DIRECTORS; APPOINTMENT OF PRINCIPAL OFFICERS.
On October 3, 2006, the board of directors accepted the resignation of R. Scott Ervin as director of Force Protection, Inc. Mr. Ervin will retain his positions as Acting Chief Financial Officer and General Counsel.

This report may contain forward-looking statements that involve risks and uncertainties, including, without limitation, statements concerning our business and possible or assumed future results of operations. We generally use words such as "believe," "may," "could," "will," "intend," "expect," "anticipate," "plan," and similar expressions to identify forward-looking statements. You should not place undue reliance on these forward-looking statements. Our actual results could differ materially from those anticipated in the forward-looking statements for many reasons including: our ability to continue as a going concern, adverse economic changes affecting markets we serve; competition in our markets and industry segments; our timing and the profitability of entering new markets; greater than expected costs, customer acceptance of our products or difficulties related to our integration of the businesses we may acquire; and other risks and uncertainties as may be detailed from time to time in our public announcements and SEC filings. Although we believe the expectations reflected in the forward-looking statements are reasonable, they relate only to events as of the date on which the statements are made, and our future results, levels of activity, performance or achievements may not meet these expectations. We do not intend to update any of the forward-looking statements after the date of this document to conform these statements to actual results or to changes in our expectations, except as required by law.


ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS
EXHIBIT NUMBER DESCRIPTION
17.1 Resignation letter from R. Scott Ervin, dated October 3, 2006.

Yes! This is why the stock when up! They now have enough independent directors.... Nasdaq in about 3 weeks.
 
Posted by Repoman75 on :
 
With the N. Korea test, we may get a nice bump as a defense stock.
 
Posted by Jo4321 on :
 
Force Protection, Inc. Unveils Cheetah, Its New Vehicle Series, on Capitol Hill
Business Wire - October 13, 2006 09:28

WASHINGTON, Oct 13, 2006 (BUSINESS WIRE) -- Armored vehicle manufacturer Force Protection, Inc. (OTCBB:FRPT), maker of the Buffalo and Cougar blast- and ballistic-protected vehicles deployed with U.S. armed forces since 2003, unveiled its newest vehicle series, the Cheetah, on Capitol Hill Tuesday (10/10).

The Cheetah combines Force Protection's state-of-the-art blast protection technology with the mobility of a unique light-armored vehicle design ideal for reconnaissance, forward command and control, and urban operations.

More than 250 Hill staff members attended a briefing on the performance of the Buffalo and Cougar, neither of which has sustained fatalities to any passenger in three years of active operations in the global war on terror. Following the briefing, staffers took turns riding in the Cheetah near the Capitol building.

"We deeply appreciate the support we've received from you all," Force Protection Vice President for Sales Michael Aldrich told the capacity crowd. "We could not produce the vehicles in the numbers we do without your hard work and the resources you provide industry in the global war on terror."

Force Protection was a featured exhibitor this week at the 2006 AUSA Annual Meeting in the Washington, DC Convention Center, where it also introduced a field ambulance variation on the design of the company's Cougar 6x6 vehicle. When fielded, it will be the first fully mine-protected battle ambulance in use with United States forces.

To view pictures of the Cheetah on Capitol Hill, click here (http://www.forceprotection.net/models/cheetah/).

SOURCE: Force Protection, Inc.

Policy Impact Strategic Communications
Jeff Child, 202-737-5339 (Media Contact)
jchild*policyimpact.com
or
Force Protection, Inc.
Investor Relations, 843-740-7015
investorrelations*forceprotectioninc.com

Copyright Business Wire 2006
 
Posted by Jo4321 on :
 
Somehow I missed this last night. Is this what is taking the price down today?

----------------

Form 4: Update Filing for Force Protection Inc (FRPT)
7:30 p.m. 10/12/2006 Provided by


Oct 12, 2006 (Vickers Stock Research via COMTEX) -- Document Processing Date: October 11, 2006

Stock Name: Force Protection Inc Stock CUSIP: 345203202

Filer: MCGILTON, GORDON RONAL Position: Chief Executive Officer

Stock Symbol: FRPT Exchange: OTC Stock Type: COM

Transaction period: October 11, 2006 Trade amount: 122600 shares Trade type: Automatic Sell Trade price range: $8.115

Shares still held: 7734 shares Own Type: Direct

-------------------------

Am I reading this correctly, that McGilton now only has 7734 shares left? I think REPOMAN has more than that LOL!

Jo
 
Posted by Repoman75 on :
 
No idea what happened today Jo... lots of good news, yet insiders bailing... NASDAQ application in 2 weeks. I think they are on the verge of getting bought out.
 
Posted by Jo4321 on :
 
Perhaps the insiders are selling so that there are not restrictions on their stock once the BuyOut comes?

Jo
 
Posted by captain america on :
 
maybe Gordon and Frank arnt part of the buy out? Taking their money before the new management comes in. just a wild guess.

INSIDER & RULE 144 TRANSACTIONS REPORTED - LAST TWO YEARS
Date Insider Shares Type Transaction Value*
11-Oct-06 MCGILTON GORDON RONALD
Officer 122,600 Direct Sale at $8.11 per share. $994,285
10-Oct-06 MCGILTON GORDON RONALD
Officer 77,400 Direct Sale at $8.17 per share. $632,358
9-Oct-06 MCGILTON GORDON RONALD
Officer 100,000 Direct Sale at $8.38 per share. $838,000
5-Oct-06 KAVANAUGH FRANK
Director 287,277 Indirect Sale at $8.11 per share. $2,329,816
4-Oct-06 KAVANAUGH FRANK
Director 114,123 Indirect Sale at $8.48 per share. $967,763
3-Oct-06 KAVANAUGH FRANK
Director 178,600 Indirect Sale at $8.55 per share. $1,527,030
26-Sep-06 MCGILTON GORDON RONALD
Officer 83,333 Direct Sale at $8.77 per share. $730,830
25-Sep-06 ERVIN R SCOTT
Director 197,336 Direct Sale at $8.90 - $9.1 per share. $1,776,0002
22-Sep-06 ERVIN R SCOTT
Director 129,500 Direct Sale at $8.90 - $9.05 per share. $1,162,0002
21-Sep-06 ERVIN R SCOTT
Director 134,000 Direct Sale at $8.99 - $9.14 per share. $1,215,0002
19-Sep-06 KAVANAUGH FRANK
Director 200,000 Direct Disposition (Non Open Market) at $0 per share. N/A
18-Sep-06 KAVANAUGH FRANK
Director 84,865 Indirect Sale at $7.98 per share. $677,222
15-Sep-06 KAVANAUGH FRANK
Director 599,640 Indirect Sale at $7.48 per share. $4,485,307
14-Sep-06 KAVANAUGH FRANK
Director 213,905 Indirect Sale at $7.09 per share. $1,516,586
13-Sep-06 KAVANAUGH FRANK
Director 101,590 Indirect Sale at $7.21 per share. $732,463
12-Sep-06 KAVANAUGH FRANK
Director 119,750 Indirect Sale at $7.36 per share. $881,360
11-Sep-06 KAVANAUGH FRANK
Director 119,750 Indirect Sale at $7.01 per share. $839,447
7-Sep-06 KAVANAUGH FRANK
Director 247,035 Indirect Sale at $6.56 per share. $1,620,549
6-Sep-06 KAVANAUGH FRANK
Director 87,465 Indirect Sale at $6.75 per share. $590,388
6-Sep-06 KAVANAUGH FRANK
Director 220,000 Indirect Disposition (Non Open Market) at $0 per share. N/A
5-Sep-06 KAVANAUGH FRANK
Director 117,000 Indirect Sale at $6.87 per share. $803,790
 
Posted by captain america on :
 
wow jo4321 on the same wave length i guess too funny.
 
Posted by Jo4321 on :
 
Great minds think alike. [Wink]

Jo
 
Posted by Jo4321 on :
 
Forbes magazine article:

Amor's Next Target?

Armor's Next Target?
Matthew Swibel 10.30.06

Not a single serviceman has been killed riding in the 23-ton Buffalo vehicle or the 17-ton Cougar urban fighting vehicle used in thousands of missions on the bloodiest routes in Iraq and Afghanistan. That's a record Humvees fortified by Armor Holdings can't match. In January 2006 the Army ordered 41 Buffalos from Force Protection Industries, the $50 million (sales) company, which also builds the Cougar and two other models. The Buffalos, which earn rave reviews for protecting convoys from mines and improvised explosive devices, incorporate components from Caterpillar (nyse: CAT - news - people ), General Motors (nyse: GM - news - people ), Volvo Group and Mack Trucks. The Army's fiscal 2007 budget includes $180 million for another 250 to 300 Buffalos over three years. The company recently won a $65 million contract from the British government for 85 Cougar-based vehicles.

Unlike armored Humvees, Force Protection vehicles feature a V-shape hull that sits on the axle. "This leaves the vehicle less vulnerable to blast energy," says Michael Aldrich, vice president of marketing at Force Protection, which forecasts 2006 sales of $200 million. With production at capacity at its main campus in South Carolina, Force Protection is in discussions to set up another assembly line at Armor Holdings' Stewart & Stevenson plant. "Armor Holdings has expertise in this field that makes a partnership look good to both of us," Aldrich says.

Might a partnership lead to an acquisition? "We think they have great products," allows Armor Holdings' Schiller.
 
Posted by captain america on :
 
nice job jo

www.armorholdings.com
 
Posted by Jo4321 on :
 
More good publicity!


Iraq war helps rev up sales of Force Protection vehicles

(c) 2006, The State, Columbia, S.C.
October 15, 2006

For more than six years, Force Protection Inc. tried to sell the U.S. military armored vehicles designed to survive land mine blasts.

But the Army was leery of buying into another bulky, multimillion dollar piece of machinery.

Then, after the U.S.-led invasion of Iraq in 2003, troops began dying because of roadside bombs in Iraq — and suddenly Force Protection had something the Army wanted.

“If you want to clean up this type of menace, you need a vehicle like this,” said Michael Aldrich, Force Protection’s vice president of marketing and government relations.

This year, he said, the company is on track to reach $200 million in sales — up from $10 million two years ago.

The company built just 11 of its Buffalo mine-clearing vehicles in 2003, Aldrich said. Now, it builds 15 in a month and has added two other models — the Cougar and the Cheetah.

In November, the company will be named one of the state’s fastest-growing companies by Elliott Davis accounting firm and the S.C. Chamber of Commerce.

Force Protection was started in San Diego in 1996 as Sonic Jet. The company struggled, Aldrich said, and its owners decided they would do better on the East Coast and closer to Washington D.C., where spending decisions are made.

They changed the company’s name and moved to Ladson, near Charleston Air Force Base in 1997.

Originally, the founders thought they could sell the hulking Buffalo because so many countries around the world are littered with land mines — the remnants of 60-year-old Cold War defenses and countless civil wars.

The fully-loaded, 80,000-pound Buffalo — the weight of five backhoes — is recognizable for the long arm attached to its front that ends in a claw nastier than those found on Wolverine, the X-Men comic book hero.

But sales didn’t take off.

Even after the United States went to war in Afghanistan and then in Iraq, the military was slow to order Force Protection’s vehicles.

John Pike, executive director of the military information database GlobalSecurity.org, said the military was reluctant to spend money on machines it might not need in the long run.

“They thought initially we weren’t going to be in Iraq that long, and we didn’t want to get stuck with this big pile of vehicles,” Pike said.

Plus, the Buffalo and Cougar — a troop transport — are extremely heavy and difficult to transport. They also get poor gas mileage; the Buffalo ranges about 7 miles per gallon while the Cougar gets about 9.

As the wars dragged on, Pike said, the military became more willing to plunk down money for Buffalo and Cougar.

“These vehicles are outstanding in the context of Iraq,” he said.

Thus far, no American troops have died while riding in a Force Protection vehicle in Iraq or Afghanistan, Aldrich said.

The key to survival is an undercarriage with a V-shaped hull — rather than a flat surface — that absorbs mine blasts.

There is no room for error in manufacturing, Aldrich said. Every hull is carefully inspected for weak spots.

“If there are any bubbles in the weld at all,” he said, “the blast will find it.”

The company also makes Buffaloes and Cougars extremely heavy so they do not flip.

“Once a vehicle flips, you suppress spinal cords and snap necks,” Aldrich said.

In Ladson, Force Protection has found a pool of nuclear-certified welders — left over from the Navy’s operations in Charleston — to make its vehicles.

Still, Aldrich said, the company can’t build Buffaloes and Cougars fast enough.

As a result, it now works with larger defense companies such as BAE Systems to build its vehicles faster. Force Protection retains control over the design, Aldrich said, but other companies build them.

Force Protection works with more than a dozen South Carolina-based companies to build the vehicles and its contracts with those companies total about $16 million, said Jeff Child, a company spokesman.

Once Buffaloes and Cougars roll off the production line at Force Protection’s Ladson facility, they go straight to combat zones. They are loaded onto ships at PortCharleston or put on C-17 cargo planes at Charleston Air Force Base.

“We sometimes refer to it as herding Buffaloes,” Aldrich said. “They come off our production line, are driven eight miles down the road, put on C-17s, and two days later it’s in the war zone.”

Now that Buffaloes and Cougars have proven themselves in combat, Pike said, the military is taking a closer look. The Navy and Marine Corps are developing their own versions.

The big decision is whether the vehicles will continue to serve in specialized roles or if they eventually can replace Humvees as the vehicle of choice for soldiers in Iraq and Afghanistan.

If the latter happens, Pike said, Force Protection stands to make even more money.

Reach Phillips at (803) 771-8307.
 
Posted by captain america on :
 
hope you dont mind jo i posted some of your great info on the ihub frpt board.
 
Posted by Jo4321 on :
 
No problem. I didn't think that board was still active!

Jo
 
Posted by Repoman75 on :
 
quote:
Originally posted by Jo4321:
Forbes magazine article:

Amor's Next Target?

Armor's Next Target?
Matthew Swibel 10.30.06

Not a single serviceman has been killed riding in the 23-ton Buffalo vehicle or the 17-ton Cougar urban fighting vehicle used in thousands of missions on the bloodiest routes in Iraq and Afghanistan. That's a record Humvees fortified by Armor Holdings can't match. In January 2006 the Army ordered 41 Buffalos from Force Protection Industries, the $50 million (sales) company, which also builds the Cougar and two other models. The Buffalos, which earn rave reviews for protecting convoys from mines and improvised explosive devices, incorporate components from Caterpillar (nyse: CAT - news - people ), General Motors (nyse: GM - news - people ), Volvo Group and Mack Trucks. The Army's fiscal 2007 budget includes $180 million for another 250 to 300 Buffalos over three years. The company recently won a $65 million contract from the British government for 85 Cougar-based vehicles.

Unlike armored Humvees, Force Protection vehicles feature a V-shape hull that sits on the axle. "This leaves the vehicle less vulnerable to blast energy," says Michael Aldrich, vice president of marketing at Force Protection, which forecasts 2006 sales of $200 million. With production at capacity at its main campus in South Carolina, Force Protection is in discussions to set up another assembly line at Armor Holdings' Stewart & Stevenson plant. "Armor Holdings has expertise in this field that makes a partnership look good to both of us," Aldrich says.

Might a partnership lead to an acquisition? "We think they have great products," allows Armor Holdings' Schiller.

KEEP YOUR EYE ON THE PRIZE.
 
Posted by Jo4321 on :
 
10q Detective is back

Friday, October 13, 2006
Force Protection Update -- Would Bernard Baruch Be a Buyer?


Famous Wall Street financier, Bernard Baruch (1870 – 1965), was reputed to have said: "Don't try to buy at the bottom and sell at the top. It can't be done except by liars."

Back in August, when the stock price of blast-protected military vehicle maker Force Protection (FRPT-$8.04) was already up about 306 percent, we expressed our concerns that—although the Company had an attractive product(s) and backlog—that (1) with relatively short production runs and high fixed factory costs, sustainability of future profitability would be difficult to predict; and (2) the price run-up in the stock already reflected the profits being reaped by the Company because of the U.S. military’s need to ramp-up of combat-ready protective vehicles for service in Iraq and Afghanistan.

Contrary to what the ardent bulls believe, the stock price of Force Protection continues to defy gravity. On September 23, 2006, the Common Stock price hit an intra-day (52-week) high of $9.43—probably fueled by investor euphoria after leaving—the revival tent—oops!—the annual shareholder meeting.

First described by Sir Isaac Newton in his universal law of gravitation, what goes up—must come down.

“Millions saw the apple fall, but Newton was the one who asked why” – Bernard Baruch.

As the following table highlights, selling of shares by insiders - which includes executives, directors and top shareholders at the Company - has been rampant in recent months. In our view, the Common Stock of Force Protection is Newton’s apple, almost ready to fall from the tree:

Beneficial
Owner Relation Transaction
Date Ownership
Action Shares Price
($)
Gordon R.
McGilton CEO 10-09-06 Disposed of 100,000 8.38
10-10-06 Disposed of 77,400 8.17
10-11-06 Disposed of 122,600 8.11
Frank
Kavanaugh Director 10-03-06 Disposed of 178,600 8.55
10-04-06 Disposed of 114,123 8.48
10-05-06 Disposed of 287,277 8.11
Gordon R.
McGilton CEO 9-26-06 Disposed of 83,333 8.77
Ervin R.
Scott Director 9-25-06 Disposed of 190,736 8.90 – 9.10
9-21-06 Disposed of 134,000 8.99 – 9.18
9-22-06 Disposed of 129,500 8.90 – 9.05
Frank
Kavanaugh Director 9-15-06 Disposed of 599,640 7.48
9-18-06 Disposed of 84,865 7.98

9-08-06 Disposed of 309,000 7.02
9-11-06 Disposed of 119,750 7.01
9-12-06 Disposed of 119,750 7.36
Ashford Capital, LLC
Frank Kavanaugh,
Mngr.
Disposed of 1.0 M Ongoing
On August 10, 2006, a prospectus related to the sale of up to 8,250,000 shares of Common Stock was filed by existing stockholders with the SEC. Force Protection will not receive proceeds from the sale of shares of Common Stock in this offering.


Is the stock price of Force Protection starting to tire?

On October 6, 2006, Congress approved a $448 billion defense-spending bill (including $70 billion in emergency spending for the Iraq and Afghanistan wars). The news boosted the prices of most defense contractors, with the Spade Defense Index (^DXS), which tracks the industry and trades on the American Stock Exchange, rising 4.3 percent in the last two weeks. The price of Force Protection dropped 0.7 percent in the same period.

In the appropriations bill are line items provisions that could prove attractive to the top-line of Force Protection, including contract opportunities for a chunk of the (1) almost $300 million allocated for Mine Resistant Utility Vehicles (MURVs); and (2) $1.7 billion targeted for the indigenous Iraqi Defenses Force as it continues to build-out its own security capabilities (which we assume would include armored vehicles).

If insiders thought that the Company was going to benefit from the latest appropriations bill, would it not be in their best interest to hold on to their shares?

“There is something about inside information which seems to paralyze a man's reasoning powers.” – Bernard Baruch

At the recent shareholder meeting, CEO Gordon McGilton remarked: “The future of the company looks better than it ever has, to those that are working in, and on, it daily. Vehicle deliveries to the customer are increasing steadily. We have now secured contracts with an international customer, and we have future products well into the development process that will create an even broader product offering as we go forward.”

“Never pay the slightest attention to what a company president ever says about his stock.” – Bernard Baruch

Apparently, the company's insiders seemed to have ignored McGilton's remarks (including himself). Granted, insiders sell for many reasons, but when Force Protection insiders register to dump (sell) on the market —or have already sold hand over fist—a combined 23.5 percent of the Common Stock float in the last ten weeks, this raises an ominous red flag.

There has been no reported insider buying during this time period, too.

“Do not blame anybody for your mistakes and failures.” – Bernard Baruch

There will be investors who will fail to heed this warning—instead, accusing the 10Q Detective of being a shill for short-sellers. As editor, I will repeat one more time: The 10Q Detective has NO financial interest in Force Protection and has a FULL DISCLOSURE policy.

In our view, fiscal 2007 may represent the cyclical peak in a multi-year rise in military spending. We caution that unseen rust may be corroding the underbelly of Force Protection’s armored growth engine. The catalysts for a precipitous collapse in the price of the Common Stock price include (a) the missing of unit volume targets because of delays in certain military contracts; (b) a November mid-term elections (majority) win by the Democrats in either the House or the Senate (which could lead to a future draw-down of U.S. troops in Iraq); and (c) less-than-anticipated contract wins.

“I made my money by selling too soon.” – Bernard Baruch

Editor David J Phillips does not have any financial interest in the stock of Force Protection (long or short). You can see his portfolio holdings in the sidebar. The 10Q Detective has a full disclosure policy.
posted by David J. Phillips at 11:43 PM
 
Posted by Repoman75 on :
 
Screw that guy. Last time he posted, we ran from $6.40 to $9.40....

Remember Jo, BIG PICTURE. Keep your eye on the prize (2 prizes):

1. NASDAQ listing
2. Buyout / merger.
 
Posted by Repoman75 on :
 
And most of those inside sales were PLANNED sales, dictated by time, price, etc.

They can't change the sales once planned... here is a good summary about planned sales.
 
Posted by Repoman75 on :
 
Hey, what do you know.... insiders BOUGHT today, though at $1.96.

http://secfilings.nasdaq.com/filingFrameset.asp?FileName=0001297077%2D06%2D00007 3%2Etxt&FilePath=%5C2006%5C10%5C16%5C&CoName=FORCE+PROTECTION+INC&FormType=4&Rcv dDate=10%2F16%2F2006&pdf=
 
Posted by GlassCrasher on :
 
Down big today on low volume, good buying opportunity.
 
Posted by Repoman75 on :
 
Yeah, this stinks. Oct. 26th can't come soon enough.
 
Posted by Jo4321 on :
 
Bought a little more, but not for as low as I could have today!

Repo, you aren't accepting PM's anymore? Why not? The CSDHE crew bothering you to much?

Jo
 
Posted by Repoman75 on :
 
Someone turned it off.... PM back on.
 
Posted by PCola77 on :
 
Haha. Repo, I actually tried to IM you something yesterday and couldn't. I figured you had put me on ignore. I was like "damn, wtf did I do to deserve that?"
 
Posted by Jo4321 on :
 
Stupid q', Repo, but what is the significance of the October 26th date. The hummer contracts don't come til November, right?

Hey we are in the same state.

Jo
 
Posted by Repoman75 on :
 
quote:
Originally posted by Jo4321:
Stupid q', Repo, but what is the significance of the October 26th date. The hummer contracts don't come til November, right?

Hey we are in the same state.

Jo

That's when FRPT has been trading over $5 for 90 days.... expecting NASDAQ application.
 
Posted by Lootcifer on :
 
Hey Jo and Repo, you might wanna check out VICL in pre-market. Big news just came out
 
Posted by Lootcifer on :
 
it hit a high of $7.20 at 8.15 just to give you an idea of how its moving.
 
Posted by Repoman75 on :
 
Up 23% already.
 
Posted by GlassCrasher on :
 
MM's took this down for no reason to 6.77. Looks like they shook out some weak hands.
 
Posted by Repoman75 on :
 
quote:
Originally posted by GlassCrasher:
MM's took this down for no reason to 6.77. Looks like they shook out some weak hands.

They helped out a big hedge fund who was shorting, *******s.
 
Posted by Jo4321 on :
 
Glad I was at school and didn't have to witness that drop to $6.77.

Nice recovery FRPT, as usual.

Jo
 
Posted by Jo4321 on :
 
IN THE NEWS


BAE Sytems Awarded $7.8 Million Contract Modification to Manufacture Additional ILAV Vehicles
Publisher: BAE Systems
Date: 10/23/2006

YORK, Pa. - BAE Systems has received a $7.8 million Foreign Military Sales contract modification to manufacture 20 additional Iraqi Light Armored Vehicles from the U.S. Army Tank-automotive and Armaments Command.

BAE Systems, as prime contractor, along with subcontractors Force Protection, Inc., based in Ladson, S.C., and Spartan Chassis, Inc., headquartered in Charlotte, Mich., will manufacture, test and provide logistics support for the Iraqi Light Armored Vehicles (ILAVs).

"We are pleased to provide additional ILAV vehicles to the U.S. Army destined for Iraqi military forces," said Joe Papapietro, ILAV program director for BAE Systems. "ILAV is a survivable, mobile, capable light armored vehicle that will help protect allied troops in Iraq."

The 4x4 ILAV leverages proven designs and includes a V-shaped hull designed to deflect the force of explosions away from passengers. The contract modification follows an initial order for 378 vehicles issued in May.

The total value of the indefinite-delivery/indefinite-quantity contract could reach $445.4 million and 1,050 vehicles, if all options are exercised. Work on the contract is ongoing with deliveries scheduled to continue through May 2007. The first ILAV's were delivered to Iraq 90 days after contract award.

About BAE Systems

BAE Systems is the premier trans-Atlantic defense and aerospace company
delivering a full range of products and services for air, land and naval forces, as well as advanced electronics, information technology solutions and customer support services. With more than 86,000 employees worldwide, BAE Systems sales exceeded $28 billion in 2005.

About Force Protection

Force Protection, Inc. manufactures ballistic- and mine-protected vehicles through its wholly owned subsidiary. These specialty vehicles are protected against landmines, hostile fire, and Improvised Explosive Devices (IEDs, commonly referred to as roadside bombs). Force Protection's mine and ballistic protection technology is among the most advanced in the world. The vehicles are manufactured outside Charleston, S.C. For more information on Force Protection and its vehicles, go to www.forceprotection.net.

About Spartan Chassis, Inc.

Spartan Chassis, Inc. (www.spartanchassis.com), a subsidiary of Spartan Motors, Inc. (Nasdaq: SPAR), is a leading developer and manufacturer of
specialty chassis for recreational vehicles, fire trucks and military defense vehicles. Spartan Motors (www.spartanmotors.com), which also manufactures emergency rescue vehicles under the brand names of Crimson
Fire, Crimson Fire Aerials and Road Rescue, reported sales of $343.0 million in 2005 and is focused on becoming the premier manufacturer of specialty vehicles and chassis in North America.
 
Posted by GlassCrasher on :
 
Taking another beating today. Hopefully they go to NASDAQ soon and avoid this Manipulation.
 
Posted by Jo4321 on :
 
Wasn't today the day that it's been trading over $5.00 for 90 days?

Sure would be nice to see an announcement in the AM.

Jo
 
Posted by Jo4321 on :
 
Nice article:
http://www.kwtx.com/forthood/headlines/1410897.html

New ‘buffalo’ roam in Baghdad
By Spc. Matthew McLaughlin, Task Force Baghdad


CAMP LIBERTY, Baghdad - If the Buffalo that once roamed the great plains of America had an impenetrable metal frame and a gigantic claw, they probably wouldn’t be an endangered species. In fact, they would prove quite resourceful in the global war against terrorism.

Soldiers from the 27th Engineer Company, Fort Bragg, N.C. are keeping the streets safe from improvised explosive devices with the Mine Clearing Purpose Vehicle “Buffalo,” a massive armored vehicle built to uncover IEDs and sustain their dangerous explosions.

The Buffalo was originally intended to deal with land mines, but the Army has adapted the vehicle to deal with the constant problem of IEDs. Currently, there are 14 Buffalos in Iraq, with as many as 15 being contracted for production, according to Defense Daily.

The 27th Engineers use the Buffalo to clear roads within the Commando Brigade’s area of responsibility. Sgt. Kevin Chose, a team leader with 27th Engineers, said he and his Soldiers are having a tremendous positive impact keeping the streets of Baghdad safe from IEDs.

“Every day before we go out, we say ‘let’s go find some bombs,’” he said.

“Even finding one IED makes a big difference. We know finding one saved lives. We’re all motivated to find something.”

Soldiers from 58th Engineers have already discovered and helped disarm many IEDs in less than a month, Chose said. They also helped take out several IEDs in the unconventional way: getting hit.

“We get a first hand view of IED impacts,” said Spc. Mark Campo, 27th Engineers. “It was like slow motion. I saw the cloud of debris coming towards me.”

All Soldiers in the Buffalo said they would rather have an IED hit them in a well-protected Buffalo than their comrades in a humvee.

One example of the Buffalo’s resistance to IEDs the engineers were especially proud of probably saved the lives of unsuspecting Iraqi Army Soldiers. On Dec. 4, the 27th Engineer Soldiers were approaching a suspected IED when it detonated only a few feet in front of them. No one was hurt in the attack and the Buffalo was not damaged, but moments later IASoldiers passed in an unarmored humvee. If the IED went off on the IA Soldiers, it would have been far worse, Chose said.

“It reaffirmed to me what we are doing over here,” he said. “If we weren’t there, eight or 10 guys wouldn’t be going home.”

Soldiers in the Buffalo also gained confidence in the abilities of their vehicle. A blast at such a close range would cause serious damage to a regular armored vehicle, but the Buffalo kept rolling, Campo said.

“I opened the top hatch to pull security,” he said. “There was debris everywhere, but there wasn’t a scratch on (the Buffalo.)”

The design and intention are different from any armored vehicle. The outside looks like a disgruntled trucker’s dream come true. Aside from its nearly impenetrable exterior, the Buffalo also features a remote-controlled mechanical claw used for inspecting IEDs. The inside of the Buffalo, however, looks more like a commercial aircraft than a combat vehicle. Five imitation-leather seats line the right and left windows. There is even a television monitor like those used in high-priced automobiles, used to examine potential IEDs.

Gale Aguilar, Force Protection executive officer, said the Buffalos’ success directly contributes to the Army’s decision to spend $11.8 million on new Buffalos.

"Our vehicles are saving lives by protecting our troops against the threat of landmine attacks and improvised explosive devices, which have been a deadly feature of the current combat."
 
Posted by Repoman75 on :
 
Back from the Bahamas and vacation... nice to be tan and relaxed.

I see the shorters are still at it here... but they will be surprised shortly. There is a release from the Marines that FRPT will get another order for 64 Buffaloes. Also, earnings come out in 3 weeks. Finally, if you listened to the SPAR conference call when they released earnings, they indicated that FRPT was giving them MORE business than what has been PR'd... And another analyst has given a $10.50 price target.
 
Posted by Jo4321 on :
 
Did you see Rufus Harris in the Bahamas?

I kind of missed you around here, Repoman.

Jo
 
Posted by Repoman75 on :
 
Hahaha... maybe he was that guy sleeping underneath a canoe on the beach...

Well, no need to be amiss Jo. I am back, and while October was a bad month for FRPT, I think Nov. will be much much better... we are off the SHO list today.
 
Posted by Repoman75 on :
 
Nov. 14th is earnings release date... very good news IMO.
 
Posted by Repoman75 on :
 
http://www.usatoday.com/news/world/iraq/2006-10-30-iraq-buffalos_x.htm

IED-resistant vehicles speeding to war zones

By Tom Vanden Brook, USA TODAY
WASHINGTON — The military is rushing armored vehicles with specially designed hulls to Iraq and Afghanistan to limit the damage from roadside bombs, the No. 1 killer of U.S. troops.
The bombs, which the military calls improvised explosive devices, or IEDs, have killed or wounded thousands of troops and shredded conventional military vehicles. The new vehicles have a V-shaped hull, which disperses the force of an explosion and helps keep the vehicle from flipping over.

"It's just going to be the standard for any vehicle on the battlefield over the next 10 years," John Pike, a military analyst at GlobalSecurity.org in Alexandria, Va., said of the V-shaped hull.

Not only are lives at stake, but also millions — and potentially billions — of dollars.

The Pentagon's Joint IED Defeat Organization is spending nearly $3.5 billion this year to combat IEDs. Pentagon records show that since the wars in Afghanistan and Iraq began, 1,074 troops have been killed and 11,513 others wounded by insurgent bombs.

A major Pentagon supplier of V-shaped vehicles is 9-year-old Force Protection of Ladson, S.C. The Pentagon says the number of the company's Buffalo and Cougar V-shaped vehicles in Iraq is classified, but public records show the military has bought almost 300. That compares with more than 35,000 Humvees, the military's main multipurpose vehicle, in Iraq. The Buffalo vehicles cost $750,000 apiece, about five times the cost of an armored Humvee, which is smaller.

Force Protection says nobody inside a Buffalo has been killed in Iraq or Afghanistan despite encountering thousands of IED blasts.

Retired general Montgomery Meigs, head of the anti-IED organization, said the Buffalo's armor and shape make it "a lot more robust than the Humvee."

Foreign companies, many of them in South Africa, have been the leaders in developing the vehicles. Some of the Pentagon's largest contractors are marketing V-shaped vehicles with foreign partners. They include:

•AM General, the maker of the Humvee, is pitching to the Pentagon a V-shaped armored car called the Cobra. It is made by Otokar, a Turkish company, and uses a Humvee drivetrain.

•Oshkosh Truck, which makes many of the military's trucks, has partnered with ADI of Australia to market the Bushmaster armored vehicle.

•Blackwater, a private security firm that protects U.S. diplomats in Iraq, developed is own vehicle, the Grizzly, which it will send to Iraq soon.

Sen. Lindsey Graham, a South Carolina Republican and a member of the Armed Services Committee, pushed the Pentagon to buy the Buffalo and Cougar.

Graham said the Pentagon has acted quickly to deploy the vehicles, without the kind of delays seen in sending body armor and armored Humvees to Iraq.

"This is an example of where (the Pentagon) has gotten it right," Graham said. "They're doing it as fast as they can."
 
Posted by Repoman75 on :
 
Buffalo was just profiled on FOX news!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! !!! They picked up the USA Today story.
 
Posted by Repoman75 on :
 
Fox news video clip.

http://www.foxnews.com/video2/player06.html?103106/103106_fol_clark&FOX_Online&B uffalo%20at%20War&acc&US&-1&News&291&&&exp
 
Posted by Jo4321 on :
 
Woo hoo!

I couldn't get the video with your link, so I just used this and then look on the upper right hand corner

http://www.foxnews.com/world/index.html#

Senator Lindsay Graham, (about Buffalos)
"This is where the Pentagon got it right."

General Wesley Clark, "The sooner we can get those vehicles (Buffalos) over there in large numbers the better off all our troops will be... There's nothing more important on that battlefield than protecting our soldiers".

Fox repeats everything over and over again. This should be great for tommorrow as people come home from work and watch the news!

Jo
 
Posted by Repoman75 on :
 
Yep, and USA today story will filter into local news stories.... big news coming out with earnings I hear in 2 weeks!
 
Posted by captain america on :
 
we are all over the news today! up we go !
 
Posted by Repoman75 on :
 
News.

U.S. Army Calls for More Force Protection Vehicles
Thursday November 2, 8:46 am ET
Manufacturer's armored vehicles make headlines


LADSON, S.C.--(BUSINESS WIRE)--Force Protection, Inc. (OTCBB:FRPT - News) today announced it has received a delivery order from the U.S. Army for 10 additional Buffalo mine-protected clearance vehicles. The order, worth an approximate $7.5 million, marks the fulfillment of a contract awarded by the Tank, Automotive and Armaments Command in Warren, Michigan for a total of 41 Buffalo vehicles.

Force Protection's Buffalo and Cougar vehicles have been featured in major national news publications in recent weeks. A Fox News Channel report broadcast on 10/31 cited the fact that there have been no fatalities in Force Protection vehicles since their deployment to Iraq and Afghanistan in 2003, despite thousands of IED attacks. Similar reports have been published in USA Today, Forbes Magazine, and Fortune Small Business Magazine.

"The performance of our vehicles speaks for itself," said Force Protection CEO Gordon McGilton. "We are pleased with the attention their critical role has received, and, most importantly, are gratified to hear constantly from the men and women in the field that the Buffalo and Cougar are saving lives everyday. This shows us that our objective to keep soldiers safe in the face of explosive threats by providing the most advanced blast protection technology available continues to be met."
 
Posted by Stefan on :
 
This is an amazing company. I don't know why it's still on the OTCBB and not the Nasdaq!
 
Posted by Repoman75 on :
 
More news... this stock has to explode to the upside soon. Goddamn shorts. Not to mention, an s-4 was filed that gave the CEO 500K warrants to buy at $7.48... so sooner or later, we'll be back over $9.

Force Protection, Inc. Named South Carolina's Fastest-Growing Company in 2006
Friday November 3, 8:45 am ET


LADSON, S.C.--(BUSINESS WIRE)--Force Protection, Inc. (OTCBB:FRPT - News) has been named South Carolina's fastest-growing company in 2006 by the state's leading accounting and business advisory firm, Elliott Davis, LLC, and by the South Carolina Chamber of Commerce.

The armored vehicle manufacturer was ranked first in the Top 25 winners who were announced Thursday (11/2) at the Chamber's Annual Summit event in Charleston. Now in its fifth year, the South Carolina's Fastest-Growing Companies(SM) program recognizes the private and publicly owned companies that have contributed to the state's economy through increases in revenue and employment.

"It is an honor for Force Protection to receive this recognition," said Force Protection COO Ray Pollard. "Since the company's beginning in 2003, the Palmetto State has continually had the resources we've needed to sustain our exponential growth. Force Protection is privileged to have South Carolina as an invaluable partner as we continue to provide our troops with the highest levels of blast protection available."

Force Protection has grown from a small start-up firm with fewer than a dozen employees in 2003 to a mainstream assembly line manufacturer with a workforce of more than 600 today. Production facilities and revenues have also expanded dramatically. The company's Buffalo and Cougar vehicles have been used by troops in Iraq and Afghanistan for more than three years without a single fatality.
 
Posted by MoneyMoneyMoney on :
 
"Cna you say, SCAM!*?"

I'm just repeating what you said with no links just like you [Wink] .

You and I oughta box it out sometime.
 
Posted by Repoman75 on :
 
quote:
Originally posted by MoneyMoneyMoney:
"Cna you say, SCAM!*?"

I'm just repeating what you said with no links just like you [Wink] .

You and I oughta box it out sometime.

I'd cripple you and leave you in a wheelchair.
 
Posted by Jo4321 on :
 
Hey guys, take it outside (the FRPT thread).

Jo
 
Posted by MoneyMoneyMoney on :
 
LOL, you have NO idea what'd you be getting into.
I'll tear you to pieces.
 
Posted by Repoman75 on :
 
quote:
Originally posted by MoneyMoneyMoney:
LOL, you have NO idea what'd you be getting into.
I'll tear you to pieces.

After I was done, I'd put a dress on you and call you "Sally".
 
Posted by Jo4321 on :
 
I'm curious to see how the election results affect FRPT today.

So far, I'm enjoying seeing the rise to HOD of $7.33.

Jo
 
Posted by Repoman75 on :
 
Its not the elections I worry about, its the earnings next week.... that will make us or break us for remainder of the year (unless we get a big contract or NASDAQ listing).
 
Posted by Repoman75 on :
 
Back on the SHO list as of yesterday.
 
Posted by Repoman75 on :
 
Watch FRPT in the coming weeks and months because of this announcement. Rumsfeld was all about up armoring Humvees... now the DoD and Dems will move fast to get the Army the vehicles they need to win now.
 
Posted by Jo4321 on :
 
I think you are right, Repo (although today's dip was mildly painful).

Some quotes below from the article "Rumsfeld's exit clouds defense policy"
quote:

Rumsfeld has been mired in controversy surrounding the Bush administration's handling of the war in Iraq, which was seen as a key reason for the Republican Party's loss of its majority in the House of Representatives.
His departure will almost certainly be greeted with relief by many in the military brass, who have stepped up public criticism of the Bush administration for thrusting soldiers into a war without adequate armor and without an adequate plan to secure Iraq.

quote:

But Democrats' control of the House may not bring wholesale changes in defense spending, at least not in the near-term.
"We're unlikely to see any change in the next fiscal year. After that, it's hard to say. But I think the Democrats will be on good behavior if they want to win the next presidential election," said Paul Nisbet, an aerospace analyst at JSA Research Inc., Newport, R.I.

quote:

Other analysts see Rumsfeld's departure as a possible boon to the defense industry, removing a figure that had become a liability in the military-industrial arena.
"The defense contractors were probably more worried that Rumsfeld staying in office would mean a loggerheads on different defense initiatives with Democrats trying to use spending procurement issues for leverage with other issues in Iraq," said Jon Kutler, founder of aerospace and defense investment firm Admiralty Partners and a former chairman and CEO of Jefferies Quarterdeck.
"This allows a new defense secretary to come in and give democrats more of what they want without holding the defense budget hostage," Kutler added.

quote:
Despite the enormous budgetary momentum behind the Defense Department, a change at the top is likely to mean adjustments in overall strategy.
"Rumsfeld was very much a proponent of air and naval power. The problem is that the foreign policy pursued by the Bush Administration doesn't match that defense structure - Iraq being the top example," said Ted Galen Carpenter, vice president for defense and foreign policy studies at the Cato Institute.
Iraq, on the other hand, is primarily a ground war requiring plenty of troops, a sore point among many military leaders who have struggled over the past three years with troop levels often seen as too few for the dangerous security work at hand.
"Something has to change - either the administration has to change its overall foreign policy, be much less proactive and interventionist, or it will have to expand its ground forces, the active duty Army and the Marine Corps," Carpenter said.
"The administration is likely to get some pressure even from Democrats on increasing the size of active duty forces," Carpenter added.


 
Posted by Stefan on :
 
Look for a huge pop in FRPT tomorrow!
 
Posted by captain america on :
 
check it out!

http://www.defenselink.mil/Contracts/Contract.aspx?ContractID=3378

NAVY

Force Protection Industries, Inc., Ladson, S.C., is being awarded a $125,000,000 letter contract for 100 Joint EOD Rapid Response Vehicles (JERRV) and 44 Buffalo vehicles with associated manuals, deployment kits, field representative support and training. Vehicles will be deployed to and supported in Iraq. This contract contains options, which if exercised, would bring the total estimated contract value to $200,000,000. The maximum ordering quantity will be 200 JERRV vehicles and 82 Buffalo vehicles. Work will be performed in Ladson, S.C., and is expected to be completed by November 2007 and their support will continue up to a year after fielding. Contract funds will not expire by the end of the current fiscal year. This contract is a sole source award to Force Protection Industries, Inc., based on an urgent and compelling need for the Government. The Marine Corps Systems Command, Quantico, Va., is the contracting activity (M67854-07D-5006).
 
Posted by Repoman75 on :
 
Not on news wires!!! $9 here we come again!
 
Posted by Repoman75 on :
 
Hit the wires!

More Force Protection Vehicles for the Global War on Terror
Friday November 10, 8:55 am ET
Manufacturer Receives $214 Million Contract Award


LADSON, S.C.--(BUSINESS WIRE)--Force Protection, Inc. (OTCBB:FRPT - News) today announced it has signed a U.S. Marine Corps contract for approximately 200 Cougar Joint EOD Rapid Response vehicles, 80 Buffalo mine-protected clearance vehicles, parts and services. The contract will be administered by the Marine Corps Systems Command, and is worth an estimated $214,124,450.


Force Protection vehicles have an unmatched safety record in Iraq and Afghanistan, withstanding thousands of mine detonations and IED attacks since 2003 without a fatality. The South Carolina-based manufacturer, recently named the fastest growing company in the state, has supplied all branches of American armed forces with its blast- and ballistic-protected vehicles.

"We constantly see evidence that the unique V-shaped hull design of our vehicles will be the standard for any vehicle on a 360-degree battlefield over the next 10 years," said Force Protection CEO Gordon McGilton. "They have been proven countless times in the most demanding conditions. These vehicles represent a solution to the explosive threats our troops face, and they are being delivered in greater and greater numbers."

Force Protection, cited in Forbes, Fortune and other national media recently, has delivered more than 300 vehicles to the U.S. government to date.
 
Posted by cactus33 on :
 
wow, look at it gapping up already..
 
Posted by Jo4321 on :
 
Well, glory be! Nice surprise this morning.
 
Posted by Repoman75 on :
 
Jo, our time has arrived I believe. This is the start to double digits. 10Q coming Monday or Tuesday, NASDAQ listing, and short squeeze.

LIKE RUTGERS, WE HAVE ARRIVED.
 
Posted by Igor R on :
 
Nice call on this one, wish i had the money [Frown] .
 
Posted by Jo4321 on :
 
Jeez, I woke up late this morning (no school due to Veteran's day. I saw this premarket action and rushed into cancel at GTC order I had for $7.30

I was too late, at exactly 9:30, it went through for $7.74.

I'm happy though, cause I've got plenty more where that came from (at higher buy prices), and at least it filled for higher than I was looking for.

Jo

Stephan, I'm curious. How'd you know about the "pop:? PM if you'd like.
 
Posted by Jo4321 on :
 
Nevermind Stephan, I see now that it was on the DOD site last night.

Jo
 
Posted by Repoman75 on :
 
MRAP Update Out
Max Quantity for Category I - Was 800 Now 1500
Pricing decision based on order of 500
Max Quantity for Category II - Was 400 Now 2600
Pricing evalutation based on order of 800

For those that are new to Force Protection, the Cougar is a strong contendor for Category II and the Cheetah and possibly Cougar are strong contendors for Category I.
 
Posted by Jo4321 on :
 
New HOD! Volume 3,400,000+
 
Posted by Stefan on :
 
Sorry I couldnt get on this morning, but any time FRPT announces a nice contract, always buy SPAR. Spartan Motors makes the chassis' for many of FRPTs vehicles. Was an easy entry this morning in 22.30s and now trading over 23.
 
Posted by Jo4321 on :
 
The hummer replacement proposals/awards are supposed to be this month right? Cheetah (former MUVer) in the running.

I didn't miss that contract being awarded to someone else, did I?

Jo
 
Posted by Jo4321 on :
 
The contract news now in the SC paper and more coverage in the paper tommorrow. This should keep it in the public eye over the weekend. It's a great Veterans Day story. What's better than saving Veterans' Lives??
----------------------------

Posted on Fri, Nov. 10, 2006
Force Protection lands huge contract with Marines
By NOELLE PHILLIPS
nophillips*thestate.com

The U.S. Marine Corps will spend more than $214 million to buy 280 armored vehicles from Ladson-based Force Protection Inc., the company announced Friday.

The Marines will buy 200 Cougar vehicles, which will be used as troop transports in Iraq, said Michael Aldrich, Force Protection’s vice president of marketing and government relations. The Marines also will buy 80 Buffalo vehicles for clearing land mines.

The Marine Corps $214 million is more than Force Protection earned in 2006 from selling the vehicles, Aldrich said.

“They just doubled us again,” he said.

For the full story, read Saturday’s editions of The State.
http://www.thestate.com/mld/thestate/news/breaking_news/15980603.htm

------------------------------------
 
Posted by Repoman75 on :
 
quote:
Originally posted by Jo4321:
The hummer replacement proposals/awards are supposed to be this month right? Cheetah (former MUVer) in the running.

I didn't miss that contract being awarded to someone else, did I?

Jo

They name the contenders this month, and no, not out yet.
 
Posted by Repoman75 on :
 
8.50 close.. nice to be WAY back in the black, instead of just a little. Earnings on the 15th.
 
Posted by Jo4321 on :
 
Dang, I expected the normal Friday sell off at close and sold off some at $8.52. Guess I'll have to wait til Monday for a pull-back. Where were the profit-takers with this one today?? It really held up.

Jo
 
Posted by Repoman75 on :
 
Check this out... same guys who recommended SOLM at .70 I think...

http://www.angelnexus.com/offers/web/71
 
Posted by Jo4321 on :
 
Hmmm, don't know whether to be happy about that link, Repo, since I still have some shares, or to be P.O'd that I didn't see that before I sold some today at close.

Could be my reverse Midas touch in play here. Jump on board!

Jo
 
Posted by Repoman75 on :
 
Force Protection lands huge military contract
Ladson company to supply 280 armored vehicles to Marines for $214 million
By NOELLE PHILLIPS
nophillips*thestate.com
Ladson-based Force Protection landed its largest military contract this week when the U.S. Marine Corps bought $214 million worth of its armored vehicles.

The single order equaled what the military has spent on Force Protection products in all of 2006.

“They doubled us again,” said Michael Aldrich, vice president of marketing and government relations.

Force Protection’s future sales should grow even more in 2007, Aldrich said.

The military is seeking bids on 4,000 armored vehicles that match specifications for Force Protection’s Cougar, Aldrich said. The company will bid as the Cougar is one-of-a-kind, he said.

The Marine Corps alone has budgeted $526 million in 2007 for similar vehicles, according to a notice posted on a federal government Web site. The notice says the vehicles will be used for urban combat operations and will serve as troop transports. It also mentions Force Protection’s Cougar as a model.

Force Protection will pair with other defense contractors on the bid because its manufacturing plant in Ladson isn’t big enough.

“That requires us to team aggressively with the largest armored vehicle manufacturers in the business,” Aldrich said. “Obviously, 4,000 vehicles would force us to move beyond the walls of Ladson and find partners elsewhere.”

Force Protection has no intention of moving out of South Carolina, he said. Instead, the company hopes to team with other defense contractors who already have a presence in the state.

Force Protection’s armored vehicles are in high demand because they can withstand blasts from land mines and improvised explosive devices, which have been killing U.S. soldiers by the 100s in Iraq. Thus far, no one has been killed in a Cougar or Buffalo in Iraq or Afghanistan.

The vehicles survive blasts thanks to their V-shaped hulls and because they are too heavy to flip on impact.

“They have been proven countless times in the most demanding conditions,” said Force Protection CEO Gordon McGilton. “These vehicles represent a solution to the explosive threats our troops face.”

Under the Marine Corps contract signed this week, Force Protection will build:

• Two-hundred Cougar vehicles to be used as troop transports.

• Eighty Buffalo vehicles, used for clearing land mines and other hidden explosives.

Aldrich said the Marine Corps is moving toward using the Cougar as a patrol vehicle because it is not as vulnerable as other vehicles on duty in Iraq such as Humvees.

“The Marines have special ordered the Cougar to try to eliminate, and certainly reduce, fatalities,” he said.

Marine Corps representatives could not be reached Friday because of the federal holiday.

Force Protection has grown from a small startup with fewer than 12 employees in 2003 to a large manufacturer with more than 600 employees today.

The company hires 25 to 40 people a week to keep up with the demand, Aldrich said.

Next week, Force Protection will launch production on the Cougar Mastiff for the British military. It also has built armored vehicles for the Iraqi army.

“It’s been a wild ride,” Aldrich said. “It’s very difficult to keep up with this pace of growth. But we don’t do it alone.”

Reach Phillips at (803) 771-8307
 
Posted by MoneyMoneyMoney on :
 
Very nice news!!!

Aroon showing soon uptrend with accum and dist as high as ever. MACD and RSI flying upward pretty hard.
http://stockcharts.com/h-sc/ui?s=FRPT&p=D&b=5&g=0&id=p22535270676
 
Posted by Repoman75 on :
 
First Cheetah order??? Hmmmmm... I think we have entered what I will call "Round 2".

https://www.neco.navy.mil/synopsis/detail.cfm?RecID=145439
 
Posted by Repoman75 on :
 
Moving up premarket... blow out earnings on the 15, IMO.
 
Posted by Jo4321 on :
 
Nearly $9.00 in premarket!
 
Posted by Repoman75 on :
 
Short Squuuuuuueeeeeeeeze!
 
Posted by Repoman75 on :
 
More coverage...

http://www.knobias.com/clipreport/clipreport.pdf
 
Posted by Repoman75 on :
 
Here's the EOD run! Earnings released EOD tomorrow. Blowout, IMO!

Watch the shorts capitulate tomorrow too!
 
Posted by Chart walker on :
 
Well maybe today we'll pop and stay above $9.

Come on double digits!! [Big Grin]
 
Posted by new2stocks on :
 
quote:
Originally posted by Chart walker:
Well maybe today we'll pop and stay above $9.

Come on double digits!! [Big Grin]

Nothing wrong with wishful thinking.....
 
Posted by Chart walker on :
 
Premarket $8.80 -gapping up! [Big Grin]
 
Posted by Chart walker on :
 
Good Morning New2 [Smile]
ASK: 8.84
 
Posted by Chart walker on :
 
Talk about a pullback ~

Filings out.... hmmmm...
 
Posted by Repoman75 on :
 
10Q:
http://secfilings.nasdaq.com/filingFrameset.asp?FileName=0001104659%2D06%2D07510 1%2Etxt&FilePath=%5C2006%5C11%5C14%5C&CoName=FORCE+PROTECTION+INC&FormType=10%2D Q&RcvdDate=11%2F14%2F2006&pdf=

PR:
Force Protection, Inc. Announces Continued Profitability for Third Quarter

LADSON, S.C., Nov 14, 2006 (BUSINESS WIRE) -- Force Protection, Inc. (FRPT : force protection inc com
Last: 8.13-0.59-6.77%

4:11pm 11/14/2006

FRPT today announced sales of $42,160,858 as part of its third quarter results for the three-month period ended September 30, 2006. The company recorded a quarterly gross profit of $7,918,508, and a net profit of $602,698 for the same period. Force Protection has realized year-to-date net profits of $1,171,080, generating year-to-date earnings of $0.03 per share.
"This is Force Protection's third consecutive month of operating profitability," said Vice President of Finance Richard Hamilton. "Sales for the quarter bring our 2006 cumulative year-to-date revenue total to $133,037,980, reflecting a dramatic increase from our 2005 full-year results."
Force Protection was recently named South Carolina's Fastest-Growing Company in 2006. The award, based on gross revenues and employment, recognizes the top 25 companies that have contributed to the state's economy. Since their initial deployment to Iraq and Afghanistan in 2003, no fatalities have occurred in a Force Protection vehicle.
"The third quarter was a period of internal growth for the company," said CEO Gordon McGilton. "We added two new vehicle production lines, improved efficiency within the facilities, and continued our workforce expansion program. The focus on these activities caused an anticipated short-swing dip in our third quarter revenue compared with our second quarter results, but it has positioned us to secure new contracts and handle the increased workload flowing from them."
 
Posted by Repoman75 on :
 
For me, the best thing about Q3 is we leave the quarter with another profit (albeit small), we now have the ability to produce considerably more vehicles (expansion of production lines from 1 to 3) and a backlog of approximately $400m on trailing twelve month revenue of around $150m. That, my friends, is called significant progress. Some specific highlights:


Gross Margin - I like that we are now consistently above 18% and pushing 19%. Would love to see them get to 20%

G&A - I LOVED that they lowered G&A while at the same time growing the business (backlog, production expansion, pipeline of business opportunities). Q3 G&A of 6.78m vs Q2 G&A of 7.48m. This leads me to believe they are cost conscience and it's likely that G&A will stay under control going forward. A sign of excellent management controls.

Cash vs Debt - I like that they are now debt free with sufficient cash to continue to grow the business (almost $27m)
Backlog - some $400m of backlog - not including the ILAV add on or the MRAP RFP

ILS - liked that it stayed over $10m. I wondered whether the 1.8m Q1 to 12m Q2 was an anomaly but it appears that ILS of $10m + will be the norm going forward and will likely trend higher as vehicle production trends higher
Deferred Revenue - i see that there is $7.1m of deferred revenue on the books. While I would have loved to see that hit the books in Q3, it's there for Q4 so another positive for the future.
My biggest disappointment was the deal about inspections being delayed. This tells me that better coordination is needed between the company and the inspector(s) and hopefully is something that's been addressed going forward.

So, net-net, the investment thesis for FRPT remains as strong as ever and the future has never looked better for this young company.

Don't worry Chartwalker, you'll have a merry Xmas... remember, slow and steady wins the race.
 
Posted by Chart walker on :
 
LOL Repo!

Read my mind huh? ~
Yep YOU are good [Smile]

Seems solid, not worried,
-and I'm not in a hurry [Big Grin]

"Slow and steady wins the race"
Right on the head Repo, that get rich overnight stuff is great,...

--- "IF" you like spending EVERY waking minute FEEDING off every lead and stock board you can find so you can tell when their going to TANK,... (gasp) -if you call that fun.. [sarcasism! [Big Grin] ] Then their great! ~

-or, even riding a good "pump and dump" is fun, just use the indicators to watch as the tide changes and jump out, -but not during the holiday's, it takes too much time keeping up to the rumor mill...

After that CSHD stock, (that still may come through, -ahem) I'd like to kick back into a slower ride for the holidays... -sure you know what I mean ~

FRPT seems as good as any. [Smile]
Looks like a half azz support at about $8. But looking at a chart I see a pattern of a day or two pullback following "one day" runs, I see this starting on the run up starting on 9/5, then even coming down starting about 10/2 that pattern started again. I'm thinking we have some flippers trading this, so if the pattern continues (which is a crap shoot,.. -but it's a shot) then tomorrow should be a good day,

-unless those ENORMOUS gains that were expected by Repo in the 10Q effect things.
(PUTZ!) [Big Grin] [Big Grin] [Big Grin] lol ~

As always, time will tell ~

Now to check on PYPR... -that one will be my last rocket ride this year I bet, and if that one doesn't drop below .006 (closed at .0065) then we're going for another run boys! [Big Grin]
Stop loss .0055

Have a great night all!
GLTA ~
 
Posted by Repoman75 on :
 
Here's the list of existing and reasonably likely future contracts for FRPT as of 11/14/06, incorporating the Q3 results info.

Note: Line items within a product are approximately ordered based on confidence, i.e. awarded contracts first, soon to be awarded next, followed by likely or possible. Backlogs are as of October 1. References to the previous messages provide further details and justification. If you have time, you may want to spend some time reading the background messages as well. The RB message numbers refer to messages on Raging Bull's FRPT board and IV for messages on Investorvillage’s FRPT board.

Cougar (Non-ILAV)
1) 100 JERRV to be delivered between Nov 06 and Nov 07. Part of the $125Million delivery order on $214 Mill contract awarded Nov 06.
http://www.forceprotectioninc.com/news/news_article.html?id=133
2) 85 Mastiff PPV for the British. $65Mill awarded, believe deliveries started in Oct.
http://www.forceprotection.net/news/news_article.html?id=117
3) 15 JERRV to be delivered in 3Q-4Q06, $9.3Mill awarded. 4 remain in backlog.
http://www.forceprotection.net/news/news_article.html?id=95
http://www.forceprotection.net/news/news_article.html?id=106
4) Delivery award for 16 more JERRV as the May 06 contract was for up to 79. $10Mill. This appears to have already been quietly awarded as FRPT are including the 16 in the backlog on this contract.
5) 1 HEV remaining to be delivered. $400K. awarded. This one keeps getting pushed out.
6) An additional 100 JERRV to be delivered between Nov 06 and Nov 07. JERRV balance on the $214 Mill contract awarded Nov 06. Per SEC filings and press release, FRPT expects to be awarded and is already treating it as if it has been awarded.
7) The 2600 class II vehicles of the MRAP RFI have been specifically described as similar to JERRV's. RFQ response due in December 06, with award to follow some time after that. Funded by $228 Million line item in 2007 budget and likely other funds. Considering the JERRV has already been well tested in the field, and the desire is to commit funds before end of year, (IV4625) the initial delivery order could be large. 2600 vehicles is approximately $1.3-1.5 Billion over the 2 year life of the contract.
MRAP details are at http://www.fbo.gov/spg/DON/USMC/M67854/M67854MRAP/listing.html and http://www.fbo.gov/spg/DON/USMC/M67854/M6785407R5000/listing.html
My MRAP competitive analysis is at IV 8189
4000 vehicle reference in news article link below is MRAP.
http://www.wilmingtonstar.com/apps/pbcs.dll/article?AID=/20061112/APN/611122014
8) Ambulance Variant of Cougar recently announced. I expect contract will be included in the MRAP class II award. http://www.forceprotection.net/news/news_article.html?id=126
9) The Army has an MMPV draft solicitation out for a 260 Vehicle contract with award projected in April 07. The vehicle is very similar to the JERRV and the MRAP class II vehicle, so they are discussing merging this vehicle in with the MRAP program. Approximate value $125Million. Likely to need two MMPV’s for each Buffalo awarded to form a GSTAMID’s convoy.
http://contracting.tacom.army.mil/majorsys/mmpv/mmpv.htm
10) The Army is now forecasting needs for up to 21,000 vehicles as an interim until JLTV developed. Cougars called out as specific example. IV8316 This would be many Billion $.
11) Follow on order of more Mastiff for the British. Contract specifies details for 4 more, but press articles refer to the total order being for about 100, which would be 15. Approximate value $10 Million. Also, the initial order for 85 could be considered a test quantity with much larger orders possible next year as they prove themselves.

Cougar ILAV
1) Total IDIQ ILAV contract shared with BAE is for up to 1050 vehicles for up to $445 Million delivered by May 2008. DoD can initiate delivery orders up to that number fairly easily. Indication is that they will be issued as equiping the Iraqis with ILAV’s is one of the keys to the US handing over control. Partership terms with BAE are: 50/50 production split with BAE. Royalty paid by BAE to FRPT for units BAE builds. 100% of the training and support contract to FRPT. After 1050, contract with BAE is complete, so FRPT can provide 100% of future ILAV’s or renegotiate.
2) Initial delivery order of 378 units awarded. 2 of FRPT's 189 have been delivered.
http://www.forceprotection.net/news/news_article.html?id=103
3) Follow on delivery order for additonal 20 units awarded. None delivered yet.
http://www.forceprotection.net/news/news_article.html?id=128
4) Proposed sale of 600 ILAV’s announced to Congress. 30 day wait started, depending on how they count the days, may be completed. RB89091. Approximate value of $240 Million shared with BAE. Not awarded yet, TBD.
http://www.dsca.mil/PressReleases/36-b/2006/Iraq_06-69.pdf

Buffalos
1) 44 Buffalos to be delivered by Dec 07. Part of the $125Million delivery order on $214 Million contract awarded Nov. 06.
http://www.forceprotectioninc.com/news/news_article.html?id=133
2) Contracts for a total of 41 Buffalos were awarded in 06 prior to the Nov contract. Approximate contract value $30-40Million. Remaining backlog is 33 units.
http://www.forceprotection.net/news/news_article.html?id=78
http://www.forceprotection.net/news/news_article.html?id=79
http://www.forceprotection.net/news/news_article.html?id=131
3) Rental fees and toy license fees from appearance in the Transformers movie to come out in mid 07. Message RB75575
4) Delivery award for additional 36 Buffalos from Nov 06 contract to be completed by Aug 08. Portion of $214Million Contract. Per SEC filings and press release, FRPT expects to be awarded and is already treating it as if it has been awarded.
5) Sole Source award for up to 64 Buffalos from MRAP RFI. Date TBD (IV5568).
6) Should get a large portion of $200Mill for additional Buffalos (specific line item for mine clearance convoys in 2006 Supplemental).
7) Army procurement plans are to buy another 250 Buffalos between 2007 and 2009. Approximately $220Million. The Buffalo was officially made part of the FCS program for mine clearance and FRPT is the sole source. Message RB76355. These will show up under the GSTAMIDs line item in the budget.
8) British may start buying Buffalos as they gain experience with Cougars. Reference in one of the news articles.
9) The Buffalo is also used in the humanitarian mission of demining old battlefields so that they are safe for civilians. Once capacity allows, there is the possibility of additional Buffalo purchases for this use.
Note: For Buffalo items 5,6,7 it is difficult to tell how much of this demand is satisfied with items 1 and 4.

Cheetah (formerly MUV-R and MRUV)
1) The 1500 Class I vehicles in 1200 vehicle MRAP RFI look a lot like the Cheetah spec. Funded by $299 Million for Mine Resistant Utility Vehicles line item in 2007 defense budget and likely other items. RFQ response due in December 06, with initial award for test units to follow some time after that. Then larger award once testing is satisfactory. See Cougar description for MRAP links.
2) Will probably be included in Army's request for 21,000 interim vehicles before JLTV. IV8316
3) Strong position to compete for the JLTV as it moves forward. JLTV is a many billion dollar, many year contract, that will take some time to roll out.
4) British may also buy Cheetahs as we believe they have also evaluated them.

ILS/PSI (Field Support, Spares, Training, Maintenance, Repairs, Professional Services )
1) Buffalo ILS Contracts. $5Million for Buffalo spares. Awarded, $800K remaining.
http://www.forceprotection.net/news/news_article.html?id=80
2) ILAV ILS Contract: $25Million over the next two years, message 76773 Included in 378 unit award.
3) RFI for 5-year PSI support for 288 Buffalos and Cougars. Response was due August 14. IV4617. FRPT will win this one. Award date TBD.
http://www.fbo.gov/spg/DON/USMC/M67854/M67854RFICIED/SynopsisR.html
4) Additional ILS and PSI as number of vehicles in the field keeps going up. We will have over 1000 vehicles in the field within 12 months.
5) Catalyst reports claim a high return on ILS/PSI, similar to how your auto dealer gets a high return on their service department. Repairs to the vehicle after an IED hit adds significantly to our revenue on an ongoing basis. See latest Catalyst reports on FRPT. http://catalystresearch.biz/ResearchFRPT.html
6) ILS/PSI revenue is somewhat based on total vehicles in the field. In other words, the revene from ILS/PSI would continue to grow every quarter, even if our vehicle shipments were to hit a steady state because the total number of vehicles in the field keeps going up.

Patent Licensing
1) Licensing Revenues from patent on blast protection for wheeled and tracked vehicles. In private negotiations. FRPT Press release, on investor news page June 15. "The significance of this undertaking cannot be overstated, and we intend to fully exploit this opportunity," said Force Protection CEO Gordon McGilton. "Since the technology can be applied not only to our vehicles, but to virtually any wheeled or tracked vehicle, the potential size of the opportunity may actually exceed that of our vehicle market."

Brief comments:

Can FRPT deliver the units for this many contracts?
According to Spartan call, Spartan is now delivering over 5 Cougar chassis/day. IV6398. According to 3Q results, three Cougar lines are now running. A Cougar line should be able to produce at least 20/month. According to this article,
http://www.wilmingtonstar.com/apps/pbcs.dll/article?AID=/20061112/APN/611122014
FRPT is setting up relationships with high volume manufacturing subcontractors to handle the MRAP and Army volumes.

This all confirms plans are in place and being executed to win the very high volume contracts. As we said months ago, the deal was get the production capacity in place and the orders will follow.
 
Posted by Jo4321 on :
 
Thanks, Repo, for putting that all in one place. The future looks bright (as usual) for FRPT.

Should be some good buying opportunities this morning.

Jo
 
Posted by Repoman75 on :
 
quote:
Originally posted by Jo4321:
Thanks, Repo, for putting that all in one place. The future looks bright (as usual) for FRPT.

Should be some good buying opportunities this morning.

Jo

Another thing to keep watching is the institutional ownership... it keeps going up DAILY. I think its at 14% now. If this hits the NASDAQ, probably will be near 70%. Shorts will get screwed.
 
Posted by Jo4321 on :
 
GREEN! $8.15
 
Posted by Repoman75 on :
 
quote:
Originally posted by Jo4321:
GREEN! $8.15

Big money accumulating.. probably close in the $8.50's... but TODAY starts the biggest run ever to EOY and 4th quarter numbers... they now have tripe capacity setup with a backlog.

The NASDAQ listing is the icing.
 
Posted by Repoman75 on :
 
Holy sh1t! Did you see that jump from 8.32 to 8.40???? SQUEEZE!
 
Posted by Rhyz on :
 
Yeah the fact that they did the new lines is huge. Will bode very well for the upcoming qrt.
 
Posted by Repoman75 on :
 
Rhyz, 4th quarter will have TRIPLE the EPS probably.. watch. Buy now or buy later at $12.
 
Posted by Jo4321 on :
 
Seems we're getting back all we lost yesterday.

jo
 
Posted by Repoman75 on :
 
quote:
Originally posted by Jo4321:
Seems we're getting back all we lost yesterday.

jo

That 8.50 isn't looking to bad eh? We hit $9 today I htink.
 
Posted by Rhyz on :
 
Repoman already in on this, added more on the big dip down to the 6.90's. Been playing this goldmine since around may.
 
Posted by Jo4321 on :
 
Nice to have you in the thread Rhyz!

Another new HOD $8.65
 
Posted by Rhyz on :
 
Thanks Jo, been around for awhile...just dont post much. [Smile] Still learning so I keep my mouth shut most of the time.
 
Posted by Repoman75 on :
 
quote:
Originally posted by Rhyz:
Thanks Jo, been around for awhile...just dont post much. [Smile] Still learning so I keep my mouth shut most of the time.

You're the antithesis of Repoman! hahaa

Welcome to the money making machine.
 
Posted by Jo4321 on :
 
This is an awesome morning. Even my shares I bought at $8.85 a while back are now green.

Go FRPT!
 
Posted by Chart walker on :
 
-From my post last night [Smile]

"But looking at a chart I see a pattern of a day or two pullback following "one day" runs, I see this starting on the run up starting on 9/5, then even coming down starting about 10/2 that pattern started again. I'm thinking we have some flippers trading this, so if the pattern continues (which is a crap shoot,.. -but it's a shot) then tomorrow should be a good day,"

Love being right!
Nice job Repo ~
 
Posted by Repoman75 on :
 
quote:
Originally posted by Jo4321:
This is an awesome morning. Even my shares I bought at $8.85 a while back are now green.

Go FRPT!

Hit $9... will we hit $10? Its all buys this morning... shorts and institutions buying.
 
Posted by Jo4321 on :
 
Chart, we love you being right, too!
 
Posted by Chart walker on :
 
[Big Grin]
 
Posted by Repoman75 on :
 
Here's the 10am dip. Buy if you can.
 
Posted by Jo4321 on :
 
10am dip over, back to $9.00 again!

Jo
 
Posted by Repoman75 on :
 
$10 close today? Hmmm... 2:30 will be fun.
 
Posted by Repoman75 on :
 
*Force Protection --- Dougherty & Company Reiterated BUY - Price Target: 11.5 (from 10.5) Briefing.com "Upgrades Downgrades "*Force Protection --- Dougherty & Company Reiterated BUY - Price Target: 11.5 (from 10.5)
 
Posted by Chart walker on :
 
saaaaawweeeeeet ~
 
Posted by Repoman75 on :
 
Lunchtime dip now... get ready for 2:30.
 
Posted by Repoman75 on :
 
Lunch is over, train is now leaving the station!
 
Posted by Repoman75 on :
 
Catalyst upgraded their projections...

http://catalystresearch.biz/files/FRPT_Update_Report_11_15_06.pdf

FORCEPROTECTION INC. (OTC BB: FRPT) RATING: BUY

PRICE TARGET

$15.00

ANNUAL DATA– DECEMBER YEAR END EARNINGS

2005A 2006E 2007E Q1 Q2 Q3 Q4 ANNUAL

EPS $ (0.49) $ 0.12 $ 0.90 2007E $ 0.15 $ 0.24 $ 0.23 $ 0.27 $ 0.90

P/E N/M 31.1 6.2 2006E $ (0.02) $ 0.03 $ 0.01 $ 0.10 $ 0.12

REVENUE (MIL.) $49.7 $206.3 $598.5 2005A $ (0.11) $ 0.00 $(0.13) $ (0.28) $ (0.49)

P/S 8.45 2.04 0.70 2004A $ (0.53)

Looking to the Future Through the Windshield, Not the Rearview Mirror!

FRPT announced their third quarter operating results late on the afternoon of November 14th. Everyone knows the bad news (At this time of night, that phrase makes me think I might be sounding too much like the radio personality, Paul Harvey, for comfort.), ten vehicles were not inspected in time to be accepted by the US Government. Therefore, the revenue recognition approach that the Company uses did not allow for those associated revenues to be included in the quarter’s results. Hence, FRPT reported $42.16 million of total revenues for the period.

On the other hand, even with the lower level of quarter revenues, the Company’s operating results—particularly gross margin and bottom line figures—were impressive. FRPT reported a $0.01 in profit. Remember, this was on the basis of a much lower revenue number and the significant costs of starting a second Cougar manufacturing line and other quantum increases in the production process.
I think that it is important to note that if the 10 vehicles did get inspected, that would have added another $6.5 million to $8 million in incremental revenue. A back-of-the envelope calculation suggests that the firm should have made an additional 2¢. Or, produced an operating profit figure that would have equaled what FRPT delivered in the second quarter. We now just have something to look forward to in the final quarter of the year.

It is very significant that the quarter’s operating costs--particularly the G&A costs—were as restrained as they were. Think about what is happening. The company ought to be 4-times the size is was in 2005, yet operating costs while adding manufacturing and fabrication lines are nearly stable. It portends very well for 2007.
As to our model, we have updated the fourth quarter to better reflect the improved flow of business and strong operating margins: we are now using $0.10 for Q4. For next year, we have boosted out revenue number to reflect the start-up and operation of three Cougar lines, a ramp in production for Buffalos, and the beginning of “seeding” models of the Cheetah. Given that combination of product increases, we are now using $598 million in sales.

Also based on the production ramp, we are modestly adjusting upward our estimated margins while continuing to restrain G&A in our model for next year. I know I’m going to be aggressive, but never have I witnessed in my 30 professional years in the market an operation that added production capacity and increased revenues like I have witnessed with FRPT. More spectacularly, this has been done with incredible Op Ex restraint. On that basis, we are now using $0.90 in fullytaxed EPS for 2007. Valuation for the shares can be approached from two perspectives: essentially 15-times $1.00, or using a higher multiple given the service and repair component of the trucks and the technology, on a lower risk-adjusted earnings figure. The target today is the mid –teens.
 
Posted by Jo4321 on :
 
Awesome!
 
Posted by Repoman75 on :
 
Not a great close as I expected, but this is now the BIG accumulation phase to the end of the year. This will be like when we marched from $2 - $4 and no one noticed.

And we are off the SHO list.
 
Posted by Repoman75 on :
 
More coverage:

News for 'FRPT' - (FORCE PROTECTION INC EPS Estimated At 0.12)

Nov 15, 2006 (Nelson's Broker Summaries via COMTEX) --

Company: FORCE PROTECTION INC

Report Headline: "FRPT: More than $2B of Opportunities, All Else is Noise"

Report Date: November 13, 2006

Current FY EPS Estimate [FY2006]: 0.12

Previous EPS Estimate for Current FY [FY2006]: 0.12

Current Quarter EPS Estimate [Q4]: 0.06


Next FY EPS Estimate [FY2007]: 0.53

Previous EPS Estimate for Next FY [FY2007]: 0.53

Current Recommendation: BUY


Research Firm: UHA

Analyst: JAMES MCILREE CFA


Industry: CAPITAL/TRUCK

Estimates reported in USD


http://www.thomsonfinancial.com
 
Posted by Repoman75 on :
 
BOOOOOOOOOOOYAH JIM!!!!!!!!!! Remember, GD is also going after the Hummer contracts..... oh man, I've got a (sexually explicit comment)

 -

[Cool] [Cool] [Cool]


Force Protection, Inc. Announces Partnering Agreement with General Dynamics
Thursday November 16, 8:30 am ET


LADSON, S.C.--(BUSINESS WIRE)--Force Protection, Inc. (OTCBB:FRPT - News) today announced it has reached an agreement with General Dynamics Land Systems to partner in the production of its Cougar medium mine-protected vehicle. The agreement, which took effect 11/11, marks the first vendor arrangement between the companies.

Force Protection will be prime contractor under the agreement, with General Dynamics as subcontractor, using available production capacity at the Joint Systems Manufacturing Center in Lima, Ohio to perform structure fabrication of the vehicle.

Force Protection's Cougar vehicle has been deployed since 2004 in the global war on terror. It was first used by the 1st Marine Expeditionary Force in Falujah, and is now used by all branches of U.S. armed forces due to its unmatched safety record in the field. To date, not a single fatality has occurred in a Force Protection vehicle.

"Warfare has changed, and the equipment needed by our troops to stay protected in the face of emerging threats must change with it," said Force Protection CEO Gordon McGilton. "The blast protection technology incorporated in the Cougar is the best available in the world today. Force Protection is delighted to partner with an organization of the caliber, depth and experience of General Dynamics to ensure the production capacity necessary to get this vehicle to the field in the numbers needed."

General Dynamics Land Systems, a business unit of General Dynamics Corporation (NYSE:GD - News), designs, manufactures and supports land and amphibious combat systems for the U.S. Army, U.S. Marine Corps, and allied nations. General Dynamics, headquartered in Falls Church, Virginia, employs approximately 81,100 people worldwide and expects 2006 revenue of approximately $24 billion. The company is a market leader in mission-critical information systems and technologies; land and expeditionary combat systems, armaments and munitions; shipbuilding and marine systems; and business aviation.

Force Protection has delivered more than 300 blast- and ballistic-protected vehicles to the U.S. government since 2003.
 
Posted by Repoman75 on :
 
FRPT now has establshed relationships with 2 competitors for the Hummer replacement contracts (BAE, GD), rumored to have another relationship coming (Lockheed & Armor Holdings), and has itself in the competition! That's 4 ways to win a piece of that big pie with the Cheetah!

Here... remember this?

General Dynamics Selected to Provide Family of Joint Light Tactical Vehicles Conceptual Design and Mockup

STERLING HEIGHTS, Mich., Aug. 30 /PRNewswire/ -- The Office of Naval Research has selected General Dynamics Land Systems, a business unit of General Dynamics (NYSE: GD - News), to perform a "Best Technical Approach" trade study and to build a mock-up for use in defining a common set of requirements for the Joint Light Tactical Vehicle (JLTV) Program. JLTV is expected to provide the U.S. Army and Marine Corps with a family of more survivable vehicles and greater payload than the

The JLTV family of vehicles will comprise five "Mission Role" variants: the Combat Tactical Variant, the Command and Control Variant, the Utility Variant, the Light Infantry Squad Carrier Variant and the Reconnaissance Variant. The vehicle family will also include compatible trailers.

The JLTV design will include a basic armor protection package as well as provisions to accommodate an additional add-on armor kit. The JLTV will be network enabled, provide power for all on-board electronic components with the engine on and during extended silent watch, and export power to outside systems. Satisfying these design issues, meeting transportability and mobility requirements, and making this an affordable family of vehicles will require the use of innovative technologies and design strategies.

Work will be performed by existing General Dynamics employees located in the Muskegon Technical Center at Muskegon, Mich., and at Sterling Heights, Mich. Work is expected to be completed during the first quarter of 2007.
 
Posted by Repoman75 on :
 
Where's Jo????????????????????????

Also, rumor is the relationship between BAE and FRPT soured because BAE introduced the RG-33, a possible replacement for the Buffalo (won't happen but...)

But NOW, GD could be a buyer of FRPT down the road... $$$$$$$$$$$$$$$$$$$
 
Posted by Repoman75 on :
 
One other thing!

The absolute highest price shorts could have shorted this stock was $9.54... that's the HIGHEST.

Right now, most are either underwater, or around break even... they will get MASSACRED today.

CHARTWALKER - stay with Repo, and I'll take you to the promised land!
 
Posted by Repoman75 on :
 
Maybe tomorrow they announce NASDAQ listing date.... the COUP D'ETAT!
 
Posted by Chart walker on :
 
ha ha ~~

Well alright ~
Very interesting Repo, dare I say I'm even getting impressed [Smile]

Might have to start calling you "Santa!" LOL ~
 
Posted by Repoman75 on :
 
Premarket fills at $9.18 already...

Zippidee do dah, zippidee day...my oh my what a wonderful play!

Where's Malloy? I want to send him a fruit basket!
 
Posted by Chart walker on :
 
lol ~~

Kick azz Repo!
 
Posted by Jo4321 on :
 
Here I am, Repo!

That's great news! I am tempted to buy more, but dh tells me I have too much FRPT!

(Maybe I'll just buy a lil' bit and get in and out today)

Jo
 
Posted by Chart walker on :
 
buying into a healthy gap jo.. -watch your butt:)
 
Posted by JRB on :
 
LADSON, S.C.--(BUSINESS WIRE)--Force Protection, Inc. (OTCBB:FRPT) today announced it has reached an agreement with General Dynamics Land Systems to partner in the production of its Cougar medium mine-protected vehicle. The agreement, which took effect 11/11, marks the first vendor arrangement between the companies.

Force Protection will be prime contractor under the agreement, with General Dynamics as subcontractor, using available production capacity at the Joint Systems Manufacturing Center in Lima, Ohio to perform structure fabrication of the vehicle.

Force Protection’s Cougar vehicle has been deployed since 2004 in the global war on terror. It was first used by the 1st Marine Expeditionary Force in Falujah, and is now used by all branches of U.S. armed forces due to its unmatched safety record in the field. To date, not a single fatality has occurred in a Force Protection vehicle.

“Warfare has changed, and the equipment needed by our troops to stay protected in the face of emerging threats must change with it,” said Force Protection CEO Gordon McGilton. “The blast protection technology incorporated in the Cougar is the best available in the world today. Force Protection is delighted to partner with an organization of the caliber, depth and experience of General Dynamics to ensure the production capacity necessary to get this vehicle to the field in the numbers needed.”

General Dynamics Land Systems, a business unit of General Dynamics Corporation (NYSE:GD), designs, manufactures and supports land and amphibious combat systems for the U.S. Army, U.S. Marine Corps, and allied nations. General Dynamics, headquartered in Falls Church, Virginia, employs approximately 81,100 people worldwide and expects 2006 revenue of approximately $24 billion. The company is a market leader in mission-critical information systems and technologies; land and expeditionary combat systems, armaments and munitions; shipbuilding and marine systems; and business aviation.

Force Protection has delivered more than 300 blast- and ballistic-protected vehicles to the U.S. government since 2003.
 
Posted by Doniboy on :
 
The 52 week range on this bad boy is from .69 - over $9.00????

Wow. Nice play guys, congrats.

U2 Repo.... [Smile]
 
Posted by Repoman75 on :
 
Jo, don't buy today... we're going to $10.. it'll dip next week a little.. buy then for the NASDAQ listing announcement.
 
Posted by Repoman75 on :
 
BURN SHORTS BURN!!!!!!!!!!!!!!
 
Posted by Jo4321 on :
 
Can we make $10 before 10:00!!
 
Posted by Repoman75 on :
 
I say we hit $11!
 
Posted by 66inxs on :
 
repo props for this play. should of jumped on this a couple of weeks ago when you first suggested it, but you know...

i will listen to repo
i will listen to repo
i will listen to repo

will radar for an entry point b4 the nasdaq announcement (i hope!)
 
Posted by Repoman75 on :
 
Here's your first stall / dip.
 
Posted by Chart walker on :
 
She's kick'n butt alright! [Big Grin]
 
Posted by Jo4321 on :
 
$10.00!
 
Posted by Repoman75 on :
 
Too many buy orders... high sell stop orders being taken out... MM's holding orders.
 
Posted by Repoman75 on :
 
MM's have no shares, SHORTS ARE LOOKING FOR SHARES, watch for CNBC news since GD is involved...

THE PERFECT STORM.
 
Posted by Jo4321 on :
 
do you see it moving from $10.00 to $10.15, to $10.00 to $10.20.

I can't keep up.

I'm buying a Force Protection T Shirt! http://www.companycasuals.com/forceprotection/start.jsp
 
Posted by Repoman75 on :
 
Hhaaha... I saw that. I'm putting FRPT on my new BMW 7 series come Xmas!
 
Posted by Chart walker on :
 
darn near a million in volume too ~
sweet!
 
Posted by Repoman75 on :
 
Here's another dip/stall.
 
Posted by new2stocks on :
 
quote:
Originally posted by Repoman75:
Hhaaha... I saw that. I'm putting FRPT on my new BMW 7 series come Xmas!

Congrats Repo! Even though we don't get along.
 
Posted by SherriT on :
 
Congrats all - and Repo, I suppose I am forced once again to pay homage [Big Grin]
 
Posted by Lootcifer on :
 
Repo dude you got 5 stars from me this morning, but some how I don't think it'll move those 2 stars up, LOL. Too bad, you do give good picks some of the same ones I see.

Especially SIGA, now with FRPT heading to Nasdaq, I'm on it like white on rice
 
Posted by Jo4321 on :
 
Oh heck, Siga's moving this morning too? I've been so wrapped up in FRPT, I didn't notice. The pennygods are smiling on me today.

 -
 
Posted by Repoman75 on :
 
Thank you all!

But, it is not too late to join this party... read my prior posts, especially the one on existing and future contracts. PLUS, NASDAQ listing coming.

This is a stock to buy in your IRA with and retire happily.
 
Posted by Lootcifer on :
 
Are my eyes deceiving me here, did CSHD regulars actually post on a thread other than CSHD???? [Eek!]

The the end of the world as we know it, sing along!!!!
 
Posted by Jo4321 on :
 
Yes, we need more of them to post in here to keep this thread above CSHD! Come back SherriT!

(Though I'm a CSHD bagholder too)

Jo
 
Posted by Lootcifer on :
 
quote:
Originally posted by Jo4321:
Yes, we need more of them to post in here to keep this thread above CSHD! Come back SherriT!

(Though I'm a CSHD bagholder too)

Jo

LMAO [Big Grin]
 
Posted by Rhyz on :
 
God, I love this stock. Next qrt will be HUGE! Their like the Energizer Bunny!!
 
Posted by Repoman75 on :
 
Yeah, I'm debating whether to buy more next week if it dips into the low 9's.
 
Posted by Chart walker on :
 
popping now..
 
Posted by Repoman75 on :
 
Yeah, may never get to the low 9's... oh well. 10K shares is good enough for me.
 
Posted by Chart walker on :
 
was hoping (greedily) for a gap fill, but saw the "steps" forming and so I don'tthink that'll happen today...

Guess we'll have to just enjoy a run! [Big Grin] [Big Grin]
 
Posted by Repoman75 on :
 
I think they just tried to fill the gap, no?
 
Posted by Chart walker on :
 
-been a while since I've said "I LOVE my indicators!!" [Big Grin] [Big Grin]
 
Posted by Repoman75 on :
 
This run on a PR is great, but the BIG SMART money will be buying on the details of it... have to see what the 8-K says.
 
Posted by Chart walker on :
 
quote:
Originally posted by Repoman75:
I think they just tried to fill the gap, no?

ha ha ~

If that was a try... they missed it by like what.. .80! lol ~

Trying to put the brakes on...
Nice little stock Repo ~
 
Posted by Repoman75 on :
 
quote:
Originally posted by Repoman75:
American Bulls has us rated a "BUY".

Jo, see you at $5... then, $10.

Hahahaa... I like this post. Posted in May.

Me and Jo were the original Allstock investors in this... except for Malloy... where is that chap anyways?
 
Posted by Chart walker on :
 
PYPR played out just in time ~
How sweet was that [Smile]

I think it's lunch time..

-What does everyone want??
-I'm making a run... [Big Grin] [Big Grin]
 
Posted by Rhyz on :
 
quote:
Originally posted by Repoman75:
quote:
Originally posted by Repoman75:
American Bulls has us rated a "BUY".

Jo, see you at $5... then, $10.

Hahahaa... I like this post. Posted in May.

Me and Jo were the original Allstock investors in this... except for Malloy... where is that chap anyways?

Think thats where I got the clue on this stock repo, have to check my buys on it though.

Yup bought my first 1k shares on 05/11/06 * 4.03 [Smile]
 
Posted by Repoman75 on :
 
$10 again... and tomorrow is Friday, when the daytraders usually stay the Hell home... could be a nice up slow day.
 
Posted by Rhyz on :
 
Force Protection, Inc. Delivers First Round of Cougar Mastiff Vehicles to British Military

Force Protection, Inc. (OTCBB:FRPT) today presented the first round of Cougar Mastiff Patrol Protected vehicles (Mastiff PPV) to the British Ministry of Defence (MOD) at Force Protection's headquarters near Charleston, SC. Force Protection is manufacturing specially modified Cougar vehicles, known in Great Britain as the Mastiff, for the MOD.

These are the first vehicles delivered under a contract awarded by the MOD in August 2006 for more than 85 Mastiff PPVs.
 
Posted by Repoman75 on :
 
Holy sh*t, they are going for the knockout punch against shorters....


Or...

The blackout period for a NASDAQ listing is over...
 
Posted by Jo4321 on :
 
I remember those days Repoman. Do you remember posting this:

---NOT SELLING UNTIL AT LEAST $10.--

Guess you are moving that up!

Jo
 
Posted by Repoman75 on :
 
quote:
Originally posted by Jo4321:
I remember those days Repoman. Do you remember posting this:

---NOT SELLING UNTIL AT LEAST $10.--

Guess you are moving that up!

Jo

AT LEAST is the key there.... yeah, not until NASDAQ listing .. that guarantees $2 - 3 bump up.
 
Posted by Chart walker on :
 
Love days like today... [Smile]
 
Posted by Jo4321 on :
 
And with a NASDAQ listing, I'm assuming that we won't have those wild swings of days past. I'm not sure how many more of them I can take.

Jo
 
Posted by Repoman75 on :
 
quote:
Originally posted by Jo4321:
And with a NASDAQ listing, I'm assuming that we won't have those wild swings of days past. I'm not sure how many more of them I can take.

Jo

Exactly... no more MM bullsh&t. Have to deal with shorters, but at least the playing field is level.
 
Posted by Repoman75 on :
 
Its amazing how we stay right at $10... MM's are letting the shorts off easy... once they covered, MM's will begin raising the price to induce profit takers.
 
Posted by Repoman75 on :
 
New all time high coming in moments.
 
Posted by Chart walker on :
 
--we break 10.26 look out!!! [Big Grin]
 
Posted by Repoman75 on :
 
I just can't wait for NASDAQ... you have tons of Mutual funds, institutions, etc. just watching this but can't buy cause its on the OTC... they must be drooling.

Institutional ownership is at 14.6%.... when we hit NASDAQ, institutions will pour in! You'll see 50K blocks go through like its nothing.
 
Posted by nbusiness1905 on :
 
How do you know if, and more importantly when this will hit the nasdaq.. in in at 9.05..
 
Posted by Repoman75 on :
 
The PR below says they WILL.. I'm only guessing on WHEN... my guess is soon. It appears we were in a news blackout (which is required for 60 days during the application process), and now it is over... so, closer we go.


Force Protection, Inc. Appoints Independent Director
Friday September 22, 8:30 am ET


LADSON, S.C.--(BUSINESS WIRE)--Sept. 22, 2006--Armored vehicle manufacturer Force Protection, Inc. (OTCBB:FRPT - News) announced today that Michael Moody has been appointed an independent member of the Board of Directors by unanimous board vote. Moody will fill the vacancy left by departing director Gale Aguilar.
ADVERTISEMENT



"Force Protection is greatly benefited in having Michael join the board," said Chairman Frank Kavanaugh. "He brings a wealth of financial experience to this position, and will play a key role in the continuing development of Force Protection as a publicly-traded company. Michael's appointment is another step in the process of reconfiguring the board to achieve a majority of independent directors; a process we hope to conclude very shortly."

A veteran with more than four decades' experience in financial analysis, auditing, and regulatory reporting, Moody currently serves as a principal for Westsource Financial Services, Inc., providing financial and business advisory services to privately held businesses. Moody previously served as Chief Operating Officer for the London American General Agency and as Senior Vice President of Corporate Development for Magna Carta Companies. He also served as a member of the Magna Carta board of directors with particular oversight and review of financial reporting. Moody is a CPA and an associate with the Australian Society of Accountants, and holds a bachelor's degree in Economics from Macquarie University in Sydney, Australia.

Force Protection's Buffalo route clearance and Cougar urban fighting vehicles have kept troops safe in the face of more than 1,000 mine detonations and IED attacks since 2003. More than 200 of these mine-armored vehicles have been delivered to the U.S. government
 
Posted by new2stocks on :
 
chart are you around?
 
Posted by Hurricane on :
 
What is everyone's prediction for EOY?
 
Posted by Jo4321 on :
 
I'll take a stab that profit takers will cause it to dip below $10.00, but not too much. Let's say $9.97.

Jo

Edited to add, I see you are saying EOY, not EOD!!

I'm not even going to guess that one.
 
Posted by Repoman75 on :
 
EOY? $12.74, on Dec. 29th, 2006.
 
Posted by Repoman75 on :
 
quote:
Originally posted by Jo4321:
I'll take a stab that profit takers will cause it to dip below $10.00, but not too much. Let's say $9.97.

Jo

Edited to add, I see you are saying EOY, not EOD!!

I'm not even going to guess that one.

And no friggin way, we hold $10 today!! HOLD THE LINE! FREEEEEEEEEDOM!
 
Posted by Repoman75 on :
 
quote:
Originally posted by Repoman75:
EOY? $12.74, on Dec. 29th, 2006.

If we are trading on NASDAQ, $14.32.
 
Posted by Chart walker on :
 
$10 + today...
 
Posted by Jo4321 on :
 
I'd like to be wrong about the under $10.00 today. Come'on panic buyers!

Jo
 
Posted by Repoman75 on :
 
quote:
Originally posted by Jo4321:
I'd like to be wrong about the under $10.00 today. Come'on panic buyers!

Jo

Its the panic shorts I think... SBSH looks like he's short huge (Citibank).
 
Posted by Jo4321 on :
 
Could we end with a new HOD?

C'mon!
 
Posted by Repoman75 on :
 
BROKE THROUGH!!!!!!!!

CHART - give me updated T/A now!
 
Posted by Chart walker on :
 
-Buy pain meds...

Your neck is going to get sore from looking up!

[Big Grin] [Big Grin]
 
Posted by Jo4321 on :
 
Glad to be wrong!

HOD $10.27
Close $10.26

What a great day!

Jo
 
Posted by Chart walker on :
 
Fibbs, say our next ress. will be at 10.93
FYI ~

Bottom line no mumbo jumbo "Very good" day today all around [Big Grin]
 
Posted by Repoman75 on :
 
We're in the money
we're in the money
we've got a lot of what it takes to get along!


SEeeeeeee ya tomorrow... $10.50 tomorrow. I'm having some Dom tonight!
 
Posted by Chart walker on :
 
Bloody Mary's here...

VERY SOON!! [Big Grin]
Later ~
 
Posted by Jo4321 on :
 
Bud Light here [Smile] (not in it as big as you fellas)

Jo
 
Posted by Mortimer on :
 
I've been in this since mid 7's. This is fun.

Pabst Blue Ribbon here. Cheers!
 
Posted by Jo4321 on :
 
8K Change in auditors
Link
 
Posted by Repoman75 on :
 
XMAS in November!!!!!!!!!!!!!!!!!!! New auditors for the NASDAQ LISTING!!!!!!!!!!!!!! NASDAQ IN JAN. '07!!!!!!!!!AHAHAHAHAHHAA!


Form 8-K for FORCE PROTECTION INC


--------------------------------------------------------------------------------

16-Nov-2006

Changes in Registrant's Certfying Accountant


ITEM 4.01 CHANGES IN REGISTRANT'S CERTIFYING ACCOUNTANT.
The Audit Committee of the Board of Directors of Force Protection, Inc. (the "Company") has approved a change in auditors. At a meeting of the Audit Committee held on November 10, 2006, the Audit Committee approved the engagement of Elliott Davis, LLC to serve as the Company's independent registered accounting firm for the fiscal year ending December 31, 2007. In addition, the Audit Committee dismissed Jaspers + Hall, P.C. as the independent registered accounting firm of the Company effective upon completion of the audit of the Company's consolidated financial statements as of and for the fiscal year ending December 31, 2006.

During the years ended December 31, 2005 and 2004, and through November 16, 2006, the Company did not consult Elliott Davis, LLC regarding the application of accounting principles to a specified transaction, either completed or proposed, the type of audit opinion that might be rendered on the Company's financial statements or any matter that was either the subject of a disagreement (as defined in Item 304(a)(1)(iv) and the related instructions to Item 304 of Regulation S-K) or a reportable event (as defined in Item 304(a)(1)(v) of Regulation S-K).

The reports of Jaspers + Hall, P.C. on the Company's consolidated financial statements for the years ended December 31, 2005 and 2004 did not contain an adverse opinion or a disclaimer of opinion and were not qualified or modified as to uncertainty, audit scope or accounting principle.

During the years ended December 31, 2005 and 2004, and through November 16, 2006, there were no disagreements with Jaspers + Hall, P.C. on any matter of accounting principles or practices, financial statement disclosure or auditing scope or procedure, which disagreements, if not resolved to the satisfaction of Jaspers + Hall, P.C., would have caused Jaspers + Hall, P.C. to make reference thereto in its reports on the Company's consolidated financial statements for such years. During the years ended December 31, 2005 and 2004, and through November 16, 2006, there were no reportable events (as defined in Item 304(a)(1)(v) of Regulation S-K) with respect to the Company.

The Company requested Jaspers + Hall, P.C. to furnish a letter addressed to the Securities and Exchange Commission stating whether or not it agrees with the above statements. A copy of such letter is filed as Exhibit 16.1 to this Current Report on Form 8-K.

This report may contain forward-looking statements that involve risks and uncertainties. We generally use words such as "believe," "may," "could," "will," "intend," "expect," "anticipate," "plan," and similar expressions to identify forward-looking statements. You should not place undue reliance on these forward-looking statements. Our actual results could differ materially from those anticipated in the forward-looking statements for many reasons, including the risks described in our Form 10-K and other reports filed with the Securities and Exchange Commission. Although we believe the expectations reflected in the forward-looking statements are reasonable, they relate only to events as of the date on which the statements are made, and our future results, levels of activity, performance or achievements may not meet these expectations. We do not intend to update any of the forward-looking statements after the date of this document to conform these statements to actual results or to changes in our expectations, except as required by law.


ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS

EXHIBIT NUMBER DESCRIPTION
16.1 Letter from Jaspers + Hall, P.C. to the United States Securities
and Exchange Commission, dated November 16, 2006 (filed
herewith).
 
Posted by Repoman75 on :
 
Now THIS is how you get to the NASDAQ. First, you trade over $5 for 90 days. Then you get some independent Board of Directors. Then you change your auditors. Finally, apply!

No price reset needed *chuckles*.
 
Posted by captain america on :
 
oh yeah! here we come nasdaq!
 
Posted by Chart walker on :
 
[Big Grin]
 
Posted by Repoman75 on :
 
HOLY SHI!T!!!!!!!!!!!!!!!!!!!

Force Protection, Inc. Announces NASDAQ Application
Friday November 17, 8:00 am ET


LADSON, S.C.--(BUSINESS WIRE)--Force Protection, Inc. (OTCBB:FRPT - News) today announced its application for listing of its common stock on the NASDAQ Capital Market. The Company believes it meets all of the listing criteria except for its Board composition.

"We have worked diligently to expand our business and develop a leading technology for blast protection," said CEO Gordon McGilton. "As a growing public company, Force Protection believes that it is the appropriate time to apply for listing on NASDAQ."

Force Protection's common stock will continue to trade on the Over the Counter Bulletin Board until NASDAQ approves the application.

"If approved, we believe Force Protection will gain access to a broader institutional investor market, enhance its financing flexibility, and provide greater liquidity for its shareholders," said Chairman Frank Kavanaugh.
 
Posted by Repoman75 on :
 
Here's the 8-K on the agreement between GD and FRPT...

Memorandum of Understanding

This Memorandum of Understanding (“MOU”) is entered into and is effective as of 9 Nov. 2006, between General Dynamics Land Systems Inc., (“GDLS”) and Force Protection Inc., (“FPI”), Individually, a “Party” and collectively, the “Parties.”

Whereas FPI is a new business which has designed and produced a mine-protected and armored vehicle called the Cougar; and,

Whereas the Government requires additional Cougar vehicles; and

Whereas FPI has limited capacity to meet these requirements and needs industry assistance in the production of FPI’s Cougar vehicles, and;

Whereas GDLS has recognized capability in combat vehicle systems integration, to include production expertise, and has available capacity at Joint Services Manufacturing Center (“JSMC”) for structure fabrication; and,

Whereas, GDLS and FPI intend to establish a relationship where FPI will be the Prime and GDLS with be the Subcontractor, for structure fabrication of two hundred (200) variants of the Cougar vehicle (“Work”).

Therefore, GDLS and FPI to the extent allowed by applicable law and regulations, agree to the following:

1. Subcontractor Relationship

The Parties agree to negotiate a subcontract agreement for fabrication of the Cougar structures in accordance with the attached Term Sheet (Attachment A).

2. Term and Conditions

The terms and conditions of the subcontract agreement will be mutually agreed upon by the parties for the Work which will be substantially similar to the attached form of subcontract (Attachment B).

3. Expenses

Each of the Parties will bear all expenses incurred by it or on its behalf in connection with its actions pursuant to this MOU.

4. Assignment

Neither Party may assign or delegate to a third party (including but not limited to any successor in interest to either Party as the result of a merger, sale or acquisition of all or substantially all of the assets or stock of either Party) such Party’s rights or obligations in connection with this MOU without the written consent of the other Party.

5. Severability

This MOU will be interpreted in such manner as to be effective and valid under any applicable law and/or regulation, but if any provision of this MOU is held to be prohibited by or invalid under any applicable law and/or regulation, such provision will be ineffective only to the extent of such prohibition or invalidity, without invalidating the remainder of this MOU.

6. Entire Agreement

This MOU constitutes the entire agreement between the Parties with respect to the subject matter hereof, and supercedes any prior understandings, agreements or representations by or between the Parties, written or oral, that may have related in any way to the subject matter hereof.


--------------------------------------------------------------------------------




7. Life of the Agreement

This MOU shall be effective from the date of the last signature below. The life of the agreement will be for five (5) years with an option to renew upon mutual agreement of the parties. The MOU may be terminated by either party upon ninety (90) days written notice.

8. Confidentiality and Intellectual Property

The Parties agree to negotiate a confidentiality agreement under this MOU which shall be substantially similar to the terms of the attached confidentiality agreement (Attachment C). FPI shall at all times retain the sole and exclusive rights to the design of the Cougar vehicles or any of its derivatives or improvements, and the design, bill of materials, drawings, work instructions, transition to production plans, and technical data package relating to the Cougar vehicles whether provided by FPI, developed by GDLS from FPI information or the Work or developed by FPI and GDLS jointly (“intellectual property”) provided, however, GDLS shall own any processes developed by GDLS in the performance of the Work and FPI shall have the right to use such processes. GDLS agrees to implement a firewall procedure, acceptable to FPI, with respect to FPI Confidential Information and Intellectual Property to prevent disclosures to other corporations, divisions, affiliates, contractors or consultants to GDLS.

9. Public Relations Clause

Any news release, public announcement, advertisement, or other publicity to be released by a party in connection with this MOU must fires have the prior written approval of the other party, which approval shall not be unreasonably withheld.

10. Limitations of Liability

EXCEPT AS SET FORTH IN THIS AGREEMENT, NEITHER PARTY MAKES AND EACH PARTY HEREBY SPECIFICALLY DISCLAIMS ANY REPRESENTATIONS OR WARRANTIES, EXPRESS OR IMPLIED, REGARDING THE PRODUCTS AND SERVICES CONTEMPLATED BY THIS AGREEMENT, INCLUDING ANY IMPLIED WARRANTY OF MERCHANTIBILITY, NON-INFRINGEMENT, OR FITNESS FOR A PARTICULAR PURPOSE.

EXCEPT FOR A VIOLATION OF ANY CONFIDENTIALITY OR INTELLECTUAL PROPERTY PROVISIONS, IN NO EVENT SHALL EITHER PARTY BE LIABLE TO THE OTHER FOR INDIRECT, INCIDENTAL, CONSEQUENTIAL, SPECIAL PUNITIVE OR EXEMPLARY DAMAGES, EVEN IF THAT PARTY HAS BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES ARISING FROM ANY PROVISION OF THIS AGREEMENT, SUCH AS, BUT NOT LIMITED TO, LOSS OF USE, INCOME OR PROFITS, OR ANTICIPATED PROFITS OR LOST BUSINESS OR THE COSTS OF PROCUREMENT OF SUBSTITUTE GOODS OR SERVICES.

11. Dispute Resolution

All claims, disputes controversies, or other matter in question arising out of, connected with, or relating to the Agreement that cannot be resolved by the Parties through face to face negotiations between senior executives of each Party, will be settled by binding arbitration in accordance with the Commercial Rules of the American Arbitration Association then in effect. All arbitration proceedings will be held in Delaware. The Parties may take discovery by any mean s allowed by the Federal Rules of Civil Procedure then in effect. The arbitrator may exclude from evidence any evidence not previously shared with the other side. The administrative costs of any arbitration or litigation will be borne equally by the Parties pending the arbitrator’s award. The arbitrator shall be bound by the express provisions set forth in this agreement and shall not modify any terms of this agreement or make any award of damages in excess of the amounts set forth in this agreement or grant any relief not expressly set forth in this agreement. The determinations of the arbitrator shall be final and, except as provided by law, shall not be subject to judicial revue. Any court of competent jurisdiction may enforce any award or determination rendered by the arbitrator. The language to be used in the arbitral proceedings shall be English. The arbitrator shall not have the authority to award consequential damages of any sort (which are


--------------------------------------------------------------------------------


defined to include, without limitation, damages for lost profits, damages for delay, damages for lost opportunities and the like) or punitive exemplary damages of any sort. This Agreement shall be construed and enforced in accordance with, and governed by, the laws of the State of Delaware without regard to its conflict of law principles.

In Witness Whereof, the Parties have executed this MOU

General Dynamics Land Systems Inc.

Force Protection, Inc.





/s/ David K. Heeber

/s/ Gordon McGilton

Name: David K. Heeber

Name: Gordon McGilton

Title: President, GDLS

Title: CEO

Date: November 9, 2006

Date: November 9, 2006





--------------------------------------------------------------------------------




Attachment A: Term Sheet

GDLS/FPI Subcontractor Relationship for Cougar Production

GDLS’ Scope

1) Exclusively for a minimum of two hundred (200) Cougar variants GDLS intends to fabricate, blast and paint the crew capsule, install the spall liner, and deliver to an FPII designated final assembly location.

2) GDLS will busy all material and services and manage the supply chain for GDLS’entire content. Alternatively, upon mutual agreement, FPI may buay all material, manage the supply chain and provide to GDLS.

3) GDLS scope may include procurement of additional material as mutually agreed (e.g. Weapon Station or other special equipment for mission variants).

4) Price lead-time and delivery schedules will be mutually agreed at the time of negotiation of the subcontract.

5) Respond to an RFQ for the Work.

FPI SCOPE

1) Provide GDLS with the Confidential Information and Intellectual Property associated with the capsule of the Cougar vehicle to be fabricated by GDLS.

2) Provide GDLS with an RFQ for the Work.

Other Conditions of this Agreement

1) GDLS will be FPIIs subcontractor for GDLS’ content, except for:

a) capsule fabrication to be completed by FPI

b) ILAV vehicles covered under the current teaming obligation with BAE

c) Work outside of GDLS’ scope (e.g. automotive, final assembly, capsule fabrication by FPII or its subcontractors)

2) GDLS will not use any of FPIIs Confidential Information or Intellectual Property except for performance of the Work.

Not Included in this Agreement

1) Fabrication and integration of Buffalo, Mastiff or Cheetah

2) Cougar and its variants service and support work.
 
Posted by Chart walker on :
 
Wonder if we gap up today?! [Big Grin] [Big Grin]
 
Posted by Repoman75 on :
 
Who will be the final board member... hmmm..... COLIN POWELL??!

$15 by Xmas!
 
Posted by Chart walker on :
 
quote:
Originally posted by Repoman75:
Who will be the final board member... hmmm..... COLIN POWELL??!

$15 by Xmas!

Bet it won't be Rufus! [Big Grin]
 
Posted by Repoman75 on :
 
Here comes $11.... where's Jo???????/
 
Posted by Jo4321 on :
 
Just came online!!! Wooo HOOO!!!

Now my dh will forget about all the other scam stocks I bought. He asked me yesterday to buy him a FRPT mouse pad. LOL

Jo
 
Posted by Jo4321 on :
 
Is it too late to buy more?
 
Posted by Repoman75 on :
 
They've got mousepads? I may have to pick one up...

Hold your shares tight.... more contracts coming very soon... THE CHEETAH is the last component of this great story.
 
Posted by Repoman75 on :
 
No, not too late. If you plan to hold for a loong time, this is going to $50 over the next years... look at AH. Same story.
 
Posted by Repoman75 on :
 
Fundamentals people. Fundamentals is how you make the big bucks.
 
Posted by Rhyz on :
 
quote:
Originally posted by Chart walker:
quote:
Originally posted by Repoman75:
Who will be the final board member... hmmm..... COLIN POWELL??!

$15 by Xmas!

Bet it won't be Rufus! [Big Grin]
ROFL

Early Xmas this year!!
 
Posted by Jo4321 on :
 
Got a partial fill at 10.43.
 
Posted by Repoman75 on :
 
Nice, you got filled in the gap. Won't regret it... I'm tapped out unfortunately.
 
Posted by Rhyz on :
 
Same here Repo [Frown] But still hold a good hand on them.
 
Posted by Jo4321 on :
 
The rest filled. Hope I'm not in trouble with dh who told me we had too much in FRPT.

Here's one of the mousepads:

 -
 
Posted by Repoman75 on :
 
I have to get a stock certificate for 10 shares of FRPT and frame it... made my year.
 
Posted by Rhyz on :
 
Oh yeah this stock has been a dependable money maker for me all year long. Unlike some stocks. Still holding a bag of Ndol/Nwog..LOL
 
Posted by Jo4321 on :
 
I hear ya Rhyz. I have some NDOL too. But I did make some money on it before the fall!

Here's an FPRT ad in the November Marine Corps Gazette. Hoorah!

http://www.marinecorpsgazette-digital.com/marinecorpsgazette/200611/?pg=4&pm=2&u 1=friend
 
Posted by Repoman75 on :
 
Here comes $11.

Chart - give me some T/A analysis brotha!
 
Posted by Chart walker on :
 
quote:
Originally posted by Chart walker:
Fibbs, say our next ress. will be at 10.93
FYI ~


BUMP...
 
Posted by Chart walker on :
 
That means we are going to see a great day here today my friends.... [Smile]
 
Posted by Chart walker on :
 
indicators coming around again ~
 
Posted by Chart walker on :
 
ress (intraday) 11.

supp at 10.82
 
Posted by Repoman75 on :
 
$11.11 now... hmm... $12 today?

You all can send ME a fruit basket for Xmas!
 
Posted by Jo4321 on :
 
I'll send you a mousepad.
 
Posted by Chart walker on :
 
wow ~

ha ha ~ -fruit basket.. [Big Grin]
 
Posted by Rhyz on :
 
Whats the time frame for the Nas listing....haven't checked yet...lazy ass I am.
 
Posted by Repoman75 on :
 
Unknown.. usually 4 - 8 weeks from the application.
 
Posted by Jo4321 on :
 
I've heard 6-8 weeks. Although, SWERD6 posted this on Ivillage:

quote:
Loud Technologies got NASDAQ LISTING APPROVAL IN 4 WEEKS

http://www.loudtechinc.com/news/index.html

February 27, 2006
LOUD Technologies To Begin Trading On NASDAQ Capital Market Beginning March 1, 2006

January 31, 2006
LOUD Technologies Files Application


Edited to add: Repo is always right
 
Posted by Rhyz on :
 
Well then Feb is gong to be one Jan/Feb is going to be huge for us. [Smile]
 
Posted by 6digits on :
 
Starting to crash again.
 
Posted by Repoman75 on :
 
quote:
Originally posted by 6digits:
Starting to crash again.

Hahahahahahhahahaa...aHAHAHHAHHAHAHA.

When you wash my car, make sure you get the bird poop off the windshield. TIA.
 
Posted by 6digits on :
 
Wild imagination.
 
Posted by Jo4321 on :
 
Will there be a lunchtime dip today?

Jo
 
Posted by Repoman75 on :
 
It appears not.
 
Posted by Jo4321 on :
 
Lunchtime jump instead? [Smile]
 
Posted by MoneyMoneyMoney on :
 
Sweet, I love green!!!

I like it, I love it, I want some more of it!!!

GO FRPT!!!!!!

Dang, school always gets in the way of fun. Back to class I go.....
 
Posted by 6digits on :
 
REPO, heres an update on one of your favorite stocks that you were looking for. This is just a small portion. I will post more as needed.
Request for Clerk's Entry of Default



OVERVIEW



Federal Rule of Civil Procedure 55, made applicable to bankruptcy proceedings by Fed. R. Bankr. P. 7055, provides the procedures for defaults and default judgments.



The entry of default by the clerk precedes the issuance of a default judgment. It is essentially a notation on the docket that the defendant has failed to plead or defend in a case as required by law. An entry of default is required before a clerk can sign and enter a default judgment.



Federal Rule of Civil Procedure 55 provides that default must be entered by the clerk "[w]hen a party against whom a judgment for affirmative relief is sought has failed to plead or otherwise defend as provided by these rules and that fact is made to appear by affidavit or otherwise . . . ." Fed. R. Civ. P. 55(a). The clerk is permitted to enter a default only upon being presented with an affidavit or affirmation setting forth the facts. These facts should normally include:



Date of issuance of the summons;

Statement of whether the court fixed a deadline for the filing of an answer or motion, or whether the 30 (or 35) day limit applies;

Date of service of the complaint;

Date of filing of affidavit of service;

Statement that no answer or motion has been received within the time limit fixed by the court or by Fed. R. Bankr. P. 7012(a); and

Statement that the defendant is not in the military service, as required by 50 U.S.C. app. § 520.





PROCEDURE



Select Adversary.

Select Motions.

Select Clerk's Entry of Default.

Select or Add/Create Party

The Party Attorney Association screen may display. Indicate the party you represent.

Browse, verify and attach the Motion/Application (pdf file)

Attach supporting documents, if applicable.

Enter the party that is in default

Modify docket text as appropriate



WARNING: Verify filing entry information is correct before submitting the Final Docket Text.




Save the Notice of Electronic Filing.
 
Posted by Repoman75 on :
 
quote:
Originally posted by 6digits:
REPO, heres an update on one of your favorite stocks that you were looking for. This is just a small portion. I will post more as needed.
Request for Clerk's Entry of Default



OVERVIEW



Federal Rule of Civil Procedure 55, made applicable to bankruptcy proceedings by Fed. R. Bankr. P. 7055, provides the procedures for defaults and default judgments.



The entry of default by the clerk precedes the issuance of a default judgment. It is essentially a notation on the docket that the defendant has failed to plead or defend in a case as required by law. An entry of default is required before a clerk can sign and enter a default judgment.



Federal Rule of Civil Procedure 55 provides that default must be entered by the clerk "[w]hen a party against whom a judgment for affirmative relief is sought has failed to plead or otherwise defend as provided by these rules and that fact is made to appear by affidavit or otherwise . . . ." Fed. R. Civ. P. 55(a). The clerk is permitted to enter a default only upon being presented with an affidavit or affirmation setting forth the facts. These facts should normally include:



Date of issuance of the summons;

Statement of whether the court fixed a deadline for the filing of an answer or motion, or whether the 30 (or 35) day limit applies;

Date of service of the complaint;

Date of filing of affidavit of service;

Statement that no answer or motion has been received within the time limit fixed by the court or by Fed. R. Bankr. P. 7012(a); and

Statement that the defendant is not in the military service, as required by 50 U.S.C. app. § 520.





PROCEDURE



Select Adversary.

Select Motions.

Select Clerk's Entry of Default.

Select or Add/Create Party

The Party Attorney Association screen may display. Indicate the party you represent.

Browse, verify and attach the Motion/Application (pdf file)

Attach supporting documents, if applicable.

Enter the party that is in default

Modify docket text as appropriate



WARNING: Verify filing entry information is correct before submitting the Final Docket Text.




Save the Notice of Electronic Filing.

Are you implying that this 8-K is an FRPT release? Hmmm... that's practically illegal. I wonder what the mods/SEC/NASD would think of this. Reminds me of ***** when he used to make up news stories.
 
Posted by glassman on :
 
no repo.

he's playing karma...
 
Posted by Repoman75 on :
 
quote:
Originally posted by glassman:
no repo.

he's playing karma...

Hehe... do you joust? I wish we could duel non lethally... like paintballs or something.
 
Posted by Jo4321 on :
 
Repo, at least edit your post and take that crap out until the mods delete his.

Though I think the FRPT thread-folks are more intelligent than to fall for that.

Jo

(So funny that I am in BOTH stocks. They are like night and day.)
 
Posted by Repoman75 on :
 
Mods won't delete it... I'm like Martin Luther King, Jr. and they are the Feds. They despise me and won't help my cause, but can't eliminate me .. yet.
 
Posted by Jo4321 on :
 
I HAVE A DREAM.....

That we are about to hit a new HOD.
 
Posted by Repoman75 on :
 
Yes maam... if we close near the HOD, we will be golden for the slow preholiday next week... treading water.
 
Posted by Jo4321 on :
 
There goes an order for 5000 shares at $11.39. Was that you 6Digits? [Smile]
 
Posted by lostone on :
 
so still good to get in now? man, i just need some action
 
Posted by Repoman75 on :
 
Jo, just remember, I think we are now in a blackout period for 60 days because of the NASDAQ application.. so watch the Defense wire for new contracts... we may not have any PR's.
 
Posted by Jo4321 on :
 
Do blackout periods tend to make people sell off during that time? Will price be as volatile as it has been over the past few months?

Hubby called me during lunch and would like me to sell off what I bought this AM.

Jo
 
Posted by lostone on :
 
so not a good idea to enter now?
 
Posted by glassman on :
 
quote:
Originally posted by Repoman75:
Mods won't delete it... I'm like Martin Luther King, Jr. and they are the Feds. They despise me and won't help my cause, but can't eliminate me .. yet.

OK Dr King... LOL
 
Posted by Repoman75 on :
 
Good question. I don't know. Maybe the normal retail investor will, and perhaps more shorts may come in, but the people in the know like us AND institutions will be loading up. Because if there is a blackout, then right after, PR after PR will hit and shorts will burn again and the average Joe will chase.

Why not take some profits? Doesn't hurt.
 
Posted by Repoman75 on :
 
quote:
Originally posted by lostone:
so not a good idea to enter now?

Well, if you plan to hold until 2007, it is a good idea definitely. If you're looking to flip next week,not sure to be honest. Again, I'm not sure of the blackout period, I'm only guessing.
 
Posted by Repoman75 on :
 
Just remember, institutions will be loading over the next month so the price may not drop at all....

And if contracts do hit the DoD wire, it will definitely not dip.

Just for the record, I am holding until we trade at least 2 weeks on the NAZ.
 
Posted by TimW on :
 
What do you guys make of this.. Dont know how common it is for the CEO to only have 11,000 shares.. last month he essentially sold all of his shares?? and for all the rest of the staff to sell such high quantities?


First number is quantity, second number price, third number how many shares they hold.


10/17/2006 BACH, HANNEKORE K TTEE
Intent to Sell 12,500 -- --

10/16/2006 POLLARD, RAYMOND
Director Buy (Non Open Market) 3,827 1.96 11,560

10/12/2006 AGUILAR, GALE RAMON
Chief Executive Officer Buy (Non Open Market) 3,827 1.96 129,143

10/12/2006 ERVIN, R. SCOTT
Secretary Buy (Non Open Market) 3,827 1.96 56,559

10/12/2006 MCGILTON, GORDON RONALD
Chief Executive Officer Buy (Non Open Market) 3,827 1.96 11,561

10/12/2006 KAVANAUGH, FRANK
Director Buy (Non Open Market) 3,827 1.96 3,662,787

10/12/2006 DAVIS, JACK ALAN
Director Buy (Non Open Market) 3,827 1.96 11,560

10/11/2006 MCGILTON, GORDON RONALD
Chief Executive Officer Automatic Sell 122,600 8.11 7,734

10/10/2006 MCGILTON, GORDON RONALD
Chief Executive Officer Automatic Sell 77,400 8.17 130,334

10/09/2006 MCGILTON, GORDON RONALD
Chief Executive Officer Automatic Sell 100,000 8.38 207,734

10/05/2006 KAVANAUGH, FRANK
Director Automatic Sell 287,277 8.11 3,658,960

10/04/2006 KAVANAUGH, FRANK
Director Automatic Sell 114,123 8.48 3,946,237

10/03/2006 KAVANAUGH, FRANK
Director Automatic Sell 178,600 8.55 4,060,360
 
Posted by Jo4321 on :
 
quote:
Why not take some profits? Doesn't hurt
It doesn't hurt, but it sure frustrates when they continue to go up. Here's some of my history with taking profits with big boards:

Sold Appl at $70.00 now $85.55+
Sold Goodyear at 13.80 now $18.15
Sold Xide at $3.05 now $4.18
Sold WOLF at $11.90 now $13.07

I'm thinking of starting my own newsletter where I send out alerts when I sell something.

Jo
 
Posted by Repoman75 on :
 
quote:
Originally posted by TimW:
What do you guys make of this.. Dont know how common it is for the CEO to only have 11,000 shares.. last month he essentially sold all of his shares?? and for all the rest of the staff to sell such high quantities?


First number is quantity, second number price, third number how many shares they hold.


10/17/2006 BACH, HANNEKORE K TTEE
Intent to Sell 12,500 -- --

10/16/2006 POLLARD, RAYMOND
Director Buy (Non Open Market) 3,827 1.96 11,560

10/12/2006 AGUILAR, GALE RAMON
Chief Executive Officer Buy (Non Open Market) 3,827 1.96 129,143

10/12/2006 ERVIN, R. SCOTT
Secretary Buy (Non Open Market) 3,827 1.96 56,559

10/12/2006 MCGILTON, GORDON RONALD
Chief Executive Officer Buy (Non Open Market) 3,827 1.96 11,561

10/12/2006 KAVANAUGH, FRANK
Director Buy (Non Open Market) 3,827 1.96 3,662,787

10/12/2006 DAVIS, JACK ALAN
Director Buy (Non Open Market) 3,827 1.96 11,560

10/11/2006 MCGILTON, GORDON RONALD
Chief Executive Officer Automatic Sell 122,600 8.11 7,734

10/10/2006 MCGILTON, GORDON RONALD
Chief Executive Officer Automatic Sell 77,400 8.17 130,334

10/09/2006 MCGILTON, GORDON RONALD
Chief Executive Officer Automatic Sell 100,000 8.38 207,734

10/05/2006 KAVANAUGH, FRANK
Director Automatic Sell 287,277 8.11 3,658,960

10/04/2006 KAVANAUGH, FRANK
Director Automatic Sell 114,123 8.48 3,946,237

10/03/2006 KAVANAUGH, FRANK
Director Automatic Sell 178,600 8.55 4,060,360

Planned sales. Already covered, thanks for trying to bash.

You get a C-.
 
Posted by TimW on :
 
Not trying to bash, just dont understand. Can you explain?

IMO i dont like to see a CEO sell their position off ?
 
Posted by lostone on :
 
damn, the price went up 15 cents while i'm still thinking whether to jump in or not.. err.. maybe look for a dip next week..
 
Posted by Repoman75 on :
 
quote:
Originally posted by Jo4321:
quote:
Why not take some profits? Doesn't hurt
It doesn't hurt, but it sure frustrates when they continue to go up. Here's some of my history with taking profits with big boards:

Sold Appl at $70.00 now $85.55+
Sold Goodyear at 13.80 now $18.15
Sold Xide at $3.05 now $4.18
Sold WOLF at $11.90 now $13.07

I'm thinking of starting my own newsletter where I send out alerts when I sell something.

Jo

I hear ya, trust me!

Sold NTRZ at $1.30, now $2.25
Sold SIGA at $1.80, now $3.75
Sold SOLM at $1.94, hit $2.75
 
Posted by Jo4321 on :
 
Repo, I think he was asking about the fact that it states that McGilton has just 11,560 shares after the sale. Is that accurate? YOU probably hold more than that [Smile]

Jo

Edited to add: Maybe we should publish send out our alerts together repo! I sold SIGA before the big jump to $4.00 too. Those were just my big board stocks I was listing.
 
Posted by TimW on :
 
quote:
Originally posted by Jo4321:
Repo, I think he was asking about the fact that it states that McGilton has just 11,560 shares after the sale. Is that accurate? YOU probably hold more than that [Smile]

Jo

Essentially thats what I'm inquiring about, yes. [Smile]
 
Posted by Repoman75 on :
 
quote:
Originally posted by TimW:
Not trying to bash, just dont understand. Can you explain?

IMO i dont like to see a CEO sell their position off ?

Ok. Basically, when CEO's of companies want to sell shares, large blocks, they need to setup plans. Why? Because if bad news comes out right after they sell, they are legally off the hook because they plan the sale months if not years in advance.

These sales, if you look at the SEC notices, were almost planned.... I guess either they thought it would never hit $8 or that they KNEW it would hit $8 in a certain time period based on them running the company so well and figured its a good price to cash some stock out.

Now at $11.50.. I guess they should have held, but you usually can't cancel the plans once setup.
 
Posted by Repoman75 on :
 
quote:
Originally posted by TimW:
quote:
Originally posted by Jo4321:
Repo, I think he was asking about the fact that it states that McGilton has just 11,560 shares after the sale. Is that accurate? YOU probably hold more than that [Smile]

Jo

Essentially thats what I'm inquiring about, yes. [Smile]
Oh, well, he was just awarded 500K warrants at $7.47... lucky SOB. So, I'm sure he is loaded with options... don't need stock. Plus, the real genius behind this company is Frank K., not McGilton.
 
Posted by Jo4321 on :
 
Okay nevermind, you answered it above me.


Jo
 
Posted by lostone on :
 
Repo, what other good ones are you in? help me out bro
 
Posted by Repoman75 on :
 
Load up on NTRZ if it dips near $2.... its going to $3 by the next earning release.
 
Posted by lostone on :
 
OMG 11.64 now.. errr
 
Posted by Repoman75 on :
 
Remember, last week we had 3.5 million shorts... this is what a squeeze looks like.
 
Posted by Jo4321 on :
 
ALERT. I sold some for $11.72.

Now it will skyrocket. [Smile]
 
Posted by lostone on :
 
damn i feel like getting at least 500 shares to see what's gonna happen
 
Posted by lostone on :
 
but i think i should have patience and watch til next week
 
Posted by Repoman75 on :
 
quote:
Originally posted by lostone:
damn i feel like getting at least 500 shares to see what's gonna happen

Wait for a dip.. I'm telling you, its the greatest stock since TASR. Remember that run???
 
Posted by Repoman75 on :
 
Glassman is a bashing mod... hahaha... another CSHD bagholder looking at the Xmas party from the outside window, shivering...ahaha.. more eggnog please!
 
Posted by lostone on :
 
quote:
Originally posted by Repoman75:
quote:
Originally posted by lostone:
damn i feel like getting at least 500 shares to see what's gonna happen

Wait for a dip.. I'm telling you, its the greatest stock since TASR. Remember that run???
i actually don't do much of real stocks.. mostly subpennies.. but been losing so much lately with CSHD, WWEN, ACMG, ACHI and now looking for a change i'll be happy with 25% gain a week..
 
Posted by glassman on :
 
quote:
Originally posted by Repoman75:
Glassman is a bashing mod... hahaha... another CSHD bagholder looking at the Xmas party from the outside window, shivering...ahaha.. more eggnog please!

bashing?

you are confused again repo...

that was reminder to you that you didn't invent anything here...

check the dates...
 
Posted by Jo4321 on :
 
Well, now I feel better. Took some profits, daddy will be happy, and I still have the rest to ride out to NASDAQ.

I'm looking for the analysts who just recently raised their targets to raise them again. That should keep it moving!

Jo
 
Posted by Repoman75 on :
 
quote:
Originally posted by glassman:
quote:
Originally posted by Repoman75:
Glassman is a bashing mod... hahaha... another CSHD bagholder looking at the Xmas party from the outside window, shivering...ahaha.. more eggnog please!

bashing?

you are confused again repo...

that was reminder to you that you didn't invent anything here...

check the dates...

I didn't invent anything, nope. I owe everything to Malloy.

I am Plato, he is Socrates...

Or

He is Teddy Roosevelt, I am FDR!

"The only thing we have to fear is scam stocks!"
 
Posted by TimW on :
 
Thanks.. the scheduled sells make sense. Just the going down to only 11,000 shares looked unusual compared to the shares everyone else had.
 
Posted by Upside on :
 
Glass, your mailbox is full.
 
Posted by TimW on :
 
quote:
Originally posted by Repoman75:
quote:
Originally posted by lostone:
damn i feel like getting at least 500 shares to see what's gonna happen

Wait for a dip.. I'm telling you, its the greatest stock since TASR. Remember that run???
OMG people here know of TASR?

TASR is local to me.. They had PAID pumpers throughout the phoenix metro area.. surely wasnt a scam, but they were really spreading it around here. I personally knew a few of them.

Not a bash on FRPT, but a fact on TASR.

Wow i didnt think id ever hear of tasr again.

Were you lucky enough to get into that one repo?
 
Posted by glassman on :
 
quote:
Originally posted by Upside:
Glass, your mailbox is full.

cleaned out again...
 
Posted by lostone on :
 
REpo, you think USXP could get a run pretty soon? don't know if u still do subpennies
 
Posted by Jo4321 on :
 
Woo hoo! New highs ever couple of minutes.

Where's Chart with his resistance numbers?

Jo
 
Posted by lostone on :
 
tell me about it.. wow.. up and up and up.. i don't think it's gonna dip today..
 
Posted by Jo4321 on :
 
Institutional holders:

Link
 
Posted by Repoman75 on :
 
quote:
Originally posted by lostone:
REpo, you think USXP could get a run pretty soon? don't know if u still do subpennies

I do, and NO, do not buy in my opinion.
 
Posted by 6digits on :
 
Before you go down on Frazier, consider what you are accusing me of. Maybe you can hire a lawyer to proscute me with your big stock. HHAAAAAHAAAAAHAAAA
Show us the fake news stories. Hey this is fun.


quote:
Originally posted by Repoman75:
quote:
Originally posted by 6digits:
REPO, heres an update on one of your favorite stocks that you were looking for. This is just a small portion. I will post more as needed.
Request for Clerk's Entry of Default



OVERVIEW



Federal Rule of Civil Procedure 55, made applicable to bankruptcy proceedings by Fed. R. Bankr. P. 7055, provides the procedures for defaults and default judgments.



The entry of default by the clerk precedes the issuance of a default judgment. It is essentially a notation on the docket that the defendant has failed to plead or defend in a case as required by law. An entry of default is required before a clerk can sign and enter a default judgment.



Federal Rule of Civil Procedure 55 provides that default must be entered by the clerk "[w]hen a party against whom a judgment for affirmative relief is sought has failed to plead or otherwise defend as provided by these rules and that fact is made to appear by affidavit or otherwise . . . ." Fed. R. Civ. P. 55(a). The clerk is permitted to enter a default only upon being presented with an affidavit or affirmation setting forth the facts. These facts should normally include:



Date of issuance of the summons;

Statement of whether the court fixed a deadline for the filing of an answer or motion, or whether the 30 (or 35) day limit applies;

Date of service of the complaint;

Date of filing of affidavit of service;

Statement that no answer or motion has been received within the time limit fixed by the court or by Fed. R. Bankr. P. 7012(a); and

Statement that the defendant is not in the military service, as required by 50 U.S.C. app. § 520.





PROCEDURE



Select Adversary.

Select Motions.

Select Clerk's Entry of Default.

Select or Add/Create Party

The Party Attorney Association screen may display. Indicate the party you represent.

Browse, verify and attach the Motion/Application (pdf file)

Attach supporting documents, if applicable.

Enter the party that is in default

Modify docket text as appropriate



WARNING: Verify filing entry information is correct before submitting the Final Docket Text.




Save the Notice of Electronic Filing.

Are you implying that this 8-K is an FRPT release? Hmmm... that's practically illegal. I wonder what the mods/SEC/NASD would think of this. Reminds me of ***** when he used to make up news stories.

 
Posted by Repoman75 on :
 
I just want to thank you for continually bumping the thread of a WINNING stock to the top of the board. Please keep posting.
 
Posted by lostone on :
 
quote:
Originally posted by Repoman75:
quote:
Originally posted by lostone:
REpo, you think USXP could get a run pretty soon? don't know if u still do subpennies

I do, and NO, do not buy in my opinion.
can't do anymore harm to me.. it's been done.. luckily i can afford to lose all this money, since it's all profits anyway.. but i could have walked away big on CSHD in the high 3's ..bummer
 
Posted by 6digits on :
 
I'm just bored, like you said you are at the CSHD thread, it's all in fun is'nt it.

quote:
Originally posted by Repoman75:
I just want to thank you for continually bumping the thread of a WINNING stock to the top of the board. Please keep posting.


 
Posted by Repoman75 on :
 
Institutional ownership now almost 17%... they are loading up, are you?
 
Posted by Repoman75 on :
 
EOD run, here it comes.

Chart, need a T/A update for next week.
 
Posted by Repoman75 on :
 
I can't believe it, SBSH (Citibank) is STILL short... he's splitting the bid to buy...
 
Posted by Repoman75 on :
 
Ok, apparently NO, repeat, NO blackout period on PR's during the listing.... more PR's to follow on Cougar/Cheetah orders.
 
Posted by Jo4321 on :
 
And FRPT loves Friday after-hours PR's.

Let's see what happens.

Jo
 
Posted by Repoman75 on :
 
News for 'FRPT' - (UHA Changes EPS Estimate of FORCE PROTECTION INC)


Nov 17, 2006 (Nelson's Broker Summaries via COMTEX) --


Company: FORCE PROTECTION INC

Report Headline: "FRPT: Q3 Review"

Report Date: November 15, 2006


Current FY EPS Estimate [FY2006]:
0.12

Previous EPS Estimate for Current FY [FY2006]: 0.12



Current Quarter EPS Estimate [Q4]: 0.08

Previous EPS Estimate for Current Quarter [Q4]: 0.06
 
Posted by Jo4321 on :
 
Alert: I just sold CKYS at .037 LOL


-----
And back on topic. Now for the rest of the analysts to upgrade their targets.

Jo
 
Posted by Repoman75 on :
 
Well, great close again. STRONG. Still holding my 10K shares.

Remember, this partnership with GD is only for 200 Cougars.... that could grow to 4000 real quick now.

And, the Cheetah. CHEETAH.
 
Posted by lostone on :
 
out of desperation, i bought 100 shares at 11.95 just for kicks.. paid 55 cents over the price i wanted to get in on.. bleh..
 
Posted by Chart walker on :
 
Hey gang!

Sorry to bale, had a kid sick (no big deal) and the other one has a birthday today so have to get back to that for now...

I'll run the charts for next week!! [Smile]

Have a great weekend peeps!
 
Posted by dollar13 on :
 
quote:
Originally posted by Repoman75:
Well, great close again. STRONG. Still holding my 10K shares.

Remember, this partnership with GD is only for 200 Cougars.... that could grow to 4000 real quick now.

And, the Cheetah. CHEETAH.

CONGRA.... REPO [Big Grin] [Big Grin] [Big Grin]
 
Posted by Repoman75 on :
 
Let's keep a WINNING stock thread near the top of the board, mmkay?
 
Posted by Jo4321 on :
 
I'll try Repo, but the CSHD thread just won't leave!

Article in The State (Columbia SC Newspaper
Force Protection to seek Nasdaq listing
 
Posted by Jo4321 on :
 
Our winning stock thread stayed about the CSHD thread for a record 12 minutes.

Trying again. Here's a more detailed article in the same paper. However, what's with the "FRPT went public in August?"

Jo

http://www.thestate.com/mld/thestate/business/16040591.htm
-----------------------------------
Force Protection wants Nasdaq listing

Ladson-based defense contractor’s shares went public in August
By BEN WERNER
bwerner*thestate.com
Force Protection has armored vehicles the military wants — and now it has stock it thinks investors want.

The Ladson-based defense contractor’s first public offering was in August, but now the company wants to better facilitate stock trades by having its shares listed on the Nasdaq exchange.

Force Protection shares, FRPT, now are quoted on the over-the-counter bulletin board.

The move to Nasdaq from having its stock listed on the over-the-counter exchange would create an increased visibility for the company and could open up larger lines of credit.

“If approved, we believe Force Protection will gain access to a broader institutional investor market, enhance its financing flexibility and provide greater liquidity for its shareholders,” said company chairman Frank Kavanaugh.

Force Protection already meets the financial requirements of being listed on the Nasdaq exchange, officials said, but it needs to work out some issues regarding its corporate board.

Ultimately, the increased access to capital would help as the company tries to match what has become a surging demand for its vehicles.

As the U.S. military continues fighting insurgents in Iraq and Afghanistan, Force Protection’s sales have skyrocketed.

For 2006, the company expects sales to top $200 million, compared to the $49.7 million reported last year.

Looking at 2007, the company is hoping to report another significant increase in sales, thanks to the popularity of its vehicles. A week ago, the Marine Corps. sent an indefinite delivery order to Force Protection, worth up to $214 million.

Force Protection shares closed cents Friday at $.

Reach Werner at (803) 771-8509.
--------------
 
Posted by Repoman75 on :
 
Oh what a beautiful morning...

108 Mastiffs(Cougars)now on order from the British (was 85).

They keep adding and adding!

http://www.publications.parliament.uk/cgi-bin/newhtml_hl?DB=semsimple&STEMMER=en &WORDS=mastiff&ALL=
&ANY=&PHRASE=&CATEGORIES=&SIMPLE=mastiff&SPEAKER=&COLOUR=Red&STYLE=s&ANCHOR=musc at_highlighter_first
_match&URL=/pa/cm200506/cmhansrd/cm061107/text/61107w0105.htm#muscat_highlighter _first_match
 
Posted by Chart walker on :
 
Good Morning Board!!

Took awhile to get here, had to "climb" over that mountain of money this stock has made us [Big Grin] [Big Grin]
Hope everyone had a good weekend [Smile]

--I'll be back... working the charts now ~
 
Posted by Repoman75 on :
 
More recommendations...

I'll fill everyon in on my price targets, as I had originally said I was going to sell 1/2 at $10. Well, now I'm looking to sell 1/2 at $20.

Wright Reports-FRPT
Symbol(s): FRPT.OB
Date: 18-Nov-06
Contributor: Wright Reports
Title: A textual analysis of Force Protection, Inc.'s financial statements, including company description and recent stock performance, versus Arotech Corporation, Amerigon Incorporated and Quantum Fuel Systems Technologies Worldwide, Inc..
Document Size: 0 pages
Price: $25
Document Type: Mini Website
 
Posted by Chart walker on :
 
Our closest gap..
up Nov-17-2006 10.27 to 10.37

In looking at this, everything is strong yet, a pullback would be expected, but right now this thing is running hard and we finished strong at EOD so today I expect it to bounce somewhat, find a new "comfy" spot.

Hopefully it's a little higher [Smile]

I can get behind the 1/2 at $20 also.....
-Nice job Repo ~
 
Posted by Repoman75 on :
 
$12.05 now... you are witnessing a real short squeeze.
 
Posted by Rhyz on :
 
Nice gap this morning. I couldn't wait for the weekend to be over! LOL
 
Posted by Repoman75 on :
 
quote:
Originally posted by Rhyz:
Nice gap this morning. I couldn't wait for the weekend to be over! LOL

Yeah! Hold tight, $15 coming real soon.
 
Posted by Chart walker on :
 
Yep, still hot I see [Big Grin]
 
Posted by Rhyz on :
 
Oh I'm not selling Repo, looking for a good target to jump in for some more.
 
Posted by Chart walker on :
 
It's looking for that "comfy spot" I was talking about...

I'll say 11.30 at the lowest, had a pretty good intraday baseline there.... Might take some to get there, like I said expect it to jump around a little... [Big Grin]
 
Posted by Chart walker on :
 
Might fall to 11.05...

That's right, we did have flippers on this....
Hope that one hopes.
 
Posted by Rhyz on :
 
Support in around 11.18 it looks like.
 
Posted by Chart walker on :
 
dip's over... for now [Smile]
 
Posted by Repoman75 on :
 
Good call... 11.20 is support, now let's move it back to $12.
 
Posted by Chart walker on :
 
well there's the 11...
10.82 is next.

Still ok long term.
 
Posted by Repoman75 on :
 
What's the long term ok support?
 
Posted by Chart walker on :
 
quote:
Originally posted by Repoman75:
What's the long term ok support?

Bottom trend line, the support. If that were to get breached it would be good, would have to fall to 9.40 for that to happen....

Clearly an uptrend is in place now...
 
Posted by Repoman75 on :
 
NEWS!!!!!!!!!!!!

Force Protection, Inc. Announces Agreement with Armor Holdings, Inc.
Monday November 20, 10:03 am ET


LADSON, S.C.--(BUSINESS WIRE)--Force Protection, Inc. (OTCBB:FRPT - News) today announced it has reached an agreement with the Aerospace & Defense Group of Armor Holdings, Inc. (NYSE:AH - News) to join in the production of Force Protection's Cougar medium mine-protected vehicle.

Force Protection will be the prime contractorunder the agreement, with Armor Holdings as principal subcontractor, using its Sealy, Texas based capacity and core expertise in the automotive integration and assembly of the vehicle.

"Force Protection's commitment has always been to get the life-saving technology incorporated in the Cougar and our other vehicles out to the field in the numbers needed," said Force Protection CEO Gordon McGilton. "This partnering agreement is an important step to ensure this takes place, especially in light of the increasing demand for the vehicle. We are extremely pleased to work with a company of the breadth and depth of Armor Holdings as we continue to fulfill this objective."

Force Protection's Cougar vehicle has been deployed since 2004 in the global war on terror. Despite more than 1,000 mine detonations and IED attacks, not a single fatality has occurred in a Force Protection vehicle. The Cougar was first used by the 1st Marine Expeditionary Force in Falujah, and its use has since been expanded to all branches of the U.S. armed forces.

Robert Schiller, President of Armor Holdings, Inc., said, "Force Protection's Cougar armored vehicle has a proven record of saving lives. Armor Holdings has a proven record of economically supplying world class quality tactical wheeled vehicles in high volumes, and we are very pleased to be working with Force Protection toward getting this critical capability to our troops."

The understanding between the companies is effective as of November 11, 2006. Force Protection has delivered more than 300 blast- and ballistic-protected vehicles to the U.S. government since 2003.
 
Posted by Chart walker on :
 
seeing our first "step" in what I hope will be an uptrend, Stochastic is buried so it's safe to say that was our bottom.

yep, and up we go again...

-I'll check back later [Smile]
 
Posted by Repoman75 on :
 
Where's Jo???????
 
Posted by Rhyz on :
 
Well picked up 200 more around 11, not but but its an add [Smile]
 
Posted by Chart walker on :
 
wow...

I have to gloat... [Smile]

"I BAGGED that bottom!!" ha ha ~~
[Big Grin]
 
Posted by Rhyz on :
 
That you did, I thought we would hold at 11.18 but what can ya do. [Smile]
 
Posted by Repoman75 on :
 
Its good to have a F/A God and a T/A God following a stock... can't go wrong.
 
Posted by Rhyz on :
 
Can't agree with you more Repo!
 
Posted by Repoman75 on :
 
Buffalo transforms into movie role
Buffalo transforms into movie role

A Ladson-based defense contractor is going Hollywood.

Or at least one of its marquee products is.

Force Protection Industries Inc., which makes armored vehicles for the military, recently loaned one of its hulking tank-like Buffalo models to the makers of "Transformers," a live-action science-fiction film based on the popular 1980s cartoon and toy line.

The 23-ton claw-equipped behemoth, now back in the company's plant across from Exchange Park on Highway 78, spent about two months on the set, said Force Protection spokeswoman Tommy Pruitt. The vehicle was cast in the film as a "Decepticon" named Bonecrusher, as suggested by emblems that have been painted on its sides.

Pruitt said he did not know who or what the filmmakers plan to transform the Buffalo into.

It is one of about 300 blast-resistant vehicles that Force Protection has made for the armed services. They have been in service for nearly three years in Afghanistan and Iraq.

The company has said no troops have been killed or seriously injured while riding in one of its heavy-duty transports.

The filming of "Transformers" started in May, according to reports. It is being produced by Steven Spielberg and Dreamworks, among others.

The tentative release date is set, fittingly, for next July 4.
 
Posted by Chart walker on :
 
11.45 is our "comfy" line. Whew ~
Strong...

And, almost looks like an acending triangle is forming in the intraday charts as well [Smile]
Could happen anytime ~ (breakout that is...)

Should be a good day, maybe EOD run again..."?"
 
Posted by Chart walker on :
 
11.60 btw is our breakout point with the ascending triangle! [Smile]
 
Posted by Repoman75 on :
 
$11.75... I guess we just broke out!

Look for a HUGE Cougar order in a few days/ weeks.
 
Posted by Chart walker on :
 
Rock on!!

Dang, I think I need to buy a lottery ticket today with the luck I'm having! ha ~

There should be a retest coming of the 11.60 break point. ~

If it plays by the rules [Big Grin]
 
Posted by Repoman75 on :
 
Consolidating here... nice.
 
Posted by Repoman75 on :
 
SBSH is STILL short.. jesus, you would have thought he would have had the brains to cover this morning... look at his bids - 11.7001
 
Posted by Repoman75 on :
 
ARCA shorting again! Unreal. Welp, next big contract will get them screwed, again.
 
Posted by Rhyz on :
 
Just added more on this dip.
 
Posted by Repoman75 on :
 
Nice pickup.

4000 Cougar order coming shortly... fry these *******s.
 
Posted by Rhyz on :
 
Yeah got 100 at 11.01 earlier and 10.97 just before. Couldn't resist. [Smile]
 
Posted by Chart walker on :
 
We got spoiled!
-but there is a "3 day run rule."
[unwritten, but there, sorry [Smile] ]

http://stockcharts.com/h-sc/ui?s=FRPT&p=D&b=5&g=0&id=p52882004658

With Stochastic now in overbought, it would be a good day or two to kick back...

Those looking to add will get their chance by the looks of it.

Everything still looking good and normal, how does one know? Glad you asked! [Big Grin]

Trick for you...

Note how MACD (overlaid behind price chart above) when it goes negative and is resetting that the price doesn't fall much, now note that when MACD is positive the price really climbs...

That is a show of strentgh, more Bulls here then Bears.

Indicators tell alot if you know what they are saying [Smile]

Of course the greedy part of me wants to see that gap filled (10.27) so I can add.

Support levels.
supp 11.09 hit 1
supp 10.35 hit 3
supp 9.41 hit 3
supp 9.11 hit 3

Institutional Ownership Info:

http://www.nasdaq.com/asp/Holdings.asp?mode=&kind=&symbol=CSHD&symbol=FRPT&symbo l=&symbol=&symbol=&symbol=&symbol=&symbol=&symbol=&symbol=&FormType=&mkttype=&pa thname=&page=holdingssummary&selected=FRPT

See you in the AM!
Chart ~
 
Posted by kcool on :
 
Repo, can you advise me on a few decent stocks for the short run that can make up for CSHD [Smile] thanks.
 
Posted by Rhyz on :
 
Well I'm sitting today unless this dips more for another buy in. Otherwise just waiting for our listing [Smile]
 
Posted by Repoman75 on :
 
quote:
Originally posted by kcool:
Repo, can you advise me on a few decent stocks for the short run that can make up for CSHD [Smile] thanks.

Short run? Not really, but my pick, besides FRPT for the next 2 months is NTRZ. Just check out is earnings and insider transactions. Should hit $3 - $4 before the next earnings release.

As for FRPT, I'm hoping we hold $11.... I tired of this OTC BS.
 
Posted by Chart walker on :
 
NTRZ does look like a "quickie" IMO
[Smile]

http://stockcharts.com/h-sc/ui?s=NTRZ&p=D&b=5&g=0&id=p63098408191
 
Posted by Repoman75 on :
 
Gapping a little.
 
Posted by Chart walker on :
 
gap.. check out my BANY... wow ~
Missed it!, Twice now! ha ha ~
 
Posted by Repoman75 on :
 
BANY is going to crash hard, either today or tomorrow... but still a good play if you were in yesterday.
 
Posted by Repoman75 on :
 
Jo, here's your buying opp.
 
Posted by Chart walker on :
 
quote:
Originally posted by Repoman75:
BANY is going to crash hard, either today or tomorrow... but still a good play if you were in yesterday.

You can count on that!
after a 400+ % gain.. "SOLD!!" lol ~~

-at least that's what I WOULD've done [Smile]

I put a pic out for today, PYTO...
-playing with that one today [Smile]
 
Posted by Jo4321 on :
 
Thanks, Repo, (for saving me from buying more at $10.90 yesterday)

You're the man!

Jo
 
Posted by Jo4321 on :
 
Couldn't get filled at $10.50. Flew past me.

Guess we'll see what happens later in the day.

Jo
 
Posted by Chart walker on :
 
-gap should fill, 10.26
 
Posted by Jo4321 on :
 
waiting for it.
 
Posted by Jo4321 on :
 
Dang, look at BANY. On it's way to .01
 
Posted by Chart walker on :
 
quote:
Originally posted by Jo4321:
Dang, look at BANY. On it's way to .01

Wonder if it'll rally past that in a EOD run?...
 
Posted by Chart walker on :
 
supp 10.35 hit 3 -from last nights post...

Hit 10.40
Hmmm....

I like to only miss those by a cent or two...
Oh well,... I'll take it ~ [Big Grin]
 
Posted by Repoman75 on :
 
So what now, retrace up? Barring any news of course...
 
Posted by Chart walker on :
 
Let's see what it tells us EOD, so far we are "stepping" up off that support of 10.40.

There are other gaps to fill, but this is a wanted stock, so I think only a fool would sell at these prices before we hit the NAZDAC move, however it makes a good buy in point.

Like I said, EOD will tell us alot ~
 
Posted by portman on :
 
I bought a bunch of this crap....is it any good?...lol
 
Posted by Repoman75 on :
 
From FRPT Media digest 11/21

Military manufacturers team up
BY TIM RAUSCH - Nov. 21, 2006


LIMA — The Joint Systems Manufacturing Center and Force Protection Inc. have a few things in common: they make armored military vehicles and Damon Walsh worked there.

The former Army commander of the Lima military vehicle maker was the catalyst for a unique agreement between the two companies, said Peter Keating, spokesman for General Dynamics Land Systems.

Walsh retired from the military in July 2005, his last post being the commander of the Joint Systems Manufacturing Center for three years. He then went to work for South Carolina-based Force Protection Inc.

Force Protection and General Dynamics Land Systems struck a deal last week to work together in the production of the Cougar, a mine-protected utility vehicle that the Marine Corps has used in Iraq.

The Marine Corps signed a $214 million contract with Force Protection this month to build 200 Cougars, plus 80 Buffalo mine-clearing vehicles, according to the company.

"He called us because he knew we had the capability. They were searching. That’s what led to the initial inquiries by them," Keating said.

General Dynamics agreed to be a subcontractor for Force Protection for the next five years, a business-to-business arrangement that’s never happened before, Keating said.

"We will do the fabrication and welding of the armored capsule, which you could say is the hull, the compartment, that the crew rides in," Keating said.

The shell will be shipped back to South Carolina where it will be finished.

"We are optimistically looking at delivering some as early as January 2007. It is a rather aggressive schedule," said plant manager Keith Deters. "It will help us better diversify our products here in Lima. It is welcome work. We do have a place to build them."

Keating said it is unclear as to whether the Cougar contract will affect employment levels in Lima.

"Force Protection is delighted to partner with an organization of the caliber, depth and experience of General Dynamics to ensure the production capacity necessary to get this vehicle to the field in the numbers needed," said Force Protection chief executive officer Gordon McGilton.

"It is part of the overall plan we’ve had the last couple of years to expand the reputation and capability of the plant to be the best source for the armed service for armor protection," Keating said of the Lima facility.




UPCOMING EVENTS


SOFEX
DATE: December 4-5, 2006
LOCATION: Fort Bragg, NC


Defense Manufacturing Summit
DATE: January 28-30, 2007
LOCATION: Sawgrass Marriott Conference Center;
Ponte Vedre, FL


Tactical Wheeled Vehicles Conference
DATE: February 4-6, 2007
LOCATION: Monterey Visitors Center;
Monterey, CA

Special Ops
DATE: February 13-15, 2007
LOCATION: Fayetteville, NC
 
Posted by Rhyz on :
 
We're going to have alot of new inquiries after the Armor and GD agreements. Nice find Repo.
 
Posted by Repoman75 on :
 
quote:
Originally posted by Rhyz:
We're going to have alot of new inquiries after the Armor and GD agreements. Nice find Repo.

As soon as we get off this sh1t exchange, we will be hotter than Google. Day 1 of coverage will start when all 3 vehicles are parked outside of NASDAQ when ring the opening bell.
 
Posted by Chart walker on :
 
lol Repo...

You may be right!
I hope so, I first bought in in the 8's!

I can see $20 at Naz time.
But that is weeks away....

But the check IS in the mail!!! [Big Grin]
 
Posted by Rhyz on :
 
Was bored this morning and going over some data. Ya know with the new agreements with GD and AH. Both of those companies are huge assets to us. As in they have major contacts within the DoD. My thinking is not just with the boost of production Frpt has built up last qrt and with those 2 online but also the possiblity of alot more new orders. Confidence has to big with the players at this point I'm thinking.

Probably not eye opening for most of us here, but thought I'd share my views on it for the new investors in Frpt.
 
Posted by Repoman75 on :
 
The GD and AH agreement was prompted by an order of 200 - 300 Cougars out of a 4100 POSSIBLE order by the Marines... I think that order will come before the end of the year.

Also, we have gotten all of our orders from the Marines and the British... the Army, the big enchilada, still hasn't procured anything... wait until they want some vehicles.

Of course we are going to stagnate in the 10's, maybe touch the high 9's, but you never know when these PR's are released. Look at last week...we were in the high 6's and 2 days later, high 11's. To maximize your gain, hold tight!

November will end with a fizzle (though we could have a PR on the last Board of Director needed to complete the NAS application), but December is going to be awesome... XMAS WILL ROCK.
 
Posted by Rhyz on :
 
Yeah I'm thinking along the same lines Repo, Dec/Jan are going to be huge IMHO.
 
Posted by Chart walker on :
 
http://stockcharts.com/h-sc/ui?s=FRPT&p=D&b=5&g=0&id=p51389144596

Let's see what FRPT is telling us shall we? [Smile]

I put the FULL STOCHASTIC indicator on top, as this one reads this stock like a book. EVERY time this indicator was pointing down then bent upward it went for a profit, perfect buy in points.

"Rule of thumb" with the Full Stochastic indicator is to buy when it is BELOW the bottom horizontal bottom line and sell when ABOVE the top horizontal line (in a perfect world)Combine this with MACD and you'll nail tops and bottoms.

We are now in the OVERBOUGHT section and the STO indicator will reset, as soon as the green line crosses the red line again we will continue up, it looks like the "holiday effect" will effect us.

-Holiday effect is when investors selloff over the holidays so they don't have to watch their investments while they take vacations basically ~

Turn around points will also be seen when the HISTOGRAM bars in the MACD indicator start growing up or north again. Those are on the bottom indicator, you can see the "mountains" and how they go positive (GREEN) or negative (RED).

So unless earth shattering news happens, the stock will continue it's cycle pattern today.

Have a great holiday people!
Chart ~
 
Posted by Repoman75 on :
 
quote:
Originally posted by Chart walker:
http://stockcharts.com/h-sc/ui?s=FRPT&p=D&b=5&g=0&id=p51389144596

Let's see what FRPT is telling us shall we? [Smile]

I put the FULL STOCHASTIC indicator on top, as this one reads this stock like a book. EVERY time this indicator was pointing down then bent upward it went for a profit, perfect buy in points.

"Rule of thumb" with the Full Stochastic indicator is to buy when it is BELOW the bottom horizontal bottom line and sell when ABOVE the top horizontal line (in a perfect world)Combine this with MACD and you'll nail tops and bottoms.

We are now in the OVERBOUGHT section and the STO indicator will reset, as soon as the green line crosses the red line again we will continue up, it looks like the "holiday effect" will effect us.

-Holiday effect is when investors selloff over the holidays so they don't have to watch their investments while they take vacations basically ~

Turn around points will also be seen when the HISTOGRAM bars in the MACD indicator start growing up or north again. Those are on the bottom indicator, you can see the "mountains" and how they go positive (GREEN) or negative (RED).

So unless earth shattering news happens, the stock will continue it's cycle pattern today.

Have a great holiday people!
Chart ~

So barring any news, and if we stay in the low 10's, when do you anticipate the "catch up" to occur?
 
Posted by Repoman75 on :
 
News. Haha.

ILS Division at Force Protection, Inc. Records Dramatic Growth in '06
Wednesday November 22, 9:28 am ET


LADSON, S.C.--(BUSINESS WIRE)--Leading armored vehicle manufacturer Force Protection, Inc.'s (OTCBB:FRPT - News) Integrated Logistics Support (ILS) division reported dramatic expansion in 2006, with an estimated 400% increase in revenue to date.

The ILS division focuses on the maintenance and replacement parts support of the Company's Buffalo and Cougar blast- and ballistic-protected vehicles deployed in Iraq and Afghanistan. The vehicles have been delivered to the U.S. government in record numbers in the past year as the Company has implemented major production capacity and workforce expansion programs.

"The ILS division of Force Protection has had a huge year," said ILS Vice President Murray Hammick. "We believe we will have approximately $44 million in ILS revenues for 2006. Our total revenues in 2005 were approximately $8.5 million, as compared to approximately $35 million in revenues to date in 2006. Clearly, demand for our vehicles is increasing and the demand for our support services is growing along with it."

Logging more than 1.6 million hours of combat operations, Force Protection vehicles have withstood thousands of mine detonations and IED attacks since 2003 without a single fatality.

"The increase in ILS operations reflects a greater number of vehicles in operation," said Warranty Supervisor and retired Army First Sergeant Don Cowart. "Given the mission these vehicles fill, we anticipate the need for support services will continue to rise."
 
Posted by Repoman75 on :
 
400% revenue increase... WOW.
 
Posted by Jo4321 on :
 
Nice action this morning.
 
Posted by Repoman75 on :
 
WDCO, shorting chop shop is relentless... they must have lost a fortune on the last runup.
 
Posted by Rhyz on :
 
Yup, surprised by the low bid coming into the opening but a nice start of the day.
 
Posted by Chart walker on :
 
low bid maybe because it was in the pullback, nice to have news! [Smile]
 
Posted by Repoman75 on :
 
3.9 millions shares STILL short... WDCO and SBSH still underwater... F THEM!
 
Posted by Chart walker on :
 
Selling what you don't have is fraud I always thought. Hence my siggy below.

That chit strikes a nerve with me....
 
Posted by Repoman75 on :
 
quote:
Originally posted by Chart walker:
Selling what you don't have is fraud I always thought. Hence my siggy below.

That chit strikes a nerve with me....

Its a friggin' joke. SBSH MAY be shorting legitimately... but WDCO is a f'ing chop shop, so I know they are naked.

Look at Level II's... ALL DAY they are on the ask hitting the bid.
 
Posted by MoneyMoneyMoney on :
 
Showing downtrend so I sold out X 11.55 the other day. I'll pick back up in a week or two when she comes down more.

http://stockcharts.com/h-sc/ui?s=FRPT&p=D&b=5&g=0&id=p60415093321

http://stockcharts.com/h-sc/ui?s=FRPT&p=D&b=5&g=0&id=p05441519910
 
Posted by Repoman75 on :
 
quote:
Originally posted by MoneyMoneyMoney:
Showing downtrend so I sold out X 11.55 the other day. I'll pick back up in a week or two when she comes down more.

http://stockcharts.com/h-sc/ui?s=FRPT&p=D&b=5&g=0&id=p60415093321

http://stockcharts.com/h-sc/ui?s=FRPT&p=D&b=5&g=0&id=p05441519910

Please let us know REAL TIME when you buy back in, not 3 days later...
 
Posted by MoneyMoneyMoney on :
 
I'm serious when I say I will. I was in class at the time, sorry about that Repo. If anything happens out of the ordinary and I get caught without shares then that sucks because this is a REAL and TRUE business that will make us money.

I will be back in very SOON!!!
 
Posted by Repoman75 on :
 
And now, WDCO pulled itself from the bid/ask... interesting. Did they give up until Monday?
 
Posted by Repoman75 on :
 
Here is the enemy... I am writing an email to them now... will post it shortly.

http://www.wdco.com/wd/wdco.html
 
Posted by Chart walker on :
 
Ever hear the saying "The trend is your friend?"

Well we will continue in our pullback, the news will help support the PPS, but till the cycle is over.......

Hope that the stochastic indicator bottoms then looks straight up, then... "BUY the crap out of it!" LOL ~

Starting to really like this bad bay! [Smile]

In a 2 day channel, low being 10.39 high of 11

Those would be #'s to watch...
 
Posted by Chart walker on :
 
Can't wait to read it! [Big Grin]
 
Posted by Repoman75 on :
 
Here it is... don't expect a response.

Please forward this e-mail to the CEO of the your company:

In the movie Wall Street, Bud Fox asked Gordon Gecko, the symbol of greed in the American financial markets, "how much is enough?" I now ask you, CEO of Wilson-Davis & Co., the same question.

What is my basis for this question? Well, I have observed over the past 2-3 months, how your firm has engaged in the illegal and unethical practice of NAKED shorting on a particular stock that not only I have a vested interest, but the American public and the entire free world does as well. What stock am I referring to? The symbol is FRPT.ob. Company name, Force Protection, Inc.

I'm sure as CEO you are probably unaware of the company I mention. However, perhaps you should take a moment from your busy schedule to visit their website (www.forceprotection.net) and research what this company is manufacturing.

Not to bore you, but as you know, the United States is engaged in a world wide campaign against the forces of terror, with no end in sight. Currently, this campaign has taken our country, for better or worse, into Iraq and Afghanistan. While we initially engaged and overran the forces of terror using conventional warfare methods, the enemy has begun using one weapon at their disposal that can continue to harm, maim and kill American service men and women. That weapon is the Improvised Explosive Device (IEDs). IEDs are now the leading cause of U.S. casualties, and as our campaign on terror continues in other parts of the world, the IED will be the chosen weapon of the enemy in order to be successful at KILLING American troops.

Force Protection, Inc. manufacturers 3 vehicles (the Buffalo, the Cougar, the Cheetah) that COUNTERACT this threat. To date, NOT ONE U.S. SERVICEMAN HAS BEEN KILLED WHILE RIDING IN A FORCE PROTECTION VEHICLE FROM AN IED. You may want to reread that sentence again and let it sink in... This statistic is in sharp contrast to the track record of the "Hummer", the mainstay of the U.S. Armed Forces that is used in the type of conflicts our country is now engaged in.

The point of all my e-mail? Well, your company has actively been engaged in NAKED shorting of this stock, which to me, is equivalent to FINANCIAL TERRORISM. You are but one step above the forces of terror who strike at our troops with IEDs. I don't understand how a U.S. financial entity's CEO can sleep at night knowing that his traders are attempting to PUNISH the stock of a company that is in the business of saving AMERICAN LIVES for financial gain.

Which leads me to my original premise and question... "How much is enough?" Of all stocks to short, is this one absolutely necessary, considering the value it has in the United States of America's fight on global terrorism?

Thank you for your time and consideration
 
Posted by Jo4321 on :
 
So with this "holiday effect" where do you see resistance, Chart?

Jo
 
Posted by Repoman75 on :
 
Has anyone besides me been watching the Level II's? Its comical.

WDCO, now losing money after shorting early this morning prior to the PR and runup, is sitting on the bid, driving the price up. HOWEVER, whenever it senses weakness or sells coming in, it will put itself on the ask as well to try and push the price down... its hilarious.

I hope that WDCO trader gets NO bonus this year!
 
Posted by Jo4321 on :
 
I don't see WDCO at all anymore. Maybe he packed up his ball and went home.

Jo
 
Posted by Chart walker on :
 
quote:
Originally posted by Jo4321:
So with this "holiday effect" where do you see resistance, Chart?

Jo

Sorry was out for a bit ~

That top channel line, $11, it would be nice to stay above that, however the long term trendline, we are sitting way above.

-we are retrying that $11 line now...
 
Posted by Chart walker on :
 
Repo that letter was perfect ~

Hitting Ethical and Moral keys...
 
Posted by Rhyz on :
 
I haven't seen WDCO the last 40 minutes. [Smile]
 
Posted by Rhyz on :
 
Well nice close at 11.01
 
Posted by Chart walker on :
 
yes, very pleased!

Later peeps!!
 
Posted by Jo4321 on :
 
Not again.

http://xml.10kwizard.com/filing_raw.php?repo=tenk&ipage=4509685

Guess another "buying op" is coming as shorts use this to drive the price down.

Jo
 
Posted by Repoman75 on :
 
Another planned sale.. read the fine print. He can't cancel those sales, or the SEC will investigate.

So, let the shorts come in.. if they dare!
 
Posted by Repoman75 on :
 
Maybe my letter to WDCO worked? $11.33.... hopefully we don't get creamed on Monday.
 
Posted by Repoman75 on :
 
Maybe my letter to WDCO worked? $11.33.... hopefully we don't get creamed on Monday.
 
Posted by portman on :
 
It was a very good letter Repo.
 
Posted by Jo4321 on :
 
http://www.strategypage.com/htmw/htproc/articles/20061123.aspx

Procurement: Can't Get Enough Cougars

November 23, 2006: The manufacturer of the popular (in Iraq) Cougar armored vehicle, has joined with major defense contractor General Dynamics, to increase production. The Cougar was built to deal with mines and roadside bombs, and the U.S. Department of Defense has bought over 300 of them in the last three years. The manufacturer does not have the capacity to fill all the orders that are coming in, thus the deal with General Dynamics.

The Cougar armored vehicles are basically 12 ton trucks with armor added so that it can survive bombs, mines, and bullets. The Cougars are built using the same construction techniques pioneered by South African firms that have, over the years, delivered over 14,000 landmine resistant vehicles to the South African armed forces. The South African technology was imported into the U.S. in the 1990s. The Cougar was first used , by U.S. troops in the late 1990s, in the Balkans, and comes in two versions. The four wheel one can carry ten passengers, while the six wheel one can carry 16. The vehicle uses a capsule design to protect the passengers and key vehicle components from mines and roadside bombs. Cougars cost about $730,000 each, fully equipped. The Cougars are about the same weight of the usual wheeled armored vehicles, but cost less than half as much. Cougars provide similar carrying capacity and protection. The Iraq army is buying 378 armored trucks modeled on the Cougar. This Iraqi Light Armored Vehicles (ILAV) will cost about $432,000 each. The ILAV is based on the four wheel Cougar, which can carry ten passengers. The first ILAVs will arrive next year. If the ILAV proves popular, the contract already makes provision for a total of 1,050 vehicles to be delivered by 2009. The Cougar is also popular with aid organizations operating in unruly areas.
 
Posted by Jo4321 on :
 
FWIW, American B*ulls has FRPT as BUY CONFIRMED today.

http://www.american*bulls.com/StockPage.asp?CompanyTicker=FRPT&MarketTicker=OTC& TYP=S

(take out the *)
 
Posted by Repoman75 on :
 
More press coverage...

http://www.military.com/features/0,15240,119517,00.html?wh=wh

Hand-Built Armored Vehicles Save Lives

David Axe | November 27, 2006

The U.S. Army fielded its first Buffalo armored vehicle to an Explosive Ordnance Disposal team in Iraq in mid 2003. Three years later, South Carolina-based manufacturer Force Protection has delivered around 300 Buffalos and smaller Cougars to the Army and Marine Corps. And despite more than 1,000 attacks on Soldiers and Marines riding in the vehicles in Iraq, there have been no fatalities. Now the company is set to massively expand production of the lifesaving trucks.
"Our vehicles take good care of us," Staff Sergeant Colin Thompson said in January. Thompson and other members of the North Dakota National Guard's 164th Engineer Battalion patrolled the streets around Balad, Iraq, for Improvised Explosive Devices, or IEDs. The unit was equipped with Buffalos, Cougars, up-armored Humvees and other vehicles, but credited the custom-designed Buffalos and Cougars with keeping it safe from attack. Thompson recalled a 164th patrol that was hit by three IEDs but suffered no injuries.

"Our armored vehicles effectively counter the effects of IEDs, land mines and roadside bombs," Force Protection CEO Gordon McGilton said in a recent statement. "In terms of safety and survivability, no other vehicle deployed in the war compares."

Some classified design secrets contribute to the vehicles' high degree of protection. But the major reason Buffalos and Cougars are so safe is simple: In an age when the military is obsessed with cutting vehicles' weight to make them easily air-transportable, Force Protection makes its vehicles heavier.

At a converted jet engine factory in the small town of Ladson, Force Protection craftsmen build each Buffalo and Cougar by hand. They start with commercial trucks purchased direct from the manufacturer, tear the trucks down to their chassis then pile on a new body comprised of steel and composite armor. To the tall, six-wheeled Buffaloes the workers affix an articulated remote-controlled arm for probing IEDs. The Cougars, which come in four-by-four and six-by-six models, are outfitted with gun turrets for the Buffalo escort role.

Just two years ago, Force Protection had a staff of 12 hand-building one Buffalo per month, according to spokesman Wayne Phillips. Now the company employs 400 and churns out more than a vehicle per day. Force Protection is slated to build 300 Buffalos through 2010 and several hundred more Cougars. This year, Force Protection partnered with BAE Systems to build as many as 1,000 Cougar derivatives for the Iraqi Army under the U.S.-managed Iraqi Light Armored Vehicle program. In recent weeks, the company has signed a similar agreement with General Dynamics Land Systems to jointly manufacture the standard Cougar in order to meet rising demand, including 85 for the British Army.

Capitalizing on its successes, the firm is looking to compete for the new Joint Light Tactical Vehicle program, which aims to replace the Humvee across the U.S. military. As many as 100,000 vehicles are up for grabs in that competition.
 
Posted by Rhyz on :
 
Is this a nice gap I see today? Looks like it might be a great day. [Smile]
 
Posted by Repoman75 on :
 
WDCO on the bid huge... wonder if my letter worked.
 
Posted by Repoman75 on :
 
Just saw FRPT listed on the weekly top 10 picks over at stocktemple.com (http://www.stock temple.com/) (no spaces)
That should be good news!
 
Posted by Chart walker on :
 
--gap filled and up we go... -funny how 99% of the time on ALL stocks that that happens....

Like a "code" or unwritten law.
 
Posted by Rhyz on :
 
Yes we are, got into Tgen this morning also as I watched Frpt.
 
Posted by MoneyMoneyMoney on :
 
Repo,
I'm back in for a couple hundred shares now but got to head back to class [Frown] .
Too much good news and all going on right now esp with machines that render IED's useless.

I bought in $11.48 and look for MUCH, MUCH more.

Thanks for the pick and heads up, just wish I'd caught it quicker when you called it in the 2 dollar range.
 
Posted by Chart walker on :
 
Hey Repo..

How did you stumble onto this one?...
[can it be repeated....?] [Big Grin]
 
Posted by Repoman75 on :
 
Chart - I stumbled onto from Malloy's first post in this thread! Read page 1.. it shows my evolution into the stock.

Have to know whose picks to trust.... never know when you might find a gem amongst the dog crap.
 
Posted by Rhyz on :
 
And I went with Repo's after I did my own DD [Smile] So far a gem.
 
Posted by Jo4321 on :
 
Repo and I got into FRPT on that same fateful day in May.

Now back to the present, considering that this was the worst day for Wall Street in 4 months, FRPT held up pretty good today. Even with those planned sales going through on Wednesday.

Jo
 
Posted by Repoman75 on :
 
quote:
Originally posted by Jo4321:
Repo and I got into FRPT on that same fateful day in May.

Now back to the present, considering that this was the worst day for Wall Street in 4 months, FRPT held up pretty good today. Even with those planned sales going through on Wednesday.

Jo

I actually think you beat me to it... I didn't get in until $3.30.

Good news is coming... XMAS will be fantastic... HO HO HO.
 
Posted by Rhyz on :
 
Yeah I was surprised actually that it held up this good. I got n this later than you guys and been flipping ever since. Like the pot-o-gold it is! Today was great for me, got into TGEN and CNLG for a nice ride. Holding all free shares now. Wonder what tomorrow brings.
 
Posted by Repoman75 on :
 
4.5 million shares short as of Nov 10th, EVEN with the covering on the 15th-17th... are these boys ready to squeal like pigs when the 4100 Cougar order is announced next month?

http://www.otcbb.com/asp/OTCE_Short_Interest.asp
 
Posted by Chart walker on :
 
http://stockcharts.com/h-sc/ui?s=FRPT&p=D&b=5&g=0&id=p40833647811

We have a Stochastic positive cross, I'll look for some GAIN now [Smile]
 
Posted by Repoman75 on :
 
As long as we hold $11, I have nothing but time.
 
Posted by Chart walker on :
 
holding $11 now should be easy with buys on our side, --Stochastis being the "overbought/oversold" indicator.

I LOVE when indicators line up WITH a PR, it's like pushing a car downhill ~ [Smile]

Be nice to get one now ~
 
Posted by Repoman75 on :
 
So much for holding $11... no volume = RED.

Welp, here's a buying opp for anyone who wants in.
 
Posted by Chart walker on :
 
By holding I meant EOD...

-but volume is the fuel...........
Still all long term trends in place, sitting good IMO ~
 
Posted by Repoman75 on :
 
Freefall!!! Ahhh...
 
Posted by Chart walker on :
 
quote:
Originally posted by Repoman75:
4.5 million shares short as of Nov 10th, EVEN with the covering on the 15th-17th... are these boys ready to squeal like pigs when the 4100 Cougar order is announced next month?

http://www.otcbb.com/asp/OTCE_Short_Interest.asp

-think this might have something to do with it...

Weak support at 10.85 and 10.32 intraday level of 10.40 showed support also.

Check out this monster...
http://stockcharts.com/charts/gallery.html?pyto
 
Posted by Repoman75 on :
 
That would have been a nice buy.
 
Posted by Repoman75 on :
 
$10.65... stinks!
 
Posted by Chart walker on :
 
came within .10 of that 10.40 level...
That would stick more...

PAIM took another step Repo ~ 15+% [Big Grin]
PYTO up almost 30%
SYDI 60%
PBLS still even
evcc hit a dip
-and what do you know...

CSHD up 33+% [Big Grin] [Big Grin]

Now to figure out wtf up with FRPT....
but it's the short issue...
Lorg term we are still fine ~

I got a trick for checking into that, but have to wait til I get home to fire up the big system...

Night all ~
 
Posted by MoneyMoneyMoney on :
 
I still think I got a good price compared to where this puppy will be next month and so on. As said before with machines that render IED's useless it will be a very important vehicle to have as many soldiers are wounded and/or killed because of them.

I think it had to have a healthy breather before the next run, we shall see. Daily chart still has some down trend to it but the Accum and dist is as high as ever and will continue up IMO.
http://stockcharts.com/h-sc/ui?s=FRPT&p=W&b=5&g=0&id=p25682306697
 
Posted by Repoman75 on :
 
Chart - what does your T/A tell us today?
 
Posted by MoneyMoneyMoney on :
 
IMO, since I'm not Chart I think we hold the 60 RSI and if we fall through it'll def hold the 50. Aroon still showing downtrend with accum and dist dropping slightly but I don't see much selling with all the good news. But as I say we'll sit pretty close to where we are now EOD but its IMO and I'm still learning.

My guess 10.60 - 10.70.
http://stockcharts.com/h-sc/ui?s=FRPT&p=D&b=5&g=0&id=p52338971680
 
Posted by Chart walker on :
 
http://stockcharts.com/h-sc/ui?s=FRPT&p=D&b=5&g=0&id=p39636258980

Bottom line, not so great...

Stochastic crossed neg, I "tweaked" the MACD settings (quicker) still showing momentum growing to the neg. Not expecting much from this today...

But PAIM hit yet ANOTHER High [Big Grin]
PYTO is going to a $1.00 looks like!
100% gainer already!

Look at PYTO chart and you'll know why I LOVE playing MACD Neutral line crossovers! [Big Grin]
http://stockcharts.com/h-sc/ui?s=pyto&p=D&b=5&g=0&id=p40833647811

Have a GREAT day board!!
 
Posted by Repoman75 on :
 
Well considering you said we would hold $11 with no problem yesterday, today's negative outlook may bring an upswing!
 
Posted by Chart walker on :
 
-yeah, thought the Stochastic would flutter along the 80% line of that indicator, it looks like it punched south though.

Head fakes are part of the game [Big Grin]
That's why I don't guess, just relay what indicators say, -and today Stochastic is
negative ~

Better days here will be seen ~

Maybe see that 10.40-ish mark today...
 
Posted by Repoman75 on :
 
$10.92 and green.. yeah!
 
Posted by MoneyMoneyMoney on :
 
11.03 and still going. Last 10 were all buys!!!

It held the 60 RSI that for dang sure and I hope I'm wrong on the EOD pps. [Smile]
 
Posted by Chart walker on :
 
News maybe coming?.... [Smile]
 
Posted by Repoman75 on :
 
Rumor of THE BIG ONE at 5:00pm today.... (the big one meaning the 4100 cougars worth close to $1 billion)
 
Posted by Jo4321 on :
 
Hope you are right. Just went green again with two minutes left to market close.

Jo
 
Posted by MoneyMoneyMoney on :
 
quote:
Originally posted by MoneyMoneyMoney:
IMO, since I'm not Chart I think we hold the 60 RSI and if we fall through it'll def hold the 50. Aroon still showing downtrend with accum and dist dropping slightly but I don't see much selling with all the good news. But as I say we'll sit pretty close to where we are now EOD but its IMO and I'm still learning.

My guess 10.60 - 10.70.
http://stockcharts.com/h-sc/ui?s=FRPT&p=D&b=5&g=0&id=p52338971680

Well, it was within my range [Wink] . $10.70 it is.

I hope that rumors right so we'll be back to my buy in point and beyond in no time!!!
 
Posted by Chart walker on :
 
Not bad Moneyx3! [Smile]

Way to peg it!
 
Posted by MoneyMoneyMoney on :
 
Thanks Chart, whew do I have lots more learning to do though with this business!

Now back to my learning with the nursing program while preparing for my huge test Fri.
 
Posted by Jo4321 on :
 
AH and Spar up over 3.5% each today

GD up 1.97%

Can't wait to see the DOD contracts at 5:00pm.

Jo
 
Posted by Jo4321 on :
 
Well, nothing today.
 
Posted by Repoman75 on :
 
Unprecedented!!! Thestreet.com (yes, CRAMER'S ORGANIZATION) is picking FRPT!!!!

http://www.thestreet.com/tsc/emails/su10_email_ded_4.html

This Stock Pick Has Profit Potential No Matter How Events Play Out in Iraq.


Dear Fellow Investor,

I've spent years researching stocks but I've rarely found a small-cap stock that could generate over a 100% gain in just a few months — and that could be a conservative estimate.

Here's why I just added this stock to my Stocks Under $10 model portfolio...

This defense contractor company has a market cap of just $600 million — with a solid fundamental base and a great technical picture.


It has the potential to win one of three $50 billion government contracts that are now out for bid.


Each of these contracts is a 10-year deal that starts in 2007 — which means investors have less than one month to buy this stock before it's too late.

Plus, whether it wins or loses the contract, this company's services are going to be needed in Iraq regardless of the political and military situation.

Its name?

I'm afraid you won't know unless you subscribe to Stocks Under $10.

My advice? Act now or you could lose out on my candidate for one of the best low risk/high reward stocks you could add to your portfolio.

Best,

Frank Curzio
TheStreet.com Stocks Under $10

P.S. I've got another reason why you should join me at Stocks Under $10 now. Because for a limited time, you can save $100 off the regular annual subscription price — and have full access to all my stock picks, including recommendations on when to buy and sell to maximize potential profits.
 
Posted by Jo4321 on :
 
Just got home....to a 7% gain. Didn't know what was going on, cause I saw no news. Thanks Repo.

Jo
 
Posted by Repoman75 on :
 
And tomorrow is Friday... the great day for FRPT... $12 maybe?
 
Posted by MoneyMoneyMoney on :
 
SWEET and right back near my buy in point!!!

I guess when we don't post on this thread while its moving it just goes higher and higher [Wink] !!!

And the "rumor" of 400 more vehicles to be sold, ahhhh, I'm feeling good.
 
Posted by Repoman75 on :
 
I want the new BoD and NASDAQ listing date.... that will push us to $15 in 2 days.

Who will it be....
 
Posted by Jo4321 on :
 
quote:
Originally posted by MoneyMoneyMoney: I guess when we don't post on this thread while its moving it just goes higher and higher !!!
Yeah, Money, no need for us to pump a stock as strong as this one!

Jo

 -
 
Posted by MoneyMoneyMoney on :
 
Good point Jo!!! Now if they can disarm these types of IED's that is one VERY STRONG vehicle and Company!!!!!!

http://www.liveleak.com/view?i=5bd159220c
 
Posted by Repoman75 on :
 
Coverage today... and 8-K released by FRPT, basically saying they are making 45 vehicles per month... 15 more than a few months ago.. oh, 4th quarter revs will ROCK.

stock guru.com: Force Protection Report Expansion, As Other Companies, Sign Contracts, and Agreements, Begin Testing, Unveil New Software, and Place A Large Order
via COMTEX

December 1, 2006

Dallas, Texas, Dec 01, 2006 (M2 PRESSWIRE via COMTEX News Network) --


Force Protection, Inc. (OTCBB FRPT) - Thursday's market went up 6.92% to $11.44 per share, with a total of 774,748 shares traded. The company leading armored vehicle manufacturer the company Integrated Logistics Support division reported dramatic expansion in 2006, with an estimated 400% increase in revenue to date. The ILS division focuses on the maintenance and replacement parts support of the Company's Buffalo and Cougar blast- and ballistic-protected vehicles deployed in Iraq and Afghanistan. The vehicles have been delivered to the U.S. government in record numbers in the past year as the Company has implemented major production capacity and workforce expansion programs. "The ILS division of Force Protection has had a huge year," said ILS Vice President Murray Hammick. "We believe we will have approximately $44 million in ILS revenues for 2006. Our total revenues in 2005 were approximately $8.5 million, as compared to approximately $35 million in revenues to date in 2006. Clearly, demand for our vehicles is increasing and the demand for our support services is growing along with it."
 
Posted by Repoman75 on :
 
2 main points from the 8-K.

1. Current manufacturing.. this is without using AH or GD fscilities.

Our current manufacturing capacity is approximately 40 Cougar and 5 Buffalo vehicles per month at our Ladson, SC facility.

2. The Marines 3 main contracts, and remember, the Marines LOVE FRPT... could be worht $10 BILLION.


Under the MRAP Program, the U.S. Marine Corps is soliciting bids through a Request for Proposals (RFP) for three different categories of armored vehicles. Category 1 vehicles need to transport no less than six personnel and will be used in urban operations. The U.S. Marine Corps expects to purchase a minimum of 1,500 Category 1 vehicles with an option to buy an additional 7,500 vehicles. Our 4x4 Cougar design meets the requirements for vehicles in this Category. The U.S. Marine Corps have also released an RFP to purchase 2,600 Category II vehicles with an option to buy as many as 13,000. The Category II vehicles need to transport no less than ten personnel and will have multi-mission purposes including transport, explosive ordnance disposal and combat engineering. On November 9, 2006, 200 vehicles in this category were sole-sourced to us for the manufacture of our 6x6 Cougar vehicles. In Category III of the MRAP Program, the Marines have already sole sourced 44 vehicles to Force Protection as part of the agreement of November 9, 2006, with an option to buy an additional 36 vehicles. The Category III vehicles need to transport no less than twelve personnel and will support route clearance. Although the Marines have not yet committed to award any additional vehicles in this category, we believe that an RFP for Category III vehicles will be forthcoming in the near future. If all options on these contracts are exercised these contracts could have an estimated value of up to $10 billion .

 
Posted by Chart walker on :
 
quote:
Originally posted by Repoman75:
And tomorrow is Friday... the great day for FRPT... $12 maybe?

-It's nice not to worry about this stock, -that's why I'm never here ~ [Smile]

This baby runs itself! LOL ~

$15 EOY??? hmmmm.... [Smile]
 
Posted by Repoman75 on :
 
Jo, to answer your PM...

DO YOU SEE WHY NOW I DON'T TRY TO FLIP THIS STOCK!?!?!


YYYYYYYYEEEEEEEEEEEEHHHHHHHHHHHAAAAAAA!
 
Posted by Jo4321 on :
 
Dang, Repo. I know. That kind of sucked that one of my sell orders hit yesterday. But I still have plenty.

But when does it stop? I always thought I would sell out at $12.00, but this was when it was back at $2.17.

The falling in love with a stock rule is being broken here.

Jo
(who's at school with only 15 minutes left to decide whether to take some profits)
 
Posted by Rhyz on :
 
Well I see we got another great day again!!
 
Posted by Chart walker on :
 
quote:
Originally posted by Repoman75:
Jo, to answer your PM...

DO YOU SEE WHY NOW I DON'T TRY TO FLIP THIS STOCK!?!?!


YYYYYYYYEEEEEEEEEEEEHHHHHHHHHHHAAAAAAA!

-do I dare say I did it twice?! [Big Grin] [Big Grin]
 
Posted by Mortimer on :
 
quote:
Originally posted by Repoman75:
Unprecedented!!! Thestreet.com (yes, CRAMER'S ORGANIZATION) is picking FRPT!!!!

I'm afraid you won't know unless you subscribe to Stocks Under $10.

My advice? Act now or you could lose out on my candidate for one of the best low risk/high reward stocks you could add to your portfolio.

Best,

Frank Curzio
TheStreet.com Stocks Under $10


Repo, looks like the subscription crowd has found and is crashing into the house today. Hehe.
 
Posted by Mortimer on :
 
quote:
Originally posted by Chart walker:
]

-do I dare say I did it twice?! [Big Grin] [Big Grin] [/QUOTE]

Chart, is your chart showing anything significant other than the big ol' mountain peak forming today? My skillz in this area are probably around grade 10.

I'm looking to add more shares without adding more money.
 
Posted by Repoman75 on :
 
I have to pick up a bottle of Dom and some caviar tonight.
 
Posted by Repoman75 on :
 
Here's the big question... will Cramer pump this before it lists on the NAS.. if so, hello $25.
 
Posted by stocktrader2006 on :
 
Has Cramer ever pumped an OTC BB stock?

I heard him pump a Pink a while back, only because there was a short squeeze about to happen.
 
Posted by Repoman75 on :
 
He talks about them on his radio show, but I've never heard them mentioned on his TV show, even during the lightning round... Supposedly, he said don't buy FRPT when it was $2 because the company should have been profitable by then..ahahha.

The reason I say he might is because it IS going to NAS and thestreet.com is onboard.

Chart - any EOD predictions?
 
Posted by stocktrader2006 on :
 
Maybe I'll call him during the lightning round and ask him about it.....lol
 
Posted by captain america on :
 
tears of joy today...not sure if we need cramer on this one.. do we repo?
 
Posted by Jo4321 on :
 
Awesome close. My original shares could now be a 5-bagger (if I sold now). Now the cherry on top would be if a contract is announced at 5:00pm.

BTW, this stock's thread should be above CSHD's thread much more often.

Jo
 
Posted by Mortimer on :
 
quote:
Originally posted by Jo4321:


BTW, this stock's thread should be above CSHD's thread much more often.

Jo

Agreed. FRPT Fridays sure help start the weekend on a good foot. You all have a good one!
 
Posted by MoneyMoneyMoney on :
 
quote:
Originally posted by Jo4321:
Awesome close. My original shares could now be a 5-bagger (if I sold now). Now the cherry on top would be if a contract is announced at 5:00pm.

BTW, this stock's thread should be above CSHD's thread much more often.

Jo

I agree!

Congrats on that 5bagger so far [Wink] . This one we won't have to worry about all the run arounds like CSHD. Rumor this and rumor that but stock still X .29...

This is a REAL and SUCCESSFUL company and I LOVE IT!!!
 
Posted by Jo4321 on :
 
http://quotes.barchart.com/texadv.asp?sym=frpt

Long term, short term, Average: buy, buy, buy!!!
 
Posted by Repoman75 on :
 
Greatest stock since MSFT>
 
Posted by Repoman75 on :
 
Monday we could see a PR and hit $14.... this goes out to all the SHORTS! You're time has come!!!!!!!

 -

"We sit in the car outside your house
I can feel the heat coming 'round
I go to put my arm around you
and you give me a look like I'm way out of bounds
well you let out one of your bored sighs
Well lately when I look into your eyes
I'm goin down, down, down, down
I'm goin down, down, down, down
I'm goin down, down, down, down
I'm goin down, down, down, down

We get dressed up and we go out, baby, for the night
We come home early burning, burning in some fire fight
I'm sick and tired of you setting me up
Setting me up just to knock-a knock-a knock-a me down

I pull you close but when we kiss I can feel a doubt
I remember back when we started
My kisses used to turn you inside out
I used to drive you to work in the morning
Friday night I'd drive you all around
You used to love to drive me wild
But lately girl you get your kicks from just driving me
down, down, down down,
I'm going down, down, down, down,
I'm going down, down, down, down
I'm going down, down, down"

VICTORY TO THE LONGS! SHORT CAPITULATION IS HERE!
 
Posted by Repoman75 on :
 
Do we hit $15 today???
 
Posted by Jo4321 on :
 
Keep an eye on it for me while I'm at school, Repo!

Jo
 
Posted by portman on :
 
quote:
Originally posted by Repoman75:
Do we hit $15 today???

Let's hope it does for everyone in this...

For the use of "capitulation" alone you should get $15.
 
Posted by Rhyz on :
 
Looking good so far, nice gap..hope she runs again.
 
Posted by Repoman75 on :
 
Need volume.
 
Posted by Repoman75 on :
 
$14.10 now.
 
Posted by a surfer on :
 
Hey repo!!

I added quite a bit fri. 500

You are doing good so far on the bet!!

Still think I will come out good.
 
Posted by madmoney on :
 
news is comming!
 
Posted by Repoman75 on :
 
$14.30 now... and we haven't even gotten the news yet.. unreal.
 
Posted by Repoman75 on :
 
$14.60 now...

CHARTwalker - WHERE DOES IT END MY MAN!?!?
 
Posted by madmoney on :
 
15 bucks any minute!!!
 
Posted by portman on :
 
$14 getting thin.
 
Posted by captain america on :
 
this is insane
 
Posted by Repoman75 on :
 
quote:
Originally posted by captain america:
this is insane

Not really. OTC.bb's happen like this everyday, just have to do some REAL good researching to find the growth stories.

We've found one.
 
Posted by captain america on :
 
riding for free thanks for the pick repo.
 
Posted by Repoman75 on :
 
You sold already? Right before the big news?

MOMO and daytraders don't push a stock from $10 to $15 in days only... there's money behind this buy. My guess is, there's news leaking out big time, probably a buyout near $25.
 
Posted by ClayN on :
 
Nice pick repo. Been following this from when you posted this on the CSHD thread. Unfortunately my funds were tied up in that POS when I starting playing this on paper. It hit my sell price today.

quote:
Originally posted by Repoman75:
$14.60 now...

CHARTwalker - WHERE DOES IT END MY MAN!?!?


 
Posted by captain america on :
 
i got in at 3.70 and sold half at 9.60
 
Posted by Mortimer on :
 
I had to lock in some profit last Friday. Looks like it would have been nice to wait another day, but no time to look back on FRPT, only forward!!
 
Posted by Repoman75 on :
 
To each his own.

I'm going for the big prize on this one.
 
Posted by scottfest on :
 
From what I have been reading, is it fair to say that it is not too late to get in on this? Did I miss the boat? or Better late than never?
 
Posted by madmoney on :
 
15 bucks!!!
 
Posted by Repoman75 on :
 
quote:
Originally posted by scottfest:
From what I have been reading, is it fair to say that it is not too late to get in on this? Did I miss the boat? or Better late than never?

Well, if you don't mind 50% return in the next 3-6 months, then I would say it's a good buy.

But, if you're looking for a 300 or 400% return from here, you may have to wait for 1 - 2 years (or a buyout!)
 
Posted by Rhyz on :
 
Yeah Repo I dont remember but I had read about a company looking at Frpt as a good investment for them in terms of a BO. See if I can find it somewhere. But something is going on thats for sure, not just the Nas listing either.
 
Posted by MCJA on :
 
Look at the last two trades: is that correct??

Price Size Exch Time
14.75 32000 OBB 16:13:45 $472,000
14.74 25000 OBB 16:09:36 $368,500
14.75 775 OBB 16:01:1
 
Posted by Jo4321 on :
 
I kind of hope that FRPT doesn't get bought out. I think a buyout would limit the PPS. Just had this happen with JLG. Got bought out by Oshkosh and I think we were ripped off. JLG had record earnings,, military contracts, nothing but good news, yet stockholders will only get the $28.00 share buyout price.

Jo
 
Posted by MoneyMoneyMoney on :
 
quote:
Originally posted by Repoman75:
To each his own.

I'm going for the big prize on this one.

Very nice job calling that $15 mark. To each's own is a very reasonable statement. To the newbies, always protect your capital.

I will hold because as Chart said this is a stock I do not have to worry about and that alone is nice within itself [Smile] !!!

Too bad I didn't get to see it move, nor will I tomorrow as that'll be my last day of volunteer hours. I have now put in 31 since Sat with 9 more to go tomorrow.

Go FRPT!!!

p.s. I love only having to read 1 page to catch up unlike CSHD in which its mostly worthless reading to catch up on nothing.
 
Posted by cactus33 on :
 
Repo, this one was awesome, kicking myself that i didnt buy this way back.. when you pointed this out, when you laughed at someone for selling at 7.50 a share i think, lol.. I surrrck..

hey i need a winner, got any new ones for cactus, feel free to PM me anytime repo. lol.. keep up great work..

jmho
 
Posted by Repoman75 on :
 
Load up on NTRZ. I'm telling you, over $3 in early 2007.
 
Posted by George on :
 
and to think I got out at .28 cents at a loss.....
 
Posted by before_the_crowd on :
 
quote:
Originally posted by Repoman75:
You sold already? Right before the big news?

MOMO and daytraders don't push a stock from $10 to $15 in days only... there's money behind this buy. My guess is, there's news leaking out big time, probably a buyout near $25.

Good pick Repo..Keep it up
 
Posted by Repoman75 on :
 
quote:
Originally posted by George:
and to think I got out at .28 cents at a loss.....

 -

Sorry... but, that is bad luck.
 
Posted by Jo4321 on :
 
George, that's usually MY kind of luck.

Jo
 
Posted by cactus33 on :
 
yep, i think it was this.. lol


quote:
Originally posted by before_the_crowd:
quote:
Originally posted by Repoman75:
You sold already? Right before the big news?

MOMO and daytraders don't push a stock from $10 to $15 in days only... there's money behind this buy. My guess is, there's news leaking out big time, probably a buyout near $25.

Good pick Repo..Keep it up

 
Posted by BooDog on :
 
A long time ago I didn't think this would go past $6. Boy was I wrong! Congrats to all AND CHEERS REPO!

AND MALLOY!!

[Big Grin]
 
Posted by Repoman75 on :
 
quote:
Originally posted by Repoman75:
Patience... $15 by EOY. I still stand by that prediction.

Love this one on Sept. 15. PATIENCE people.
 
Posted by Repoman75 on :
 
Michael Corbett from Perritt Management this morning was on First Business. I watch the end of this show to see what "Trades of the Day" they come up with. Anyways, he was on in August and picked FRPT as one of his stocks; back on today and says there is still a lot of upside to FRPT he said that they CAN'T keep up with demand and thats the reason for the deal with GD/AH.
 
Posted by Repoman75 on :
 
Fills going through alread at $15.10.
 
Posted by Repoman75 on :
 
I think this buying frenzy is because of MM's loading up prior to the NAS listing (which will see an influx of Funds that will drive the price up even more), and a short squeeze... however, if it is because of a news leak, I can't imagine how good it is.

Maybe Jesus is coming back finally to sit on the Board?
 
Posted by Repoman75 on :
 
$15.35... say adios shorts!
 
Posted by a surfer on :
 
where in Gods earth is this thing going??

is 20+ around the corner???
 
Posted by Repoman75 on :
 
quote:
Originally posted by a surfer:
where in Gods earth is this thing going??

is 20+ around the corner???

Its going to $20 before the NAS, $100+ with splits in the long term if they get the Hummer contracts.

I think its safe to say, I've won our bet.
 
Posted by a surfer on :
 
quote:
Originally posted by Repoman75:
quote:
Originally posted by a surfer:
where in Gods earth is this thing going??

is 20+ around the corner???

Its going to $20 before the NAS, $100+ with splits in the long term if they get the Hummer contracts.

I think its safe to say, I've won our bet.

Its not quite in the bag yet. Up over 10% there too. LOL

Only time will tell.

You have got to admit that my pick is pretty solid.

And I too say FRPT is very solid.
 
Posted by Repoman75 on :
 
Not bashing your pick at all... just want to win our bet!
 
Posted by a surfer on :
 
What was the winner getting???

10 shares of CSHD...... LOL
 
Posted by Repoman75 on :
 
Crossed markets at 15.64... Christ, everyone is buying!
 
Posted by Repoman75 on :
 
WDCO and SBSH are short almost 4 million shares... they are getting their arses handed to them.

Watch level II. MM's are punishing the shorts for a change.
 
Posted by a surfer on :
 
over $11 mil. traded in just over an hour...WOW!
 
Posted by Repoman75 on :
 
Smallcap email alarm

Force Protection, Inc. (OTCBB: FRPT - http://finance.yahoo.com/q?s=FRPT.OB )

Leading armored vehicle manufacturer Force Protection, Inc.'s Integrated Logistics Support (ILS) division reported dramatic expansion in 2006, with an estimated 400% increase in revenue to date.

The ILS division focuses on the maintenance and replacement parts support of the Company's Buffalo and Cougar blast- and ballistic-protected vehicles deployed in Iraq and Afghanistan. The vehicles have been delivered to the U.S. government in record numbers in the past year as the Company has implemented major production capacity and workforce expansion programs.

"The ILS division of Force Protection has had a huge year," said ILS Vice President Murray Hammick. "We believe we will have approximately $44 million in ILS revenues for 2006. Our total revenues in 2005 were approximately $8.5 million, as compared to approximately $35 million in revenues to date in 2006. Clearly, demand for our vehicles is increasing and the demand for our support services is growing along with it."

Logging more than 1.6 million hours of combat operations, Force Protection vehicles have withstood thousands of mine detonations and IED attacks since 2003 without a single fatality.

"The increase in ILS operations reflects a greater number of vehicles in operation," said Warranty Supervisor and retired Army First Sergeant Don Cowart. "Given the mission these vehicles fill, we anticipate the need for support services will continue to rise."
 
Posted by madmoney on :
 
WOW so close to 16! I would not be at all surprized to see this at 20 by weeks end. NICE!!!
 
Posted by Repoman75 on :
 
Read this and pay attention.. The Marines love us!

DEADLINE EXTENDED FOR URGENT HUMVEE INTERIM REPLACEMENT PROPOSALS

DEADLINE EXTENDED FOR URGENT HUMVEE INTERIM REPLACEMENT PROPOSALS - Marine Corps Systems Command is giving industry more time to prepare proposals for a program that aims to immediately replace some of the service’s humvees in Iraq.

Proposals for Mine Resistant Ambush Protected (MRAP) tactical ground vehicles are now due Dec. 18, rather than Dec. 8. The extension will help the Marine Corps ensure all potential contractors receive an important classified annex, according to Marine Corps spokesman Capt. Jeff Landis.

"The MRAP will provide deployed commanders, various units, explosive ordnance disposal and combat engineer teams with survivable ground mobility platforms," according to the Nov. 9 request for proposals, published on the Navy’s business opportunities Web site (www.neco.navy.mil).

The deadline extension allows smaller contractors, which often have more difficulty obtaining classified requirements, ample time to obtain all the necessary information, said industry sources.

The Marine Corps divides MRAP vehicles into three categories. Category one is for urban combat operations; category two is a multimission platform for convoy escort, troop transport and combat engineers; and category three is a larger vehicle for mine and improvised explosives clearance operations. The RFP requests vehicles in the first and second categories.

The Marine Corps does not plan to buy more than 1,500 category-one vehicles and 2,600 category-two vehicles, according to the notice. However, funding is not yet available to reach the total requirement of 4,991 vehicles. With 69 MRAP vehicles already procured and the 805 budgeted in the FY-07 supplemental, the Marine Corps remains 4,117 vehicles short of the requirement, according to an internal Marine Corps briefing. (Source: Inside the Navy)
 
Posted by Repoman75 on :
 
$16.
 
Posted by Chart walker on :
 
http://stockcharts.com/h-sc/ui?s=frpt&p=D&b=5&g=0&id=p52754477718

Well you didn't lie about a "nice" Christmas Repo! ha ~~

So much growth, I flip might be in order! RSI gets that high they pull......

It's solid though, this keeps up we will see $20 by the time Santa shows up [Big Grin] IMO.
 
Posted by Repoman75 on :
 
If we close near the high, we will gap AGAIN. Almost Friday again... if we survive the week, holy smokes.
 
Posted by Repoman75 on :
 
$16.15, guaranteed gap tomorrow AGAIN.

Jo, Surfer, Chart, Malloy (wherever you are), hope you guys have a great Xmas... use your FRPT money to enjoy life!! And give thanks to our troops!
 
Posted by Repoman75 on :
 
$16.25... we'll gap to over $16.50, end up over $17 tomorrow.
 
Posted by Mortimer on :
 
quote:
Originally posted by Chart walker:
So much growth, I flip might be in order! RSI gets that high they pull......

It's solid though, this keeps up we will see $20 by the time Santa shows up [Big Grin] IMO.

I hope your your right Chart. I will need to find a way to possibly add more shares if this thing does in fact pull back a little before another bang.

Milk and cookies will be left out for Santa for sure!!
 
Posted by Jo4321 on :
 
Didn't want to let a great day like this go by without posting in the FRPT thread!

Wow!

Repo, can't use any FRPT money for Christmas, cause I'm not cashing out yet(and most of mine is in my IRA anyhow)

Jo
 
Posted by Jo4321 on :
 
Someone on IV sent a q in about FRPT to MadMoney and said they asked him for a "waiver".

http://www.investor
*village.com/smbd.asp?mb=132&mn=13181&pt=msg&mid=961790

Dang it, we don't need no stinkin' Cramer.

Jo
 
Posted by Repoman75 on :
 
quote:
Originally posted by Jo4321:
Someone on IV sent a q in about FRPT to MadMoney and said they asked him for a "waiver".

http://www.investor
*village.com/smbd.asp?mb=132&mn=13181&pt=msg&mid=961790

Dang it, we don't need no stinkin' Cramer.

Jo

I'll take Cramer, and every other analyst on the street. Its going to happen anyways, once the funds and houses have loaded up.... but by then, we'll be on the NAS at $25.
 
Posted by Repoman75 on :
 
Bidding up again, true short squeeze here. WDCO and SBSH short 4 million shares.
 
Posted by Repoman75 on :
 
Here comes Santa Claus, here comes $17, right down FRPT way!
 
Posted by Jo4321 on :
 
whew, that was an exciting 15 minutes. Looks like the morning pull-back has begun.

Chart, did you flip?

Jo
 
Posted by Repoman75 on :
 
JO, they filled the gap! UP WE GO!
 
Posted by brooklynboyz84 on :
 
well that dropped as fast as it went up
 
Posted by Repoman75 on :
 
YOUR LOW IS IN. BUY NOW.
 
Posted by stocktrader2006 on :
 
Looks like the RSI got too hot....pull back was expected.
 
Posted by Repoman75 on :
 
Yeah... oh well, have to wait for next news announcement to get to $20.
 
Posted by stocktrader2006 on :
 
It made a heck of a run the past few days.

Hey Chart - Do you see a bottom here?
 
Posted by Jo4321 on :
 
Ouch, I bought some more too soon on the way down.

It's gonna take some patience waiting for it to get back up there.

I think I need to step away from the computer.

Jo
 
Posted by MoneyMoneyMoney on :
 
Sweet my 17 dollar sell went off this morn while in class. I still hold 50 shares [Smile] !!! Nice profits from 11.48 [Wink] .
 
Posted by Jo4321 on :
 
Are you considering getting back in for another quick profit? Seems like it is filling the gap and heading back towards $16.00


Jo
 
Posted by brooklynboyz84 on :
 
quote:
Originally posted by Repoman75:
YOUR LOW IS IN. BUY NOW.

Guess not
 
Posted by Repoman75 on :
 
quote:
Originally posted by brooklynboyz84:
quote:
Originally posted by Repoman75:
YOUR LOW IS IN. BUY NOW.

Guess not
GUESS SO. $16.20 and going. Good job to all who bought today.
 
Posted by MTPromises on :
 
Repo,
A little slow to the party - I didn't buy until, yesterday.
 
Posted by Repoman75 on :
 
quote:
Originally posted by MTPromises:
Repo,
A little slow to the party - I didn't buy until, yesterday.

No worries, just watch and see in Jan.
 
Posted by MTPromises on :
 
wow, this thing's all over the place today!
 
Posted by Jo4321 on :
 
Wow, went back up to $16.20 and then straight back down to mid-15's.

Flippers would have had to be fast on the trigger, but there are definite opportunities here.
 
Posted by Repoman75 on :
 
Consolidation... and no way you're flipping... try to get filled, its impossible. THis is the OTC, MM's don't have to fill you.
 
Posted by MoneyMoneyMoney on :
 
quote:
Originally posted by Jo4321:
Are you considering getting back in for another quick profit? Seems like it is filling the gap and heading back towards $16.00


Jo

Yep, but I will later. I just think the RSI is still too high and will need to drop a little more. Aroon as high as she goes and will soon downtrend. Acum and dist high as ever but I'm waiting till next week. Good luck all in your decisions. I just didn't think it'd hit 17 as quick as it did.
http://stockcharts.com/h-sc/ui?s=FRPT&p=D&b=5&g=0&id=p62145909283
 
Posted by Repoman75 on :
 
If you look, all Defense stocks are down today - SPAR, AH, GD.... its profit taking, can't blame people. If you didn't flip, hold, buy more, and wait for the BoD announcement... its coming.
 
Posted by glassman on :
 
repo? that was a classic gap and trap....
 
Posted by Repoman75 on :
 
quote:
Originally posted by glassman:
repo? that was a classic gap and trap....

Meaning what... people who bought in the 16's and 17's are screwed? Yeah, for today they are.
 
Posted by Repoman75 on :
 
Where's Chart? I want to know his T/A, now!
 
Posted by brooklynboyz84 on :
 
quote:
Originally posted by Repoman75:
quote:
Originally posted by brooklynboyz84:
quote:
Originally posted by Repoman75:
YOUR LOW IS IN. BUY NOW.

Guess not
GUESS SO. $16.20 and going. Good job to all who bought today.
Again wrong,you get 1 star as well,means nothing to me.
 
Posted by Repoman75 on :
 
quote:
Originally posted by brooklynboyz84:
quote:
Originally posted by Repoman75:
quote:
Originally posted by brooklynboyz84:
quote:
Originally posted by Repoman75:
YOUR LOW IS IN. BUY NOW.

Guess not
GUESS SO. $16.20 and going. Good job to all who bought today.
Again wrong,you get 1 star as well,means nothing to me.
Damn, I forgot to take the trash out last night...
 
Posted by brooklynboyz84 on :
 
Then go inside and get her
 
Posted by Repoman75 on :
 
quote:
Originally posted by brooklynboyz84:
Then go inside and get her

No problem. WHat's your momma's name again?
 
Posted by brooklynboyz84 on :
 
quote:
Originally posted by Repoman75:
quote:
Originally posted by brooklynboyz84:
Then go inside and get her

No problem. WHat's your momma's name again?
Whoa,great comeback.Anyway when someone says something negative you always have something to say.All i said it was not the bottom for the day and I was right and you were wrong,but you are never wrong I guess.Oh and how is that PTSC doing?
 
Posted by BooDog on :
 
obviously some profit taking. nothing more looks like.
 
Posted by Repoman75 on :
 
quote:
Originally posted by brooklynboyz84:
quote:
Originally posted by Repoman75:
quote:
Originally posted by brooklynboyz84:
Then go inside and get her

No problem. WHat's your momma's name again?
Whoa,great comeback.Anyway when someone says something negative you always have something to say.All i said it was not the bottom for the day and I was right and you were wrong,but you are never wrong I guess.Oh and how is that PTSC doing?
PTSC??? I sold at $1.79 6 months ago, so you tell me.

And being from Brookly, you should know that smart azzes get stomped.
 
Posted by Chart walker on :
 
quote:
Originally posted by Jo4321:
whew, that was an exciting 15 minutes. Looks like the morning pull-back has begun.

Chart, did you flip?

Jo

Well now I did tell you guys yesterday a flip was coming [Big Grin]

And then of course I have to make a chart for you peeps to look at, sure wish I could post mine! [btw, I may do that LIVE through a site in the future] See for yourself when to pop in and out all day long, how cool would that be!

-wanted to make sure we weren't going to rocket up after that $15.30, It was actually good that we went to $15. Now if the current pattern continues we'll continue a pullback. History shows it likes to pullback two days at a time.

Stachastic and a Tweaked MACD (in link) are all over this! [Smile]
http://stockcharts.com/h-sc/ui?s=FRPT&p=D&b=5&g=0&id=p14033899489

Long term health of this is VERY healthy, those looking to add or buy in will get their chance ONE more time it looks like before a push to $20 is made.

BTW, [flipping, rule of thumb]
On a intraday chart, mark each high with a horizontal line, on the dip mark that as well, when the next run up "doesn't" make it past that previous high, FLIP.

Today with a gap up and after a run longer then 3 days, combined with the indicators running hot, a flip when Stochastic fell out of overbought was a must (just talking to flippers here, you can hold this long, this stock is strong IMO). the "rule of thumb" would not have applied with all these other things coming into the play...

Peace out ~ [Big Grin]
Chart
 
Posted by brooklynboyz84 on :
 
quote:
Originally posted by Repoman75:
quote:
Originally posted by brooklynboyz84:
quote:
Originally posted by Repoman75:
quote:
Originally posted by brooklynboyz84:
Then go inside and get her

No problem. WHat's your momma's name again?
Whoa,great comeback.Anyway when someone says something negative you always have something to say.All i said it was not the bottom for the day and I was right and you were wrong,but you are never wrong I guess.Oh and how is that PTSC doing?
PTSC??? I sold at $1.79 6 months ago, so you tell me.

And being from Brookly, you should know that smart azzes get stomped.

And he lies too. You were HUGE at $1.43 as you put it.It never went higher than the $1.50's after that,keep it coming
 
Posted by portman on :
 
I love your stuff chart. I am very happy with this play.
 
Posted by Chart walker on :
 
Coming from you Port, -wow, thanks!
 
Posted by Repoman75 on :
 
quote:
Originally posted by brooklynboyz84:
quote:
Originally posted by Repoman75:
quote:
Originally posted by brooklynboyz84:
quote:
Originally posted by Repoman75:
quote:
Originally posted by brooklynboyz84:
Then go inside and get her

No problem. WHat's your momma's name again?
Whoa,great comeback.Anyway when someone says something negative you always have something to say.All i said it was not the bottom for the day and I was right and you were wrong,but you are never wrong I guess.Oh and how is that PTSC doing?
PTSC??? I sold at $1.79 6 months ago, so you tell me.

And being from Brookly, you should know that smart azzes get stomped.

And he lies too. You were HUGE at $1.43 as you put it.It never went higher than the $1.50's after that,keep it coming
Show me the post and the date. Otherwise, take your 1 star over to the CSHD thread.
 
Posted by Chart walker on :
 
ha ha ~~
WTH Repo?, thought you'd be happy as a bug in a rug, weren't you in this since like $3?!!

Good God man!
2006 is being good to you! [Smile]
 
Posted by brooklynboyz84 on :
 
rep,the original ptsc thread is gone.I guess i just threw out $1.43 out of the air,you crack me up.
 
Posted by Repoman75 on :
 
quote:
Originally posted by brooklynboyz84:
rep,the original ptsc thread is gone.I guess i just threw out $1.43 out of the air,you crack me up.

You're probably short. Tell Bailey at WDCO this short attack won't work. He's screwed. Now back to your bucket shop.
 
Posted by brooklynboyz84 on :
 
Far from short here.Oh and by the way FRPT is a good stock.A simple comment that it was not at LOD and the all mighty repoman comes with his crap.Oh and your post about stomping,funny stuff.you have no idea.
 
Posted by Repoman75 on :
 
quote:
Originally posted by brooklynboyz84:
Far from short here.Oh and by the way FRPT is a good stock.A simple comment that it was not at LOD and the all mighty repoman comes with his crap.Oh and your post about stomping,funny stuff.you have no idea.

Good thing you turned off your stars... you'd be at one forever.
 
Posted by BooDog on :
 
my stars get beat to chit everytime i challenge someone. 5 stars for you repo thought I already did that. I've learned plenty watching you chart and portman.
good luck!
 
Posted by MoneyMoneyMoney on :
 
I learn from everybody and from everywhere. Even the sh!tbags on allstocks teach me things.

Allstocks is the place to be!!!

I'll hold my 50 shares and have now protected my capital with a little profit to keep me in the game. No matter who's pick or what play your in always do that and you'll be able to continue to play!!!
 
Posted by BooDog on :
 
AMEN Money

cheers!
 
Posted by Repoman75 on :
 
NITE has capped us, maybe an EOD rally but no more movement today.
 
Posted by Chart walker on :
 
-not worried one bet ~ [Big Grin]

The strentgh is so strong one can almost laugh at it! Check out the CMF (Chalk'n MONEY Flow)!!

http://stockcharts.com/h-sc/ui?s=FRPT&p=D&b=5&g=0&id=p62813291798

How much RED do you see?... lol ~~~

Money is just FLOWING into this baby! [Big Grin]
 
Posted by Repoman75 on :
 
$14.52... now we need the BoD announcement and listing date. C'mon FRPT, burn their azzes!
 
Posted by portman on :
 
ok, time to come back in for me. I just do not feel like waiting for tomorrow.
 
Posted by glassman on :
 
repo? ever have one of those days when you wish you weren't you? [Razz]
 
Posted by Repoman75 on :
 
quote:
Originally posted by glassman:
repo? ever have one of those days when you wish you weren't you? [Razz]

Nope, I love me. And you'll wish you were me come January.
 
Posted by Repoman75 on :
 
quote:
Originally posted by glassman:
repo? ever have one of those days when you wish you weren't you? [Razz]

Instead of your off candor, snidish remarks, maybe you should buy on this dip instead of fighting windmills and bogeymen?
 
Posted by stocktrader2006 on :
 
 -


"We sit in the car outside your house
I can feel the heat coming 'round
I go to put my arm around you
and you give me a look like I'm way out of bounds
well you let out one of your bored sighs
Well lately when I look into your eyes
I'm goin down, down, down, down
I'm goin down, down, down, down
I'm goin down, down, down, down
I'm goin down, down, down, down

We get dressed up and we go out, baby, for the night
We come home early burning, burning in some fire fight
I'm sick and tired of you setting me up
Setting me up just to knock-a knock-a knock-a me down

I pull you close but when we kiss I can feel a doubt
I remember back when we started
My kisses used to turn you inside out
I used to drive you to work in the morning
Friday night I'd drive you all around
You used to love to drive me wild
But lately girl you get your kicks from just driving me
down, down, down down,
I'm going down, down, down, down,
I'm going down, down, down, down
I'm going down, down, down"
 
Posted by Repoman75 on :
 
quote:
Originally posted by stocktrader2006:
[IMG]http://www.bruce-springsteen.com/bruce-main.jpg[/IMG


"We sit in the car outside your house

Haha, touche.
 
Posted by MTPromises on :
 
Repo,
Why do you keep referring to January? Sorry, I haven't been following.
 
Posted by Repoman75 on :
 
quote:
Originally posted by MTPromises:
Repo,
Why do you keep referring to January? Sorry, I haven't been following.

1.New Board of Director
2.NASDAQ Listing
3.Huge Cougar Order
4.Killer 4Q and EOY Financials.

All by end of Jan.
 
Posted by portman on :
 
I just made some nice coin on that dip.

quote:
Originally posted by Repoman75:
quote:
Originally posted by glassman:
repo? ever have one of those days when you wish you weren't you? [Razz]

Instead of your off candor, snidish remarks, maybe you should buy on this dip instead of fighting windmills and bogeymen?

 
Posted by Repoman75 on :
 
quote:
Originally posted by portman:
I just made some nice coin on that dip.

quote:
Originally posted by Repoman75:
quote:
Originally posted by glassman:
repo? ever have one of those days when you wish you weren't you? [Razz]

Instead of your off candor, snidish remarks, maybe you should buy on this dip instead of fighting windmills and bogeymen?

Hey if you can time it, God Bless Ya. I was never good at the "flipping" thing, especially on the OTC.
 
Posted by Chart walker on :
 
hey, someone want to buy in?...
cool, hmmmm.

-let's see... friday about 12:30 a res was formed, now a support at 13.61, that might be the bottom for the day...

5 min chart just issued a buy "BUT" 1 minute chart and volume are low... If it doesn't get past 14.25 it'll drop yet IMO ~~
 
Posted by Chart walker on :
 
about 3:05 that 14.25 level was formed...

Doesn't look like we will make it past, -then to we are in day one of the pullback...
 
Posted by portman on :
 
Today's anticipated swing was too much to ignore and i do not have the time to watch tomorrow to get back in. I liked the price so I re-entered and got in.

I concentrated on flipping FHAL and only flipped in halves.

Here it is like...out and in.

As a rule I hate the effort of flipping but it does save your butt often. Truly though...I just wanted more shares!

quote:
Originally posted by Repoman75:
quote:
Originally posted by portman:
I just made some nice coin on that dip.

quote:
Originally posted by Repoman75:
quote:
Originally posted by glassman:
repo? ever have one of those days when you wish you weren't you? [Razz]

Instead of your off candor, snidish remarks, maybe you should buy on this dip instead of fighting windmills and bogeymen?

Hey if you can time it, God Bless Ya. I was never good at the "flipping" thing, especially on the OTC.

 
Posted by Chart walker on :
 
This is where Brass Balls come into play....

EOD is coming up, you like the stock, but the trend is down... so do you wait till tomorrow and and really make a killing? -- but maybe miss a PR that will leave you DOLLARS behind???...

Still think that last low will be the LOD...

Hmmmm.... what to do what to do.. [Big Grin] ;D ;D

this next run may break the 14.25 mark... fyi
has room ~
 
Posted by portman on :
 
In my case just pure laziness and luck...lol


it would have been nice to grab some of thse 13.40 shares but I am happy.
 
Posted by Repoman75 on :
 
$14.50... it broke it, yeah!

Now what Chart, $15 close?! I'll take it!
 
Posted by portman on :
 
One more dip i think
 
Posted by Chart walker on :
 
$13-14 is a gift!

IMO ~

hey first dip ~
 
Posted by Chart walker on :
 
if it stays above 14.25 that will be a sign of strength.
 
Posted by portman on :
 
not gonna stay...will end above I think...gonna dip below.
 
Posted by portman on :
 
turn that boat....turn that boat. She's a big mutha.
 
Posted by Repoman75 on :
 
I feel like the Regimental Captain in the movie "Zulu Dawn"... when the thousands of zulus are charging the British line..

"HOLD THE LINE! MARK YOUR TARGETS!"
 
Posted by Chart walker on :
 
last low was 13.94 so a higher low will be good to ~

Looks like it'll come closer to $14 then away from it... Cheap!
 
Posted by portman on :
 
14.30 is the call
 
Posted by Repoman75 on :
 
Chart, would you now say the gap is filled from when we took off?
 
Posted by portman on :
 
They snuck that last dip in on me...lol
 
Posted by Chart walker on :
 
-The tuesday morning gap? -heck yes, and then some!
 
Posted by Chart walker on :
 
port, ya got balls for calling it anyways! [Smile]

but she'll drop...
 
Posted by Chart walker on :
 
-another bottom looks like.
 
Posted by portman on :
 
Yeah... well always defer to the chart guy...lol.

Looked like she might have had the momo to hold up there but alas not. I ahte to jinx by a downward call anyway.

As long as she channels right here I am still barely green today.
 
Posted by Repoman75 on :
 
Screw this... just give us the damn news we've been waiting for and blow this puppy into the stratosphere. We ran on NO news, only HINTS of big news from the 8-K.
 
Posted by Chart walker on :
 
that's odd...

-went against the grain there... hmmmm.
 
Posted by portman on :
 
Come on Repo....the ups and downs are the fun part.
 
Posted by Repoman75 on :
 
A $3.30 swing today on a $15 stock.. insanity.
 
Posted by Chart walker on :
 
Elvis has left the building [Big Grin]

Yep looks like we end right on that bottom ~
 
Posted by portman on :
 
quote:
Originally posted by Chart walker:
that's odd...

-went against the grain there... hmmmm.

i turned the chart off.. what did I miss? I am still happy with this close.
 
Posted by Chart walker on :
 
If it was the second day I would wonder what after market would be like....

Normal day, we're good! [Big Grin]

Time for a cold one!
Later gang!
 
Posted by portman on :
 
quote:
Originally posted by Repoman75:
A $3.30 swing today on a $15 stock.. insanity.

Play it baby...or leave it on the table. [Big Grin]
 
Posted by glassman on :
 
quote:
Originally posted by Repoman75:
Screw this... just give us the damn news we've been waiting for and blow this puppy into the stratosphere. We ran on NO news, only HINTS of big news from the 8-K.

old school? buy on rumor....
 
Posted by Repoman75 on :
 
quote:
Originally posted by glassman:
quote:
Originally posted by Repoman75:
Screw this... just give us the damn news we've been waiting for and blow this puppy into the stratosphere. We ran on NO news, only HINTS of big news from the 8-K.

old school? buy on rumor....
The news hasn't hit yet, so take that rumor and smoke it.

At least Friday is coming.. one more day.
 
Posted by MTPromises on :
 
quote:
Originally posted by Repoman75:
quote:
Originally posted by MTPromises:
Repo,
Why do you keep referring to January? Sorry, I haven't been following.

1.New Board of Director
2.NASDAQ Listing
3.Huge Cougar Order
4.Killer 4Q and EOY Financials.

All by end of Jan.

No wonder!

After today, though, I wish I would have waited to buy! But apparently, if I hold, it doesn't appear that it should matter much.
 
Posted by Chart walker on :
 
PBLS running hot too... fwiw ~
You can read all about it in the thread that I started for it LAST WEEK! lmao ~~ [Big Grin]

I love thi$ chit!! [Smile]
 
Posted by CC811 on :
 
Hasn't FRPT shown a history of timing big news around historically significant days for patriotic Americans (i.e., July 4, 9/11)? Tomorrow's 12/7. Just a wild hunch, but what do I know?
 
Posted by Repoman75 on :
 
Fluff news...

Force Protection, Inc. Partners with U.S. Army on Jobs Program
Wednesday December 6, 5:15 pm ET


LADSON, S.C.--(BUSINESS WIRE)--Force Protection, Inc. (OTCBB:FRPT - News) today signed an agreement with the U.S. Army Recruiting Command to provide priority hiring status to veterans participating in the Partnership for Youth Success (PaYS) program.

PaYS is a strategic partnership between the Army and a cross section of U.S. corporations and public-sector agencies. The program was developed to help the Army attract, train and deploy talented young people who want to serve their country and secure their future career success after completing their military service.

"The success of our life-saving armored vehicles in the field depends in large part on the skill level and ability of our workforce," said Force Protection COO Ray Pollard. "Our partnership with the U.S. Army and its PaYS program will be a wonderful resource to attract the type of employees needed to carry on this critical work for our troops."

Under the agreement, recruits will sign a statement of intent to work for Force Protection upon completion of their service. As they near the end of their enlistment, soldiers will have the opportunity to interview with Force Protection for available positions.

"The Army is excited to add Force Protection to its team of corporate partners in the PaYS program," said Col. David Gill, U.S. Army Recruiting 2nd Brigade Commander. "We are so proud of our partnerships like this that enable our recruiters to offer applicants quality employment opportunities after their Army service."

Job opportunities with Force Protection are available now and are listed in the Army's PaYS database. For more information, interested applicants may log onto www.armypays.com or visit their local recruiter.
 
Posted by Jo4321 on :
 
Oh my! I came down with the flu and I went to bed at 1:00 this afternoon. (after purchasing additional shares at $16.35 [Eek!] !)

Just woke up now hoping for the best, but YUCK! What was THAT!?

I'm going back to bed! Losing thousands (on paper) in one day is not fun.

Jo
 
Posted by Mortimer on :
 
Sorry to hear that Jo. Hope you get well soon - at least in time to see FRPT just smash through your 16.35 You didn't see Chart's post yesterday about the RSI getting really high?

I've been out all day traveling on business so only now (11pm) have I had a chance to see what just happened. My eyes just went "OO", and now I'm executing the "loser stock selloff marathon" plan to just put it all on this "shoe-in" winner. If I could, I'd throw the kitchen sink at this thing, but it probably would just bounce off the V-hull. Haha. My plan needs a day to execute, so we'll see.
 
Posted by Jo4321 on :
 
Thanks, Mortimer.

I'm feeling a little better today, although I slept right through dinner last night until this morning. Hopefully, I can fight this thing.

I'm still confident that the price will go right back through my $16.35 shares, but I sure wish I would have been more patient and waited for the bottom instead, that would have been more fun.

Here's some light reading for you, yesterday's Iraq Study Group Report http://www.usip.org/isg/iraq_study_group_report/report/1206/iraq_study_group_rep ort.pdf

I think it was headlines from this report combined with weak new hands in the stock, that caused the big drop. But after taking time to read it through (well, most of it anyhow, it WAS 84 pages long), no matter what course of action the U.S. takes, FRPT vehicles are still going to be needed.

Jo
 
Posted by Repoman75 on :
 
Chart - talk to me. I just got in... I see we hit a high of $15.23... nice! Roaring back!
 
Posted by Jo4321 on :
 
I'm getting queasy....

 -
 
Posted by Repoman75 on :
 
Yeah... hey, you know that PRs are coming before 2007... only a few more weeks. I still stand beside my prediction of $20 before the end of the year.
 
Posted by Jo4321 on :
 
My FRPT mousepad and collector coins came today!

[Smile]

Jo
 
Posted by portman on :
 
This will be $5 by EOY.


LOL, JUST kidding...

I have talked to a few people who ONLY long term stocks. They like this one too.

quote:
Originally posted by Repoman75:
Yeah... hey, you know that PRs are coming before 2007... only a few more weeks. I still stand beside my prediction of $20 before the end of the year.


 
Posted by Jo4321 on :
 
PR!

http://biz.yahoo.com/bw/061208/20061208005279.html?.v=1

U.S. Marine Corps Orders More Force Protection Vehicles
Friday December 8, 8:30 am ET
$69-Million Delivery Order Fulfills Cougar Contract


LADSON, S.C.--(BUSINESS WIRE)--Continuing strong demand for Force Protection, Inc.'s (OTCBB:FRPT - News) armored vehicles was highlighted today as the manufacturer announced another delivery order from the U.S. Marine Corps worth an estimated $69 million for 100 additional Cougar Joint Explosive Ordnance Disposal Rapid Response Vehicles (JERRV). The order marks the fulfillment of a sole source contract previously announced and awarded to Force Protection on November 9, 2006.

More than 300 Force Protection vehicles are currently in the field, and have an unmatched record for troop safety in the face of improvised explosive devices, land mines and roadside bombs in Iraq and Afghanistan. Popular with explosive ordnance disposal teams and other first response units who credit the vehicles with saving their lives, the vehicles incorporate a V-shaped hull design that deflects the force of blasts away from passengers.

"Our vehicles have set the standard for blast protection," said Force Protection CEO Gordon McGilton. "Thousands of incidents in the global war on terror show that Force Protection's proven blast protection technology saves the lives of our troops on the ground who constantly face explosive threats. We are gratified to know that many more vehicles will be deployed in support of their critical mission. This order once again confirms that the investments we have been making to increase our capacity will prove to be time and money well-spent."

For more information on Force Protection and its vehicles, go to www.forceprotection.net.

About Force Protection

Force Protection, Inc. manufactures ballistic- and mine-protected vehicles through its wholly owned subsidiary. These specialty vehicles are protected against landmines, hostile fire, and Improvised Explosive Devices (IEDs, commonly referred to as roadside bombs). Force Protection's mine and ballistic protection technology is among the most advanced in the world. The vehicles are manufactured outside Charleston, S.C.

This release contains forward-looking statements, including, without limitation, statements concerning our business, future plans and objectives and the performance of our products. These forward-looking statements involve certain risks and uncertainties ultimately may not prove to be accurate. Actual results and future events could differ materially from those anticipated in such statements. Technical complications may arise that could prevent the prompt implementation of the strategic plan outlined above. The company cautions that these forward looking statements are further qualified by other factors including, but not limited to, those set forth in the company's Form 10-KSB filing and other filings with the United States Securities and Exchange Commission (available at http://www.sec.gov). The company undertakes no obligation to publicly update or revise any statements in this release, whether as a result of new information, future events or otherwise, except as required by law.
 
Posted by Jo4321 on :
 
Gapping up in pre-market $15.11!
 
Posted by Chart walker on :
 
Well here we are in day 3... 2 day chart pattern is over and it so happens that we get a PR!

Wow, what a blessing it is when momentum runs hand in hand with PR's!!!

Looking forward to a great day today!
 
Posted by MTPromises on :
 
well, it looks like the market didn't care about that PR . . . now below where it ended, yesterday
 
Posted by Repoman75 on :
 
Nope. They want the 4100 order, not the completion of the old order.
 
Posted by Chart walker on :
 
It can't go up yet...
-I didn't buy back in yet [Big Grin]
 
Posted by stocktrader22 on :
 
wheres the bottom?
 
Posted by Jo4321 on :
 
What entry point are you waiting for Chart?

Jo
 
Posted by Repoman75 on :
 
$13.50 and above is the bottom IMO. It will never see $10 or $11 again unless bad news comes out.
 
Posted by stocktrader22 on :
 
damn...im short on cash..only got $2k available, prob not worth it to buy in here.
 
Posted by Jo4321 on :
 
quote:
Repo wrote: $13.50 and above is the bottom IMO. It will never see $10 or $11 again unless bad news comes out.

$13.50 and above? Well, that could be anything! LOL

Well, apparently the bottom was NOT $14.05 where I bought more again....it's a sickness.
 
Posted by Repoman75 on :
 
Your % gains here are capped at probably 75% in the next 2 months.

And Jo, I'm just saying that the days of the $10's are GONE forever.
 
Posted by Jo4321 on :
 
I knew what you meant, just had to dog ya. I still love you, Repo!
 
Posted by Chart walker on :
 
quote:
Originally posted by Jo4321:
What entry point are you waiting for Chart?

Jo

The stock is a good buy now, I like this stock for many reasons...

But...
It's in a downward move -Stochastic falling, the indicator has fallen past the top horizontal line.

If it gets to $13 again I'll look at the charts, then go from there....
http://stockcharts.com/h-sc/ui?s=frpt&p=D&b=5&g=0&id=p94722144720

That's the skinney ~ [Smile]
 
Posted by Jo4321 on :
 
I think today's close should be up, due to shorts not wanting to hold over the weekend.

Never know what news will come out EOD or pre-market Monday.

Jo
 
Posted by brooklynboyz84 on :
 
Some people were screaming bu it now when it was over $17.It will get there again though.
 
Posted by Chart walker on :
 
-oh I still think it has a chance to see $20 by Jan. 2007.

This stock has shown that in 4/5 days it can pack on $5.

With all the news and excitement this stock has been jerked in every direction, hopefully it can calm down and I'll load up, it may run on good news and I'll miss it -chance I'm willing to take.

Had two GREAT flips here!
http://stockcharts.com/h-sc/ui?s=frpt&p=D&b=5&g=0&id=p94722144720

As far as LONGS go, everything is fine, I myself shoot for (RISKY!) -short fast 100%+ poppers like APPI, PYTO those were great! Still in PBLS and ECFL is red hot, FPLD looks like a buy and so does AVTI. Type these in that chart above and you'll SEE what I mean [Smile]

GL Board ~
Chart
 
Posted by Repoman75 on :
 
Short attack over, GREEN FRIDAY!
 
Posted by Chart walker on :
 
-that looks RED to me Repo... [Big Grin]

"Muh hu ha ha"

As soon as that Stochastic Indicator goes positive you'll get it all back and then some!
IMO ~

http://stockcharts.com/h-sc/ui?s=frpt&p=D&b=5&g=0&id=p94722144720

You peeps have a geat weekend!

Catch ya on the flip-flop [Big Grin]
Chart ~
 
Posted by portman on :
 
IT'S GOING DOWN DOWN DOWN!


Sry Repo I had to! That's is actually a healthy thing for this one right now.
 
Posted by Repoman75 on :
 
Its all coming together.... remember, the Marines LOVE FRPT.


ARMY TO MEET WITH MARINES, INDUSTRY TO DISCUSS HUMVEE REPLACEMENT
>
>_______________________________________________
>
>Date: December 11, 2006
>
>
>Army Vice Chief of Staff Gen. Richard Cody plans to host a meeting
sometime early next year with top industry officials and the Marine Corps
to discuss mid-term measures to replace the humvee, Marine Corps and
defense industry sources tell Inside the Navy.
>
>
>ITN reported last month that this meeting was scheduled for sometime
before the end of this year, but it has been delayed due to
circumstances surrounding the Army long-term budget, according to sources. The
meeting is supposed to help determine what tactical vehicle technologies
may be available in the coming years to, in the words of one source,
“triage” the immediate need for more survivable vehicles in Iraq and
Afghanistan.
>
>
>The Army has declined to comment on, or acknowledge plans for, the
meeting. But sources said the session is in the works and would be held
with industry executives, also known as “captains of industry.”
>
>
>Capt. Jeff Landis, a spokesman for Marine Corps Systems Command, told
ITN last week that the Marine Corps is aware of the planned meeting and
is awaiting a formal invitation. Marine Corps vehicle program managers
and deputies would attend the meeting, Landis said.
>
>
>Some are calling the subject of the meeting the “new multi-purpose
wheeled vehicle.” The Army needs about 21,000 of these vehicles,
sources say. The Army wants to acquire existing vehicles, such as the Force
Protection-made Cougar and General Dynamics-product Stryker, before the
“optimum” solution is available. Cost is a major consideration in
this effort, according to sources.
>
>
>Ultimately, the Marine Corps and Army plan to procure the Joint Light
Tactical Vehicle -- or the JLTV family of vehicles -- to replace their
aging humvee fleets. Right now, the Marine Corps is buying Mine
Resistant Ambush Protected (MRAP) vehicles to replace some of its humvees in
Iraq. MRAP vehicles fall into three categories. Category one is for
urban combat operations; category two is a multimission platform for convoy
escort, troop transport and combat engineers; and category three is a
larger vehicle for mine and improvised explosives clearance operations.
>
>
>The Army has a requirement to buy 2,500 MRAP vehicles as part of the
Marine Corps’ MRAP acquisition, according to internal Army briefing
slides obtained by ITN. The slides are dated Dec. 5.
>
>
>The Marine Corps budgeted for 850 MRAP vehicles in its fiscal year
2007 supplemental, but the Army has yet to work out how the service is
funding its MRAP purchase, according to a Marine Corps source.
>
>
>MRAP and other immediate humvee replacement initiatives are not part
of the Joint Light Tactical Vehicle program, according to the Army and
Marine Corps. JLTV is set to come on line in the 2012-time frame,
however some industry sources say that the fielding of interim vehicles could
delay JLTV. -- Zachary M. Peterson
 
Posted by Mortimer on :
 
http://www.iht.com/articles/2006/12/11/news/prexy.php

Bush is videoconferencing with military command in Iraq tomorrow. Pentagon on Wednesday.

Just heard on npr this morning more US troop deaths due to roadside IED's this past weekend. I have no shame pumping this company and their technology and am convinced that more of these vehicles is the right thing to do regardless of whether troops are pulled or retained.
 
Posted by MTPromises on :
 
Repo,
Based on your post above, what's your estimation of the dollar amount frpt is looking at in contracts if they get the HUMVEE replacement business?

MT
 
Posted by Repoman75 on :
 
Haha, BILLIONS - 100, 200. But that is long term.

What we want now is for the Army to choose one of the FRPT vehicles as the interim... so say, 20,000 vehicles. That would be a good $10 billion at least = $50 per share.
 
Posted by MTPromises on :
 
quote:
Originally posted by Repoman75:
Haha, BILLIONS - 100, 200. But that is long term.

What we want now is for the Army to choose one of the FRPT vehicles as the interim... so say, 20,000 vehicles. That would be a good $10 billion at least = $50 per share.

[Eek!]
 
Posted by Repoman75 on :
 
Shorts are at it again... short interest for Nov... up, 14%! Man, they have balls.

Shares short - 4,518,864
% change - +14.88
 
Posted by Jo4321 on :
 
Just a reminder about this extension that Repo posted on the 12/5

quote:
DEADLINE EXTENDED FOR URGENT HUMVEE INTERIM REPLACEMENT PROPOSALS
DECEMBER 18 is now the date to mark on your calendar...that's Monday folks! Jo

quote:
DEADLINE EXTENDED FOR URGENT HUMVEE INTERIM REPLACEMENT PROPOSALS - Marine Corps Systems Command is giving industry more time to prepare proposals for a program that aims to immediately replace some of the service’s humvees in Iraq.

Proposals for Mine Resistant Ambush Protected (MRAP) tactical ground vehicles are now due Dec. 18, rather than Dec. 8. The extension will help the Marine Corps ensure all potential contractors receive an important classified annex, according to Marine Corps spokesman Capt. Jeff Landis.

"The MRAP will provide deployed commanders, various units, explosive ordnance disposal and combat engineer teams with survivable ground mobility platforms," according to the Nov. 9 request for proposals, published on the Navy’s business opportunities Web site (www.neco.navy.mil).

The deadline extension allows smaller contractors, which often have more difficulty obtaining classified requirements, ample time to obtain all the necessary information, said industry sources.

The Marine Corps divides MRAP vehicles into three categories. Category one is for urban combat operations; category two is a multimission platform for convoy escort, troop transport and combat engineers; and category three is a larger vehicle for mine and improvised explosives clearance operations. The RFP requests vehicles in the first and second categories.

The Marine Corps does not plan to buy more than 1,500 category-one vehicles and 2,600 category-two vehicles, according to the notice. However, funding is not yet available to reach the total requirement of 4,991 vehicles. With 69 MRAP vehicles already procured and the 805 budgeted in the FY-07 supplemental, the Marine Corps remains 4,117 vehicles short of the requirement, according to an internal Marine Corps briefing. (Source: Inside the Navy)


 
Posted by MoneyMoneyMoney on :
 
quote:
Originally posted by MoneyMoneyMoney:
Sweet my 17 dollar sell went off this morn while in class. I still hold 50 shares [Smile] !!! Nice profits from 11.48 [Wink] .

Its about time to buyback!!! RSI IMO won't fall through 50 as it had a hard time getting just below the 60. Aroon still showing downtrend so I picked up a 100 and will wait on the other 50 later this week to bring my total back to 200 shares. It may fall a little further but NOT much. I say EOD between 12.95 and 13.05.

http://stockcharts.com/h-sc/ui?s=FRPT&p=D&b=5&g=0&id=p24704667862
 
Posted by Repoman75 on :
 
Yeah... time is ticking to January... when we have LIFTOFF.
 
Posted by dollar13 on :
 
not looking too good here.
 
Posted by MoneyMoneyMoney on :
 
Oh, I love being wrong to the green side but am damn happy to have picked up X 13.02.
Good luck all!!!
 
Posted by stocktrader22 on :
 
Is this going lower is it time now to invest to hold till the $20's
 
Posted by Repoman75 on :
 
See what happens tomorrow. Have to have a green day to break the trend, then buy.
 
Posted by stocktrader22 on :
 
so when does this hit bottom so i can jump in?

[Smile]
 
Posted by Repoman75 on :
 
T/A wise, you have to ask Chart...

Fundamental wise, you probably have 2 weeks to a major announcement.
 
Posted by JL on :
 
I see FRPT goin to $6-$7 consolidation range in a few weeks. A bit pricey mkt cap.
 
Posted by Repoman75 on :
 
quote:
Originally posted by JL:
I see FRPT goin to $6-$7 consolidation range in a few weeks. A bit pricey mkt cap.

Hahaha.. ok ignore this clown for a second, and let's get back to reality.

Ok, I told you this was coming, and here is the leak... ST22, GET IN NOW! It appears $12.90 is support (we've hit 3 times), and selling volume is drying up.. that means we're basing.

A PR should be coming soon! This deal could be worth BILLIONS (3-5)... remember, the last order was for 200 Cougars and we hit $17... what will 4100 Cougars do???


USMC BOOSTS ORDERS FOR BLAST-RESISTANT VEHICLES – The U.S. Marines are accelerating the order of improvised explosive device (IED)-resistant vehicles to meet urgent battlefield demands in Iraq and Afghanistan.

The Marine Corps Systems Command stepped up ordering the Mine Resistant Ambush Protected (MRAP) armored vehicles in September, and in recent weeks the number of requests has risen to about 4,100, Marine Corps officials said.

"We quickened the pace because we recognized the urgent and compelling need," said Capt. Jeff Landis at Marine Corps Systems Command in Quantico, Va.

They requested blast-resistant, heavily armored vehicles include the 23-ton Buffalo and the 7-ton Cougar, along with a Cougar variant, the Joint Explosive Ordnance Disposal Rapid Response Vehicle (JERRV). All of these vehicles are made by Force Protection, headquartered in Ladson, S.C.

Company Deals – In recent weeks, Force Protection announced a joint venture with General Dynamics Land Systems, which will help build Force Protection vehicles at its plant in Lima, Ohio. (Source: Defense News)
 
Posted by stocktrader22 on :
 
this is specualtion though repo...
 
Posted by Repoman75 on :
 
quote:
Originally posted by stocktrader22:
this is specualtion though repo...

Of course, do you think I have inside info?? It was printed in Defensenews.com , quoting a Marine Spokesman that the order is for 4100. To date, there has been NO order for 4100, only the contract (MRAP). If you want I can post that contract.

So if you have a Marine spokesman saying that the Marines plan to order 4100 more vehicles, and they mention only FRPT in the article... who do think will get this conract???
 
Posted by stocktrader22 on :
 
JL please leave.
 
Posted by glassman on :
 
seems Karma never stops does it repo?
 
Posted by Repoman75 on :
 
quote:
Originally posted by glassman:
seems Karma never stops does it repo?

This is Karma? Then where is my Karma swatter?
 
Posted by glassman on :
 
karma swatter:  -
 
Posted by JL on :
 
FRPT Insider Transactions

http://finance.yahoo.com/q/it?s=FRPT.OB

[Frown]
 
Posted by Repoman75 on :
 
Planned insider sells, as per a 10b5-1 plan. Read the SEC filings, the comments section.

NEXT!
 
Posted by JL on :
 
??? Planned. They are Insider SALES.

http://finance.yahoo.com/q/it?s=FRPT.OB
 
Posted by portman on :
 
Just so Repo knows it was not just him...lol

JL...are you illiterate?

quote:
Originally posted by JL:
??? Planned. They are Insider SALES.

http://finance.yahoo.com/q/it?s=FRPT.OB


 
Posted by Chart walker on :
 
http://stockcharts.com/h-sc/ui?s=FRPT&p=D&b=5&g=0&id=p27635766056

Wait for the "hook" in the Stochastic indicator, still really pointing down, one momentun bar down in the MACD Histogram also today, RED volume days (more sell orders coming in then buys).

Here, better yet!!

I "tweaked" the MACD two line indicator so it's sharper, when it bends that would be a good time to buy, but NOT before IMO. Not enough things lined up yet IMO ~

-just surfing through peeps ~
You guys are going to have a dang nice run here when those PR's hit ~

Like I said, watch this tweaked MACD two line, look what it did Nov 29th! Bagged that first whit candle and marked the turn point "exactly."
The chart here will refresh every 20 min FYI.

I also put a default setting MACD two line below it for you all to compare, see how the tweaked one is sharper?...

"Get'r dun" [Big Grin]

Chart ~
 
Posted by T e x on :
 
quote:
Originally posted by portman:
Just so Repo knows it was not just him...lol

JL...are you illiterate?

quote:
Originally posted by JL:
??? Planned. They are Insider SALES.

http://finance.yahoo.com/q/it?s=FRPT.OB


OT:

lol, you can post here, but you can't update the CSHD SHC page?

Is it that bad?
 
Posted by Repoman75 on :
 
Chart - give me an update on the T/A please.
 
Posted by Chart walker on :
 
wow is there news coming?....

Those who have "live" charts are seeing a show!

Look like "somethings" brewing!

-checking into things......brb ~
 
Posted by Chart walker on :
 
pretty much at a strong ress point right now, 13.44-ish, if you break it, long term looks really good here!

Dang, was just telling you guys you had a nice run coming... ha ~
 
Posted by Repoman75 on :
 
$13.54... now let's see if we can hold it.

And yes, the 4100 Cougar order is coming shortly.
 
Posted by portman on :
 
Yeah... nice little rally from about 10:30 on. I love live charts.
 
Posted by Repoman75 on :
 
ST22 - did you buy at $12.90 yesterday like I said???

Where's JL??? HAHAHAHAHAHAHAHAAHA.
 
Posted by Chart walker on :
 
something screwy... IMO

-is there a short to cover here?...

MM games?...
Something just seems off...
have to get going to...

watch for a drive down (MM's) IMO
 
Posted by Repoman75 on :
 
quote:
Originally posted by Chart walker:
something screwy... IMO

-is there a short to cover here?...

MM games?...
Something just seems off...
have to get going to...

watch for a drive down (MM's) IMO

There is a big short position, yes. Let's see if we hold $13 end of day.
 
Posted by JL on :
 
Temporary Dead Cat Bounce.
 
Posted by Repoman75 on :
 
Thanks for keeping the FRPT thread on top chief!

Up .80 today! NEXT!
 
Posted by Repoman75 on :
 
Here comes $14... hey JL, let me know who will win the Super Bowl so I can pick the opponent!

 -
 
Posted by Chart walker on :
 
http://stockcharts.com/h-sc/ui?s=FRPT&p=D&b=5&g=0&id=p27635766056

MACD .....check
Stochastic....Checkmate! lol ~

"Savor the flavor boys!" [Big Grin]
 
Posted by madmoney on :
 
14.25!! it`s running up!! news comming? wow in the time it took to type that it went to 14.40!
 
Posted by Repoman75 on :
 
Last Board of Director should be the next big PR... although that big Cougar order is out there somewhere.
 
Posted by Jo4321 on :
 
I'm sure this helped.

http://www.kiplinger.com/columns/picks/archive/2006/pick1214.htm

STOCK WATCH
The Biggest Winners of 2006
The stocks with the largest returns for 2006 will surprise you. It proves that sometimes, basket cases do get over their illnesses -- or the market thinks they can.
By Jeffrey R. Kosnett
December 2006

If someone offered you free shares a year ago of Northwest Airlines, Delphi and Calpine or tickets for Powerball and Megamillions, chances are you would have taken a shot at one of the lotteries. I know I would have. All three of these one-time business titans entered 2006 operating under Chapter 11 bankruptcy protection and trading on the "pink sheets," which often serves as a hospice for shares of failing companies.

Depending on ailing General Motors, its former parent and largest customer, Delphi’s future seemed particularly bleak. So how did these three basket cases place in Morningstar's top five gainers list for 2006 among all stocks with a total market value of $250 million or more? And, for that matter, who are some other big winners?

These are not small gains, by the way. Northwest Airlines (symbol NWACQ.PK), which started the year at $0.54, soared 992% through December 12. Delphi DPHIQ.PK), which started at $0.30, rocketed 965%, while Calpine (CPNLQ.PK), which came into the year at $0.21, increased a relatively pedestrian 458%. Each is still a massive loser over the past few years, so the 2006 performance proves only that you can make fast money even on basket cases if the timing of your wager is right.

Northwest’s shares rebounded in the wake of US Airways’ amazing recovery and the improved fortunes for the airline industry. Delphi, which is up for sale, has made some progress in improving its operations and has trimmed GM business from 60% of sales to 45%. Moreover, GM itself is breathing a little easier. Calpine, a “merchant energy” company that builds speculative power plants around the world, is approaching break-even on operations after some enormous losses.

But does this mean that there’s still more moola on the table? It’s doubtful. Delphi is likely to be broken up, and the terms of its sale will determine if there’s any further payoff for the common stockholders. Northwest, like the airlines in general, is not out of the woods. Calpine’s balance sheet is a fright, with billions of dollars in negative shareholder net worth. The road back to prosperity will surely be arduous. You can argue that all of these stocks got oversold, but once a company is in Chapter 11, most professional investors don’t want to hold the shares for long. So the bottom for these kinds of stocks is unusually hard to find.

It would be a hopeful sign if you saw the bonds or stocks of any of these three names on the list of holdings of Third Avenue Value (TAVFX) fund or Third Avenue Small-Cap (TASCX) fund. Third Avenue wizard Martin Whitman has a nose for sniffing out value in companies that are reorganizing under bankruptcy protection. But lately Third Avenue has been buying strong companies, such as Toyota, not weak ones. So, it’s probably best to adhere to the conventional wisdom and stay from anything that’s in Chapter 11 unless you are willing to zero out your entire investment.

The year has also seen shares of some profitable companies zoom. The top supergainer is Force Protection (FRPT.OB), another pink sheeter but one that has applied to trade on the regular Nasdaq. This South Carolina firm makes blast-protected vehicles for the Marines that can withstand exploding roadside bombs. Needless to say, these are lifesavers in Iraq and Afghanistan. So this little company is now not-so-little. Its stock is up 1,600% in 2006, from $0.74 to more than $13.

That gives it a price-earnings ratio of more than 100 and a price-to-sales multiple of six, so it’s expensive, but is it so expensive that it cannot rise again? Not necessarily. Force Protection gets little attention from analysts or investment managers. The two-voter forecast of 58 cents a share in earnings for 2007 means little because this company depends on military orders and that depends, at least to some degree, on what happens next in Iraq. Many other small-company defense stocks are sputtering. Shares of this company smell like they’re one downbeat press release or quarterly report away from a gigantic profit-taking party.

We called Force Protection’s offices near Charleston to find out more but so far haven’t received a reply. Directors and executives have been busily selling shares of late, at around $8 and $9 a pop. Can’t say I blame them, but it sure is a sign of caution.

Biotech startups are crapshoots, but if you guess well, the payoff is big. Medivation (MDV), which is on the American Stock Exchange, went up from $2.53 in early 2006 to around $17 and sold a private placement of stock in December for $16.25 a share. This dilution doesn’t hurt much if you invested at $3, but at $17, you’ll need more good news. Medivation has drugs for Alzheimer’s and other illnesses in development. The stock flew after the release in September of favorable test results from patient trials in Russia. But the company’s lead drug candidate is still in phase two of the three-phase U.S. procedure for getting a drug approved, so the risk is great.

Then again, no stock goes up 500% in a year unless something is uncertain, funky or speculative. Morningstar finds that 156 stocks that now have a market value of $250 million or more have at least have doubled so far this year. I can’t say I picked any of them or own any, but who would have ever thought to bet on Calpine and Delphi in search of the investment equivalent of a Powerball jackpot?
 
Posted by Repoman75 on :
 
I don't think that helped... that is actually saying FRPT is overvalued.
 
Posted by glassman on :
 
it's a pretty good article tho, repo...

Biotech startups are crapshoots, but if you guess well, the payoff is big. Medivation (MDV), which is on the American Stock Exchange, went up from $2.53 in early 2006 to around $17 and sold a private placement of stock in December for $16.25 a share. This dilution doesn’t hurt much if you invested at $3, but at $17, you’ll need more good news.
 
Posted by Jo4321 on :
 
Still, it is exposure in a mainstream financial site. I think it must have helped some.

What do YOU think is causing this rally?

Could be the contract news. I told myself yesterday after that big decline that if it got back into the 14's I was going to take some profits, but I don't want to miss the after hours news!

Jo
 
Posted by Repoman75 on :
 
I think it could just be the buy-in after a normal correction, believe or not. Shorts have taken their profits, and longs who sold are loading up for the next run. No bad news on the horizon.
 
Posted by glassman on :
 
maybe that Karma swatter had JDAMS too? [Big Grin]
 
Posted by MoneyMoneyMoney on :
 
quote:
Originally posted by MoneyMoneyMoney:
quote:
Originally posted by MoneyMoneyMoney:
Sweet my 17 dollar sell went off this morn while in class. I still hold 50 shares [Smile] !!! Nice profits from 11.48 [Wink] .

Its about time to buyback!!! RSI IMO won't fall through 50 as it had a hard time getting just below the 60. Aroon still showing downtrend so I picked up a 100 and will wait on the other 50 later this week to bring my total back to 200 shares. It may fall a little further but NOT much. I say EOD between 12.95 and 13.05.

http://stockcharts.com/h-sc/ui?s=FRPT&p=D&b=5&g=0&id=p24704667862

Well, I guess my 13.02 buy was ok considering if I hit the low it would have been 12.10 but I'm just fine and dandy with my pick up.

14.66 is the finish and Fridays are always good to FRPT!!!

I passed my final (don't have my grade yet but am quite sure of myself) and looking forward to tomorrow!!!!!!
 
Posted by Jo4321 on :
 
Tried to sell 600 shares at $14.60, but only got a partial fill for 200.

Hope we have another FRPT FRIDAY.

Jo
 
Posted by Repoman75 on :
 
Good. When you sell, we usually fly afterwards.
 
Posted by Jo4321 on :
 
Yeah, but I didn't sell all, so that kind of ruins it. LOL
 
Posted by Jo4321 on :
 
New SEC Filing. What does it mean?

http://www.sec.gov/Archives/edgar/data/1032863/000110465906081554/a06-18216_2rw. htm

RW 1 a06-18216_2rw.htm REGISTRATION WITHDRAWAL REQUEST

Force Protection Inc.
9801 Highway 78, #1
Ladson, SC 29456
www.forceprotection.net


December 14, 2006

U.S. Securities and Exchange Commission
Division of Corporation Finance
100 F Street, N.E.
Washington, D.C. 20549

Attn: Messeret Nega

Re:

Force Protection, Inc.

Registration Statement on Form S-3

File No. 333-136701


Dear Messeret Nega:

Pursuant to Rule 477(a) promulgated under the Securities Act of 1933, as amended (the “Securities Act”), Force Protection, Inc. (the “Registrant”) hereby respectfully requests that the Securities and Exchange Commission consent to the withdrawal of its Registration Statement on Form S-3 (File No. 333-136701) originally filed on August 17, 2006, together with all amendments and exhibits thereto (collectively, the “Registration Statement”).

The Registration Statement covered the resale of certain shares of the Registrant’s Common Stock by the Registrant’s stockholder. The Registration Statement has not been declared effective and no shares of Common Stock of the Registrant have been or will be resold pursuant to the Registration Statement.

The Registrant further requests that, pursuant to Rule 477(c), an order with the date of the granting of the withdrawal be included in the file for the aforementioned Registration Statement in the following manner: “Withdrawn upon the request of the Registrant, the Commission consenting thereto.”

Please forward copies of the order consenting to the withdrawal of the Registration Statement to the undersigned at 9801 Highway 78, Building No. 1, Ladson, SC 29456, and Amy Trombly, Esq., Trombly Business Law, 1320 Centre Street, Suite 202, Newton, MA 02459. If you have any questions regarding this request or need any additional information, please call Amy Trombly at (617) 243-0060.

Thank you for your assistance.

Very truly yours,



Force Protection, Inc.


/s/ Gordon McGilton

Gordon McGilton


Chief Executive Officer
 
Posted by madmoney on :
 
quote:
Originally posted by Jo4321:
New SEC Filing. What does it mean?

http://www.sec.gov/Archives/edgar/data/1032863/000110465906081554/a06-18216_2rw. htm

RW 1 a06-18216_2rw.htm REGISTRATION WITHDRAWAL REQUEST

Force Protection Inc.
9801 Highway 78, #1
Ladson, SC 29456
www.forceprotection.net


December 14, 2006

U.S. Securities and Exchange Commission
Division of Corporation Finance
100 F Street, N.E.
Washington, D.C. 20549

Attn: Messeret Nega

Re:

Force Protection, Inc.

Registration Statement on Form S-3

File No. 333-136701


Dear Messeret Nega:

Pursuant to Rule 477(a) promulgated under the Securities Act of 1933, as amended (the “Securities Act”), Force Protection, Inc. (the “Registrant”) hereby respectfully requests that the Securities and Exchange Commission consent to the withdrawal of its Registration Statement on Form S-3 (File No. 333-136701) originally filed on August 17, 2006, together with all amendments and exhibits thereto (collectively, the “Registration Statement”).

The Registration Statement covered the resale of certain shares of the Registrant’s Common Stock by the Registrant’s stockholder. The Registration Statement has not been declared effective and no shares of Common Stock of the Registrant have been or will be resold pursuant to the Registration Statement.

The Registrant further requests that, pursuant to Rule 477(c), an order with the date of the granting of the withdrawal be included in the file for the aforementioned Registration Statement in the following manner: “Withdrawn upon the request of the Registrant, the Commission consenting thereto.”

Please forward copies of the order consenting to the withdrawal of the Registration Statement to the undersigned at 9801 Highway 78, Building No. 1, Ladson, SC 29456, and Amy Trombly, Esq., Trombly Business Law, 1320 Centre Street, Suite 202, Newton, MA 02459. If you have any questions regarding this request or need any additional information, please call Amy Trombly at (617) 243-0060.

Thank you for your assistance.

Very truly yours,



Force Protection, Inc.


/s/ Gordon McGilton

Gordon McGilton


Chief Executive Officer

on 8/17 the company filed an S3 registration statement to sell/offer 1 million shares of common stock at a price of 6.26, this statement is cancelling that proposed sale.
 
Posted by dollar13 on :
 
NICE 17.13% UP
 
Posted by Repoman75 on :
 
Frank, the insider who dumped a million shares a few months ago, cancelled ANOTHER planned sale... I guess he thinks we're going higher too!

BOOYAH!
 
Posted by portman on :
 
Nice day all around on this one. It's the stock that keeps on giving. It is so nice here it makes me not want to go to my new vodka stock.


Maybe I will just wait until tomorrow.
 
Posted by Jo4321 on :
 
http://www.dvidshub.net/vjump.php?vid=4943

Cool video of Buffalo in action that someone posted on IV. "Everyone OKay?" "Yeah"

JO
 
Posted by Livinonklendathu on :
 
http://sec.freeedgar.com/displayHTML.asp?ID=4825414
 
Posted by Repoman75 on :
 
quote:
Originally posted by Livinonklendathu:
http://sec.freeedgar.com/displayHTML.asp?ID=4825414

Even though the MM's will probably try to rape us in the AM on this news, its no biggie...

They are basically adding $3.75m to net losses in 2003 and 2004 (when the company was a disaster anyway and losing money hand over fist).

The main point is this from the filing:

The Company believes that the restatement will not materially impact its 2006 financial results.

 
Posted by Jo4321 on :
 
That filing could cause a temporary drop in PPS due to new holders not understanding that this is all housekeeping necessary to clean up before the NASDAQ listing.

In the long run, this is a good thing.

Jo
 
Posted by Repoman75 on :
 
STOP ERASING MY POSTS!

Exactly Jo. The new auditors will be reviewing everything to get things cleaned up for the NAS.
 
Posted by Jo4321 on :
 
WDCO is back
 
Posted by Repoman75 on :
 
I don't even think the current management team was in place back then...

I'm predicting NAS listing on January 23 (my birthday).
 
Posted by Repoman75 on :
 
WDCO is good... he puts his ask in at $14.10, then other MM's follow, THEN he retracts it, and now he's on the bid ready to buy .50 lower.
 
Posted by Jo4321 on :
 
Hmmm, should I take a shower and get dressed or watch the pre-market and opening. Decisions...decisions.

Jo
 
Posted by Repoman75 on :
 
Get dressed... check back in around 10:30 when we're near $15.
 
Posted by Jo4321 on :
 
Yeah, I shouldn't be around if it dips on the open, I'm a panic-seller [Smile]


Jo
 
Posted by Repoman75 on :
 
quote:
Originally posted by Jo4321:
Yeah, I shouldn't be around if it dips on the open, I'm a panic-seller [Smile]


Jo

Yeah, you can't hande the rollercoaster.

Its Friday too... always good for us. Maybe they'll follow up with a BoD announcement.
 
Posted by Repoman75 on :
 
The mother of all shakes... watch this.
 
Posted by MTPromises on :
 
wow! - what a dynamic first 8 minutes
 
Posted by Repoman75 on :
 
Shorts covered, longs went longer by shaking out the stupid.

We will hit $15 today at least.
 
Posted by Repoman75 on :
 
Still say we finish green...
 
Posted by Mortimer on :
 
Suprised nobody posted this news yet:

Force Protection, Inc. Announces Review of Financial Statements; Restatement of Previously Filed Financial Statements Will Be Made

http://digital50.com/news/items/BW/2001/07/14/20061215005288/force-protection-in c-announces-review-of-financial-statements-restatement-of-previ.html

EOD 14-14.5 will be fine with me.
 
Posted by Repoman75 on :
 
We did post that.... we posted the actual SEC document.
 
Posted by Mortimer on :
 
quote:
Originally posted by Repoman75:
We did post that.... we posted the actual SEC document.

Yep, just found the post. You guys are on it, as usual. Doesn't suprise me that I didn't see it. ....been one of those weeks.

Carry on.

...my wayward son (just had to throw this in). I'll go back to holding my part of the line now.

TGIF everybody!
 
Posted by Jo4321 on :
 
LOL, "Wayward Son", that's Repo alright. He's over stirring up trouble in the CSHD Thread.

Jo
 
Posted by LOCKMAN on :
 
Actually it's quite entertaining. It's gone from stock bashing to some sort of political column.
 
Posted by Repoman75 on :
 
Existing and Future Contracts/Acronyms/New Investor Info

Here's the list of existing and reasonably likely future contracts for FRPT, as of 12/15.

Includes updates for the 12/1/06 8-K, located at
http://www.sec.gov/Archives/edgar/data/1032863/000110465906078791/a06-24859_18k. htm

If you are a new shareholder of FRPT or just heard of it and considering a purchase, you have found a company with a lot of potential. FRPT recently received a 280 vehicle contract, but there are much larger orders in the pipeline, leading to a projected at least tripling of revenues in 2007 vs 2006. Near term the biggest deals are the Mine Resistant Ambush Protected (MRAP) contract with a Force Protection 8-K confirming the quantities could be up to 22,000 Cougars and the Medium Mine Protected Vehicle (MMPV) with possibly over 600 Cougars. This is over $10 Billion of potential contracts, for a company with under $1Billion market cap.

In summary,
1) FRPT is completing delivery on a 79 Cougar JERRV order and a 41 Buffalo order and supporting vehicles under current contracts.
2) Ramping up on the first 199 of 525 Cougar ILAV's they'll build, 86 Cougar Mastiffs, 200 Cougar JERRV and 80 Buffalo orders.
3) Applying for an MRAP contract of up to 4100/22000 vehicles, an MMPV contract of up to 260/600+ vehicles and a Product Support Integrator contract to provide additional support for their vehicles.
4) Supporting Cheetah evaluations for the JLTV round of contracts.

Check out the following summary for lots of details and links for background research.

Note: Line items within a product are approximately ordered based on confidence, i.e. awarded contracts first, soon to be awarded next, followed by likely or possible. Backlogs are as of October 1. References to the previous messages and links provide further details and justification so that you don't have to just trust me. If you have time, you may want to spend some time reading the background messages and links as well. The RB message numbers refer to messages on Raging Bull's FRPT board and IV for messages on Investorvillage’s FRPT board. An acronym dictionary is at the end of the message. This is detailed enough you may want to print it out first, then come back to follow the links.

Cougar (Non-ILAV)
http://www.forceprotection.net/models/cougar/
The Mastiff is based on the 6x6, the HEV on the 4x4 and most JERRV's are based on the 6x6, but some are 4x4.
1) 100 JERRV to be delivered between Nov 06 and Nov 07. Part of the $125Million delivery order on $214 Mill contract awarded Nov 06.
http://www.forceprotectioninc.com/news/news_article.html?id=133
2) Delivery award for the second 100 JERRV on the Nov 06 contract. Awarded. $69 Million.
http://www.forceprotection.net/news/news_article.html?id=142
3) 86 Mastiff PPV for the British. $65Mill awarded. Deliveries ahead of schedule and to be complete by 5/8/07.
http://www.forceprotection.net/news/news_article.html?id=117
http://www.defenseindustrydaily.com/2006/07/britain-buying-new-land-vehicles-for -iraqi-afghan-theaters/index.php
http://www.forceprotection.net/news/news_article.html?id=136
12/1 8-K says this order is actually for over 90 vehicles.
4) 15 JERRV to be delivered in 3Q-4Q06, $9.3Mill awarded. 4 remain in backlog.
http://www.forceprotection.net/news/news_article.html?id=95
http://www.forceprotection.net/news/news_article.html?id=106
5) Delivery award for 16 more JERRV as the May 06 contract was for up to 79. $10Mill. This appears to have already been quietly awarded as FRPT are including the 16 in the backlog on this contract.
6) 1 HEV remaining to be delivered. $400K. awarded. This one is left over from a previous contract and keeps getting pushed out, perhaps waiting for another larger HEV order.
7) An additional 100 JERRV to be delivered between Nov 06 and Nov 07. JERRV balance on the $214 Mill contract awarded Nov 06. Per SEC filings and press release, FRPT expects to be awarded and is already treating it as if it has been awarded.
8) The 2600 Category II vehicles of the MRAP RFI have been specifically described as similar to the 6x6 JERRV's. RFQ response due in December 18th, with award to follow some time after that. Funded by $228 Million and $299Million line items in 2007 budget and likely other funds in the 2007 defense supplemental. Considering the JERRV has already been well tested in the field, and the desire is to commit funds before end of year, (IV4625) the initial delivery order could be large. 2600 vehicles is approximately $1.3-1.5 Billion over the 2 year life of the contract. 12/1 8-K added that this is now an up to 13,000 vehicle opportunity.
The 6x6 JERRV's have been selling for $650K+ each, even at a $550K volume discount, this is an over $7 Billion dollar opportunity.
MRAP details are at http://www.fbo.gov/spg/DON/USMC/M67854/M67854MRAP/listing.html and http://www.fbo.gov/spg/DON/USMC/M67854/M6785407R5000/listing.html
My MRAP competitive analysis is at IV 13359
There were news articles that confirmed FRPT is planning to apply for MRAP and is partnering for the manufacturing capacity. One was copied into post IV11169.
9) Per the 12/1, 8-K, it apppears FRPT has chosen to go with the proven, in production product for Category I of the MRAP and will be bidding the Cougar 4x4. The expected volumes are a minimum of 1500 vehicles, with an option to buy an additional 7500 vehicles. At $400K each, this could be a $3.6 Billion contract.
10) Ambulance Variant of Cougar recently announced. I expect contract will be included in the MRAP Category II award. http://www.forceprotection.net/news/news_article.html?id=126
11) The Army has an MMPV draft solicitation out for a 260 Vehicle contract with award projected in April 07. The vehicle is very similar to the JERRV and the MRAP class II vehicle, so they are discussing merging this vehicle in with the MRAP program. Approximate value $125 Million. Likely to need two MMPV’s for each Buffalo awarded to form a GSTAMIDS convoy. According to the 12/1 8-K the needs for this one are now over 600 MMPV's instead of just 260.
http://contracting.tacom.army.mil/majorsys/mmpv/mmpv.htm
12) The Army is now forecasting needs for up to 21,000 vehicles as an interim until JLTV developed. Cougars called out as specific example. IV8316 and IV14892 This would be many Billion $. Meetings to be held in early 07.
13) Follow on order of more Mastiff for the British. Contract specifies details for 4 more, but press articles refer to the total order being for about 108, which would be 22. Approximate value $15 Million. Also, the initial order for 86 could be considered a test quantity with much larger orders possible next year as they prove themselves. See IV8805. The 12/1 8-K says the initial order is for over 90 vehicles, with an option to purchase an additional 18.

Cougar ILAV
The Cougar ILAV is the Cougar 6x6 chassis on two axles.
http://www.defenseindustrydaily.com/2006/06/bae-delivering-a-cougar-variant-for- iraqs-4454m-ilav-contract/index.php
1) Total IDIQ ILAV contract shared with BAE is for up to 1050 vehicles for up to $445 Million delivered by May 2008. DoD can initiate delivery orders up to that number fairly easily. Indication is that they will be issued as equiping the Iraqis with ILAV’s is one of the keys to the US handing over control. Partership terms with BAE are: 50/50 production split with BAE. Royalty paid by BAE to FRPT for units BAE builds. 100% of the training and support contract to FRPT. After 1050, contract with BAE is complete, so FRPT can provide 100% of future ILAV’s or renegotiate.
2) Initial delivery order of 378 units awarded. 2 of FRPT's 189 have been delivered.
http://www.forceprotection.net/news/news_article.html?id=103
3) Follow on delivery order for additonal 20 units awarded. None delivered yet.
http://www.forceprotection.net/news/news_article.html?id=128
4) Proposed sale of 600 ILAV’s announced to Congress. Approximate value of $240 Million shared with BAE. Not awarded yet, TBD.
http://www.dsca.mil/PressReleases/36-b/2006/Iraq_06-69.pdf
5) Proposed sale of 276 ILAV's.
http://www.dsca.mil/PressReleases/36-b/2007/Iraq_07-09.pdf


Buffalos
http://www.forceprotection.net/models/buffalo/
1) 44 Buffalos to be delivered by Dec 07. Part of the $125Million delivery order on $214 Million contract awarded Nov. 06.
http://www.forceprotectioninc.com/news/news_article.html?id=133
2) Contracts for a total of 41 Buffalos were awarded in 06 prior to the Nov contract. Approximate contract value $30-40Million. Remaining backlog is 33 units.
http://www.forceprotection.net/news/news_article.html?id=78
http://www.forceprotection.net/news/news_article.html?id=79
http://www.forceprotection.net/news/news_article.html?id=131
3) Rental fees and toy license fees from appearance in the Transformers movie to come out in mid 07. Message RB75575
4) Delivery award for additional 36 Buffalos from Nov 06 contract to be completed by Aug 08. Portion of $214Million Contract. Per SEC filings and press release, FRPT expects to be awarded and is already treating it as if it has been awarded. Value $20 Million.
5) Sole Source award for up to 64 Buffalos from MRAP RFI. Date TBD (IV5568).
6) Should get a large portion of $200Mill for additional Buffalos (specific line item for mine clearance convoys in 2006 Supplemental).
7) Army procurement plans are to buy another 250 Buffalos between 2007 and 2009. Approximately $220Million. The Buffalo was officially made part of the FCS program for mine clearance and FRPT is the sole source. Message RB76355. These will show up under the GSTAMIDS line item in the budget.
8) According to the 12/1 8-K the Army has requirements for 180 Buffalos and they are expecting another Buffalo RFP soon.
9) British may start buying Buffalos as they gain experience with Cougars. Reference in one of the news articles.
10) The Buffalo is also used in the humanitarian mission of demining old battlefields so that they are safe for civilians. Once capacity allows, there is the possibility of additional Buffalo purchases for this use.
Note: For Buffalo items 5,6,7,8 it is difficult to tell how much of this demand is satisfied with items 1 and 4.

Cheetah (formerly MUV-R and MRUV)
http://www.forceprotection.net/models/cheetah/
1) Likely to get an initial production contract in 2007 to prove the vehicle. Then a larger award once testing is satisfactory.
2) Strong position to compete for the JLTV as it moves forward. JLTV is a many billion dollar, many year contract, that will take some time to roll out. see IV11135
3) British may also buy Cheetahs as we believe they have also evaluated them.

ILS/PSI (Field Support, Spares, Training, Maintenance, Repairs, Professional Services )
1) Buffalo ILS Contracts. $5Million for Buffalo spares. Awarded, $800K remaining.
http://www.forceprotection.net/news/news_article.html?id=80
2) ILAV ILS Contract: $25Million over the next two years, message 76773 Included in 378 unit award.
3) RFI for 5-year PSI support for 288 Buffalos and Cougars. Response was due August 14. IV11881. FRPT will win this one. Award date TBD.
http://www.fbo.gov/spg/DON/USMC/M67854/M67854RFICIED/SynopsisR.html
4) Additional ILS and PSI as number of vehicles in the field keeps going up. We will have over 1000 vehicles in the field within 12 months. See IV11091
5) Catalyst reports claim a high return on ILS/PSI, similar to how your auto dealer gets a high return on their service department. Repairs to the vehicle after an IED hit adds significantly to our revenue on an ongoing basis. See latest Catalyst reports on FRPT. http://catalystresearch.biz/ResearchFRPT.html
6) ILS/PSI revenue is somewhat based on total vehicles in the field. In other words, the revene from ILS/PSI would continue to grow every quarter, even if our vehicle shipments were to hit a steady state because the total number of vehicles in the field keeps going up.

Patent Licensing
1) Licensing Revenues from patent on blast protection for wheeled and tracked vehicles. In private negotiations.
FRPT Press release, on investor news page June 15. "The significance of this undertaking cannot be overstated, and we intend to fully exploit this opportunity," said Force Protection CEO Gordon McGilton. "Since the technology can be applied not only to our vehicles, but to virtually any wheeled or tracked vehicle, the potential size of the opportunity may actually exceed that of our vehicle market." Also described in
http://catalystresearch.biz/files/FRPT_Update_Report_06_19_06.pdf

Brief comments:
Can FRPT deliver the units for this many contracts?
According to Spartan call, Spartan is now delivering over 5 Cougar chassis/day. IV6398. According to 3Q results, three Cougar lines are now running. According to the 12/1/06 8K their current capacity is approximately 40 Cougar and 5 Buffalos per month.

FRPT recently announced partnerships with GD and AH to increase capacity dramatically. The GD partnership gives them access to a pool of skilled welders to build more capsules and the AH partnership gives them access to a pool of skilled truck assemblers for final assembly. In addition, FRPT has a partnership wiht Ultra Machine and Fabrication that is growing very quickly. FRPT continues to keep 100% of the high margin aftermarket business.

GD Announcement
http://www.forceprotection.net/news/news_article.html?id=135
AH Announcement
http://www.forceprotection.net/news/news_article.html?id=138
Ultra Machine and Fabrication
IV14226
http://www.investorvillage.com/smbd.asp?mb=132&mn=14226&pt=msg&mid=992531

This all confirms plans are in place and being executed to win the very high volume contracts. As we said months ago, the deal was get the production capacity in place and the orders will follow.

Additional Resources to review
Most recent announcement from company of over $10Billion in potential contracts in the pipeline.
http://www.sec.gov/Archives/edgar/data/1032863/000110465906078791/a06-24859_18k. htm
Force Protection Web Site: http://www.forceprotection.net/
Catalyst Financial Reports: http://catalystresearch.biz/ResearchFRPT.html
CE Unterberg Report: http://unterberg.com/research/news/091506FRPTInitiationWEB.pdf
Yahoo Group for Force Protection. http://**************.yahoo.com/group/forceprotection/
Yahoo group has photos, files, contracts, and some message traffic. It could become our store for due diligence files if we started to post them there.
Spartan Q3 conference call. http://www.spartanmotors.com/webcasts.asp The most detailed conference call available describing Force Protection and Spartan's work over the last four months to more than triple Cougar capacity. See IV message 6398 for my summary.

Acronyms:

Vehicles
FCS – Future Combat System – Large Army program to define a new family of vehicles for the Army of several years from now.
GSTAMIDS - Ground Standoff Minefield Detection System. The convoy that includes a Buffalo and its supporting vehicles. An official program.
HEV – Cougar Hardened Engineer Vehicle. Based on Cougar 4x4.
ILAV – Iraqi Light Armored Vehicle. A Cougar 6x6 chassis on two axles instead of three. A troop transport designed to equip the Iraqi’s so they can take over duties currently covered by US troops.
JERRV - Joint Explosive Ordnance Disposal Rapid Response Vehicle – This is a 6x6 or 4x4 Cougar used by the Explosive Ordinance Disposal and Combat Engineer Troops. These job of these troops is to disarm and dispose of IED’s.
JLTV – Joint Light Tactical Vehicle –Program designed to replace the Humvee family of vehicles. Many billion dollar program in early stages of development.
Mastiff PPV- Mastiff Protected Patrol Vehicle. A Cougar 6x6 purchased by the British for their forces.
MPAV - Mine Protected Ambush Vehicle. A briefly used acronym that is equivalent to MRAP.
MRAP – Mine Resistant Ambush Protected vehicle. A series of three vehicles similar to the Buffalo, Cheetah and Cougar. Over 4100 vehicles currently planned.
MMPV - Medium Mine Protected Vehicle. Army program for a vehicle similar to the JERRV or Cheetah. Phrase has also been used to describe the RG-31, but don’t think RG-31 will win the current contract.
MRUV – Mine Resistant Utility Vehicle. Used once or twice by FRPT to describe what is now called the Cheetah
MUV-R - Mine-protected Utility Vehicle / Rapid Deployable (MUV-R), now called the Cheetah.

Services
ILS – Integrated Logistics Support (Spare parts and supplies, routine maintenance service, repairs and training)
PSI – Professional Support Integrator. Delivers ILS plus more. See IV message 4617

Contracting Process
Delivery Award – Purchase order for X vehicles for Y dollars. Ship per schedule, or sooner.
CONUS - Continental US
IDIQ – Indefinite Delivery, Indefinite Quantity Award. For example a contract is awarded for up to 1050 ILAV’s for up to $445 Million, locking in pricing and supplier. But need a delivery award to actual ship product.
OCONUS - Outside continental US. In FRPT's case, typically Iraq and Afghanistan.
RFI – Request for Information. An initial query to industry for “what do you have in this space”
RFP – Request for Proposal. A more direct query for a proposal for industry.
RFQ – Request for Quote. A direct query for a bid on a very specific product or service.

Customers/Partners/Regulators
AH - Armor Holdings. The Sealy, Texas plant owned by Stewart & Stevenson before S&S was acquired by AH builds military trucks.
BAE – British based defense contractor that is partner for ILAV. Formerly British Aerospace, but now has growing US presence due to acquisitions.
DoD – US Department of Defense
GD - General Dynamics. Lima Plant in Ohio builds several lines of armored vehicles.
MoD – British Ministry of Defense
SEC - Securities and Exchange Commission. The SEC is the agency responsible for administering federal securities laws in the US.
 
Posted by Repoman75 on :
 
38% insider / institutional holdings now!

http://www.cnbc.com/id/15837275?q=frpt
 
Posted by Repoman75 on :
 
Catalyst Update - Brief regarding re-statement

Before the open today, Force Protection reported that it had found errors in its accounting efforts for the years of 2003 and 2004. The adjustments involved equity valuation methods regarding issuances in 2003 and 2004 and that the adjustments would have an effect on the earlier financials to the tune of $4 million.

Our observations are that:
• The findings arose from the Company’s new auditors efforts of inspecting the books and in response to SEC questions arising from this past summer’s offering.

• The added loss has no effect on the operations for 2005 or 2006 and the prospects going forward.

• This change in past accounting reflects the Company trying to improve its entire public profile, controls, and grasp on the operations by the current management team. It adds to FRPT’s NOL carryforward.

My understanding of the story is that the SEC had 28 questions regarding the last registration statement. 27 were simply responded to with satisfactory answers. The last really needed some interpretation. The newly appointed auditors were able to understand the situation and address it appropriately. The BOD and management team believe that making sure that everything was buttoned up for the last registration would be particularly beneficial regarding any future request.
 
Posted by MTPromises on :
 
thanks for the info, Repo

. . . looks like we'll end up with a strong day
 
Posted by Jo4321 on :
 
New HOD. (I guess you can thank me for that, since I sold some this afternoon at $14.27! [Mad] )
 
Posted by Repoman75 on :
 
Thanks again Jo!

Notice where the new job openings are for Field Reps... they are at Army bases.. hmmm...
 
Posted by Jo4321 on :
 
hmmmmm, vewy interwesting
 
Posted by MTPromises on :
 
premarket is at 14.85 - is something up?
 
Posted by Repoman75 on :
 
I don't think any PR's will come until '07, but you never know.
 
Posted by portman on :
 
Thanks for the Catalyst update Repo.

Nice to see SOME companies actually know how to respond to SEC questions.
 
Posted by Repoman75 on :
 
I love Jo... the reverse albatross! $15!
 
Posted by Jo4321 on :
 
LOL Repo. For days now, I've watched it go up to the low $14's and then back down to the mid-13's. As soon as I sell, it breaks that pattern. ARGHH!!

Well, I guess I'm not entirely unhappy. I still made some coin on those shares I sold and if my sacrifice could get it moving up again, I'll do it for you guys. [Smile]
 
Posted by Jo4321 on :
 
Now let's hope they spend it on more FRPT vehicles for the troops.....
------------------------


DJ US Military Asks $99.7B More For Wars In Iraq, Afghanistan


WASHINGTON (AP)--The Pentagon wants the White House to seek another $99.7 billion to fund the wars in Iraq and Afghanistan, according to information provided to The Associated Press.

The military's request, if embraced by President George W. Bush and approved by Congress, would boost this year's budget for the wars to about $170 billion.

Military planners put the proposal together at a time when Bush is considering new strategies for the conflict in Iraq, including plans to quickly send thousands of additional troops to the war-ravaged country. Pentagon planners assembled the blueprint before Bush said he was considering that option.

Overall, the war in Iraq has so far cost about $350 billion. Combined with the conflict in Afghanistan and operations against terrorism elsewhere around the world, the cost to taxpayers has exceeded $500 billion, according to the nonpartisan Congressional Research Service.


(END) Dow Jones Newswires

12-20-06 1455ET

JO
 
Posted by Repoman75 on :
 
News... I guess they need cash to build factories??

Force Protection, Inc. Announces $152.75 Million Equity Financing
Thursday December 21, 8:30 am ET


LADSON, S.C.--(BUSINESS WIRE)--Armored vehicle manufacturer Force Protection, Inc. (OTCBB:FRPT - News) today announced it has closed on a private placement of 13 million shares of common stock, generating gross proceeds of approximately $152.75 million.

The securities were sold to a select group of institutional investors at $11.75 per share with no warrants. C.E. Unterberg, Towbin acted as Force Protection's lead placement agent.

"We are excited to announce this arrangement," said Force Protection CEO Gordon McGilton. "Force Protection appreciates the confidence evidenced by the investors who have participated in this financing. This working capital will enable us to finish pre-production activities related to our new vehicle line, Cheetah, as well as continue to expand our production capacity and deliver life-saving Buffalo and Cougar vehicles in greater numbers than ever before."

Demand for Force Protection vehicles has risen dramatically since their initial deployment in 2003, based on their unmatched record for troop safety against improvised explosive devices, land mines, and roadside bombs. All branches of the U.S. military have credited the blast protection technology incorporated in the Buffalo and Cougar with saving lives.
 
Posted by Jo4321 on :
 
Hmmmm, I was looking back in the thread for the last time they announced a private placement (July 24th) The stock actually hit a new 52-week high in the days shortly after it was announced, but then later it dipped down quite a bit.

Situation is different now due to the imminent NASDAQ listing to come, but who knows how the market will react this morning.

Jo

Edited to add: Also, the last time they did this, they followed up with a PR announcing that the Brits had ordered more Cougars. Perhaps a PR announcing Cheetah numbers will be forthcoming today.

Link to part of the thread from the last PP
http://www.allstocks.com/stockmessageboard/cgi-bin/ultimatebb.cgi/ubb/get_topic/ f/2/t/011854/p/8.html?
 
Posted by Repoman75 on :
 
Maybe you should go take a shower again...
 
Posted by Jo4321 on :
 
LOL, you are probably right. I've got my finger on the panic sell button.

Jo

Edited to add: Can't take a shower now, gotta watch SIGA
 
Posted by Repoman75 on :
 
Then again, maybe you should panic sell so we can see $17 again.
 
Posted by Repoman75 on :
 
I can't wait for the PR: "FRPT's Cheetah chosen as interim solution to Hummer replacement - 21,000 vehicle contract worth $10 Billion".

Stock price = $50
 
Posted by Jo4321 on :
 
[Smile] I didn't panic. Whew!
 
Posted by Repoman75 on :
 
quote:
Originally posted by Jo4321:
[Smile] I didn't panic. Whew!

Damnit, just hold tight! Stop trying to flip. All your shares will be in the green by the end of today... God knows how much they will be worth in the Spring of '07...

I have to go look up BMW dealerships...
 
Posted by MTPromises on :
 
holy crap! someone just put an order through for 50,000 shares at $15.35 . . . $767,500 . . . Repo???
 
Posted by MTPromises on :
 
nevermind - make that two orders at 50,000 shares!!!
 
Posted by Repoman75 on :
 
There's a been a few of those today.. hopefully institutions loading up.
 
Posted by Repoman75 on :
 
COVERAGE REITERATED: Force Protection BUY Rating

COVERAGE REITERATED: Force Protection (FRPT) reiterated by Dougherty & Company. Reiterated rating Buy.
1:08 p.m. 12/21/2006 Provided By Briefing.com
 
Posted by Repoman75 on :
 
Target upgrade

Force Protection FRPT Dougherty & Company Buy » $19
 
Posted by Jo4321 on :
 
Hope that helps it break the $15.70's. Seems we can't get past there.

Jo
 
Posted by Repoman75 on :
 
We just broke the $15.70's. Didn't take long, eh?
 
Posted by Jo4321 on :
 
Someone mentioned on another board that FRPT has never closed in the 15's. It has either closed in 14's or 16's.

Wonder if we can continue that trend today and close above $16.00

Jo
 
Posted by Repoman75 on :
 
Yeah, that one day when we ran it skipped over $15... maybe history repeats itself?
 
Posted by Jo4321 on :
 
I also wouldn't be surprised if they put out some news today. They did that the last time they announced a private placement to kind of counteract any negative connotations of the PP.

Oh and tommmorrow is FRIDAY, which seem to always be good days for FRPT.

Jo
 
Posted by Jo4321 on :
 
C'mon $16! Almost there....
 
Posted by Repoman75 on :
 
Not going to make it.. darn.
 
Posted by Jo4321 on :
 
A lot can happen in 5 minutes.
 
Posted by Repoman75 on :
 
$15.99... with 1 minute to go!
 
Posted by Repoman75 on :
 
They closed it at $16!!!!!!!

WOW.

Never closed at $15 yet...ahhahaaha
 
Posted by Jo4321 on :
 
Awesome!

But looks like after hours is bringing it back down to $15.85

Jo
 
Posted by Repoman75 on :
 
quote:
Originally posted by Jo4321:
Awesome!

But looks like after hours is bringing it back down to $15.85

Jo

THat's not AH, that's just a late report... and the official close is $16.
 
Posted by Jo4321 on :
 
Ah good, I see that now.

Love the L2

LAST: $16.00
HIGH: $16.00

Now let's see a contract announcement at 5pm!

Jo
 
Posted by Repoman75 on :
 
quote:
Originally posted by Jo4321:
Ah good, I see that now.

Love the L2

LAST: $16.00
HIGH: $16.00

Now let's see a contract announcement at 5pm!

Jo

If that happens, which I don't think it will untl '07, we will open at $18.
 
Posted by Jo4321 on :
 
Maybe we'll already BE at $18.00 by 07.

[Smile]
 
Posted by Repoman75 on :
 
Maybe... I think we'll be at $20 + by end of Jan. 07.. that's a lock.
 
Posted by Repoman75 on :
 
Did you see the 8-K today???? Force Protection and General Dynamics formed an LLC - "Force Dynamics!" to win the MRAP.

Look for a PR in the morning... maybe on Bloomberg / CNBC.
 
Posted by Repoman75 on :
 
New Partnership Aims to Speed Armored Vehicle Production


By KRIS OSBORN


Force Protection, the maker of the popular Cougar and Buffalo armored vehicles, on Dec. 21 formed a joint-venture company with General Dynamics Land Systems to win a U.S. Marine Corps contract to build thousands of Mine Resistant Ambush Protection (MRAP) vehicles.


While the initial contract value is to be $770 million, the total value of the program could be as much as $10 billion, sources said. The 50-50 joint venture, to be concluded within a month, will allow the companies to address a key Marine Corps requirement for the program — rapid delivery of vehicles to meet wartime demands in Afghanistan and Iraq.


“The idea is to merge Force Protection’s proprietary designs with GDLS’s manufacturing and technological capacity,” said Michael Aldrich, Force Protection’s vice president. “Buying enough steel to meet the demand has been a challenge, GDLS brings buying potential in the steel market … We feel a tremendous obligation to meet the needs of the war fighters as quickly as possible.”


According to executives for the two firms, the alliance will allow production of Cougar vehicles to increase from 40 now being built per month by Force Protection at its plant in Ladson, S.C., to 200 a month with GD. By 2008, the joint venture aims to be building up to 300 vehicles a month.


Spearheading the rushed acquisition is the Marine Corps Systems Command, which stepped up MRAP orders in September, and in recent weeks total requests for production (RFP) have risen from several hundred up to about 4,100 vehicles, Marine Corps officials said.


“We quickened the pace because we recognized the urgent and compelling need,” said Capt. Jeff Landis, a Systems Command spokesman at Marine Corps Base Quantico, Va.
Force Protection is known for the blast-deflecting V-shaped hull featured on the 23-ton Buffalo and the 14-ton Cougar vehicles, about 300 of which are in use in Iraq and Afghanistan. GDLS is the nation’s leading armored vehicle maker, building the Army’s Stryker family of armored vehicles and upgrading the service’s venerable M1 tank.


Over the past several years, the vehicles have been subjected to some 2,000 attacks from improvised explosive devices, rocket-propelled grenades and mines. The Cougar vehicle was first used in 2004 by I Marine Expeditionary Force units in Fallujah.
The last time GD forged a joint venture was when it partnered with General Motors Defense Canada in 2000 to build the Interim Armored Vehicle that eventually that came to be known as the Stryker. The initial Stryker contract was valued at $4 billion for 2,131 vehicles and the alliance paved the way for GD to acquire the London, Ontario-based GM unit for $1.1 billion in 2003.
“We’re pleased to be partnering with a strong Force Protection team to deliver a MRAP vehicle that will be used to safeguard servicemen and women,” said Peter Keating, a GDLS spokesman. “It is an opportunity to use the skills and resources of both companies to the best advantage of our customers.”
 
Posted by MTPromises on :
 
wow! in just over a year, they are going to increase production 7.5 times - that's impressive

Repo, with the Democrats gaining control, I'm sure they are going to push to get out of Iraq sooner than later - how do you see that affecting FRPT production? I have to believe that the war is driving the bulk of the production, right? Or will they end up producing 1000's of vehicles anyways just for future availability and/or replacements of other vehicles?
 
Posted by Repoman75 on :
 
MT - the Dems will not factor into FRPT for at least 2 years. First, they don't want to seem soft on defense for the 2008 election, and they have already said that they will cut big ticket items (like aircraft carriers) and will put money into items like FRPT.

Secondly, the Army has mandated to overhaul its equipment. The Hummer HAS to be replaced.. therefore, with or without world peace, the Army is upgrading.

Third, and this is the key, even if the Dems said no more defense spending, until that happens, for every one of these vehicles the DoD buys, until they decide 20 - 30 years from now to replace them, FRPT has the rights to the intellectual property, as well as repairs and parts... gravy. Just like Gilette - give the razor away, make a killing on the blades.

We will see $30 in maybe a few weeks with this announcement.. look at the 8-K on SEC.gov about the Private Placement.. look who got shares - Goldman Sachs, Merril Lynch, etc. We are a big boy now.

Greatest stock since MSFT.
 
Posted by a surfer on :
 
Here is a big BBBBBOOOOOOHHHHHHHHHYYYYYYYAAAAAAA for you Repo!!!!!!!!!!!!!

Doesn't get much better than that.

I wish I would have doubled down last week.

Anyway still holding my original shares and I am proud of you and your pick!!!

Congrats!!! And Merry Christmas...
 
Posted by Repoman75 on :
 
Its good to be on the side of the winning team now and then.. now if my NY Jets would just win on Xmas night, I can't ask anything more from Santa!

I would still load up if you have funds... especially for the long term. This sets up GD to buy FRPT 2-3 years from now, God knows for how much.
 
Posted by Jo4321 on :
 
Repo, I think now, even if I THINK of selling it goes up. I actually had a sell order in for $15.80 this afternoon, and when I saw your post about the target upgrade to $19.00 I cancelled in just in the nick of time.

Sure wish I could have those $14.27 shares that I sold Tuesday back, but no sense crying over spilt milk.

I have a question for anyone about Market orders. This is probably a stupid question, but I've never done one. If I put in an order for a market order, they have to fill at the first ask, correct? They can't jump to someone who has a GTC $100.00 order in and fill me at that?

Jo
 
Posted by Repoman75 on :
 
quote:
Originally posted by Jo4321:
Repo, I think now, even if I THINK of selling it goes up. I actually had a sell order in for $15.80 this afternoon, and when I saw your post about the target upgrade to $19.00 I cancelled in just in the nick of time.

Sure wish I could have those $14.27 shares that I sold Tuesday back, but no sense crying over spilt milk.

I have a question for anyone about Market orders. This is probably a stupid question, but I've never done one. If I put in an order for a market order, they have to fill at the first ask, correct? They can't jump to someone who has a GTC $100.00 order in and fill me at that?

Jo

They have to fill market orders at the INSIDE ask, which is the lowest ask... however, on the BB, they can hold your orders, and move the ask up.. you won't get filled at $100, but you may not get filled at the ask you see when you place the order.
 
Posted by Repoman75 on :
 
Just hit the wires...

Force Protection, Inc. and General Dynamics Announce Joint Venture Company
Friday December 22, 8:30 am ET


LADSON, S.C., Dec. 22 /PRNewswire-FirstCall/ -- Force Protection, Inc. (OTC Bulletin Board: FRPT - News) and General Dynamics Land Systems today announced they will form a joint venture to compete for the Mine Resistant Ambush Protected (MRAP) vehicle program, a U.S. joint services program being managed by the U.S. Marine Corps.

The joint venture was formed to offer Force Protection's Cougar 4x4 and 6x6 armored vehicles as an MRAP solution. The joint venture will include an experienced team in program management, systems engineering, production and service support from both Force Protection and General Dynamics.

"This joint venture is an important strategic step for our company," said Force Protection CEO Gordon McGilton. "Combining Force Protection's life- saving blast protection technology with the size and capability of General Dynamics will ensure that the MRAP program will be a success and that the vehicles will be the strongest, most advanced blast- and ballistic-protected vehicles in the world. We look forward to working with a company of the caliber of General Dynamics in producing this critically-needed vehicle for our troops."

"The joint venture will provide our Armed Forces the services of two best- in-class defense companies both dedicated to safeguarding the lives of our servicemen and women," said Dave Heebner, president General Dynamics Land Systems. "Together we will leverage the complementary skills and resources inherent in our companies to produce Mine Resistant Ambush Protected vehicles. I'm pleased to be partnering with a very strong Force Protection team to deliver this mobile and highly survivable vehicle."

The venture builds on an earlier agreement between the companies for General Dynamics to perform structure fabrication of the armored capsule incorporated in Force Protection's Cougar medium mine-protected vehicle.

The Cougar has been deployed since 2004 in the global war on terrorism. It was first used by the 1st Marine Expeditionary Force in Fallujah, and is now used by all branches of U.S. armed services due to its unmatched safety record in the field.
 
Posted by Livinonklendathu on :
 
5 at 16.50 on the bid, nice.
 
Posted by Repoman75 on :
 
$17 open at least...
 
Posted by Livinonklendathu on :
 
printing 17.50
 
Posted by Kevin Bailey on :
 
If the B/A on my real-time streamer are right, it will open at at least 17.50 ... good luck guys!
 
Posted by Repoman75 on :
 
2 days before Xmas eve.. I love it.
 
Posted by Kevin Bailey on :
 
Lots of pre-market sellers pushing the B/A down to 17.30x17.31 ...
 
Posted by Repoman75 on :
 
Going up... huge volume. Could see 6 mil. traded today.
 
Posted by Repoman75 on :
 
Here comes $18... $20 today?
 
Posted by Kevin Bailey on :
 
Retreated back to 17.51 ... What a ride!
 
Posted by Repoman75 on :
 
Dip.. now is the time to load up.
 
Posted by fuzzcloud on :
 
Guess I'll never see that sub-$14 buy-back point now. Buy and hold, so simple, yet so hard...
 
Posted by Repoman75 on :
 
You lack discipline!
 
Posted by CC811 on :
 
A quick Merry Christmas to FRPT and all investors who have benefited from this incredible stock. I originally bought in in mid-January at 1.20. I've been following this thread since around August. Everyone here's been helpful, supportive, and amusing, to say the least. Have a great FRPT new year, and I'll see you on the other side of $20. I'm off to finish my shopping...the budget's a bit bigger this year!
 
Posted by Repoman75 on :
 
Xmas certainly is great this year, because of FRPT.
 
Posted by Kevin Bailey on :
 
SIGA and FRPT seem to be similar plays. Why is FRPT taking off, and SIGA is lagging, and seems to be searching for support at the bottom?
 
Posted by Kevin Bailey on :
 
Repo-

What initially sent you so long in FRPT? It would be nice to develop some kind of "metric" of sorts that would help us all identify the potential longer-term holds like this one.
 
Posted by Livinonklendathu on :
 
quote:
Originally posted by Kevin Bailey:
SIGA and FRPT seem to be similar plays. Why is FRPT taking off, and SIGA is lagging, and seems to be searching for support at the bottom?

He gonna chew your butt for that comparison, better have a mod delete it quick before he gets home [Big Grin]
 
Posted by Rhyz on :
 
Well Repo I'm back from Hawaii and its great to see we got some great news! I'm home till the 3rd then moving back. Been checking the stocks alittle while I was out there, nice that the market opens at 4:30 am there..... [Smile] Happy Holidays guys. FRPT FTW!
 
Posted by Repoman75 on :
 
quote:
Originally posted by Kevin Bailey:
SIGA and FRPT seem to be similar plays. Why is FRPT taking off, and SIGA is lagging, and seems to be searching for support at the bottom?

I wouldn't say they are the same... SIGA is diluting on the open market, FRPT did PP's. Also, Siga only has 1 order from the DoD, FRPT does not.

The only similarity is the fact they both have orders from the DoD.
 
Posted by portman on :
 
quote:
Originally posted by Repoman75:
quote:
Originally posted by Kevin Bailey:
SIGA and FRPT seem to be similar plays. Why is FRPT taking off, and SIGA is lagging, and seems to be searching for support at the bottom?

I wouldn't say they are the same... SIGA is diluting on the open market, FRPT did PP's. Also, Siga only has 1 order from the DoD, FRPT does not.

The only similarity is the fact they both have orders from the DoD.

Not to mention (aside from the product being extremely viable) that the company is playing the game to near perfection.
 
Posted by Jo4321 on :
 
http://www.localtechwire.com/business/local_tech_wire/story/1117957/


Force Protection Teams With General Dynamics For New $10B Armored Vehicle Project

Posted: Today at 9:37 a.m.

LADSON, S.C. — Force Protection, a builder of high-tech armored vehicles designed to protect its occupants from explosive devices, is joining forces with General Dynamics Land Systems to pursue a new vehicle the U.S. military wants.

The Mine Resistant Ambush Protected, or MRAP, vehicle program is a Defense Department initiative seeking to replace Humvee vehicles. More than 20,000 of the MRAP vehicles could be purchased in a contract worth as much as $10 billion.

The MRAP program is being managed by the U.S. Marine Corps.

Force Protection and the General Dynamics group plan to offer Force Protection’s so-called Cougar vehicles as the MRAP. The Cougars are available in 4x4 and 6x6 configurations.

General Dynamics and Force Protection recently announced a partnership through which General Dynamics would provide fabrication of the armored capsules built into Cougar vehicles.

"This joint venture is an important strategic step for our company," said Force Protection Chief Executive Officer Gordon McGilton in a statement. "Combining Force Protection's life-saving blast protection technology with the size and capability of General Dynamics will ensure that the MRAP program will be a success and that the vehicles will be the strongest, most advanced blast- and ballistic-protected vehicles in the world.”

Force Protection, which recently raised nearly $153 million through a stock offering, has already sold Cougar joint explosive ordnance disposal rapid response vehicles to the Marines. The most recent contract called for $69 million to be spent on 100 of the Cougars. Its vehicles are built at a complex near Charleston, S.C.

To date, more than 300 Force Protection vehicles have been delivered to the U.S. military for use in Afghanistan and Iraq. They include Cougar and Buffalo vehicles. The United Kingdom also recently signed a contract for vehicles from Force Protection.

Among features in the Cougar are a V-shaped hull designed to deflect blast effects and 4-inch thick glass.

The Cougar can be configured to haul as many as 12 troops or four troops and a large explosive ordinance disposal robot. It can be used as a command and control vehicle, a prime mover for artillery pieces, vehicle recovery and as an ambulance, according to Force Protection.

"The joint venture will provide our Armed Forces the services of two best- in-class defense companies both dedicated to safeguarding the lives of our servicemen and women," said Dave Heebner, president General Dynamics Land Systems. "Together we will leverage the complementary skills and resources inherent in our companies to produce Mine Resistant Ambush Protected vehicles.”
Copyright 2006 by WRAL.com. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
 
Posted by Repoman75 on :
 
New Reuters summary... buy recommendation still.

I can't post it yet though..
 
Posted by Repoman75 on :
 
Up .50 today... looks like the Reuters analysis made a splash.
 
Posted by Repoman75 on :
 
Ok, this is how you know shorts are in BIG trouble.

Read this:

http://www.businessweek.com/ap/financialnews/D8M9A3F00.htm

Now, it's true this happened. But, who in their right mind would publish this as worthy news for an OTC stock and for a planned sale that isn't anything new (Frank has been selling shares now and then since the summer)???

Think - are shorts trying to get some investors scared??

Man, they do play hardball...
 
Posted by Repoman75 on :
 
Last Board of Director named!! NASDAQ on Jan. 2nd??????

On December 26, 2006, Lieutenant General Roger G. Thompson, Jr., USA, Ret. was appointed to the Board of Directors. On December 26, 2006, General Thompson was also appointed to the Audit Committee of the Board of Directors.

General Thompson has a 34-year military career, having commanded at all levels through Army Major Command. General Thompson began his career in June 1966 in field artillery where he commanded firing batteries in Fort Hood, Texas and Vietnam until June 1969. As an Army logistician from September 1972 until his retirement in October 1999, he commanded an early deploying transportation company, an Army port battalion, the 37th Transportation Command in Europe and Military Traffic Management Command. General Thompson served three times in the Department of the Army Staff. His last assignment was the Director of the Army Budget which concluded in July 1997 when he was promoted to Lieutenant General. General Thompson completed his military career as the Deputy Commander in Chief, United States Transportation Command in October 1999. General Thompson has served as the Vice President of Membership and Meetings for the Association of the United States Army, or AUSA, since October 2000. He is responsible for AUSA National support to 128 chapters worldwide. He also serves as the Chairman of the Annual Meeting Planning Committee and is responsible for AUSA's nine symposia in key operational areas, the Winter Symposium and AUSA's participation in four international military shows in support of the Army. General Thompson holds a Bachelor of Science degree from the Unites States Military Academy, a Master's degree in Business Administration from Syracuse University and a Master's degree in National Security and Strategic Studies from the Naval War College.
 
Posted by PCola77 on :
 
December short interest up 10% to 4,937,859.

And I keep waiting to buy this, why?
 
Posted by Repoman75 on :
 
Hahahaha... shorts are getting creamed tomorrow - $19 opening price?
 
Posted by Repoman75 on :
 
Official PR.. gapping.

Force Protection, Inc. Appoints New Director
Thursday December 28, 8:02 am ET


LADSON, S.C.--(BUSINESS WIRE)--Force Protection, Inc. (OTCBB:FRPT - News) today announced it has appointed U.S. Army Lieutenant General Roger G. Thompson, Jr., Retired, to the company's Board of Directors. The appointment marks a majority of independent shareholders on the Board, which is a prerequisite for Force Protection common stock to be listed on the NASDAQ Capital Market. Thompson's appointment was effective December 26, 2006.

"We are delighted to have General Thompson as our newest board member," said CEO Gordon McGilton. "He has had a remarkable career that makes him a perfect fit for this position. We are doubly pleased as we look forward to his leadership and contributions and as we anticipate the Company's opportunities for continued expansion of its business model in the coming year."

A veteran with more than three decades experience on active duty, Thompson currently provides executive leadership to the 128 local chapters of the Association of the United States Army (AUSA) throughout the world. Thompson commanded at all levels throughout the Army, including field artillery, transportation, logistics, and infantry units. He served three separate assignments on the Department of Army Staff, his last tour as Director of the Army Budget. Thompson completed his military career as the Deputy Commander in Chief, United States Transportation Command. In this position he was responsible for the daily operations supporting all military and commercial transportation for the entire Department of Defense.

Thompson holds a Bachelor of Science Degree from the United States Military Academy, a Masters Degree in Business Administration from Syracuse University, and a Masters Degree in National Security and Strategic Studies from the Naval War College. He attended the Army's Command and General Staff College and the Naval War College.
 
Posted by cactus33 on :
 
its like the freakin energizer bunny, lol

rockin!
 
Posted by Repoman75 on :
 
And there's no volume today, and 5 million shares short!

Just wait till next week... BOOM when we hit the NAS.
 
Posted by Repoman75 on :
 
$18 again... new 52 week high coming.
 
Posted by cactus33 on :
 
this thing just trades incredible, just smashed that 18 wall.. a freaking powerhouse and nice to see compared to these other POS out there.

jmho
 
Posted by a surfer on :
 
watch out $18.35..........your going down...
 
Posted by portman on :
 
Here's what kills me...this stock is nothing short of fantastic....but no postings.

Like I said earlier and in relation to this press release...They play the game to near perfection once again!
 
Posted by Repoman75 on :
 
quote:
Originally posted by a surfer:
watch out $18.35..........your going down...

Yep, down to the liquor store to buy a case of Dom for this weekend.
 
Posted by JL on :
 
i WISH i could short this stock. Id be rich in 3-6 months months when its back under $10.00. FRPT is probably the most overvalued stocks in the OTC at nearly $1 Billion Market Cap.
 
Posted by Repoman75 on :
 
quote:
Originally posted by JL:
i WISH i could short this stock. Id be rich in 3-6 months months when its back under $10.00. FRPT is probably the most overvalued stocks in the OTC at nearly $1 Billion Market Cap.

Hahahahhaa.. you're still here? Didn't we have a bet? Go away. I wish you could have shorted it WHEN YOU WANTED TO.. at $14...
 
Posted by Jo4321 on :
 
Nice little mention:
quote:
http://www.thestate.com/mld/thestate/business/16346750.htm

While many S.C.public companies celebrate growth, other are mired in investigations

By BEN WERNER
bwerner*thestate.com

The ball doesn’t drop on 2006 until Sunday night, but the year has ended on Wall Street, and most of South Carolina’s public companies saw their stock prices finish up from a year ago.

Many of the nation’s major stock indexes finished 2006 with decent double-digit growth from the end of 2005 — a performance mirrored by South Carolina’s 20 largest publicly traded companies.

As a whole, stock in these South Carolina-based firms finished 2006 13 percent higher than in 2005.

This year-over-year increase in stock prices was slightly better than the 12 percent growth reported for a similar list of companies at the end of 2005.

THE BIG WINNER

Ladson-based Force Protection has developed a product in high demand — armored vehicles favored by military for work in Iraq and Afghanistan.

Currently, the military is seeking bids on 4,000 armored vehicles that match specifications for Force Protection’s Cougar vehicle.

The company also secured a private placement of 13 million shares of common stock, generating $152.75 million.

The day that private placement was announced, Force Protection’s stock price jumped by $1 to close at $15.99 per share.

The cash is being used to expand Force Protection’s Ladson manufacturing plant.

And also:
quote:

http://www.thestate.com/mld/thestate/business/16346751.htm

Who to watch
Three companies worth keeping an eye on in 2007 as they appear poised for growth:

BLACKBAUD INC.

The Charleston-based company just missed the top three performers spot, but has consistently done well selling fund-raising software to nonprofit organizations. Stock symbol: BLKB

CENTERPLATE INC.

With management firmly in place, watch for the Spartanburg-based stadium and arena concessions company to use its line of credit to seek new, large stadium deals. Stock symbol: CVP

FORCE PROTECTION INC.

The Ladson-based manufacturer of armored vehicles likely has a big year ahead as its vehicles have become a favorite among U.S. military personnel in Iraq and Afghanistan. Stock symbol: FRPT.OB



 
Posted by Jo4321 on :
 
http://10qdetective.b l o gspot.com


(Move the b l o g together)

Jo
 
Posted by Repoman75 on :
 
That's the idiot who said don't buy at $6... hahaha.. dope.
 
Posted by Jo4321 on :
 
Yeah, he's admitting he was wrong.

Jo
 
Posted by Repoman75 on :
 
Upgrade!

Re: FRPT: Force Protection tgt raised to $25 from $17 at C.E. Unterberg

Got this from Briefing.com

Reiterated

Force Protection FRPT CE Unterberg Towbin Buy $25
 
Posted by Jo4321 on :
 
http://www.briefing.com/Investor/Public/MarketAnalysis/Calendars/UpgradesDowngra des.htm
 
Posted by Repoman75 on :
 
Nice... Jo, have you reloaded?
 
Posted by Jo4321 on :
 
Not lately. Last shares I bought were in my IRA for $17.20 on 12/21/2006

I've got nearly 50% of my IRA in this now (mostly due to the incredible gains), so I'm not sure I'll be getting more. Maybe a few more "trading shares" would be fun, though.

Jo
 
Posted by Jo4321 on :
 
http://quotes.nasdaq.com/asp/summaryquote.asp?mode=&kind=&timeframe=&intraday=&c harttype=&splits=&earnings=&movingaverage=&lowerstudy=&comparison=&index=&symbol =FRPT&symbol=HSOA&symbol=PWAC&symbol=VDSI&symbol=&symbol=&symbol=&symbol=&symbol =&symbol=&FormType=&mkttype=&pathname=&page=summaryquote&selected=FRPT

The above shows CE Unterberg Towbin raising the 2007 estimates, but lowering the 2006 estimates.

jo
 
Posted by Stefan on :
 
Nice article on FRPT in tomorrows Investors Business Daily "The New America" column. Stocks in this column often get a nice pop the next morning.


New Armored Vehicle Saves Lives In Iraq, Protects From IED Blasts

BY KEVIN HARLIN

INVESTOR'S BUSINESS DAILY

Posted 1/3/2007

The venerable Humvee wasn't designed to take the abuse dished out daily on the streets of Baghdad. Force Protection says its vehicles are.

The Ladson, S.C., company says its patrol vehicles — essentially armored bank trucks on steroids — could save soldiers from one of the main threats they face today: devastating roadside bombs.

A few hundred of its Buffalo and Cougar vehicles are already deployed by U.S., British and Iraqi forces. In December, it partnered with General Dynamics (GD) to bid on the U.S. military's latest call for a mine-resistant, ambush-protected vehicle, or MRAP in military jargon.

If Force Protection wins its more than $1 billion bid to provide up to 3,600 vehicles over 18 months, it will be a massive undertaking for a company that produced just 50 vehicles in December.

General Dynamics

By marrying Force Protection's trucks with General Dynamics' fabricating capacity, the companies together can deliver large numbers of "the strongest, most advanced blast- and ballistic-protected vehicles in the world," Force Protection's Gordon McGilton said in a written statement.

Humvees weren't designed to bear the brunt of an explosion, particularly from underneath. The military is retrofitting those workhorses with armor plating, but casualties continue to mount.

Unlike Humvees, all of Force Protection's vehicles have V-shaped hulls — a design first pioneered in South Africa that deflects blasts up and around the crew compartment.

That shape, and the heavy armor — the company considers the exact makeup of the protective skin a military secret — increase the odds that soldiers inside will survive.

The military suffered its first fatalities inside a Force Protection vehicle in an attack in November. Neither the company nor the military would elaborate, citing security.

But in most attacks the injuries have been minor, and many of the damaged vehicles have been able to return to base under their own power.

"It's the gold standard in protection," said Michael Aldrich, a Force Protection vice president. "We've been hit over 2,000 times now. So the jury has come back in and announced that they like the design and they believe in it."

The U.S. Army took delivery of the first Buffalos in 2003. These massive, 45,000-pound trucks, with 30-foot remote arms, are used to spot and disable improvised explosive devices — the dreaded IEDs.

The middle-duty vehicle, the 30,000-pound Cougar, first entered service with the Marines in Fallujah in 2004 and is also used for hunting IEDs.

In December, the company raised $152.8 million in a private placement that it said will allow it to ramp up production of its newest and smallest vehicle, the relatively nimble 14,000-pound Cheetah.

Aldrich says the Cheetah will offer the same blast protection and will be able to better maneuver along narrow urban corridors.

As of December, the U.S. Marines already had 69 Force Protection trucks — four Buffalos and 65 Cougars — and funding approved for 805 more, Marine Corps Systems Command spokesman Bill Johnson-Miles says.

Johnson-Miles says accounts from Marines who survived blasts in them are a testament to the trucks' durability.

Force Protection's Aldrich said the success in the field has led to calls from NATO nations and the militaries of Middle East countries.

Ultimately the military plans to retire the Humvee completely, Johnson-Miles says. It hasn't yet put out specifications for the next generation of durable multipurpose vehicle. But Force Protection hopes its trucks, or variations on them, will make the grade.

Potential Market

If so, that would open the company to a potential $10 billion market to deliver 20,500 vehicles.

But capacity would have to dramatically improve first.

With General Dynamics' plants in Ohio and elsewhere, Force Protection said it expects to be churning out 200 vehicles a month by the middle of 2007, and up to 300 a month in 2008.

With capacity at its Ladson plant nearly maxed out, the company is looking for a new facility to manufacture its Cheetahs.

C.E. Unterberg Towbin analyst James McIlree says the order prospects look good in 2007, though he cautioned in a research note that the company could hit snags as it tries to ramp up production. He also noted that since the bulk of the business comes from the U.S. military, the company would be in trouble if its trucks lost favor, or were beaten by offerings from better-financed competitors.

McIlree's firm underwrote the company's December private placement.

Joe Maxa, an analyst with Dougherty & Co., wrote in a November research note that the management team at the 10-year-old company had limited experience together.

Force Protection trades as a bulletin board stock, but it has applied for listing on the Nasdaq Capital Market. In December it appointed a retired U.S. Army lieutenant general to its board, giving it the required majority of independent directors.

The company posted earnings of 1 cent per share in the third quarter, on revenue of $42.2 million, up from an 11-cent loss a year ago on sales of $9.3 million. Analysts had expected 4 cents per share in the third quarter.

Maxa attributed most of the shortfall to a delivery timing issue at the end of the quarter, and a delay in Buffalo production due to a customer's design change.

Analysts surveyed by Thomson Financial expect 7 cents per share in the fourth quarter, 11 cents for the year and 57 cents in 2007.
 
Posted by Jo4321 on :
 
Thanks for bringing that here Stefan.

I'm wondering how this little blurb from that article will affect tommorrow's action.
quote:
The military suffered its first fatalities inside a Force Protection vehicle in an attack in November. Neither the company nor the military would elaborate, citing security.

But in most attacks the injuries have been minor, and many of the damaged vehicles have been able to return to base under their own power.

They sure kept that under wraps. That's the first we've heard of anyone being killed in an FP vehicle.

Jo
 
Posted by Repoman75 on :
 
Nice find! Good exposure! Mo money mo money mo money.
 
Posted by Jo4321 on :
 
Nice PR:

Force Protection, Inc. Marks Major '06 Milestones, New Vehicle Production Record in December
Business Wire - January 04, 2007 08:45

LADSON, S.C., Jan 04, 2007 (BUSINESS WIRE) -- Leading U.S. armored vehicle manufacturer Force Protection, Inc. (OTCBB:FRPT) continued to record substantial growth in contracts, vehicle deliveries, workforce, production capacity, and strategic partnerships during 2006, the company said today.

Force Protection's Buffalo and Cougar blast- and ballistic-protected vehicles marked more than three years in combat operations in Iraq and Afghanistan in the past year. There are over 300 vehicles currently deployed, more than double the number at the beginning of 2006.

"It has been an important and remarkable year for the company," said CEO Gordon McGilton. "We continue to reap the rewards of restructuring efforts begun in 2003 to become a high-volume assembly-line manufacturer with the capacity to produce the world's best protected vehicles in the numbers needed."

"Built on the foundation of partnerships with other leading defense contractors such as General Dynamics Land Systems, BAE Systems, and Armor Holdings, and the exponential expansion of our workforce and manufacturing infrastructure, Force Protection is positioned to meet the increasing demands for our blast protection technology as never before," said Chairman Frank Kavanaugh.

Force Protection's workforce has increased to more than 700, up from 300 in January 2005. The company delivered more than 50 vehicles in December 2006 alone, a 300% increase from December 2005.

"Our records show that we produced more vehicles last month than in all of 2003 and 2004 combined," added McGilton.

Total contract awards for the year have also multiplied, due in large part to a $214 million contract award from the Marine Corps Systems Command for approximately 280 Cougar Joint Explosive Ordnance Disposal (EOD) Rapid Response Vehicles (JERRV) and Buffalo mine-protected clearance vehicles announced November 10, 2006.

Force Protection received a $180 million Foreign Military Sales contract from the U.S. Army Tank-automotive and Armaments Command to manufacture 378 Iraqi Light Armored Vehicles (ILAVs). Force Protection is acting as subcontractor, with BAE Systems as prime contractor on the award announced June 5, 2006.

The company also marked expansion into the international defense market during 2006, with a $63 million dollar contract award from the British Ministry of Defense (MOD) for more than 85 specially designed Cougars, known by the British military as Mastiff Protected Patrol Vehicles (Mastiff PPV). The first round of Mastiff PPVs were presented to the MOD ahead of schedule on November 16, 2006.

In December 2006, Force Protection and General Dynamics announced a joint venture company, Force Dynamics, which was formed to compete for the Mine Resistant Ambush Protected (MRAP) vehicle program managed by the U.S. Marine Corps. The MRAP competitive action for the first year's estimated requirement of 4,100 vehicles has an approximate value of $2 billion.

The company has continued to expand its integrated logistics support (ILS) department and anticipates that this will be a further source of revenue in 2007. ILS is responsible for order fulfillment on spare parts, contract services and maintenance and training, as well as the deployment of Force Protection field service representatives. ILS revenues are expected to exceed $42 million for 2006.

"By every measure, Force Protection is fulfilling its commitment to do all that is necessary to get these life-saving vehicles to those who need them most," noted McGilton. "From the military to the media to the federal government, our vehicles are recognized as a proven solution to the threat of improvised explosive devices, land mines, and road side bombs. No other vehicle lines match those of Force Protection for troop safety. It is because of their performance in the field that the company continues to experience such phenomenal growth."

"We look forward to continuing this vital work for our customers in 2007," said Kavanaugh. "We are also excited at the opportunities to expand our business model and provide the best possible return for our shareholders."

About Force Protection

Force Protection, Inc. manufactures ballistic- and mine-protected vehicles through its wholly owned subsidiary. These specialty vehicles are protected against landmines, hostile fire, and Improvised Explosive Devices (IEDs, commonly referred to as roadside bombs). Force Protection's mine and ballistic protection technologies are among the most advanced in the world. The vehicles are manufactured outside Charleston, S.C.

For more information on Force Protection and its vehicles, go to www.forceprotection.net.

This release contains forward-looking statements, including, without limitation, statements concerning our business, future plans and objectives and the performance of our products. These forward-looking statements involve certain risks and uncertainties ultimately may not prove to be accurate. Actual results and future events could differ materially from those anticipated in such statements. The company cautions that these forward looking statements are further qualified by factors including, but not limited to, those set forth in the company's Form 10-KSB filing and other filings with the United States Securities and Exchange Commission (available at http://www.sec.gov) and the company's public statements. The company undertakes no obligation to publicly update or revise any statements in this release, whether as a result of new information, future events or otherwise, except as required by law.

SOURCE: Force Protection, Inc.

Policy Impact Strategic Communications
Media:
Jeff Child, 202-737-5339
jchild*policyimpact.com
or
Force Protection, Inc.
Investor Relations, 843-740-7015
investorrelations*forceprotection.net

Copyright Business Wire 2007
 
Posted by Repoman75 on :
 
Nice... Jo, you're fast on the trigger...
 
Posted by Repoman75 on :
 
Gapping.. hope we take and hold $18.25+ today.
 
Posted by Jo4321 on :
 
quote:
Jo, you're fast on the trigger...
Not fast enough to flip at $17.90 and rebuy here at $17.58.
[Frown]
 
Posted by Mortimer on :
 
You know what tomorrow is....TGIFRPTF!!! (Thank God It's FRPT Friday) LOL.

Glad it held 18 today. Haven't heard from Chart lately, maybe he's gone fishing?
 
Posted by Repoman75 on :
 
Yahoo created a message board for FRPT... NEVER ever has Yahoo created a MB for an OTC stock... could NAS be closer than we think???
 
Posted by Jo4321 on :
 
Unfortunately, Repo, that board sucks.

Lots of bashers. I need to stay away from there! [Smile]

Jo
 
Posted by bomber on :
 
just bought 300 shares at$18,i hope i did the correct thing.i love there product.any other stocks that are similiar to this as far as growth.
 
Posted by Repoman75 on :
 
Guaranteed 50% return in 3-6 months.
 
Posted by Jo4321 on :
 
Not a typical FRPT Friday so far. [Frown]
 
Posted by Repoman75 on :
 
As long as we consolidate above $17.50 until news or NAS, I'll be happy... allow the T/A to catch up again.
 
Posted by glassman on :
 
quote:
Originally posted by Repoman75:
Guaranteed 50% return in 3-6 months.

repo? you sound like Rufufu now [Razz]
 
Posted by dollar13 on :
 
Hey REPO DKAM still kicking A$$$ ...FRPT kind of slow lately but with NEWS it will hit the $20 mark IMO.


stick with your plan [Big Grin] [Big Grin] [Big Grin]
 
Posted by Repoman75 on :
 
quote:
Originally posted by glassman:
quote:
Originally posted by Repoman75:
Guaranteed 50% return in 3-6 months.

repo? you sound like Rufufu now [Razz]
This post, not even worthy of a response. Go back to the zombies.
 
Posted by glassman on :
 
quote:
Originally posted by Repoman75:
quote:
Originally posted by glassman:
quote:
Originally posted by Repoman75:
Guaranteed 50% return in 3-6 months.

repo? you sound like Rufufu now [Razz]
This post, not even worthy of a response. Go back to the zombies.
LOL... you did respond tho...

guaranteed is a pretty strong word repo... some might think you are a pumper...

i think it's a stupid thing to say, myself....

i do check regularly for dilution, and i do worry that they will need to raise some more cash if they get HUGE contracts....
 
Posted by Repoman75 on :
 
Dilution is good for growth when they are expecting BILLIONS in contracts...

Oh, did Rufus ever find his bonds? Maybe he should check "lost and found".
 
Posted by Repoman75 on :
 
Katie Couric mentions Cougars!!! The "out of the closet party" is just about to begin...

http://www.cbsnews.com/sections/i_video/main500251.shtml?id=2339381n&channel=eve ningnews
 
Posted by Jo4321 on :
 
Cool! Looks like we've got a little gapper this morning.

That Katie, in that video she talks about people dying with a smile on her face. Reminds me of that song Dirty Laundry. "...She can tell you bout the plane crash with a gleam in her eye..."

Jo
 
Posted by Lockman on :
 
Ya, Katie spent the whole interview trying to get the general to bash Bush. All he kept asking for was more money to buy Cougars. Ha
 
Posted by Jo4321 on :
 
Here we go, EOD rally. Could contract news be coming? Or perhaps the NAZ news?

Where's my buddy, Repo?

Jo
 
Posted by Jo4321 on :
 
Article in Baltimore Sun!

http://www.baltimoresun.com/news/nationworld/iraq/bal-te.armor10jan10,0,2049191. story?coll=bal-nationworld-headlines

Jo
 
Posted by Jo4321 on :
 
NAZ NEWS!

http://www.forbes.com/2007/01/10/military-armored-vehicles-biz-washington-cz_ms_ 0110nasdaq.html?partner=yahootix
 
Posted by Jo4321 on :
 
Military Truck Maker Gets A Boost
Matthew Swibel, 01.10.07, 10:15 AM ET


WASHINGTON, D.C. - Force Protection Industries, maker of ballistic- and mine-protected vehicles used by the U.S. military, plans to list on the Nasdaq Stock Market on Jan. 18, giving it better credibility from its current place trading in the pink sheets, and better chances of raising capital to fuel continued sales growth.

The company delivered more than 50 vehicles in December 2006 alone, a 300% increase from December 2005. Not a single serviceman has been killed riding in its 23-ton Buffalo vehicle or its 17-ton Cougar vehicle. (See " Armor's Next Target?")

Whatever the criticism of President George W. Bush's plan for a troop build-up in Iraq by some Democrats, such as Sen. Russell Feingold of Wisconsin and Sen. Harry Reid of Nevada, Force Protection (other-otc: FRPT - news - people ) sees plenty of opportunity in the military's procurement plans for Iraq-style warfare. Last month, it announced a joint venture with General Dynamics (nyse: GD - news - people ) to compete for the Mine Resistant Ambush Protected vehicle program managed by the U.S. Marine Corps. The service plans to spend at least $2 billion for 4,100 vehicles.

Once the contract is awarded, production could begin as early as April or May--as much as three months ahead of schedule. "The intent is to try and get a fairly large number of these fairly quickly," Delores Etter, the Navy's chief acquisition official, told Defense Daily, a military journal. "These are what the commanders would like to be using in Iraq right now."

Trucks are also due for major boosts in the Pentagon's recent $100 billion supplemental funding breakdown, with $1.2 billion partitioned for the service's Family of Heavy Tactical Vehicles and $1.67 billion for the Family of Medium Tactical Vehicles. Another $1 billion is set aside for Humvees, while $500 million will be requested for the Mine-Resistant Armor-Protected Vehicle.

Over-the-counter shares of Force Protection inched 1.75% higher yesterday to $17.90, up from less than a buck a year ago.
 
Posted by Jo4321 on :
 
FRPT hit another new 52-week high today. Where's the excitement? Where's Repo? Hope he wasn't banned again!

Jo
 
Posted by cactus33 on :
 
he's probably repo'ing someones stuff, lol.. busy working..

this stock is awesome.

yea, hope he wasnt banned either.
I need to make alot of money this year, lol
 
Posted by Repoman75 on :
 
I'm here.. barely...

Listen to GW tonight... and watch us hit $20 by Friday.

That is all.
 
Posted by Jo4321 on :
 
Hmmm, $20.00 was my sell point for my original shares. (well, first it was $5.00, then it was $7.00, then it was $12.00....)

The old plan your trade and trade your plan might have to be broken.

Jo
 
Posted by Stefan on :
 
IT'S ABOUT TIME!!!

Force Protection, Inc. Announces Move to NASDAQ Capital Market
Wednesday January 10, 7:42 pm ET

LADSON, S.C.--(BUSINESS WIRE)--Force Protection, Inc. today announced that it has been approved to list its securities on the NASDAQ Capital Market. The armored vehicle manufacturer will retain its FRPT trading symbol. The Company's NASDAQ listing will be effective and commemorated by Force Protection at an Opening Bell Ceremony in New York City on January 18, 2007.

"We are extremely excited about this move," said Force Protection CEO Gordon McGilton. "The NASDAQ listing is the result of our on-going efforts to provide what we believe will be a more stable investment opportunity in our Company."

Force Protection, which has traded on the Over the Counter Bulletin Board since 2003, has experienced substantial corporate growth in the past year. Partnering agreements with other leading defense industry manufacturers such as Armor Holdings and BAE Systems, as well as a recently announced joint venture company with General Dynamics Land Systems, have been made to merge Force Protection's proprietary designs with the manufacturing capacity necessary to meet increasing demand.

Shareholders do not need to take any action as a result of the NASDAQ Capital Market listing. Company stock certificates will remain valid.

Force Protection's Buffalo and Cougar mine-protected vehicles have been deployed with U.S. and Allied forces since 2003.
 
Posted by Jo4321 on :
 
So which of you other Pennsylvanians want to drive to NYC next Thursday? [Smile]

Jo
 
Posted by NEL on :
 
NASDAQ! I think this warrants a new topic headline!!!
 
Posted by cactus33 on :
 
this stock is incredible, best pick i have ever seen at allstocks.. freakin great job repo.. you stood by this the whole time.

jmho
 
Posted by Jo4321 on :
 
A new headline would be okay if it could be changed, but not a new thread. This thread feels like home.

Jo
 
Posted by moose5150 on :
 
JO

I'm new here.My first investment was frpt followed by dkam. Really appreciate all the advise from everyone. Still have ALOT to learn but willing.

Anyways, I'm here in Md....So a trip to NYC could be in order!!!

Mark
 
Posted by Repoman75 on :
 
Just got back from my local BMW dealer... looking at a nice 550i... told him that if all comes together, I'll be paying with cash in a few months.

C'mon FRPT, hit $30!
 
Posted by Repoman75 on :
 
Huuuuuuge gapper this morning.. bid was up to 19.50
 
Posted by Jo4321 on :
 
[Smile]  -
 
Posted by Golf57 on :
 
Repoman75- Hey, is DCAM suppose to be a symbol?
 
Posted by Repoman75 on :
 
DKAM is the other stock I like... Trump Vodka!
 
Posted by Repoman75 on :
 
StockMarketNewsAlert.com Issues New Trade Alert for Force Protection, Inc.

StockMarketNewsAlert.com Issues New Trade Alert for Force Protection, Inc.


2007-01-11 10:26 ET - News Release

BOCA RATON, Fla., Jan. 11, 2007 (PRIME NEWSWIRE) -- StockMarketNewsAlert.com issues New Trade Alert for Force Protection, Inc. (OTCBB:FRPT). According to M. D'Alonzo at First Equity Group Inc., recent news flow from the company has been very positive, "The company announced that it has been approved to list its securities on the NASDAQ Capital Market. The armored vehicle manufacturer will retain its FRPT trading symbol. The Company's NASDAQ listing will be effective and commemorated by Force Protection at an Opening Bell Ceremony in New York City on January 18, 2007."

"We are extremely excited about this move," said Force Protection CEO Gordon McGilton. "The NASDAQ listing is the result of our on-going efforts to provide what we believe will be a more stable investment opportunity in our Company."

Force Protection, which has traded on the Over the Counter Bulletin Board since 2003, has experienced substantial corporate growth in the past year. Partnering agreements with other leading defense industry manufacturers such as Armor Holdings and BAE Systems, as well as a recently announced joint venture company with General Dynamics Land Systems, have been made to merge Force Protection's proprietary designs with the manufacturing capacity necessary to meet increasing demand.

Shareholders do not need to take any action as a result of the NASDAQ Capital Market listing. Company stock certificates will remain valid.

Force Protection's Buffalo and Cougar mine-protected vehicles have been deployed with U.S. and Allied forces since 2003.
 
Posted by Jo4321 on :
 
$20.00!!!

[Smile]
 
Posted by Repoman75 on :
 
UPDATE 1-RESEARCH ALERT-Citigroup ups targets on defense firms
FRPT not mentioned.. yet... but look at SBSH.. on the bid buying all day.

Jan 11 (Reuters) - Citigroup raised its price targets on aerospace and defense companies, including Boeing Co. (BA.N: Quote, Profile , Research) and General Dynamics Corp. (GD.N: Quote, Profile , Research).

Defense companies will again have strong earnings growth this quarter, the brokerage said in a research note.
 
Posted by Repoman75 on :
 
...(MRAP) vehicles; demand from the US armed forces has been so high that ...

With annual sales of $10 million in 2004, Force Protection Inc of South Carolina was doing fine; but in 2005 sales shot up to $49.7 million and the 2006 figure is expected to reach $180 million.

The eighteen-fold increase in sales in two years was down to the company's developing proprietary designs of Mine Resistant Ambush Protection (MRAP) vehicles; demand from the US armed forces has been so high that it has not been able to build them fast enough and has even had problems buying enough of the appropriate steel. To solve its problems, FPI is joining forces with the defence giant General Dynamics to bid for an initial $770 million contract from the US marine corps; as a result, the corps is expected to spend several billion dollars in acquiring new equipment over the next few years.

The main source of these developments is the enduring problem of roadside bombs in Iraq and Afghanistan. In effect, crude but clever devices produced from redundant ammunition in back-street workshops and costing a few dollars to make are creating a multi-billion dollar market for American arms companies.

The other side

Diyala, Haifa Street and Force Protection Inc all, in their different ways, illuminate the problems that the Bush administration now faces, primarily in Iraq but increasingly in Afghanistan:

Diyala is a specific reminder of the consistent failure to train Iraqi forces that, from an American perspective, are reliable
Haifa Street means that the US forces are now going to be engaging much more in precisely the form of urban counter-guerrilla combat that they sought to avoid in the first weeks of the war (March-April 2003)
the Force Protection deal is a formidable reminder of how the world's most powerful military is being held down by crude and very low-cost forms of asymmetric warfare.
http://www.opendemocracy.net/conflict/bush_surge_4239.jsp
 
Posted by dollar13 on :
 
WOW going to NASDAQ [Cool]
 
Posted by Jo4321 on :
 
Wow! Strong close!

Jo
 
Posted by Repoman75 on :
 
Another gapper tomorrow.. and markets are closed Monday... should be nice.
 
Posted by cactus33 on :
 
energizer bunny.. it just keeps going and going..
 
Posted by Stefan on :
 
Another contract...

Force Protection Industries Inc., Ladson, S.C., is being awarded an estimated $9,379,370 indefinite-delivery/indefinite-quantity contract for 15 Joint Explosive Ordnance Disposal Rapid Response Vehicles (JERRV) with associated manuals, deployment kits, and training. Vehicles will be deployed to and supported in Iraq. Work will be preformed in Iraq, and work is expected to be completed April 2008. Contract funds will not expire by the end of the current fiscal year. This contract is a sole source award based on an urgent and compelling need for the government. The Marine Corps Systems Command, Quantico, Va., is the contracting activity (M67854-07-D-5015).
 
Posted by Jo4321 on :
 
New coverage, Suntrust Capital markets:

https://www.suntrustrh.com/EquityRsrch/disclosure.asp?ticker=FRPT

quote:
Rating and Price Target History (FRPT)
Date Rating Target Closing
1/11/2007 Buy $31.00


 
Posted by Jo4321 on :
 
Force Protection mentioned in this CNBC video. Not necessarily all positive for FRPT.

http://www.cnbc.com/id/15840232?video=163889565&play=1
 
Posted by Jo4321 on :
 
The company is certainly getting noticed now. New mentions all over the place.

http://www.wcbd.com/midatlantic/cbd/news.apx.-content-articles-CBD-2007-01-11-00 11.html

Local Companies Protecting Our Troops
Thursday, Jan 11, 2007 - 06:13 PM

Corey Broman-Fulks
Send e-mail

Count on 2 News

Two local companies are doing their part to protect our troops fighting overseas. One of which is Force Protection in Ladson. They build large trucks which can withstand bullets, roadside bombs and improvised explosive devices or IEDs.
Wayne Phillips is a retired marine colonel now working for force protection.
"There's nothing better out there that protects our marines and soldiers than this," he says.
The company builds several types of trucks; among them are the Buffalo, which is the biggest, the Cougar, which is more agile, and a new prototype called the Cheetah, which is the smallest, just bigger than a Chevy Tahoe.
Each vehicle is several feet off the ground which is much higher than a humvee. Also, the hull of the trucks is made into a v-shapewhich allows the force of a bomb detonation to go around the truck.
"It's pretty impressive the beating they can take," Phillips says. "It shakes the marines and soldiers up inside, but it does a pretty good job of saving their lives."
Everything about the truck is designed to keep our troops safe, from the frame to tires and the glass. Phillips says there's a Buffalo in Iraq which has been hit by an IED 60 times, and after some minor repairs, it's still on the road.
"We have wonderful stories from moms and dads and soldiers and marines almost daily letters thanking the people who work here for saving their lives," says Phillips.
Also,Spawar in North Charleston builds an IED jammer. They're placed in humvees and send out a signal that stops IED's from exploding.
As for Phillips, he says he still has friends in Iraq and hopes they're riding in his trucks.
Right now,Force Protection can build about 40 trucks a month at their plant in Ladson. But, they are teaming with another company,General Dynamics, in hopes of building several hundred a month around the country.
 
Posted by Repoman75 on :
 
quote:
Originally posted by Jo4321:
Force Protection mentioned in this CNBC video. Not necessarily all positive for FRPT.

http://www.cnbc.com/id/15840232?video=163889565&play=1

I am just dreading the day when Cramer takes notice... that SOB will, I think, put out bad press on FRPT in order to buy in low.

I don't trust any of these talking heads or their stations.
 
Posted by Repoman75 on :
 
Nice article in The Post and Currier

Force Protection gets Nasdaq listing Ladson company builds armored vehicles for U.S., British military
Friday, January 12, 2007

Following closely on a year of spectacular growth and soaring stock market gains, Force Protection Inc.'s shares are poised to make their debut next week on the Nasdaq Stock Market.

The Ladson-based maker of armored military vehicles said Wednesday it has received approval of its application to list its stock on Nasdaq, where it will be included in the Nasdaq Capital Markets index.

Gordon McGilton, Force Protection chief executive, said in a statement that the company is "excited about this move."

"The Nasdaq listing is the result of our ongoing efforts to provide what we believe will be a more stable investment opportunity in our company," he said.

Previously, Force Protection's shares were listed on the Over-the-Counter Bulletin Board, a price quotation servic eoperated by Nasdaq for companies that are traded by a limited number of investment firms. About 3,400 stocks are listed there. Last month, Force Protection was No. 1 among those stocks ranked by the dollar value of shares traded, averaging $20.5 million worth of shares changing hands per day.

Despite the Bulletin Board's secondary status as a stock market, Force Protection last year managed to post one of the biggest percentage gains of any stock in the United States. Its share price skyrocketed from 78 cents on the last trading day of 2005 to $17.41 at the end of 2006, a 2,318 percent jump.

Its stock closed Thursday at $19.98, up $1.36, or 7.3 percent, following the announcement of the Nasdaq listing.

With that increase and a near-doubling in the last year of the number of shares of its stock available for trading, the company's market capitalization, the total value of all of its shares, now tops $1.3 billion, making it the Lowcountry's biggest public company by that measure.

The company's operations also have expanded at a rapid clip as orders for its blast-protected vehicles pour in. Employment has more than doubled from about 325 at the end of 2005 to about 750 today.

Those workers are turning out more than 40 of the company's Buffalo, Cougar and Mastiff vehicles per month, another big jump from the 10 vehicles it produced in all of 2004.

That growth didn't occur without a couple of bumps along the way. In August, Force Protection agreed to pay $1.8 million to settle a lawsuit brought by two former employees alleging that it delivered defective vehicles to the U.S. military and fired them for complaining. The company denied wrongdoing but agreed to the settlement over an accounting technicality.

And in December, Force Protection said a review of its past financial statements turned up items related to stock compensation of executives that would require it to restate some of its past financial filings. It provided no timetable for when it would finish making the restatements, which it said it expected to amount to no more than $3.75 million.

Force Protection's vehicles have been used by U.S. and British troops in Iraq and Afghanistan since July 2003.

"The main thing it will enable us to do is build more trucks and save more lives," spokesman Tommy Pruitt, said of the listing.
 
Posted by Repoman75 on :
 
MORE GOOD NEWS COMING
I was watching the Discovery channel yesterday when they gave the previews
of some up coming shows. Next Tuesday at 9.00 pm Discovery Channel will be
putting on a documentary about the new vehicles the military is buying to
save lives in Iraq. They didn't mention FRPT by name but you know what
vehicles they are talking about. They put this on TV tuesday night and then we
go to the Nasdaq on thursday,could you ask for a better scenario.I'm sure the
people in Congress will here about this and nobody is going to vote against
saving military lives.Democrat or Republican Up we go!!!! Sorry shorts.
 
Posted by Repoman75 on :
 
Better than friggin' MSFT.
 
Posted by Jo4321 on :
 
Too bad I'm too cheap to pay for cable. You'll keep us posted on the Discovery Channel show, right?

Jo
 
Posted by Repoman75 on :
 
quote:
Originally posted by Jo4321:
Too bad I'm too cheap to pay for cable. You'll keep us posted on the Discovery Channel show, right?

Jo

Yeah, I have to go home and set my DVR!
 
Posted by Repoman75 on :
 
quote:
Originally posted by Jo4321:
Too bad I'm too cheap to pay for cable. You'll keep us posted on the Discovery Channel show, right?

Jo

And wait a minute, how does someone live without cable in the 21st century????
 
Posted by Jo4321 on :
 
I do have basic cable just to get the signal: 13 Whole Channels!!

JO
 
Posted by Repoman75 on :
 
quote:
Originally posted by Jo4321:
I do have basic cable just to get the signal: 13 Whole Channels!!

JO

Ohh... ok.
 
Posted by Repoman75 on :
 
Gapping already... $21 today?
 
Posted by Repoman75 on :
 
Spare Parts, Services, and Upgrade Kits (SunTrust Report)

In 2006, FPRT projected it would generate $42 million in revenue through its Integrated Logistics Support (ILS) business which is responsible for order fulfillment on spare parts, contract services and maintenance and training, and the deployment of field service representatives. As FRPT production rates increase, the ILS business should see strong growth since it is somewhat tied to the cumulative number of vehicles in use. Going forward, we forecast the ILS business will grow from $42 million in 2006 to $77 million in 2007 to more than $200 million in 2008. Our estimates do not include the potential impact of upgrade kits.As mentioned, the sophistication of the explosives used in IEDs continues to increase with more and more IEDs making use of shaped charges that are extremely effective at penetrating armor (shaped charges are used in anti-tank missiles, for example). As such, we see a strong opportunity for FRPT to use its expertise in blast mitigation technologies to develop and sell armor upgrade kits for its vehicles to more effectively counter the increasing sophistication of IEDs. Although we do not yet know what pricing could be for these kits, we note that the military has invested hundreds of millions of dollars for armor kits for Humvees, FMTVs, and heavy tactical trucks. We would not be surprised to see these kits generate $50 million to $100 million in revenue over the next two years.
 
Posted by Repoman75 on :
 
Another snippet from the Suntrust report
This report is the best I've seen to date on the company by some distance. Kudos to the analyst.

Intellectual Property Portfolio

The key to the success of FRPT’s vehicles is based on a strong intellectual property portfolio that includes exclusive licenses of certain South African vehicle designs and a growing organic capability to design, develop, test, and produce technologies for blast mitigation. FRPT’s foundation was built on the exclusive license for the Buffalo and Cougar vehicle designs from a South African company called Mechem, a company that has been developing blast resistant vehicles since the early 70s. Although much of the performance parameters are classified, the use of V-shaped hulls, layered armor, and other vehicle design characteristics account for the success of the Buffalo and Cougar in the field. On September 29th, FRPT announced an exclusive 5-year extension for the use of Mechem’s patents. In addition to the Mechem technologies, FRPT has also begun building its own portfolio of proprietary technologies. The most important organic FRPT development is the Cheetah vehicle design. Using the experience gained in building the Buffalo and Cougar, FRPT designed Cheetah to be a lighter, more mobile blast resistant vehicle for reconnaissance, forward command and control, and urban operations. Including MRAP, JLTV, and sales to allied militaries, we believe the market opportunity for the Cheetah is quite substantial, likely measured in the tens of billions of dollars. Two other technologies in particular appear to be very promising. The first is a design for a blast resistant wheel that channels blast energy more effectively than conventional wheels. The second is a new armor concept that could be incorporated into the company’s armor upgrade kits. With substantial increases expected in vehicle production and revenue generation, we believe FRPT will continue to invest in its R&D engine to remain at the forefront of blast mitigation technology development.
 
Posted by Repoman75 on :
 
$20.25 premarket fills
 
Posted by Jo4321 on :
 
A girl could get used to this!
 
Posted by Repoman75 on :
 
Including MRAP, JLTV, and sales to allied militaries, we believe the market opportunity for the Cheetah is quite substantial, likely measured in the tens of billions of dollars.
 
Posted by Repoman75 on :
 
$21.
 
Posted by a surfer on :
 
LOL Just saw the good news... way to go!!!
 
Posted by Jo4321 on :
 
I can't take my eyes off the ticker!

Jo
 
Posted by Repoman75 on :
 
Its on autopilot to $25.
 
Posted by minkybodl on :
 
Repo check out the euro delivery program with BMW, I did it in 88 saved 10% on a M3, you pick up your car in Munich, they pay Reg.,Ins., give you full tank of gas, and a meal before you leave, then you drop car off at any dealer over there and they ship it to your US dealer. They dont advertise it here, you have to ask about it. 10% savings made for a nice free Vac.

Thanks for tip on frpt, I only got 100 shares at 11.20 but they look good now.
 
Posted by Repoman75 on :
 
quote:
Originally posted by minkybodl:
Repo check out the euro delivery program with BMW, I did it in 88 saved 10% on a M3, you pick up your car in Munich, they pay Reg.,Ins., give you full tank of gas, and a meal before you leave, then you drop car off at any dealer over there and they ship it to your US dealer. They dont advertise it here, you have to ask about it. 10% savings made for a nice free Vac.

Thanks for tip on frpt, I only got 100 shares at 11.20 but they look good now.


Wbere do I find about this? Got a link? Is the car any different since its a European version?
 
Posted by Repoman75 on :
 
http://www.thestreet.com/_yahoo/newsanalysis/general/10332262.html?cm_ven=YAHOO& amp;cm_cat=FREE&cm_ite=NA

Huge write up on FRPT.
 
Posted by Ace of Spades on :
 
Anyone have a time machine...I just need a few shares under a buck...... [Big Grin]
 
Posted by Jo4321 on :
 
LOL on the time machine. I'd even settle for just getting the ones I sold for $14-something back.

Are we filling the gap now? Pretty big drop from 21.89.

Jo
 
Posted by Repoman75 on :
 
FRPT mentioned again as a play for '07.

http://money.cnn.com/2007/01/12/news/companies/birger_surge.fortune/index.htm?so urce=yahoo_quote
 
Posted by Jo4321 on :
 
Yeah but the author states in that article:

quote:
The problem is that expectations of a surge are already built into their stock prices. Armor and DHS are up 20% since November, for example. Force Protection is up 100%. The easy money has already been made.
Doesn't he consider a stock currently less than $22 that has a $31.00 target easy money?

One thing's for sure though, the word is definitely out about FRPT. I just hope we don't have Cramer mentioning it soon in a negative light in any way.

Jo
 
Posted by minkybodl on :
 
Wbere do I find about this? Got a link? Is the car any different since its a European version?

Ask the BMW dealer, and its a USA model you pick up there that they ship for you here, no cost.
 
Posted by Ace of Spades on :
 
FRPT is a no-brainer...not sure about long term, but who cares...just look at the RSI on the intraday chart and flip the living daylights of this motha f-er
 
Posted by a surfer on :
 
quote:
Originally posted by Repoman75:
quote:
Originally posted by minkybodl:
Repo check out the euro delivery program with BMW, I did it in 88 saved 10% on a M3, you pick up your car in Munich, they pay Reg.,Ins., give you full tank of gas, and a meal before you leave, then you drop car off at any dealer over there and they ship it to your US dealer. They dont advertise it here, you have to ask about it. 10% savings made for a nice free Vac.

Thanks for tip on frpt, I only got 100 shares at 11.20 but they look good now.


Wbere do I find about this? Got a link? Is the car any different since its a European version?
Just go buy one !!!

just got my wife an X5. had 5000 miles on it saved 9g
 
Posted by Ace of Spades on :
 
Good DD traders....Heres another article in Forbes

http://www.forbes.com/business/2007/01/10/military-armored-vehicles-biz-washingt on-cz_ms_0110nasdaq.html?partner=rss

Military Truck Maker Gets A Boost
Matthew Swibel, 01.10.07, 10:15 AM ET

By This Author

Matthew Swibel

WASHINGTON, D.C. - Force Protection Industries, maker of ballistic- and mine-protected vehicles used by the U.S. military, plans to list on the Nasdaq Stock Market on Jan. 18, giving it better credibility from its current place trading in the pink sheets, and better chances of raising capital to fuel continued sales growth.

The company delivered more than 50 vehicles in December 2006 alone, a 300% increase from December 2005. Not a single serviceman has been killed riding in its 17-ton Cougar vehicle. (See " Armor's Next Target?")

Whatever the criticism of President George W. Bush's plan for a troop build-up in Iraq by some Democrats, such as Sen. Russell Feingold of Wisconsin and Sen. Harry Reid of Nevada, Force Protection (other-otc: FRPT - news - people ) sees plenty of opportunity in the military's procurement plans for Iraq-style warfare. Last month, it announced a joint venture with General Dynamics (nyse: GD - news - people ) to compete for the Mine Resistant Ambush Protected vehicle program managed by the U.S. Marine Corps. The service plans to spend at least $2 billion for 4,100 vehicles.

Once the contract is awarded, production could begin as early as April or May--as much as three months ahead of schedule. "The intent is to try and get a fairly large number of these fairly quickly," Delores Etter, the Navy's chief acquisition official, told Defense Daily, a military journal. "These are what the commanders would like to be using in Iraq right now."

Trucks are also due for major boosts in the Pentagon's recent $100 billion supplemental funding breakdown, with $1.2 billion partitioned for the service's Family of Heavy Tactical Vehicles and $1.67 billion for the Family of Medium Tactical Vehicles. Another $1 billion is set aside for Humvees, while $500 million will be requested for the Mine-Resistant Armor-Protected Vehicle.

Over-the-counter shares of Force Protection inched 1.75% higher yesterday to $17.90, up from less than a buck a year ago.
 
Posted by Jo4321 on :
 
quote:
Current time 4:03:03 PM ET. Market will open in 89 hours 27 mins.

Man, this is going to be a loooong weekend. Bet FRPT is going to be thoroughly discussed. Get ready for the good, the bad and the ugly.

Jo
 
Posted by Repoman75 on :
 
Yep... but still how bad can it get?? Back to $20?? Haha.
 
Posted by Jo4321 on :
 
Defense Industry Daily
http://www.defenseindustrydaily.com/trucks_transport/index.php

15 More Cougars Headed for Iraq on "Urgent & Compelling Need"

Posted 12-Jan-2007 04:16 | Permanent Link
Related stories: Americas - USA, Contracts - Awards, Forces - Marines, Middle East - Other, Other Corporation, Support & Maintenance, Trucks & Transport

Cougar-H JERRV
(click for full size)Force Protection Industries Inc. in Ladson, SC received an estimated $9.4 million indefinite-delivery/ indefinite-quantity contract for 15 Joint Explosive Ordnance Disposal Rapid Response Vehicles (JERRV, aka. Cougar) with associated manuals, deployment kits, and training. The V-hulled, blast-resistant vehicles will be deployed to and supported in Iraq.

Work will be preformed in Iraq, and is expected to be complete April 2008. "This contract is a sole source award based on an urgent and compelling need for the government." The Marine Corps Systems Command in Quantico, VA issued the contract (M67854-07-D-5015).
 
Posted by Jo4321 on :
 
Bookmark this link for Thursday evening.

http://www.nasdaq.com/reference/marketsite_events.stm
 
Posted by RagingBull on :
 
I joined the repo plan and I gained alot of weight in my wallet
 
Posted by Repoman75 on :
 
quote:
Originally posted by a surfer:
quote:
Originally posted by Repoman75:
quote:
Originally posted by minkybodl:
Repo check out the euro delivery program with BMW, I did it in 88 saved 10% on a M3, you pick up your car in Munich, they pay Reg.,Ins., give you full tank of gas, and a meal before you leave, then you drop car off at any dealer over there and they ship it to your US dealer. They dont advertise it here, you have to ask about it. 10% savings made for a nice free Vac.

Thanks for tip on frpt, I only got 100 shares at 11.20 but they look good now.


Wbere do I find about this? Got a link? Is the car any different since its a European version?
Just go buy one !!!

just got my wife an X5. had 5000 miles on it saved 9g

$30 gets my new 550xi... NEW. 2007. I think I would do that Germany thing. They give a $3000 discount, and ship it to the US. So the $3000 pays for your trip to Germany and them some. Not a bad deal if you ask me. Plus, you get to speed on the Autobahn.
 
Posted by Repoman75 on :
 
quote:
Originally posted by JL:
i WISH i could short this stock. Id be rich in 3-6 months months when its back under $10.00. FRPT is probably the most overvalued stocks in the OTC at nearly $1 Billion Market Cap.

Where is this "winner"??
 
Posted by Ace of Spades on :
 
Crying to his Mommy...Or on a ledge ready to jump [Big Grin]
 
Posted by Jo4321 on :
 
MarketWatch
Friday's biggest stock gainers and decliners

http://biz.yahoo.com/cbsm/070112/712636400dd6492e8443f0c30715ea1e.html?.v=3
 
Posted by Jo4321 on :
 
https://www.suntrustrh.com/Pdf/DailyBriefing.pdf

quote:

Summary of Morning Meeting Comments - January 12, 2007

For complete details of morning meeting presentations, together with histories of recommendations and important disclosures, please refer to current research notes on the subject company.

FRPT - Force Protection Inc., $19.98, Rated B
Chris Donaghey, 404.926.5252

• We are initiating coverage of Ladson, SC-based Force Protection, Inc. with a Buy rating. FRPT is an emerging leader in the category of mine-resistant, ambush protected (MRAP) vehicles, a category seen by many as a potential game-changing technology in our efforts to defeat insurgents in Iraq and Afghanistan. Funding for MRAP vehicles is gaining significant momentum with an estimated $2 billion allocated in the proposed FY07 military supplemental budgets, and we believe FRPT is best positioned to benefit from this funding.

• Responding to a threat – since the Iraq war began in early 2003, use of improvised explosive devices (IEDs) by insurgents has proven to be extremely effective against U.S. forces. IEDs have accounted for roughly 33% of U.S. fatalities and about one-half the 23,000 wounded in action. The sophistication of these devices is on the rise with the use of new technologies such as shaped explosive charges which are more effective at penetrating armored vehicles. Consequently, the U.S. is investing billions of dollars in developing and fielding technologies to counter the IED threat.

• Although the military has tried many technologies to defeat IEDs, a more brute force approach involving blast-resistant armored vehicles is evolving. In the next few weeks, we expect the U.S. Marine Corps to award a one-year ID/IQ contract for up to 4,100 MRAP vehicles, and we believe FRPT stands to be the most significant beneficiary of this award. Roughly 300 of FRPT’s Buffalo and Cougar vehicles have been delivered to U.S., British, and Iraqi forces, and the performance of these systems has been “outstanding.” We believe FRPT and its partners could capture a substantial percentage of the funding for MRAP vehicles.

• We have based our estimates on the notional production schedule provided in the MRAP RFP which we believe could be conservative. Given the expected troop buildup in Iraq, priority of solving the problem, FRPT’s vehicles proven capabilities, and access to additional production capacity, we believe the production schedule could be accelerated, driving our estimates substantially higher


Okay, so this is the summary of the Suntrust buy rec, but does anyone have a link to the entire report? Snippets have been posted on IV, but I don't know where it came from.

Jo

Edited to add, I've been searching for it and it looks like it might only be available to Suntrust Institutional investors.

https://www.suntrustrh.com/EquityRsrch/RHEO/RHEO_1_6.html
 
Posted by Rhyz on :
 
Finally back on the net after the move to HI. Repo looks like we picked up alot of new players on this. Gratz to all us longs, this will be an interesting week for sure, and I gotta say I am still picking up shares on the dips....gonna be a great year no doubt. Gotta love those $4 shares, and repo I know you loving this brah!! Short what? [Smile]
 
Posted by Jo4321 on :
 
From the Charleston Post and Courier online

http://www.charleston.net/assets/webPages/departmental/news/Stories.aspx?section =businessreview&tableId=126290&pubDate=1/15/2007

January 15, 2006

Analyze this!

Force Protection Inc.'s products draw attention wherever they go, but now its stock is getting attention from brokerage firms' research departments.

Shares of the Ladson-based maker of armored military vehicles were among the top performers on all U.S. stock markets last year, climbing more than 2,300 percent. But the company was widely overlooked by Wall Street.

To be fair, some brokerage houses have rules against writing reports on companies that trade on the OTC Bulletin Board, a lower-tier market that has been Force Protection shares' home throughout the company's existence.

C.E. Unterberg Towbin's James McIlree was the first brokerage analyst to weigh in, issuing a "buy" rating on the company in September, when it was up a mere 960 percent from the end of 2005. His company handled a private placement of stock for Force Protection last year. In October, Dougherty & Co. joined in with another "buy."

On Friday, following Force Protection's announcement that its shares are moving up to Nasdaq, Robinson Humphrey SunTrust analyst Chris Donaghey "initiated coverage" with a buy rating and a price target of $31. That would be a 55 percent gain from Thursday's close - pretty tame compared with 2006's performance.
 
Posted by Golf57 on :
 
Do any of you think that this stock will have a 3 for 1 stock split soon after they get on NASDAQ.
 
Posted by Repoman75 on :
 
quote:
Originally posted by Golf57:
Do any of you think that this stock will have a 3 for 1 stock split soon after they get on NASDAQ.

Maybe 1 or 2 years from now if the contracts keep rolling in, but not in the short term.
 
Posted by Golf57 on :
 
quote:
Originally posted by Repoman75:
quote:
Originally posted by Golf57:
Do any of you think that this stock will have a 3 for 1 stock split soon after they get on NASDAQ.

Maybe 1 or 2 years from now if the contracts keep rolling in, but not in the short term.
repo- and why do say not in the near term ?
 
Posted by Repoman75 on :
 
quote:
Originally posted by Golf57:
quote:
Originally posted by Repoman75:
quote:
Originally posted by Golf57:
Do any of you think that this stock will have a 3 for 1 stock split soon after they get on NASDAQ.

Maybe 1 or 2 years from now if the contracts keep rolling in, but not in the short term.
repo- and why do say not in the near term ?
Because the whole point of a split is too make the stock seem "cheaper" when the price gets too high... too high for me is over $100.. I don't see that happening soon.

Also, Discovery channel, 9pm, TOMORROW. Watch!
 
Posted by Jo4321 on :
 
hitting $22.00 in premarket!

http://biz.yahoo.com/bw/070116/20070116005779.html?.v=1

U.S. Marine Corps Buys Additional Force Protection Vehicles
Tuesday January 16, 8:56 am ET


LADSON, S.C.--(BUSINESS WIRE)--Because of increased capacity to rapidly produce its life-saving vehicles, Force Protection, Inc. (OTCBB:FRPT - News) said today it was able to respond to the U.S. Marine Corps' urgent operational need for 15 of the company's Cougar Joint Explosive Ordnance Disposal Rapid Response Vehicles (JERRV). The contract for the vehicles, spare parts, and sustainment services is worth an approximate $9.4 million. All 15 vehicles will be delivered in January.
ADVERTISEMENT


"We are pleased to be able to respond to this urgent need so quickly," said Force Protection Vice President for Program Management Damon Walsh. "Due to our ramp up efforts that include expanding production lines and improving manufacturing efficiencies, these vehicles are being produced and readied for presentation to the government in the same month the order was received.

"This is indicative of our increased capacity to produce these unmatched blast- and ballistic-protected vehicles with the required speed to support our soldiers in Iraq," he said. "Based on the strategic manufacturing partnerships we have formed recently, that capacity will only continue to expand."

Force Protection's Buffalo and Cougar vehicles have logged more than 1.6 million hours of combat operations in Iraq and Afghanistan since 2003. Known for the unmatched level of troop safety they provide, the Buffalo and Cougar are deployed by all branches of U.S. armed forces.

About Force Protection

Force Protection, Inc. manufactures ballistic- and mine-protected vehicles through its wholly owned subsidiary. These specialty vehicles protect against landmines, hostile fire, and Improvised Explosive Devices (IEDs, commonly referred to as roadside bombs). Force Protection's mine and ballistic protection technologies are among the most advanced in the world. The vehicles are manufactured outside Charleston, S.C.

For more information on Force Protection and its vehicles, go to www.forceprotection.net.

This release contains forward-looking statements, including, without limitation, statements concerning our business, future plans and objectives and the performance of our products. These forward-looking statements involve certain risks and uncertainties that ultimately may not prove to be accurate. Actual results and future events could differ materially from those anticipated in such statements. The company cautions that these forward looking statements are further qualified by factors including, but not limited to, those set forth in the company's Form 10-KSB filing and other filings with the United States Securities and Exchange Commission (available at http://www.sec.gov) and the company's public statements. The company undertakes no obligation to publicly update or revise any statements in this release, whether as a result of new information, future events or otherwise
 
Posted by Repoman75 on :
 
ARMY, MARINE CORPS OUTLINE HUMVEE REPLACEMENT CHARACTERISTICS
Inside the Navy - 08 January 2007
By: Zachary M. Peterson

The Army and Marine Corps late last year issued descriptions of the basic requirements for future types of humvee replacement vehicles and the services want industry to provide information on potential solutions by the end of January.

The Joint Light Tactical Vehicle is not yet a program of record, but it is eventually intended to replace the humvee. The Army and Marine Corps plan to pursue a “family of vehicles” solution that provides light tactical mobility to meet five capability gaps: protection, sustainment, networking, transportability and mobility, according to the notice first issued Dec. 21 and updated Dec. 27. The notice is available at the Army’s Tank and Automotive Command Web site (http://contracting.tacom.army.mil/ssn/jltv.htm). Industry feedback is due no later than Jan. 26, the notice states.

An attachment to the request for information says the Army estimates a required quantity of 38,421 JLTVs through 2020, while the Marine Corps would need about 14,150 JLTVs through 2020.

These quantities could change as JLTV requirements mature and the first vehicles come on line, a Marine Corps source told Inside the Navy Jan. 5. The basic requirements are mature, the source noted, but the services are two-to-three years away from knowing exactly what these vehicles will look like and the exact quantities needed, the source added.

“As a light tactical system, the JLTV will provide defensive measures covering troops while in transport, increase payload capability, maintain configuration management to reduce or improve the logistics footprint, and reduce onerous soldier and Marine workload associated with system operation and field maintenance activities,” the request for information states.

The services plan to begin production of four “increment one” vehicles in fiscal year 2010, the notice says. These vehicles include a Combat Tactical Vehicle (4,000 pounds, six to seven occupants), Utility Vehicle (5,100 pounds, two to four occupants), Command and Control Vehicle (4,000 pounds, two to five occupants) and a Long Range Surveillance (LRS) vehicle (3,500 pounds, four occupants). The Army and U.S. Special Operations Command plan to buy the LRS, but the Marine Corps does not, according to the notice.

Further, the Army plans to buy a larger vehicle called the Ground Maneuver Vehicle (6,100 pounds, two to 11 occupants) in “increment two” beginning in FY-16.

“We want these vehicles as quickly as possible,” the Marine Corps source said.
Right now, the Army and Marine Corps are selecting Mine Resistant Ambush Protected (MRAP) tactical ground vehicles to provide near-term replacements for some of the humvees in Iraq and Afghanistan. Proposals were due Dec. 18, 2006, for MRAP solutions. MRAP is not part of the JLTV program, but is considered a separate initiative.

The Marine Corps divides MRAP vehicles into three categories. Category one is for urban combat operations; category two is a multimission platform for convoy escort, troop transport and combat engineers; and category three is a larger vehicle for mine and improvised explosives clearance operations. Currently, the services plan to purchase vehicles in the first and second categories.

The Marine Corps does not plan to buy more than 1,500 category-one vehicles and 2,600 category-two vehicles, according to the MRAP request for proposals, issued last November. However, funding is not yet available to reach the total requirement of 4,991 vehicles. With 69 MRAP vehicles already procured and the 805 budgeted in the FY-07 supplemental, the Marine Corps remains 4,117 vehicles short of the requirement, according to an internal Marine Corps briefing.

In order to meet the urgent need for the vehicles, the Marine Corps may buy MRAP trucks from multiple contractors, according to the MRAP RFP. Each proposal will be evaluated based on four factors: survivability performance, mobility performance, production readiness and technical management approach, according to the RFP.

An initial MRAP award could come as early as this month, the Marine Corps source noted.

JLTV and MRAP may overlap in the early years of JLTV production, the source said.
 
Posted by Jo4321 on :
 
23.00!!
 
Posted by Repoman75 on :
 
U.S. Seeks Replacement For Humvee Two Years Early


By KRIS OSBORN



The U.S. Army and Marine Corps want to start replacing their Humvees by 2010, two years earlier than previously planned.
The new schedule, approved several weeks ago, calls for a prototype Joint Light Tactical Vehicle (JLTV) in 2008, low-rate initial production and deployment by 2010 and full deployment by 2012, said JLTV program officials with the Army’s Tank-automotive and Armaments Command (TACOM).

Working with the Marines’ Systems Command, TACOM is compiling a Capabilities Development Document that will list “capability gaps” and requirements.

TACOM officials expect to issue a request for proposals by April, decide in November which vehicle models to develop and award development contracts in December.

The U.S. military operates about 160,000 Humvees, officially designated High Mobility Multi-purpose Wheeled Vehicles. Initial orders for the JLTV have not yet been set, TACOM officials said.

At least five industry teams are working on designs, technology and vehicle mock-ups, addressing a TACOM request for information that went out in December.

A key question is: Can the new vehicle be light, mobile and sufficiently armored?

The Navy’s Office of Naval Research (ONR) has been working on technological answers to the question since 2005, and has ordered modeling and simulation aid from AM General, BAE Systems, Cadillac Gage, General Dynamics Land Systems (GDLS) and Oshkosh.
“It’s a challenge,” said ONR engineer Jeff Bradel. “We have aggressive survivability requirements which leads down the path of heavier armor, yet at the same time we need the vehicles to be expeditionary, which means they need to be light enough to fit on helicopters.”
Bradel said ONR is looking at various kinds of composite armor and hybrid propulsion systems, and has asked for $36 million for JLTV development in 2008.

ONR officials say the vehicle will ultimately cost $200,000 to $250,000 apiece.

Among the other goals for the JLTV:
• Weigh under 14,000 pounds.
• Travel at least 65 mph.
• Maximize the use of command, control, communications, computers, intelligence, surveillance suites that are being developed for the Army’s Future Combat Systems.

JLTV officials also want variable ride-height suspension, which will allow the vehicle to ride lower and faster when necessary.

“If you are in an off-road environment faced with the threat of an enemy, you do not want to crawl at 5 miles an hour,” said Dave Hare, a marketing manager with Oshkosh.

Lowering the suspension will also make it easier to load and unload the vehicle.

Various ideas are being tested, including systems that use hydraulics and electromagnets.

Lockheed Martin scientists are looking for ways to incorporate the firm’s new TekShield, a lightweight ceramic-and-composite armor with shock-absorbing polymers. As part of its effort to win a JLTV contract, Lockheed formed a Joint Venture with Armor Holdings in October. Under the arrangement, Lockheed Martin will serve as the prime contractor and systems integrator, providing the vehicle design. Armor Holdings will do the vehicle assembly and manufacture the armor survivability subsystems.

This month, General Dynamics and Humvee maker AM General formed General Tactical Vehicles, a joint venture in Detroit, to compete for the JLTV contracts with a networked vehicle with a basic armor package and add-on armor kit.

Some observers say the Iraq war has changed the requirements for light vehicles.

“There is no longer a sharp separation between combat vehicles and tactical vehicles. Now, all tactical vehicles are combat vehicles that need to be armored and armed,” said an industry analyst. •
 
Posted by TimW on :
 
This hurts to say, and im sure this feeds your ego... But i wish i had the extra cash to follow into this one months ago repo.

Hope you get that bmw [Wink]
 
Posted by Repoman75 on :
 
Ant & Sons is an independent provider of investment commentary

January 16, 2007
NASDAQ Bound: Simtek, Force Protection
It is not every day that investors watch a small over the counter publicly traded company move up from the shadows and transform into a company worthy enough to be listed on the NASDAQ Stock Market. However, there are two names that have done just that. Simtek Corp. (NASDAQ: SMTK), a supplier of nonvolatile static random access memory, has officially begun trading on the NASDAQ Capital Market.

Another company in the midst of making a move from the Over the Counter Bulletin Board to the NASDAQ is Force Protection Inc. (OTC: FRPT), a manufacturer of ballistic and mine-protected vehicles. The key ingredient that has made both of these corporations success stories is good old fashioned bottom line growth and successful business models. Force Protection, which has benefited from three years of combat operations in Iraq and Afghanistan, recently announced that the company delivered more than 50 of its vehicles in December 2006 alone, a 300% increase from the year ago period. The highlight of 2006 came on November 10 when the company was awarded a $214 million from the Marine Corps Systems Command for approximately 280 Cougar Joint Explosive Ordnance Disposal (EOD) Rapid Response Vehicles (JERRV) and Buffalo mine-protected clearance vehicles.

In similar fashion, Simtek has continued to execute on their business plan as the company expected new orders for the quarter to set a new quarterly booking record in excess of the $11.03 million set in the third quarter of 2006. Simtek also recently committed to developing the company's intellectual property, filing ten new patent applications relating to its nvSRAM design, technology, and intellectual property.

Though both companies have seen a dramatic increase in share price, these two names are still worth watching because the new venue of the NASDAQ Capital Market will attract a larger base of shareholders, institutional ownership and analyst coverage that will help spur additional demand for their stock.

LINK:
http://www.antandsons.com/2007/01/nasdaq-bound-simtek-force-protection.html
 
Posted by Repoman75 on :
 
quote:
Originally posted by Repoman75:
Guaranteed 50% return in 3-6 months. ]

I posted this when it was $19... TimW, I still stand by this prediction - that means $38. Not too late to make some cash in '07 on this.
 
Posted by Repoman75 on :
 
Holy smokes!! Marines general testifying LIVE that they WILL be fulfilling the MRAP contracat with AT LEAST 800 V-shaped Cougar vehicles!!!
Contract is in the bag! See you at $30 in 1 week.

http://www.c-span.org/watch/cspan2_rm.asp?Cat=TV&Code=CS2
 
Posted by Repoman75 on :
 
Congressmen saying Hummers are causing too high casualties from IED's.. THE HUMMER IS DONE.
 
Posted by Repoman75 on :
 
NOT ONE MARINE FATALITY IN EITHER COUGAR OR BUFFALO.
 
Posted by Repoman75 on :
 
It is NOT too late to own this stock!!!!!!! We're gonna be FILTHY rich.
 
Posted by PCola77 on :
 
Solid math there Repo. 50% from $19 is $28.50. 100% from $19 is $38 [Smile]

quote:
Originally posted by Repoman75:
quote:
Originally posted by Repoman75:
Guaranteed 50% return in 3-6 months. ]

I posted this when it was $19... TimW, I still stand by this prediction - that means $38. Not too late to make some cash in '07 on this.

 
Posted by Repoman75 on :
 
quote:
Originally posted by PCola77:
Solid math there Repo. 50% from $19 is $28.50. 100% from $19 is $38 [Smile]

quote:
Originally posted by Repoman75:
quote:
Originally posted by Repoman75:
Guaranteed 50% return in 3-6 months. ]

I posted this when it was $19... TimW, I still stand by this prediction - that means $38. Not too late to make some cash in '07 on this.

Sorry .. popped some champagne tonght.
 
Posted by Rhyz on :
 
quote:
Originally posted by Repoman75:
It is NOT too late to own this stock!!!!!!! We're gonna be FILTHY rich.

Oh yeah I hear ya brah, I just keep adding to the stash. Don't see how this isnt always on top.....with that POS CSHD thread talking about scifi books and birthdays. [Razz] Seems ppl dont want really cash just pipe dreams.

Gonna be a great year for sure!! And a cple more months and this will be a long term hold for me too!! [Smile]
 
Posted by Repoman75 on :
 
Replay of CSPAN stuff at 1:00am for all you night owls.

peace - We hit $24 tomorrow!
 
Posted by Repoman75 on :
 
CSPAN archive.

http://www.c-span.org/videoarchives.asp?CatCodePairs=,&ArchiveDays=100
 
Posted by Jo4321 on :
 
I did my best at transcribing some of the video.

At approx 11 minutes into:

General Brogran's Remarks: Another area where close cooperation with the army is benefiting our war fighters is the acquisition and fielding of MRAPs. These vehicles provide the best available protection for our war fighters against IED. These vehicles are designed with a vshaped hull to protect the occupants from all three primary kill mechanisms of mines and IED: Fragmentations, blast pressure and acceleration..

The marine corps has already fielded several variants of MRAPS. The first of which was at that time known as the Cougar Hardened Engineer Vehicle. Since the start of operation Iraqi Freedom, we fielded 27 cougars in support of EOD teams and combat engineers . We have also fielded an initial procurement of 122 Joint Explosive Ordinance Rapid Response Vehicles, or JERRV, in support of joint eod teams in throughout the theatre. We are on track to complete fielding of a follow on for 79 JERRV vehicles. Last month I awarded a sole source contract for 200 addl vehicles to a company that is already in production. That is a bridge to get us into full competition and open so that we can expand our production base and more rapidly get this vehicles in to the hands of our war fighters this effort will procure and field up to an additional 4060 for our nation’s joint forces."

From around minute 20:00

REPRESENTIVE DAVIS:
"I understand that the current requirement for the MRAP is 1022 with 538 cat 1, 420 cat 2 64 cat 3. With the approx. 4000 new marines supposed to be deployed to Iraq do you anticipate a need in an increase in these vehicles and if so, will the required funding will be taken from the FY07 bridge appropriation, and before you answer, I also understand that the contractor has had a problem meeting the schedule for these vehicles in the past are you confident that the mistakes will not be repeated."

BROGAN: "Ma’am there is additional requirement for vehicles that is making its way through the Marine Corps combat development command. I expect that will take into account the plus up forces that will likely be sent to theatre. As you indicated there were some initial problems with that prime contractor when we started up. My experience in acquisition is that that is not that unusual for a new start production line. They now are actually producing ahead of schedule and so I am confident that they’ll be able to continue to produce vehicles. As I mentioned we’re conducting a full and open competition to seek additional sources for the categories of vehicles that you mentioned Category 1 & 2. And because the quantities of Category 3 vehicles, the Buffalo, the heaviest, largest of these vehicles can be met by our current contractor, we have not competed any of those. But the large quantity of category 1 & 2 are being competed.

I must temper my comments because we are in the midst of source selection right now with that. We did have a large number of potential offers. I met with the secretary this morning and I now have approval to go forward and hold discussions with those offers and I expect to be on contract with a large number before the end of this month. Our strategy will be to produce two vehicles with each vendor. We’ll take those vehicles to Aberdeen Proving Ground in Maryland and conduct two separate tests. The first will be a survivability test where we blow up the vehicle. The second will be a limited user evaluation to ensure that the handling characteristics, maneuverability, things like that meet the requirements of our marines and the other joint forces. Given that the offers meet those hurdles, then we have the ability to award follow-on production contracts so that they can ramp up and begin producing these vehicles."
Around minute 34:21

ADMIRAL Sestak FROM PA: The uparmored hummer upgrade is good for 12 pound mine blasts?

General with the big ears “I’d have to check the number, to be honest, sir.

SESTAK: Is the MRAP good for at least more than that?

General BROGAN: It is, sir.
ADMIRAL SESTAK: Do you know what it is up to?
GENERAL BROGAN: I do, but I’d rather not say in open hearing.
SESTAK: Is it going to take care of this increasing growth of what the mine blasts do?

BROGAN: If your question sir, is “Is there a mine that can overcome an MRAP?” Yes there is. But, the V-shaped hull does a great deal for us to disperse that blast, as well as these vehicles are much higher above the ground. As you know, in an explosion, space is your friend because it allows that wave to expand before it makes contact with the vehicle. I’d rather not in open session discuss specifics of what those vehicles are designed to protect against.
------From minute 42:04

Colonel Wilson From SC: I’m particularly interested in the Cougar and the Buffalo and I’ve had the privilege of having visited the manufacturing sites of these particular vehicles…I’d like for you to review, what has been the record of these two particular vehicles, and I know you’ve touched on it a minute ago I’d like to hear it again, the unique v-shape and how that has such a positive impact.

BROGAN: Yes, sir. The V-shaped hull is designed to force the blast off to the side away from the spaces of the vehicle and the fact that the vehicle sits up high provides space so that that blast can form and get larger and not have as much impact on the hull of the vehicle. The two vehicles that you mentioned, the Cougar and the Buffalo are both serving very well in the theatre right now. We have not had a single Marine fatality in either one of those vehicles. Against the blast, shrapnel, the effects of both IED’s and Mines, they’re doing a tremendous job, so that’s why we have the imperative to rapidly get these vehicles into theatre.

GEN ALLIS (sp?) I would just remark, sir, that these V-shaped vehicles, which goes beyond just the Cougar and Buffalo, account for 14% of our attacks but only 3% of our casualties, so they are a very mine-resistant, hence the move towards them.

--------
 
Posted by Jo4321 on :
 
I got too tired, so I'll just end with these comments from the Gentleman from Hawaii (MR. Abercrombie) around 1:17

"From what I've seen or what I'm aware of, this competition that's been gone through already: You know what you want"

To which Brogan smiles and states: "I know the CHARACTERISTICS of what it is I want, absolutely, sir."

WE KNOW WHAT HE WANTS TOO!

Gotta go to bed!
 
Posted by Jo4321 on :
 
After I wrote that last part about "You Know what you want". I couldn't get the song from Grease out of my head, so I wrote this.

You're the one that I want
Sung by General Brogan to FRPT management


We’ve got enemies, they’re multiplying
Some think we’re losing control,
But the protection your supplying
It’s satisfying

You better ramp-up
Cause we need some v-hulls
And Marines are set on you
Better ramp-up
You better understand
To the troops we must be true.

Are you sure!
Yes I’m sure down deep inside.

You’re the one that I want.
F-R-P-T !
The one that I want F-R-P-T
The one we need,
Oh yes indeed
 
Posted by Repoman75 on :
 
quote:
Originally posted by Jo4321:
After I wrote that last part about "You Know what you want". I couldn't get the song from Grease out of my head, so I wrote this.

You're the one that I want
Sung by General Brogan to FRPT management


We’ve got enemies, they’re multiplying
Some think we’re losing control,
But the protection your supplying
It’s satisfying

You better ramp-up
Cause we need some v-hulls
And Marines are set on you
Better ramp-up
You better understand
To the troops we must be true.

Are you sure!
Yes I’m sure down deep inside.

You’re the one that I want.
F-R-P-T !
The one that I want F-R-P-T
The one we need,
Oh yes indeed

You've truly lost your mind... doesn't your husband yell to you from the bedroom - "COME TO BED YOU WACKO!"
 
Posted by Repoman75 on :
 
$23.50 premarket.
 
Posted by a surfer on :
 
jeez.... whats your end of year prediction again Repo?? 30 or 50
 
Posted by Repoman75 on :
 
End of year? $50

End of quarter (maybe month)? $30.
 
Posted by Jo4321 on :
 
huge gapper this morning!

$23.87 and heading to $24.00

JO
PS: No, Repo, he doesn't think I'm wacko. He thinks I'm very smart cause I'm making him lots of money.
 
Posted by Repoman75 on :
 
quote:
Originally posted by Jo4321:
huge gapper this morning!

$23.87 and heading to $24.00

JO
PS: No, Repo, he doesn't think I'm wacko. He thinks I'm very smart cause I'm making him lots of money.

Good point.
 
Posted by Jo4321 on :
 
Today my first shares became my very first 10-bagger. (on paper at least)

Jo
Edited to add: Dang guess I jinxed it! Oh well, it will come again.
 
Posted by Repoman75 on :
 
Force Protection, Inc. (FRPT) Chairman to Ring the NASDAQ Stock Market Opening Bell
Wednesday January 17, 10:00 am ET


ADVISORY, Jan. 17, 2007 (PRIME NEWSWIRE) --


What:
Frank Kavanaugh, Chairman of Force Protection, Inc. (FRPT), will
preside over the opening bell.

Where:
NASDAQ MarketSite - 4 Times Square - 43rd & Broadway - Broadcast Studio

When:
Thursday, January 18, 2007 at 9:30 a.m. ET

Contacts:
Michael Aldrich
203-912-1350 - mobile; Michael.aldrich*forceprotection.net

NASDAQ MarketSite:
Jolene Libretto; 646.441.5220; mobile - 347.219.9539
Jolene.Libretto*NASDAQ.com

Feed Information:

The opening bell is available from 9:20 a.m. to 9:35 a.m. on uplink IA6 C band / transponder 24, downlink frequency 4180 horizontal. The feed can also be found on Waterfront fiber 1623. If you have any questions, please contact Jolene Libretto at (646) 441-5220.

Webcast:

A live Webcast of the NASDAQ Opening Bell will be available at: http://www.nasdaq.com/reference/marketsite_about.stm

Photos:

To obtain a hi-resolution photograph of the Market Open, please go to http://www.nasdaq.com/reference/marketsite_events.stm and click on the market open of your choice.
 
Posted by Jo4321 on :
 
Zippy posted this on IV. From a member there named Budd55:

Suntrust Analyst Report
 
Posted by stocktrader22 on :
 
this thing is a monster, should have listened repo when i was going to load up at $13
 
Posted by Repoman75 on :
 
If you wanted to buy before the NAS tomorrow, here's your chance.
 
Posted by cspaude on :
 
Just checking up now or something worse? $21.85 Chart looks steep. And I just bought more at 23.60 today.
 
Posted by Repoman75 on :
 
It's bouncing back already.. filled the gap, shook out the weak.

Don't worry, you'll be fine with that purchase in a few weeks.
 
Posted by cspaude on :
 
Oh I don't doubt that. Just curious if I should sell and buy back lower. I'm confident this company has more room to run once people see it as a serious contender on the NASDAQ. Once those folks go nuts and drive the price up, then I'll sell.
 
Posted by Repoman75 on :
 
why sell and buyback lower??? You should buy MORE at the lower prices.
 
Posted by Mortimer on :
 
Added more * 22.03.....A LOT more. I want a German car too.
 
Posted by Jo4321 on :
 
I couldn't resist, just got some more at 21.94 (to replace some I sold yesterday at 23.35)

I was supposed to be lessening my position, though.

Jo
 
Posted by cspaude on :
 
I don't have free money to buy more, so if it was gonna check up big today I could avoid some of the losses. Looks like a reasonable correction today.
 
Posted by cspaude on :
 
Somebody rated me at 1 star????!? WTF for?
 
Posted by Jo4321 on :
 
Nice write up

http://www.marinetimes.com/news/2007/01/mcmrap070117/

Corps aims to triple armored vehicle orders

By John Hoellwarth - Staff writer
Posted : Wednesday Jan 17, 2007 13:01:57 EST

The Corps needs to triple the number of blast-resistant vehicles it has already ordered to protect Marines from roadside bombs, the commanding general of the Marine Corps Warfighting Lab told lawmakers Tuesday.

The service is currently set to receive 1,022 Mine Resistant Ambush Protected vehicles, which have a V-shaped bottom designed to project the force of a blast outward. The vehicle order is part of a total purchase of 4,060 MRAPs, with the remaining vehicles going to the Navy and the Army.

However, Brig. Gen. Randolph Alles told members of a House Armed Services subcommittee that “we expect that number to triple in the next couple weeks,” referring to the figure of 1,022.

The heavily armored vehicles include the 23-ton Buffalo and the 7-ton Cougar, along with a Cougar variant, the Joint Explosive Ordnance Disposal Rapid Response Vehicle. All of these vehicles are made by Force Protection Inc., headquartered in Ladson, S.C. Infantry Marines, as well as explosive ordnance disposal technicians, operate them on the battlefield.

The 1,022 vehicles Marine Corps Systems Command will receive for use in the fleet are expected to be built, delivered and outfitted with the Corps’ own aftermarket technologies by Dec. 31, according to Brig. Gen. Michael Brogan, who commands SysCom.

But that order was placed before President Bush announced Jan. 10 that the Corps would extend the deployments of 4,000 Marines in Iraq’s Anbar province.

“I’m sure that’s being taken into account” as the Corps establishes a new requirement, Brogan told the subcommittee. “The additional number is changing every day.”

During the hearing, subcommittee chairman Rep. Gene Taylor, D-Miss., said the Humvee being used by Marines in Iraq and Afghanistan is “doing more than we ever asked it to do, but maybe it’s time to move on.”

Brogan said the Corps does not plan to do a “one-for-one” swap between Humvees and the new blast-resistant vehicles because “there will remain some need for up-armored Humvees in theater.”

But “it is clear that we need this vehicle for all forces operating outside the wire,” he said.
 
Posted by Jo4321 on :
 
What the heck is the FRPT thread doing way down the board on the morning of its move to the NASDAQ??!! Can't have that.

If you go to this link and scroll down, there is a live webcam. There's already an FRPT vehicle parked there. (can't quite make out which one it is!)

http://www.nasdaq.com/reference/marketsite_about.stm
 
Posted by Repoman75 on :
 
It's a Cougar!
 
Posted by Jo4321 on :
 
Here's the direct link.
http://www.nasdaq.com/about/marketsitetowervideo.asx

Now that it is getting lighter out, I think there are actually TWO Vehicles there! Looks like a Cougar AND a Buffalo

Jo
 
Posted by Repoman75 on :
 
DOD taps 4,060 mine-resistant vehicles for Iraq


By Leo Shane III, Stars and Stripes
Mideast edition, Thursday, January 18, 2007


WASHINGTON — Defense officials will send 4,060 more mine-resistant vehicles to Iraq by the end of the year, which will be used to replace up-armored Humvees on some missions.

Marine Corps force protection officials on Tuesday told Congress the $2 billion move is not designed to completely replace the Humvee as the primary vehicle for missions in Iraq. But the hope is that the heavier, more blast-resistant trucks will give commanders there more options in the fight.

Of the Mine Resistant Ambush Protected (MRAP) vehicles ordered, 538 will be given to the Navy for ordnance detection and disposal. But officials said 1,022 assigned to the Marines and the 2,500 slated for the Army will be used for patrols, combat missions and other tasks, at commanders’ discretion.

“There is now a much wider need for these vehicles for all troops involved in patrolling,” said Brig. Gen. Michael Brogan, commander of Marine Corps Systems Command.

“The V-shaped hull is designed to force these blasts off the sides, away from the occupied spaces in the vehicles. And their additional height gives the blast more time to expand, lessening its impact.”

Defense Department officials said only a few hundred of the larger, V-bottomed vehicles are currently in use in Iraq.

Brogan said most of those vehicles — Cougar and Buffalo trucks, as well as other large explosive rapid response vehicles — are being used solely for anti-explosive work.

Members of the House Armed Services Committee said they were glad to hear the heavier vehicles will be made available to more troops, even though they believe military officials should have pushed for those blast-resistant vehicles earlier.

“In my mind, our biggest blunder has not been incorporating the V-shaped undercarriage for our armored vehicles,” said Rep. Gene Taylor, D-Miss., chairman of the seapower subcommittee. “This technology existed before the conflict in Iraq began. … It is well past time that we deploy this potential lifesaving vehicle.”

Brig. Gen. Randolph Alles, commander of the Marine Corps Warfighting Laboratory, said the MRAP vehicle push is just part of the recent force protection upgrades by the service.

Starting next month, Marine officials will roll out their new Modular Tactical Vests to troops in Iraq, with a goal of outfitting all Marines there with the better armor by the end of the year. New fire-resistant clothing is on its way as well.

Work is still being conducted on devices that could remotely detonate roadside bombs, although officials said that technology is still likely years away.

Alles said the upgrades are needed to keep up with adaptations by enemy fighters in Iraq.

“As we’ve armored the vehicles more heavily, they’ve increased the artillery rounds, started using more explosives,” he said. “We field a solution, they develop a countermeasure, and we have to counter that.”
 
Posted by Jo4321 on :
 
Hey Repo, you need to quit posting in the CSHD Thread and bumping it up.

http://www.nasdaq.com/about/marketsitetowervideo.asx

View the ceremony on the NASDAQ Market Open Web Cam (all times are E.D.T.).

Viewers must have Windows Media Player to view the Web Cam. Download the Web Cam at 9:15 a.m. to provide time to troubleshoot in case of technical difficulties.

Before 9:20 a.m., the Web Cam will show the Tower. At 9:20 a.m., the router will switch and the Web Cam will telecast views inside the studio. CNBC, Bloomberg, CNNfn, Bloomberg Brazil, CNN and the FoxNews television networks will broadcast the open at about 9:28 a.m., E.D.T.
 
Posted by Jo4321 on :
 
http://www.knobias.com/story.htm?eid=3.1.ab728d86d2f03e098b190313e10b5ba5d2b5f6f ba5dd483c518b3a906ccba8a9

FRPT: Reaching Milestone Transition on Explosive Growth

Wednesday, January 17, 2007 17:59ET

Reaching Milestone Transition on Explosive Growth

An interesting success story that has capitalized from its commendable and life saving product will soon advance from the Over the Counter Bulletin Board to the more reputable exchange of the Nasdaq.

Force Protection, Inc.'s (FRPT) Nasdaq listing will become effective and commemorated by the Company on Thursday, January 18th, at an Opening Bell Ceremony in New York City. Force Protection has traded on the Over the Counter Bulletin Board since 2003.

"We are extremely excited about this move," said Force Protection CEO Gordon McGilton. "The NASDAQ listing is the result of our on-going efforts to provide what we believe will be a more stable investment opportunity in our Company."

Michael Aldrich, Vice President Marketing and Government Relations, told Knobias on Wednesday, "We are delighted on every front to everyone that contributed to this milestone move to Nasdaq. We are grateful to our shareholders, employees, government acquisition buyers, and most importantly, the men and women of the military."

Force Protection, Inc. is a manufacturer of ballistic- and blast-protected vehicles that support and protect armed forces and security personnel against landmines, hostile fire, and Improvised Explosive Devices (IEDs, commonly referred to as roadside bombs). The Company's Buffalo and Cougar mine-protected vehicles have been deployed with U.S. and Allied forces since 2003. They are deployed by all branches of U.S. armed force and have logged more than 1.6 million hours of combat operations in Iraq and Afghanistan.

Formed in 1997, Force Protection has made remarkable strides as it has evolved from a small start-up organization to an assembly line manufacturer. The Company has become a center for blast technology and counter improvised explosive device (IED) research as it designs, manufactures, tests, delivers, and supports blast- and mine-protected vehicles throughout the world. The Company's dramatic growth has necessitated the expansion of its production facilities to 340,000 sq ft of administrative, manufacturing, research and development, test and integration space and the increase of its workforce to more than 750.

In December of 2006, the Company produced more vehicles in that one month than in all of 2003 and 2004 combined.

To ensure that production meets demand, Force Protection has teamed with other established defense industry manufacturers such as Armor Holdings and BAE Systems, as well as a joint venture company with General Dynamics Land Systems.

The Company and General Dynamics Corp. have also formed a joint venture to compete for the U.S. Marine Corps contract for the Mine Resistant Ambush Protected Vehicle program. The Marine Corps and the U.S. Army are seeking a replacement for the humvee, with a purchase of up to 20,500 vehicles in three different categories. The estimated value could be in the range of $10 billion.

The Company disclosed on Tuesday that it received an urgent contract to provide 15 of the Company's Cougar Joint Explosive Ordnance Disposal Rapid Response Vehicles to the U.S. Marine Corps. The contract for the vehicles, spare parts, and maintenance services is worth an approximate $9.4 million. All 15 vehicles will be delivered in January.

"By every measure, Force Protection is fulfilling its commitment to do all that is necessary to get these life-saving vehicles to those who need them most," noted McGilton.

The Company is also pursuing the international defense market and recently announced a $63 million contract award from the British Ministry of Defense for more than 85 specially designed Cougars, known by the British military as Mastiff Protected Patrol Vehicles.

As for recent analyst comments, SunTrust initiated coverage last week with a "Buy" rating and a target price of $31. CE Unterberg Towbin and Dougherty & Co also maintain a "Buy" rating.

Shares of Force Protection reached an all-time high on Wednesday of $24.300, up $1.360 (5.93%) from its previous close of $22.940. One year ago, the Company's shares closed at $0.980. The price has climbed more than 2379% since then.

The evolution of this company is one that you will not see everyday. The transition from a small time defense producer to a multi million dollar manufacturer with joint ventures and partnerships from some of the industry giants has been an enjoyment to follow. With a Nasdaq listing acting as icing on the cake, this name has certainly been one that deserves admiration, congratulation, and emulation.
 
Posted by stocktrader2006 on :
 
???
 
Posted by Repoman75 on :
 
This sucks! AMTD hasn't updated my buying power NOR will they allow limit orders online yet!

Technical difficulties across the board.
 
Posted by PCola77 on :
 
Okay guys, I just joined you at $20.40
 
Posted by Jo4321 on :
 
Ouch, good thing I'm going skiing in about an hour. I don't think I can watch.

I'm tempted again to buy more, but it sure hurts watching your account go down by thousands at a time.

(course, the opposite is a lot of fun)

Jo
 
Posted by PCola77 on :
 
btw repo, thanks for your "This sucks!" post. I wasn't looking at the share price until I saw that you said that, so I went and checked and saw the big drop today and figured it was now or never.
 
Posted by Repoman75 on :
 
You lucky dog! I expect a 5% finder's fee.
 
Posted by Jo4321 on :
 
This could be the problem. Jerk dems blaming the manufacturers???!! What the heck!
--------------------------------------

HASC Dems Criticize Industry Over Armored Vehicle Efforts

http://www.aviationweek.com/avnow/news/channel_aerospacedaily_story.jsp?id=news/ HASC01187.xml


HASC Dems Criticize Industry Over Armored Vehicle Efforts
By Michael Bruno/Aviation Daily
01/18/2007 09:26:57 AM


Newly empowered House Armed Services seapower subcommittee Demo-crats are criticizing industrial suppliers for Army and Marine Corps armored personnel vehicles in light of an expected tripling in requirements and an increase in ground forces in Iraq and across the U.S. military.

"If we get angry, it's going to be at industry," Subcommittee Chairman Gene Taylor (D-Miss.) told two Marine generals during a Jan. 16 hearing over force protection equipment for ground forces. Taylor turned and addressed other panel members present - mostly Democrats - and told them that the reason lawmakers "go to bat" for the industrial base in peacetime is so that it delivers in wartime.

But Taylor, accompanied by HASC airland Chairman Neil Abercrombie (D-Hawaii), said it was disappointing that manufacturers were not doing everything they could to make the vehicles as quickly as possible - such as putting steel for military equipment ahead of commercial building orders. Abercrombie lamented that competition sensitivities could be watering down the impression that needs to be given to manufacturers.

They did not provide specifics.

The main vehicle under discussion is the new Mine Resistant Ambush Protected (MRAP) vehicle, a U.S. joint services program being managed by the Marines. The program is being organized around several classifications of vehicles, including Force Protection Inc.'s V-shaped-bottom Cougar Joint Explosive Ordnance Disposal Rapid Response Vehicles. But "some quantity" of so-call up-armored Humvees are still needed because they are smaller and able to travel where larger MRAPs cannot go.

The Marines, Army and Navy now want 4,060 new MRAP vehicles made by year's end, including 1,022 for the Corps, according Brig. Gen. Michael M. Brogan, head of Marine Corps Systems Command. Vehicles take another 60 days to outfit for deployment.

But that "stretch goal" changes almost daily, he acknowledged, and the figure was eyed before President Bush's plan to send 21,500 more soldiers to Iraq was announced last week. "These vehicles will not arrive before the troops," Brogan said, referring to the additional troops headed to Iraq, including 4,000 Marines. "The need for these vehicles is greater now than when we first received the requirements."

Cross-leveling, or in-theater swapping of vehicles, and increased deployment of "home-based" equipment will provide enough vehicles to protect troops outside forward operating bases until the new MRAPs can be delivered, Brogan said.

Brig. Gen. Randolph Alles, commander of the Marine Corps Warfighting Laboratory, said the Marines' requirement for three times the 1,022 vehicles has been working its way up through Marine leaders. Brogan said most funding likely will be asked for in the fiscal 2008 supplemental spending request, although some funds could be sought in FY '07 reprogramming requests and even the second FY '07 supplemental request due in a few weeks.
 
Posted by Repoman75 on :
 
He's not blaming FRPT, he's blaming industry as a whole... like instead of making cars and TVs, they should be making Cougars.

So stupid. How do these people get elected?? If you watched that, they are on the Armed Services committee and some of them don't even know basic military terms. RETARDS.
 
Posted by Jo4321 on :
 
 -
 
Posted by PCola77 on :
 
I wonder if a lot of people are shorting it now that it's on NASDAQ due to the huge rise in price in the last year or so.
 
Posted by Repoman75 on :
 
Probably some, probably some profit taking, probably some technical errors (no marginability yet online)... all lead to a friggin daily disaster.

Need a nice fat contract tostick up their arses.
 
Posted by Jo4321 on :
 
 -
 
Posted by Jo4321 on :
 
 -


More photos here, be sure to scroll down
 
Posted by Hurricane on :
 
Actually a drop in share price is normal for stocks moving up from the bulletin board. Over 90% of stocks that make the move initially go down. And then the stocks usually rise steadily to brand new highs. Just a great buying opportunity over the next week or so.
 
Posted by cspaude on :
 
Is there a date that the government is going to announce the winners of the new contract? The one that FRPT and GD are working on?
 
Posted by Repoman75 on :
 
Jan 31st I hear.
 
Posted by Chart walker on :
 
"Who was that "good-looking" intelligent individual who said this would be at $20 in Jan?...

[Big Grin] [Big Grin]

I'm very happy for all of you ~

Chart ~
 
Posted by Repoman75 on :
 
Hey chart!!

Give us some T/A man.. it ranup last week, now corrected.. has the charts caught up to the current price?
 
Posted by Chart walker on :
 
k,.. gimme 5 min...
 
Posted by Chart walker on :
 
http://stockcharts.com/charts/gallery.html?frpt

Weekly chart looks like a rocket took off lol ~
(and did!)

Daily looks all good, nothing weird, one close gap open although there are several gaps up.

Let's look behind the scene's and see what's happening... -beside the unwritten law of the 3 day run rule...

http://stockcharts.com/h-sc/ui?s=FRPT&p=D&b=5&g=0&id=p91737555369

No wonder it's selling off some... -I remember now this stock liked to do that when the RSI got "hot" look back in it's history and you'll clearly see it. When RSI gets hot simply wait for the Stochastic to cross negative and flip if you like or just know it's going to dip...

All "normal" -healthy.

Filled one gap I see, good, Accumulation is still very high, again good, that means the brokerage houses are buying more and more for their clients.

This stock gets an "A"

Some Support levels, which may become pullback pivot points could be:
20.50
20.02
19.00

Wait for the Stochastic to "reset" an cross positive and you should be off to the races again, I say that because of the Accumulation indicator, peeps holding [Smile]

GL Board!

Chart ~
 
Posted by Repoman75 on :
 
Thanks chief!
 
Posted by Chart walker on :
 
Always a pleasure ~ [Smile]
 
Posted by Repoman75 on :
 
What a massacre today! I wonder if this is why we are down big?

Bloomberg Story: Force Protection Vehicles Suffer First Combat Deaths

By Edmond Lococo
Jan. 18 (Bloomberg) -- Force Protection Inc., which has said
that no combat deaths have occurred in its armored vehicles used
in Iraq and Afghanistan, can no longer make that claim after
three U.S. troops were killed in an attack on one of the trucks.
The company has ``taken measures to better defend against
the specific new device that was employed'' in the attack, which
occurred between November and the end of December in either Iraq
or Afghanistan, Michael Aldrich, a vice president of Ladson,
South Carolina-based Force Protection said today. He declined to
give additional details because the information is classified.
Force Protection's Buffalo and Cougar blast- and ballistic-
protected vehicles have been used in Iraq and Afghanistan since
2003. The company had made the claim that they served without ``a
single fatality'' in press releases as recently as Nov. 22, Nov. 20
and on Nov. 16. The mine-detection and removal vehicles survived
``thousands of attacks'' before the first deaths, Aldrich said.
``I attended all three funerals,'' Aldrich said in an
interview today. ``We're very unhappy about this incident.''
Aldrich declined to comment on how the vehicles are being
improved after the deadly attack. At the beginning of this
month, there were more than 300 of them deployed in Iraq and
Afghanistan, more than double the figure one year earlier.
Shares of Force Protection fell $2.72, or 12 percent, to
$19.74 at 1:44 p.m. New York time in Nasdaq Capital Market trading.
It was the company's first day of Nasdaq trading, after three years
on the over-the-counter bulletin board. The shares had risen more
than 22-fold in the past year before today.

V-Shaped Hull

Force Protection vehicles reduce fatalities from mine
blasts by using a V-shaped steel hull, which deflects explosive
force away from the vehicle. With flat-bottomed vehicles, like
the current fleet of Humvee transports, the explosive force is
trapped under the vehicle.
With a gross vehicle weight of 38,000 pounds, the four-
wheeled Cougar is more than three times the size of an M1114 Up-
Armored Humvee, which has a gross vehicle weight of 12,100
pounds. The Humvee is made by South Bend, Indiana-based AM
General Corp.
Force Protection is in the middle of a competition for a
new U.S. Marine Corps transport called the Mine Resistant Ambush
Protected vehicle, or MRAP which could be valued at $2 billion.
Vehicle safety and crew survivability is the ``number one
criteria'' for that vehicle, Aldrich said. The company submitted
its bid on Dec. 18 and a decision is expected by the end of this
month, he said.
 
Posted by PCola77 on :
 
Well Repo, you led this lamb to slaughter. [Wink]

jk, I am holding long term, so I'm not too concerned with what happens today.
 
Posted by cspaude on :
 
Well I'm thinking about tomorrow already. Gap up or gap down?
 
Posted by Repoman75 on :
 
You! I'm down, in terms of dollars, a new car today.
 
Posted by Repoman75 on :
 
RAPED.

Goddamn story comes out the same day when retail shorts can short this stock... hmm...

Well, like the dip from $17 to $12, back to the bunker and holding...
 
Posted by Baxt06 on :
 
RSI is about as low as it's been since it broke the $10 mark. Think it will bounce from here.
 
Posted by Repoman75 on :
 
Here's the link to the story.

http://www.bloomberg.com/apps/news?pid=conewsstory&refer=conews&tkr=FRPT:US&sid= aFK0PibIE_4Q
 
Posted by PCola77 on :
 
That sucks on many different levels.
 
Posted by Baxt06 on :
 
bounced hard off of $18
 
Posted by Repoman75 on :
 
You have to wonder why though Bloomberg publishes a story that happened in November...

Sleep on that tonight.

Also, for T/A purposes, all gaps on the way up have to be filled now.
 
Posted by Baxt06 on :
 
back to $19
 
Posted by Repoman75 on :
 
7 business days until MRAP and $1.6 BILLION are awarded to FRPT/GD.

Think some institutions want some of that action cheap?
 
Posted by Baxt06 on :
 
unbelievable...20 to 18 to 20 again in 15 minutes
 
Posted by Repoman75 on :
 
If only goddamn AMTD had margin available TODAY instead of tomorrow.. I would have loaded up again.
 
Posted by PCola77 on :
 
Why in Christ's name do you still use Ameritrade?
 
Posted by Repoman75 on :
 
I'm an APEX customer there.. I get perks.
 
Posted by Repoman75 on :
 
We had a $6 swing today... how the hell can I put stop orders in with those types of swings... damn.

I guess I'm thankful AMTD didn't update the ability to put stops on this stock yet.
 
Posted by cspaude on :
 
Bloomberg reports on an incident from over a month ago and makes it sound like it happened today?!?! What a bunch of sh!t! If that wasn't purposeful, then what is it? Apparently somebody wanted to get in on this stock cheap, and it worked.
 
Posted by Repoman75 on :
 
7 business days until the biggest contract award to date comes... hang in there!
 
Posted by Baxt06 on :
 
There is a picture of Frank Kavanaugh and his wife at the top of one of Yahoo's headline stories

http://biz.yahoo.com/ap/070118/wall_street.html?.v=36
 
Posted by Repoman75 on :
 
Frank K. interview on Marketwatch...

http://www.marketwatch.com/tvradio/playerFull.asp?media=0&band=0&guid=%7B26ADF37 E-2A98-43CA-8CFD-A0686375CC7C%7D&siteid=yhoo
 
Posted by Jo4321 on :
 
Wow! This was a good day to be skiing!

Thanks for the succinct thread here so that I could see just what went on today. (I can only imagine how many pages are over on IV!) That Bloomberg thing stinks. Like they decided to wait and hold news they knew about weeks ago and spoil FRPT's party.

I called TDAmeritrade once from the ski-lift and it just happenned to be when the PPS was in the $18's! Thank goodness it closed at a better place.

Jo
 
Posted by Rhyz on :
 
Yup kinda figured today would be bad, but as always this will take off again. Never fail. And more good new after hours and a nice little .29 gain. Tomorrow will be good. [Smile]
 
Posted by Jo4321 on :
 
Here's Bloomberg's "update". Definitely written to make it sound like the deaths were very recent rather than back in December. Made it also sound like FRPT was still claiming no fatalities up until today, which is UNTRUE. They stopped using that wording in their PR's around November 22. The General mentioned no "Marine" deaths in the hearings the other day. But he did not preclude deaths in other services. Besides the fact that the General is not from FRPT. To make it sound like FRPT was trying to hide something up until today was grossly unfair.

I'm sure the defense department would rather have the deaths not publicized so that FRPT could make the adjustments they needed to without the enemy knowing that they did cause fatalities.


http://www.bloomberg.com/apps/news?pid=conewsstory&refer=conews&tkr=FRPT:US&sid= aMEn14RPQW6U

Force Protection Inc. (FRPT US) fell $1.85, or 8.2 percent, to $20.60. The maker of mine-protected vehicles can no longer claim no combat deaths have occurred in its vehicles used in Iraq and Afghanistan after three U.S. troops were killed in an attack on one of the trucks. It has ``taken measures to better defend against the specific new device that was employed'' in the attack, which occurred between November and the end of December in either Iraq or Afghanistan, Michael Aldrich, a vice president of Force Protection said today.
 
Posted by Jo4321 on :
 
Really good interview with Frank K. on Bloomberg.


http://www.bloomberg.com/apps/news?pid=conewsstory&refer=conews&tkr=FRPT:US&sid= aEq_LVRpRiew

Go to the right side of the screen to hit the link.
 
Posted by Jo4321 on :
 
Well, it hurts to see FRPT called a "loser", but now that it is on the NASDAQ, it is showing up in Google Finance "Top Movers"
http://finance.google.com/finance

Top movers
Price | Mkt Cap | Vol | $Vol | Popularity
Gainers Change Mkt cap
Callaway Golf Company 9.69% 1.13B
Crown Castle Intl 7.95% 7.51B
JDS Uniphase 7.16% 3.57B
ITC Holdings Corp. 5.80% 1.71B
Yanzhou Coal Mining 5.72% 4.69B

Losers Change Mkt cap
Coldwater Creek Inc. -15.93% 1.85B
Satyam Computer (ADR) -8.32% 7.55B
Force Protection, Inc. -7.09% 1.01B
Tween Brands Inc. -6.40% 1.11B
Cree, Inc. -5.11% 1.28B


Excludes stocks with mkt cap less than $1B. See FAQ
 
Posted by Repoman75 on :
 
Force Protection, Inc. Moves to NASDAQ Capital Market
Friday January 19, 10:36 am ET


NEW YORK--(BUSINESS WIRE)--Force Protection, Inc. (NASDAQ:FRPT - News) officially listed its securities on the NASDAQ Capital Market yesterday, commemorating the Company's listing by opening the market at NASDAQ's MarketSite location in New York City.

"We are thrilled to be here today," said Force Protection Chairman Frank Kavanaugh. "We recognize and deeply appreciate the efforts of Force Protection's executive management team, its investors, and workforce who have supported our mission to produce vehicles that protect and save lives, and who have made this important opportunity possible. We especially dedicate this moment to the men and women of our armed forces for whom these vehicles are built."

Shareholders do not need to take any action as a result of the NASDAQ Capital Market listing. Company stock certificates will remain valid.

Popular with troops who credit the vehicles with saving lives, Force Protection's Buffalo and Cougar blast- and ballistic-protected vehicles have an unmatched record for troop safety, protecting against attacks on vehicles led by improvised explosive devices and roadside bombs. Combined, the vehicles have logged more than 1.6 million hours of combat operations since their initial deployment with U.S. and Allied forces in 2003.
 
Posted by Jo4321 on :
 
quote:
"We are thrilled to be here today," said Force Protection Chairman Frank Kavanaugh. "We recognize and deeply appreciate the efforts of Force Protection's executive management team, its investors, and workforce who have supported our mission to produce vehicles that protect and save lives, and who have made this important opportunity possible. We especially dedicate this moment to the men and women of our armed forces for whom these vehicles are built."
Classy guy.
 
Posted by Jo4321 on :
 
No longer on the Google Finance "Loser" radar, and, in fact, showing some green! Hit $21.00
 
Posted by Repoman75 on :
 
News is leaking somewhere AND instituions loading up... $22 now
 
Posted by Jo4321 on :
 
Wild swings! from mid 21's to upper 22's in seconds. What is going on?

I wonder if the upper-22's are fat fingers. But there were several of them. Crazy

Jo
 
Posted by portman on :
 
Repo...at $18 this stock far exceeded my expectations.

You have earned serious respect from me and I truly hope you enjoy the drive in that new car once the PPS you need is met. You certainly earned that as well!

Congrats!
 
Posted by Repoman75 on :
 
Thanks Portman... I hope ALL of us who read ole Malloy's original thread make TONS of cash....

And I promise to tell all of you when I sell - I know how some of you care about that. To date, I've only flipped once (mistake on my part), and have sold 300 shares at $18 to pay some bills... other than that, THEY CAN'T GET MY SHARES UNTIL AT LEAST $30 NOW (and that may change).
 
Posted by Jo4321 on :
 
LOL, we went from a "LOSER" today to a "GAINER"
What a day!

Top movers
Price | Mkt Cap | Vol | $Vol | Popularity
Gainers Change Mkt cap
Callaway Golf Company 11.18% 1.14B
Celera Group, Applera 10.07% 1.19B
JDS Uniphase 9.69% 3.66B
Petroleum Geo-Services 8.07% 4.08B
Force Protection, Inc. 7.91% 1.18B

Losers Change Mkt cap
Coldwater Creek Inc. -14.57% 1.88B
New Oriental Education -6.79% 1.20B
Satyam Computer (ADR) -6.18% 7.72B
Rite Aid Corporation -5.37% 3.09B
Cree, Inc. -4.81% 1.28B
 
Posted by PCola77 on :
 
Wow, I just looked at the price for athe first time in a few hours. I'm pleasantly surprised. Hope the upswing continues.

It's nice to have stock in a company that you can feel good about owning!
 
Posted by cspaude on :
 
Looks like a nice close and a good setup for positive territory Monday. My guess is FRPT will have a slow, positive climb until just before the contract announcement and then we will see some wild rides again.
 
Posted by TimW on :
 
Did anyone look at the S-3 filed on the 18th.. or the 8k.. Doesnt look like anyone did.

This could be the reason for the huge price swing.. 13 million shares but for sale by stockholders.. i dont know much about that type of dealings.. maybe its normal for a nasqaq move.

http://www.sec.gov/Archives/edgar/data/1032863/000110465907003183/a07-2093_1s3.h tm

The 8k was just confirmation of the 9mil deal on 1/11.

For some reason this doesnt show up on alot of the news sites/stock quote sites.. I wouldnt have seen it if i wasnt doing my weekly sec.gov searches.
 
Posted by Repoman75 on :
 
I saw it.. could have led to the sale true.

MRAP in 5 business days.. hold on to your hats.
 
Posted by bomber on :
 
what i am worried about is a company that is at $20.00 and showing no profit.
 
Posted by Rhyz on :
 
quote:
Originally posted by bomber:
what i am worried about is a company that is at $20.00 and showing no profit.

And you would be talking about.......post sure doesn't belong here. ROFL
 
Posted by TimW on :
 
quote:
Originally posted by bomber:
what i am worried about is a company that is at $20.00 and showing no profit.

As of the last financials available for 2005 you are right.. The income "was" negative.

Do you know their financials for 06? Projected income for 07?
 
Posted by bomber on :
 
why does it not belong here.
 
Posted by Rhyz on :
 
Do I really have to show you the filings? All is solid with this one and growth is booming...no profits...LOL. Go back to the CSHD thread. [Razz]
 
Posted by trade04 on :
 
quote:
Originally posted by Rhyz:
Do I really have to show you the filings? All is solid with this one and growth is booming...no profits...LOL. Go back to the CSHD thread. [Razz]

what is cost of operations
 
Posted by glassman on :
 
Diluted Earning/(Loss) Per Share of common share

Three Months Ended September 30 2006 $0.01

Three Months Ended September 30 2005(0.17)


Nine Months Ended September 30 2006 0.03

Nine Months Ended September 30 2005 (0.29)

http://secfilings.nasdaq.com/filingFrameset.asp?FileName=0001104659%2D06%2D07510 1%2Etxt&FilePath=%5C2006%5C11%5C14%5C&CoName=FORCE+PROTECTION+INC&FormType=10%2D Q&RcvdDate=11%2F14%2F2006&pdf=
 
Posted by trade04 on :
 
delete
 
Posted by glassman on :
 
that's the real meat: a helluva turnaround isn't it?
 
Posted by trade04 on :
 
yeah i just saw the market watch video on frpt and was like ok 10 billion he said its worth..there is room for growth...plus what about international?
 
Posted by Repoman75 on :
 
Exactly. Israelis wanted the Cougar, FRPT couldn't produce enough for the US Gov't so they picked another vehicle. If the US doesn't buy 'em in the 10's of thousands, the world sure will.

Wait till you see 4th quarter and end of year financials... all of this "No profit" BS will end.
 
Posted by TimW on :
 
Oh yeah. They wont announce who else they are building them for but they do say that the US Gov is not their only client.
 
Posted by minkybodl on :
 
Tim, one other country they announced is Britian.


Press Release Source: Force Protection, Inc.


Force Protection, Inc. Delivers First Round of Cougar Mastiff Vehicles to British Military
Thursday November 16, 1:21 pm ET


LADSON, S.C.--(BUSINESS WIRE)--Force Protection, Inc. (OTCBB:FRPT - News) today presented the first round of Cougar Mastiff Patrol Protected vehicles (Mastiff PPV) to the British Ministry of Defence (MOD) at Force Protection's headquarters near Charleston, SC. Force Protection is manufacturing specially modified Cougar vehicles, known in Great Britain as the Mastiff, for the MOD.


These are the first vehicles delivered under a contract awarded by the MOD in August 2006 for more than 85 Mastiff PPVs.
 
Posted by Jo4321 on :
 
Great. [Roll Eyes] Who the heck called Cramer?

http://www.thestreet.com/funds/lightninground/10333987.html


quote:
From the Mad Money Round
Force Protection (FRPT) "One of those safety truck companies, safety military things. ... Is not for me. If you want to be in defense, we like FLIR (Flir Systems (FLIR - news - Cramer's Take - Rating)) or NICE (Nice Systems (NICE - news - Cramer's Take - Rating)) because we like homeland security."


safety military things??? [Roll Eyes]
 
Posted by glassman on :
 
cramer just doesn't like anything "new"...
 
Posted by Repoman75 on :
 
He's plain old retarded, OR could be playing stupid... but I think retarded.
 
Posted by IMAKEMONEY on :
 
HES A PUMPER, OLD JIMMY BOY! WATCH THE SHEEP MAKE FLIR FLY.LOL
 
Posted by Repoman75 on :
 
Forget Cramer... even he doesn't know what the company does.. nobody does yet. Not until Bush's speech tomorrow...

And listen to this. GD conference call on Wednesday. Guaranteed the LLC with FRPT is mentioned.

http://biz.yahoo.com/ap/070122/earns...mics.html?.v=2
 
Posted by cactus33 on :
 
only reason why cramer is saying that is b/c he is buying, lol... please..lol

he only pumps BS he shorts..

jmho
 
Posted by TimW on :
 
^ YEP.
 
Posted by Repoman75 on :
 
Spartan Chassis to Supply Key Components for Cougar Armored Vehicles
Tuesday January 23, 8:33 am ET
Recent Contract Second Largest Military Chassis Order in Company History


CHARLOTTE, Mich., Jan. 23 /PRNewswire-FirstCall/ -- Spartan Chassis, Inc., a subsidiary of Spartan Motors, Inc. (Nasdaq: SPAR - News), today announced it has received a subcontract order from Force Protection, Inc. to supply and integrate key chassis components and assist in the manufacturing of 155 Cougars for use by the U.S. Marine Corps.

The order placed with Spartan Chassis by Force Protection, a Charleston, S.C.-based manufacturer of ballistic and mine-protected military vehicles, is worth $23.7 million. The contract is the second largest military chassis order for Spartan since it began supporting military defense efforts in 2005.

"Spartan Chassis is once again honored to be able to provide our specialty vehicle expertise to Force Protection," said Richard Schalter, president of Spartan Chassis. "This continued partnership significantly contributes to the compelling need of protecting the lives of those U.S. men and women that will utilize these vehicles, which are known for the unmatched level of troop safety they provide."

The prime procurement contract for approximately 200 vehicles, worth an estimated $214 million, was awarded to Force Protection by the U.S. Marine Corps and will be administered by the Marine Corps System Command.

The Cougar is a medium-sized, blast-protected vehicle produced in both four- and six-wheel configurations. The vehicle's V-shaped hull is designed to deflect the force of explosions away from passengers inside the armored hull. It can be customized for multiple tasks including urban patrol, route clearance support, troop transport, mine and explosive ordnance disposal, command and control, reconnaissance and as a lead convoy vehicle.

Force Protection's Buffalo and Cougar mine-protected vehicles have been deployed with U.S. and Allied forces since 2003 and have logged more than 1.6 million hours of combat operations in Iraq and Afghanistan.
 
Posted by Repoman75 on :
 
Here's the coming out party for the NAS investors who, like Cramer, have no idea about this company... setting up for the MRAP order...

Force Protection Vehicles Mark More Than Two Million Hours in Combat
Tuesday January 23, 9:00 am ET


LADSON, S.C.--(BUSINESS WIRE)--Force Protection, Inc. (NASDAQ:FRPT - News) today announced that its Buffalo and Cougar blast- and ballistic-protected vehicles have logged more than two million hours of combat operations in Iraq and Afghanistan since their initial deployment in 2003.

Due to their V-shaped steel hull design and cutting-edge blast protection technology, Force Protection's vehicles have established an unmatched record for troop safety in the face of thousands of attacks from improvised explosive devices (IEDs), land mines, and roadside bombs.

"This is an important milestone we mark today," said Force Protection Vice President for Program Management Damon Walsh. "It is representative of two important facts: first, that the vehicles are of the highest quality and are built to last; second, that our troops on the ground can count on them as the best possible defense against IEDs and other explosive threats. We are gratified to know that these vehicles are saving lives and are committed to making sure many more are available to protect our troops for millions of hours of combat operations to come."

Force Protection has experienced significant growth in the past year. The company presented more than 50 vehicles to the U.S. government in December 2006 alone, a 300 percent increase from vehicle deliveries in December 2005. With recently announced partnering agreements with other defense industry leaders such as Armor Holdings (NYSE:AH - News) and General Dynamics Land Systems (NYSE:GD - News), vehicle production is expected to increase even more dramatically.
 
Posted by PCola77 on :
 
Hey Repo, how much of the contract that is to be announced in a few days do you think is already factored into the price. In other words, do you think that if FRPT gets the contract it will be expected and the price will not move much, it will be shocking and the price will explode to the upside, or somewhere in the middle (like people assume they'll get the contract, but it's not fully reflected in the pps)?

Just curious what you think.
 
Posted by Repoman75 on :
 
I think it is only reflected in the price for those investors and companies who've received PP shares...

But for all those funds/institutions/investors that have absolutely no idea what this company is, they will buy in when it is announced (remember, it will appear as a GD/FRPT joint PR). It will run hard when the MRAP is announced. Probably good for at least a move to $25.

But then, I'm looking for analyst targets afterwards. Suntrust Analyst has us at $31 remember price target, and they are fully aware of us getting the contract.

Everyone else will be buying in as well and then setting price targets in the $30's, maybe $40's for '07.
 
Posted by Repoman75 on :
 
If you look at our trading the last week, it is mostly automated trading by the MM's just to create volume... no real interest yet because it is unknown.
 
Posted by Repoman75 on :
 
This last PR basically said to Cramer "Hey dipsh1t, we don't make 'safety vehicles' and we are not a new company".
 
Posted by Repoman75 on :
 
500K share block at $19.65... that's $10 mil. worth of stock... whoa.
 
Posted by PCola77 on :
 
Yeah, that was me. [Smile]
 
Posted by Repoman75 on :
 
I hope you bought and not sold.
 
Posted by PCola77 on :
 
Yeah, I figured what the hell, it's only $10million...
 
Posted by Jo4321 on :
 
That was my fat finger, I meant to buy 500 [Smile]

So all this downward movement is a result of the GD conference call? (just came home from the dentist and need an update)

Jo
 
Posted by Repoman75 on :
 
No.. I doubt it. No volume, no news, shorts (new figures come out tonight... last month was 4.9 mil), etc.

Same retrace we saw from $19 to $16 I think.
 
Posted by PCola77 on :
 
Repo, do you thikn the short numbers will be accurate? Any chance of shenanigans where they "forget" to count shorts from before it went to NASDAQ?
 
Posted by Repoman75 on :
 
I think they will be accurate.. there isn't naked shorting here, just legitimate shorts... we'll see.
 
Posted by trade04 on :
 
Repo, how low do you think this one will go?
 
Posted by PCola77 on :
 
He thinks it's done dropping [Smile]
 
Posted by Jo4321 on :
 
Well, guys, I did my best. I sold some FRPT shares yesterday in a misguided attempt to invoke the "reverse midas touch".

I think it may not have worked because they were not my shares, they were in my hubby's account.

[Smile]

Jo
 
Posted by PCola77 on :
 
Thanks for trying jo!
 
Posted by Jo4321 on :
 
Well, now I've probably gone and negated the "reverse midas touch" of the shares I sold yesterday by buying some more today.

Jo
 
Posted by Repoman75 on :
 
No lower than $19.10. Mark this post.
 
Posted by Repoman75 on :
 
It's in the bag!!! Just hang tight! Over 2000+ vehicles guaranteed for FRPT. READ AND LEARN.

http://www.nationaldefensemagazine.org/issues/2007/Febuary/Militaryservices.htm

Military services in the market for 4,000 blast-proof vehicles

By Sandra I. Erwin

Expectations that U.S. troops will not leave Iraq for the foreseeable future have prompted the military services to request an additional 4,000 mine-resistant armored vehicles.

Unlike armored humvees, mine-protected vehicles have V-shaped hulls and raised chasses, and are specifically designed to deflect bomb blasts. Side armor and bulletproof glass protect against small arms fire.

The Army and the Marine Corps have purchased several hundred of these vehicles in recent years, but the escalating violence in Iraq led to a decision last fall to boost the inventory.

In late December, vendors submitted bids for the so-called “mine-resistant ambush-protected” vehicles, or MRAP.

The MRAP program will cover a family of three categories of trucks. The Marine Corps currently is managing the program on behalf of the other services. The decision to acquire 4,000 more vehicles was driven by the assumption that these trucks can withstand roadside bombs and sniper attacks better than conventionally armored trucks, explained Capt. Jeff Landis, a spokesman for the Marine Corps Systems Command.

The command issued a request for industry bids in November for 4,060 vehicles — 2,500 for the Army, 538 for the Navy and 1,022 for the Marine Corps.

The Corps got $966 million in last year’s war emergency appropriation to buy 805 vehicles, but is counting on an additional $2 billion this year to acquire all 1,022. The other services also are expected to receive emergency war funds to pay for the vehicles. The price of each truck ranges from $400,000 to $750,000.

Three types of vehicles will be acquired under the MRAP program.

One is a mine-resistant six-passenger utility vehicle. It would be slightly larger than an armored humvee, with a V-shaped hull, ballistic glass, gun turret, undercarriage armor and a raised chassis. The Army plans to buy 463, the Navy 415 and the Marine Corps 538.

The second category is the 38,000-pound Cougar troop transport. The Cougar is a multipurpose, 12-ton mine-protected armored patrol vehicle that comes in 10-passenger and 16-passenger variants. Anticipated orders for this vehicle include 2,037 for the Army, 113 for the Navy and 420 for the Marine Corps.

The third category is the 45,000-pound Buffalo mine-clearing vehicle currently used by explosive ordnance disposal units. The Navy and the Marine Corps each will order 10 and 64 Buffaloes, respectively.


The MRAP program is billed as a competitive award, but two of the three categories of vehicles — the Cougar and the Buffalo — currently are made by one company, Force Protection Inc. At least 300 Cougars and Buffaloes have been deployed to Iraq so far.

“We wanted to open it up for competition to get the best available technology,” Landis said.

But in fact it will be only a limited competition. “It’s interesting that they call it a competition, when the only real competition is for category one,” said an industry executive.

Several industry representatives contacted for this article privately voiced frustration about the market dominance of Force Protection Inc. as the sole U.S. provider of mine-protected vehicles. They also wondered whether this new round of vehicle buys could be handled by the small company, whose manufacturing capacity is said to be about 40 vehicles per month.

A spokesman for Force Protection declined to comment for this article. A number of public announcements in recent months reveal that the company is trying to expand its manufacturing capacity by signing up partners to help produce the Cougar. Force Protection is a subcontractor to BAE Systems for the production of the Cougar for the Iraqi army. The company subsequently signed partnership deals with General Dynamics Land Systems and with Armor Holdings for the production of the Cougar for the U.S. military. Under the agreement, General Dynamics will build armored cabs as a subcontractor to Force Protection. Most recently, both companies created a joint venture to offer Force Protection’s Cougar 4x4 and 6x6 armored vehicles.

The succession of industrial alliances built by Force Protection creates a “very confusing picture” of the company’s actual capabilities to manufacture large quantities of vehicles, said one industry source.

In November, the Marine Corps awarded Force Protection a $125 million contract for 100 Cougars and 44 Buffaloes, which are scheduled to be delivered in November 2007. Another $69 million contract in December asked for an additional 100 Cougars. It expects to receive additional orders for several hundred more vehicles under the MRAP program. Force Protection also is producing Cougars for the U.K. military.

The Marine Corps will test one or more of the bidding contractors’ vehicles in the coming months, and production contracts are scheduled to be awarded in April 2007 for deliveries in July, Landis said.

As a possible competitor for the category one MRAP, Force Protection designed the Cheetah light tactical truck, which weighs 14,000 pounds, and is heavier than the 9,800-pound up-armored humvee.

Another vehicle expected to vie for the MRAP award is BAE Systems’ RG-33L six-wheel, 22-ton mine-protected vehicle. Raj Rajagopal, vice president and general manager at BAE Systems, said the RG-33L was jointly developed with the company’s OMC subsidiary in South Africa. General Dynamics is the U.S. distributor of smaller versions of that vehicle, the RG-31 and RG-32. “South Africans have led the world in mine-survivable vehicles,” Rajagopal told reporters.

The Army recently awarded General Dynamics a $77 million contract for 169 RG-31 Mk5 mine-protected vehicles, with options for nine more. BAE Systems’ OMC division in South Africa will manufacture the vehicles. Deliveries will begin in June 2007, General Dynamics said. The Mk5 is the latest version of the RG-31 vehicle family. The Army bought 94 RG-31 Mk5s in 2006 from General Dynamics, at a cost of nearly $43 million.

The RG-31 Mk5 is a contender for the category-one vehicle in the MRAP program, said a General Dynamics spokesman.

BAE Systems, for its part, is supporting the manufacture of the Cougar armored truck for Iraq under its partnership with Force Protection. Insiders point to the close similarities between the Cougar and the RG-33.

Also bidding in the MRAP program is Oshkosh Truck Corp., which has the rights to produce the Australian Bushmaster armored vehicle. The Bushmaster is in the same category as the RG-33 and the Cougar.

The Marine Corps Systems Command will proceed with the evaluation of the vehicles, but it is not yet clear that the Army will agree with the selection made by the Marines, industry sources said. “The Army isn’t putting money on the table. It’s waiting for the Marine Corps to select a vehicle and then they’ll decide,” an industry official said.

“Currently the Marine Corps has acquisition authority for the Army and the Navy,” said Landis. “We purchase MRAP vehicles for them using our contracting officials and expertise with the program to fulfill their vehicle requirements. Funding simply gets funneled through us, but we handle the contracting aspects and simply add their requirement numbers. The Army has purchased Cougar and Buffalo vehicles before,” said Landis. However, he added, the MRAP “has not been declared a joint program yet. There may possibly be a joint Army-Marine Corps acquisition board in the near future.”

Landis also noted that the MRAP category one vehicle should not be interpreted as the replacement for the humvee. “This is incorrect,” Landis said. “They each have very different missions.”
 
Posted by Jo4321 on :
 
I think there may still be awards to multiple companies for the Category II vehicles. I don't care as long as FRPT gets some and the Troops get them faster.

The current RFP doesn't even call for any Category III (Buffalo's) at this time, but we already heard from General Brogan that they are not competing that order.

All in all it sounds good. Is that an A/H close of $20.25?

Jo
 
Posted by Jo4321 on :
 
FRPT to be on CNN:

http://www.forceprotection.net/news/news_article.html?id=151

CNN to Feature Force Protection, Inc.
Publisher: Force Protection, Inc.
Date: 01/24/2007

Ladson, SC – Force Protection, Inc. (NASDAQ:FRPT) and its Buffalo and Cougar armored vehicles will be featured during the On the Rise business segment of CNN’s Anderson Cooper 360 Degrees program between 10:00 pm and 11:00 pm EST on Thursday, January 25, 2007.

Force Protection has experienced substantial corporate growth in the past 12 months. On the Rise will highlight the development of the company and its blast- and ballistic-protected vehicles that have proven to be an effective solution to counter improvised explosive devices, land mines, and roadside bombs.

“Our mission is to build vehicles that protect and save lives,” said Force Protection COO Ray Pollard. “We are gratified that the story of these vehicles and the vital role they fill in protecting our troops against explosive threats will be told by CNN.”

Several national news outlets have reported on Force Protection recently, including prime time features on CNBC, Bloomberg Television, the Associated Press, and lead news videos on The Wall Street Journal Online, Dow Jones MarketWatch, and Barrons.com that featured the company’s NASDAQ listing in New York on Thursday, January 18.

Force Protection’s Buffalo and Cougar vehicles have logged more than two million hours of combat operations since their initial deployment to Afghanistan in 2003. They have since withstood thousands of explosive attacks, establishing an unmatched record for troop safety.

About Force Protection

Force Protection, Inc. manufactures ballistic- and mine-protected vehicles through its wholly owned subsidiary. These specialty vehicles are protected against landmines, hostile fire, and Improvised Explosive Devices (IEDs, commonly referred to as roadside bombs). Force Protection's mine and ballistic protection technology is among the most advanced in the world. The vehicles are manufactured outside Charleston, S.C.

This release contains forward-looking statements, including, without limitation, statements concerning our business, future plans and objectives and the performance of our products. These forward-looking statements involve certain risks and uncertainties ultimately may not prove to be accurate. Actual results and future events could differ materially from those anticipated in such statements. Technical complications may arise that could prevent the prompt implementation of the strategic plan outlined above. The company cautions that these forward looking statements are further qualified by other factors including, but not limited to, those set forth in the company's Form 10-KSB filing and other filings with the United States Securities and Exchange Commission (available at http://www.sec.gov). The company undertakes no obligation to publicly update or revise any statements in this release, whether as a result of new information, future events or otherwise, except as required by law.
 
Posted by Repoman75 on :
 
Contract tomorrow??
 
Posted by Jo4321 on :
 
Reverse Midas Touch worked again????

Jo
 
Posted by Repoman75 on :
 
Jo, they are ripping you on IV huh... haha.. you tried to do good DD.. A for effort.
 
Posted by Jo4321 on :
 
LOL, it's only the one dude, cause he doesn't know how to read!

Now I know how you feel. [Smile]

Jo
PS: I thought I defended myself pretty good.
 
Posted by Repoman75 on :
 
And that jerkoff ProCD. I'd like to knock him out.. he just wrote a song about you.
 
Posted by Jo4321 on :
 
Oh, now him too. Well, he's just pissed because I stuck up for another newbie over there earlier today.

He thinks everyone who posts anything that isn't all sunshine and roses is a short. A bit paranoid that one.

Maybe I should send him MY song (the one you said was WACKO!)

Jo
PS: Are you banned over there again?
 
Posted by Repoman75 on :
 
Yes, I'm banned. What else is new... no need to post there, only read.
 
Posted by Jo4321 on :
 
quote:
Repoman wrote: Yes, I'm banned. What else is new... no need to post there, only read.

--------------------

I wondered why you didn't go to bat for me [Wink]

Jo
 
Posted by glassman on :
 
quote:
Originally posted by Repoman75:
Yes, I'm banned. What else is new... no need to post there, only read.

so repo, how many times have you been banned from all boards? what's your total?
i'm showing a heavy AH trading gain of 2.30 here.....
 
Posted by Repoman75 on :
 
Big gain, but small shares.. AM premarket should be interesting.

I'd say over 100 at least times... in the past year alone.
 
Posted by Jo4321 on :
 
FRPT is second on the shares most advanced after hours.

http://dynamic.nasdaq.com/dynamic/afterhourma.stm

Incidently, one of my big board losers, EBAY, is third on that list. This has been a good evening for me. (but believe it or not, still not green in EBAY)

Jo
 
Posted by PCola77 on :
 
I have to go get a medical treatment this morning for about 2 hours starting at 9:00. By the time I get to work it'll be about noon. I expect you all to have this approaching $30 pps by then [Smile]
 
Posted by Jo4321 on :
 
Guess you didn't win the powerball.

Jo
 
Posted by PCola77 on :
 
Nope. My office had $110 worth of tickets and won $3 on two tickets. Woo hoo!
 
Posted by Jo4321 on :
 
quote:
I have to go get a medical treatment this morning for about 2 hours starting at 9:00. By the time I get to work it'll be about noon. I expect you all to have this approaching $30 pps by then
Well, at least we are green.
 
Posted by Jo4321 on :
 
Moving now, $20.75 and heading for a new HOD at this rate. People getting in prior to the CNN mention tonight.

Jo
 
Posted by Repoman75 on :
 
On January 19, 2007, our Board of Directors appointed Michael S. Durski to the position of Chief Financial Officer. Mr. Durski will replace Mr. R. Scott Ervin as Chief Financial Officer. Mr. Ervin was appointed by the Board to serve as Acting Chief Financial Officer during the time the Board needed to fill the Chief Financial Officer position. Mr. Ervin will continue in his position as General Counsel.

Mr. Durski will receive an annual salary of $180,000 and will be eligible to participate in our benefit program, which includes health, dental, vision, and life insurance, paid time off, paid holidays, as well as our 401K retirement income plan. Mr. Durski will also receive a one-time relocation benefit allowance of $35,000.

Mr. Durski has held management level positions in finance at several companies over the course of the last 30 years. From January 2003 through January 2007, Mr. Durski worked as an independent business consultant on financial contract assignments for various commercial and non-commercial entities. From February 2002 through December 2002, Mr. Durski served as the Vice President of Finance and Administration, Chief Financial Officer and Secretary of Aastrom Biosciences, Inc., a NASDAQ-listed company. In this position, Mr. Durski managed all administrative and financial functions. From July 1999 to December 2001, Mr. Durski served as the Chief Financial Officer and Chairman of ZeptoMetrix Corporation, a company he co-founded. Mr. Durski was responsible for establishing management functions and systems for the new company including audit and legal functions. Mr. Durski holds a Bachelor of Science in Mathematics from the State University College at Buffalo and a Masters of Business Administration from Canisius College.
 
Posted by Jo4321 on :
 
Anyone watch Anderson Cooper (I don't have cable). Was the piece on FRPT on?

Jo
 
Posted by Stefan on :
 
I tuned in 45 minutes into the show and only saw a very short two minute piece at the very end of the show before the top of the hour. I don't know if they were featured earlier in the show. Hopefully somebody else can fill in the blanks. It was a nice short story, but if that was it, I was expecting more...
 
Posted by Jo4321 on :
 
No, apparently it was very short.

I found the transcript.Not a bad piece.


http://transcripts.cnn.com/TRANSCRIPTS/0701/25/acd.01.html

Christi Paul has more in tonight's "On the Rise".

(BEGIN VIDEOTAPE)

CHRISTI PAUL, CNN CORRESPONDENT (voice-over): U.S. Marine Corporal Michael Beckwith's job in Iraq is to search for and disarm explosive devices, or IEDs, while riding in an armored vehicle called the Buffalo.

UNIDENTIFIED FEMALE: He called home one day and he says, "Well, I blew up." My instant thought was, "Well, what are we talking about here? Are you in pieces?"

He says, "No, no, no, I'm fine. You know that animal I ride in? It saved our lives."

PAUL: Sarah Beckwith (ph) is grateful to Force Protection, the company which not only makes the Buffalo, but several other ballistic and blast-protected vehicles. The trucks have v-shaped hulls which split the force of a blast up and away from the crew compartment, increasing the chance for survival.

RAYMOND POLLARD, COO, FORCE PROTECTION: We have sustained in excess of 2,000 IED hits and land mines. If you would consider four to six people per vehicle, do the math. Unfortunately, we have had, as we know, three fatalities in our vehicles to date.

PAUL: Force Protection trucks have logged more than two million hours of combat operations in Iraq and Afghanistan since 2003.

POLLARD: Last year our revenues will be roughly four times what they were the year before.

PAUL: As the face of modern warfare keeps evolving so, too, will Force Protection.

POLLARD: The challenge is to constantly be innovating to thwart the latest threat.

(END VIDEOTAPE) (COMMERCIAL BREAK)

TO ORDER A VIDEO OF THIS TRANSCRIPT, PLEASE CALL 800-CNN-NEWS OR USE OUR SECURE ONLINE ORDER FORM LOCATED AT www.voxant.com
 
Posted by Jo4321 on :
 
Article from the street .com

(SIGH)

http://www.thestreet.com/_yahoo/newsanalysis/businessinsurance/10334593.html?cm_ ven=YAHOO&cm_cat=FREE&cm_ite=NA

From the same author that wrote the last story at the street.com on FRPT. http://www.thestreet.com/_tscs/newsanalysis/general/10332262.html

Guess she didn't get the desired result and had to try again.

Jo
 
Posted by Repoman75 on :
 
They quote the 10Q detective in that article... I hope that b*tch and the 10Q detective die in a fiery bus crash.
 
Posted by Repoman75 on :
 
I just sent her this... it's not war on the shorts.

Do you work for Al Queda? Are you Cramer's dog? Did he tell you to write 2 negative articles on FRPT since coming to the NAS? Is his hedge funds buddies short and losing their ass? Are you trying to save the 10Q detectives FAT ASS since he cost his readers almost 200% in profit from his original article saying "Don't buy FRPT now" when it was at $6? How about pointing out that only 3 US Servicemen have been KIA in FPI vehicles? How about indicating that they are a leading candidate to receive a good portion of the Department of Defense's MRAP contract, worth over $1 billion???

No, why should you? I hope someone you love is in Iraq, and driving a Hummer, and gets their limbs blown off by an IED. Then maybe you'll see the real value in FRPT.

 
Posted by Repoman75 on :
 
Jo, post my email over on the IV board for the cheerleaders.. tell them some guy named REPOMAN wrote it.
 
Posted by Jo4321 on :
 
Repo, did you really send that? I just don't think those kinds of letters are a good idea.

Well, the first part was okay, but the last line, not cool.

I guess you and I can disagree on occasion. [Smile]

Jo
 
Posted by Repoman75 on :
 
Yes I really sent it. Those b*stards are trying to make a stock I own go lower = me losing money = money not being able to pay my bills.

TO ME, YOU'RE ATTACKING ME PERSONALLY. So yes, I do hope personally, she gets killed in a fiery car crash and her husband gets his arms blown off. REAP WHAT SHE SEWS.
 
Posted by Repoman75 on :
 
Great story on NPR this morning about IED route clearance...Buffalo mentioned

The Buffalo is the star of the story and got mentioned numerous times. Talked about the safety, the mechanical arm, the camera, etc. Didn't mention Force Protection....but great exposure for the product........

Click the 'Listen' button at this link: http://www.npr.org/templates/story/story.php?storyId=7027614
 
Posted by Jo4321 on :
 
nice story. Seems more good press than bad, but who knows what the reaction will be today.

Jo
 
Posted by Stockstar69 on :
 
quote:
Originally posted by Repoman75:
Great story on NPR this morning about IED route clearance...Buffalo mentioned

The Buffalo is the star of the story and got mentioned numerous times. Talked about the safety, the mechanical arm, the camera, etc. Didn't mention Force Protection....but great exposure for the product........

Click the 'Listen' button at this link: http://www.npr.org/templates/story/story.php?storyId=7027614

I heard that this morning and it was good. Hey, Me and Repo agreed on something... [Eek!] Anyway, the story made me curious to look up the Buffalo and see what it is. Had no idea it was related to Force. Hmmm, and I do have some free cash in my account. [Big Grin]
 
Posted by Repoman75 on :
 
MRAP in less than 4 business days...
 
Posted by TimW on :
 
I guess she never has realized a successful company. The Head Honchos tend to come out rich. Thats the idea isnt it. lol.

thestreet could not be any more blind.
 
Posted by Jo4321 on :
 
=DJ Marines On Cusp Of Launching Big Buy Of Combat Vehicles

01/26/2007
Dow Jones News Services
(Copyright © 2007 Dow Jones & Company, Inc.)



By Rebecca Christie
Of DOW JONES NEWSWIRES

WASHINGTON (Dow Jones)--The U.S. Marines are poised to pick contractors for a new generation of armored combat vehicles, kicking off billions of dollars in coming Pentagon purchases.

Contract announcements for the Mine-Resistant Ambush-Protected (MRAP) vehicles could come as soon as Friday. The Marines are working with the Army and the Navy on the program, which aims to get about 4,100 new vehicles to troops by the end of this year.

"I expect to be on contract with a large number before the end of this month," said Marine Corps Brig. Gen. Michael Brogan, head of Marine Corps Systems Command, in Jan. 16 congressional testimony.

About $1 billion in 2007 funding is laid in for vehicles and related equipment. Over time, the program could lead to more big contracts and also give participants an edge in the Defense Department's upcoming search for a Humvee replacement.

Contractors are lining up for the project, which is almost certain to include multiple vendors.

General Dynamics Corp. (GD) has two entries, one by itself and one in partnership with Force Protection Inc. (FRPT). BAE Systems PLC (BAESY) is another contender. Other companies working on armored combat vehicles include Oshkosh Truck Corp. (OSK) and Textron Inc.'s (TXT) Textron Systems unit.

By picking multiple contractors, the Marines hope to avoid capacity problems that have plagued the Pentagon during the Iraq and Afghanistan wars. For example, Armor Holdings Inc. (AH) and its partner AM General LLC had trouble keeping up with demand for up-armored Humvees.

Likewise, Force Protection drew criticism for its difficulty filling orders for its armored vehicles, which include the Buffalo minesweeper and the Cougar troop transport. Brogan said Force Protection has done a good job of overcoming its growing pains, but the Marines need more options.

"Our strategy will be to procure two vehicles from each vendor," Brogan said. Each vehicle will be tested for its ability to resist blasts and handle combat maneuvers. Production contracts could follow by fall.

Lawmakers have supported Pentagon requests for earmarks and budget reprogramming to pay for these vehicles. Interest remains high, as shown in two House Armed Services Committee subcommittee hearings last week.

Initial plans call for the Marines to buy about 1,022 of the new vehicles. The Army seeks an initial buy of 2,500, and the Navy also has signed on. The Army is eyeing additional vehicles as part of a "phase two" procurement.

"We will have to go onto maybe two, three, maybe four vendors depending on the types of systems," said Maj. Gen. Jeffrey Sorenson, in a Jan. 18 congressional hearing. "Ramping that production line up will probably be the next challenge."

Analysts estimate the wheeled vehicle market could be worth $10 billion in coming years. The Army-led Humvee replacement program, known as the Joint Light Tactical Vehicle program, will take shape over the next 12 months.

That program will be a separate purchase, although it probably will incorporate technology from the mine-resistant vehicle program, said Marine Corps spokesman Capt. Jeff Landis.

Many of the same companies are likely to compete, along with other contenders like Lockheed Martin Corp. (LMT), Armor Holdings Inc. and AM General, which has formed a joint venture with General Dynamics to compete for that project.

-By Rebecca Christie, Dow Jones Newswires; 202-862-9243; rebecca.christie*dowjones.com


(END) Dow Jones Newswires

01-26-07 1422ET

Copyright (c) 2007 Dow Jones & Company, Inc.
 
Posted by Repoman75 on :
 
Gonna be another Dom Perignon weekend...
 
Posted by PCola77 on :
 
OK, call me crazy, but I just doubled down. Wish me luck!

Edit: I probably have like 10% of what Repo has now [Smile]
 
Posted by Repoman75 on :
 
I almost bought another 5K on margin... no guts though.. wish I was drunk now, I would have done it.
 
Posted by PCola77 on :
 
5K Shares or dollars worth?
 
Posted by Repoman75 on :
 
5K shares! Should I do it at $20?? If we hit $30, that's $50K!
 
Posted by Jo4321 on :
 
I bought some more too Pcola, but now I'm hoping people don't react negatively to this latest news because it implies that we wont' get the entire contract. I pretty much expected that would be the case, but maybe others did not.

Jo
 
Posted by Repoman75 on :
 
No no no!

You're reading it wrong! It's 2 articles in 1:

First part: (FRPT will win CAT II and CAT III)

The U.S. Marines are poised to pick contractors for a new generation of armored combat vehicles, kicking off billions of dollars in coming Pentagon purchases.

Contract announcements for the Mine-Resistant Ambush-Protected (MRAP) vehicles could come as soon as Friday. The Marines are working with the Army and the Navy on the program, which aims to get about 4,100 new vehicles to troops by the end of this year.

"I expect to be on contract with a large number before the end of this month," said Marine Corps Brig. Gen. Michael Brogan, head of Marine Corps Systems Command, in Jan. 16 congressional testimony.

About $1 billion in 2007 funding is laid in for vehicles and related equipment.

2nd part: (worth $10 billion)
Over time, the program could lead to more big contracts and also give participants an edge in the Defense Department's upcoming search for a Humvee replacement. Contractors are lining up for the project, which is almost certain to include multiple vendors.

General Dynamics Corp. (GD) has two entries, one by itself and one in partnership with Force Protection Inc. (FRPT). BAE Systems PLC (BAESY) is another contender. Other companies working on armored combat vehicles include Oshkosh Truck Corp. (OSK) and Textron Inc.'s (TXT) Textron Systems unit.
(continued)
 
Posted by Jo4321 on :
 
Perhaps, but if I'm reading it wrong. How many others are as well?

Also, this part makes me nervous.

"Our strategy will be to procure two vehicles from each vendor," Brogan said. Each vehicle will be tested for its ability to resist blasts and handle combat maneuvers. Production contracts could follow by fall"

That seems like a pretty long timetable.

I know there is that waiver of testing though.

Jo
 
Posted by Repoman75 on :
 
JO - how much info. do you need except the actual contract to confirm we will we win????
 
Posted by PCola77 on :
 
That's what I was curious about too. If the contract announcement is coming ina few days, what did they mean by getting 2 vehicles from each for testing. Poorly worded article at best.

quote:
Originally posted by Jo4321:
Perhaps, but if I'm reading it wrong. How many others are as well?

Also, this part makes me nervous.

"Our strategy will be to procure two vehicles from each vendor," Brogan said. Each vehicle will be tested for its ability to resist blasts and handle combat maneuvers. Production contracts could follow by fall"

That seems like a pretty long timetable.

I know there is that waiver of testing though.

Jo


 
Posted by CC811 on :
 
I agree w/Repo... NOBODY can produce 4100 vehicles from fall to EOY. They're separate contracts.
 
Posted by PCola77 on :
 
By the way Repo, I don't thikn either jo or myself are WORRIED per se about getting te contract, just about the potential of others to misread it.

However, I thikn it will all take care of itself next week either way.
 
Posted by Jo4321 on :
 
Repo, I'M sure that we are getting the contract. I just wonder how others will react to the way the PR is written.

I'm really getting weary of the drops over the past few days.

So, did you pull the trigger?
 
Posted by Repoman75 on :
 
No, I did not pull the trigger... I know what brokerage houses can do in terms of changing marginability and I don't want to get caught with pants around my ankles.

I could care less how anyone reads it.. it's not even on the newswires, just DJ. Don't buy, don't cover... I'm not worried about other people making money. Let them chase when the PR comes out on Monday.
 
Posted by Jo4321 on :
 
From what I can see that PR has not hit Fidelity yet, or the wires. Though it does seem that there are folks taking notice.

Jo
 
Posted by Repoman75 on :
 
Look at this:

http://xml.10kwizard.com/filing_raw.php?repo=tenk&ipage=4619570

and this:

http://www.cnbc.com/id/15837275?q=frpt


Huge fund just bought in...
 
Posted by PCola77 on :
 
Could that account for the 500K block we saw yesterday or the day before?
 
Posted by Repoman75 on :
 
Perhaps, but they own 7% of the float (5 million shares)... that's more than 500K shares.
 
Posted by trade04 on :
 
i think frpts rockin otcbb swing days are over..this is the Q now...jmo
 
Posted by Repoman75 on :
 
Trade04 - if we don't see massive movement when the contract is rewarded, I'm sellling my whole position because then I will know that the NAS is rigged.
 
Posted by Stefan on :
 
SEND THE MONEY!!!

Warrenville, Ill., are being awarded firm-fixed-price, indefinite-delivery/indefinite-quantity multiple award contract for Mine Resistant Ambush Protected (MRAP) vehicles. The Government can order up to 4,100 MRAP vehicles composed of 1,500 Category I and 2,600 Category II. Each awardee will receive an initial delivery order for two test vehicles per Category to include associated vehicle support. The total value of the initial delivery orders for 36 test vehicles is $34,574,582. The Government may place additional delivery orders for production vehicles. Vehicles procured under these contracts will be deployed to and supported in Iraq and Afghanistan. Initial test vehicles will be delivered no later than 60 days after contract award. Logistics support will continue up to two years after fielding for test and any production vehicles. Work will be performed respectively in York, Pa.; Oshkosh, Wis.; North Charleston, S.C.; York, Pa.; Ladson, S.C.; Sealy, Texas; New Orleans, La.; New Haven, Mich.; Westpoint, Miss., and work is expected to be completed January 2008 (2012 with options). Contract funds will not expire at the end of the current fiscal year. These contracts were awarded based on full and open competition from solicitation M67854-07-R-5000. The Marine Corps Systems Command, Quantico, Va., is the contracting activity. (Contract Numbers: BAE Systems- M67854-07-D-5025; Oshkosh Truck Corporation- M67854-07-D-5026; Protected Vehicles, Inc.- M67854-07-D-5027; General Dynamics Land Systems- M67854-07-D-5028; Force Protection Industries- M67854-07-D-5031; Armor Holdings- M67854-07-D-5030; Textron Marine & Land- M67854-07-D-5033; General Purpose Vehicles LLC- M67854-07-D-5029; International Military and Government LLC- M67854-07-D-5032).
 
Posted by cspaude on :
 
Did you guys see the after hours drop? Almost 10%. What's going on here?
 
Posted by TimW on :
 
Thestreet talked about the stock.. what do you expect?

Realistically though is its pulling back for the run on the news [Big Grin]
 
Posted by PCola77 on :
 
Crap, wish you would have posted earlier, I would have loved to have bought more in the $18 range.

Maybe I'll still be able to, come Monday.

Apparently form4s were also put out today, showing an insider sold 1million shares. But apparently it was a planned sale, so that shouldn't cause a drop.

I can't understand what the drop can be attributed to.

Hopefully someone else can enlighten me.

I get the feeling Repo won't be a happy man next time he logs on....
 
Posted by Jo4321 on :
 
Why does that contract start out with Warrendale, IL, but not company name. Kind of confusing.

So am I seeing this right $18.15 in afterhours? Well, the other day it was $22.49 in after hours and that meant nothing for the open, cause it opened in the low 20's, so I hope the same thing is happenning here.

The insider sales, though planned, seem to always have that effect. Also, I think a lot of people were thinking that FRPT was getting the entire contract and that it would be immediate, not subject to testing (and this may still be the case, they may still waive that testing requirement).

BTW, where is "Force Dynamics" in this announcement? This could also be a problem.

Gosh, who knows. It's going to be a long weekend just trying to absorb all this.

Jo
 
Posted by otc4me on :
 
CONTRACTS from the United States Department of Defense

No. 095-07
FOR RELEASE AT
January 26, 2007
Media Contact: (703) 697-5131/697-5132
Public/Industry(703) 428-0711

CONTRACTS

MISSILE DEFENSE AGENCY

Sparta, Inc., of Lake Forest, Calif., is being awarded a $154,659,489 cost-plus-fixed-fee (level of effort) contract for scientific, engineering and technical assistance support as part of the National Team in the areas of ballistic missile defense and related technology. Work will be performed at Chantilly, Va., and Missile Defense facilities and is expected to be complete by January 2012. Contract funds of $27,655 will expire at the end of the fiscal year. This is a sole source contract award. The Missile Defense Agency, Washington, DC is the contracting activity (HQ0006-07-C-0001).

NAVY

Warrenville, Ill., are being awarded firm-fixed-price, indefinite-delivery/indefinite-quantity multiple award contract for Mine Resistant Ambush Protected (MRAP) vehicles. The Government can order up to 4,100 MRAP vehicles composed of 1,500 Category I and 2,600 Category II. Each awardee will receive an initial delivery order for two test vehicles per Category to include associated vehicle support. The total value of the initial delivery orders for 36 test vehicles is $34,574,582. The Government may place additional delivery orders for production vehicles. Vehicles procured under these contracts will be deployed to and supported in Iraq and Afghanistan. Initial test vehicles will be delivered no later than 60 days after contract award. Logistics support will continue up to two years after fielding for test and any production vehicles. Work will be performed respectively in York, Pa.; Oshkosh, Wis.; North Charleston, S.C.; York, Pa.; Ladson, S.C.; Sealy, Texas; New Orleans,
La.; New Haven, Mich.; Westpoint, Miss., and work is expected to be completed January 2008 (2012 with options). Contract funds will not expire at the end of the current fiscal year. These contracts were awarded based on full and open competition from solicitation M67854-07-R-5000. The Marine Corps Systems Command, Quantico, Va., is the contracting activity. (Contract Numbers: BAE Systems- M67854-07-D-5025; Oshkosh Truck Corporation- M67854-07-D-5026; Protected Vehicles, Inc.- M67854-07-D-5027; General Dynamics Land Systems- M67854-07-D-5028; Force Protection Industries- M67854-07-D-5031; Armor Holdings- M67854-07-D-5030; Textron Marine & Land- M67854-07-D-5033; General Purpose Vehicles LLC- M67854-07-D-5029; International Military and Government LLC- M67854-07-D-5032).


GSC Construction, Inc.*, Augusta, Ga., is being awarded a $6,068,666 firm-fixed-price contract for construction of the munitions facilities at Shaw Air Force Base. The work to be performed provides for the construction of the munitions administration/mobility storage building, four-bay maintenance facility, and storage igloo. The work for each new building includes communication and fire protection systems, all supporting utilities, and site work consisting of parking aprons, access drives, and landscaping. The contract contains one option at $689,279, which may be exercised within 90 calendar days, bringing the total contract amount to $6,757,945. Work will be performed in Sumter, S.C., and is expected to be completed by June 2008. Contract funds will not expire at the end of the current fiscal year. This contract was competitively procured via the Naval Facilities Engineering Command e-solicitation website with three offers received. The Naval Facilities Engineering
Command, Southeast, Jacksonville, Fla., is the contracting activity (N69450-07-C-1776).

* Small Business

[Web Version: http://www.defenselink.mil/Contracts...ntractID=3441]

-- DODCONTRACTS-L distributes DoD contract announcements
-- Contracts: http://www.defenselink.mil/contracts/
-- DoD News: http://www.defenselink.mil/news/dodnews.html
-- Subscribe/Unsubscribe/FAQ: http://www.defenselink.mil/news/e-mail.html
-- Today in DoD: http://www.defenselink.mil/today/

-- U.S. Department of Defense Official Website - http://www.defenselink.mil
-- U.S. Department of Defense News About the War on Terrorism -
http://www.defendamerica.mil
 
Posted by otc4me on :
 
CONTRACTS from the United States Department of Defense

No. 095-07
FOR RELEASE AT
January 26, 2007
Media Contact: (703) 697-5131/697-5132
Public/Industry(703) 428-0711

CONTRACTS

MISSILE DEFENSE AGENCY

Sparta, Inc., of Lake Forest, Calif., is being awarded a $154,659,489 cost-plus-fixed-fee (level of effort) contract for scientific, engineering and technical assistance support as part of the National Team in the areas of ballistic missile defense and related technology. Work will be performed at Chantilly, Va., and Missile Defense facilities and is expected to be complete by January 2012. Contract funds of $27,655 will expire at the end of the fiscal year. This is a sole source contract award. The Missile Defense Agency, Washington, DC is the contracting activity (HQ0006-07-C-0001).

NAVY

BAE Systems, Ground Systems Division, Santa Clara, Calif.; Oshkosh Truck Corporation, Oshkosh, Wis.; Protected Vehicles, Inc., North Charleston, S.C.; General Dynamics Land Systems - Canada Corporation, Ontario, Canada; Force Protection Industries, Inc., Ladson, S.C.; Armor Holdings, Inc., Sealy, Texas; Textron Marine & Land Systems, New Orleans, La.; General Purpose Vehicles, LLC., New Haven, Mich.; International Military and Government LLC, Warrenville, Ill., are being awarded firm-fixed-price, indefinite-delivery/indefinite-quantity multiple award contract for Mine Resistant Ambush Protected (MRAP) vehicles. The Government can order up to 4,100 MRAP vehicles composed of 1,500 Category I and 2,600 Category II. Each awardee will receive an initial delivery order for two test vehicles per Category to include associated vehicle support. The total value of the initial delivery orders for 36 test vehicles is $34,574,582. The Government may place additional delivery orders for
production vehicles. Vehicles procured under these contracts will be deployed to and supported in Iraq and Afghanistan. Initial test vehicles will be delivered no later than 60 days after contract award. Logistics support will continue up to two years after fielding for test and any production vehicles. Work will be performed respectively in York, Pa.; Oshkosh, Wis.; North Charleston, S.C.; York, Pa.; Ladson, S.C.; Sealy, Texas; New Orleans, La.; New Haven, Mich.; Westpoint, Miss., and work is expected to be completed January 2008 (2012 with options). Contract funds will not expire at the end of the current fiscal year. These contracts were awarded based on full and open competition from solicitation M67854-07-R-5000. The Marine Corps Systems Command, Quantico, Va., is the contracting activity. (Contract Numbers: BAE Systems- M67854-07-D-5025; Oshkosh Truck Corporation- M67854-07-D-5026; Protected Vehicles, Inc.- M67854-07-D-5027; General Dynamics Land Systems-
M67854-07-D-5028; Force Protection Industries- M67854-07-D-5031; Armor
Holdings- M67854-07-D-5030; Textron Marine & Land- M67854-07-D-5033; General Purpose Vehicles LLC- M67854-07-D-5029; International Military and Government LLC- M67854-07-D-5032)

GSC Construction, Inc.*, Augusta, Ga., is being awarded a $6,068,666 firm-fixed-price contract for construction of the munitions facilities at Shaw Air Force Base. The work to be performed provides for the construction of the munitions administration/mobility storage building, four-bay maintenance facility, and storage igloo. The work for each new building includes communication and fire protection systems, all supporting utilities, and site work consisting of parking aprons, access drives, and landscaping. The contract contains one option at $689,279, which may be exercised within 90 calendar days, bringing the total contract amount to $6,757,945. Work will be performed in Sumter, S.C., and is expected to be completed by June 2008. Contract funds will not expire at the end of the current fiscal year. This contract was competitively procured via the Naval Facilities Engineering Command e-solicitation website with three offers received. The Naval Facilities Engineering
Command, Southeast, Jacksonville, Fla., is the contracting activity (N69450-07-C-1776).

* Small Business


[Web Version: http://www.defenselink.mil/Contracts...ntractID=3441]

-- DODCONTRACTS-L distributes DoD contract announcements
-- Contracts: http://www.defenselink.mil/contracts/
-- DoD News: http://www.defenselink.mil/news/dodnews.html
-- Subscribe/Unsubscribe/FAQ: http://www.defenselink.mil/news/e-mail.html
-- Today in DoD: http://www.defenselink.mil/today/

-- U.S. Department of Defense Official Website - http://www.defenselink.mil
-- U.S. Department of Defense News About the War on Terrorism -
http://www.defendamerica.mil
 
Posted by otc4me on :
 
posted by Ghost RM on another board, read the last few paragraphs. i believe we will be fine .

Posted by: GhostRM
In reply to: None Date:1/24/2007 7:07:52 PM
Post #of 712

IF YOU ARE SCARED, READ THIS POST NOW!

It's in the bag!!! Just hang tight! Over 2000+ vehicles guaranteed for FRPT. READ AND LEARN.

http://www.nationaldefensemagazine.o...ryservices.htm

Military services in the market for 4,000 blast-proof vehicles

By Sandra I. Erwin

Expectations that U.S. troops will not leave Iraq for the foreseeable future have prompted the military services to request an additional 4,000 mine-resistant armored vehicles.

Unlike armored humvees, mine-protected vehicles have V-shaped hulls and raised chasses, and are specifically designed to deflect bomb blasts. Side armor and bulletproof glass protect against small arms fire.

The Army and the Marine Corps have purchased several hundred of these vehicles in recent years, but the escalating violence in Iraq led to a decision last fall to boost the inventory.

In late December, vendors submitted bids for the so-called “mine-resistant ambush-protected” vehicles, or MRAP.

The MRAP program will cover a family of three categories of trucks. The Marine Corps currently is managing the program on behalf of the other services. The decision to acquire 4,000 more vehicles was driven by the assumption that these trucks can withstand roadside bombs and sniper attacks better than conventionally armored trucks, explained Capt. Jeff Landis, a spokesman for the Marine Corps Systems Command.

The command issued a request for industry bids in November for 4,060 vehicles — 2,500 for the Army, 538 for the Navy and 1,022 for the Marine Corps.

The Corps got $966 million in last year’s war emergency appropriation to buy 805 vehicles, but is counting on an additional $2 billion this year to acquire all 1,022. The other services also are expected to receive emergency war funds to pay for the vehicles. The price of each truck ranges from $400,000 to $750,000.

Three types of vehicles will be acquired under the MRAP program.

One is a mine-resistant six-passenger utility vehicle. It would be slightly larger than an armored humvee, with a V-shaped hull, ballistic glass, gun turret, undercarriage armor and a raised chassis. The Army plans to buy 463, the Navy 415 and the Marine Corps 538.

The second category is the 38,000-pound Cougar troop transport. The Cougar is a multipurpose, 12-ton mine-protected armored patrol vehicle that comes in 10-passenger and 16-passenger variants. Anticipated orders for this vehicle include 2,037 for the Army, 113 for the Navy and 420 for the Marine Corps.

The third category is the 45,000-pound Buffalo mine-clearing vehicle currently used by explosive ordnance disposal units. The Navy and the Marine Corps each will order 10 and 64 Buffaloes, respectively.

The MRAP program is billed as a competitive award, but two of the three categories of vehicles — the Cougar and the Buffalo — currently are made by one company, Force Protection Inc. At least 300 Cougars and Buffaloes have been deployed to Iraq so far.
 
Posted by otc4me on :
 
the only competition involved in this contract is in the first category(small vehicle) in which Force Protection will get part of with the Cheetah model.

two of the three categories (or Category II as worded in the DOD contract listed a few posts above)will be awarded totally to Force Protection (as worded in the above article)which adds up to the majority of the MRAP contract.

the only question is how and when they will be awarded. it appears they are breaking the contracts up in lots so we will have to wait to see how this works out.
 
Posted by cspaude on :
 
I keep trying to figure out why any company execs would be selling out when the company has so much ahead of it. I guess the way I see it is they have to plan ahead for the sale, and seeing that the CFO(if I remember right) is only getting $180K a year salary, you can bet your a$$ I'd be selling a few shares at $20 if I bought a boatload at $1.XX. Nothing to worry about here, just someone who wants Christmas twice a year IMO.
I think when everyone has done their DD, they'll see this award is a real good thing.
 
Posted by Repoman75 on :
 
Everything is fine I believe so far...

A. Planned insider sales... they've been happening since $7 and look at what the PPS has done since then.
B. IMO, this DoD news is for testing of Vehicles for Cat I and maybe some of Cat II - however, it says this:
The Government may place additional delivery orders for production vehicles.
The Cougar is already a production vehicle! And, I think Force Dynamics isn't listed because of 2 reasons:
1. They were still updating some type of registration code..
2. They will be getting a huge contract for CAT II (Cougars) Monday or Tuesday. The Marine General on CSPAN said he was ready to order 800 vehicles and has the money by the end of January - HE SAID those vehicles were Cougars on CSPAN!

Therefore, all of this leads to me believe that the Cougar 6x6 will win Cat II with Force Dynamics (split with GD).

Thos 7 entries are for CAT I... Force Dynamics is not considered, but that's okay. Force Protection is and will submit the Cheetah. If they win, they will partner with AH to build.

So, I expect a selloff on Monday because of the insider sales and because people can't read contracts and don't do enough DD... however, if it drops under $19, I will use margin to buy because I expect a big order within 2 days - MRAP CAT II (and CAT III for Buffalo).

So am I unhappy? No... not unless I don't see that big order.
 
Posted by a surfer on :
 
quote:
Originally posted by cspaude:
I keep trying to figure out why any company execs would be selling out when the company has so much ahead of it. I guess the way I see it is they have to plan ahead for the sale, and seeing that the CFO(if I remember right) is only getting $180K a year salary, you can bet your a$$ I'd be selling a few shares at $20 if I bought a boatload at $1.XX. Nothing to worry about here, just someone who wants Christmas twice a year IMO.
I think when everyone has done their DD, they'll see this award is a real good thing.

Exactly.... Hell if I owned a over a million shares I would sell some too....walk away with 18-20 mil. SEE Ya..

The company did sell off 10 million shares in Dec. to raise capital correct?? It didn't affect the price then so 1/10th, albeit for a different cause, should mean nothing in the face of the afformentioned contracts.
 
Posted by Rhyz on :
 
Insider selloff on the company intally always means a drop n price. Like Repo said they've been doing it for some time now. And all have been planned. The contracts for the CAT II and CAT III are huge, and our JV is just the icing on the cake. Output will shine this year. And part contracts for the will be another added bonus.

Listen to Repo and Mall they know this stock very very well. This is going to be one hellva year.

Myself I'm sitting LT with free shares, been in this since May like and flipped alot but now I'm just holding.
 
Posted by Jo4321 on :
 
I understand about the sales being "planned". And I don't begrudge people taking some profits. However, did he HAVE to sell all 1,000,000 that he just got earlier in the month? You'd think he'd spread it out over a few months to show confidence in the company. This way he just looks greedy.

There's something else I dont' understand about the 8-K if someone could look at at. It shows that he disposed of 1,000,000 shares, but then in block 9 of table 2, it says he now has 500,000 shares.

But previously, it shows him having 1,011,561 shares (block 5 of table 1).

Where did the other 488,439 shares come from?

Jo
 
Posted by otc4me on :
 
i think friday AH might have been a kneejerk reaction to the insider trading along with the DOD contract not being in clear favor of Force Protection.

First,the insider selling was planned however no one likes to see insiders selling and the timing was terrible but lets face it .70 to the 20's, who can blame them for cashing in on some stock.

second, as i pointed out in a previous post Force Protection will have the majority of the MRAP contract although that was not evident by reading the first DOD contract announcment but i do believe it will be clear very soon.
 
Posted by Repoman75 on :
 
All analyst ratings to buy or strong buy:

http://moneycentral.msn.com/investor/invsub/analyst/recomnd.asp?Symbol=FRPT
http://new.quote.com/stocks/analysts.action?s=FRPT
https://www.suntrustrh.com/EquityRsrch/CompanyView/..%5Cdisclosure.asp?ticker=FR PT
http://clearstation.etrade.com/cgi-bin/fundamentals?Event=analysts&Symbol=FRPT&n /a
http://www.zacks.com/research/report.php?type=rec&t=FRPT
http://www.marketwatch.com/tools/quotes/ratings.asp?symb=FRPT&sid=1935031
http://stocks.us.reuters.com/stocks/recommendations.asp?symbol=FRPT.O&WTmodLOC=L 2-LeftNav-24-Recommendations
http://caps.fool.com/Ticker.aspx?ticker=FRPT
http://www.newratings.com/analyst_news/article_1455916.html


This stupid one is the only one for sell.
http://ratings.thestreet.com/tools/basic/ratings.html?s=FRPT

So all of those are wrong? Thestreet.com is the only one that's valid?
Do not get fooled by them. Thestreet.com is on the shorts side.
Hold all of your shares and get a big return in years to come from FRPT.
Go FRPT!
 
Posted by Rhyz on :
 
Never listen to thestreet nor that a** Cramer. [Smile]
 
Posted by Jo4321 on :
 
http://www.strategypage.com/htmw/htarm/articles/20070128.aspx


The Corps Craves More Cougars

January 28, 2007: The U.S. Marine Corps wants to get 3,000 more "bomb resistant vehicles," in addition to the 1,022 is already getting (and will have all of by the end of the year).


Most of these bomb resistant vehicles are called Cougars, and the marines want to replace armored hummers with Cougars in the most dangerous jobs. Troops in Cougars are safer than those in hummers. But the Cougar, and larger Buffalo, are more expensive to operate, and less flexible than the hummer.


The Cougar and Buffalo vehicles use a capsule design to protect the passengers and key vehicle components mines and roadside bombs. The bulletproof Cougars and Buffalos are built using the same construction techniques pioneered by South African firms that have, over the years, delivered over 14,000 landmine resistant vehicles to the South African armed forces. The South African technology was imported into the U.S. in 1998, and has already been used in the design of vehicles used by peacekeepers in the Balkans.


The 7-12 ton Cougar also has a version called JERRV (joint explosive ordnance disposal rapid response Vehicles). Basically, JERRV is a 12 ton truck that is hardened to survive bombs and mines. The Cougar can get engineers into combat situations where mines, explosives or any kind of obstacle, have to be cleared. The Cougar comes in two basic versions. The four wheel one can carry ten passengers, the six wheel one can carry 16. The trucks cost about $730,000 each, fully equipped.


About 20 percent of these bomb-resistant wheeled vehicles are Buffalos. This is a 23 ton vehicle, which is actually a heavily modified Peterbuilt Mac-10 truck. Costing $740,000 each, they have added armor protection to keep out machine-gun bullets. All this protection enables the vehicle to survive mines (or bombs). The Buffalo clears mines using a roller that it pushes in front of it, detonating the mines without taking any damage. The 27 foot long Buffalo can also detect anti-tank mines, for later clearing. It's sensors can do this with a 90 percent accuracy (it will generate false positives as well). While top speed is 105 kilometers an hour, when detecting or clearing mines, it moves at about five kilometers an hour. The Buffalo has a five man crew.


The Buffalo is a specialized route clearing vehicle, while the Cougar is more of a hummer replacement. However, outside of Iraq, where roadside bombs are so common, the Cougar would be more expensive to maintain and operate than the hummer. The Cougar has more space inside, but that's because it's a larger, and more expensive, vehicle. But if you are likely to encounter a roadside bomb, a Cougar is the safest ride.
 
Posted by Repoman75 on :
 
Gonna be interesting this morning... got my buy order ready if it dips below $18. Margin, here I come!
 
Posted by Repoman75 on :
 
Ahead of the Bell: Defense Contractors
Monday January 29, 8:36 am ET
Defense Department Picks Host of Companies to Build New Combat Vehicles for Marines


NEW YORK (AP) -- Shares of several of defense contractors picked to build new combat vehicles for the Marine Corps. may get a boost Monday trading.
Late Friday, the Defense Department named a slate of companies awarded contracts for up to 4,100 "Mine Resistant Ambush Protected" vehicles for the Marines and other military services.

Each company will start with an order for four test vehicles, two each in two different groups, to be delivered within 60 days. The program calls for 1,500 "Category I" vehicles and 2,600 larger "Category II" vehicles, and also calls for maintenance work on the vehicles.

The total value of the initial order is $34.6 million, with the potential bill rising past $1 billion as the vehicles chosen are deployed to the wars in Iraq and Afghanistan this year.

The companies picked include General Dynamics Corp., Force Protection Inc., Armor Holdings Inc., Textron Inc., BAE Systems PLC, and Oskosh Truck Corp.. Privately held Protected Vehicles Inc., International Military and Government LLC, and General Purpose Vehicles LLC were also named in the award.
 
Posted by Jo4321 on :
 
Repo, your girl is back writing her slanderous drivel. Might get your buy-in point soon.

http://www.thestreet.com/_yahoo/newsanalysis/general/10335436.html
 
Posted by Repoman75 on :
 
Now you see why I want her to die a horrible death?
 
Posted by Jo4321 on :
 
Well, actually, she may be helping us. I'm thinking of getting more if it dips too.

She obviously has not studied the RFP for the MRAP or she would know that it was never expected to get all the order. And that the "testing order" would come first.

Jo
 
Posted by Repoman75 on :
 
I still say we get the 800 Cougar order this week. Marines have the funds, and claim they want it sooner or later.. why wait till April to award it and then have to worry about ramping up production?

Award the 800, and then test the rest for the remainder. We will win those too.
 
Posted by Jo4321 on :
 
Agreed.

And, here comes the "street" effect.

Jo
 
Posted by Repoman75 on :
 
Got my order in... dip to $18.50 or lower, and I'll confirm it.
 
Posted by Jo4321 on :
 
Well, we are getting close to that.

Where do you think the bottom might be for a purchase?

Jo
 
Posted by PCola77 on :
 
I'm guessing he thinks it's $18.50, silly!
 
Posted by Jo4321 on :
 
Well, he said $18.50 OR LOWER, Silly [Smile]
 
Posted by PCola77 on :
 
I think he was saying he's putting his order at $18.50, and if it gets lower than that, he'll confirm tat his buy went through [Smile]
 
Posted by Repoman75 on :
 
Actually...my order is for $18.50, but I haven't confirmed it yet.

So you're both right.. or wrong.
 
Posted by Jo4321 on :
 
LOl, well, I went for $18.40 and I'm filled.

So, of course, that will NOT be the bottom.
 
Posted by Repoman75 on :
 
Waiting waiting.. almost there.
 
Posted by PCola77 on :
 
Wow, I put one in for $18.10 and didn't expect to even have a chance to get filled today. Not sure if I want it filled [Smile]
 
Posted by Repoman75 on :
 
Remember, $18 was the bounce last time... and when it bounces, it's gonna run like a cat with a firecracker up its azz.

All 100 share trades pushing it down.. get ready.
 
Posted by Jo4321 on :
 
Better decide pretty quick, PC!
 
Posted by P Rowds on :
 
good lord...
 
Posted by PCola77 on :
 
Wow, certainly didn't expect to get filled within like 5 minutes!

Gulp...
 
Posted by Repoman75 on :
 
Here's the bounce!
 
Posted by PCola77 on :
 
Did you add, Repo?

I got 300 more shares at 18.10
 
Posted by Repoman75 on :
 
1000 at 18.11
 
Posted by Jo4321 on :
 
bounce like Tigger please?

 -
 
Posted by PCola77 on :
 
Well, I was debating last week between adding DKAM and FRPT. Looks like I picked the wrong one...
 
Posted by Repoman75 on :
 
quote:
Originally posted by PCola77:
Well, I was debating last week between adding DKAM and FRPT. Looks like I picked the wrong one...

Patience!

From an old Chinese proverb...
"BUY WHEN THEY CRY.
SELL WHEN THEY YELL."
 
Posted by Jo4321 on :
 
quote:
Originally posted by PCola77:
Well, I was debating last week between adding DKAM and FRPT. Looks like I picked the wrong one...

Not necessarily. This one will go back up quickly.
 
Posted by Repoman75 on :
 
If this doesn't hit $30 this year, which now is almost a 75% profit at these levels, I will retire from Allstocks FOREVER.

Mark this post.

Of course, if they get bought out before then, no deal.
 
Posted by Livinonklendathu on :
 
Daily support at around 16.80 and 16.00, don't think it will go that low. Intraday support around 17.40.
 
Posted by Repoman75 on :
 
What's sickening is that it is down $7 since going to the NAS....

BRING BACK THE OTC!
 
Posted by Livinonklendathu on :
 
Easy explaination, shorts shorts and more shorts.
 
Posted by PCola77 on :
 
Don't forget there were 4.5 million shorts as of Jan 15th on OTCBB, which is a pretty freaking big number on a $20 stock. I would imagine those shorts would be doing all they can do get the price down, and new shorts would as well. Although once they decide to cover... Look out...
 
Posted by glassman on :
 
quote:
Originally posted by Repoman75:
If this doesn't hit $30 this year, which now is almost a 75% profit at these levels, I will retire from Allstocks FOREVER.

Mark this post.

Of course, if they get bought out before then, no deal.

i don't like to see any stock drop, but didn't you say 30$ within three months, about a month ago:
 
Posted by Repoman75 on :
 
quote:
Originally posted by glassman:
quote:
Originally posted by Repoman75:
If this doesn't hit $30 this year, which now is almost a 75% profit at these levels, I will retire from Allstocks FOREVER.

Mark this post.

Of course, if they get bought out before then, no deal.

i don't like to see any stock drop, but didn't you say 30$ within three months, about a month ago:
I still stand by that.. but won't put my Allstocks membership on the line. How about, if it doesn't hit $30 by end of March, I'll go on 2 week probation?
 
Posted by glassman on :
 
i don't care repo, you said 3-6 months... not 3 months..
haven't you always been on probation anyway? [Big Grin]
 
Posted by Repoman75 on :
 
I did say 3-6?? That's what I thought.

Ok, if not $30 by June, 1 month probation!
 
Posted by PCola77 on :
 
Hmm, as an owner of a lot of FRPT stock I want to see $30, but one month without Repo seems pretty nice too. Hopefully it'll top out at $29.99 until June 2nd [Big Grin]

quote:
Originally posted by Repoman75:
I did say 3-6?? That's what I thought.

Ok, if not $30 by June, 1 month probation!


 
Posted by Jo4321 on :
 
Yeah, best of both worlds. (Just kidding, things just wouldn't be as fun without Repo)
 
Posted by cspaude on :
 
Looks like the slide started reversing around the 17.50s.
 
Posted by Repoman75 on :
 
Looks like our buys are looking good so far.
 
Posted by Jo4321 on :
 
Good to see you and PCola in the green....my time is coming.

Jo
 
Posted by moe77sco on :
 
Does anybody think this may drop to $15 short term.
 
Posted by Repoman75 on :
 
$15??? No.
 
Posted by moe77sco on :
 
Thanks Repo
 
Posted by Repoman75 on :
 
I'm going out on a limb here and saying FRPT releases some type of good PR either today or tomorrow...
 
Posted by Jo4321 on :
 
How thick is that limb, Repoman? Be careful!

Jo
 
Posted by Jo4321 on :
 
Well, at the very least they should put out a PR like this one, except ours should say that our test vehicles will be delivered in February 2007 (not March)

http://www1.investorvillage.com/smbd.asp?mb=132&mn=30201&pt=msg&mid=1319627
 
Posted by Repoman75 on :
 
Look at this and you tell me who is going to win.
http://www.marcorsyscom.usmc.mil/sites/story/fullstory.asp
 
Posted by trade04 on :
 
quote:
Originally posted by Repoman75:
$15??? No.

you still holding this? why didnt u sell once it got to the nasdaq..that was its climax rotfl...not too late to sell $ 10 migh tbe closer than you think hehehehe
 
Posted by Repoman75 on :
 
quote:
Originally posted by trade04:
quote:
Originally posted by Repoman75:
$15??? No.

you still holding this? why didnt u sell once it got to the nasdaq..that was its climax rotfl...not too late to sell $ 10 migh tbe closer than you think hehehehe
D-bag says what?
 
Posted by Repoman75 on :
 
NEWS!

U.S. Marine Corps Awards Force Dynamics Vehicle Contract for Test and Evaluation
Tuesday January 30, 8:45 am ET


LADSON, S.C.--(BUSINESS WIRE)--Force Protection, Inc.--on behalf of Force Dynamics, L.L.C.-- today announced it has received a four-vehicle delivery order from the U.S. Marine Corps for testing, production and sustainability for its Mine Resistant Ambush Protected (MRAP) vehicle program. The Force Dynamics joint venture expands on an earlier agreement between leading defense manufacturers Force Protection, Inc. (NASDAQ:FRPT - News) and General Dynamics Land Systems, a business unit of General Dynamics Corporation (NYSE:GD - News).

Under the Indefinite Delivery, Indefinite Quantity contract, Force Dynamics will immediately supply two each of its Cougar Category I and II vehicles with possible follow-on delivery orders of up to 4,100 MRAP vehicles.

"We are pleased to provide the Marine Corps with test vehicles for this extremely important program," said Force Protection CEO Gordon McGilton. "MRAP vehicles will save countless lives, and Force Dynamics has the technological and manufacturing capacity to immediately deliver them."

The Marine Corps serves as lead agency for procurement of the current MRAP vehicle program, with the U.S. Army conducting vehicle evaluation. MRAP requirements include increased survivability and mobility of troops in the face of improvised explosive devices, roadside bombs, land mines, and small arms fire.
 
Posted by moose5150 on :
 
Why do they have to submit vehicles for testing when they have been using them in Iraq for a few years already?
 
Posted by Jo4321 on :
 
Fire sale. Wow! Did this really dip into the $16's? People really must not understand what is happening with the MRAP contracts.

Wish I would have waited and bought today vice yesterday.

But either way, it'll be back up beyond 20's after the bigger contracts are announced and filled.

Jo
 
Posted by Jo4321 on :
 
quote:
Why do they have to submit vehicles for testing when they have been using them in Iraq for a few years already?
It's just red tape. They have to follow the procedures of the contract. However, if you notice they say they will deliver their vehicles "IMMEDIATELY".

Then, there is a clause in the solicitation that allows for the DoD to skip the testing phase and award follow on contracts.

www.neco.navy.mil/upload/M67854/M6785407R5000RFP_M67854-07-R-5000.doc
Scroll down to page 65

quote:
H3 Basis for Subsequent Delivery Order Award(s)


DUE TO THE URGENCY OF THE REQUIREMENT, THE GOVERNMENT NEED NOT WAIT FOR ALL TEST VEHICLES TO BE DELIVERED AND TESTED BEFORE DECIDING TO EXECUTE ADDITIONAL DELIVERY ORDERS. Early delivery of initial ID/IQ test vehicles is encouraged. THE GOVERNMENT RESERVES THE RIGHT NOT TO TEST AN OFFEROR'S VEHICLE IF ADEQUATE US GOVERNMENT TEST DATA IS AVAILABLE AND VALIDATED BY MARINE CORPS SYSTEMS COMMAND (MSSC).

They're gonna get these vehicles out to the troops as soon as they can. They've already been proven in the field.

Jo
 
Posted by trade04 on :
 
Very bearish here
 
Posted by cspaude on :
 
Trade04...bearish overall or very bearish today? I think the people that expected instant gratification are out and waiting to buy in again on more specific news.
 
Posted by Repoman75 on :
 
quote:
Originally posted by trade04:
Very bearish here

Got CSHD?

Anyways, the key here is that FRPT is submitting the Cheetah... Force Dynamics is submitting Cougars.

WIN WIN WIN WIN WIN!
 
Posted by Repoman75 on :
 
quote:
Originally posted by Repoman75:
I'm going out on a limb here and saying FRPT releases some type of good PR either today or tomorrow...

Well, I got this right...

Jo, you're becoming an "elder" over on IV.. well done!
 
Posted by Repoman75 on :
 
And Jo, your DD skills have improved immensely.
 
Posted by Jo4321 on :
 
Thanks Repo. I sure have a lot more to learn about how to interpret charts and financial data. In that I'm woefully lacking.

Anyway, gotta love this:

 -
 
Posted by Repoman75 on :
 
Jo, post that write up you did over on IV here.. the one that has 20 recs.
 
Posted by Repoman75 on :
 
Jo's DD skills - excellent!

They are following the procedure of the solicitation. They will deliver the vehicles "IMMEDIATELY". The DoD will waive the testing. They will recieve a follow on order.

Read this from the contract request:
www.neco.navy.mil/upload/M67854/M6785407R5000RFP_M67854-07-R-5000.doc
Scroll down to page 65
------------------------------------------------------
>>>>H3 Basis for Subsequent Delivery Order Award(s)

As a result of MRAP source selection (as described in Section M), the Government may award one or multiple ID/IQ contracts to successful offerors. These initial ID/IQ contracts shall include an initial funded base quantity of vehicles (2 of each type) that shall be used for Performance Verification Testing (PVT) as described in the Performance Specification and Section C. Upon completion of this testing, the Government may award follow-on delivery orders (which may include awards under more than one ID/IQ contract), above the initial contract minimum order. Delivery Orders will be issued in accordance with FAR 16.505. If the Government elects to award these follow-on delivery orders, the following criteria shall be used as the basis for deciding how to place these orders (in descending order of priority):

• The Contractor or Contractors vehicle systems that demonstrate the best overall performance in PVT testing (with survivability being the highest priority)
• The Contractor or Contractors that demonstrate the greatest capability to produce and deliver vehicles with the shortest ramp up time and greatest maximum production capacity, in order to meet the urgent delivery requirements for these vehicles.

Funding availability/affordability will also be a consideration in making the business decision as to how to proceed with an order or combination of follow-on orders. DUE TO THE URGENCY OF THE REQUIREMENT, THE GOVERNMENT NEED NOT WAIT FOR ALL TEST VEHICLES TO BE DELIVERED AND TESTED BEFORE DECIDING TO EXECUTE ADDITIONAL DELIVERY ORDERS. Early delivery of initial ID/IQ test vehicles is encouraged. THE GOVERNMENT RESERVES THE RIGHT NOT TO TEST AN OFFEROR'S VEHICLE IF ADEQUATE US GOVERNMENT TEST DATA IS AVAILABLE AND VALIDATED BY MARINE CORPS SYSTEMS COMMAND (MSSC).<<<<


It's mentioned there that delivery orders will be issued in accordance with FAR 16.505

Now, Read this from FAR 16.505
http://farsite.hill.af.mil/reghtml/regs/far2afmcfars/fardfars/far/16.htm#P399_69 627

>>>(2) Exceptions to the fair opportunity process. The contracting officer shall give every awardee a fair opportunity to be considered for a delivery-order or task-order exceeding $3,000 unless one of the following statutory exceptions applies:

(i) The agency need for the supplies or services is so urgent that providing a fair opportunity would result in unacceptable delays;

(ii) Only one awardee is capable of providing the supplies or services required at the level of quality required because the supplies or services ordered are unique or highly specialized;

(iii) The order must be issued on a sole-source basis in the interest of economy and efficiency as a logical follow-on to an order already issued under the contract, provided that all awardees were given a fair opportunity to be considered for the original order.<<<
 
Posted by Jo4321 on :
 
I meant to post that over here this morning. But since the folks in this thread are much more rational, I forgot.

Jo
 
Posted by Repoman75 on :
 
Now my analysis.

In my opinion and some facts...
1. FRPT is submitting 2 Cheetahs and 2 Cougars for testing for Cat I and Cat II (assume both Cheetahs for Cat 1 and both Cougars for Cat II)
2. GD/FRPT (ForceDynamics) are submitting 4 Cougars for Cat I and Cat II.

Now, why would FRPT do this? Very simple. The Cheetah hasn't been tested, but it's the best vehicle to win Cat I. So, expect the Cheetah to win Cat I orders in the Spring, that will be built with the help of AH (as a subcontractor). But why submit the Cougar as well? Because they can win independent orders - no need to split with GD. However, they need to manufacture them on their own.

Most likely, GD/FRPT duo will win most of the Cat II category - HOWEVER, no need to wait for Spring and "testing". As per the requirements of the contract, Marines can waive testing once the vehicles are submitted (which they were today), and can begin to award contracts. Expect the 800 Cougar order (the amount the Marines have funding for) to come VERY SOON.

So, in conclusion, by Summertime, we will have all of Cat II, maybe some FRPT, but most likely most under FRPT/GD. We will have a lot of Cat I (probably split with GD or BAE's vehicle). Also, we may license our technology out to other manufacturers for other vehicles... trucks, tanks, whatever.

Gonna be a great Spring/Winter. See you at $50.
 
Posted by Jo4321 on :
 
Good stuff, Repo.

It's that scenario that has kept me calm even while my account balance loses thousands in minutes.

Last Friday, I was much more panicked by the drops, but I spent a lot of time over the weekend researching the contract info, and I can't see anything but good news as far as that goes.

But one can never predict the insider selling and the street articles!

Jo
BTW, I see yours and PCola's shares from yesterday are green again.
 
Posted by Repoman75 on :
 
I posted your DD all over... expect to see some praise!
 
Posted by Jo4321 on :
 
Did you see it go to $18.39 just to tease me?

(since I got those shares yesterday at $18.40)

Sigh.
 
Posted by TimW on :
 
Moving up!
 
Posted by Mr. CATIAEngineer on :
 
Wow, is like a little Jo/repo love affair in here. [Smile]

Just teasin', im just sore because i put this on the radar at $6 and then somehow "overlooked" it as it climbed for months.

Repo's been pushin this one for a LONG time...and very few listened. Personally i wont make that mistake again.

GLTU!
 
Posted by cspaude on :
 
Confessions of an idiot-

I got worried that irrational/emotional selling was going to take today for another big drop and I wasn't going to be around for the open. To save myself the pain I set a stop at 17.20. Of course it filled on the morning gap lower. Luckily I got back in time to see it working its way up so I got back in at 17.40. OOOPS!
I'm 100% confident in the success of this company. I'm 0% confident in the rational abilities and DD of most other investors. I guess I should have kept the faith.
 
Posted by Repoman75 on :
 
Hey, it happens. Shorts and pros love to take out the stops...

Volatitlity is the tool of the professional.
 
Posted by Jo4321 on :
 
CS

That happenned with me with GT (Goodyear). I was worried about the strike announcement so I set a stop loss. It went down to $13 something, took out my stop and pretty much started going back up immediately and hasn't gone down much again since! It's now selling for over $11.00 more than I sold for.

ARGH!

Jo
 
Posted by Jo4321 on :
 
Looks like NAV has some problems of its own. (International Truck and Engine is the principal operating company of Navistar International Corporation (NYSE:NAV). One of the other "finalists".)

http://www.chicagotribune.com/business/chi-0701280345jan28,0,1962347.story?coll= chi-business-hed

Today is Tuesday, I wonder what the outcome is.


Jo
 
Posted by Repoman75 on :
 
Hahaha... that would be great if they got the "E" or delisted.
 
Posted by Jo4321 on :
 
Here's Oshkosh's PR:

Oshkosh Truck Contracted by U.S. Marine Corps To Provide Four Armored Vehicles For Testing

Last Update: 1:15 PM ET Jan 30, 2007


OSHKOSH, Wis., Jan 30, 2007 (BUSINESS WIRE) -- Oshkosh Truck Corporation (OSK : oshkosh truck corp com
News , chart, profile, more
Last: 52.11+0.07+0.13%

1:51pm 01/30/2007

Delayed quote dataAdd to portfolio
Analyst
Create alertInsider
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Financials
Sponsored by:
OSK52.11, +0.07, +0.1%) announced today that the company has been awarded a contract by Marine Corps Systems Command to provide four test vehicles in support of the Mine Resistant Ambush Protected (MRAP) vehicle program. Under the contract, Oshkosh will provide two Category I and two Category II vehicles, which will then undergo testing at the government's Aberdeen Proving Ground. Oshkosh Truck was one of several companies awarded a contract to provide vehicles for testing under the MRAP initiative.
The Category I vehicle is the smaller of the two vehicles, intended for urban operations and referred to as the Mine Resistant Utility Vehicle (MRUV). The Category II vehicle is a larger platform, designated as the Joint Explosive Ordnance Disposal Rapid Response Vehicle (JERRV), and is designed to carry up to 10 passengers on multiple types of missions.
"We're extremely proud to have been chosen as one of the possible MRAP vehicle providers," said John Stoddart, Oshkosh's executive vice president and president of defense. "We believe our proposed solutions for the MRAP program are highly successful vehicle designs. When paired with Oshkosh's quality manufacturing, design expertise, and our global service network, they would provide the military with both world-class vehicles and unmatched service and support."
Following testing, the Marine Corps program office can place orders on the Indefinite Delivery, Indefinite Quantity contract for up to 1,500 of the Category I vehicles, and 2,600 of the Category II vehicles. The MRAP program is a joint acquisition taking place under Rapid Deployment Capability authority, intended to field protected vehicles to forces in theater in large quantities as rapidly as possible.
About Oshkosh Truck Corporation
Oshkosh Truck Corporation is a leading designer, manufacturer and marketer of a broad range of specialty access equipment, commercial, fire and emergency and military vehicles and vehicle bodies. Oshkosh's products are valued worldwide by rental companies, fire and emergency units, defense forces, municipal and airport support services, and concrete placement and refuse businesses where high quality, superior performance, rugged reliability and long-term value are paramount. For more information, log on to www.oshkoshtruck.com.
Forward-Looking Statements
This press release contains statements that the company believes are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact, including statements regarding the company's future financial position, business strategy, targets, projected sales, costs, earnings, capital spending and debt levels, and plans and objectives of management for future operations, are forward-looking statements. When used in this press release, words such as "expects," "intends," "estimates," "anticipates," or "believes" and similar expressions are generally intended to identify forward-looking statements. These forward-looking statements are not guarantees of future performance and are subject to risks, uncertainties, assumptions and other factors, some of which are beyond the company's control that could cause actual results to differ materially from those expressed or implied by such forward-looking statements. These factors include the cyclical nature of the company's markets, the company's ability to successfully integrate the JLG acquisition, the consequences of financial leverage associated with the JLG acquisition, risks related to reductions in government expenditures, the uncertainty of government contracts and the company's ability to turnaround its Geesink Norba Group business. Additional information concerning these and other factors is contained in the Company's filings with the Securities and Exchange Commission.
SOURCE: Oshkosh Truck Corporation
Oshkosh Truck Corporation Financial: Patrick Davidson, 920-966-5939 Vice President - Investor Relations or Media: Kirsten Skyba, 920-233-9621 Vice President - Marketing Communications Copyright Business Wire 2007 ********************************************************************** As of Friday, 01-26-2007 23:59, the latest Comtex SmarTrend(SM) Alert, an automated pattern recognition system, indicated an UPTREND on 12-04-2006 for OSK * $48.43. For more information on Comtex SmarTrend® Alert, contact your market data provider or go to www.CSTADirect.com SmarTrend is a registered trademark of Comtex News Network, Inc. Copyright © 2004-2007 Comtex News Network, Inc. All rights reserved.
 
Posted by bomber on :
 
i like the companies growth prospects,but unsure of if the pps can get higher ,now that we are on the nasdag.
 
Posted by P Rowds on :
 
bomber... if they get the 4100 vehicle contract...

take 700 million (around how much a cougar costs... thats not exact... just doing a rough guesstimate) and multiply it by 4100...

dunno bout you, but in my opinion the sex appeal for the stock just went way up...
 
Posted by Mortimer on :
 
700million X 4100 = 2,870,000,000,000 As Keanu would say, "Whoah".
 
Posted by PCola77 on :
 
That seems unreasonable. A cougar doesn't really cost $700million, right?
 
Posted by Repoman75 on :
 
quote:
Originally posted by PCola77:
That seems unreasonable. A cougar doesn't really cost $700million, right?

$700,000.
 
Posted by stocktrader2006 on :
 
quote:
Originally posted by PCola77:
That seems unreasonable. A cougar doesn't really cost $700million, right?

That is only for their 'top secret' model that is invisible.

Goggles for finding the invisible cougar model, sold separately.
 
Posted by P Rowds on :
 
wwwwwwwop.... repo beat me to it... sorry, i meant to say 700 thousand... wasn't thinking when i was typing... my bad...
 
Posted by P Rowds on :
 
HAHA... stock... shhhhhhh, i'm in fallujah right now... and every once in a while, a marine lets me take a gander at the top secret version... you have to look at it with your peripheral though, otherwise your head explodes...
 
Posted by PCola77 on :
 
Thanks. that seems to make more sense... I just didn't feel like going back through the thread to find the right price, but $700 million didn't seem right [Smile]
 
Posted by stocktrader2006 on :
 
After Hours
16:07 $ 18.28 1,000,000


Holy Shnizet!!! 1M at 18.28!!!
 
Posted by TimW on :
 
Awesome im filled!!

[Wink] i kid.
 
Posted by Repoman75 on :
 
Block trades between institutions... no real big deal.

I worry more when I see those trades during the day... like when the insiders sold.
 
Posted by Jo4321 on :
 
Didn't see this posted here

http://www.catalystresearch.biz/files/CFR__FRPT_Note_01_29_07.pdf
 
Posted by Repoman75 on :
 
Catalyst report
FORCEPROTECTION INC. Disclosures: 1, 2, 4A, 5, 6, 10
(OTCBB: FRPT: $20.14,BUY)
INDUSTRY: DEFENSE
Force Protection: Covering Bases while Saving Face
Friday’s announcement regarding the award of firm-fixed-price, indefinite-delivery/indefinite-quantity multiple
award contract for vehicles to fulfill the MRAP initiative essentially fulfills two facets of a sticky political
situation for the Government. The military needs these trucks as early as yesterday…everyday it costs more US
soldier lives. On the other hand, how does a contract of this size and importance go to an operation that was
nearly bankrupt a year ago and was the “red-headed stepchild” of the industry?
Today, Force Protection’s vehicles possess the best design. The Company has hot lines up and running and they
are increasing the rate of production with every passing month. The vehicles are fully tested and validated in the
field and, the soldiers in Iraq and Afghanistan feel most comfortable in hostile lands with this equipment. Lastly,
there is no doubt that the Cougar, Buffalo and within the next month, the Cheetah, are all manufactured in the
USA.
The award delivered last week opens the door to all those manufacturers that feel they should be part of the
supply process. It essentially closes the door on those that might have grievances about Force Protection being a
pre-designated, primary supplier to the MRAP. So behind door #1, we have a way for the DOD not to lose face,
to open the opportunity to those that believe they should participate, and to shut out the possibly of an award
protest that would take considerable time and prolong the production and fulfillment ramp.
Behind door #2 is an opening for the military to buy essentially all the mine resistant and ambush protected
vehicles it needs. While the net is cast for other contenders, a flow of “urgent” trucks can be filled via the existing
relationships.
Of course the market is disappointed in the Company not receiving a giant portion of the contract with Friday’s
announcement. We already were thinking that investors were betting too much on the complete winning of the
contract by FRPT. But we do not take this action by the DOD as a real negative particularly since FRPT has an
established record of its truck in the field and that they have already received initiating orders to start the flow of
equipment.
What we feel as interesting is that Force Dynamics—the joint venture between Force Protection and General
Dynamics—was not included in the list of manufacturers that were named in the contract. Could it be that the
Cougar already has sufficient “testing data” and could be a back door supplier?
 
Posted by cspaude on :
 
Repo, that article sums up EXACTLY what I was thinking. We just need to hold on til everyone else figures that out.
 
Posted by lostone on :
 
just got some at 17.98 .. and starting to trickle down..
 
Posted by cspaude on :
 
Really low volume trading today.
 
Posted by SLIMPICKENS on :
 
http://www.defense-update.com/newscast/0107/news/270107_mrap.htm


didn't see this here already
 
Posted by SLIMPICKENS on :
 
found this


"Just wanted to write a quick note to all of you at your company to thank you for the hard work you put into the Cougar vehicle. We are stationed in [omitted] Iraq and about 2 weeks ago our JERRV/Cougar ran over [deleted] mine coming back from a call downtown. It had been raining that night and the mines were placed in a hole filled with water. Right after the explosion, the Cougar was driven for two miles on the three remaining tires at speeds in excess of 20 mph so that we could make it to a safe area.
Once we got to the safe area we were able to survey the damage and everyone was amazed how far the vehicle had driven. The three of us inside were all okay other than slight concussions and a headache that lasted a few days. We know that if we had been in another type of vehicle that the outcome would have been much worse. We were also able to get a replacement Cougar within 24 hours. Thank you for everything and keep up the good work."
Sgt Chris Clair, USMC
EOD Team
Somewhere in Iraq
April 2006
 
Posted by Jo4321 on :
 
House Hearing on Equipment 1/17/2007 (what I transcribed all in one place)

Here’s all of what I transcribed from the 1/17/2006 hearing all in one place. While listening to it again, a couple things stuck out for me, which I will pull out and put in other posts and comment. However, I thought having this all in one place would be good.

I did not transcribe everything and I got lazy in some parts and didn’t put the question, but just the answer. I skipped all the flack vest parts. But at least if something interests you, you can go to the C-Span archive and listen to the section.
http://www.c-span.org/videoarchives.asp?CatCodePairs=,&ArchiveDays=100 Please excuse any typos.

quote:
Minute 11:00 or so:

From General Brogan's Remarks: Another area where close cooperation with the army is benefiting our war fighters is the acquisition and fielding of MRAPs. These vehicles provide the best available protection for our war fighters against IED. These vehicles are designed with a vshaped hull to protect the occupants from all three primary kill mechanisms of mines and IED: Fragmentations, blast pressure and acceleration..

The marine corps has already fielded several variants of MRAPS. The first of which was at that time known as the Cougar Hardened Engineer Vehicle. Since the start of operation Iraqi Freedom, we fielded 27 cougars in support of EOD teams and combat engineers . We have also fielded an initial procurement of 122 Joint Explosive Ordinance Rapid Response Vehicles, or JERRV, in support of joint eod teams in throughout the theatre. We are on track to complete fielding of a follow on for 79 JERRV vehicles. Last month I awarded a sole source contract for 200 addl vehicles to a company that is already in production. That is a bridge to get us into full and open competition so that we can expand our production base and more rapidly get this vehicles in to the hands of our war fighters this effort will procure and field up to an additional 4060 for our nation’s joint forces."

From around minute 20:00

REPRESENTIVE DAVIS:
"I understand that the current requirement for the MRAP is 1022 with 538 cat 1, 420 cat 2 64 cat 3. With the approx. 4000 new marines supposed to be deployed to Iraq do you anticipate a need in an increase in these vehicles and if so, will the required funding will be taken from the FY07 bridge appropriation, and before you answer, I also understand that the contractor has had a problem meeting the schedule for these vehicles in the past are you confident that the mistakes will not be repeated."

BROGAN: "Ma’am there is additional requirement for vehicles that is making its way through the Marine Corps combat development command. I expect that will take into account the plus up forces that will likely be sent to theatre. As you indicated there were some initial problems with that prime contractor when we started up. My experience in acquisition is that that is not that unusual for a new start production line. They now are actually producing ahead of schedule and so I am confident that they’ll be able to continue to produce vehicles. As I mentioned we’re conducting a full and open competition to seek additional sources for the categories of vehicles that you mentioned Category 1 & 2. And because the quantities of Category 3 vehicles, the Buffalo, the heaviest, largest of these vehicles can be met by our current contractor, we have not competed any of those. But the large quantity of category 1 & 2 are being competed.

I must temper my comments because we are in the midst of source selection right now with that. We did have a large number of potential offers. I met with the secretary this morning and I now have approval to go forward and hold discussions with those offers and I expect to be on contract with a large number before the end of this month. Our strategy will be to produce two vehicles with each vendor. We’ll take those vehicles to Aberdeen Proving Ground in Maryland and conduct two separate tests. The first will be a survivability test where we blow up the vehicle. The second will be a limited user evaluation to ensure that the handling characteristics, maneuverability, things like that meet the requirements of our marines and the other joint forces. Given that the offers meet those hurdles, then we have the ability to award follow-on production contracts so that they can ramp up and begin producing these vehicles."

Around minute 24:00

Question: When you set your requirement….will the targeted requirement that you are talking about be enough vehicles so that every marine who is traveling the roads of Iraq or Afganistan is in the best possible vehicle?

BROGAN: My sense is sir, that our requirements have evolved over time….As I indicated in my oral statement, the first MRAP vehicles the Jerrvs and the cougars we procured were primarily for EOD and combat engineers. Clearly as the sophistication of the threat is increased, it’s apparent that we need these kinds of vehicles for all the forces that are involved in operations outside of the operating basis. And so, that was the genesis of the 1022 requirement, that Congresswoman Davis mentioned. I also indicated that MCDN (not sure of this acronym) is now looking at a larger number that is making its way through the process, it’s not yet been delivered to me to go procure it. I believe that as MCDN does its validation of this increased requirement they will take into account the addl 4000 marines that will be fielded into theatre and that will be calculated into the new requirement. So did we have it 100% right the first time, no sir, uh, I believe we used the best numbers we had available and then as the need for them increased, the warfighter came back through the urgent (intelligible) process and the JUONs, Joint Universal Operations Needs process and sought these additional vehicles.

QUESTION: Last week in the classified brief, you gave me the target number of vehicles and your target date of delivery, to what extent can you inform this committee of those number of vehicles, in my mind’s eye, I have trouble believing that that number should be classified. I would think that the moms and dads, the loved ones of the marines would like to know that you have a substantial number in mind, that you have what I think is a very realistic and also a very aggressive target date in mind.

BROGAN: Sir, I believe there are probably two parts to that question. The first is the requirement that’s currently been levied on me to procure is 4,060 vehicles. That includes the 1022 for the Marine corps as well as vehicles for the United States Army and the United States Navy that’s serving alongside us. For the Navy principaly they are for EOD Teams and SeeBees and for the army they’ll be used as their force commanders see best. The additional number is changing almost daily, sir.

QUESTION: How bout your target delivery date to get them in the Marine Corps hands, and you explained to me that there is additional work that is done by the Marine Corps before they’re sent to theatre. What is your target date to get those vehicles in your posession, and what’s your target date to have them fielded in the theatre.

BROGAN: Yes, Sir, and I’m not, as I indicated, I’m not buying just for the Marine Corps, so that 4,060 vehicles, I’ve set a stretch goal for my team of the end of this year, 31 December to have those vehicles delivered to the U.S. Government. It takes me approximately 60 days from that point to incorporate the jammers, the radios, the blueforce tracker and as we start delivering these vehicles in quantity surface ship them into theatre. Right now with the small quantities that we are dealing with, we’ve been flying them into theatre as soon as they’re prepared. As these quantities increase, I expect we’ll probably have to move to sea transportation in order to get the vehicles over there. So I expect from the time I get them into my hands, we’ll do the integration of the government furnished equipment and transport them into theatre, an additional 60 days. So my stretch goal, as I indicated to you last week, sir, is to have those 4,060 vehicles by the end of this year

Around minute 31:43

General Brogan: Sir, I have in hand monies from the Marine Corps for the first 805 vehicles. The delta between the 805 and the 1022 is included in our FY07 full supplemental request. I have a portion of the Navy’s money and I have not yet received any money from the Army. We are working…the Secretary of the Navy is working with the Secretary of the Army to get those funds. They will probably have to come to you all with a reprogramming action to move money out of an existing line. I believe they intended to fund it in their 07 full request, but I’m not certain of that.


Around minute 34:21

ADMIRAL Sestak FROM PA: The uparmored hummer upgrade is good for 12 pound mine blasts?

General Alles “I’d have to check the number, to be honest, sir.

SESTAK: Is the MRAP good for at least more than that?

General BROGAN: It is, sir.
ADMIRAL SESTAK: Do you know what it is up to?
GENERAL BROGAN: I do, but I’d rather not say in open hearing.
SESTAK: Is it going to take care of this increasing growth of what the mine blasts do?

BROGAN: If your question sir, is “Is there a mine that can overcome an MRAP?” Yes there is. But, the V-shaped hull does a great deal for us to disperse that blast, as well as these vehicles are much higher above the ground. As you know, in an explosion, space is your friend because it allows that wave to expand before it makes contact with the vehicle. I’d rather not in open session discuss specifics of what those vehicles are designed to protect against.

From minute 42:04

Colonel Wilson From SC: I’m particularly interested in the Cougar and the Buffalo and I’ve had the privilege of having visited the manufacturing sites of these particular vehicles…I’d like for you to review, what has been the record of these two particular vehicles, and I know you’ve touched on it a minute ago I’d like to hear it again, the unique v-shape and how that has such a positive impact.

BROGAN: Yes, sir. The V-shaped hull is designed to force the blast off to the side away from the spaces of the vehicle and the fact that the vehicle sits up high provides space so that that blast can form and get larger and not have as much impact on the hull of the vehicle. The two vehicles that you mentioned, the Cougar and the Buffalo are both serving very well in the theatre right now. We have not had a single Marine fatality in either one of those vehicles. Against the blast, shrapnel, the effects of both IED’s and Mines, they’re doing a tremendous job, so that’s why we have the imperative to rapidly get these vehicles into theatre.

GEN ALLES: I would just remark, sir, that these V-shaped vehicles, which goes beyond just the Cougar and Buffalo, account for 14% of our attacks but only 3% of our casualties, so they are a very mine-resistant, hence the move towards them.

.
Minute 48:10
BROGAN: It’s then incumbent upon me and my staff to deliver as rapidly as possible these MRAP vehicles as they come off the production line.

Minute 54:00
BROGAN: (in response to a question about what they would like most to have) I think perhaps, m’aam, for that technology that we have in our hands right now, getting the MRAP’s into theatre as rapidly as possible will save lives.

QUESTION FROM ABERCROMBIE: When you used the number 4,060 was that the total number of vehicles…..is that the total number that you are shooting for in the next year.

BROGAN: The 4060 is the total number of MRAP vehicles that I intend to procure this year. That I have authority to procure right now.

ABERCROMBIE: What’s that in relation to the Cougar vehicles, the rapid response vehicles.

BROGAN: Those are examples of a Category II MRAP.

ABERCROMBIE: Does the 4,000 include those kinds of vehicles.

BROGAN: Yes.

ABERCROMBIE: (asks about MTV’s)

BROGAN: MTV is not part of the 4,060. We have met the acquisition objectives for those vehicles
---------------------
(sorry forgot to write where this is) BROGAN: The beauty is once we have that production base established then we can keep it running and continue to turn out these vehicles and meet the requirements.

Whew!

Jo
 
Posted by PCola77 on :
 
Well, I just stopped out at 17. Good luck to you guys!
 
Posted by Repoman75 on :
 
17.42 now... this was expected.
 
Posted by lostone on :
 
so is it expected to go any lower?
 
Posted by Repoman75 on :
 
Maybe in the $16's, but I can't see much lower than that.
 
Posted by SLIMPICKENS on :
 
jo thanks for the transcription, sounds very promising.
 
Posted by lostone on :
 
picked up a little more today.. maybe a little more tomorrow.. btw, when are we expecting announcement about the MRAP?
 
Posted by Repoman75 on :
 
Probably not till April.. but financials in 3 weeks.
 
Posted by SLIMPICKENS on :
 
quote:
Originally posted by lostone:
picked up a little more today.. maybe a little more tomorrow.. btw, when are we expecting announcement about the MRAP?

not sure, i don't expect it real soon. Repo knows a lot about this play. Repo what makes you say april?
 
Posted by lostone on :
 
wow, i guess it's gonna be a little while til this thing turns.. maybe i should hold off buying more til coupla weeks later?
 
Posted by Repoman75 on :
 
Lostone, the financials will be kick ass... anything under $17 is a gift.

I say April because the military is a bunch of incompetents... they move as slow as snails.
 
Posted by SLIMPICKENS on :
 
quote:
Originally posted by lostone:
wow, i guess it's gonna be a little while til this thing turns.. maybe i should hold off buying more til coupla weeks later?

financials were feb. 15th last year i believe, don't miss that
 
Posted by lostone on :
 
anyone else sold off yesterday/today? or we're all holding?
 
Posted by NEL on :
 
quote:
Originally posted by lostone:
anyone else sold off yesterday/today? or we're all holding?

I sold today, but I'll keep watching to jump back in.
 
Posted by Repoman75 on :
 
I'm in 100% still.
 
Posted by lostone on :
 
quote:
Originally posted by Repoman75:
I'm in 100% still.

but you got it at like 7 bux tho rite?
 
Posted by Repoman75 on :
 
$3 and $7.. yeah.
 
Posted by lostone on :
 
the wait is gonna kill me.. 2-3 weeks to see a profit.. and prolly only like 20%
 
Posted by Repoman75 on :
 
quote:
Originally posted by lostone:
the wait is gonna kill me.. 2-3 weeks to see a profit.. and prolly only like 20%

Maybe more than that.. trust me, financials will be BLOWOUT.
 
Posted by PCola77 on :
 
Okay, I marked it. Now what? [Wink]

quote:
Originally posted by Repoman75:
No lower than $19.10. Mark this post.


 
Posted by Jo4321 on :
 
LOL, PCola.

I held most of my shares through this. I have a bunch now that are in the red. I still have some from 2.19 and on up to $16.35. But I also have some that I flipped at $23 and 20 but bought back at 21 and 18.40, so those are red.

I'm confident that it can go back up as fast as it went down. It's happenned before. Thing is, we don't ever know when news will come. That's kind of why I held on, though in hindsight I probably shoulda sold and bought back.

The MRAP type contact could be sooner than April, but April at the latest. But there may be more "bridge" contracts before that. Also, there may be more Buffalo contracts before that. See FRPT's 8-K http://www.sec.gov/Archives/edgar/data/1032863/000110465906078791/a06-24859_18k. htm
----------------------------
quote:

In Category III of the MRAP Program, the Marines have already sole sourced 44 vehicles to Force Protection as part of the agreement of November 9, 2006, with an option to buy an additional 36 vehicles. The Category III vehicles need to transport no less than twelve personnel and will support route clearance. Although the Marines have not yet committed to award any additional vehicles in this category, we believe that an RFP for Category III vehicles will be forthcoming in the near future.

When is "the near future?" Who knows, but watch that ticker if you are currently out. You'll know when to jump back in.

Jo
 
Posted by Repoman75 on :
 
quote:
Originally posted by PCola77:
Okay, I marked it. Now what? [Wink]

quote:
Originally posted by Repoman75:
No lower than $19.10. Mark this post.


Now you can ignore my T/A advice... BUY BUY BUY!
 
Posted by Repoman75 on :
 
Force Dynamics Names Board of Directors
Friday February 2, 8:45 am ET


LADSON, S.C.--(BUSINESS WIRE)--Force Dynamics, L.L.C. -- a joint venture between Force Protection, Inc. (NASDAQ:FRPT - News) and General Dynamics Land Systems, a business unit of General Dynamics Corporation (NYSE:GD - News) -- today named the members of its board of directors.

Force Protection's COO Raymond Pollard will serve as chairman, with the company's Vice President for Program Management Damon Walsh as Secretary. General Dynamics Land Systems' Mark Roualet, Senior Vice President Ground Combat Systems will serve as Vice Chairman, and Susan Young, Director Production Finance & Estimating, as Treasurer. Richard Hamilton, Force Protection's Vice President for Finance and John Gonias, General Dynamics Land Systems Vice President Contracts serve as members at large. Mark Savarese of General Dynamics was named Program Director for the joint venture.

Force Dynamics was recently awarded a four-vehicle test and evaluation contract from the U.S. Marine Corps Systems Command to produce vehicles for the joint Department of Defense Mine Resistant Ambush Protected (MRAP) vehicle program.

Force Dynamics was formed to offer Force Protection's Cougar 4x4 and 6x6 medium mine-protected vehicles as Category I and II MRAP solutions. The joint venture combines the proprietary vehicle designs of Force Protection with General Dynamics expertise in program management, systems engineering, service support and manufacturing capacity.
 
Posted by Baxt06 on :
 
just went below the 50 day MA.
 
Posted by Baxt06 on :
 
bounced back some. 50 day MA * 16.31. Hopefully that's the support.
 
Posted by Repoman75 on :
 
Me too Baxt... I yearn for the comfort of the OTC.
 
Posted by lostone on :
 
OMG, it dropped in the 15's?? damn, i should have gotten up earlier! what a buy opp!
 
Posted by Repoman75 on :
 
Yeah... I have margin left, but I'm too scared to try it.
 
Posted by lostone on :
 
why? assigning members of BOD is bad news?
 
Posted by Repoman75 on :
 
No, it's great news... but damn, have you ever been in a margin call before?? We're down $9 in weeks... I'm not risking my ENTIRE account.. no matter what.
 
Posted by lostone on :
 
true, why risk what u don't have..
 
Posted by lostone on :
 
level 2 looks like it's primed to run.. or fall, so small on bid/ask
 
Posted by lostone on :
 
i guess they do want it up.. it's going up..
 
Posted by SLIMPICKENS on :
 
The contracts for the 36 test vehicles are worth $34.6 million. Vendors are expected to deliver the vehicles by April, and the Marine Corps intends to complete the tests by January 2008. The government plans to select one or more companies for long-term production contracts. "Several of the awarded contract vendors indicate they could initially deliver start-up production rates between 30, 60 and 90 days after receipt of production orders," said Paul Mann, program manager for MRAP.

http://www.nationaldefensemagazine.org/issues/2007/Febuary/Militaryservices.htm

this is not what i understood, am i not understanding something. to me this article says no contracts until next year
 
Posted by SLIMPICKENS on :
 
never mind, that was just for the long term contracts.
 
Posted by Jo4321 on :
 
News out! Force Protection, Inc. Announces New Production and Delivery Records in January
Monday February 5, 8:45 am ET

http://biz.yahoo.com/bw/070205/20070205005709.html?.v=1

Take note of this line:
quote:
"We also look forward to our first MRAP deliveries to the government early in February, as we add this vitally important product line and continue to expand deliveries."


 
Posted by moe77sco on :
 
Some people on the Yahoo board seem to think that this thing is going way down to the $9 level. Thank God I sold all my shares at $23. When it hits $9 I'll load up again.

Does anyone have a time frame as when it will hit $9
 
Posted by Mortimer on :
 
quote:
Originally posted by moe77sco:
Some people on the Yahoo board seem to think that this thing is going way down to the $9 level. Thank God I sold all my shares at $23. When it hits $9 I'll load up again.

Does anyone have a time frame as when it will hit $9

You should ask those "some people on the Yahoo board".
 
Posted by Repoman75 on :
 
quote:
Originally posted by moe77sco:
Some people on the Yahoo board seem to think that this thing is going way down to the $9 level. Thank God I sold all my shares at $23. When it hits $9 I'll load up again.

Does anyone have a time frame as when it will hit $9

If you believe those Yahoos on that board, you'll be waiting until the resurrection.
 
Posted by Stefan on :
 
FRPT 8-K just out with nice sounding text...

http://www.sec.gov/Archives/edgar/data/1032863/000110465907007291/a07-3406_28k.h tm

On January 25, 2007, we received a four-vehicle letter contract from the U.S. Marine Corps for testing, production and sustainability for its Mine Resistant Ambush Protected (MRAP) vehicle program. The work under this contract will be performed by Force Dynamics, LLC, our joint venture with General Dynamics Land Systems, Inc.

We believe the award of this contract improves the likelihood we will receive a significant follow on delivery order for our Cougar vehicles under Category Two of the MRAP program, since we are the only contractor among those selected that has an existing production line for vehicles with a demonstrated record of performance in combat conditions. We are thus already positioned ahead of the other potential contractors in the critical areas of availability and survivability.

(more...)
 
Posted by lostone on :
 
any comments Repo?!??
 
Posted by Repoman75 on :
 
Well, looks to me that Cat II for MRAP is in the bag.

The question now remains about Cat I... and the Cheetah.. they aren't building it for nothing.
 
Posted by Repoman75 on :
 
This corresponds with my prediction of the 800+ Cougar order coming sooner than Spring.

Looks like the market is picking up on this fact also.
 
Posted by Jo4321 on :
 
They're picking up on something. This was at a standstill in negative territory all morning and now all the sudden a jump into the green.

Jo
 
Posted by Jo4321 on :
 
Volume really picking up now, and new HOD at $17.64

Could be a leak somewhere about after hours contract. No other news showing, at least that I can find.

Jo
 
Posted by lostone on :
 
it's been cycling like crazy.. prolly swingers or something.. and we're all expecting more PR's anyway..
 
Posted by cspaude on :
 
Look at it run. 17.80s. There's gotta be some news coming.
 
Posted by Jo4321 on :
 
The company was giving us a clue with the wording of that 8K today. Gotta be something coming.

Jo
 
Posted by Repoman75 on :
 
Yep... Cougar order coming before Spring, I knew it!
 
Posted by lostone on :
 
man, couldn't resist the trend.. spent my last buck on it at close.. could have had it for cheaper earlier today.. o well.. something good better come out
 
Posted by Mortimer on :
 
quote:
Originally posted by Jo4321:
The company was giving us a clue with the wording of that 8K today. Gotta be something coming.

Jo

I hope you're right Jo. The chart definitely looks ready for that "something coming" to give it a kick. Makes me want to add more shares.
 
Posted by Repoman75 on :
 
Mortimer, you should have added in the $16's.

Now just sit back and enjoy the ride.
 
Posted by Jo4321 on :
 
So nice to see $18.00 again.

Hope it holds. Never know anymore with this one.

Jo
 
Posted by lostone on :
 
dang, 17.98 for last hand.. I should have added in the 16's!! =\
 
Posted by Mortimer on :
 
quote:
Originally posted by Repoman75:
Mortimer, you should have added in the $16's.

Now just sit back and enjoy the ride.

Indeed Repo; my timing sucks 80% of the time - this is why I didn't become a comedian.

I'll sit back on this one this time around. Maybe look into getting more DKAM.
 
Posted by Repoman75 on :
 
Think these fools have a chance at any contracts???

1 down!

Navistar Says NYSE Moves to Delist Company from Exchange; Trading Suspension Set for Feb. 14; Appeal Planned
Tuesday February 6, 4:52 pm ET


WARRENVILLE, Ill.--(BUSINESS WIRE)--Navistar International Corporation (NYSE: NAV - News) said today that the New York Stock Exchange has informed the company that it plans to proceed with its previously announced delisting of the company from the exchange and will suspend trading in company stock at the end of trading on February 13 as part of the procedure.
ADVERTISEMENT


The New York Stock Exchange action is a result of the company's December 15 announcement that it will complete the restatement of its 2005 financial statements after February 1, 2007. The company said it anticipates being quoted on the Pink Sheet Electronic Quotation Service as soon as the exchange suspends trading. The company said it will appeal the decision.

"While we are disappointed with the exchange's ruling and plan to appeal, we continue to remain focused on our principal mission of creating value for our shareholders and that includes turning in strong operating results in our current fiscal year," said Daniel C. Ustian, Navistar chairman, president and chief executive officer.

Bill Caton, the company's Executive Vice President and Chief Financial Officer said, "We are committed to accurate financial statements and we will continue to devote the necessary time and resources to achieve that goal. We have made significant progress on completing the restatement of our financial statements while at the same time strengthening accounting processes throughout the company. Wherever we are listed, we are committed to continued communications with our shareholders."
 
Posted by Repoman75 on :
 
New CEUT report.

http://tinyurl.com/2mcdtq
 
Posted by lostone on :
 
looks good, but makes me nervous..
 
Posted by lostone on :
 
i also like the possible orders from the UK?! that would be nice.. multiple income venues
 
Posted by PCola77 on :
 
lostone, what makes you nervous about it? Something in the report itself, or the fact that the report exists?
 
Posted by Repoman75 on :
 
$19 again, man this moves fast up and down.
 
Posted by PCola77 on :
 
It's like a roller coaster. My tummy hurts.
 
Posted by Jo4321 on :
 
It's been a lot like this roller coaster the past month:

http://www.youtube.com/watch?v=uQrC_C6SexI

(you need about 3 minutes to watch this)
 
Posted by Repoman75 on :
 
Never lose faith... follow the best of breed.
 
Posted by lostone on :
 
quote:
Originally posted by PCola77:
lostone, what makes you nervous about it? Something in the report itself, or the fact that the report exists?

nervous b/c waiting for them to announce the contract.. even tho it is likely FRPT, but u know how it is before the announcement..
 
Posted by Repoman75 on :
 
quote:
Originally posted by lostone:
quote:
Originally posted by PCola77:
lostone, what makes you nervous about it? Something in the report itself, or the fact that the report exists?

nervous b/c waiting for them to announce the contract.. even tho it is likely FRPT, but u know how it is before the announcement..
Forget the contract, that will be anti-climactic... now it's about end of year financials, and most importantly, FORWARD GUIDANCE. The CC will kick azz.
 
Posted by TimW on :
 
Really movin good now. [Razz]
 
Posted by lostone on :
 
nice, 19.20 now..
 
Posted by PCola77 on :
 
Hopefully it stays above $19 this time.
 
Posted by Jo4321 on :
 
PCola, I'm betting that it will.

Let's just say, it appears my reverse Midas Touch is working.

[Eek!]
 
Posted by Repoman75 on :
 
You sold again??? C'mon.
 
Posted by Jo4321 on :
 
quote:
You sold again??? C'mon.
LOL!

Well, I bought some Monday at $16.85, so I sold some of those at $19.10. They were gravy shares, not any of my core position. Too nervous to hold onto them after all that has happenned to the PPS over the past month.

Jo
 
Posted by lostone on :
 
that was a funny dip to 18.55
 
Posted by Repoman75 on :
 
Stops got taken out, daytraders exited.
 
Posted by Jo4321 on :
 
I guess you mean "peculiar" funny, not "ha ha" funny!"

[Smile]
 
Posted by Jo4321 on :
 
Interesting...bad news brings new highs for NAV.

--------------------------------------------

Associated Press
Navistar Hits New 52-Week High
Associated Press 02.07.07, 12:36 PM ET

Shares of Navistar International Corp. climbed in heavy trading Wednesday, after dropping on news that the New York Stock Exchange would go forward with plans to suspend trading of its shares.

The Warrenville, Ill.-based heavy truck maker's shares rose 62 cents to $47.36 in midday trading, after bottoming out at $45 per share early in the session and then hitting a new 52-week high of $47.66 just a few hours later.

The announcement, made after Tuesday's closing bell, initially sent Navistar shares down more than 7 percent in the aftermarket trading.

Navistar said last month that it wouldn't be able to file its annual report with the Securities and Exchange Commission by the Feb. 1 deadline as a result of an ongoing accounting review. The company is in the process of restating financial results back to 2002.

Navistar plans to appeal the delisting and expects to be quoted on the over-the-counter electronic bulletin board known as the Pink Sheets once the NYSE suspends trading in its shares at the end of trading Feb. 13.

JPMorgan's Stephen Volkmann said that while the stock may trade lower in the near term in light of the news, the long-term impact should be minimal. He kept his "Overweight" rating on the company.

"Navistar remains a high risk/high reward story, in our view," Volkmann wrote in a note to investors.

"This delisting decision was expected, and does not reflect any new information on the company. In fact, putting this behind us should give interested investors a chance to participate in a story with one less risk ahead of it."

David A. Bleustein of UBS Investment Research maintained his "Neutral" rating and $50 price target for the stock.

"We believe that merger and acquisition related speculation will continue to support the stock's price despite company specific (delisting, accounting/financial) risks and expectations of a severe industry downturn in 2007," Bleustein said.


Copyright 2006 Associated Press. All rights reserved. This material may not be published broadcast, rewritten, or redistributed
 
Posted by Repoman75 on :
 
I'll take .96 a day.
 
Posted by Slimpickens on :
 
one day closer to financials!!!!!!!
 
Posted by Repoman75 on :
 
Looks like the PP sellers are done, shorts have covered.. we will wade here until financials or news. Good time to buy in.
 
Posted by Slimpickens on :
 
greeeeeeeeeeeeeeeeeeen now
 
Posted by Slimpickens on :
 
anyone know whats up
 
Posted by Jo4321 on :
 
Seems like it follows this same pattern a lot. Up in the morning, followed by a downtrend and then flat for a while. Then towards the end of the day, folks don't want to be caught out if a contract is announced by DoD after hours, price goes back up.


Jo
 
Posted by Jo4321 on :
 
Mention on ABC news. (thanks to goodground on IV)
http://www.abcnews.go.com/WNT/story?id=2858028&page=1

We went through Ramadi yesterday with one of the generals, and you could not believe the vehicles that we were riding in. There's a vehicle called a Cougar that they've recently adapted to the streets here, and that has handled IEDs very, very well. The general was driving in that vehicle and the Humvees are heavily armored. But still it's very dangerous.
 
Posted by Jo4321 on :
 
CNN!

(heads up from defenseeg at IV)

quote:
Force Protection Industries, Inc. and its Buffalo armored vehicle will be featured in the Cutting Edge Designs segment of CNN's Headline News multiple times starting Friday, February 9th through Sunday, February 11th. Approximate air times are as follows:

Force Protection Industries, Inc. and its Buffalo armored vehicle will be featured in the Cutting Edge Designs segment of CNN's Headline News multiple times starting Friday, February 9th through Sunday, February 11th. Approximate air times are as follows:


Friday, between 7:00 AM EST and 7:30 AM EST.
Friday, between 12:30 PM EST and 1:00 PM EST.
Friday, between 5:00 PM EST and 5:30 PM EST.
Saturday, between 1:30 PM EST and 2:00 PM EST.
Sunday, between 9:30 AM EST and 10:00 AM EST.
Sunday, between 3:30 PM EST and 4:00 PM EST.


Missed the first showing already. Looking forward to 12;30 or so.

Jo
 
Posted by lostone on :
 
so how was it?! anyone caught the segment?
 
Posted by Repoman75 on :
 
Short, but positive.
 
Posted by Repoman75 on :
 
Catalyst update... predicting a buyout in 2nd half of '07...

http://catalystresearch.biz/files/FRPT_Update_Report_02_12_07.pdf
 
Posted by Jo4321 on :
 
Another article from our friend Melissa from the street . com

(edited link, scroll to my next post for the text of the article)

Probably will be a rocky day with good buying opportunities.

Jo
 
Posted by Repoman75 on :
 
She even spelt the name of PVI's CEO wrong.. dumb *****.
 
Posted by Jo4321 on :
 
Here's the article. Read it here instead of clicking the link. Clicking the link will probably just help it become one of the street's "TOP TEN"

Force Protection Is Haunted by Past

A possible threat to Force Protection (FRPT - Cramer's Take - Stockpickr) hits close to home.
The South Carolina-based defense contractor has no shortage of rivals in bidding on a huge Defense Department order for blast-resistant military trucks. Nine companies have been asked to supply test vehicles under the multibillion-dollar contract.

But some of Force Protection's stiffest competition may come from nearby -- from a company based across the state that is run by Force Protection alumni.

The closely held company, called Protected Vehicles, employs two senior executives -- CEO Garth Barrett and CFO Thomas Thebes -- who helped transform Force Protection into what it is today.

After serving as a military leader in South Africa, Barrett helped bring that country's blast-resistant technology to the U.S. He founded Technical Solutions Group, a maker of blast-resistant vehicles, in 1997 and sold the company to Force Protection five years later. Before then, Force Protection was a sinking recreational boat seller known as Sonic Jet Performance.

At first, Garrett stayed on as Force Protection's chief technology officer. But he finally left in 2005, when the company tapped Gordon McGilton -- part owner of a leadership training outfit -- as its CEO. Thebes soon followed Garrett out the door and became CFO of Garrett's new privately held company.
Garrett declined to elaborate on his departure from Force Protection because he felt that the situation could get "ugly." Meanwhile, Thebes simply said that he left the company "for sound professional reasons."

Today, Protected Vehicles employs both military and manufacturing veterans in its executive suite. The company has been strengthening its regular workforce as well. The company plans to hire another 400 people in anticipation of big orders, which would more than quadruple its current staff.

Of course, Force Protection has expanded already. The company boasts nearly 800 employees and a partnership with heavyweight defense contractor General Dynamics (GD - Cramer's Take - Stockpickr - Rating) to boot.

Given its current strength and the track record of its vehicles, Force Protection feels unthreatened by Protected Vehicles or other players that may be trying to copy its success.
"Competition is one of the higher forms of flattery," Force Protection Vice President Michael Aldrich told TheStreet.com. "It means you have something worth taking -- or trying to take."

Still, Protected Vehicles clearly plans to succeed. The company points out that the government is widely expected to choose several companies to make the new vehicles rather than lavishing the whole huge contract on one lucky winner.

"That would be a heck of a thing for any one contractor to accomplish on its own," says Drew Felty, program manager for Protected Vehicles. In industry circles, "it has been reiterated several times that two to three contractors are expected to receive high-volume awards. ... We're very confident that we're going to be part of that final selection group."

To be sure, Protected Vehicles still has to prove itself. While Force Protection has already supplied hundreds of vehicles for the war on terrorism, with riders suffering almost no fatalities, Protected Vehicles has been busy playing catch-up. Still, the company says that it has enjoyed some early success in Israel and, like Force Protection, has even "partnered with a major defense contractor" -- to be revealed soon -- here in the U.S.

Some have compared Protected Vehicles' new Alpha to Force Protection's popular Cougar, but with superior body-protection features.
"We've got a long history of understanding mine protection," Barrett explains. And "obviously, you don't build a vehicle to be second-best."
Force Protection isn't shy on confidence, either.

In mid-December, Force Protection raised $153 million by selling 13 million shares of stock to institutional investors in a private placement. Afterward, McGilton publicly thanked those investors for their faith in the company.
In fact, however, that select group of investors had almost nothing to lose. They paid just $11.75 for their Force Protection shares -- with the stock fetching nearly $15 and rising. Then, as promised in advance, Force Protection turned around one month later and filed the paperwork necessary for those investors to start dumping their shares.

Only after private-placement buyers registered to sell their shares -- with Force Protection shifting from the OTC Bulletin Board to the more liquid Nasdaq -- did the stock reverse course and come under intense pressure. The shares did regain some ground this week, closing at $19.02 on Friday.

Even a local South Carolina money manager seems worried about the stock.
Early on, Paul Meeks recommended Force Protection to readers of the business-oriented Charleston Mercury newspaper. Now, however, Meeks feels increasingly uneasy about the company. Looking back, Meeks finds it odd that the local company never responded to his original questions about its well-timed stock option grants. He has found plenty more that troubles him since then.
For starters, in his recent column for the Mercury, Meeks called Force Protection's latest private placement "as unusual as it's disturbing." He fretted over heavy insider selling as well.

Meeks also took a close look at Force Protection's operating results. He saw a gross margin that was less than half of normal and a research and development budget that was almost nonexistent.

"This is not the mark of a technologically advanced company that's properly funding future product development," Meeks declared in the Mercury. And "if FRPT isn't a technology leader, it shouldn't be valued by investors as such."
Meeks recommends that long-term investors sell Force Protection shares short in anticipation of a correction down the road. He has no financial stake in the company himself.

For its part, Force Protection promises better times ahead. Before, Aldrich says, the company was rushing to meet the "urgent operational needs" of soldiers on the ground and had little interest in maximizing profits while doing so. But with help from its big partner, Aldrich says, the company now expects to deliver "dramatically improved" cash flow this year.
 
Posted by lostone on :
 
crap, that's why we going down..
 
Posted by Jo4321 on :
 
most likely.

I'm looking to buy back those shares I sold at $19.10, but I wonder just how low the "street effect" will take it.

Jo
 
Posted by lostone on :
 
dang, would have been nice to play the ups and downs on this one.. stupid me for just holding.. and now it's down to the wire.
 
Posted by Slimpickens on :
 
one day closer to financials
 
Posted by Jo4321 on :
 
Well, decided to buy those shares back at $18.05.

Hope tommorrow is a lot better than today was!

Jo
 
Posted by Repoman75 on :
 
Great buy in the long run.
 
Posted by TimW on :
 
When they repost lines like this:

"recommends that long-term investors sell Force Protection shares short in anticipation of a correction down the road"

No brainer to their position on it. Hope they get burned bad on this one.
 
Posted by Jo4321 on :
 
YESSS!!!

http://biz.yahoo.com/bw/070214/20070214005541.html?.v=1

Force Dynamics Announces $67 Million U.S. Marine Corps Contract
Wednesday February 14, 8:45 am ET


LADSON, S.C.--(BUSINESS WIRE)--Force Dynamics, LLC--a joint venture between Force Protection, Inc. (NASDAQ: FRPT - News) and General Dynamics Land Systems, a business unit of General Dynamics Corporation (NYSE:GD - News)--today announced it has received a $67.4 million contract award from the U.S. Marine Corps to produce 125 vehicles for its Mine Resistant Ambush Protected (MRAP) vehicle program.
ADVERTISEMENT


Under this latest delivery order, Force Dynamics will produce 65 Category I and 60 Category II MRAP vehicles that will be used by all branches of the armed forces. Force Dynamics also announced it will deliver the vehicles within the next 120 days. The MRAP competitive action for the first year's estimated requirement for 4,100 vehicles has an approximate value of $2 billion.

"This is a huge development for Force Dynamics," said Force Protection COO Raymond Pollard. "This joint venture was formed precisely for this purpose: to mobilize quickly on any action item announced by the Marines as the MRAP program moves forward. With advanced proprietary vehicle designs and significant manufacturing capacity, Force Dynamics has the capability to make an immediate and strategically important impact on the war on terror while establishing itself as a leader in the U.S. defense industry. We look forward to further supporting this program as it issues future contracts."

"Our team is committed to the rapid delivery and fielding of Mine Resistant Armor Protected vehicles to the Marine Corps," said General Dynamics Land Systems' Ground Combat Systems Senior Vice President Mark Roualet. "The joint venture management team is in place; our processes are established and tested; we look forward to supporting this critical effort."

Force Protection's Cougar and Buffalo vehicles have been deployed with U.S. and Allied forces in Iraq and Afghanistan since 2003. The vehicles have withstood more than 2,000 IED and mine attacks, and are credited by soldiers with saving lives.

"These vehicles are a highly effective, proven solution to counter IEDs and other explosive threats," said Marine Corps Systems Command Captain Jeff Landis. "No other vehicle has matched those of Force Protection for troop safety in the field."

About Force Protection
 
Posted by cpeed on :
 
Alright!

Hey Joe, im glad you caught a break and bought in the day before the news, instead of last time when you sold around 8, right before the news!
 
Posted by Jo4321 on :
 
LOL! Yeah me too!

I was just guessing yesterday, but I thought I'd buy just before close so that if I needed to sell today I wouldn't have a round-trip.

But I think I'll be holding those shares now!

Jo
 
Posted by lostone on :
 
they're shorting us.. lol..
 
Posted by Jo4321 on :
 
Yet another article from Melissa.

http://www.thestreet.com/_yahoo/newsanalysis/manufacturing/10338902.html?cm_ven= YAHOO&cm_cat=FREE&cm_ite=NA

This one at least focuses on the company and not on stuff in the past, however, she does try here to make the good news sound not so good. As in

quote:
Notably, Force Protection must split the $67.4 million with its joint-venture partner. Moreover, that contract - like a disappointing test order announced last month - looks smaller than some had anticipated.
Then she quotes Daugherty on the January order but because it is in this article today about today's order, folks may think he is talking about today's order.

quote:
"It was somewhat surprising to see such a small award relative to the available budget and desired production timeframe," SunTrust Robinson Humphrey analyst Chris Donaghey admitted after learning about the test orders back in January.
and of course she mentions

quote:
Both Donaghey and McIlree have buy recommendations on Force Protection's stock. Their firms have investment banking ties to the company.
As if to pooh-pooh their recommendations.
 
Posted by TimW on :
 
Thats fine Ill take 67 million dollar contracts every other week as long as it adds up to that 2 billion!

LOL
 
Posted by cpeed on :
 
Are the financials going to be released tomorrow after the bell or before?
 
Posted by Jo4321 on :
 
No guarantee that anything will be released tommorrow. They can release any time on or before March 1 (60 days from December 31) according to new SEC rules.

http://www.sec.gov/answers/form10k.htm

Jo
 
Posted by Jo4321 on :
 
Good to see confirmation of what we all figured would happen.

-----------------------------------------

News for 'FRPT' -

DoD May Cut List Of Armored Vehicle Makers Before Big Order
Of DOW JONES NEWSWIRES

WASHINGTON (Dow Jones)--The Army, Navy and Marine Corps plan to buy more than 4,000 new armored vehicles this year, but probably not from every company that received a test contract last month, U.S. Defense Department weapons buyers said Wednesday.

Nine contractor teams won $35 million in test vehicle contracts for the Mine-Resistant Ambush Protected vehicle program, also known as MRAP. The total program is worth at least $1 billion this year, with the potential for thousands of additional orders.

Chief Navy weapons buyer Delores Etter said schedule is the overriding concern as the program goes forward, although cost will also be a factor. The military needs these vehicles quickly and wants industry to ramp up its production capacity.

But not all of the winning teams are likely to get full-production contracts, she said. Right now, the Pentagon is considering a "creative" range of proposals, some of which probably won't pan out.

"I don't think that we're going to have a large number that actually will go to procurement," Etter said at an Aviation Week defense conference. She did not comment on any specific vehicles.

The MRAP winners include General Dynamics Corp. (GD), Force Protection Inc. (FRPT), Armor Holdings Inc. (AH), Textron Inc. (TXT), BAE Systems PLC (BAESY), Oshkosh Truck Corp. (OSK), Protected Vehicles Inc., Navistar International Corp.'s (NAV) International Military and Government LLC, and General Purpose Vehicles LLC.

To get the new vehicles quickly, the Pentagon will be flexible about how it can transport the vehicles and manage spare parts, said Army Maj. Gen. Jeffrey Sorenson. He said it was too early to say whether the new vehicles would stay in the fleet for decades or phase out once there is less of an acute need.

"This is only a short-term fix," said Sorenson, chief Army weapons buyer Claude Bolton's deputy for acquisition and systems management.

The Army and Marines already have started work on a long-term replacement for the Humvee troop transport. This program, known as the Joint Light Tactical Vehicle, could be worth $10 billion over time according to some analysts.

Even though the MRAP program is a gap filler, it still is likely to expand. At a House Armed Services Committee panel hearing this week on Navy and Marine Corps needs, officials cited a need for many more than the 4,060 vehicles in the baseline plan.

"We're looking for approximately 6,800 total vehicles," said Marine Corps Lt. Gen. Emerson Gardner, deputy commandant for programs and resources.

"We're very confident that we'll have multiple companies qualify," Gardner said.

-By Rebecca Christie, Dow Jones Newswires; 202-862-9243; Rebecca.Christie*dowjones.com

(END) Dow Jones Newswires

February 14, 2007 18:23 ET (23:23 GMT)
 
Posted by Jo4321 on :
 
Interesting this PR is updated with a different quote than the first one and stresses that they still are having "a competition" for additional vehicles.

http://www.bloomberg.com/apps/news?pid=conewsstory&refer=conews&tkr=FRPT:US&sid= azSPp5ZDUjnQ
 
Posted by Repoman75 on :
 
F8ck thestreet.com!

The perfect storm is brewing... its all about earnings now..
 
Posted by lostone on :
 
damn
 
Posted by Repoman75 on :
 
Looks like BAE won an MRAP award for their RG33's.... not unexpected, but could create downward pressure on the stock. It's all about earnings now... that will make or break us for the SHORT term.


BAE Systems Wins $55.4 Million Truck Order From U.S. Marines

By Edmond Lococo
Feb. 15 (Bloomberg) -- BAE Systems Plc, Europe's largest
defense company, won a $55.4 million order from the U.S. Marine
Corps to make blast-resistant trucks.
BAE will make 90 trucks under the Mine Resistant Ambush
Protected vehicle program, Marine Corps spokesman Bill Johnson-
Miles said in an interview today.
The Marine Corps needs new trucks which can better protect
troops from mine blasts and improvised explosives in Iraq, and
may buy as many as 4,100 vehicles valued at $2 billion. The
award to London-based BAE is the second following a $67.4
million contract yesterday to a joint venture between General
Dynamics Corp. and Force Protection Inc., Johnson-Miles said.
Shares of BAE rose 11.25 pence, or 2.5 percent, to 454
pence in London. They climbed 12 percent last year.

--Editor: Wright.
 
Posted by TimW on :
 
Heres a pic of the competetion..


 -
 
Posted by TimW on :
 
BAE Systems sells military equipment to saudi arabia.. who is for the war in iraq.

Go BAE!

*rolls eyes*
 
Posted by Jo4321 on :
 
http://www.localtechwire.com/business/local_tech_wire/news/story/1205510
 
Posted by Jo4321 on :
 
http://www.marcorsyscom.usmc.mil/sites/story/fullstory.asp

Marine Corps Systems Command issues orders for life-saving armored vehicles


QUANTICO, Va. – Using an innovative and unprecedented business process, defense contractors and Marine Corps Systems Command (MCSC) issued orders Wednesday, Feb 15, to produce and field life-saving armored vehicles faster than most thought possible. MCSC simultaneously awarded Low Rate Initial Production (LRIP) orders to two manufacturers for 215 Mine Resistant Ambush Protected (MRAP) vehicles. These orders, which have a total dollar amount of more than $122 million, were issued to accelerate the production of lower risk vehicle material solutions in advance of testing and production orders.

It was just 19 days ago that MCSC challenged industry by awarding nine separate Indefinite Delivery, Indefinite Quantity (IDIQ) contracts for 36 initial MRAP test vehicles. The IDIQ contracts required these initial vehicles to be produced within 60 days. However, in less than two weeks, two of the vendors demonstrated their reliability to produce vehicles meeting Marine Corps survivability requirements, production numbers and delivery timelines. This resulted in LRIP orders being issued to: BAE Systems, Ground Systems Division and Force Protection Industries, Inc. It is anticipated that more LRIP orders will issued in the near future.

“All nine manufacturers originally receiving IDIQ contracts are still active and competitive in this program,” said Paul Mann, MCSC’s program manager for MRAP. “The vendors that did not receive LRIP contracts today have been afforded the opportunity to prove their capabilities in these areas and are still very much a player in this program.”

More than 60 MRAP vehicles are currently being used by Marine forces in Iraq. These armored vehicles have a proven record of saving lives by augmenting the current level of mine, rocket propelled grenades and improvised explosive devices (IED) protection with a V-shaped hull and raised chassis.

“These vehicles provide the best available protection for our warfighters,” said Brig. Gen. Michael Brogan, MCSC commander. “Awarding multiple contracts simultaneously creates full and open competition so we can expand the production base and more rapidly put these life-saving vehicles into the hands of our warfighters.”

The contracts and orders cover two categories of MRAP vehicles. Category I is the smaller, lighter Mine Resistant Utility Vehicle (MRUV) for urban combat operations. Category II is the larger, medium-sized Joint Explosive Ordnance Disposal (EOD) Rapid Response Vehicle (JERRV) for multi-mission operations such as convoy lead, troop transport, ambulance, explosive ordnance disposal and combat engineering. The two defense contractors receiving LRIP orders are required to produce 80 MRUVs and 135 JERRVs with delivery commencing in April.

“Success is in the hands of industry,” said Barry Dillon, MCSC’s executive director. “The vehicles need to have adequate survivability, need to be produced at a high rate and need to be fielded as soon as possible. We are depending on industry to fulfill their contracts on time. We are encouraging them to produce vehicles faster. The faster we can field quality, safe MRAP vehicles, the more lives we can save.”
 
Posted by Repoman75 on :
 
Nice move here end of day... financials tomorrow?
 
Posted by Jo4321 on :
 
Tommorrow? LOL! Take the weekend off Repo!

Jo
 
Posted by Repoman75 on :
 
OH yeah, today is Friday.

Maybe AH?
 
Posted by Jo4321 on :
 
could be.

Seems like something's up that's causing it to pick up all of the sudden today.

Jo
 
Posted by Repoman75 on :
 
114K shares traded right after the close...

Please no more Form 4's!
 
Posted by Jo4321 on :
 
http://www.charlestonbusiness.com/current/13_4/news/8711-1.html

Two local manufactures fight for Marine contract
By Dan McCue
Staff Writer


Protected Vehicles Inc., of North Charleston, and Force Protection Industries Inc. of Ladson, are two of nine companies across the United States awarded part of a competitive contract to help develop the next generation of mine-resistant armored vehicles for the U.S. Marine Corps.

The contract, and the significant vehicle orders that could follow, is seen as an outgrowth of President George W. Bush’s plan to send an additional 20,000 troops to Iraq to quell sectarian violence there.

The company or companies whose vehicles are selected could ultimately be asked to build as many as 4,000 vehicles by December 2007.

But if the contractee’s mission is noteworthy, so is the process. In a significant departure from the recent past, when contracts for similar vehicles were awarded directly to Force Protection, maker of the Buffalo and Cougar mine-protection vehicles, this is the first time the contract for the armored vehicles has been put out for competitive bid.

“This is essentially a case of the requirement being so large, and the contract to fulfill the needs so large, that the U.S. Marine Corps Systems Command had to compete the contract to fulfill the bidding requirements of the federal government,” said Michael Aldrich, vice president for marketing and government relations at Force Protection.

“Rest assured, however, that the system command’s program is based on our vehicles. The only difference is that they’ve invited some world-class contractors to compete for the production order, and we wish our brothers down the road well.”

The contract is the first awarded to that “brother,” Protected Vehicles Inc., which was founded in December 2005, said Drew Felty, the company’s program manager.

The U.S. Marine Corps Systems Command, based in Quantico, Va., awarded the contracts for 36 Mine Resistant Ambush Protected vehicles on Jan. 26. Under the initial contract, each of the companies will produce two vehicles in each of two distinct categories for test and evaluation at the Aberdeen Proving Grounds in Maryland.

The first category of vehicles must be designed for urban combat and must be able to carry six soldiers and their gear. The second category of vehicle is intended for longer troop transfers and special missions, and must have a capacity of at least 10 soldiers.

Speaking of the mission the vehicles will support, Aldrich said he didn’t know of a more important program in Washington, D.C.

“This is our best opportunity in regard to controlling the land and supporting the independently elected government in Iraq,” he said. “That’s why there’s great pressure on all parties concerned, from the taxpayer to the warfighter to the politician to the acquisition community to the manufacturers, to deliver as many of these valuable vehicles as possible as quickly as we can.”

Ironically, Felty believes that tall order gives Protected Vehicles something of a competitive advantage.

“Being a new company and a smaller company, it’s not as hard for us to focus our attention on a custom type of vehicle like this as it would be for a larger company,” Felty said.

But Aldrich is giving no quarter.

“When it comes to a contract like this, the thing that gets people’s attention is its size,” he said. “The reality, however, is that only a small percentage of the contract award actually pays for the system the Defense Department is ordering; a far great percentage of the contract award is dedicated to things like maintaining the vehicles, spare parts, training and educational materials for the warfighter in the field.

“Another small percentage is also earmarked for ongoing research and development. It would build the case for one manufacturer to handle the project using as many production facilities as possible. Of course, the quickest way to lose a Defense Department contract is to tell it how it should administer its programs.”

Felty said if awarded even a piece of the contract, Protected Vehicles, which currently has 110 employees, will grow rapidly.

Dan McCue is a staff writer for the Business Journal. E-mail him at dmccue*charlestonbusiness.com.
 
Posted by Jo4321 on :
 
Lots of coverage lately. Here's an Army Times article:

http://www.armytimes.com/news/2007/02/mcmrap070216/

Corps ups MRAP order, may replace Humvees

By Kris Osborn - Staff writer
Posted : Monday Feb 19, 2007 20:56:29 EST

The Marine Corps is dramatically increasing its purchase plans for bomb-resistant vehicles with an eye toward eventually replacing all its Humvees in Iraq with the V-hulled contraptions, Corps sources said.

The Corps plans to buy 3,700 of the Mine-Resistant Ambush Protected vehicles, up from its initial purchase plan of 1,022.

The move comes just weeks after the Corps launched its first bid to speed up delivery of the MRAPs.

Marine Corps Systems Command in Quantico, Va., placed a $55.4 million order Feb. 15 for 90 MRAPs with BAE Systems and a $67.4 million, 125-vehicle order with Force Dynamics, said SysCom spokesman Bill Johnson-Miles. And the Corps plans to hand out more similar-sized contracts in coming days, he said.

In January, the Corps ordered four test vehicles apiece from those firms and seven other contractors, dispensing $43 million contracts with 60-day deadlines. The tight schedule reflected the Corps’ earlier desire to acquire about 1,000 vehicles by year’s end.

After visits to production lines in February, SysCom officials decided to up their orders with BAE, which is basing its MRAP on its RG33 line of vehicles, and Force Dynamics, a joint venture between General Dynamics Land Systems and Ladson, S.C.-based Force Protection, which makes the armored Cougar and Buffalo vehicles.

“These two companies have shown their reliability to produce vehicles, meaning they meet Marine Corps Systems Command survivability, production number and delivery timeline requirements,” Johnson-Miles said.

He said the other seven companies may also receive more orders.

The Marine Corps is also managing the acquisition of MRAPs for the Army, which wants about 4,700, and the Navy, which intends to buy more than 500. In all, future MRAP orders could total $6 billion.

Capt. Jeff Landis, also a SysCom spokesman, said the command is dealing with nine contractors at the same time in order to get the vehicles tested and out to the fleet faster.

“The only way to do this is to be aggressive,” Landis said. “If we have more than one company doing it, then the production capacity is doubled or tripled. We could almost get 18 different vehicles which meet the requirements and survivability tests.”

Among the requirements, which have been vetted by U.S. commanders in Iraq and Afghanistan: a blast-deflecting V-shaped hull and raised chassis. Testers at the Army’s Aberdeen Proving Ground, Md., will detonate bombs, mines and other weapons under each of the vehicles.

“There will be some blast tests and mobility tests to check the other automotive components such as slope, speed, towing capacity, suspension issues, transmissions,” Landis said.

The results could even affect decisions in the Joint Light Tactical Vehicle program, the Pentagon’s effort to develop the next-generation Humvee, he said.

The Corps plans to buy the MRAPs in two variants: smaller Mine Resistant Utility Vehicles for transporting troops, and larger Joint Explosive Disposal Rapid Response Vehicles for larger groups leading convoys, ferrying the wounded and handling the disposal of explosives.

Besides BAE and the Force Dynamics team, the other contractors are Armor Holdings Aerospace and Defense Group; General Dynamics Land Systems-Canada; General Purpose Vehicles; International Military and Government; Oshkosh Truck Corp.; Protected Vehicles; and Textron Marine and Land Systems.

Brig. Gen. Michael Brogan, chief of Systems Command, described the plan recently to the firms’ chief executive officers at Quantico.
 
Posted by Repoman75 on :
 
$19.90 premarket.

Looks like the PP sellers are gone, the weak retail hands have been shook out, and the fundies are moving in prior to earnings.

Should see $20 today.
 
Posted by Jo4321 on :
 
Cougar is one tough truck! (this picture from the article here http://www.marcorsyscom.usmc.mil/sites/story/fullstory.asp )

 -
 
Posted by Jo4321 on :
 
New order for 180 Buffalo vehicles!!

http://www.fbo.gov/spg/USA/USAMC/DAAE07/W56HZV07R0343/SynopsisP.html
 
Posted by Repoman75 on :
 
That's a nice size contract.. almost $180 mil.

NICE. NOT PR'D YET.

Back to $24.. all before earnings.
 
Posted by Jo4321 on :
 
Thanks for pointing out that it hasn't been PR'd yet.

Similar to the very first contract on this thread that took about 5 hours to PR...then BAM!

When this hits the wires, look out above!

Jo
 
Posted by Repoman75 on :
 
Let's see how the basher MD spins this one... dumb *****.
 
Posted by Jo4321 on :
 
Let's keep her out of it.
 
Posted by Repoman75 on :
 
INSTITUTIONAL OWNERSHIP NOW UP TO 27.01%

http://stocks.us.reuters.com/stocks/institutionalHolders.asp?symbol=FRPT.O&WTmod LOC=L2-LeftNav-21-InstitutionalHolders
 
Posted by Repoman75 on :
 
Earnings tonight?? PR tomorrow?!?!?!

OH SH!T! Buy in now!!! .06 estimates!? They will blow them away by at least .10!!!

Next Report Date Feb 20, 2007
FORCE PROTECTION INC. (NASDAQ)
FRPT 20.06 0.95 (4.97%) Vol. 2,199,140 12.00 CST
Current Quarter Estimate .06 Next Report Date Feb 20, 2007
Next Quarter Estimate .09 EPS last quarter .06
Current Year Estimate .12 Last Quarter EPS Surprise %
Next Year Estimate .58 Last Year's Earnings .12
Expected Earnings Growth 30% Forward Projected PE 29.00
Expected Sales Growth 202.8% ABR 1.33

http://www.zacks.com/research/report.php?type=estimates&t=FRPT
 
Posted by lostone on :
 
geez.. huge buy
 
Posted by Jo4321 on :
 
EOD run on the way.

Lot's of resistance at $20.80 though.
 
Posted by Repoman75 on :
 
20.86 is the T/A breakout point.. have to clear it TODAY.
 
Posted by Jo4321 on :
 
I bought some more trading shares this morning at $20.05. I'm torn between being nervous about keeping them overnight and being nervous about NOT keeping them overnight. LOL

Jo
 
Posted by Repoman75 on :
 
Yeah... my stomach is knotted up... this will be nuts.
 
Posted by Repoman75 on :
 
Breakout...see you at $25.
 
Posted by Mortimer on :
 
quote:
Originally posted by Repoman75:
Breakout...see you at $25.

I'll see your $25 and raise you to $28. .....no, make that $32. [Razz]
 
Posted by TimW on :
 
This still hasn't been PR'd yet, right?
 
Posted by Jo4321 on :
 
Correct. It is a "presolicitation notice". It looks like the actual contract will be awarded on March 5.
quote:
THE U.S. ARMY TANK-AUTOMOTIVE AND ARMAMENTS COMMAND (TACOM-LCMC) IS PLANNING TO AWARD A SOLE SOURCE CONTRACT TO FORCE PROTECTION INDUSTRIES, INC. FOR APPROXIMATELY 180 EACH BUFFALO MINE PROTECTED CLEARANCE VEHICLES (MPCVS), TECHNICAL MANUAL UPDATES, TRAINING, INITIAL REPAIR/SPARE PARTS, AND FIELD SERVICE REPRESENTATIVE SUPPORT. A FIRM-FIXED PRICE CONTRACT IS ANTICIPATED.

 
Posted by Repoman75 on :
 
Existing and Future Contracts/Acronyms/New Investor Info

Here's the list of existing and reasonably likely future contracts for FRPT, as of 2/20/07.

If you are a new shareholder of FRPT or just heard of it and considering a purchase, you have found a company with a lot of potential. Near term, the biggest deals are the Mine Resistant Ambush Protected (MRAP) contract with a potential total of 1000's of Cougars and the Medium Mine Protected Vehicle (MMPV) with possibly over 600 Cougars. This is several billion in potential contracts. Also, there is a 180 Buffalo contract, worth approximately $140 Million that should be awarded in March 07.

In summary,
1) FRPT is completing delivery on a 41 Buffalo order and supporting vehicles under current contracts.
2) Ramping up on the first 199 of 525 Cougar ILAV's they'll build, 86 Cougar Mastiffs, 200 Cougar JERRV and 80 Buffalo orders.
3) Competing for a significant share of an MRAP contract of up to 4100/22000 vehicles and an MMPV contract of up to 260/600+ vehicles.
4) Supporting Cheetah evaluations for the JLTV round of contracts.

If you'd like the easy introduction to the company, watch the company video at
http://www.forceprotection.net/news/video.html?video=fpr_overview

While you are on the company web site, take a look at the other videos, then go over to the testimonials page to see front line thank you's for the lives being saved each day by this company.
http://www.forceprotection.net/news/testimonial.html

That will give you the background to see why this company is saving lives and has been awarded several contracts for vehicle deliveries. As Force Protection increases capacity, the size of the contracts increases. In other words, "We'll buy them as fast as you can build them, so build them faster."

Check out the following summary for lots of details and links for background research.

Note: Line items within a product are approximately ordered based on confidence, i.e. awarded contracts first, soon to be awarded next, followed by likely or possible. Backlogs are as of October 1, since that was the most recent detailed listing. In other words, some of these contracts were completed in Q4, or have had significant deliveries since then. References to the previous messages and links provide further details and justification so that you don't have to just trust me. If you have time, you may want to spend some time reading the background messages and links as well. The IV message numbers refer to messages on Investorvillage’s FRPT board. An acronym dictionary is at the end of the message. This is detailed enough you may want to print it out first, then come back to follow the links.

Cougar (MRAP)
http://www.forceprotection.net/models/cougar/
The MRAP program is currently purchasing the Cougar 6x6 for Category II and Cougar 4x4 for Category I. Once the Cheetah is in production later this year, there may be future Cheetah awards for Category I.
1) 100 JERRV to be delivered between Nov 06 and Nov 07. Expect it will be delivered ahead of schedule, likely by end of Q2. Part of the $125Million delivery order on $214 Mill contract awarded Nov 06. The first units were delivered February 07.
http://www.forceprotectioninc.com/news/news_article.html?id=133
2) Delivery award for the second 100 JERRV on the Nov 06 contract. Awarded, to be completed by Nov 07, but expect to be delivered by end of Q2. $69 Million.
http://www.forceprotection.net/news/news_article.html?id=142
3) Delivery award for 2 Cougar 4x4 and 2 Cougar 6x6 for "prototype" evaluation. Awarded Feb 07 and completed in Feb. Approx $4 Million.
http://www.forceprotection.net/news/news_article.html?id=152
4) Delivery award for 65 Cougar 4x4 and 60 Cougar 6x6. Awarded Feb 07. Expect to be completed in Q2 07. $67.4Million. 50/50 split with GD.
http://www.forceprotection.net/news/news_article.html?id=156
5) IDIQ award for up to 1500 Category I and 2600 Category II vehicles, renewable for up to 5 years. This could easily be many 1000's of vehicles, but the actual quantity that will be ordered will take a few more months to be clear. Potential value: $Billions.

Cougar (Non-ILAV, Non-MRAP)
http://www.forceprotection.net/models/cougar/
The Mastiff is based on the 6x6, the HEV on the 4x4 and most JERRV's are based on the 6x6, but some are 4x4.
1) 86 Mastiff PPV for the British. $65Mill awarded. Deliveries ahead of schedule and to be complete by 5/8/07.
http://www.forceprotection.net/news/news_article.html?id=117
http://www.defenseindustrydaily.com/2006/07/britain-buying-new-land-vehicles-for -iraqi-afghan-theaters/index.php
http://www.forceprotection.net/news/news_article.html?id=136
12/1 8-K says this order is actually for over 90 vehicles.
2) 15 JERRV to be delivered in 3Q-4Q06, $9.3Mill awarded. 11 were delivered in Q3, remaining 4 were delivered in Q4.
http://www.forceprotection.net/news/news_article.html?id=95
http://www.forceprotection.net/news/news_article.html?id=106
3) Delivery award for 15 more JERRV. $9.4Million awarded and all 15 were delivered in January 07.
http://www.forceprotection.net/news/news_article.html?id=148
4) 1 HEV remaining to be delivered. $400K. awarded. This one is left over from a previous contract and keeps getting pushed out, perhaps waiting for another larger HEV order.
5) Ambulance Variant of Cougar recently announced. No specific contract for this one yet. Might get included in MRAP.
http://www.forceprotection.net/news/news_article.html?id=126
6) The Army has an MMPV draft solicitation out for a 260 Vehicle contract with award projected later this year. Approximate value $125 Million. Likely to need two MMPV’s for each Buffalo awarded to form a GSTAMIDS convoy. According to the 12/1 8-K the needs for this one are now over 600 MMPV's instead of just 260, which could make this a $300Million contract.
http://contracting.tacom.army.mil/majorsys/mmpv/mmpv.htm
7) Follow on order of more Mastiff for the British. Contract specifies details for 4 more, but press articles refer to the total order being for about 108, which would be 22. Approximate value $15 Million. Also, the initial order for 86 could be considered a test quantity with much larger orders possible next year as they prove themselves. See IV8805. The 12/1 8-K says the initial order is for over 90 vehicles, with an option to purchase an additional 18.

Cougar ILAV
The Cougar ILAV is the Cougar 6x6 chassis on two axles.
http://www.defenseindustrydaily.com/2006/06/bae-delivering-a-cougar-variant-for- iraqs-4454m-ilav-contract/index.php
1) Total IDIQ ILAV contract shared with BAE is for up to 1050 vehicles for up to $445 Million delivered by May 2008. DoD can initiate delivery orders up to that number fairly easily. Indication is that they will be issued as equiping the Iraqis with ILAV’s is one of the keys to the US handing over control. Partership terms with BAE are: 50/50 production split with BAE. Royalty paid by BAE to FRPT for units BAE builds. 100% of the training and support contract to FRPT. After 1050, contract with BAE is complete, so FRPT can provide 100% of future ILAV’s or renegotiate.
2) Initial delivery order of 378 units awarded. 2 of FRPT's 189 were delivered in Q3. Additional deliveries occured in Q4. Remainder will be completed in Q1 and Q2.
http://www.forceprotection.net/news/news_article.html?id=103
3) Follow on delivery order for additonal 20 units awarded. None delivered yet.
http://www.forceprotection.net/news/news_article.html?id=128
4) Proposed sale of 600 ILAV’s announced to Congress. Approximate value of $240 Million shared with BAE. Not awarded yet, TBD.
http://www.dsca.mil/PressReleases/36-b/2006/Iraq_06-69.pdf
5) Proposed sale of 276 ILAV's. Not awarded yet, TBD.
http://www.dsca.mil/PressReleases/36-b/2007/Iraq_07-09.pdf

Buffalos
http://www.forceprotection.net/models/buffalo/
1) 44 Buffalos to be delivered by Dec 07. Part of the $125Million delivery order on $214 Million contract awarded Nov. 06.
http://www.forceprotectioninc.com/news/news_article.html?id=133
2) Contracts for a total of 41 Buffalos were awarded in 06 prior to the Nov contract. Approximate contract value $30-40Million. Remaining backlog is 33 units.
http://www.forceprotection.net/news/news_article.html?id=78
http://www.forceprotection.net/news/news_article.html?id=79
http://www.forceprotection.net/news/news_article.html?id=131
3) Delivery award for additional 36 Buffalos from Nov 06 contract to be completed by Aug 08. Portion of $214Million Contract. Per SEC filings and press release, FRPT expects to be awarded and is already treating it as if it has been awarded. Value approx $20 Million.
4) Sole Source award for 180 Buffalos expected to be awarded in March. Approximate value $140 Million.
http://www.fbo.gov/spg/USA/USAMC/DAAE07/W56HZV07R0343/SynopsisP.html
5) Rental fees and toy license fees from appearance in the Transformers movie to come out in July 07.
6) British may start buying Buffalos as they gain experience with Cougars. Reference in one of the news articles.
7) The Buffalo is also used in the humanitarian mission of demining old battlefields so that they are safe for civilians. Once capacity allows, there is the possibility of additional Buffalo purchases for this use.

Cheetah (formerly MUV-R and MRUV)
http://www.forceprotection.net/models/cheetah/
1) Likely to get an initial production contract in 2007 to prove the vehicle. Then a larger award once testing is satisfactory. This may occur as an MRAP Category I order, or may be an independent order.
2) Strong position to compete for the JLTV as it moves forward. JLTV is a many billion dollar, many year contract, that will take some time to roll out. see IV11135
3) British may also buy Cheetahs as we believe they have also evaluated them.

ILS/PSI (Field Support, Spares, Training, Maintenance, Repairs, Professional Services )
1) Buffalo ILS Contracts. $5Million for Buffalo spares. Awarded, $800K remaining as of the end of Q3
http://www.forceprotection.net/news/news_article.html?id=80
2) ILAV ILS Contract: $25Million over the next two years, Raging Bull message 76773 Included in 378 unit award.
3) Additional ILS as number of vehicles in the field keeps going up. We will have well over 1300 vehicles in the field within 12 months. See IV39122
http://www1.investorvillage.com/smbd.asp?mb=132&mn=39122&pt=msg&mid=1490371
4) Catalyst reports claim a high return on ILS/PSI, similar to how your auto dealer gets a high return on their service department. Repairs to the vehicle after an IED hit adds significantly to our revenue on an ongoing basis. See latest Catalyst reports on FRPT. http://catalystresearch.biz/ResearchFRPT.html
5) ILS/PSI revenue is somewhat based on total vehicles in the field. In other words, the revene from ILS/PSI would continue to grow every quarter, even if our vehicle shipments were to hit a steady state because the total number of vehicles in the field keeps going up.

Patent Licensing
1) Licensing Revenues from patent on blast protection for wheeled and tracked vehicles. In private negotiations.
FRPT Press release, on investor news page June 15. "The significance of this undertaking cannot be overstated, and we intend to fully exploit this opportunity," said Force Protection CEO Gordon McGilton. "Since the technology can be applied not only to our vehicles, but to virtually any wheeled or tracked vehicle, the potential size of the opportunity may actually exceed that of our vehicle market." Also described in
http://catalystresearch.biz/files/FRPT_Update_Report_06_19_06.pdf

Brief comments:
Can FRPT deliver the units for this many contracts?

FRPT announced partnerships with GD and AH to increase capacity dramatically. The GD partnership gives them access to a pool of skilled welders to build more capsules and the AH partnership gives them access to a pool of skilled truck assemblers for final assembly. In addition, FRPT has a partnership with Ultra Machine and Fabrication that is growing very quickly and Spartan has also been increasing their capacity.

Force Protection announced a joint venture with General Dynamics named Force Dynamics. This joint venture will bid for the MRAP contract and has a production capacity of 200 Cougars per month ramping to 300 Cougars per month by 08. Awards to this joint venture are an even 50/50 split of revenue between the two companies.

Force Protection's recently completed a private placement that raised over $150 Million to finish preproduction activities for the Cheetah as well as increase Buffalo and Cougar capacity.

Force Dynamics Announcement
http://www.forceprotection.net/news/news_article.html?id=144
Private Placement Announcement
http://www.forceprotection.net/investors/news.html December 21 article
GD Announcement
http://www.forceprotection.net/news/news_article.html?id=135
AH Announcement
http://www.forceprotection.net/news/news_article.html?id=138
Ultra Machine and Fabrication
IV14226
http://www.investorvillage.com/smbd.asp?mb=132&mn=14226&pt=msg&mid=992531

This all confirms plans are in place and being executed to win the very high volume contracts. As we said months ago, the deal was get the production capacity in place and the orders will follow.

Additional Resources to review
2006 year in review release
http://www.forceprotection.net/news/news_article.html?id=146

Recent announcement from company of over $10Billion in potential contracts in the pipeline.
http://www.sec.gov/Archives/edgar/data/1032863/000110465906078791/a06-24859_18k. htm
Force Protection Web Site: http://www.forceprotection.net/
Catalyst Financial Reports: http://catalystresearch.biz/ResearchFRPT.html
CE Unterberg Report: http://unterberg.com/research/news/091506FRPTInitiationWEB.pdf
Yahoo Group for Force Protection. http://**************.yahoo.com/group/forceprotection/
Yahoo group has photos, files, contracts, and some message traffic. It could become our store for due diligence files if we started to post them there.
Spartan Q3 conference call. http://www.spartanmotors.com/webcasts.asp The most detailed conference call available describing Force Protection and Spartan's work over the last four months to more than triple Cougar capacity. See IV message 6398 for my summary.

Acronyms:

Vehicles
FCS – Future Combat System – Large Army program to define a new family of vehicles for the Army of several years from now.
GSTAMIDS - Ground Standoff Minefield Detection System. The convoy that includes a Buffalo and its supporting vehicles. An official program.
HEV – Cougar Hardened Engineer Vehicle. Based on Cougar 4x4.
ILAV – Iraqi Light Armored Vehicle. A Cougar 6x6 chassis on two axles instead of three. A troop transport designed to equip the Iraqi’s so they can take over duties currently covered by US troops.
JERRV - Joint Explosive Ordnance Disposal Rapid Response Vehicle – This is a 6x6 or 4x4 Cougar used by the Explosive Ordinance Disposal and Combat Engineer Troops. These job of these troops is to disarm and dispose of IED’s.
JLTV – Joint Light Tactical Vehicle –Program designed to replace the Humvee family of vehicles. Many billion dollar program in early stages of development.
Mastiff PPV- Mastiff Protected Patrol Vehicle. A Cougar 6x6 purchased by the British for their forces.
MPAV - Mine Protected Ambush Vehicle. A briefly used acronym that is equivalent to MRAP.
MRAP – Mine Resistant Ambush Protected vehicle. A series of three vehicles similar to the Buffalo, Cheetah and Cougar. Over 4100 vehicles currently planned.
MMPV - Medium Mine Protected Vehicle. Army program for a vehicle similar to the JERRV or Cheetah. Phrase has also been used to describe the RG-31, but don’t think RG-31 will win the current contract.
MRUV – Mine Resistant Utility Vehicle. Used once or twice by FRPT to describe what is now called the Cheetah
MUV-R - Mine-protected Utility Vehicle / Rapid Deployable (MUV-R), now called the Cheetah.

Services
ILS – Integrated Logistics Support (Spare parts and supplies, routine maintenance service, repairs and training)

Contracting Process
Delivery Award – Purchase order for X vehicles for Y dollars. Ship per schedule, or sooner.
CONUS - Continental US
IDIQ – Indefinite Delivery, Indefinite Quantity Award. For example a contract is awarded for up to 1050 ILAV’s for up to $445 Million, locking in pricing and supplier. But need a delivery award to actual ship product.
OCONUS - Outside continental US. In FRPT's case, typically Iraq and Afghanistan.
RFI – Request for Information. An initial query to industry for “what do you have in this space”
RFP – Request for Proposal. A more direct query for a proposal for industry.
RFQ – Request for Quote. A direct query for a bid on a very specific product or service.

Customers/Partners/Regulators
AH - Armor Holdings. The Sealy, Texas plant owned by Stewart & Stevenson before S&S was acquired by AH builds military trucks.
BAE – British based defense contractor that is partner for ILAV. Formerly British Aerospace, but now has growing US presence due to acquisitions.
DoD – US Department of Defense
GD - General Dynamics. Lima Plant in Ohio builds several lines of armored vehicles.
MoD – British Ministry of Defense
SEC - Securities and Exchange Commission. The SEC is the agency responsible for administering federal securities laws in the US.
 
Posted by Jo4321 on :
 
Check it out. Info about the MMPV program. (thanks to Zippy on IV)

Here's the link:

http://contracting.tacom.army.mil/majorsys/mmpv/mmpv.htm

Lots of good info in the document, including differences between MMPV and MRAP program.

http://contracting.tacom.army.mil/majorsys/mmpv/MMPV%20EXSUM%2018%20Feb%2007.doc

I especially like this one:

quote:
Finally, the MRAP program includes multiple contract awards and potentially multiple sources of MRAP vehicles, while the MMPV will be procured under a single production contract from the offeror whose system represents the best value to the Government.

Get the Cheetah ready boys!
 
Posted by Repoman75 on :
 
Force Protection Chairman Featured on NASDAQ CEO Signature Series

February 21, 2007
Vol. 25 / Issue 01

Force Protection, Inc. Chairman Frank Kavanaugh recently participated in NASDAQ's CEO Signature Series. Mr. Kavanaugh was interviewed by financial reporter Sasha Salama regarding the company's products, its remarkable growth, and emerging opportunities. Excerpts from the interview follow. To view the interview in its entirety, please click on the link.


Frank Kavanaugh Participates in NASDAQ's CEO Signature Series - NASDAQ
February 13, 2007
Q: Force Protection's key customers are the U.S. Marine Corps and U.S. Army. Is it safe to assume that most of the vehicles are going to the wars in Iraq and Afghanistan right now?

A: Actually, our vehicles were designed for a specific type of mission and those in Iraq and Afghanistan are examples of where that mission has occurred. There has been a fundamental shift in the type of equipment that we now fight with. We used to line opposing forces up on two sides and then have a single combative event. Now we're dealing with a different type of warfare, what is known as asymmetrical warfare, where the threat has changed.

"So-called "Red Zones" now contain a 360-degree threat where you never know from which direction threats are coming. These threats come in the form of land mines, improvised explosive devices used for a different type of warfare. The Humvee and things like that are not the right type of equipment to deal with that type of threat and that is where our company has made great strides and created a new type of vehicle for the warfare of the future."


Force Dynamics Announces $67 Million U.S. Marine Corps Contract - Force Protection, Inc.
February 14, 2007
Ladson, SC - Force Dynamics, LLC-a joint venture between Force Protection, Inc. (NASDAQ: FRPT) and General Dynamics Land Systems, a business unit of General Dynamics Corporation (NYSE: GD)-today announced it has received a $67.4 million contract award from the U.S. Marine Corps to produce 125 vehicles for its Mine Resistant Ambush Protected (MRAP) vehicle program.

"These vehicles are a highly effective, proven solution to counter IEDs and other explosive threats," said Marine Corps Systems Command Captain Jeff Landis. "No other vehicle has matched those of Force Protection for troop safety in the field."
 
Posted by Slimpickens on :
 
one day closer to financials
 
Posted by Slimpickens on :
 
looks like everything is setting up perfectly.

financials followed by contract, then followed by big contract.
 
Posted by Slimpickens on :
 
quote:
Originally posted by Repoman75:
Earnings tonight?? PR tomorrow?!?!?!

OH SH!T! Buy in now!!! .06 estimates!? They will blow them away by at least .10!!!

Next Report Date Feb 20, 2007
FORCE PROTECTION INC. (NASDAQ)
FRPT 20.06 0.95 (4.97%) Vol. 2,199,140 12.00 CST
Current Quarter Estimate .06 Next Report Date Feb 20, 2007
Next Quarter Estimate .09 EPS last quarter .06
Current Year Estimate .12 Last Quarter EPS Surprise %
Next Year Estimate .58 Last Year's Earnings .12
Expected Earnings Growth 30% Forward Projected PE 29.00
Expected Sales Growth 202.8% ABR 1.33

http://www.zacks.com/research/report.php?type=estimates&t=FRPT

hey repo i went to the site and all they did was change the date for the next report date to feb. 21. wtf i don't understand why they are putting the current date as the next reporting date seems misleading.
 
Posted by Slimpickens on :
 
seems to be just the date they updated their report, and not the date they expect the next report by the company
 
Posted by Repoman75 on :
 
yeah. Zack's sucks.
 
Posted by moose5150 on :
 
Pretty quiet in here, slipped to the second page.
Anything new going on here?
 
Posted by cpeed on :
 
Anyone know why this is gapping down so hard?
 
Posted by Jo4321 on :
 
Cspeed, basically it is because the Marines ordered more MRAP'S from some other vendors. Still FRPT has the majority of the current orders, and the potential for the majority of the rest, however, people are very fickle.

--------------------------

U.S. Marines Order More MRAPs

Posted 02/26/07 13:29
Print this story
U.S. Marines Order More MRAPs

By KRIS OSBORN

The U.S. Marine Corps ordered another 180 of the heavily armored Mine Resistant Active Protection vehicles (MRAPs) on Feb. 23, part of its effort to accelerate production and deliver 4,100 MRAPs to the U.S. military by the end of the year.

The $79 million contract from U.S. Marine Corps Systems Command (MCSC) in Quantico, Va., awards 20 of the improvised explosive device (IED)-stopping vehicles to General Dynamics Land Systems (GDLS) Canada for $11 million; 100 vehicles to Oshkosh Truck, Wis., for $30.6 million; and 60 vehicles to Protected Vehicles, Charleston, S.C., for $37.4 million.
MCSC is the lead on a joint-service effort to buy more than 6,738 MRAPs for the U.S. Army, Marine Corps and Navy. The Marines have more than doubled the number of MRAPs it plans to order from 1,022 to 3,700.

In January, the Corps ordered four test vehicles from nine different vendors in an effort to boost industry production and field MRAPs as quickly as possible. The $43 million deal gave each of the contractors 60 days to deliver the vehicles for testing.
But ;MCSC has already begun ordering additional vehicles. ;Corps officials, who want the MRAPs as soon as possible, went to vendor locations and examined the materials and design of the vehicles.

“It’s an aggressive campaign,” said MCSC spokesman Capt. Jeff Landis. “We are able to award based on the design and the survivability properties of the materials being used. That is how we can expedite contracting prior to official testing at Aberdeen.”

This new order follows a Feb. 15, $122 million contract award that ordered 90 MRAPs from BAE and 125 from Force Dynamics, a joint venture of GDLS and Force Protection. In total, these two contracts disperse delivery orders among five of the nine vendors that were given money in January.

Army Maj. Gen. Jeffrey Sorenson, deputy for acquisitions and systems management, said he wondered whether dispersing vehicle orders among so many different vendors might complicate maintenance and supplies in theater. Sorenson said simultaneously fielding a host of different models of the same vehicle would not work as a long-term option in a war zone.
Landis said each vendor will send representatives with parts and manuals to deploy with their MRAPs.

Each vehicle will be outfitted with gear at a U.S. military facility in Charleston, S.C., before deploying aboard ship or a C-5 airlifter.
Oshkosh is offering the 13-ton Bushmaster armored vehicle currently in use by the Australian Defense Force and Dutch Army. Oshkosh marketing manager Joquin Salas said the vehicle has endured 12,000 miles of reliability testing, and comes in command-and-control, ambulance and mortar-carrier versions. The vehicle’s V-hull contains the whole drive train, including engine, transmission, transfer case and drive shaft.

The two-year-old Protected Vehicles says it is close to finishing the Golan, an MRAP demonstrator based on a four-wheel-drive armored vehicle with insensitive explosive reactive armor tiles manufactured by Israel-based Rafael. The Golan vehicle is currently being tested in Israel by the Israeli Defense Forces.
The vehicle might be equipped with a lightweight armor composite called ShieldAll.

“In order to stop a 7.62 x 54mm armor-piercing round, you need a little more than 30 pounds of armored steel. ShieldAll can stop the same round for a little over 10 pounds per square foot. Also, ShieldAll has multi-hit capability,” said Protected Vehicles program manager Drew Felty.
General Dynamics Land Systems-Canada is working with BAE to build MRAPs based on the RG-31 Mk5. Under the deal, GDLS-Canada will manage the program and BAE Land Systems will build the vehicles in York, Pa.

The U.S. Army ordered 265 of them in October, said Ken Yama****a, corporate affairs manager with GDLS-Canada. •
E-mail: kosborn*defensenews.com.
 
Posted by Jo4321 on :
 
Hey Repoman, did you get your PM privileges taken away?

Jo
 
Posted by cspaude on :
 
The b!tch strikes again.
 
Posted by Mortimer on :
 
ouch.

No panic........yet.
 
Posted by Jo4321 on :
 
Man this was an ugly day.


From Yahoo Headlines

http://biz.yahoo.com/ap/070226/force_protection_mover.html?.v=1


AP
Force Protection Slides in Trading
Monday February 26, 4:37 pm ET
Force Protection Declines As Rival Wins $30.6 Marine Corps Vehicle Order


NEW YORK (AP) -- Shares of military contractor Force Protection Inc. fell Monday after rival Oshkosh Truck Corp. signed a $30.6 million Marine Corps contract to build combat vehicles.
Shares of Force gave up $2.89, or 14.5 percent, to $17 on the Nasdaq Stock Market.


On Monday, Oshkosh said it will provide 100 military trucks designed to protect occupants from mines and improvised explosive devices under its "Mine Resistant Ambush Protected" vehicle program. Oshkosh plans to ramp up its production schedule and deliver the first units within 120 days.
In January, the Defense Department named a slate of companies awarded contracts for up to 4,100 Mine Resistant Ambush Protected vehicles for the Marines and other military services.

C.E. Unterberg Towbin analyst James McIlree said Force is seeing greater risk amid greater competition.

"Clearly the Marines continue to keep their options open, as well as pressuring all vendors to quickly bring up capacity," McIlree wrote in a client note.

But McIlree kept a "Buy" rating on Force, saying that the company will gain from the Marine's Mine Resistant Ambush Protected vehicle program, which has expanded from 1,200 vehicles to at least 6,700 vehicles for the Marines, Army and Navy.

"While the number of participants in the program is greater than we anticipated we continue to believe ultimately two or three vendors, with field-proven vehicles and productive capacity, like Force Protection, will end up with the majority of the task orders," McIlree wrote.
 
Posted by Slimpickens on :
 
quote:
Originally posted by Jo4321:
No guarantee that anything will be released tommorrow. They can release any time on or before March 1 (60 days from December 31) according to new SEC rules.

http://www.sec.gov/answers/form10k.htm

Jo

Jo, i went to the link and could not find the part about 60 days, could you help me out?

and you mail box is full.
 
Posted by Slimpickens on :
 
quote:
Originally posted by Slimpickens:
quote:
Originally posted by Jo4321:
No guarantee that anything will be released tommorrow. They can release any time on or before March 1 (60 days from December 31) according to new SEC rules.

http://www.sec.gov/answers/form10k.htm

Jo

Jo, i went to the link and could not find the part about 60 days, could you help me out?

and you mail box is full.

never mind i found it, just overlooked it the first time.
 
Posted by Jo4321 on :
 
Now folks are saying that they may not fall under the "Large Accelerated Filer" because of the date of the private placemetn. So therefore, earnings may not have to be reported until 75 days or 90 days out (March 15 or March 30) depending on which of those other two categories they fall into.

Jo
 
Posted by PCola77 on :
 
Getting slammed again today.

Good luck to those of you still holding. I hope it turns around for you!
 
Posted by Jo4321 on :
 
PCola, With you and Repoman now out, I feel lonely. (and a bit stupid)

I did sell some at $20.10 the day before yesterday before the big dip, but I stupidly bought them back in the 17's thinking that surely it wouldn't go lower than that!

I'm feeling kind of ill today!

We've been here before though (the 16's) so I think it'll recover. I sure wish I had waited to buy at these levels instead, though.

Jo
 
Posted by PCola77 on :
 
I didn't know that Repo was out. I actually ended up a bit "lucky" on this one.

I set a stoploss for $17 after averaging in at about $20.

Turns out I forgot to set it at GTC, so even though it went below $17 after that, and I thought I had stopped out, I didn't. I ended up selling at like $18.75 last week for a "extra" 10% on what i thought I had sold for.
 
Posted by Jo4321 on :
 
I think Repo may be back in now, if he's the same Repoman57 that posts on RB.

Where are you Repo? It's okay, we don't hate you because you shorted! Turns out that was the smart move.

Jo
 
Posted by Mortimer on :
 
Jo, I'm still in. FWIW.

I'm averaged in around the 11's and I probably should pull half my position until this market finishes its "quite time looking at itself". I dunno, I just feel blahzay today. IMO, this stock really isn't getting slammed so bad today. Yesterday though,.....oy vey!
 
Posted by Jo4321 on :
 
Re: Stars and Stripes - Military speeding purchase of new vehicles - February 28, 2007

http://www.estripes.com/article.asp?section=104&article=43910

Military speeding purchase of new vehicles


Stars and Stripes,
Mideast edition, Wednesday, February 28, 2007


ARLINGTON, Va. — The Army’s goal is to purchase up to 18,000 vehicles designed to stand up better against roadside bombs to augment its fleet of up-armored Humvees, said Army’s the director of Force Development.

The new vehicles could be a combination Mine Resistant Ambush Protected Vehicles and Joint Light Tactical Vehicles, Brig. Gen. Charles A. Anderson told reporters Tuesday.

The Army has already asked for money to buy 2,500 MRAPs, which have V-shaped hulls to deflect blasts and have proven to provide more protection against roadside bombs than Humvees.

Anderson said the Army also plans to accelerate the deployment of the JLTV, which is currently in developmental testing.

“The Joint Light Tactical Vehicle, right now, is supposed to come to the Army in 2012,” Anderson told reporters Tuesday. “Well, that’s too late for us. We want to accelerate the JLTV to the left, bring it earlier.”

The Army hopes to start buying the JLTVs, which will ultimately replace the Humvee, in 2009 or 2010, Anderson said.

Anderson could not say Tuesday when the Army hopes to have all of the 18,000 new vehicles.

Meanwhile, the Marine Corps plans to field 3,377 JLTVs through fiscal 2013, after which the JLTV will replace the Humvee as the Corps’ primary tactical vehicle.

The Corps also plans replace all of its up-armored Humvees in Iraq with about 3,700 MRAP by the end of 2008.
 
Posted by PCola77 on :
 
getting smoked again today.

I may buy back in soon.
 
Posted by Jo4321 on :
 
PCola, some things to think about when deciding the timing of your "re-entry". (how I wish I was in your shoes and had some $$$ to get in at these prices).

The new Buffalo Order will probably be formally announced on March 5th. http://www.fbo.gov/spg/USA/USAMC/DAAE07/W56HZV07R0343/SynopsisP.html


Bob Woodward is doing a series of stories on his experience in Iraq (he's the reporter who was hit with an IED).

http://abcnews.go.com/WNT/WoodruffReports/

I didn't see it on TV, but others on IV did and apparently at the end, he talked about upcoming segments he will be doing and he appeared in the FRPT factory in South Carolina. So there is likely to be a segment on FRPT in the future on ABCNews or Nightline.

Here's what the Sarasota_Sam posted on IV:
quote:
Bob Woodruff and FPI

Just saw ABC Nightline. It was a recap of Bob Woodruff's injury last tear in Iraq.

Nightline was talking about what his future reports would be about and there was Bob interviwing FRI'S VP Aldrich!!

He is going to do a special report on FRPT' and our vehicles.

There was a shot of the assembly area and an absolutly beautiful video of the mine blast test of the Cougar...BIG blast , Fire, smoke, and that damn vehicle didn't budge an inch. This preview and that segment will do wonders for our company!!!

Earnings could be any time before March 15. (and maybe even as late as March 30, depending on what type of filer they are)

Jo
 
Posted by PCola77 on :
 
thanks jo. Although my shoes aren't that great [Smile]
 
Posted by TimW on :
 
I do believe thats it for the red days..
 
Posted by Slimpickens on :
 
working on a little comeback now
 
Posted by Jo4321 on :
 
I wouldn't mind it going up in .40 - .50 increments like this, up until earnings and/or the Buffalo contract is announced.

When it goes up to fast, it falls too fast.

Nice to see green today, but it will be a while until I truly see green in my account.

Jo
 
Posted by Jo4321 on :
 
Armored Humvees are Not the Answer

http://www.americanchronicle.com/articles/viewArticle.asp?articleID=21440
 
Posted by PCola77 on :
 
By the way Jo, Repo asked me to let you know that he is still in FRPT.
 
Posted by Repoman75 on :
 
Still in! But I'm taking a break from this board...

Remember, EARNINGS - make us or break us.
 
Posted by Jo4321 on :
 
Yeah, it's the "break" part I worry about.

Can anyone really explain how earnings affect a stock? I thought always earnings up meant good for pps. This seemed very true with SPAR in Feb when they reported good profits and soared over $6.00 in one day. But then look at CRDN, which reported that its profits doubled and then the pps sank. Is it just a crap shoot how the market will react to earnings at any time?

Jo
 
Posted by PCola77 on :
 
Jo, it depends more on what the earnings look like relative to expectation. Like if analysts expected revenue to triple, revenue doubling is bad news. the tripling of revenue was already priced into the share price, so "just" doubling removes some amount from the shaer price.

Hopefully that's what you were asking.


quote:
Originally posted by Jo4321:
Yeah, it's the "break" part I worry about.

Can anyone really explain how earnings affect a stock? I thought always earnings up meant good for pps. This seemed very true with SPAR in Feb when they reported good profits and soared over $6.00 in one day. But then look at CRDN, which reported that its profits doubled and then the pps sank. Is it just a crap shoot how the market will react to earnings at any time?

Jo


 
Posted by Jo4321 on :
 
Cheetah Vehicle Production Version Headed to AUSA Winter Symposium and Exposition

IN THE NEWS


Cheetah Vehicle Production Version Headed to
News on the FRPT website:

http://www.forceprotection.net/news/news_article.html?id=159

AUSA Winter Symposium and Exposition
Publisher: Force Protection, Inc.
Date: 03/01/2007

The Cheetah Production Version is headed to the AUSA Winter Symposium and Exposition at the
Broward County Convention Center in
Ft. Lauderdale, FL March 7-9, 2007.


Jo

PS: Thanks PCola for the explanation
 
Posted by Mortimer on :
 
quote:
Originally posted by PCola77:
Jo, it depends more on what the earnings look like relative to expectation. Like if analysts expected revenue to triple, revenue doubling is bad news. the tripling of revenue was already priced into the share price, so "just" doubling removes some amount from the shaer price.

I agree PCola, but will add that I think confident forward guidance/outlook comes into play as well. If the pps is at a level that is already thought to be in line with expected earnings, then what could be the other catalyst(s) that spur pps to increase?

With the FRPT earnings, I'm just hoping that the news will stabilize the stock and better define a support level. What I'm really waiting for is "that bigger news" to fling the pps into the stratosphere.
 
Posted by Jo4321 on :
 
Force Protection, Inc. Production Rates Reach Record Levels in February

Last update: 3/2/2007 8:45:14 AMLADSON, S.C., Mar 02, 2007

(BUSINESS WIRE) -- Armored vehicle manufacturer Force Protection, Inc. (FRPT) today announced that its production rates reached record levels as it delivered more Buffalo and Cougar vehicles to the U.S. government in February. "We've once again broken our monthly vehicle delivery record," said Force Protection Vice President for Vehicle Programs Damon Walsh. "We will continue working to expand our monthly production to meet the expected increase in orders for our vehicles."

Force Protection's Buffalo and Cougar mine-protected vehicles have logged more than two million hours of heavy combat operations and have withstood in excess of 2,000 explosive attacks since they were first deployed in 2003.

"All of our production programs are on or ahead of schedule," said Walsh. "We have fully completed the Cougar Joint Explosive Ordnance Disposal Rapid Response Vehicle (JERRV) program requirements and are delivering ahead of schedule on our Buffalo and Iraqi Light Armored Vehicle (ILAV) contracts. This month also marks the first deliveries of Mine Resistant Ambush Protected (MRAP) vehicles for both the sole source and competitive contracts. In the next two months, as we finish the UK Cougar Mastiff contract, Force Protection will stand ready to devote our full capacity to meet the needs of the Mine Resistant Ambush Protected (MRAP) program."

Force Protection, through its joint venture company, Force Dynamics, LLC, with General Dynamics Land Systems, a business unit of General Dynamics Corporation (GD), was awarded an initial delivery order for 125 Cat I and Cat II vehicles from the U.S. Marine Corps under the MRAP program on February 14, 2007. This followed Force Protection's sole source award for 200 MRAP
 
Posted by cspaude on :
 
When FRPT was climbing, Melissa Davis(thestreet's paid basher) tried to spark fears that 'little ol' Force Protection' would never meet production demands and that's why the DoD would never pick them. I guess that article is FRPT's way of shoving it up her a$$.
 
Posted by Jo4321 on :
 
Right, I think it is more likely that their competitor, PVI, won't be able to meet production demands, yet she was very favorable to that company in the last article.

Jo
 
Posted by Jo4321 on :
 
Here we go!
quote:

Force Protection, Inc. to Release Fourth Quarter 2006 Results
Friday March 2, 5:43 pm ET

LADSON, S.C.--(BUSINESS WIRE)--Armored vehicle manufacturer Force Protection, Inc. (NASDAQ:FRPT - News) today announced that it will report its fourth quarter 2006 results on Friday, March 16, 2007, after the close of markets.

About Force Protection, Inc.

Force Protection, Inc. manufactures ballistic- and mine-protected vehicles through its wholly owned subsidiary. These specialty vehicles are protected against landmines, hostile fire, and Improvised Explosive Devices (IEDs, commonly referred to as roadside bombs). Force Protection's mine and ballistic protection technology is among the most advanced in the world. The vehicles are manufactured outside Charleston, S.C.

For more information, go to www.forceprotection.net.


 
Posted by TimW on :
 
Monday will be a great day :-D
 
Posted by cspaude on :
 
I don't think today will be so good. I think everyone will ignore the news in light of the broader markets.
 
Posted by Repoman75 on :
 
Give it time.. AMTD is all screwed up with its quoting system. Some MM's having trouble as well.
 
Posted by TimW on :
 
I misread the news article.. I didn't see march 15th, thought q4 earnings were going to be out by now. Oops.

I take back my great day monday comment!
 
Posted by TimW on :
 
Anyone else find today a little unusual?

Down 1.36 during the day then after hours up .84.. huge amount to be up during after hours.

Possibly because of the 180 buffallo contract that was "proposed" or "projected" due today?

General Information

Document Type: Presolicitation Notice
Solicitation Number: W56HZV07R0343
Posted Date: Feb 16, 2007
Original Response Date: Mar 05, 2007
 
Posted by glassman on :
 
quote:
Originally posted by moe77sco:
posted January 29, 2007 13:49
Does anybody think this may drop to $15 short term.

 -
 
Posted by Stefan on :
 
Force Protection Industries, Inc., Ladson, S.C., is being awarded a $16,260,713 firm-fixed-priced delivery order 0004 under previously awarded contract (M67854-07-D-5006) for 19 Buffalo vehicles and 19 90-day On-board Consumables Block (OCB). The Buffalo are mine-resistant, route clearance-type vehicle that is needed in convoy operations. The OCB are consumable parts which include fuses, fan belts, filters, bulbs, etc., to be packed and carried on each vehicle to cover 90 days operation. Work will be performed in Ladson, S.C., and work is expected to be completed by September 2007. Contract funds in the amount of $16,260,713 will expire at the end of the current fiscal year. This contract was not competitively procured. The Marine Corps Systems Command, Quantico, Va., is the contracting activity.
 
Posted by Jo4321 on :
 
That's great news because this is more Buffalos being delivered under the previous contract.

This would be IN ADDITION to the 180 that will be awarded by the Army soon. See http://www.fbo.gov/spg/USA/USAMC/DAAE07/W56HZV07R0343/SynopsisP.html
Jo

----------------------------------------

BN 17:01 Force Protection Wins $16.3 Million Marine Corps Truck Order
.

By Edmond Lococo
March 6 (Bloomberg) -- Force Protection Inc., the biggest maker of blast-resistant trucks for the U.S. Marine Corps, won a $16.3 million order to make more of the vehicles used to clear
roadways of mines and explosives in Iraq.

The latest award funds the production of 19 Buffalo trucks, the largest of three classes of blast-resistant vehicles the service is ordering, Captain Jeffrey Landis, a Marine Corps
spokesman, said today in a phone interview.
Force Protection's Buffalo mine-protected vehicles have a raised chassis and V-shaped hull to deflect explosive force.

The Marines Corps has said it may spend as much as $2 billion buying as many as 4,100 blast-resistant trucks. It gave nine companies
prototype development awards for two smaller vehicles last month, and Force Protection was picked as the sole producer of the largest version in November.

``We started with a sole-source award for the Buffalo because Force Protection had the only viable manufacturing solution,'' Landis said. ``We need to produce these vehicles as
quickly as possible, while simultaneously working competitive bids for the other vehicles.''

Force Protection is competing for awards to build the smaller trucks with its Cougar vehicle. The Buffalo and Cougar have already logged more than two million hours of heavy combat operations and withstood more than 2,000 explosive attacks since they were first deployed in 2003, the company has said.

Force Protection, based in Ladson, South Carolina, was picked by the Marines last month as one of the first two companies to begin low-rate production of the smaller vehicles. It won a $67.4 million contract for 125 of its Cougar trucks. BAE Systems Plc, based in London, received a $55.4 million order for 90 vehicles.

Biggest Truck

The award that established Force Protection as the only producer of the biggest truck had an initial value of $125 million and included about 44 of the Buffalo and 100 smaller
vehicles, Landis said. Work under the latest contract will be completed by September, he said.

The Buffalo can carry a crew of 12 passengers and is used to transport explosive ordnance-disposal teams, Landis said. The
truck features a large boom arm that can be used to clear debris and suspicious material from roadways, he said. The smaller
trucks carry up to 10 passengers and are used for functions ranging from troop transports to ambulances, Landis said.
Shares of Force Protection rose less than 1 cent to $15.12 at 4:30 p.m. in New York Stock Exchange composite trading. They
have surged eightfold in the past year.
 
Posted by Repoman75 on :
 
Force Protection, Inc. Announces Review of Financial Statements; Restatement of Previously Filed Financial Statements Will Be Made
Tuesday March 6, 6:33 pm ET


LADSON, S.C.--(BUSINESS WIRE)--Force Protection, Inc. (the "Company") (FRPT) announced today that management of the Company has completed a review of its prior financial filings. In that review, the Company has discovered items which require restatement. The Company will restate the financial statements for the fiscal year ended December 31, 2005. The Company did not give a timetable as to when the restatement would be completed.
ADVERTISEMENT



The Company believes the areas requiring restatement relate to its accounting for preferred stock and warrants issued to investors. The Company has reviewed applicable Financial Accounting Standards Board Statements and Emerging Issue Task Force Statements (EITFs) including EITF 00-19, Accounting for Derivative Financial Instruments Indexed to, and Potentially Settled in, a Company's Own Stocks. As a result, the Company believes that the accounting method it applied to the warrants of its Series D Preferred Stock equity issuance did not include a complete analysis of the mandatory redeemable feature as required.

The Company believes that it will need to restate its financial results for the year ended December 31, 2005 to reflect a realized gain on derivative instruments in the range of $2 to $4 million due to changes in the "fair value" of the warrants, however, this adjustment is still an estimate and it may be higher or lower once the Company completes the final accounting and independent audit of its conclusions. The Company believes that the restatement will not materially impact its 2006 financial results. The Company's management and audit committee have discussed the subject matter giving rise to this conclusion with Jaspers + Hall, PC, its independent accounting firm for the fiscal year ended December 31, 2005.
 
Posted by Jo4321 on :
 
So it's a restatement to the better!

http://yahoo.reuters.com/news/articlehybrid.aspx?storyID=urn:newsml:reuters.com: 20070306:MTFH67132_2007-03-06_23-45-54_WNAS3209&type=comktNews&rpc=44

March 6 (Reuters) - Force Protection Inc. (FRPT.O: Quote, Profile , Research) said it will restate its fiscal 2005 financial results to reflect a realized gain on derivative instruments.

The maker of ballistic- and mine-protected vehicles said the restatement was not likely to materially impact its 2006 financial results. (Reporting by Rakesh Sharma in Bangalore)
 
Posted by everyone's hero on :
 
The biggest lesson in the stock market.
Buy on the rumor and sell on the news. There is hardly any exception. Even big cap comanies like Apple and Microsoft wasn't exception to this. Microsft were doing okay before the release of Windows Vista. They took a dive after the release. Apple did okay until their earnings release + iPhone news. After, it sure did went down.
Let this be the lesson of your lifetime.
I just seen too many stocks on these boards, members waiting for the news and news comes out and suffer big loss.
Again, Investing 101-buy on rumor and sell on news.
Genesis chapter of investment bible-buy on rumor and sell on news.
Penny Stock rule #1-buy on the rumor and sell on news.
And my personal motto-buy on rumor and sell on news.
Repeat this ten times a day for at least a year, then you will become somewhat of semi-professional investor.
 
Posted by Jo4321 on :
 
SPAR w/FRPT mention. It'd be nice to see FRPT's PPS go up 36% in one day when they report earnings, eh?
-------------------------------

Orders For Military Vehicles Help Spartan's Bottom Line

http://biz.yahoo.com/ibd/070306/general01.html?.v=1

Investor's Business Daily
Orders For Military Vehicles Help Spartan's Bottom Line

Tuesday March 6, 7:00 pm ET
Marilyn Much

Fueled by growing demand in its key markets, Spartan Motors is moving in the fast lane.
Spartan (NasdaqGS:SPAR - News) makes custom chassis for recreational vehicles, firetrucks and military vehicles. Based in Charlotte, Mich., Spartan also designs and builds ambulances and firetrucks.

Lately, business has been heating up -- and so has its stock price. In the fourth quarter, earnings grew more than fivefold to 26 cents a share, well above views. Sales climbed 64% to $123.6 million.

Investors took notice. On Feb. 15, the day it reported results, Spartan's stock price surged 36% to an all-time high.

Analysts polled by Thomson Financial see earnings rising 24% to $1.15 in 2007, then rising an additional 16% in 2008.

The company is getting a lift on a few fronts. Spartan gets the bulk -- about 43% of sales -- from the RV market, where it makes chassis for Class A motor homes. After going through a slump in 2005 and 2006, the RV market is expected to turn up this year. Also, two lagging Spartan units are poised to turn profitable this year, says Chief Executive John Sztykiel.

Its military business has been hot. Though Spartan gets only 17% of sales from military chassis, it's the company's fastest growing business.

Military Growth

Here, Spartan acts as a subcontractor. It supplies and integrates key chassis components and helps in the manufacturing of Force Protection's (NasdaqCM:FRPT - News) Cougar armored vehicles and BAE Systems' Iraqi light armored vehicles(ILAVs).

The Cougar has a V-shaped hull designed to deflect the force of explosions from passengers inside the armored hull. The ILAVs are similar to the Cougar and include Force Protection's V-shaped hull.

Spartan started working with Force Protection in 2005 and BAE in 2006. In the fourth quarter, Spartan's sales of military chassis jumped 877% from the prior year. At the end of the quarter, backlog from its military business was up 240% to $49.7 million.

Sztykiel expects the military segment to continue to be the firm's fastest grower in 2007.

"Over the next three to five years, we see tremendous opportunity in the military segment due to the fact that improvised explosive devices (IEDs) are responsible for 62% of the deaths in Iraq and today you can buy a land mine for as cheap as $3," he said.

Considering the high percentage of deaths tied to IEDs and how cheap it is to buy a land mine, Sztykiel expects the military will continue to provide improved protection against such devices.

Force Protection has had success with the Cougar and has seen a lot of interest in it from the U.S. and British military, says analyst Ned Borland of Next Generation Equity Research.

Spartan has been the supplier of the chassis on every Cougar order released by Force Protection to date, Borland says. And Force Protection's growth profile is pretty substantial, he adds.

Most recently, on Jan. 23, the Spartan Chassis unit received a subcontract order from Force Protection to supply and integrate key chassis components and assist in the making of 155 Cougars for use by the U.S. Marine Corps. The order, worth $23.7 million, is Spartan's second largest military chassis order. Its biggest came in June. It was a subcontract order from BAE that was worth about $45 million.

"We continue to work with Force Protection and BAE Systems as they seek new contracts from the U.S. military, such as the mine-resistant, ambush-protected (MRAP) vehicle program, which is out and being evaluated right now," Sztykiel said in a conference call.

According to press releases both companies have submitted vehicles for testing and evaluation of the MRAP program, he adds. Spartan is a subcontractor.

Borland expects a large chunk of the vehicles ordered under the MRAP program to go to the companies with which Spartan is working.

Spartan is gaining steam on other fronts. For about 20 months -- until November -- the Class A motor home market was in a slump, Borland says.

Even during that tough period Spartan was able to grow and gain share. In 2006, when Class A motor home sales were off about 13%, Spartan's sales from this segment grew 7.9% from the prior year, Sztykiel says.

In the fourth quarter, Spartan's RV chassis sales rose 32.4%.

Spartan got a nice boost from the addition of a new customer -- Tiffin Motorhomes -- about halfway through 2006.

Motor Home Chassis

"Tiffin is now offering products on Spartan chassis that are being received extremely well in the marketplace," Sztykiel said.

Before adding Tiffin to the mix, Spartan had only three original- equipment makers as customers for its RV chassis.

Meanwhile, in 2007 it will be seeing an "uptick" in the Class A motor home market, especially those using Spartan chassis, Sztykiel said.

The RV industry will benefit from the decline in gas prices over last year's levels of over $3 a gallon, he says.

"As we look to 2007 we're extremely excited about our RV business," he said. "We see stability and lower fuel prices and we have another strategic partner in Tiffin Motorhomes."

Borland says the rise of Spartan's stock has been driven mostly by enthusiasm over its military business and the belief that the RV market is turning up.

Spartan gained share during the downturn in the RV market, he says.

"Now it has the wind of the market at (its) back," he added.

At the same time, two units that had been unprofitable are poised to move into the black this year. One is Spartan's Crimson Fire Aerials unit, which makes aerial firetrucks. The other is its Road Rescue arm, which produces ambulances.

"Both companies improved in a substantial way in 2006 vs. 2005 in reducing their losses," Sztykiel said. "We expect both companies to move into profitability somewhere in the third quarter of 2007."

Copyright 2007 Investor's Business Daily, Inc.
 
Posted by Slimpickens on :
 
i have no idea what is going on here but i am ready for the damn financials.
 
Posted by Jo4321 on :
 
Crap is going on here!

Check out this PR that was released. HIGHLY MISLEADING, implying that OSK is the one who made the cougars that have been around since 2004. I am so angry about this one, I could spit.

quote:
US Orders More Mine-Resistant Trucks For Iraq After Test Run
Last update: 3/7/2007 2:41:13 PM

OSHKOSH, Wis. (AP)--A new combat truck with a V-shaped bottom designed to withstand blasts from roadside bombs is performing with such success in Iraq that the U.S. military is pressing Oshkosh Truck Corp. (OSK) and others to churn out hundreds more in the coming months.

About 200 prototypes of the Mine-Resistant Ambush-Protected vehicles have been deployed in Iraq since 2004, said Capt. Jeff Landis, spokesman for the Marine Corps Systems Command in Quantico, Va. No Marine has died while in one of the trucks, Landis said.
"This is the best vehicle available for safety and survivability," he said. "The MRAP vehicle supplies troops with the greatest protection we've had."

The key is the truck's V-shaped steel body, which flares like the hull of a boat, said Joaquin Salas, spokesman for Oshkosh, which is based in Wisconsin.

"The shape channels the full force of a blast up the sides of the vehicle rather than through the floor," Salas said. "It's all physics. Vehicles with that shape are extremely effective."

Within the past month, the Pentagon awarded about $210 million in contracts to Oshkosh and four other companies in the U.S. and Canada to manufacture a total of nearly 400 more vehicles. Landis said the military hopes to receive them by the end of the year.
Since the war began, more than 3,160 U.S. service members have died in Iraq. Roadside bombs account for 70% of U.S. deaths and injuries in Iraq, according to Defense Department records and testimony.

The Pentagon has been criticized for supplying insufficient armor for Humvees, the standard vehicles used for transport. The military has since fitted thousands of Humvees with additional armor. But most of the surfaces on a Humvee's underside are flat, creating a large area that catches the force of land mine blasts.

The new vehicles also have tires that can be driven on even when flat.
Commanders in Iraq originally said the military would need 4,100 mine-resistant vehicles, but they raised their request to 6,738 in mid-February after seeing how well the trucks protected occupants, Landis said. Those requests are subject to approval by Congress.
In addition to Oshkosh, the other contractors are Protected Vehicles Inc. of North Charleston, S.C.; Force Protection Industries in Ladson, S.C.; BAE Systems PLC (BAESY) in Washington; and General Dynamics Land Systems in Ontario, Canada. Force Protection Industries is a unit of Force Protection Inc. (FRPT) and General Dynamics Land Systems is a subsidiary of General Dynamics Corp. (GD).

The trucks come in three categories, from the small - a 7-ton truck that holds six passengers - to the colossal - a 22.5-ton mammoth that carries 12 passengers. By comparison, General Motors Corp.'s (GM) Hummer H3 weighs about 3 tons and a military tank around 71 tons.
Despite the new trucks' protective strength, military officials said they don't believe they will completely displace lighter, more maneuverable vehicles.
(END) Dow Jones Newswires
March 07, 2007 14:41 ET (19:41 GMT)



 
Posted by Jo4321 on :
 
Corrected article with additions in bold type. (still highly slanted towards OSK, but at least no longer implies that OSK is the maker of the MRAPs deployed)
-------------------------

Pentagon orders mine-resistant trucks By DINESH RAMDE, Associated Press Writer
30 minutes ago

OSHKOSH, Wis. - A new combat truck with a V-shaped bottom designed to withstand blasts from roadside bombs is performing with such success in Iraq that the U.S. military is pressing a Wisconsin company and others to churn out hundreds more in the coming months.

About 200 prototypes of the Mine-Resistant Ambush-Protected vehicles have been deployed in Iraq since 2004, said Capt. Jeff Landis, spokesman for the Marine Corps Systems Command in Quantico, Va. No Marine has died while in one of the trucks, Landis said.

"This is the best vehicle available for safety and survivability," he said. "The MRAP vehicle supplies troops with the greatest protection we've had."

Force Protections Industries in Ladson, S.C., built the 200 prototypes. Within the past month, the Pentagon awarded about $210 million in contracts to Force Protections, Oshkosh Truck Corp., and three other companies in the U.S. and Canada to manufacture a total of nearly 400 more vehicles. Landis said the military hopes to receive them by the end of the year.

The key is the truck's V-shaped steel body, which flares like the hull of a boat, said Oshkosh Truck spokesman Joaquin Salas.

"The shape channels the full force of a blast up the sides of the vehicle rather than through the floor," Salas said. "It's all physics. Vehicles with that shape are extremely effective."

Since the war began, more than 3,160 U.S. service members have died in Iraq. Roadside bombs account for 70 percent of U.S. deaths and injuries in Iraq, according to Defense Department records and testimony.

The Pentagon has been criticized for supplying insufficient armor for Humvees, the standard vehicles used for transport. The military has since fitted thousands of Humvees with additional armor. But most of the surfaces on a Humvee's underside are flat, creating a large area that catches the force of land mine blasts.

The new vehicles also have tires that can be driven on even when flat.

Commanders in Iraq originally said the military would need 4,100 mine-resistant vehicles, but they raised their request to 6,738 in mid-February after seeing how well the trucks protected occupants, Landis said. Those requests are subject to approval by Congress.

In addition to Force Protections and Oshkosh, the other contractors are Protected Vehicles Inc. of North Charleston, S.C.; BAE Systems in Washington; and General Dynamics Land Systems in Ontario, Canada.

The trucks come in three categories, from the small — a 7-ton truck that holds six passengers — to the colossal — a 22 1/2-ton mammoth that carries 12 passengers. By comparison, General Motors' Hummer H3 weighs about 3 tons and a military tank around 71 tons.

Despite the new trucks' protective strength, military officials said they do not believe they will completely displace lighter, more maneuverable vehicles.

___
 
Posted by Repoman75 on :
 
****ging AUSA

http://www.weeklystandard.com/we****s/TWSFP/2007/03/****ging_ausa.asp


Excellent Read from the ****:

More promising as a Humvee replacement (not service-wide but in theater) is Force Protection's Cheetah. The Cheetah is the smallest of a family of MRAP vehicles that we've covered here before. The Cougar and Buffalo, Force Protection's larger MRAPs, have already seen extensive service in Iraq, but the Cheetah is new. Light, fast, and well armored, the Cheetah really could replace the Humvee throughout Iraq. I think its main advantage is that it's not so intimidating as some of the other models on display. That is, its presence on Iraqi roads might not scare the heck out of the average, friendly Iraqi civilian. And at roughly 12,000 pounds, it's in the same weight class as the Humvee.


The military hasn't yet ordered the Cheetah, but it's only a matter of time. And Force Protection is turning out Cougars and Buffalos as fast as they can to meet existing contracts.
 
Posted by Repoman75 on :
 
Replace all **** with b l o g ... stupid site.
 
Posted by Repoman75 on :
 
News out... AH to build Cougars. More production, more contracts to follow.

Armor Holdings, Inc. Awarded $40.7 Million Cougar Production Contract by Force Protection Industries, Inc.
Thursday March 8, 9:12 am ET


JACKSONVILLE, Fla., March 8 /PRNewswire-FirstCall/ -- Armor Holdings, Inc. (NYSE: AH - News), a leading manufacturer and distributor of military vehicles, vehicle armor systems and life safety and survivability systems serving military, law enforcement, homeland security and commercial markets, announced today the receipt of a contract from Force Protection Industries, Inc. to produce Cougar armored vehicles for delivery to the U.S. Marine Corps. The contract value is $40.7 million and includes production of vehicles and technical support. The Company advised that the award is made under an existing agreement with Force Protection that engages Armor Holdings to manufacture and assemble Cougar vehicles in support of the U.S. Marine Corps' Mine Resistant Ambush Protected (MRAP) vehicle program. Armor Holdings and Force Protection are continuing discussions for follow-on Cougar production should Force Protection receive additional U.S. Marine Corps MRAP orders. Work will be performed in 2007 by the Armor Holdings Aerospace & Defense Group at its facilities located in Sealy, Texas.

Robert Schiller, President of Armor Holdings, stated, "We are pleased to have this opportunity to work with Force Protection on such an important program for the U.S. Marine Corps. It is gratifying that our capabilities will contribute to early delivery in higher volumes of this proven vehicle, which is saving lives in the field today. We look forward to additional opportunities to work with Force Protection in support of the MRAP program."
 
Posted by Repoman75 on :
 
50K shares bought on the open in 2 orders... shorts covering.
 
Posted by Slimpickens on :
 
i have no doubt this is a good stock and will be profitable eventually but get so tired of the downward trend for no apparent reason. it still looks to me like everything is setting up perfectly but i cannot see what it is that was making the price drop.

we have financials on the way

we have an unknown # of large contracts headed our way

we now have a contract with AH

why are people selling?
 
Posted by Repoman75 on :
 
Shorts my man... short interest was up 70% last month, will be up 50% IMO this month... they will get squeezed eventually.
 
Posted by Slimpickens on :
 
thats what i like to hear. this seems like the biggest no-brainer i can find in the market right now, only time will tell.
 
Posted by cspaude on :
 
Great day so far. I'll take a few more of these.
 
Posted by Jo4321 on :
 
Lockheed Joins Armor Holdings in Bid for Marine Truck (Update2)
2007-03-08 13:51 (New York)

(Adds Armor Holdings comment in second paragraph.)

By Edmond Lococo
March 8 (Bloomberg) -- Lockheed Martin Corp., the world's largest defense company, joined Armor Holdings Inc. to bid for a
U.S. Marine Corps program to build blast-resistant trucks that may result in contracts totaling $2 billion.

Armor Holdings is pursuing the work both as lead contractor and in support of another company's offering, and plans to collaborate with Lockheed on the two initiatives, Robert
Mecredy, president of Armor's aerospace and defense business, said in an interview today. Lockheed may assist in areas including systems integration and logistics support, he said.

The teaming arrangement for the Marine's Mine Resistant Ambush Protected vehicle program, or MRAP, is the second collaboration by the two companies in five months. In October,Armor Holdings agreed to support Lockheed's bid for a program called the Joint Light Tactical Vehicle, or JLTV, which may bevalued at $15 billion to $20 billion.

``The cooperation on MRAP is a logical extension of our partnership on JLTV,'' Kathryn Hasse, Lockheed's director of tactical wheeled vehicles, said in an interview. ``There is
absolutely a need today for MRAP to protect soldiers and Marines.''

Details of the agreement are still under discussion, Mecredy and Hasse said. Both were attending a conference in Fort Lauderdale, Florida, held by the Association of the U.S. Army.

Armor Holdings, the largest maker of armor for Humvee transports used in Iraq, was among nine companies picked by the Marines in January to produce test trucks for the MRAP program.
Since then, five of the other companies also have been given awards to begin low-rate production.

Heavy Armor

Shares of Bethesda, Maryland-based Lockheed rose $1.26 to $97.80 at 1:38 p.m. in New York Stock Exchange composite trading. Jacksonville, Florida-based Armor Holdings gained 66
cents to $64.29.

For its MRAP bid, Armor Holdings is offering a variant of the Family of Medium Tactical Vehicles, which the company
already supplies to the Army, Mecredy said. Armor also works as a subcontractor to the largest maker of the MRAP vehicles, Force Protection Inc.

Today, Armor announced it received a $40.7 million contract from Force Protection to help build Cougar armored vehicles for
the MRAP program.


``My wish is that Lockheed would work with us on all of our MRAP opportunities,'' Mecredy said. ``If we require logistics support, we want Lockheed to do that.''

The vehicles have a V-shaped hull, raised chassis and heavy armor, making them effective against current threats in Iraq
such as mines and improvised explosive devices, Hasse said.

Interim Program

At the conference, Assistant Secretary of the Army Claude Bolton said the MRAP will be an ``interim program'' to meet current demand while the Joint Light Tactical vehicle is developed.

Over the next 12 months a ``minimum'' of 1,185 MRAP vehicles will be purchased, and combined demand from the Army and Marines may push total demand to 4,000 to 6,600 vehicles,
Bolton said.

Over the longer term, the Army and Marine Corps likely will use the JLTV program rather than the MRAP to completely replace
the fleet of more than 120,000 Humvee transports now used in Iraq, Hasse said.

``The MRAP is not a Humvee replacement,'' she said. ``MRAP is all about protection and very little else. It gives up transportability and mobility.''

The MRAP, for example, is too large and heavy for airlift by helicopter, Hasse said. At more than 35,000 pounds, the MRAP weighs more than twice as much as the JLTV's target of 16,000
pounds.

Test Trucks

Lockheed today unveiled a model of its JLTV offering, which it developed using its own money, Hasse said. She declined to say how much has been invested. The company plans to have an
operational prototype of the JLTV by September, Hasse said.

Several companies received eight-month awards in August and September to build mock-ups of the JLTV, including Falls Church, Virginia-based General Dynamics Corp.; Oshkosh Truck Corp., based in Oshkosh, Wisconsin, and London-based BAE Systems Plc. Full details on the competition are expected later this year.

Many of the contestants on the two truck programs are the same. The nine award recipients for MRAP test trucks in January also included General Dynamics, BAE and Oshkosh Truck.

Other companies developing MRAP test trucks include Protected Vehicles Inc., in North Charleston, South Carolina; Force Protection Inc. in Ladson, South Carolina; Textron Inc. in
Providence, Rhode Island; General Purpose Vehicles LLC in New Haven, Michigan; and International Military and Government LLC,
in Warrenville, Illinois.

Lockheed, the maker of Hellfire missiles and the F-22 Raptor stealth fighter jet, set up its military truck business in September
2004. It won its first vehicle-production contract -- a $30 millionaward for as many as 120 artillery tow trucks -- last April.
 
Posted by Repoman75 on :
 
Lockheed is going to build the Cheetah and win the JLTV with FRPT. Mark this post.

GD / AH - Cougars
FRPT / Ultra - Buffaloes
LMT - Cheetahs

SPAR supplies them all.
 
Posted by Slimpickens on :
 
i have been looking into SPAR but i wonder if it is too late. but that is the same thing i was wondering a month ago
 
Posted by portman on :
 
quote:
Originally posted by Repoman75:
Lockheed is going to build the Cheetah and win the JLTV with FRPT. Mark this post.

GD / AH - Cougars
FRPT / Ultra - Buffaloes
LMT - Cheetahs

SPAR supplies them all.

You know what they say about the prettiest girl at the dance. [Smile]
 
Posted by Jo4321 on :
 
Portman, have you been reading the DBCI CEO's PR's??
http://www.allstocks.com/stockmessageboard/ubb/ultimatebb.php/ubb/get_topic/f/8/ t/026576.html
 
Posted by portman on :
 
lol Jo... that is funny! I had not read that but I will follow now.

Our girl here is the prettiest...and we are still sober. [Wink]

This one has been good for flipping and I still like it long. My risk is mostly mitigated here after that last run.
 
Posted by Repoman75 on :
 
News out on the 19 Buffalo.

U.S. Marine Corps Orders Additional Armored Vehicles from Force Protection
Friday March 9, 8:45 am ET


LADSON, S.C.--(BUSINESS WIRE)--Force Protection, Inc. (NASDAQ:FRPT - News) today announced that it has received a delivery order from the U.S. Marine Corps for an additional 19 Buffalo mine-protected vehicles worth an estimated $16.2 million.

Under a November 2006 contract award administered by the Marine Corps Systems Command, Force Protection expects to deliver the 19 Buffalo vehicles by December 2007.

"We are pleased and honored to continue to meet the needs of the war fighter," said Force Protection COO Raymond Pollard. "We are also pleased to note that while extensive ramp-up efforts move forward on the production of the Cougar vehicle series, our Buffalo line remains a vibrant and crucial component of our manufacturing efforts."

The Buffalo was initially deployed in the war on terror in 2003, being used to detect and remove thousands of suspected explosive threats by military engineers who credit the vehicle with saving lives. The Buffalo's unmatched performance for troop safety and sustainability in the field has also made it the sole source vehicle for the Marine's Mine Resistant Ambush Protected vehicle program Category III requirement.
 
Posted by Jo4321 on :
 
I'm glad they decided to PR that.

Next up, the 180 Buffalo contract from the Army!

Jo
 
Posted by Jo4321 on :
 
I was too scared to buy more in the $14.00's, but sure wish I had!

Back to greenland for us! $16.70 in premarket. I hope it sticks.

Jo
 
Posted by Repoman75 on :
 
I did buy some on margin last week at $16, IMMEDIATELY went into a call because the requirement was 70%, and then sold for $16.40... very risky.
 
Posted by Jo4321 on :
 
I forgot about a GTC order I had for only 100 shares at $15.70, and it filled last week during the big drop.

I feel better about it now, but who knows with this stock. It is so unpredictable lately.

Jo
What a morning, I've got two gappers, FRPT and JSDA
 
Posted by Slimpickens on :
 
in the 16.90's people are scared they will get left out, as well they should be.
 
Posted by Slimpickens on :
 
back in the 17's lets hold it
 
Posted by Jo4321 on :
 
"No Protests" Great news!

JO

Army says Buffalo award coming in June or July after pre-solicitation on sole
Force Protection May Win $144 Million U.S. Army Truck Award
2007-03-09 14:04 (New York)


By Edmond Lococo
March 9 (Bloomberg) -- Force Protection Inc., the biggest
maker of blast-resistant trucks for the U.S. Marine Corps, may
win a U.S. Army order to make vehicles used to clear roadways of
mines and explosives in Iraq valued at about $144 million.
The Army on Feb. 16 issued a notice of its plan to buy 180
of Force Protection's Buffalo trucks, without a competition, and
allowed protests of the decision to be filed until March 5. The
deadline to protest the uncontested award passed this week
without response from potential competitors, Army spokesman Don
Jarosz said in an interview today.
The Army plans on awarding the contract in June or July,
Jarosz said. The Buffalo is the largest of three types of mine-
protected trucks used by the Army and Marines, and features a 30-
foot robotic arm with iron claw to clear explosives. Assistant
Secretary of the Army Claude Bolton said yesterday the two
services may buy 4,000 to 6,600 mine-protected vehicles.
``There is no competitor out there for the Buffalo
currently, so it makes sense they would get this sole-source
award,'' said Alan Albrecht, an individual investor who said he
holds about 400,000 shares of Force Protection among his private
investments. ``Production is ramping up quickly.''
The Buffalo costs about $800,000 per vehicle, Force
Protection Vice President Michael Aldrich said. At that price, a
purchase of 180 trucks would be worth about $144 million.
The purchases would add to the approximately 100 Buffalo
trucks already ordered by the Army, and would follow a $16.3
million Marine Corps order for 19 of the vehicles on March 6,
Aldrich said.

Cougar in Competition

``They put out a pre-solicitation notice when they intend
to make a sole-source award so that anyone who wishes to protest
can do so,'' Aldrich said in an interview today.
``We have not received any protests,'' Jarosz said.
Force Protection based in Ladson, South Carolina also is
competing for awards to build the smaller mine-protected trucks
with its Cougar vehicle. The Buffalo and Cougar have already
logged more than two million hours of heavy combat operations
and withstood more than 2,000 explosive attacks since they were
first deployed in 2003, the company has said.
Shares of Force Protection rose 35 cents to $16.50 at 1:21
p.m. New York time in Nasdaq Stock Market composite trading.
They have surged eightfold in the past year.
 
Posted by Slimpickens on :
 
oooohhhh yeeeaaaaaaaaaa
 
Posted by Slimpickens on :
 
march, april, may, june, july= $30+
 
Posted by Jo4321 on :
 
But watch here. People who wanted instant gains will not wait til June.
 
Posted by Jo4321 on :
 
Funny coincidence. Right now, both my gappers are at $17.10

(FRPT and JSDA)
 
Posted by Stefan on :
 
quote:
Originally posted by Slimpickens:
i have been looking into SPAR but i wonder if it is too late. but that is the same thing i was wondering a month ago

What's good for FRPT is good for SPAR, especially if they get that big contract that everybody is talking about. Regardless of that, I'll be a buyer on a blue skies breakout over 24.75.
 
Posted by Jo4321 on :
 
www.streetinvesting.com: Force Protection Inc. Sparks Interest
08:47 a.m. 03/12/2007 Provided by


Mar 12, 2007 (M2 PRESSWIRE via COMTEX) -- Please visit www.Streetinvesting.com for the full report.

Wall Street closed with mixed results Friday, showing more stability after its recent drop yet still exhibiting signs of a nervous sentiment. Although an upbeat report on employment was able to soothe the nerves of some, others remained jittery about a jump in wholesale inventories and additional evidence of subprime mortgage problems. Despite the week's varied performance, shareholders of Force Protection Inc. (FRPT) were able to see success Friday, experiencing a 6.19% up-tick accompanied by a trading volume of approximately 1,576,875.

Recently, our experienced team of researchers has been placing an increased focus on various companies throughout the American Markets. Force Protection Inc. was one of the prospective companies which we have chosen to bring to your attention.

In some of the most recent news to surface surrounding Force Protection Inc, which we feel may have had an effect on the day's success in the marketplace, as well as an ongoing effect on shareholder outcome, Force Protection Inc. announced that it has received a delivery order from the U.S. Marine Corps for an additional 19 Buffalo mine-protected vehicles worth an estimated $16.2 million.

Force Protection Inc. manufactures ballistic- and mine-protected vehicles through its wholly owned subsidiary. To continue with the full report, more information and research please go to www.streetinvesting.com

Please visit www.streetinvesting.com for a complimentary subscription to access this issuance and other related in-depth articles. Please note that membership does not require credit card information nor does it require a commitment to our service.

We have initiated this news release as a tool to keep investors informed about the market. The information contained herein comes from an unbiased perspective and we do not have a vested interest in the companies mentioned in this release. Becoming a member to www.streetinvesting.com will give you access to all the on-going information and investment news that we come across.

Investors wishing to seek a different approach to their investment theories and concepts and to be informed of unique investment opportunities should also visit www.streetinvesting.com for a free membership.

About Street Investing

Streetinvesting.com has now become a leading online financial newsletter community with thousands of investors from around the world. Our goal is to bring our theories and techniques to investors seeking a different and unique approach to investment ideas. We have a research team that has been built upon the premise of finding companies that we feel may interest investors looking for that unique and tactical edge. More information can be found on our website at www.streetinvesting.com
 
Posted by Jo4321 on :
 
News!!

quote:
Press Release Source: Force Protection, Inc.

Force Protection Expands Research and Development Facilities
Monday March 12, 9:12 am ET

LADSON, S.C.--(BUSINESS WIRE)--Force Protection, Inc. (NASDAQ:FRPT - News) today announced it has purchased the Research and Developmental Testing Facility of NEWTEC Services Group, Inc. Force Protection's ownership became effective March 9, 2007.

ADVERTISEMENT
The leading armored vehicle manufacturer will use the facilities located near Edgefield, SC to expand its research and development activities and support the verification and quality control validation of Force Protection's armored vehicles used to protect military personnel against explosive threats.

"These assets will be extremely valuable to our ongoing R&D efforts," said Force Protection CEO Gordon McGilton. "Force Protection's commitment to producing the world's most advanced blast- and ballistic-protected vehicles is directly affected by our ability to continually improve upon the life-saving vehicle designs that have performed so well in the field. These new facilities will help strengthen this ability."

Force Protection's Buffalo and Cougar vehicles have been deployed in Iraq and Afghanistan since 2003 and have an unmatched record for troop safety after logging more than two million hours of heavy combat operations.

The company also recently introduced the Cheetah, a lighter weight blast-protected vehicle series designed for missions that require greater mobility in urban environments. Force Protection will conduct testing for all of its vehicle lines at this new facility.






 
Posted by Jo4321 on :
 
Force Protection Faces Pricing Push

Sigh. Another Melissa Davis Article. This one at least is much more balanced, although she still seems to be in love with any other company that is not FRPT. Also, inaccurate closing price.

Read it here instead of there. Keep it out of the street's top 10! Jo
quote:


Force Protection faces Pricing push
3.12.2007

By Melissa Davis
Force Protection (FRPT) still faces plenty of threats

Fans view Force Protection as something of a superpower in the fight for billions of dollars worth of business available under the U.S. military's Mine-Resistant Ambush-Protected vehicle program.


To its credit, Force Protection boasts proven vehicles and an important partnership with heavyweight defense contractor General Dynamics (GD) . It has secured the biggest MRAP awards so far.


But competition for the lucrative contracts is fierce. Some watchers worry that the company won't win as many contracts as backers expect -- and that demand for skilled workers in the fast-expanding blast-resistant vehicle business could hit profits by driving Force Protection's costs up.


For its part, Force Protection remains confident.


"Americans love to work for a good cause," Force Protection Vice President Mike Aldrich told TheStreet.com last week. "We've always been able to find the right people with the right talents and skills to work with us at our South Carolina facilities. We expect that to continue."


But Force Protection operates in the same region of South Carolina as Protected Vehicles, an upstart recently launched by one of its own founders. Force Protection has been hiring hundreds of workers as it races to meet strong demand for its products. But Protected Vehicles is tapping that same market for workers of its own.


To help attract workers, Protected Vehicles has forged relationships with government agencies -- and even resurrected a military welding school -- in preparation for its big hiring spree. The company believes it can meet its escalating labor requirements.


"As far as competing for labor, we offer a pretty good package" of wages and benefits, says Drew Felty, program manager for Protected Vehicles. "We have not had any (hiring) issues to date. We don't anticipate any issues" either.


Some worry about Force Protection instead. Specifically, they fear that the company will face rising labor costs -- and a corresponding hit to its margins -- even if it does manage to woo all of the workers it needs.


They foresee another threat to Force Protection's financial performance as well. Notably, with Protected Vehicles partner Oshkosh (OSK) now selling its vehicles for just $300,000 apiece, they wonder if Force Protection can keep on charging far more.


Force Protection has been securing about $500,000 for its own vehicles. The company calls its current prices "competitive" but suggests that operational improvements could lower its costs and prices.


Yet some sense mounting pressures right now.


"The Oshkosh contract ... will put significant pricing pressure on the other competitors and squeeze their already thin margins," one investor with no position in the stock wrote in a recent email to TheStreet.com. The U.S. military "will use this as a stick to beat down the pricing walls."


For now Force Protection faces no competition -- or resulting pricing pressure -- in one area at least. It alone produces a vehicle, known as the Buffalo, which meets the qualifications set forth under Category III of the MRAP program.


But even this situation could change. Importantly, Protected Vehicles says it is currently developing a next-generation vehicle that could fall into the Category III classification down the road.


"Competition is always a possibility when you have a good product that is working well," Aldrich concedes. But "our selection as the [Ground Standoff Minefield Detection System] centerpiece vehicle for the Army's route clearance operations and the MRAP sole-source Cat III award are certainly gratifying because they essentially 'win' the U.S. market for the next four to five years."


Outside that category, however, some experts see other companies fielding new orders very soon. Notably, four of the nine vendors supplying the military with test MRAP vehicles have yet to land bigger contracts.


Thus, some experts see changes on the way. Ultimately, they feel that Force Protection could wind up sharing big chunks of MRAP with multiple competitors in the end.


"We believe the military will select at least two more vendors -- if not all four of the remaining vendors -- in order to meet the urgent requirements from Iraq by the end of April," Stanford analyst Josephine Millward wrote last week. "Final production awards will likely be evenly distributed and based on production capacity, in our view."


Millward currently has no rating on Force Protection or other companies in the group. Force Protection, a former penny stock, enjoyed a huge rally that ended as the shares approached $25 back in January. But the stock has come under intense selling pressure since that time. Shares rose 39 cents Friday to $16.54.


Aldrich views the plunge as a "typical, temporary correction for a stock that rose very rapidly" in the fourth quarter of last year. He blames some short-term profit taking for the decline as well. But he personally feels confident about the future of the company.


"Force Protection's objective is, and always has been, to build a long-term growth business," Aldrich says. "To do that, we're focused on doing what we do best: producing the highest-quality troop-protection vehicles in the world to keep our soldiers safe from harm."



 
Posted by cspaude on :
 
She's a paid basher for sure. When she says something negative she has no specific source. It's always "some people fear...", "some say that...". It's what she wants you to fear. But, hey, apparently she's done her job well.
 
Posted by Jo4321 on :
 
Yeah, the article is filled with "some" and "they". Who are "they", Melissa?

I especially like this gem:

"The Oshkosh contract ... will put significant pricing pressure on the other competitors and squeeze their already thin margins," one investor with no position in the stock wrote in a recent email to TheStreet.com. The U.S. military "will use this as a stick to beat down the pricing walls."


ha, ha, now she is quoting anonymous message board posters, I guess.
 
Posted by Jo4321 on :
 
Contract for Buffalo accessories.

http://www1.fbo.gov/spg/USA/USAMC/DAAD13/Awards/W911SR%2D07%2DP%2D0022Ln0001.htm l
 
Posted by RichBy26 on :
 
British Buying Additional Armored Vehicles from Force Protection, Inc.


LADSON, S.C.--(BUSINESS WIRE)--

Force Protection, Inc. (NASDAQ:FRPT) today announced that it recently received a contract modification from the British Ministry of Defence for 22 additional Cougar Mastiff Protected Patrol Vehicles (Mastiff PPV). The order will bring the total number of vehicles produced for the British government to 108 at an approximate value of $70.1 million.

Under the contract awarded in August 2006, Force Protection expects to deliver the vehicles by the end of June 2007.

"Force Protection has worked hard to get its lifesaving armored vehicles to U.S. armed forces and their allies throughout the world," said Force Protection CEO Gordon McGilton. "We are gratified by this contract modification which is indicative of the vital role these vehicles play in increasing troop safety, and are pleased to provide these vehicles to the British military."

The Mastiff PPV is based on Force Protection's Cougar Explosive Ordnance Disposal (EOD) vehicle, which has been deployed with combat engineers and first response teams in Iraq and Afghanistan for more than three years. The first deliveries of the Mastiff PPV were shipped ahead of schedule in November 2006.

For more information, go to www.forceprotection.net.
 
Posted by TimW on :
 
Hehe yep.. bad assumption on thesteeets part that FRPT depends on just these contracts comin up.. Got global buyers that love em not just our own boys.

They cant hold it back forever.
 
Posted by Jo4321 on :
 
Article by Bob Woodruff:

http://abcnews.go.com/WNT/story?id=2950795&page=1

Remember that tonight on World News Tonight, he will be doing a story on MRAP's with mention of Force Protection.

I'm a bit worried that they will skew the article to make it sound like FPI can't handle the orders that they are going to get.

JUST ONCE, how bout a totally positive article about this company!

Jo
 
Posted by RichBy26 on :
 
wierd trading day for FRPT, but at least we finished green:)
 
Posted by Jo4321 on :
 
Just watched the story on ABC news. Video here:

http://abcnews.go.com/WNT/story?id=2950487&page=1

It was good. Featured interviews inside the factory. Showed footage of a blast test. Interviewed soldiers who said they "never want to ride in a humvee again".

They mentioned the name "Force Protection" several times, as well as had the name transposed on the screen.

Jo
 
Posted by cspaude on :
 
I thought it was pretty good. Sounded like more in-depth coverage later tonight.
 
Posted by Jo4321 on :
 
The Nightline story was awesome. It was more detailed, more pro-FRPT, got the story out there that these vehicles are here and have been. Clearly put the blame for the delay on DOD, and not on industry.

(also, FPI's name mentioned numerous times, printed on the screen numerous times. Entire story about FRPT and no other manufacturer shared the limelight.)

I stated to transcribe it, but I doubt that I will finish. They'll probably post it after the west coast airing. Anyway here's a teaser:

quote:
This 400,000 square foot converted jet engine plant, just west of Charleston, SC is now ground zero in the battle against deadly IED’s. Once a tiny start- up company with about a dozen employees, Force Protection Incorporated is now 800 strong and living up to its name.

(soldier in truck driving says) “I myself, if they would let me, would drive this thing over a landmine right now just to test it out, I feel that comfortable in these vehicles.

Their blast resistant vehicles, the Cougar and the bomb clearing Buffalo, have become the gold standard in protection against the weapon of choice in Iraq. (picture of vehicle hitting an IED)

(General Brogan): Those vehicles have performed exceedingly well in the theatre, so we’re doing everything we can in the govt and I’ve impressed upon industry to how important it is for them to do their part, to ramp up and rapidly produce these vehicles.

(Bob Woodruff talking with welder): Is it getting more busy here?

(welder) Oh, it’s getting QUITE busy here!”

Many of the highly skilled welders, like Carrie Revenell, here used to train there torches on submarines, but the needs of the war machine have changed and now these craftsmen are working at breakneck speed to build these armored vehicles so desparately needed in Iraq.

(welder) We’re building these trucks right here and we are bringing a lot of people home.

The first Cougars off these production lines were delivered to the Marine Corps in Fallujah in late 2004.

(Aldrich, with MIKE ALDRICH, VP, FORCE PROTECTION, INC. printed on the screen) You may remember in November there was a major operation to retake that city. As soon as we got those first vehicles to the Marine Corps engineers, my email lit up with email from Army engineers saying, “How come the marines have a better vehicle than we do?”

The success of these vehicles in Iraq, these are some that took hits from IED’s (pictures shown) is due to a fundamental change in thinking and design.



 
Posted by Jo4321 on :
 
Here's the link to the video. Can't get much better than this!

http://abcnews.go.com/Video/playerIndex?id=2952787

(It's listed under the title "Safer Soldiers".

Jo
 
Posted by portman on :
 
More importantly...I heard about the Nightline piece from someone not following this stock...telling me to buy it...lol.
 
Posted by Jo4321 on :
 
Wow! Now that's what I'm talkin' about!

Jo
 
Posted by Jo4321 on :
 
EARNINGS OUT .32 eps!

http://secfilings.nasdaq.com/filingFrameset.asp?FileName=0001104659%2D07%2D02012 2%2Etxt&FilePath=%5C2007%5C03%5C16%5C&CoName=FORCE+PROTECTION+INC&FormType=10%2D K&RcvdDate=3%2F16%2F2007&pdf=
 
Posted by RichBy26 on :
 
Yep, I was just about to post it Jo:) Great 10K, we should move nicely on monday!!!!
 
Posted by Jo4321 on :
 
Heck with Monday. Look at after hours!
 
Posted by RichBy26 on :
 
I saw!!
 
Posted by Jo4321 on :
 
Sadly, I sold some today at $15.80 as a hedge. I just couldn't take it anymore! LOL.

I know weak, weak hands.

Do you have any in your contest portfolio at CNBC?

Jo
 
Posted by RichBy26 on :
 
Maybe [Razz]
 
Posted by TimW on :
 
Up $2.20 after hours.. jeebees!

make that $2.30..

Thestreeet.com is crying a river now.. lets see what crud they spew out of their mouths now.. haha..
 
Posted by Jo4321 on :
 
LOL Richby26. Don't worry, there ain't much chance of me catching up to you. But I did have a lot of it in my CNBC portfolio too.

Jo
 
Posted by RichBy26 on :
 
good choice!
 
Posted by Jo4321 on :
 
Press Release Source: Force Protection, Inc.


Force Protection Reports Record Results in 2006
Friday March 16, 6:59 pm ET


LADSON, S.C., March 16 /PRNewswire-FirstCall/ -- Force Protection, Inc. (Nasdaq: FRPT - News) -- the leading protective vehicle manufacturer, today announced results for the fourth quarter and year ended December 31, 2006.
ADVERTISEMENT


For the year ended December 31, 2006, the Company's net sales totaled $196.0 million. Net income was $18.2 million or $0.39 per diluted share.

In the fourth quarter of 2006, the Company's net sales totaled $62.9 million. Net income was $17.0 million or $0.32 per diluted share during the fourth quarter of 2006.

Gordon McGilton, Chief Executive Officer of Force Protection, said, "2006 has been a milestone year in the history of Force Protection. It is the first year of profitability and a year of tremendous growth. With the completion of a $152.75 million equity offering, the appointment of several independent Board members, and the NASDAQ Stock Market listing, the Company is able to handle the rapid expansion and accommodate the continuing demand of our vehicles. We continue to focus on expediting deliveries through the efficient use of our production facilities and the collaboration of other defense industry leaders with whom we have partnered. Our mission is to produce vehicles that protect and save lives and we are committed to ensuring that those vehicles are available to protect our troops in a timely manner."

Conference Call information:

Force Protection will host a conference call to discuss results for the fourth quarter and year ended December 31, 2006 on Wednesday, March 21 at 11:00 am EDT. The call can be heard live by dialing 800-257-1836 (domestic) or 303-262-2211 (international), or via the Internet at http://www.forceprotection.net. For those who cannot listen to the live broadcast, the audio replay will be available until Tuesday, March 27th by dialing 800-405-2236 (domestic) or 303-590-3000 (international) and entering the replay passcode of 11086707.

Force Protection's 10-K can be accessed by clicking on: http://www.forceprotection.net/investors/sec.html

About Force Protection Industries
 
Posted by Jo4321 on :
 
http://www.charleston.net/assets/webPages/departmental/news/default_pf.aspx?NEWS ID=135083

March 17, 2007

Demand for armored vehicles quadruples local company's sales

By Michael Buettner
The Post and Courier

Force Protection Inc.'s sales nearly quadrupled in 2006, and the Ladson company posted its first full-year profit ever, as demand for its armored vehicles soared amid the continuing strife in Iraq and Afghanistan.

In its annual report filed Friday with the Securities and Exchange Commission, Force Protection also released its restatement of earnings for 2004 and 2005, which the company previously said needed to be adjusted because of past accounting errors, including how it calculated the value of stock given to executives as compensation.

Force Protection said it earned $18.2 million in 2006, or 39 cents a share, on sales of $196 million. Those results compare with restated losses of $13.5 million, or 42 cents a share, in 2005 and $12 million, or 62 cents a share, in 2004.

Previously, the company reported a 2005 loss of $16.6 million, or 49 cents a share, and a 2004 loss of $10.2 million, or 53 cents a share. Sales in 2005 and 2004, which were not affected by the restatement, totaled $49.7 million and $10.3 million, respectively.

The 2006 sales total was up 294 percent from the year before, "a result of strong demand for blast protected vehicles, increased ability to meet this demand and acceptance of our vehicles by customers," the company said in its SEC filing.

Other measures also showed strong growth during the year. Total assets jumped almost sevenfold to $274 million from $39.8 million at the end of 2005, while cash and equivalents skyrocketed from just $1.2 million at year-end 2005 to $156.3 million at the end of 2006.

Force Protection filed its SEC report after the close of the market Friday. In trading on the Nasdaq before the report, the company's shares lost 31 cents, or 1.9 percent, to close at $15.96.

Earlier in the week, Force Protection said it received a follow-up order from the British military for 22 of its Mastiff vehicles, which are modified versions of the company's Cougar blast-protected truck. The order will raise Force Protection's Mastiff production to 108 vehicles with a value of about $70.1 million.

Also, the company disclosed Thursday that it paid $5.5 million for a research and development facility in Edgefield it bought from Newtec Services Group Inc., a munitions maker and consulting company.

Reach Michael Buettner at 937-5553 or mbuettner*postandcourier.com.


This article was printed via the web on 3/17/2007 8:54:04 AM . This article
appeared in The Post and Courier and updated online at Charleston.net on Saturday, March 17, 2007
 
Posted by Jo4321 on :
 
Nasdaq.......... FRPT Stock to Watch
http://www.nasdaq.com//aspxcontent/newsstory.aspx?selected=FRPT&symbol=FRPT&symb ol=HSOA&symbol=PWAC
&symbol=VDSI&textpath=20070319%5CACQRTT200703190713RTTRADERUSEQUITY%5F0218%2Ehtm &cdtime=03%2F19%2F2007+7%3A13AM

Force Protection Posts Q4 EPS Of $0.32 - Stock To Watch


(RTTNews) - Friday after the closing bell, Force Protection Inc. (FRPT) reported its fourth quarter of 2006 net income of $17.0 million or $0.32 per share. In the fourth quarter of 2006, the company's net sales totaled $62.9 million. Analysts expected EPS of $0.06 on revenues of $61.12 million.

FRPT closed Friday's regular trading at $15.96, down 31 cents or 1.91%. However, in the extended session, the stock gained $1.54 or 9.65%, and was at $17.50.
 
Posted by Jo4321 on :
 
Video about Buffalo on Discovery Channel

http://www.forceprotection.net/news/video.html?video=discovery

Conference call tommorrow.
 
Posted by TimW on :
 
Old video :-/
 
Posted by Jo4321 on :
 
Unbelieveable! Yet another Melissa article.

Force Protection (FRPT - Cramer's Take - Stockpickr - Rating) sure takes care of its own.
Just look at the company's payouts to CEO Gordon McGilton. At the beginning of 2006, the defense contractor issued McGilton 300,000 shares when Force Protection was trading at 72 cents a share. That stock, which vested immediately, now fetches around $17 a share, making it worth more than $5 million.

Paul Meeks, a fund manager in Force Protection's home base of South Carolina, calls the stock grant "a bit odd" and, given some unevenness in the company's generally impressive 2006 financial performance, wonders if McGilton really deserves it.

"Usually, stock grants like that vest over a period of years," Meeks says. "This was not even an option grant. It was basically a check."

Force Protection didn't comment. McGilton's regular paychecks, totaling about $350,000 annually, look almost modest in comparison. But his leadership training firm, known as APT, helps out.

With McGilton in charge, APT keeps securing more and more business from Force Protection. In 2004, before McGilton joined the company, Force Protection paid APT just $21,000 for its services. That bill jumped to $225,000 in 2005 and then rocketed to $600,000 in 2006 -- McGilton's first full year at the helm.

Meanwhile, 2007 could prove even more lucrative for McGilton. During a three-day stretch this January, McGilton sold 1 million shares for nearly $20 million. He now has just 11,560 shares left.

Based on McGilton's public comments, however, Force Protection's future has never looked brighter. Just last week, in fact, McGilton was bragging about Force Protection's record 2006 results and hinting at even better days ahead.
To be fair, Force Protection made some major progress in 2006 and ended the year with a bang. Impressively, Force Protection beat revenue targets and toppled profit estimates for the fourth quarter.

But roughly two-thirds of the company's quarterly profits came from a deferred tax benefit rather than from regular operations. Moreover, the company continues to burn through cash whether it reports a profit or not.

Force Protection blamed last year's negative cash flow, in part, on rising accounts receivable (A/R). Meeks, for one, is concerned.

"Look at the difference between 2005 and 2006," Meeks says. "Sales were up 294% -- but A/R was up 882%. Ideally, you would want A/R to grow at the same rate as sales or even at a lesser rate. But their A/R just exploded."

Indeed, Meeks notes, Force Protection weathered a huge surge in A/R even as it factored some $44.7 million worth of receivables. Thus, he says, A/R could have looked even worse than it did.

Force Protection should see improvements elsewhere, however.

Back in November of 2005, an investment fund issued Force Protection $7.5 million worth of promissory notes carrying an interest rate of 24%. Three months later, a fund operated by Force Protection Chairman Frank Kavanaugh got a piece of that action by taking over $2.5 million worth of those high-interest notes for itself.


Kavanaugh's fund would go on to collect $50,000 in bonus payments for extending the maturity date on those notes by just a month or two at a time. The company paid Kavanaugh's fund off in full less than six months after it entered the picture.
"Mr. Kavanaugh's relationship to (the fund) was fully disclosed to the company," Force Protection assured in its recent 10-K filing. "And Mr. Kavanaugh did not participate in the negotiations or decision process" that brought his fund into the game.

Of course, Kavanaugh has scored even bigger returns by selling Force Protection stock. During the final quarter of 2006, Kavanaugh executed a series of stock sales that generated more than $20 million in proceeds.

This year could bring a new threat to Force Protection's bottom line. Notably, Protected Vehicles -- a competitor run by two Force Protection alums -- has partnered with heavyweight truck maker Oshkosh (OSK - Cramer's Take - Stockpickr - Rating) to sell cheap vehicles under the Mine-Resistant Ambush-Protected military vehicle program.

Specifically, analysts note, Oshkosh is selling so-called Category I vehicles for $300,000 apiece, while Force Protection is still seeking nearly $450,000 for Category I vehicles of its own.

"We continue to believe MRAP production will be split between two or maybe three teams, with FRPT's team and BAE Systems as the primary suppliers," SunTrust Robinson Humphrey analyst Chris Donaghey wrote on Monday. But "if Oshkosh Truck's Alpha (made by Protected Vehicles) passes testing ... it, too, may see larger production contracts -- if only for the aggressive pricing."

Donaghey, like most mainstream analysts, is bullish about Force Protection's prospects nonetheless. He has a buy rating and a $31 price target on the company's stock. His firm has investment banking ties to the company.
Not so long ago, with the stock above $20 a share, Meeks felt that investors should sell Force Protection short in anticipation of a decline instead. His call proved correct. But with the share price now lower -- and contract awards looming -- Meeks has since backed away from that call despite his ongoing concerns about the company.

"It's not 'shortable' right now," says Meeks, who has no position in the stock himself. To its credit, "the company is showing some improvement in gross margins, and its operating expense as a percentage of sales is getting a little better.

"But sooner or later, they have to show cash flow. The bottom line is: Does this company generate cash?"
 
Posted by cspaude on :
 
Wow, digging up old bones is about all she did. What's her deal? She slants everything. Does thestreet disclose what stocks she holds?
It didn't surprise me at all to see another negative article from her. Positive news gives birth to a bashing article from her within a week.
 
Posted by cspaude on :
 
In my humble but accurate opinion [Smile] , today is a good day to buy. The stock usually takes a minor hit from Melissa's slander and then continues on.
 
Posted by Jo4321 on :
 
Looks like you may be right about that.
 
Posted by portman on :
 
quote:
Originally posted by cspaude:
In my humble but accurate opinion [Smile] , today is a good day to buy. The stock usually takes a minor hit from Melissa's slander and then continues on.

Libel
 
Posted by cspaude on :
 
Well, maybe she spoke it to a transcriptionist who then typed it up. haha
 
Posted by glassman on :
 
quote:
Originally posted by cspaude:
Well, maybe she spoke it to a transcriptionist who then typed it up. haha

LOL, best one-liner comeback i've heard in a long long time... [Wink]
 
Posted by Stefan on :
 
Force Protection, Inc. Plans to Significantly Expand Vehicle Production Levels by Year End 2007
Thursday March 22, 6:47 pm ET

LADSON, S.C.--(BUSINESS WIRE)--Force Protection, Inc. (NASDAQ:FRPT - News) updated investors yesterday on its production expansion and developments as the company concluded its strongest year-end performance to date.

ADVERTISEMENT
[AD]
Force Protection COO Ray Pollard noted that, based on receipt of vehicle contracts, the company is on target to reach per-month vehicle production levels of more than 400 vehicles per month by the end of 2007, compared to 50 vehicles per month at the end of 2006. Through Force Dynamics--Force Protection's joint venture with General Dynamics Land Systems, a business unit of General Dynamics Corporation (NYSE:GD - News)--this projected capacity will represent the highest capability available among armored vehicle manufacturers.

"We have had a tremendous track record in 2006 with over 300 vehicles thus far produced and in the field," said Pollard. "Our total award opportunities as of December 31, 2006 were in excess of 900 vehicles, of which we have delivered 380 vehicles. In December 2006, we signed a joint venture with General Dynamics which we hope will further allow us to meet the needs and execute the contracts of the MRAP program."

Force Protection further noted an aggressive 2007 manufacturing and expansion plan that will increase production space by more than 60 percent. The plan includes the start-up of its recently purchased blast and ballistic test range in Edgefield, SC, a 60,000 square foot facility for research and development, the continued construction of a 90,500 square foot warehouse at its current site, and plans to lease an additional 120,000 square foot production facility at an alternate location in the state of South Carolina to accommodate production of its newest vehicle series, Cheetah.

Pollard added, "With these 2007 initiatives underway, Force Protection expects vehicle production levels to increase to 200 per month by the end of summer, and to more than 400 per month under the combined effort of the company and its partners by the end of the year.

"Our year-end production capacity should enable us to effectively satisfy MRAP vehicle requirements," said Pollard. Force Dynamics has been awarded 329 out of the 595 MRAP vehicle contracts thus far awarded.

The audio replay of Force Protection's 2006 earnings conference call is available by dialing 800-405-2236 (U.S. domestic) or 303-590-3000 (international) and entering the replay pass code 11086707.

A Web cast replay is also available on the Company's Web site at www.forceprotection.net.
 
Posted by TimW on :
 
Sweet. There goes the production fears.
 
Posted by Jo4321 on :
 
FPI in USA Today
Blast-resistant vehicles slated for Iraq


By Tom Vanden Brook, USA TODAY
CHARLESTON, S.C. — The Pentagon is scrambling to build and ship armored vehicles to Iraq that are four times more resistant to bomb blasts than a Humvee, military officials say.
The military wants 6,700 armored vehicles with V-shaped hulls that deflect the blasts from the top killer of U.S. troops — homemade bombs, or improvised explosive devices (IEDs). Marine Corps Assistant Commandant Robert Magnus recently told Congress the Marines want at least 3,700 of the vehicles, while the Army wants 2,500 by year's end. Other services would get them as well.

The vehicles could cut the rate of U.S. casualties by two-thirds, Magnus said.

That's why "the Army needs to change course immediately" and buy more of the vehicles, said Rep. Gene Taylor, a Mississippi Democrat and member of the House Armed Services Committee. "To not do it is a scandal. It will lead to needless loss of life."

IEDs cause 70% of all U.S. casualties in Iraq, Pentagon records show. IED blasts killed six U.S. troops during the past week.

The Army may order more of the vehicles, but it doesn't intend for them to replace its 16,000 armored Humvees in Iraq, Brig. Gen. Charles Anderson said. The new vehicles are too heavy and hard to maneuver in urban areas such as Baghdad, said Anderson, the Army's director of force development.

"The Humvee is still a viable option in the theater," he said. The Army is committed to add-on armor kits for the Humvees, which cost almost $29,000 apiece. Each of the new vehicles costs at least $700,000, according to Army budget documents.

Taylor's not convinced: "I don't want to go to the funeral for the soldier or Marine who happens to be the last one in a Humvee over there who dies needlessly."

Humvees ride closer to the ground and have flat, less protected bottoms. That makes them vulnerable to buried bombs.

"You can up-armor a Humvee, but you'll never get the protection right," said Vernon Joynt, chief scientist at Force Protection, which builds the new vehicles. "They may get the sides protected. Not the bottom."

The vehicles aren't bomb-proof. They've been breached by a new type of IED called the explosively formed projectile, which fires a high-speed chunk of metal that can penetrate armor. Capt. Jeff Landis, a Marine spokesman, said no Marines have died in a mine-protected vehicle. But such an attack killed three soldiers in a Force Protection vehicle in December, company Vice President Mike Aldrich said.

Armor has been added to the outside of the vehicles that makes them resistant to most projectiles, Joynt said.

Rush to build

To meet the growing demand for the mine-protected vehicles, the Pentagon has contracted with nine companies, including Force Protection and Protected Vehicles, both in Charleston, S.C.

Four years ago, a dozen people worked on Force Protection's small assembly line making an armored truck. Today, 850 workers on two shifts churn out the vehicles, some of which are flown from a nearby Air Force base directly to a battlefield in Iraq. Down the road at Protected Vehicles, which didn't exist two years ago, 235 workers make similar vehicles.

So far, there isn't enough money to buy them. The military is $4.45 billion short of the $7 billion needed for the vehicles, Landis said. The Pentagon will try to make up the shortfall with emergency funding and by shifting money from other programs, Landis said.

Last week, the House Appropriations Committee approved spending $1.4 billion — $311 million more than the White House sought — for the vehicles.

Force Protection has had some growing pains. Last year, it agreed to pay $1.9 million to the federal government and two former employees to settle a complaint brought by the workers. Force Protection's latest annual report showed it made its first profit in 2006. There's also an ongoing audit by the Pentagon's inspector general into the company's ability to deliver on the contract, records show.

Pentagon planners consider the mine-protected vehicle a bridge to the ultimate Humvee replacement, the Joint Light Tactical Vehicle. The Pentagon recently challenged corporate leaders to develop the vehicle. It would need to protect troops from IEDs and be easily transportable unlike the heavier mine-protected vehicles, Landis said.

The Pentagon plans to request proposals for the joint vehicle as soon as next month and award the contract for the vehicle next year, Maj. Gen. Jeffrey Sorenson said. Production is scheduled for 2012, but the Army will push to get it sooner, he said.

Why wait? asked James Livingston, a retired Marine general who's a consultant for Protected Vehicles. The Pentagon is wasting time looking for the perfect replacement for the Humvee, he said.

"Let's get something in the field that works," said Livingston, who received the Medal of Honor for heroism in Vietnam.

Economic boon

For communities such as Charleston, the military's urgent need is an opportunity. A Navy base and shipyard closed in 1995, and 22,000 military and civilian jobs vanished. Protective Vehicles and Force Protection anticipate hiring more workers. Force Protection makes about 70 vehicles per month but could increase its output to 400 if it receives large enough contracts.

The starting wage for a welder at Force Protection is $16.50. Tim Scott, Charleston County Council chairman, said those wages can be particularly important for young African-American men who have an 18% unemployment rate.

"You can save a family with wages like that," Scott said.

Workers say the job has more than financial rewards.

"It makes you proud to be part of something that's saving lives," welder Carrie Reavenell said. "We're building something that works."
 
Posted by Jo4321 on :
 
Force Protection on Discovery Channel - tonight

http://newwars.********.com/2007/03/force-protection-on-discovery-channel.html


Monday, March 26, 2007
Force Protection on Discovery Channel
From their company email:

Force Protection Industries, Inc.'s armored vehicles will be featured tonight during Discovery Channel's Future Weapons program. The segment, entitled "Immediate Action," will premier at 9 PM E/P. To watch a preview, please click on the headline below.
 
Posted by Jo4321 on :
 
fORBES ARTICLE IN APRIL 9TH ISSUE


Financial Columnists
When to Take a Shot
Jim Oberweis 04.09.07



Prudence and diligence are held up as virtues for investors. If you bought Enron without reading all the footnotes, you have only yourself to blame. While that sounds good, there is often a high price to pay for waiting for every last detail. Time can be very costly, and making money is hard when situations are clear to everyone. The better course: Process what information is available a little faster than others, even without complete certainty, and then act.

On a practical level, this means we are often better served by quick analysis that is 80% right than by slow analysis that is 95% right. Of course, eventually we need to go back to understand the details. However, it should not be a precondition for action. Stock prices reflect what everybody thinks, and we try to bet on realities that differ from those assumptions.

Suppose all investors waited for all the facts before trading. If we were right 80% of the time and moved before the hesitant crowd, we would without question come out ahead. In reality, not everybody does wait, but enough people are slow enough that there is often a time lag between the release of corporate information and its full reflection in stock prices.

This is especially true for small companies, which often are not followed by analysts and get little or no news coverage. If you shoot out of the blocks with a small company, you likely will get it cheap before others discover the bargain. And occasionally a bargain can be had when some bad news arises that may mask the underlying favorable long-term picture.

Institutions like pension and mutual funds cannot react quickly because their orders are so big that they move the stock price on the basis of their size. Also, to move up the corporate ladder professional investors take great pains to have all the details in order before acting. Analysts are punished more for being wrong than they are rewarded for being right. Thus, they tend to be slow and not to deviate too far from peers.

Oceaneering International (39, OII) makes remote-controlled submarines that oil producers use to repair and maintain oil drilling platforms in the deep sea. On Aug. 25, 2005 Hurricane Katrina hit. Those who know the company well would conclude that Oceaneering was in a good spot to get lots of work cleaning up the damage. But the day after the hurricane, Oceaneering's shares traded down 1%, in line with those of many oil companies. The market took a while to digest the effects of a hurricane on this oil services company, then the stock reversed direction. Since then it has nearly doubled.

Note that the Katrina cleanup is still in progress, so demand for Oceaneering's vessels has stayed strong. It would have obviously been better to buy in 2005, but at 17 times trailing earnings this remains a good stock to buy now.

More recently a couple of very good companies have suffered some ill fortune that has hurt their stock price--temporarily. To me they look like good buys. Admittedly, these are high-growth companies with above-average risks.

Force Protection (16, FRPT) has a good wind behind it. On May 3, 2006 this little-known armored vehicle manufacturer reported that the Pentagon had awarded it a $50 million contract. The following day the stock rose 5.1% to $2.47. The award marked the beginning of a huge run. In the following week shares gained an additional 63% as the magnitude of the opportunity became clear. Today Force Protection is partnering with defense industry titan General Dynamics for a big program with the Marines.

But the stock is off its January high of $21, giving you an opportunity to buy it cheaper than before. The company's former chief technology officer started a competing firm down the street. Force Protection, which is just coming out of the red, has had to restate its 2005 financials. It was slated to report its fourth-quarter 2006 performance after our press time. Regardless, Force Protection still has enough business to propel itself into the black.

Also, you can take advantage of the recent shakeout in China via a Shanghai advertising firm called Focus Media (73, FMCN). It fell 15% from its high, in good company with many Chinese equities. Focus Media operates a network of flat-panel TVs that play ads. The displays are located in elevator lobbies of office buildings and hotels in Beijing and Shanghai, with excellent access to China's newly rich.

This stock, which can be bought as an American Depositary Receipt, changes hands for a pricey 47 times earnings. Still, its growth rate more than offsets this--revenue and earnings tripled in 2006. With the Beijing Olympics next year, business will be even better.

Jim Oberweis is president of Oberweis Asset Management and editor of the Oberweis Report. For more information visit www.forbes.com/oberweis.
 
Posted by Mortimer on :
 
8k

http://secfilings.nasdaq.com/filingFrameset.asp?FileName=0001104659%2D07%2D02319 2%2Etxt&FilePath=%5C2007%5C03%5C28%5C&CoName=FORCE+PROTECTION+INC&FormType=8%2DK &RcvdDate=3%2F28%2F2007&pdf=

I think you could build something pretty big on 24acres of land.
 
Posted by TimW on :
 
Last Trade: 18.62
Trade Time: 4:00PM ET
Change: 1.49 (8.70%)

-

Not too shabby.. going to be another manuf. plant most likely ?
 
Posted by cspaude on :
 
I love days like this.
 
Posted by Jo4321 on :
 
Mama said there'd be days like this.

[Smile]

I think this had a lot to do with the momentum: http://biden.senate.gov/newsroom/details.cfm?id=271568

Jo
 
Posted by cspaude on :
 
I'm putting money on another M. Davis article within 5 business days.
 
Posted by Jo4321 on :
 
OH HUSH about M. Davis!

FRPT on the Spade Index as of today:

http://finance.yahoo.com/q/cp?s=%5EDXS
 
Posted by Jo4321 on :
 
AP
Mine-Resistant Vehicle Co. Expanding
Friday March 30, 5:48 pm ET
By Jim Davenport, Associated Press Writer
Mine-Resistant Vehicle Company Expanding Operations
http://biz.yahoo.com/ap/070330/sc_mine_resistant_vehicles.html?.v=1

COLUMBIA, S.C. (AP) -- A South Carolina company that makes mine-resistant military vehicles expects to win more work from the Pentagon and is buying land to expand research and training.
Force Protection Inc., which makes the vehicles along with Virginia-based General Dynamics Corp., told shareholders in a Securities and Exchange Commission filing this week that it is spending $4.1 million to buy land, buildings and equipment about 30 miles northeast of Charleston for research, development and training.

"We see an enormous need to do our own independent testing," Force Protection spokesman Mike Aldrich said Friday. "To do that, we have to move to a secure site off of the manufacturing plant."

At the same time, he said, the company needs to train technicians to put into the field to help maintain the equipment.

The company also is expecting a surge in vehicle production. On Thursday, the U.S. Senate approved a $1.5 billion proposal to accelerate production of mine-resistant and ambush-protected vehicles.

That plan would cut six months from a production schedule, essentially providing 2,500 vehicles to the military faster.

However, the proposal is tied to a bill calling for a troop withdrawal from Iraq, which President Bush has threatened to veto. Senate and House Democrats lack the votes needed to override a veto.

Force Protection Inc. already planned to increase production sharply to 400 vehicles a month.

"We've shown the government a plan to get well over 400 a month," Aldrich said.

By the end of May, the company will concentrate solely on making the mine-resistant and ambush-protected vehicles the Pentagon wants.

"Getting the MRAP into Al Anbar province is my number one unfilled war-fighting requirement at this time," Gen. James Conway, the Marine Corps. commandant, wrote in a memo earlier this month to Marine Corps Gen. Peter Pace, chairman of the Joint Chiefs of Staff.

The letter was provided by U.S. Sen. Joe Biden's office.

The Delaware Democrat pushed the provision to speed up vehicle production and it easily passed. Biden said the vehicles help prevent deaths and injuries, and the legislation should be passed separately.

"We've got to get these things built," Biden said Friday. "It's a matter of life and death. These things work."
 
Posted by Jo4321 on :
 
http://www.nationaldefensemagazine.org/issues/2007/April/Surgeinvehicle.htm
 
Posted by Stefan on :
 
Force Protection Industries, Inc.*, Ladson, S.C., is being awarded $6,896,896 for firm-fixed-priced modification to existing delivery order #0002 under previously awarded contract (M67854-07-D-5031) for Mine Resistant Ambush Protected (MRAP) Low Rate Initial Production vehicle sustainment Integrated Logistic Support. The sustainment ILS will consist of 90 day consumables, forward deployment blocks, maintenance workshop blocks, field service representatives, operator and maintenance training, and contract data requirements lists. Work will be performed in Ladson, S.C., and work is expected to be completed by April 2008. Contract funds in the amount of $6,896,896 will expire at the end of the current fiscal year. This contract was competitively procured. The Marine Corps Systems Command, Quantico, Va., is the contracting activity.
 
Posted by Jo4321 on :
 
Force Protection Likely To See More Upside Following Conference Presentation
http://biz.yahoo.com/seekingalpha/070404/31493_id.html?.v=1


SeekingAlpha
Force Protection Likely To See More Upside Following Conference Presentation
Wednesday April 4, 5:36 am ET

Ant & Sons submits: In early January, we highlighted shares of Force Protection Inc. (NasdaqCM: FRPT), a protective vehicle manufacturer after the company made the move from the Over the Counter Bulletin Board to being listed on the NASDAQ Stock Market. The key ingredient to making such a move was the company's success story, benefiting from nearly four years of combat operations in Iraq and Afghanistan. The highlight of Force Protection's rise from obscurity came late last year when the company was awarded a $214 million from the Marine Corps Systems Command for approximately 280 mine-protected clearance vehicles.

Moving along in time, Force Protection reported fourth quarter and fiscal year results in March that included some impressive numbers. For the year ended 2006, the company's net sales totaled $196.0 million. Net income was $18.2 million or $0.39 per diluted share. In the fourth quarter alone, the company's net sales totaled $62.9 million, with net income of $17.0 million or $0.32 per diluted share during the fourth quarter of 2006. To ensure continued growth, the company recently announced it would increase its production level to more than 400 vehicles per month by the end of 2007, compared to the 50 vehicles per month that were being produced at the end of 2006. Force Protection also has invested in a building to keep up with its research and laboratory testing of its armored vehicle technology.

Although Force Protection shares have already seen a dramatic increase in price, the company could likely get a major boost ahead of its presentation at the SunTrust Robinson Humphrey 36th Annual Institutional Conference on April 10. Being a recent addition to the NASDAQ Capital Market, the company is likely still trying to attract larger institutions and further analyst coverage. If the presentation is positive, it would especially not be surprising to see an update from analysts at Sun Trust Robinson Humphrey who initiated Force Protection shares with a "buy" rating earlier this year, or others who could initiate coverage and spur additional demand for the stock.
 
Posted by cspaude on :
 
Well, Cramer had a whole segment about Spartan Motors and how their big product was supplying for the Cougar, and we all know who makes that. He talked about how much money it's going to bring SPAR but ain't it odd that he barely mentions FRPT. Matter of fact, I'll have to read the transcripts cause I didn't hear him mention it at all.
 
Posted by Jo4321 on :
 
Looks like this got it moving in afterhours.

DoD Armored Vehicle Plan Expands, Aims At Short-Term Needs

Last update: 4/5/2007 7:00:16 PM

By Rebecca Christie
Of DOW JONES NEWSWIRES
WASHINGTON (Dow Jones)--The Defense Department's new armored vehicle program has nearly doubled in size but is still aimed at short-term combat needs, U.S. Marine Corps officials said Thursday. Over the next 18 months, the Marines and the Army want to buy 7,774 Mine-Resistant Ambush-Protected vehicles, which they expect will cost $8.4 billion.

The Marines have the lead on the acquisition program, which previously had estimated a 4,000-vehicle, one-year effort. Funding looks certain, said Brig. Gen. Michael Brogan, head of Marine Corps Systems Command. He said Sen. Joseph Biden, D-Del., has already submitted amendments to Pentagon budget legislation, augmenting existing plans to fund the MRAP program as needed.

"Given that amount of money, I won't have financial restrictions on how fast we can produce the vehicles," Brogan said. "I will need industry to deliver on the promises."

The Marines will buy vehicles from any company that can meet their blastproof standards, Brogan said. Already, many companies are on contract to provide test vehicles, and some have received extra orders based on existing information. Big contracts will come soon, once the evaluations wrap up.

Long-term maintenance isn't a big worry, Brogan said. In the short run, the Marines plan to hire contractors for maintenance and spare parts. If the vehicles stay in the arsenal, the Marines will work with the contractors to keep spare parts and trained mechanics on hand. Brogan said the vehicles share many common components, such as engines and suspensions. "Fundamentally, these are trucks," Brogan said. The MRAP vehicles could have a life span of up to 10 years if they survive their deployment, Brogan said. That means they'll phase out as the Pentagon's next-generation all-purpose vehicle phases in, Brogan said. That next project is called the Joint Light Tactical Vehicle; a contractor has not yet been selected.

Companies with MRAP contracts so far include General Dynamics Corp. (GD), Force Protection Inc. (FRPT), Armor Holdings Inc. (AH), Textron Inc. (TXT), BAE Systems PLC (BAESY), Oshkosh Truck Corp. (OSK), Protected Vehicles Inc., Navistar International Corp.'s (NAVZ) International Military and Government LLC, and General Purpose Vehicles LLC.

The MRAP program will face more oversight as it expands. Defense Department Under Secretary Kenneth Krieg, the Pentagon's chief weapons buyer, is preparing to convert MRAP into the top tier of acquisition programs, invoking additional senior supervision.

Force Protection Boosts Capacity
Capacity has been one of the biggest limitations on the MRAP program. U.S. industry had little capacity for churning out heavily armored vehicles because it was considered a "boutique" item, Brogan said.

One company making the sought-after vehicles has turned to outsourcing and new joint ventures to boost capacity. South Carolina-based Force Protection has new agreements with General Dynamics Corp. and Armor Holdings Inc. to help the company increase its production.

Force Protection is the sole provider in the MRAP category three, with its heavily armored Buffalo mine clearer. It also has contracts for the smaller Cougar models in categories one and two, along with the other MRAP contenders. The Buffalo costs around $850,000 per copy. The Cougar has a sticker price of around $500,000 each, depending on configuration. Since its Buffalo and Cougar entered the Pentagon inventory, Force Protection has struggled to keep up with demand. Defense Department officials have said their capacity limitations was one of the motivations for launching the broad-based MRAP effort.

With the joint ventures, Force Protection will get the engineering and manufacturing support it needs to dramatically boost output, said Mike Aldrich, Force Protection's vice president for marketing and government relations. "For the past year, we have been focused on proving to the government that we've settled down our production lines, that we can deliver on time or ahead of schedule, that we can produce more vehicles next month than we had the month before," Aldrich said in a telephone interview. Force Protection made 300 vehicles in all of 2006. It began 2007 with a 700-vehicle backlog, and Aldrich said the company expects it will be able to keep up with the year's demand. He declined to provide updated forecasts, saying the Defense Department had asked the company to be more reserved in its production comments so that enemy insurgents wouldn't know exactly how many new vehicles had made it to Iraq and Afghanistan.

Force Protection investors have had a dramatic ride over the past year. The company's stock rose steadily in the fourth quarter of 2006, but it has dropped sharply in the first months of 2007. It's been trading recently around $19, off its recent high of $22.95 on Jan. 18. In addition to all the new business, the company also has survived a management split that saw one of its founders leave to start Protected Vehicles, a new competitor. Aldrich said Force Protection, which recently gained a NASDAQ listing, aims to provide steadier returns in the future. "Overall, what we are trying to build is a growth stock that is value-based," Aldrich said. "We believe that the value of protecting and saving lives is very significant." -By Rebecca Christie, Dow Jones Newswires; 202-862-9243; rebecca.christie*dowjones.com (END) Dow Jones NewswiresApril 05, 2007 19:00 ET (23
 
Posted by Jo4321 on :
 
The publicity is really rocking lately:
 -
President George Bush gathers with soldiers at a buffalo, an IED clearing device at Fort Irwin in Barstow on Wednesday. Bush watched demonstrations of latest anti-IED technology for fighting the war in Iraq.

More of the article here: http://www.desertdispatch.com/onset?db=desertdispatch&id=306&template=article.ht ml
 
Posted by Jo4321 on :
 
http://www.defensenewsstand.com/newsstand_latest.asp

NAVAL OFFICIALS CONFIDENT NEW MRAP PROGRAM WILL STAY ON TRACK

Date: April 9, 2007

Naval officials are predicting a program to rapidly buy thousands of Mine Resistant Ambush Protected vehicles for troops in Iraq will not face cost and schedule woes like those plaguing the Littoral Combat Ship effort.

Navy Secretary Donald Winter said he expects the MRAP program will stay on track.

“It is probably one of the most watched programs we have in the department, particularly with regard to the schedule aspects of that program,” Winter told reporters at the Navy League’s annual conference last week. “And we’ve got some pretty good flexibility there. I’m actually very optimistic with that program.”

Army weapons testers in Aberdeen, MD, are evaluating candidate MRAP vehicles produced by multiple contractors. After tests wrap up in the near future recommendations will be made to Navy acquisition czar Dolores Etter for official delivery of the vehicles, said Brig. Gen. Michael Brogan, head of Marine Corps Systems Command.

Brogan said he has “become more confident over time” that the MRAP program -- which could include more than 7,000 vehicles worth more than $8 billion -- will not face cost overruns or delays.

He cited the recent delivery of extra MRAP vehicles by Force Protection Industries of Ladson, SC, which has a sole-source contract with the Marine Corps for up to 282 MRAP vehicles. Force Protection Industries delivered 19 vehicles in March, two more than required, Brogan said.

“That’s only two more, but it’s two out of 17, that if we can continue that sort of ramp and acceleration, then I believe we can do it,” Brogan told reporters at the conference.

The services want 7,774 MRAP vehicles, a number that has grown several times, Brogan said. Not all of the desired 7,774 vehicles would be produced and sent overseas this year, Brogan said.

At the same event, Etter said the MRAP contract was written so there are incentives for contractors to be ahead of schedule.

“So using incentives that drive the right behavior is very important here,” Etter told reporters.

Etter acknowledged there are challenges with speedy acquisition programs, but said the MRAP effort is different that the LCS shipbuilding program that is under scrutiny for cost overruns.

The MRAP program has more “transparency” than the LCS effort, she said.

“I think if you put speed and transparency together then I think we understand what the challenges are and then we’re better able to better address them,” Etter said. “That was one of the problems with LCS. We did not have the transparency in to the program.”

Etter said she holds “MRAP synchronization” meetings on Fridays with various parties to ensure the program stays on track, including after the vehicles get out of the production facility and before they are sent to Iraq.

Vice Adm. Paul Sullivan, commander of Naval Sea Systems Command, said a littoral warship is more technologically complicated than a MRAP vehicle.

“It’s an armored truck with a good communication system,” Sullivan told reporters at the Navy League’s conference. “The technical risk is lower, so you can go faster and still need to asses risk and put the proper mechanisms in place to assess that.”

Rear Adm. Michael Bachmann, commander of Space and Naval Warfare Systems Command, said he believes appropriate risk mitigation steps are being taken with the MRAP process.

“Speed can be achieved at the same time if you make sure you put the mechanisms in place to minimize or completely eliminate your risk, and I see that in this program,” Bachmann told reporters at the conference.

Of the desired 7,774 MRAP vehicles, most would go to the Marine Corps (3,700) and Army (2,500). The Navy wants 544, Air Force is requesting 697 and U.S. Special Operations Command wants 333 MRAP vehicles, InsideDefense.com recently reported.

The Marine Corps launched an unusual procurement process for the MRAP vehicles last year, because no one company could deliver the number of vehicles needed in a short period of time, Brogan said. Officials issued a sole-source contract to Force Protection Industries while also kicking off a competitive process last November. Nine contractors were awarded indefinite-duration-and-indefinite-quantity contracts by the Marine Corps in January and were to send four MRAP vehicles each to Aberdeen by last month, Brogan said. Yet at least four contractors did not send the vehicles by the March 27 deadline, InsideDefense.com reported.

Brogan said the Marine Corps has delivery orders with five companies and has approximately 639 vehicles on contract. He said the results of the current MRAP tests will help determine if the production schedule laid out by the contractors can be met.

The Office of the Secretary of Defense is reviewing a request to designate the MRAP effort an acquisition category-1D, a designation for big-ticket programs overseen by the OSD. The MRAP effort now is an acquisition category-2 program under the Navy’s purview.

The companies awarded contracts in January are BAE Systems, Ground Systems Division, of Santa Clara, CA; Oshkosh Truck Corp. of Oshkosh, WI; Protected Vehicles of North Charleston, SC; General Dynamics Land Systems-Canada Corp. based in Ontario; Force Protection Industries of Ladson, SC; Armor Holdings of Sealy, TX; Textron Marine and Land Systems in New Orleans, LA; General Purpose Vehicles of New Haven, MI; and International Military and Government of Warrenville, IL.

Some of the funding for the MRAP program is spelled out in supplemental appropriation bills passed by the House and Senate that each also include a timetable on the war in Iraq. President Bush has vowed to veto any final version of that bill that includes the timetable language.

Andrew Feickert, a specialist in national defense at the Congressional Research Service, said there appears to be strong support for the MRAP program in Congress. He said he is not aware of any major budgetary or productions constraints. Versions of the MRAP vehicle have been used in combat and thus it is a “known quantity,” he said.

“So the resources appear to be there as does the ability to produce them,” Feickert said. -- Emelie Rutherford
 
Posted by cspaude on :
 
quote:
Originally posted by cspaude:
I'm putting money on another M. Davis article within 5 business days.

Glad to see I was wrong. It's good to see these slower daily climbs. Keeps FRPT under the radar. Any rumor on announcement of the big contracts?
 
Posted by Mortimer on :
 
Anyone listen to the Suntrust presentation yet? I'm too busy with other stuff right now to listen through it.
 
Posted by Jo4321 on :
 
I haven't listened yet, but from what they are saying at IV, it sounded good! I think this dip is temporary and we are ready to take off.

Here's a post from fromany2k over on IV:
quote:

Presentation Summary

Think we did get some really good pieces of information here:

• COO, CFO, Public Relations: Presenting
• Current production: 100/month
• Stock outstanding: 67 million
• Warrant and options: Under 900,000
• First mover advantage and proven technology
• Increase in foreign military demand
• Blast range purchase: Replicate new technologies used by the enemy and test against vehicles.
• Relationships:
• GD – True joint venture (non populated). Split requests between the two companies. Joint Marketing. Have an office in Virginia next to pentagon.
• AH: Dedicated to MRAP. Integration and automotive.
• Spartan: Contracts only. Good relationship. Replicated Spartan lines in AH as well as in the Ladson plant. Able to work without Spartan eventually.
• BAE: Tacom deal for ILAV. FRPT and BAE split production only. No revenues for field support or spares goes to BAE.
• 3 classes of vehicles
• Buffalo – first developed vehicle
• Cougar – Many variants. MRAP variant production is being ramped up. Orders for MRAP should come in last Q2.

• Cheetah – Currently in 2nd generation. 24 of them. Complete validation and move into production in late summer. No current contracts. Expect to receive contracts for JLTV and MRAP Cat I. Also receiving foreign military interest. Additional production capacity should be available for late summer. CAT I buyer has requested production capacity for this vehicle. Intention to put Cheetah into production immediately after verification and validation has been completed that systems in the vehicle work. MMPV solicitation 3rd or 4th week of April. Gets all the attention as the Cheetah is a replacement for the Humvee. “This vehicle will meet this requirement head on.” Did extremely well in the rodeo. This vehicle can handle many applications. Believe that initial production will be 200 vehicles per month, which FPRT expects to be purchased. Expect to ramp up to 400 vehicles for month, with demand still exceeding that supply.

• Mastiff: Additional orders expected.
• ILAV: Additional orders expected.
• Buffalos: Sole sourced. More contracts expected.
• Missed employee numbers (?????)
• 82,000 sq. ft. warehouse for received, distribution and storage of materials. Will store spares. Will free up production space. Should be completed in June.
• Bought 60,000 sq. ft. facility in Summerville for R&D. Space currently used for R&D will be added to production of Buffalos.
• “The darn things work”
• Will be applying for additional patents.
• Expected 2007 revenue: Should easily reach $600-700 million.
• Did not need the strategic alliances for reputation of those companies. Not technology and not capacity (don’t believe that FRPT did not need their capacity).
• Anything FRPT can do to get their vehicles into the hands into the soldiers hands, they will do it, without being stupid.
• Sale of the company: Will not do anything stupid.
• MRAP competition: Supply base saw a spike. Do not know what the real demand is. There is a 6 month lag between the order and the delivery. FRPT has placed orders for the long lag material items. FRPT has had to fight for supply of materials. With GD, who has a mature materials organizations, FRPT is able to obtain better performance terms and pricing, especially for high price tag items. Meeting with GD today in Ladson to go through risk items and remove some of the waste in their purchases.
• IP: What FRPT has and if the government will take the design? FRPT has not asked for developmental monies. Therefore, FRPT owns all of its own technology. As long as FRPT continues to increase its capacity, they do not expect the government to take their technology. The IP portfolio that FRPT owns is defendable. The IP from South Africa has not historically been patented. IP portfolio is growing.
• Question regarding expectations given Iraq war: Pollard does not have concern with an ending war. He believes this conflict will continue. He believes orders will continue whether or not troops are recalled from Iraq. At minimum, Pollard believes vehicles will need to be replaced if troops return from Iraq. JLTV platform will go on whether or not Iraq war ends. Of the 5 categories, the 3 FRPT product offerings meet the requirements very well.
• First vehicles to testing by roughly 5 weeks. The vehicles have already passed the testing. Pollard have not heard good reports about the other vehicles. FRPT will not be deterred by what the other vehicles do. FRPT believes the military needs vehicles with Common (missed the rest – COTS). Brogan has increased requirements significantly. FRPT can not meet 7,700 vehicles by the end of the year.
• Logistics: About Spartan. It is probably not bad to have the military leader have his home state in the same state as Spartan. As a percentage, Spartan will not handle 100% of services they offer. AH is better because vehicles can be sold right out of Sealy, TX. Spartan does have another facility in the Carolinas in discussions for dedicated FRPT production




 
Posted by Jo4321 on :
 
Great close at $20.31. I guess the conference was well recieved. I look for more of the same over the next few days as analysts process the information.

Jo
 
Posted by Jo4321 on :
 
http://bigcapitaladvisors.b*l*ogspot.com/2007/04/frpts-suntrust-presentation.htm l

B-lo-g with info about the presentation (take out the " * ")
 
Posted by cspaude on :
 
Upgraded by thesteet.com no less. Another up day!
 
Posted by Slimpickens on :
 
Force Protection (FRPT - Cramer's Take - Stockpickr - Rating) has been upgraded to a hold from a sell. The company makes blast-protected vehicles that have been used to support U.S. military forces in Iraq, Afghanistan and other locations around the globe. Force Protection's revenues jumped 287.3% in the fourth quarter of fiscal 2006 compared with the same quarter a year earlier.

This growth appears to have trickled down to the bottom line. The company earned 32 cents per share in this latest quarter after losing 23 cents per share in the third quarter of fiscal 2005. FRPT had been rated a sell since January 2007.
 
Posted by Slimpickens on :
 
this one has been all over the place today, we should get a strong close.
 
Posted by Jo4321 on :
 
From Zippy over on IV. Thomas Weisel initiates coverage with $26-29 target
-------------------------------------------

OVERWEIGHT Initiating Coverage with an Overweight Rating

Initiating Coverage

Key Data FY 2006 2007 2008

52-Week Range: $1-$24 EPS

Market Cap. (mn): $1,428.2 Q1 ($0.02)A $0.16E NE

Shares Out. (mn): 68.5 Q2 $0.03A $0.17E NE

Avg. Daily Vol.: 1,487,492 Q3 $0.01A $0.16E NE

Fiscal Year-End: 31-Dec Q4 $0.32A $0.21E NE

Dividend (Ind. Annual): NA Year $0.39A $0.70E $1.30E

Yield: NA P/E 53.21x 29.93x 16.09x

Debt/Total Capital: NM Rev. (mn)

Price/TTM Sales: 7.3x Q1 $34.8A $129.6E NE

Net Cash/Share: $2.28 Q2 $56.1A $153.2E NE

Book Value/Share: $3.18 Q3 $42.2A $174.1E NE

Price/Book Value: 6.6x Q4 $63.0A $193.1E NE

3-5 Year EPS Growth: 20% Year $196.0A $650.0E $1303.4E

Price Target: NA TEV/Sales 6.5x 2.0x 1.0x

• Mine-resistant vehicle market is real and has staying power: Fundamental to our positive

investment opinion is a belief that the market for mine-resistant vehicles will be much more than

MRAP and will develop into a sizeable and permanent sub-segment of the broader military vehicle

market. The DoD recognizes that the asymmetric warfare on display in Iraq and Afghanistan will

become increasingly common in the post-Cold War world.

• FRPT’s early market leadership can be defended: To the untrained eye, competitive vehicles

are difficult to distinguish, but few were specifically designed for IED survivability and none are as

widely deployed as the Force Protection vehicles. The customer goodwill and established support

infrastructure will be difficult for competitors to replicate. Also, the company invested its own

R&D dollars and, therefore, maintains full control of its design.

• Anticipating 50%-plus share of a 7,700 vehicle MRAP buy: We believe that the initial 7,700

vehicle MRAP requirement will be delivered by mid-2009 and that the FRPT/GD joint venture will

account for more than 50% of the deliveries. Our model assumes in-house production increases

from 287 vehicles in 2006 to 2,400 in 2008.

• Potential upside to the numbers: Our estimates assume production rates well below

management’s stated goals. Given that appropriators are pushing to buy the maximum number of

MRAPs that the industry is able to produce, we see potential upside to our numbers depending on

the timing of funding and the company’s ability to ramp production.



Stock appears attractively valued at current levels: FRPT trades at a 2008E P/E of 16.1x and

EV/EBITDA of 9.1x. Although bears will argue that MRAP-boosted 2008 earnings are unsustainable

and should be discounted, we believe that the MRAP is likely to grow and that the company is well

positioned for JLTV and other future opportunities as well as being an acquisition candidate. We are

comfortable with a 20-22x earnings multiple for a current fair value of $26-29 per share.

Force Protection vehicles have established a high bar against which upcoming U.S. competitions

will be judged. This goes beyond the potential $8bn market for Mine-Resistant Ambush-

Protected (MRAP) Vehicles that is set to ramp up in 2H07 to include service-specific vehicles

for the Army and Marine Corps in the medium term (another $1.5-3.25bn) to the longer-term

Joint Light Tactical Vehicle (JLTV) competition, the replacement for the current HMMWV

fleet, which is a multi-decade contract with a potential value in excess of $20bn. We also expect

international demand to fuel further growth as allied nations incorporate lessons learned from

Iraq into their deployment strategies.

Upcoming Tactical Vehicle Competitions

Potential Potential Estimated

Size Value Service Award Production Run

MRAP Cat I Joint/ MC lead

MRAP Cat II Joint/ MC lead

MMPV 600-2,500 $1.0-2.5bn Army 3Q07 Accelerated deliveries

MPC 600 $500-750mn Marine Corps 2012 TBD

JLTV 50,000+ $10-20bn+ Joint/ Army lead 2010 Decades long program

2Q07 1-2 year delivery frame 7,700+ $8bn+

Commercial Terms Pricing Could Yield Significant Margin Expansion

...9.2% and 10.4% operating margins we have modeled for 2007E and 2008E, respectively.

Attractive Acquisition Candidate in a Market Set for Consolidation

As Force Protection continues to capture a larger share of contract awards, we believe that it

will become an increasingly attractive acquisition candidate in this new and fragmented corner

of the military vehicle market. With MRAP here now and JLTV looming on the horizon, almost

any U.S. manufacturer that is capable of building an armored truck has taken an interest in the

market. Because not all players are prepared to go it alone (some have the technology and lack

production capacity while others have production capacity but lack military vehicle expertise),

however, the players have begun to work together in a myriad of different ways. We believe as

MRAP contracts are awarded, consolidation will begin to take place around those who win an

appreciable share—setting the stage for consolidation before JLTV teams are finalized.

VALUATION

We assess the company’s valuation based on comparable company analysis and discounted cash

flow analysis. The comparable company analysis implies a current fair value range of $25 to $29

and the discounted cash flow analysis implies a current fair value range of $26 to $29. We rate

FRPT shares Overweight.

Our 2008 EPS estimate of $1.30 is based on what we believe is a conservative win rate on the

MRAP program and a production rate well below the targeted capacity. As a result of our

outlook, we believe that an appropriate 2008E P/E multiple range is 20x to 22x ($26 to $29 per

share) and that an appropriate 2008E EV/EBITDA multiple range is 11x to 13x ($25 to $29 per

share).

FRPT is trading at 16.1x our 2008 EPS estimate and 9.1x our 2008 EV/EBITDA estimate,

which we consider to be an attractive valuation.
 
Posted by Lockman on :
 
http://stockcharts.com/h-sc/ui?s=FRPT&p=D&b=5&g=0&id=p19036125429

correction soon?
 
Posted by cspaude on :
 
quote:
Originally posted by Lockman:
http://stockcharts.com/h-sc/ui?s=FRPT&p=D&b=5&g=0&id=p19036125429

correction soon?

Looks like you called it. It was due sooner or later IMO on a technical basis, but it should continue the climb through yesterday's high in the near future. It may even continue back towards the open today. My bet is that we'll see a 2.2% drop EOD. Any takers? haha
 
Posted by Jo4321 on :
 
My stop at $20.00 got hit while I was at work [Frown]

Jo
 
Posted by cspaude on :
 
OMG, 2.27% down. I'm scaring myself.
 
Posted by Jo4321 on :
 
New vehicles protect Marines in 300 attacks

By Tom Vanden Brook, USA TODAY 4/18/2007

In more than 300 attacks since last year, no Marines have died while riding in new fortified armored vehicles the Pentagon hopes to rush to Iraq in greater numbers this year, a top Marine commander in Anbar province said.
Brig. Gen. John Allen, deputy commander of coalition forces in Anbar province, said the Marines have tracked attacks on the vehicles since January 2006. The vehicles' raised, V-shaped hulls deflect the force of blasts from homemade bombs buried in roadways.

There's been an average of less than one injured Marine per attack on the vehicles, Allen said. There have been 1,100 attacks on coalition vehicles during the period in Anbar province, the heart of the Sunni Muslim insurgency.

Attacks on other vehicles caused more than two casualties per attack, including deaths, Allen said.

The Marines provided statistics for injuries involving the new vehicles, but they did not release the number of deaths involving Humvees. The Marines do not release causes of death because they do not want to give the enemy combat intelligence.

Pentagon casualty records show that of the 60 combat deaths this month in Iraq, 35 troops have been killed by homemade bombs, which the Pentagon calls improvised explosive devices (IEDs). None was a Marine. At least 16 of the dead were riding in Humvees, according to records and published reports.

IEDs are responsible for 70% of U.S. casualties in Iraq, Pentagon records show.

The Marines operate about 100 of the Mine Resistant Ambush Protected vehicles and want an additional 3,000 MRAPs in Anbar province. Marine Corps Commandant James Conway told the Joint Chiefs of Staff last month that he wants to require every Marine traveling outside bases to ride in the MRAPs.

"It's a great vehicle in term of protecting troops," Allen said.

Congress wants more money to buy the vehicles this year. The Senate version of the emergency Pentagon spending bill being debated by Congress would include $4 billion to buy the vehicles.

The vehicles "can and will save lives," says Sen. Joseph Biden, D-Del., who pushed an amendment for an additional $1.5 billion for the vehicles through the Senate last month. The new vehicles "are a dramatic improvement in the odds of survival" for U.S. troops, he said.

The Pentagon needs more than $8 billion this year and next to pay for about 7,700 vehicles. In January, it issued contracts with nine companies to develop and build the vehicles.

The vehicles' safety is enhanced, Allen said, by raising their hulls a few feet off the ground where the force of a buried bomb is concentrated. Humvees, by contrast, have a lower center of gravity and are thinly protected on the bottom.

The Army, which has most of the 145,000 U.S. troops in Iraq, will have about 1,800 of the vehicles in Iraq by December. It has other armored vehicles, such as tanks, and intends to continue to operate armored Humvees because they are more mobile than MRAPs.

Find this article at:
http://www.usatoday.com/news/world/iraq/2007-04-18-marines-new-vehicles_N.htm?cs p=34#&POE=click-refer
 
Posted by TimW on :
 
Fairly strong today, sitting at 22.00, up about 4%.
 
Posted by minkybodl on :
 
FORCE PROTECTION AT DODGE AVENGER 500

April 23rd, 2007 - South Carolinas's fastest growing company, Force Protection, Inc. (Nasdaq:FRPT) announced today that their Buffalo, Cougar and Cheetah vehicles will be prominently featured during events leading up to the Dodge Avenger 500 May 12th at Darlington Raceway in Darlington, South Carolina.

"We are extremely excited to have Force Protection's vehicles participate in this year's Dodge Avenger 500 at Darlington. We welcome South Carolina's fastest growing company to the track 'Too Tough to Tame,'" said Chris Browning, president of Darlington Raceway.

"Force Protection is excited to participate in the Dodge Avenger 500. Darlington has always been special to NASCAR and the state of South Carolina. We look forward to a great event weekend," said Force Protection CEO Gordon McGilton.

Force Protection plans to participate in the Darlington Raceway Car Hauler Parade on Wednesday May 9th. Vehicles will be on display at Darlington for the USAC Silver Crown Series race Thursday May 10th, the NASCAR Busch Series race Friday May 11th and the NASCAR Nextel Cup Series race Saturday May 12th. The Buffalo, Cougar and Cheetah are scheduled to participate in parade laps immediately prior to the start of the NASCAR Nextel Cup Series Dodge Avenger 500 May 12th at 7:00 p.m. The Nextel Cup Series race telecast will be broadcast nationally on the FOX network.

For more information about these events or to purchase tickets to the races, please visit www.darlingtonraceway.com and www.darlingtoncarhaulerparade.com.

http://forceprotection.net/news/darlington/
 
Posted by Stefan on :
 
THE BIG ONE!!!

Force Protection Industries, Inc.,* Ladson, S.C., is being awarded $481,414,500 for firm-fixed-priced delivery order (#0003) under a previously awarded contract (M67854-07-D-5031) for additional Mine Resistant Ambush Protected (MRAP) Low Rate Initial Production (LRIP) vehicles. The Government shall purchase 300 Category I Vehicles and 700 Category II Vehicles, for a total of 1,000 vehicles. Work will be performed in Ladson, S.C., and work is expected to be completed by May 2008. Contract funds will not expire by the end of the current fiscal year. This contract was competitively procured. The Marine Corps Systems Command, Quantico, Va., is the contracting activity.
 
Posted by Livinonklendathu on :
 
In afterhours, gonna be fun
 
Posted by cspaude on :
 
HUGE HUGE HUGE. This is what will get everyone in I think. Each contract after this will be gravy.
 
Posted by Livinonklendathu on :
 
Hit $25.99 AH, settled back to $25 and change.
 
Posted by TimW on :
 
And i almost tossed some money into it.. darn.

Ill try to get some in the morning. :-/
 
Posted by Jo4321 on :
 
Finally, all my shares are green...from the ones I bought at $2.19 to the ones I bought at $21.94!

I'm still lamenting the loss of 650 shares that I got stopped out of last week! (and subsequent paper profits of over $3000.00 missed) Now I know what people mean when they say their shares were stolen! GRRR!

But I'm happy with my other shares that are looking good today.

So what do you all think will happen this morning? Will that afterhours price hold? FRPT is never easy to call.

Jo
 
Posted by Jo4321 on :
 
FRPT Hits Grans Slam Home Run - from Big Capital Advisors
Tuesday, April 24, 2007
FRPT hits Grand Slam Homerun
At 5PM on Monday the Marine Corps announced that Force Protection won a $481 million contract to supply over 1,000 more MRAP vehicles. The enormity of this contract can not be underestimated. It is the largest MRAP contract ever awarded and is just the beginning. It officially establishes FRPT as the elephant in the room of MRAP contractors. Although it does not preclude other contractors from getting some of the MRAP business, it clearly shows that FRPT is going to get the lion's share.

Just to put this into perspective, we already know that FRPT has reported the following revenues:

2004 $10.2 mil
2005 $49.7 mil
2006 $196.0 mil
2007 $600 - 700 mil est*
* projected as reasonable per Ray Pollard

Now on top of all of the above comes this huge contract. Whether this contract was in Pollard's 2007 estimate or not, I believe that this is just the tip of the iceberg. There is a worldwide paradigm shift towards blast protected vehicles. FRPT is by far the leader in terms of proven vehicles in the field and production capability. As we all know, FRPT's management has done an incredible job of ramping up production capacity and
forming relationships with all the right players in the field. It looks like the chickens are coming home to roost.

Now to the chart. FRPT traded up around $3.45 to $25.60 after hours on Monday. It easily took out it's all time high on big volume.

In my opinion if FRPT opens above its old highs and closes strong, we have a monster on our hands.

I'm sure that people will take profits into the gap up and there will be some huge volatility. The key to FRPT will be the ability to hang on during air pockets and to buy on the dips. No matter what standard one uses - from relative strength to alpha - stocks that blast off with great high volume thrusts, tend to keep going and keep outperforming the market proportionately.

In short, with one stroke of the pen, the DOD has put to rest most of the fears that FRPT shareholders were concerned about since multiple bidders were announced for MRAP. FRPT is officially the leader in the field and is going to experience some serious growth.

http://bigcapitaladvisors.********.com/2007/04/frpt-hits-grand-slam-homerun.html
 
Posted by Mr. CATIAEngineer on :
 
WOW! This looks like it will hit the 10 day avg volume in the first 30 minutes today! (edit - make that 10 minutes!)

Huge winner here.....ive been watching it for quite a while and kicking myself daily.

Has there been ANY talk of a forward split once this levels off?
 
Posted by Jo4321 on :
 
You could still get in on a dip. I've been in FRPT for a year and while it is always volatile, it does tend to often open high and then dip in mid-morning (say 10:15 or so)

I've got an order in for $23.50, so we'll see.

Jo
 
Posted by Mr. CATIAEngineer on :
 
Jo, I saw the dip to $16 and was going to get in then but honestly I havent been following it close enough so I didnt understand the dip. I first put this on my watch list at around $7 and forgot about it [Frown]

Thanks though, ill be watching for a dip!
 
Posted by cspaude on :
 
Kind of an off day today. I think it was a little pullback and possibly some people sold out in case the war funding bill goes through(which requires early withdrawal). We'll see. Either way I say this stock continues on.
 
Posted by TimW on :
 
War or no war the US needs these trucks.
 
Posted by minkybodl on :
 
=DJ Big New Order Tests Force Protection Plan To Outsource Mfg

.
By Rebecca Christie
Of DOW JONES NEWSWIRES


WASHINGTON (Dow Jones)--Force Protection Inc.'s (FRPT) plan to outsource its way to manufacturing success faces a big test over the next year, thanks to a $481 million, 1,000-vehicle order this week from the U.S. military.

Force Protection won the first major production contract in the Mine-Resistant, Ambush-Protected vehicle program, a new $8.4 billion program that aims to buy more than 7,700 new MRAP vehicles for the U.S. Marine Corps, the U.S. Army and other ground forces.

It will be a huge challenge for the South Carolina-based company. Force Protection built just 300 vehicles in all of 2006 and historically has struggled to add capacity. To succeed, the company will have to integrate a broad new team of suppliers and partners into its production lines for Cougar and Buffalo vehicles.

Analysts said the company has a tough road ahead. Delays and cost overruns are common in programs this ambitious, said Lexington Institute defense analyst Loren Thompson.

"The record of fast reaction production for forces in Iraq is spotty at best, in terms of industrial capability," Thompson said. "There are going to be some manufacturing issues that people haven't anticipated."

Force Protection's team includes major defense contractors such as General Dynamics Corp. (GD) and Armor Holdings Inc. (AH). As these partners begin operations, Force Protection plans to expand from its current production rate of 70 to 80 vehicles per month to 200 vehicles per month, over a six-month span.

"It's kind of like a relay race, where we start running a while in anticipation that the baton is going to come to us," said Mike Aldrich, Force Protection's vice president for marketing and government relations, in a Wednesday telephone interview. He said Force Protection's partners will bring key support not only for manufacturing, but also for setting up the extensive logistics chain that these vehicles will require once they are deployed.

Force Protection's new vehicles will be built in Michigan, North Carolina, Texas and Ohio, as well as in South Carolina. The new contract calls for all vehicles to be delivered by May 2008.

If Force Protection wins more big orders, it could expand its supplier team further. "Frankly, we could add others, like BAE Systems, to increase the production flow if we were asked to. We'll give the design to anybody to try to get the vehicles out the door," Aldrich said.

BAE Systems has worked with Force Protection in the past, on light armored vehicles for the Iraqi government. But the two companies have not yet announced any new alliances.

Force Protection is one of nine companies that the Marines selected in February for MRAP testing. General Dynamics and Armor Holdings also made the list, along with Textron Inc. (TXT), BAE Systems PLC (BA.LN), Oshkosh Truck Corp. (OSK), Protected Vehicles Inc., Navistar International Corp.'s (NAVZ) International Military and Government LLC, and General Purpose Vehicles LLC.

Each company is on contract for four test vehicles - two "category one" and two "category two" vehicles. Seven companies have delivered test vehicles so far, the Marines said.

Force Protection is the only company to complete testing so far, the Marines said. But because the military has such an urgent demand for the new vehicles, the Marines already placed interim orders for 639 vehicles with five of the selected companies.

The Marines said they do not have a uniform plan for how the MRAP program will take shape as testing proceeds. "Each company is different," said Marine Corps Systems Command spokesman Bill Johnson-Miles.

Despite the big challenge of filling the MRAP order, Force Protection hasn't shied away from other new business prospects. The company is mulling a new manufacturing location in the Southeastern U.S. for its proposed Cheetah commercial armored vehicle.

The company also has proposed an upgrade to the 600 or so Buffalo and Cougar vehicles it has delivered to the U.S. military so far. This upgrade, which would cost $100,000 to $200,000 per vehicle, would provide better protection against a particularly deadly type of roadside bomb, Aldrich said. If the military accepts the proposal, the upgrade also could be adapted for the General Dynamics-made Bradley Fighting Vehicles and other U.S. military equipment, he said.

-By Rebecca Christie, Dow Jones Newswires; 202-862-9243; rebecca.christie*dowjones.com


(END) Dow Jones Newswires

April 25, 2007 18:57 ET (22:57 GMT)
 
Posted by TimW on :
 
ROFL... hey BAE, i just won another 500 mil contract, you wanna do the dirty work and build em?

Way to do business [Big Grin]
 
Posted by cspaude on :
 
Pure speculation here and a little off topic, but I get the feeling a larger defense contractor(i.e. GD, etc) may attempt to buy FRPT down the road. Any thoughts? I don't think it'd be real soon but I can see it happening.
 
Posted by Jo4321 on :
 
Force Protection, New Contract, Not New To The Fight

Reporter: Sarah DeMarco
Posted: April 26, 2007 10:55 AM EST

Ladson, SC - More armored vehicles soon to be on their way to Iraq, more lives soon to be saved and more jobs, here at home. Thanks to the Ladson based company, Force Protection and a new government contract, 1,000 trucks are now in the making for the Marine Corp.

It's a constant race to find new defense mechanisms, to protect our troops. Force Protection is up to the fight, says Ray Pollard, the Chief Operations Officer of Force Protection, "that's why we bought our own test range, so we could keep current and try and stay ahead of them." Ahead, of the enemy. Which means putting these guys to work 7 days a week, 22 hours a day, producing possibly the most important piece of protection America can offer. "Every vehicle we've produced, we believe means dozens of young men and woman will come home safely," says Pollard.

Their unblemished track record proves it. The Cougar has sustained more than 200,000 IED hits and mortar attacks without 1 fatality. Their safety, a sign more are needed. Not only now, but for what lies ahead.

"I believe this A-symmetrical war fare we're fighting Thursday happens to be in Iraq, it could be any place. I think next time they will have built these type vehicles in large numbers and distributed them around the world to all our arsenals. So they'll be available for confrontation, no matter where it is," says Pollard.

In contrast to the humvee, which even when armored offers little protection against a buried bomb, the Cougar is higher and heavier. Right now, Force Protection has a production capacity of about 100 Cougars a month. By the end of the year, the company plans to produce closer to 400 a month.

Just last month, Force Protection purchased land in Edgefield and Summerville, both for expansion and testing, those sites will add close to 200 jobs to the 900 already at work. Just a year ago, only 150 were behind the scenes. The Military's latest order costs close to a half a billion dollars and will be delivered by the end of January.

Copyright 2007 WCIV, LLC

http://www.abcnews4.com/news/stories/0407/417901.html
 
Posted by minkybodl on :
 
Just saw this from last week; what Michael Aldrich says,


http://www.forbes.com/2007/04/24/force-protection-military-markets-equity-cx_er_ 0424markets32.html?partner=yahootix



Force Protection, a maker of armored vehicles, saw its shares jump 8.2% in Tuesday trading after it netted a major military contract.

On Tuesday, Force Protection (nasdaq: FRPT - news - people ) announced that it has won a $490 million contract from the U.S. Marine Corps to produce 1,000 new vehicles. The company said it was the largest mine-resistant vehicle contract ever awarded.

At the end of trading Tuesday, shares of Force Protection were up 8.2%, or $1.82, to $23.97.

The order represents a major uptick for the company. Since 2003, the military has used about 350 Force Protection vehicles in Iraq and Afghanistan. Unlike most armored cars, the company's vehicles are built with a unique V-shaped hull, which are designed to withstand improvised explosive device and mine attacks.

Force Protection could reap additional contracts in the near term as the military continues its spending spree. Under the U.S. Marine Corps' Mine Resistant Ambush Protected vehicle program, the Marines plans to acquire 7,700 vehicles, valued at $8.4 billion, by the end of 2008. The company remains optimistic that it will be able to win a bulk of these outstanding contracts.

"We're expecting to get 6,000 more orders," said Michael Aldrich, vice president of marketing at Force Protection, in an interview on Tuesday. "The government has told us repeatedly that if we pass the test and we prove that we can generate capacity and a delivery schedule that meets their needs, then they would deliver the orders. Our optimism is based on experience."

Other armored vehicle makers have tried to adopt the V-shaped design but Aldrich believes that Force Protection retains a competitive edge against the market. "You can't trademark geometry, but all V-shaped hulls are not created equal and we have proprietary technologies," he said.

The expected surge in armored vehicle spending contrasts sharply with the apparent softening in aeronautical defense sales. (See: " Lockheed Martin Fails to Impress.")

On Tuesday, Dougherty & Company raised its price target on Force Protection shares to $29 from $23 and reiterated a


Then this,



General Dynamics Receives $245 Million for Mine-Protected Vehicle Work
Monday April 30, 4:45 pm ET
Joint venture with Force Protection, Inc., shares $490 million program award


STERLING HEIGHTS, Mich., April 30 /PRNewswire-FirstCall/ -- General Dynamics Land Systems, a business unit of General Dynamics (NYSE: GD - News), has received a work order for $244.5 million of a $490 million contract awarded to Force Protection, Inc. (Nasdaq: FRPT - News) on April 24 to produce 1,000 vehicles for the U.S. Marine Corps' Mine Resistant Ambush Protected (MRAP) vehicle program.
ADVERTISEMENT


Force Protection and General Dynamics have formed a joint venture, Force Dynamics, to share in the production and program management of the MRAP contact.

This latest MRAP delivery order purchases Force Protection's category I 4X4 and category II 6X6 Cougar vehicles. Manufacturing will be performed in Anniston, Alabama; Charlotte, Michigan; Ladson, South Carolina; Lima, Ohio; Kings Point, North Carolina; and Sealy, Texas.

About Force Protection

Force Protection manufactures ballistic- and mine-protected vehicles through its wholly owned subsidiary. These specialty vehicles are protected against landmines, hostile fire, and Improvised Explosive Devices (IEDs, commonly referred to as roadside bombs). Force Protection's mine and ballistic protection technology is among the most advanced in the world. The vehicles are manufactured outside Charleston, S.C. For more information on Force Protection and its vehicles, go to http://www.forceprotection.net .

About General Dynamics

General Dynamics, headquartered in Falls Church, Virginia, employs approximately 82,600 people worldwide. The company is a market leader in business aviation; land and expeditionary combat systems, armaments and munitions; shipbuilding and marine systems; and information systems and technologies. More information about the company is available on the Internet at http://www.generaldynamics.com .

http://biz.yahoo.com/prnews/070430/nem128.html?.v=3


Giving up half to GD to get them all, or aleast 6,000 more, sounds good to me. Good partner to have to be able to get the job done. Maybe they wont be bought-up being GD's partner.
 
Posted by Jo4321 on :
 
More fun with FRPT!! This was posted over on IV by Forcite. (you have to have to be a member of Defense news, I think, to see the articlehttp://defense.iwpnewsstand.com/ ) But anyhow after the big drop to $20.11 yesterday, who knew we'd be at $23.35 in a/h today. This stock is crazy!

-----------------
Army Eyeing Replacement of All Humvees in Iraq with New Armored Vehicle

May 2, 2007 -- The Army is considering a request from commanders in Iraq to replace every humvee there with a Mine Resistant Ambush Protected vehicle, a move that -- if approved -- could more than triple the size of the MRAP program, which today carries an $8.4 billion price tag.

This proposal comes as the new-start MRAP effort -- which aims to rapidly build and field a large armored vehicle fleet -- elbowed its way on to the agenda of the most senior Pentagon officials this week, including the defense secretary and Defense Department’s high-level Joint Requirements Oversight Council.

Army brass this spring advanced a requirement for 2,500 MRAP vehicles, which have v-shaped hulls designed to protect occupants from roadside bombs, as part of a Marine Corps-led effort to build a fleet of 7,774 MRAPs and field them to U.S. forces in Iraq over the next 18 months.

Commanders in Iraq, however, now believe Army personnel -- which suffer daily attacks from improvised explosive devices -- require a significantly larger MRAP fleet.

“We’ve got a requirement from the field that’s a larger number than [2,500] and we’re going to take a long, hard look at that,” Pete Geren, the acting Army secretary, told the Senate Armed Services airland subcommittee on April 25. “The number that came from the field was 17,000 -- total replacement of the humvee fleet.”

Officials on the Army staff declined requests to discuss details of the services’ MRAP requirement, which could produce a large unfunded wedge in the service’s modernization portfolio. Estimated per-unit MRAP costs -- including the vehicle, communication gear, electronic warfare capabilities, and two years of contractor support -- range from $1 million to $1.3 million, depending on which of three different-sized MRAP variants is procured, sources familiar with program details said.

Still, Geren suggested at the hearing that Army leaders are open to raising the MRAP requirement, noting he “was not confident” with the 2,500-vehicle goal. “Perhaps it should be more,” he said.

In effect, the Army is considering a policy change similar to the Marine Corps’ decision earlier this year to provide MRAP-level protection for all Marines in al Anbar province.

“Under this policy, limited use of Up-Armored [humvees] will be authorized in specific tactical situations where the operational characteristics of [humvee] are required,” Gen. James Conway, Marine Corps commandant, wrote in a March 1 memo on the status of the MRAP program to Gen. Peter Pace, chairman of the Joint Chiefs of Staff.

This Marine Corps policy change, validated by the service’s brass on Feb. 6, propelled its requirement for MRAP vehicles from 1,022 to 3,700.

The Army’s assessment of its total MRAP need comes as the Joint Requirements Oversight Council, the Pentagon’s high-level panel that must approve all new-start weapons programs, was scheduled on May 2 to consider -- and possibly endorse -- the requirement for 7,774 MRAP vehicles.

Even this figure represents recent growth spurred Air Force and U.S. Special Operations Command requirements.

Yesterday, in another sign of the high profile MRAP enjoys in the Pentagon, Defense Secretary Robert Gates received a program overview briefing, according to Marine Corps spokesman Bill Johnson-Miles.

Meanwhile, support for the MRAP program continues to grow on Capitol Hill. The House Armed Services air and land subcommittee today announced it has added $4.1 billion to buy MRAPs in fiscal year 2008, an extraordinary sum -- even in the context of U.S. defense spending -- for an effort that is not a program of record and was not a priority only a year ago.

The House panel’s action follows last week’s commitment by Congress to provide $3 billion for MRAP purchases over the next six months. President Bush, however, vetoed the spending bill that contained the MRAP funds yesterday because of provisions regarding U.S. troop withdrawals from Iraq.

So far, the MRAP program in fiscal year 2007 has spent all but $150 million of the $1.4 billion available to the Marine Corps through congressional appropriations and internal reprogramming actions, according to a Marine Corps spokeswoman.

Nearly $900 million has been used to place orders for 1,639 vehicles on contract, a handful of which are complete.

The current impasse over the fiscal year 2007 emergency supplemental spending package is forcing the Marine Corps to search internally for additional resources for MRAP.

“We are investigating additional reprogramming and realignment funding options to make more funding available to the program before appropriation and receipt of the FY-07 supplemental funding,” said Dedra Jone, spokeswoman for the MRAP program. “Other than orders already placed and planned with funds on hand, we cannot place additional orders until more funding is available.”

Sources said the service is preparing a new reprogramming request worth nearly $500 million to ensure that it has funds on hand to award production contracts over the next four weeks. This would be a second reprogramming action designed to shift funds to the MRAP program this spring. In March, Pentagon Comptroller Tina Jonas approved a $498 million reprogramming for MRAP.

The push to make MRAP funds available comes as the Marine Corps and Army in late May are scheduled to complete testing of prototypes from eight tactical vehicle manufacturers. A key element of the rapid acquisition strategy is to begin awarding contracts as soon as testing is complete. -- Jason Sherman


Date: May 2, 2007
 
Posted by cspaude on :
 
This is awesome!! Up nearly 6% today. And I was looking for a target price of about $34 before I sold, but now I'm looking higher. This one has a LOT of upside yet. Even if they don't get a few contracts, the ones they get should be far more than originally thought.
 
Posted by Livinonklendathu on :
 
Force Protection Industries, Inc., Ladson, S.C., was awarded an $8,867,449 firm-fixed-priced contract on May 3, 2007 for five JERRV and five Buffalo up-armored vehicles and associated sustainment and training. The sustainment will consist of 90-day consumables, forward deployment blocks, maintenance workshop blocks, field service representatives, operator and maintenance training. This procurement is in support of the Government of Canada under the Foreign Military Sales Program. Work will be performed in Ladson, S.C., and is expected to be completed by May 2008. Contract funds will not expire at the end of the current fiscal year. This contract was solicited as a sole source procurement under the terms of an “International Agreement” as cited under FAR 6.302-4. The Marine Corps Systems Command, Quantico, Va., is the contracting activity (M67854-07-D-5039).

http://www.defenselink.mil/contracts/contract.aspx?contractid=3510
 
Posted by cspaude on :
 
There goes Armor Holdings. Will General Dynamics ante up and buy FRPT?

-----------------------------------------

Armor Holdings Agrees to $3.37 Billion Takeover by Global Defense Contractor BAE Systems

JACKSONVILLE, Fla. (AP) -- Armor Holdings Inc., which makes military vehicles and bulletproof vests, said Monday it agreed to a $3.37 billion takeover by global defense contractor BAE Systems Inc.
The purchase price of $88 a share in cash represents a 7 percent premium to the closing price of Armor Holdings stock on Friday. The overall price is based on the 38.33 million fully diluted shares outstanding Armor reported as of March 31.

The companies value the entire transaction at $4.1 billion. Unvested stock options sometimes boost the total cost of a deal.

The deal is expected to close in the third quarter and remains subject to shareholder approval and antitrust scrutiny.

Shares of Armor Holdings rose $3.35 to $85.50 in premarket electronic trading.
 
Posted by Jo4321 on :
 
I hope not.
 
Posted by Jo4321 on :
 
USA TODAY - Troops in Iraq get safer vehicle


http://www.usatoday.com/news/washington/2007-05-09-gates-mrap_N.htm


Troops in Iraq get safer vehicle


U.S. Marines look over a mine resistant ambush protected vehicle, or MRAP, in Iraq.  -

By Tom Vanden Brook, USA TODAY
WASHINGTON — The Pentagon will phase out its armored Humvees in Iraq and Afghanistan and send in vehicles that better withstand roadside bomb blasts, Defense Secretary Robert Gates said Wednesday.
Replacing the Humvee, the military's main troop-transport vehicle, will be the Mine Resistant Ambush Protected Vehicle, known as an MRAP. Military officials say the new vehicles provide twice as much protection against improvised explosive devices (IEDs), which cause 70% of all U.S. casualties in Iraq.

Armored Humvees were "the best we had," Gates said. "Now we have something better, and we're going to get that to the field as best we can."

No Marines had been killed in the 300 attacks on Marine MRAPs in Anbar province, USA TODAY reported on April 19. Last week, two Army soldiers were killed when a bomb struck their MRAP in Iraq.

Humvees have had a tortured history since the Iraq war started in March 2003. Few had armor in the early months of the war, but the rise of IEDs led troops to add their own armor. Then Congress pushed the Pentagon to buy armor kits and new, fully armored Humvees. The added armor, though, made it more likely for the Humvee to roll over, and its heavier doors trapped soldiers inside after an attack or accident.

FIND MORE STORIES IN: Iraq | Wednesday | Afghanistan | Army | Pentagon | Gates | US Marines | Humvees | IEDS | MRAP | MRAPS
Getting the MRAPs is "the highest priority Department of Defense acquisition program," Gates said in a memo last week to the secretaries of the Army and Navy. In that memo, first reported Wednesday by InsideDefense.com, Gates said he was concerned the Marines has ordered 3,700 of the vehicles, while the Army only sought 2,500. The Army has about 100,000 troops in Iraq; the Marines have 25,000.

Gates and other Pentagon officials plan to meet Friday to determine how many more vehicles the military will buy. "My understanding … is that the Army has been recalibrating its interest and has substantially increased the number of these vehicles they think they can use," Gates said.

The new vehicles feature a V-shaped hull that disperses explosions from below. All services have ordered a total of 7,700 MRAPs for $8 billion over the next 18 months, but Gates indicated the Pentagon could buy many more.

The Army now has 18,000 armored Humvees in Iraq. It originally planned to spend another $2.5 billion this year to buy more, Army budget records show.

Army spokesman Paul Boyce said Wednesday the service has 1,100 mine-protected vehicles in Iraq. The MRAP won't completely replace the Humvee in Iraq or future conflicts, he said.

Gates said production capacity is "nowhere near what it needs to be to meet the demand on the part of either the Army or the Marine Corps."

In January, the Marines awarded testing and development contracts for the MRAP to nine different defense contractors. A Marine contract for 1,000 MRAPs awarded last month indicated the order would be completed by May 2008.

It's about time the Pentagon changed to the MRAP, said Sen. Joseph Biden, D-Del., who has advocated for buying more of the vehicles. "I am glad they finally get it," he said.

Gates said Wednesday he learned of the Marines' success with the vehicles from a newspaper article he did not identify. "That certainly got my attention."

It also indicates that future U.S. adversaries will mimic the insurgents' use of IEDs, which "have now been recognized as a national Achilles' heel," said Michael O'Hanlon, an analyst at the Brookings Institution. "If you're the military, you'd better fix it."
 
Posted by Jo4321 on :
 
And here comes another buying op. 5 day delay on earnings.

http://www.sec.gov/Archives/edgar/data/1032863/000110465907037650/0001104659-07- 037650-index.htm

NOTIFICATION OF LATE FILING

For Period Ended:
March 31, 2007
 
Posted by Jo4321 on :
 
So much for the buying op, it actually went up on that news!

Can never predict this one....always exciting.

Jo
 
Posted by Jo4321 on :
 
[Smile] When I'm wrong, I'm REALLY wrong! Up $2.40 right now...
 
Posted by Livinonklendathu on :
 
Cramer on it

Cramer - Two Mine-Resistant Vehicle Stocks to Ride

By Jim Cramer
RealMoney.com Columnist
5/10/2007 11:58 AM EDT
Click here for more stories by Jim Cramer

Do not underestimate momentum. The momentum I am seeing in Force Protection (FRPT - commentary - Cramer's Take - Rating) and in Spartan Motors (SPAR - commentary - Cramer's Take - Rating), off the mine-resistant vehicles (they are both suppliers) is very similar to what I saw in Ceradyne (CRDN - commentary - Cramer's Take - Rating) last year when I got behind that one with a vengeance.

Like Force Protection and Spartan, Ceradyne became a hot-button in Congress because it made body armor and we were very short body armor for our troops.

Many of you are concerned that you may have "missed" the move in both of these stocks. I think that Ceradyne says you haven't. From April 2005 to February 2006, Ceradyne went from $18 to $62. The whole time, all it did was get contract after contract as the military and Congress wanted to show they cared.

Throughout the run, the shorts swarmed. They were all overwhelmed. They tried it again recently, and again they were overwhelmed.

I am saying right now that mine-resistant vehicles will be the easiest campaign issue and the easiest way to show you care about the troops, because the deaths from the fatal combination of endless improvised explosive devices, or IEDs, and the weak chassis of U.S. military vehicles simply can't be tolerated by the military -- or politicians.

The Ceradyne history says that you are going to get a triple in these stocks. Ceradyne's more of a pure play than Spartan because of its RV business, but it is just like Force Protection.

So, when you consider shorting or getting off, remember Ceradyne and stay in the game
 
Posted by Jo4321 on :
 
So THAT'S what happenned.

Gonna be a wild ride now.

Jo
 
Posted by Jo4321 on :
 
AP
Force Protection Shares Soar 11 Percent
Thursday May 10, 2:01 pm ET

Force Protection Shares Jumps 11 Percent on Potential New MRAP Orders

Shares of military contractor Force Protection Industries Inc. soared Thursday after it was reported that the Pentagon plans to boost its order for next-generation armored vehicles used by U.S. soldiers in Iraq and Afghanistan.
Force Protection, based in Ladson, S.C., shares rose $2.66, or 11.5 percent, to $25.91 during intraday trading.

The maker of the largest mine-resistant vehicles received on April 22 the largest order to date from the Navy worth $481.4 million to deliver 1,000 Mine Resistant Ambush Protected, or MRAP, vehicles.

On Thursday, USA Today reported that Defense Secretary Robert Gates said the Pentagon will meet Friday to discuss the possibility of ordering additional MRAP vehicles.

Other companies vying for the military's armored-vehicles business include General Dynamics Corp., BAE Systems PLC and Armored Holdings Inc.

MRAP vehicles protect U.S. soldiers from mines, rocket-propelled grenades and improvised explosive devises and are currently used in operations in Iraq and Afghanistan. The vehicle is designed in a V-shape hull which can repel explosions.

A joint military program led by the U.S. Marine Corps is seeking to double the size of its new armored vehicle program to meet short-term combat needs. The Marines and Army want to buy 7,774 MRAP vehicles expected to cost $8.4 billion.


http://biz.yahoo.com/ap/070510/force_protection_mover.html?.v=1
 
Posted by cspaude on :
 
I think it's only fair to guess that after today's run, FRPT may pull back a bit tomorrow morning. HOWEVER, that pullback should be a huge buying opportunity because it will continue shooting up when more contracts come in. I see FRPT in the mid-30's by the end of June. Anyone else with me on this?
 
Posted by Jo4321 on :
 
I'm with ya! Been here since the beginning of this thread (and I have the chewed nails to prove it).

I could claim that this rise is due to the "Jo Effect" since I sold off 200 of my "trading" shares this morning at $23.90! (<----banging head on keyboard)

Jo
 
Posted by Mortimer on :
 
I'm with you guys as well!!! ...but maybe we see mid-30's by EOD?
 
Posted by cspaude on :
 
Up nearly 17% now. Wow
 
Posted by TimW on :
 
Id buy back in but my last 45 trades remind me when i buy something it goes down. Definetly will be watching tomorrow for entry regardless.
 
Posted by Jo4321 on :
 
****....

Thursday, May 10, 2007
Armored Vehicle Demand Blows Up

A few years ago, you would have hardly ever seen a Cougar or Buffalo armored vehicle in Iraq. There are still just a few hundred rolling around today. But everybody in the military-industrial complex has gone ga-ga over the Mine Resistant Ambush Protected vehicles, or MRAPs. And there's talk of building more than 17,000 of the things -- enough to "replace every Humvee in Iraq," according to Army Times.

Defense Secretary Robert Gates just called the MRAPs the Pentagon's "highest priority" new gear buy. The House Armed Services Committee just added $4.1 billion to the budget for the vehicles, outfitted with tougher armor and a v-shape, bomb-deflecting hull. It's a huge, huge jump, considering that three years ago, a team of 12 was hand-building the things, at the rate of about one a month.

These days, the big boys of defense contracting have all jumped on the MRAP bandwagon. But still, going from a handful to thousands won't be easy.

Obviously, no one wants to go back to the days of hillbilly armor, the MRAP mania is having one, somewhat unfortunate side-effect: As Sharon predicted, the program to build a new (possibly hybrid) fleet of tactical vehicles seems to be dying a fairly quick death. The House Armed Services Committee just blocked funds for the Joint Light Tactical Vehicle program until the military can prove it's good to go, technically. Until then, it's all MRAPs, all the time.


http://****.wired.com/defense/2007/05/armored_vehicle.html
 
Posted by Livinonklendathu on :
 
Armored-Vehicle Maker Soars
Evelyn M. Rusli, 05.10.07, 3:55 PM ET


Shares of Force Protection surged 18.2% in trading on Thursday amid speculation that the U.S. Army is ready to push the Pentagon for an expanded fleet of its military vehicles.

The company, a leading armored-vehicle manufacturer, was up $4.22, to $27.47, in afternoon trading.

The army's highest priority is replacing the 17,700 Humvees in Iraq with mine-resistance ambush protected vehicles -- a market that Force Protection (nasdaq: FRPT - news - people ) dominates. On Wednesday, Defense Secretary Robert Gates said Humvees, latter-day versions of Jeeps, were once "the best we had." Now, howver, "we have something better, and we're going to get that to the field as best we can," according to a report by the Army Times.

Citing a Pentagon source, the Army Times said the Army is expected to ask for 9,000 of the new armored vehicles in 2008, with a projected price tag of $9 billion, and for 8,700 more in 2009. This revised request represents a 15,200 vehicle increase, from the Army's current plan to acquire 2,500 units by 2008, under its Mine Resistant Ambush Protected vehicle program. The Marine Corps and other branches of the military have separately ordered about 5,200 more of the vehicles.

More:

http://www.forbes.com/2007/05/10/force-protection-military-markets-equity-cx_er_ 0510markets17.html?partner=yahootix
 
Posted by Jo4321 on :
 
Same author, expanded article....

Market Scan
Force Protection Rises on Army Interest
Evelyn M. Rusli, 05.10.07, 5:55 PM ET

The U.S. Army's campaign to order more of a new type of armored troop carriers could be a major victory for Force Protection.

Shares in the leading manufacturer of armored vehicles rose 14.7%, or $3.42, to close at $26.67 on Thursday.

The army's highest priority is replacing the 17,700 Humvees in Iraq with armored vehicles that can stand up better to mines, improvised explosive devices and rocket-propelled grenades -- a market that Force Protection dominates. On Wednesday, Defense Secretary Robert Gates said Humvees, latter-day versions of Jeeps, were once "the best we had." Now, however, "we have something better, and we're going to get that to the field as best we can," according to a report by the Army Times.

Citing a Pentagon source, the Army Times said the Army is expected to ask for 9,000 of the new armored vehicles in 2008, with a projected price tag of $9 billion, and for 8,700 more in 2009. This revised request likely represents a 15,200 vehicle increase from the Army's current plan to acquire 2,500 units by 2008, under its Mine Resistant Ambush Protected vehicle program, analysts predicted on Thursday.

The Marine Corps and other branches of the military have separately ordered about 5,200 of the vehicles.

If the expanded Army order goes through Pentagon and wins congressional approval, Force Protection, which has 81% of the market for the armored vehicles, could win a flood of new orders, James Mcilree of C.E. Unterberg, Towbin said in an interview on Thursday.

While the $9 billion for 9,000 vehicles cost projection likely includes spare parts and maintenance costs, at approximately $1 million a vehicle, it will be boom times for the company.

"The MRAP program has been designated as the Department of Defense's highest priority and there is a tremendous amount of support in Congress," Mcilree said.

Given the success of Force Protection's vehicles, which are built with a V-shaped hull and specially designed to withstand improvised explosive devices, the government is expected to approve the entire order. "It will be very difficult for someone to say this brigade gets the MRAPS but not another brigade."

As the leading vendor, Force Protection has the advantage but it will compete against eight other companies, including BAE Systems PLC

Momentum is building for Force Protection, who announced last month that it won a $490 million to produce 1,000 new vehicles for the military, in the largest mine-resistant vehicle contract ever awarded. (See: "Force Protection Nets Big Win.") The company's stock has catapulted from 80 cents in January 2006 to over $25 today.

The comany is also expected to roll out a new line of lightweight armored vehicles this fall. At 7 tons, the Cheetah will be lighter and more mobile than the company's Cougar line, which will make it an attractive replacement candidate for the Humvee.

"The government has told us repeatedly that if we pass the test and we prove that we can generate capacity and a delivery schedule that meets their needs, then they would deliver the orders. Our optimism is based on experience,"said Michael Aldrich, vice president of marketing at Force Protection, told Forbes.com in April.
 
Posted by PCola77 on :
 
At $27 now!

Arghh, can't believe I got shook out of this by all those Street articles way bak at like $17. F them...
 
Posted by cspaude on :
 
Looks like I was wrong about the lower opening. Good thing to be wrong about I guess.
 
Posted by cspaude on :
 
Got a quick bullish mention on mad money. Looks like Cramer is on board which I would hope means Melissa is done with her articles.
 
Posted by Livinonklendathu on :
 
10Q out:

http://sec.freeedgar.com/displayHTML.asp?ID=5184268
 
Posted by cspaude on :
 
Looks like folks were expecting a bit higher. After hours doesn't look so good. Then again, this is all information from the past. This stocks momentum will be on what's to come hopefully next month.
 
Posted by Jo4321 on :
 
Force Protection Reports Record First Quarter 2007 Financial Results
Tuesday May 15, 5:13 pm ET


LADSON, S.C., May 15 /PRNewswire-FirstCall/ -- Force Protection, Inc. (Nasdaq: FRPT - News), the leading armored vehicle manufacturer, today announced results for the first quarter ended March 31, 2007.

Net sales for the first quarter ended March 31, 2007 totaled $100.2 million, an increase of 187.6% compared with $34.8 million reported during the same period in the prior year. This growth is primarily due to a significant increase in vehicle production and deliveries in several blast protected vehicle programs, reflecting contract awards received in the latter half of 2006. These include contracts with the U.S. Marine Corps to supply Cougar Joint Explosive Ordnance Disposal Rapid Response Vehicles (JERRV), Buffalo Mine Protected Clearance Vehicles, and a contract with the British Ministry of Defense for Mastiff Protected Patrol Vehicles or Mastiff PPV.

Force Protection recorded a gross profit for the first quarter 2007 of $21.8 million, an operating profit of $2.5 million and negative cash flows from operations of $27.2 million. Net income for the first quarter of 2007 was $2.5 million or $0.04 per diluted share, compared with a net loss of $665,633 or $(0.03) per diluted share for the same period last year.

Gordon McGilton, Chief Executive Officer of Force Protection, said, "We are very pleased with our results for the first quarter. The Company is now starting to see the tangible benefits of the contract awards we received in 2006 and already, in the first quarter alone we have achieved net sales that equal nearly half of our total 2006-year net sales performance. We believe our outlook for the rest of 2007 is even brighter, given recent contract awards and the delivery orders we have already received from the U.S. Marine Corps. We intend to continue to expand our operations and remain focused on expediting deliveries through increased efficiencies at our production facilities."

For further information, interested parties are encouraged to review Force Protection's latest 10-Q filing with the SEC, which can be accessed via the Internet at http://www.forceprotection.net/investors/sec.html.

About Force Protection Inc.

Force Protection, Inc. manufactures ballistic- and mine-protected vehicles through its wholly-owned subsidiary. These specialty vehicles protect against landmines, hostile fire, and Improvised Explosive Devices (IEDs, commonly referred to as roadside bombs). Force Protection's mine and ballistic protection technologies are among the most advanced in the world. The vehicles are manufactured outside Charleston, S.C. For more information on Force Protection and its vehicles, visit www.forceprotection.net.

This press release contains forward-looking statements that involve risks and uncertainties. The Company generally uses words such as "believe," "may," "could," "will," "intend," "expect," "anticipate," "plan," and similar expressions to identify forward-looking statements. You should not place undue reliance on these forward-looking statements. Actual results could differ materially from those anticipated in the forward-looking statements for many reasons, including the risks described in the Company's Form 10-K and other reports filed with the Securities and Exchange Commission. Although management believes the expectations reflected in the forward-looking statements are reasonable, they relate only to events as of the date on which the statements are made, and the Company's future results, levels of activity, performance or achievements may not meet these expectations. The Company does not intend to update any of the forward-looking statements after the date of this document to conform these statements to actual results or to changes in expectations, except as required by law.
 
Posted by Jo4321 on :
 
Force Protection Swings To 1Q Profit, Rev Up

Last update: 5/15/2007 6:20:47 PM

DOW JONES NEWSWIRES Force Protection Inc. (FRPT) said late Tuesday it swung to a first-quarter profit of $2.5 million, or 4 cents a share, from a year-ago loss of $665,633, or 3 cents a share. Revenue in the quarter ended March 31 rose to $100.2 million from $34.8 million last year.

Analysts polled by Thomson Financial were expecting, on average, a per-share profit of 13 cents on revenue of $112.7 million. Ladson, S.C.-based Force Protection is a maker of armored vehicles -Gabriel Madway; 415-439-6400; AskNewswires*dowjones.com (END)

Dow Jones NewswiresMay 15, 2007 18:20 ET (22:20 GMT)


------------
Jo
 
Posted by Livinonklendathu on :
 
Took it down $2.50+ on 23K volume AH, back up to 24.70 now. Tomorrow should be interesting:)
 
Posted by cspaude on :
 
The b!tch is back...

---------------------------------------
Force Protection Hits a Bump

By Melissa Davis
Senior Writer
5/16/2007 12:05 PM EDT
Click here for more stories by Melissa Davis

Force Protection (FRPT - Cramer's Take - Stockpickr) hit a bump during the latest quarter.
The Ladson, S.C., defense contractor missed Wall Street targets for the period after paying damages to investors who participated in a lucrative private offering of the company's stock late last year. After failing to register that stock on time, the company shelled out $4.88 million in damages -- slashing its quarterly profits by nearly two-thirds and creating a major, if somewhat expected, shortfall.

Net income, hurt by a surprise tax payment as well, came in at just $2.5 million or 4 cents a share during the latest quarter. Wall Street had been forecasting profits of 13 cents a share instead.

Force Protection also burned through $27.2 million in cash during the period.

Excluding special items, Force Protection's first-quarter earnings actually topped the consensus estimate by a penny. But the company's first-quarter sales of $100 million fell almost 12% shy of analyst targets. With Force Protection fielding huge military orders -- and hitting current production targets -- experts assumed that weaker vehicle pricing could be partly to blame.

Still, given soaring demand for blast-resistant vehicles, bullish analysts felt compelled to overlook any temporary setbacks.

"Despite the seemingly disappointing optics of 1Q07, we encourage investors to focus on three metrics: orders, delivery rates and gross margin," SunTrust Robinson Humphrey analyst Chris Donaghey wrote on Wednesday. "All three metrics continue to get stronger, and we anticipate further gains. ... Thus, we reiterate our buy rating on FRPT and encourage investors to use potentially downward volatility as a result of 1Q07 results to add to positions."

Force Protection slid 1.7% to $25.62 on Wednesday. However, the stock has enjoyed a huge rally -- nearly doubling in price -- since the end of last year.

Donaghey, for one, sees plenty of room left to run. Importantly, he notes, the size of the U.S. military's mine-resistant ambush-protected vehicle program "has once again seen a potentially enormous increase" in recent weeks. Going forward, he predicts, estimated demand for MRAP vehicles could nearly triple to 23,000 units in all.

Donaghey views Force Protection as the clear leader in this highly competitive field.

"To date, FRPT has captured the lion's share of the orders under the MRAP program as a result of the performance of its vehicles in Iraq and its ability to produce those vehicles at levels substantially higher than its competition," Donaghey wrote on Wednesday. "With continued strong execution, we continue to believe increasingly larger orders will flow to FRPT."

To be fair, Donaghey acknowledges certain risks. He highlights several threats -- including production delays, military shifts and lower-than-expected contract wins -- that could bar Force Protection from hitting his $36 price target. But he sees the stock as an attractive bet nonetheless. His firm has investment-banking ties to the company.

Thomas Weisel Partners analyst David Gremmels has adopted a similar stand on Force Protection.

"Although bears will argue that MRAP-boosted 2008 earnings are unsustainable and should be discounted, we believe that the expected increase in Army requirement for MRAP further supports our thesis that: (1) the program is likely to grow; (2) the company is well positioned for whatever vehicle program replaces the Humvee; and (3) FRPT remains an acquisition candidate," wrote Gremmels, whose firm makes a market in the company's securities. Thus, "we are comfortable with ... a current fair value of $33 to $36 per share."
 
Posted by portman on :
 
I exited in the $27's folks...what a run this puppy had.

I am going to hold off for a new entry point after next week.

I do like this company but it is a cyclical one. Someone here made me a nice chuck of cash. Just preserving the profits now.
 
Posted by cspaude on :
 
Nice call portman. What re-entry point are you looking for? I was actually looking for a bigger pull-back than today's(23's or so) before I buy more.
 
Posted by Jo4321 on :
 
Portman and Cspaude,

While I still have the majority of my position. I took some profits at $25.05 yesterday, thinking it would pull back more yesterday, but it went up! (that's the "jo effect")

Anyhow, it usually does come down, so I'm thinking $23.00's also.

there was another form 4 filed by Frank yesterday for $29,000 shares. Guess 750,000 was't enough.

Jo
 
Posted by cspaude on :
 
Jo, did you mean 29,000 shares or $29,000 worth of shares? I'm assuming 29K shares. hmmmm
 
Posted by cspaude on :
 
Nevermind, went and looked myself...29,000 shares over two days(May 14-15).
 
Posted by Jo4321 on :
 
oops, yeah 29,000 shares.
 
Posted by cspaude on :
 
I guess compared to the overall number of shares Kavanaugh has(1,447,787), 29K isn't a whole lot to be selling to make a few extra bucks. My question is, how will others take this and where will the stock price be going in the near term because of it?
 
Posted by Jo4321 on :
 
quote:
I guess compared to the overall number of shares Kavanaugh has(1,447,787), 29K isn't a whole lot to be selling to make a few extra bucks

Yeah, that's the way I wish he'd always sell. A "few" shares at a time.

But remember, he just sold 750,000 three weeks ago! Few extra bucks?

Jo
 
Posted by Jo4321 on :
 
Force Protection: Strong, Silent, Superb
http://www.fool.com/investing/general/2007/05/18/force-protection-strong-silent- superb.aspx

Rich Smith
May 18, 2007


A long time ago, in a high school far away, a good friend taught me a new word when he accused me of being "laconic." Upon grabbing a dictionary to find out just what the heck he was talking about (and whether I should be offended), I decided I liked it.

Derived from the Greek "Lakonikos," which refers to the Lacedaemon region of Greece from which the legendary Spartans hailed, the word is usually defined as "speaking with Spartan terseness."

What the heck are you talking about?
That's a roundabout way of giving military manufacturer Force Protection (Nasdaq: FRPT) the following backhanded compliment. Appropriately for a member of the warrior caste, the firm released a laconic Q1 2007 earnings report. It contained neither cash flow statement, nor balance sheet, nor income statement -- just a bare four paragraphs of text, followed by a suggestion that investors go to the SEC's website for further details.

You see, Force Protection is what we call a "story stock." People who own it, love it. They love it for its mission: producing unique armored vehicles that seem impervious to Iraqi improvised explosive devices (IEDs). They love it for its prospects, including contracts in conjunction with firms like General Dynamics (NYSE: GD) and Armor Holding (NYSE: AH) to produce "Cougar" and "Buffalo" armored vehicles for the U.S. military, "Mastiffs" for Britain's warfighters, and potentially thousands of armored vehicles for the still-nascent Iraqi Defense Forces.

What they don't necessarily love it for, or even pay attention to, or demand that their company detail in its actual earnings releases, are the numbers that show how much money this investment is earning for them.

Those who want to look behind the story are kindly directed to the SEC's website for such picky little details. There, you'll find that, year over year:

Force Protection grew its quarterly sales 188%, and its cost of goods sold 178%.
It more than tripled its gross profit, as gross margin rose 280 basis points to 21.8%.
Operating margin grew 220 basis points to 2.5% even as general and administrative costs rose nearly as fast as sales, and the firm septupled its spending on research and development.
Insatiable demand for its products held inventory growth to a mere 62%, and accounts receivable growth to just 22%.
With a story as good as the one Force Protection tells, it seems investors are willing to take the company on faith, to accept its laconic press releases, and to not demand that it make it easier to find the numbers that prove their faith well-founded.

More's the pity. Because this story sounds even better in numbers than it does in words.

What are Fools saying about Force Protection? Find out on Motley Fool CAPS.

Fool contributor Rich Smith does not own shares of any company named above.



--------------------------------------------------------------------------------
Legal Information. ©1995-2006 The Motley Fool. All rights reserved.

Previous Page
 
Posted by Livinonklendathu on :
 
OT:

Hey Jo, had some of your luck yesterday, sold AQNT at $36 [Mad]
 
Posted by Jo4321 on :
 
OH NO! I wish you were joking. Would you care to bang your head on the keyboard like I do when that happens?

Guess you'll have a story about the one that got away.

Jo
(PS: I Sold Sprint today at 20.74. Get in fast. LOL)
 
Posted by Jo4321 on :
 
Spartan Blasts Higher (FRPT mentions by, of all people, Melissa Davis)

http://www.thestreet.com/_yahoo/newsanalysis/manufacturing/10357753.html?cm_ven= YAHOO&cm_cat=FREE&cm_ite=NA
 
Posted by Slimpickens on :
 
LADSON, S.C., May 21 /PRNewswire-FirstCall/ -- Force Protection, Inc. (Nasdaq: FRPT - News) today announced its participation in The Robins Group Emerging Opportunities Investment Conference being held at The University Club in New York City on May 24, 2007 at 12:00 p.m. Eastern Daylight Time.
 
Posted by Jo4321 on :
 
Awesome, closed at an all-time high $28.40.
The "Jo effect" in action. Guess I won't be getting any $23.00 shares anytime soon.

Jo
PS: Sprint up too! Anyone want to subscribe to my newsletter where I tell you what I sell, so you can buy.
 
Posted by cspaude on :
 
Yeah I'm kicking myself for being greedy and waiting for the $23's to buy more.
 
Posted by TimW on :
 
$30!

Sunnuva!
 
Posted by PCola77 on :
 
Sign me up!

quote:
Originally posted by Jo4321:
Anyone want to subscribe to my newsletter where I tell you what I sell, so you can buy.


 
Posted by TimW on :
 
Ill co-write articles with Jo, i sold at 22.50.

I can provide statements from my account to also show several other sales that resulted in a direct increase of 10% + within days after the sale.

Glad im not alone in the premature sales group!
 
Posted by Mortimer on :
 
Sold half my shares on a chart play today - $29.25

For yall's sake (as well as mine as I still owe 10k worth), I hope I just pulled a Jo. Sorry Jo [Smile]
 
Posted by GlassCrasher on :
 
How did this go from 31 to 28?? Must be short selling
 
Posted by Jo4321 on :
 
quote:
How did this go from 31 to 28?? Must be short selling
It's the Mortimer effect [Smile]

I wasn't even home to see FRPT touch $31.00. I used to have a GTC sell in for $29.00 from when the stock was about $15.00 but I took it out a few days ago. Sorry.

Jo
 
Posted by Mortimer on :
 
quote:
Originally posted by GlassCrasher:
How did this go from 31 to 28?? Must be short selling

I don't know when it officially hit the wire, but maybe the early 31 was a knee jerk reaction to this?: http://www.cnn.com/2007/POLITICS/05/22/war.funding/index.html

Trust me Jo, I usually don't get any candy when I make contact with the pinata. But occasionally, a few pieces fall inside my shirt behind my neck or get caught along the blindfold on my head [Razz]
 
Posted by Jo4321 on :
 
[Big Grin] [Big Grin] at that image.
 
Posted by Jo4321 on :
 
ALERT! I sold GME this morning at $36.30
 
Posted by Jo4321 on :
 
Anyone buy on my alert?
GME $37.20 now.

Sigh...
Jo
 
Posted by PCola77 on :
 
Jo, I never got the e-mail [Wink]
 
Posted by Jo4321 on :
 
Next time PCola! Looks like you'd have had to get in and out of that "jo play" quickly, though, as GME is now heading downward.

STILL, I sure wish I had waited and sold at $37.00 or so. Profit is profit though, no use looking back

Now back to FRPT, which is holding steady at $28.00.
 
Posted by Jo4321 on :
 
Thestreet.com now recommends FRPT as its no. #1 "Defense Stocks that Could Climb"

http://videoplayer.thestreet.com/?clipId=1373_10358557&channel=Market+Strategy&c m_ven=YAHOO&cm_cat=&cm_ite=&puc=yahoo&ts=1179941339131


Some excerpts:

....We went through to try and figure out who the winners are and also, we wanted to figure out who the winners are no matter who became president in the next election. And we came up with the MRAP program....

...We think the winners are going to be Force Protection and Spartan motors because they're a pure play on the MRAP program....

...Force Protection is a great takeover candidate...
 
Posted by Jo4321 on :
 
Force Protection Industries, Inc.*, Ladson, S.C., is being awarded $11,991,406 for firm-fixed-priced delivery order #0006 under previously awarded firm-fixed-price, indefinite-delivery/indefinite-quantity contract (M67854-07-D-5006) for 14 Mine Resistant Ambush Protected (MRAP) Category III Buffalo vehicles.

The Buffalo is a mine-resistant, route clearance type vehicle that is needed in convoy operations. Work will be performed in Ladson, S.C., and work is expected to be completed by April 2008. Contract funds in the amount of $11,991,406 will expire at the end of the current fiscal year. This contract was not competitively procured. The Marine Corps Systems Command, Quantico, Va., is the contracting activity.
 
Posted by Jo4321 on :
 
NBC News!

http://video.msn.com/v/us/msnbc.htm?g=A18DA2F9-3AAC-4B12-91DF-D14D749668F4&f=00& fg=copy

CBS News:

http://www.cbsnews.com/sections/i_video/main500251.shtml?id=2854480n
 
Posted by Igor R on :
 
Damn, been sort of in and out of the thread for close a year now, but never bought into the stock. And I just looked at the 1 year chart, $3+ into a 52 week high of $31 i believe. Damn, I wish I did now LOL.
 
Posted by Jo4321 on :
 
I got to see an FPI vehicle in real life over the weekend!

We were camping with relatives in Central PA. We were following them in our car when all of the sudden, my dh says, "Look! There's one of your trucks!"

There, sitting in a parking lot atop a flatbed that had no rig attached was an ILAV! We turned around and pulled into the parking lot and got a good look and took some photos.

It was pretty exciting to see one in "person" for the first time. Course, we had to explain to the relatives why we took a quick U-turn while following them!

Jo
 
Posted by Jo4321 on :
 
Record high close!
 
Posted by Mortimer on :
 
And it's not because you sold shares! Right?

Jo, how about a pic of that ILAV?
 
Posted by cspaude on :
 
Has anyone done much with options, especially with FRPT? I was looking at getting in on the June $35 contracts at $.35/contract but got caught up in other stuff today. It moved to .50 today. That'd be nearly 50% gain in a day, right?
 
Posted by T e x on :
 
have you asked over here?
 
Posted by cspaude on :
 
quote:
Originally posted by T e x:
have you asked over here?

Not sure what you're trying to say there or if it was even directed to me. No I've never asked before now.
 
Posted by Jo4321 on :
 
Mortimer,
Believe it or not, I DID sell some shares this morning at $29.50 so once again I gave away some profit. I have the absolute worse timing. I still hold all my long term shares. But my trading shares are getting less and less. I figure the only good thing is that if there is one of those crazy drops that seem to happen with FRPT, at least I will not notice it as much.

I do have a few photos of the unattended ILAV, but because I am not sure if they might show something that is new, I don't want to post them on the internet. I did post them on IV the other night, but then I decided I better not, so I deleted them. Some of them are pretty close up.

Jo
 
Posted by T e x on :
 
Jo, just leaning over your shoulder a bit...sounds as though you're beating yourself up for not hitting the highs on your exit...

excuse my French, but that's "macho chit"...

You *have* turned around all the losses, from when we had that thread concerning such...right?

Things are better, yes?
 
Posted by Jo4321 on :
 
quote:

sounds as though you're beating yourself up for not hitting the highs on your exit...

I'm not really beating myself up, Tex. I just have begun to find it humorous how often I sell right before a stock goes up. ( If anyone wants to get in CTB or ZEUS, I sold them over the past two days:D )
quote:

You *have* turned around all the losses, from when we had that thread concerning such...right?

Things are better, yes?

Oh yes, things are much better, since that thread. With help and advice from many of you, I was able to turn it around am actually making money. If anyone wants to read the original "Phoenix Thread" http://www.allstocks.com/stockmessageboard/ubb/ultimatebb.php/ubb/get_topic/f/9/ t/001679/p/1.html.
I just went back and read over it and I had to laugh again about some of the things I sold. I was happy that I sold Apple at $70.00. DANG! If I only knew. But profit is profit. I have been in the green since September 18th.

Just for fun I went back and did the figures from back when that thread started in July. My regular trading account is now up 26.5% and my IRA is up 41% (after taking out the contributions).

The reason I am kind of going off-topic in the FRPT thread is that I really don't think I would be in the position I'm in if it weren't for FRPT. This stock has been a saving grace for me. If the buyout rumors turn out to be true, it will be a sad day for me!

Jo
 
Posted by cspaude on :
 
Any explanation for today? Good time to buy if there's no specific news to go with it.
 
Posted by TimW on :
 
Id like to know the same.. From the history lately this is about normal pullback before the next move.. Good entry i would think, unless someone out there knows a reason why its dropped otherwise.
 
Posted by cspaude on :
 
I looked but found nothing. Jo seems to find all the obscure news articles. If it's just profit taking with a few shorts, I'll be watching in the morning.
 
Posted by cspaude on :
 
Not so obscure news now. Navistar awarded $623M contract for 1,200 vehicles. Biggest yet.

http://biz.yahoo.com/ap/070531/armored_vehicles_contract.html?.v=3
 
Posted by cspaude on :
 
So here's what I'm thinking.....FRPT was the only player in the MRAP program that took such a large hit today. Granted some of the others are leveraged in other ways. Maybe the pullback wasn't warranted considering there's possibly another 15,000 vehicles left to be contracted? But how many more vehicles are people expecting FRPT to be awarded?
The other thing is that I'm almost positive we'll hear from thestreet's Melissa D soon. This one will be tough to figure out short term.
 
Posted by Jo4321 on :
 
Well, at least I can buy those $29.50 shares back. [Smile]

It does seem like a bit of an overreaction to the Navistar contract news to me, but then, we should be used to it with FRPT.

Melissa hasn't been as negative lately, but I'm sure she could spin this to make it sound terrible.

Jo
 
Posted by T e x on :
 
quote:
Originally posted by Jo4321:
quote:

sounds as though you're beating yourself up for not hitting the highs on your exit...

I'm not really beating myself up, Tex. I just have begun to find it humorous how often I sell right before a stock goes up. ( If anyone wants to get in CTB or ZEUS, I sold them over the past two days:D )
quote:

You *have* turned around all the losses, from when we had that thread concerning such...right?

Things are better, yes?

Oh yes, things are much better, since that thread. With help and advice from many of you, I was able to turn it around am actually making money. If anyone wants to read the original "Phoenix Thread" http://www.allstocks.com/stockmessageboard/ubb/ultimatebb.php/ubb/get_topic/f/9/ t/001679/p/1.html.
I just went back and read over it and I had to laugh again about some of the things I sold. I was happy that I sold Apple at $70.00. DANG! If I only knew. But profit is profit. I have been in the green since September 18th.

Just for fun I went back and did the figures from back when that thread started in July. My regular trading account is now up 26.5% and my IRA is up 41% (after taking out the contributions).

The reason I am kind of going off-topic in the FRPT thread is that I really don't think I would be in the position I'm in if it weren't for FRPT. This stock has been a saving grace for me. If the buyout rumors turn out to be true, it will be a sad day for me!

Jo

good stuff [Wink]
 
Posted by Jo4321 on :
 
Here's an excerpt from a Bloomberg article with some comments from FPI. I don't know, I think we're in for some crazy trading tommorrow.
----------------------

Navistar Wins $623 Million Blast-Proof Truck Award (Update4)
2007-05-31 18:18 (New York)

The contract exceeds the $481.4 million order given to Force Protection Inc. for 1,000 vehicles in April and smaller awards to four other manufacturers.

The Navistar vehicle is a new truck called the International MaxxPro. Roy Wiley, spokesman for Warrenville, Illinois-based Navistar, declined to provide details on the
vehicle.

``While it's not battle-tested, it certainly has been field tested,'' Wiley said. ``It came through all those tests with flying colors.''

Shares of Navistar rose $2.50, or 4 percent, to $64.89 at 4p.m. New York time in over-the-counter trading. Ladson, South Carolina-based Force Protection dropped $1.80, or 6 percent, to $28.47 in Nasdaq Stock Market composite trading.

`We Were Shocked'

``We were shocked the order went to a vehicle with no track record,'' said Force Protection Vice President Michael Aldrich.
``We know the government intends to buy from multiple manufacturers. The size of that order, to that vehicle system, is a bit surprising.''
 
Posted by Schopenhauers Dog on :
 
There's been much speculation on the Defense Dept. seeking out other vendors for MRAP-type technology. Navistar is just one of those vendors.
 
Posted by Jo4321 on :
 
Yeah, we knew they would get an order. Just kind of surprised (shocked?) that it was so large.

Welcome to the boards and especially to the FRPT thread, Schopenhauers Dog!

Jo
 
Posted by Schopenhauers Dog on :
 
quote:
Originally posted by Jo4321:
Yeah, we knew they would get an order. Just kind of surprised (shocked?) that it was so large.

Welcome to the boards and especially to the FRPT thread, Schopenhauers Dog!

Jo

Thanks, Jo. I've been lurking here for about 9 months, reading every thread...just trying to learn as much as possible before I jump in! [Smile]
 
Posted by cspaude on :
 
Finger's on the trigger to buy more, possibly at EOD.
 
Posted by Jo4321 on :
 
This article was posted over at IV, but it has not been on any of my ticker streamers yet (Fidelity, TDA) nor on Yahoo Finance or Google Finance. This is great news:


Force Protection Develops Truck Armor for Most Powerful Bombs
2007-06-01 11:34 (New York)


By Edmond Lococo
June 1 (Bloomberg) -- Force Protection Inc., a maker of mine-resistant trucks for the U.S. Marine Corps, has developed
an armor kit to make the vehicles safer from the most powerful bombs now being used by Iraqi insurgents.

The kits, which cost about $150,000 for the company's Cougar vehicle, are made of a new composite material that Force
Protection won't identify or describe for security reasons, Vice President Michael Aldrich said in an interview.

Force Protection began developing the kits after the first fatal detonation near one of its vehicles killed three U.S. troops in Iraq last November, he said. Prior to that attack with
a powerful new bomb called an explosively formed penetrator, or EFP, the company's Cougar and Buffalo vehicles had been used in Iraq and Afghanistan without a fatality since 2003.

``We have seized an opportunity to counter that threat,''Aldrich said in a phone interview yesterday from company
headquarters in Ladson, South Carolina. ``It's not more steel.
It's a new material solution.''

The kits could be applied to the company's own vehicles as well as those of other manufacturers including the Stryker
transports made by Falls Church, Virginia-based General Dynamics Corp. and the Bradley fighting vehicles made by London-based BAE
Systems Plc.

The kits have been through three rounds of testing,including one by the company and two by the military, Aldrichsaid. Marine Corps spokesman Bill Johnson-Miles said he didn't
immediately have information available on the kits.

Faster Acquisition

Faster acquisition of blast-proof trucks to improve safety for U.S. troops in Iraq is the Pentagon's top procurement
priority, Defense Secretary Robert Gates said May 9. U.S. forces last month suffered their deadliest month in Iraq since November
2004, with at least 123 killed, according to Pentagon data. Homemade bombs have accounted for 61 percent of the 2,793 U.S.
combat deaths in the conflict as of May 19.

The Marine Corps has said the new trucks, which deflect explosive force with V-shaped hulls, are four times safer than
flat-bottomed Humvee transports. The Marines are leading efforts to buy the new vehicles and may spend $8.4 billion over two
years for as many as 7,700 trucks. The U.S. Army said last monthit may need 17,000 of them valued at $19.4 billion through 2009.

Force Protection developed the armor kits with its own funds and doesn't have any contracts for them yet, Aldrich said.

An explosively formed penetrator has a liner in the shape of a shallow dish which, on detonating, is transformed into a
hypervelocity metal projectile that is able to penetrate many types of armor. The U.S. in March accused the Iranian government
of providing the deadly new weapons to insurgents in Iraq.

Vehicles Need Armor

Force Protection investor Don Cochran, with more than 100,000 shares, said he believes new vehicles will have to carry
the EFP armor.

``EFP protection is not currently in the requirements because the military is focused on defeating more common improvised-explosive devices,'' Cochran said. ``My guess is new vehicles will have to have EFP protection and Force Protection is there; they have the technology.''

Shares of Force Protection dropped $1.71, or 6 percent, to
$26.76 at 11:32 a.m. New York time in Nasdaq Stock Market
composite trading. They have climbed almost sixfold in the past
year.

--Editor: Zahradnik.
 
Posted by cspaude on :
 
Great article. Good to see they're expanding their product line. I pulled the trigger feeling that it's reached its lows for the day.
 
Posted by cspaude on :
 
For any of you NASCAR fans, FRPT was the main sponsor of a Busch Series car for Saturday's race. Got a bit of camera time when the driver was spun out late in the race. Not sure if the cup race has a FRPT sponsored car...race postponed til Monday.
 
Posted by Jo4321 on :
 
Hmmm, speaking of "spun out". FRPT is having another one of those crazy drops again.

I bought back those $29.50 shares at $29.25, 28.48 and 27.00.

Looks like I could have waited even longer.

Find it hard to believe that the Navistar order could have caused this much panic. Perhaps its just part of the general market.

Jo
 
Posted by cspaude on :
 
Yeah I bought in at 26.84 and thought I did a good job. Hmmm.
 
Posted by Jo4321 on :
 
You did better than me, cspaude!

To top it off, I had a GTC order in my regular account that I forgot about. I put it in when I sold some off for $26.90. I figured I'd buy back in when it went a dollar lower, but that was when it took off and went to the $30.00's. Needless to say, I now have even MORE shares for $25.80.

Best not to panic. Last time I panic-sold was at $15.88. What a mistake that turned out to be.

Still, it isn't pretty seeing your portfolio go down by these huge amounts.

Interesting though, the "jo effect" was very short lived on this one!

Jo
 
Posted by cspaude on :
 
I think this is why we're down. I think people have been taking the all or nothing approach to FRPT. With a new product and the possibility of the Army wanting thousands more, this stock still has a lot of room.
-------------------------------------

Wall Street Expects Armored Vehiclec contracts in Next 2 Weeks, General Dynamics, BAE on List


WASHINGTON (AP) -- Wall Street analysts predict several contracts will be awarded the next two weeks for armored vehicles needed by U.S. forces in Iraq.
In a note to investors Monday, Stanford Group Co. analyst Josephine Millward, said she expects the Pentagon to dole out three to four contracts worth up to $2.4 billion total for Mine Resistant Ambush Protected, or MRAP vehicles by mid-June.

Millward named the U.S. subsidiary of British defense contractor BAE Systems PLC, Oshkosh, Wis.-based Oshkosh Truck Corp. and Jacksonville, Fla.-based Armor Holdings Inc. as companies likely to get the next MRAP deals.

The military is pressing to get several thousand MRAPs to Iraq as soon as possible because they are considered more effective than Humvees currently in use at protecting soldiers from roadside bombs and other explosive devices.

Cowen and Co. analyst Cai von Rumohr said Falls Church, Va.-based General Dynamics Corp. is well poised to win another MRAP pact as the only company with experience in two lines of armored vehicles: the Marine Corps' Cougar and the Army's RG-31.

"DoD's apparent pattern in making the two major MRAP orders to date with Force Dynamics and Navistar has been to give initial production contracts to vehicles that pass the MRAP tests," said von Rumohr, in a note to investors.

Nine companies were selected earlier this year to each build four test vehicles. A Marine Corps-led joint program is awarding contracts as testing on those units is completed.

The Defense Department wants to buy 7,774 MRAP vehicles expected to cost $8.4 billion this fiscal year. If approved, the military may seek to get funding up to $20 billion in future years for as many as 18,000 MRAPs.

Millward wrote in her note that contractors that do not pass initial testing may team with other approved companies to meet production targets of 1,000 MRAP units per month through year-end.

Two contracts have been awarded this year. Warrenville, Ill.-based Navistar International Corp. won a $623.1 million deal to build 1,200 armored vehicles, and Ladson, S.C.-based Force Protection Industries Inc. earned a $490 million pact to build 1,000 MRAP vehicles. Force Protection is teaming up with General Dynamics under a joint venture called "Force Dynamics" to increase production capacity for future contracts.

The MRAPs, designed with a V-shape hull to repel improvised explosive devices, will replace armored Humvees made by privately held AM General Corp.

General Dynamic shares fell 37 cents to $79.51 in midday trading while Oshkosh shares rose $1.16, or 1.9 percent, to $62.46. Armor Holdings shares dropped 17 cents to $85.78 in midday trading and Force Protection shares jumped $2.54, or 9.2 percent, to $24.88
 
Posted by Mortimer on :
 
Stop loss kicked in at 27.60 I am now completely out of this stock but definitely watching it closely for a possible new entry for a long position.

For now and for me, there are a few other bulls to ride out there.
 
Posted by Jo4321 on :
 
quote:

I think this is why we're down. I think people have been taking the all or nothing approach to FRPT. With a new product and the possibility of the Army wanting thousands more, this stock still has a lot of room.

Yep, it's all or nothing for some folks. I don't know why it would effect it so much. I mean, we are down over 11% right now, on top of being down the past two days.

This most recent MRAP program is not all FRPT has. There are the Buffalos, the ILAV's, the new armor, and even the possibility that the Cheetah will be used as a humvee replacement. I just don't get it.

That article really does make it sound like Force won't get another order until OSK, GD and BAE do. But I would think it was possible that we'd get another one as well.

I'm not watching anymore today. I didn't sell this morning, so I certainly don't want to be panicked into selling at a bottom again.

Jo

PS: Good use of the stop/loss Mortimer. Everytime I've had a stop loss hit with FRPT, it went up afterwards. Looks like yours was a good one!
 
Posted by Mortimer on :
 
My portfolio wouldn't be near it was today if not for FRPT, but I had so much of it in this that it really wasn't healthy for it and for me. $5k up/down daily swings kinda stress me out as I really still consider myself new to trading so how to react/respond to this type of action is tougher for me to figure out I think. I'm also trying a few things to not only protect my capital, but also protect any gains or minimize losses. Just trying to learn and figure out what is or is not working for me.

I really do like this company, their product, and their potential business opportunites. I just really need to settle on a portfolio %age that I feel comfortable to "set it and forget it".
 
Posted by cspaude on :
 
Now the news shows Frank sold a bunch of shares last week, possibly leading people to believe that he knows something we don't yet. Then again, he's sold shares all throughout this climb. Nothing new there.
 
Posted by Jo4321 on :
 
You Can Win By Thinking Big
by Timothy Lutts
June 4th, 2007

http://www.cabotwealth.com/2007/06/04/you-can-win-by-thinking-big/

A week ago, on Memorial Day, I wrote about Force Protection (FRPT), the maker of armored vehicles that’s grown very rapidly in recent quarters and expects continued growth as the government ramps up its program to replace Humvees in Iraq with vehicles that can better protect the troops.

Back then the stock was trading a shade above 28, and I wrote, “Ideally, you want to buy when the stock corrects to its 25-day moving average down around 25. That’s also the level where the stock met resistance back in January, so it should act as a floor.

“And if the stock fails from there, you cut your loss short; nothing is guaranteed in this business. But if you manage your risk properly (buying at the right point is very important in this regard), stories like Force Protection can pay off very well.”

In the four trading days that followed, the stock climbed to 30 and then fell - on big volume - back to 26, following the news that the Department of Defense had awarded Navistar a $623 million contract to build 1,200 armored vehicles.

Now, the novice looks at these developments and says, “This doesn’t look good. A new competitor has snuck in to Force Protection’s territory. And the stock is down from 30 to 24. Maybe I should sell now and get out before it gets worse.”

The more experienced investor says, “It’s hit 25, which Lutts said would be an ideal entry point. I think I’ll put in my buy order.”

The difference, you see, is that the novice investor bought immediately following my recommendation, while the experienced investor has been waiting to buy at the right time and the right price.

In four days the novice has lost some money; the experienced investor hasn’t.

But what about the news? Well, it may mark a top for the stock, but I think it’s more likely an excellent example of what we like to call “superficial bad news.”

Remember, the DOD may award some $8 billion worth of contracts for new armored vehicles, and Force Protection has 81% of the market to date. Under the Army’s Mine Resistant Ambush Protected (MRAP) vehicle program, the government will order about 23,000 armored vehicles, so this award to Navistar is just 5% of that program.

There’s no doubt the Army wants to spread the awards out, so it can get its vehicles faster. Knowing that, the Navistar award is not unexpected. But Force Protection still has the inside track to receive a big chunk of the orders, so nothing has changed in the big picture.

So why is the stock down? One, because some traders sold on the news. And two, because the stock needed to come down. If you simply look at a chart, that is plain. In fact, on Friday, the stock nearly kissed its 25-day moving average, which had climbed to near 26, before it rebounded to top 27.

But there’s that heavy volume to consider. When stocks sell off from their peaks on three times average volume, it sometimes marks the end of the advance . . . but there’s no way to know until later.

So how to play it? If you haven’t bought yet, you want to wait until the correction is over. The maxim for this situation is, “Don’t try to catch a falling knife.” Today, the stock fell to 24, a level that offered resistance in April and May. As the days go by the picture changes, and interpretation will change, too.

And if you bought high? Work hard to keep your loss small, and next time don’t buy until you have a lower-risk setup.

==

Editor’s note:

To get a buy-hold-sell rating on Force Protection every week, you need a subscription to Cabot Top Ten Report. You’ll also get professional fundamental and technical analysis of the ten hottest stocks in the market, all delivered to your email in-box every Monday after the market close. To get started with a no-risk trial subscription, simply click the link below.

http://cabotmail.net/t/193249/12648527/81/0/
 
Posted by TimW on :
 
quote:
Originally posted by cspaude:
Now the news shows Frank sold a bunch of shares last week, possibly leading people to believe that he knows something we don't yet. Then again, he's sold shares all throughout this climb. Nothing new there.

It at least shows that they were pre-arranged sales.

The days though, right near the highs, in the 30's. Talk about timing.
 
Posted by Jo4321 on :
 
It would have been better had that PR been released last week. The form 4 was filed then. Having it released today, just played into the already panicky mood.
 
Posted by cspaude on :
 
quote:
Originally posted by Jo4321:
It would have been better had that PR been released last week. The form 4 was filed then. Having it released today, just played into the already panicky mood.

I totally agree. I'm hopeful that if FRPT doesn't get the next few contracts it's already priced in and any news confirming such will have a much smaller negative impact. I am still very optomistic that this stock has not hit its highs yet. It just may not come as soon as anticipated.
 
Posted by Schopenhauers Dog on :
 
My concern about FRPT at this point are that so many other big boys are jumping into this game: General Dynamics, Oshkosh Trucks, and Armor Holdings...just to name a few. I see all of them chasing the same dollar here, and that is preventing me from jumping in to FRPT.

http://biz.yahoo.com/ap/070518/army_armored_vehicles_contract.html


Thoughts?
 
Posted by Jo4321 on :
 
There is enough business to go around. Force Protection will be able to sell all they make. (Plus they do have the BEST!) They don't need to make ALL the vehicles to be profitable.

Look at the charts....and Think about it:


- Does Goodyear (GT)need to make ALL the tires on every car made to be profitable? No because look at Cooper Tire (CTB)

- Does everyone in the country have to buy a Sprint phone in order for Sprint to be profitable? (No, look at ATT&T?)

-Does Google have to be everyone's search engine....Oh, nevermind about that one! LOL

My point is that people are overreacting to the fact that other companies will get contracts. Better FPI gets enough contracts to keep it busy and profitable, while other contracts go to other vendors to get the trucks to the troops faster.

Jo
 
Posted by Schopenhauers Dog on :
 
Good points, Jo. But being MRAP technology is such a (relatively) new industry as compared to telephones and tires, it's hard for me to determine the effect multiple competition will have on Force's prospects.

GOOG is a good example of this... search engines are also a relatively new industry.
 
Posted by Jo4321 on :
 
But Force Protection IS the Google of MRAP technology.
 
Posted by Livinonklendathu on :
 
Back in today for a few.
 
Posted by Schopenhauers Dog on :
 
quote:
Originally posted by Jo4321:
But Force Protection IS the Google of MRAP technology.

Touche'

[Smile]
 
Posted by Jo4321 on :
 
How long you staying, Livinonklendathu? You seem to have a knack for getting in and out at the right time.

Jo
 
Posted by cspaude on :
 
quote:
Originally posted by cspaude:
The other thing is that I'm almost positive we'll hear from thestreet's Melissa D soon.

hahah, I wish I could make money off predicting this woman. I knew she wouldn't be able to pass up kicking FRPT when they're down.
 
Posted by Jo4321 on :
 
I thought of you as soon as I saw the article. It's wasn't that bad, more of a rehash of the past few days. And, I suspect that most of the negatives are already priced in.

Sure would be nice to stay about $25.00 for the close today.

SPAR is rallying.

Jo
 
Posted by zeppers11 on :
 
I have a few questions for everyone. First, why did FRPT go down so much in the past 3 days? Second, why did SPAR go up so much in the past 3 days? Third, why aren't FRPT and SPAR more closely Correlated? And fourth, will SPAR benefit from Navistar getting the recent contract?
 
Posted by Livinonklendathu on :
 
quote:
Originally posted by Jo4321:
How long you staying, Livinonklendathu? You seem to have a knack for getting in and out at the right time.

Jo

Day by day with this puppy, could be out tomorrow if the water gets cold [Smile]
 
Posted by Jo4321 on :
 
Though SPAR is up nicely today, it took a pretty good dive yesterday. From open at $37.54 (52-week high) all the way down to close at $34.53)
 
Posted by cspaude on :
 
I think SPAR takes less of a beating because they're more than one outlet for their product and also that their name doesn't get put up on the cross with FRPT when negative news happens. They could just as easily supply the winning companies with chassis if needed I'm sure.
 
Posted by Jo4321 on :
 
Also, SPAR just announced a 3-2 stock split.
 
Posted by Jo4321 on :
 
6/6/07 - 'We're saving lives,' say armored-vehicle makers

http://www.signonsandiego.com/news/nation/20070606-9999-1n6seeking.html


DESPERATELY SEEKING AMERICA
'We're saving lives,' say armored-vehicle makers


By Susan White
UNION-TRIBUNE STAFF WRITER


June 6, 2007




As we've traveled across the United States for the past three weeks, one thing has become clear: People are frustrated with the war in Iraq, and what frustrates them most – whether they support the war or oppose it – is their powerlessness to do anything about it.
But in Ladson, S.C., we met one man – retired Marine Col. Wayne Phillips – who doesn't fit that category.

Phillips works for Force Protection, one of eight companies building the Mine Resistant Ambush Protected vehicles the Marines and Army are suddenly ordering in large quantities. The heavily armored vehicles have v-shaped bottoms that make them far safer than the vehicles most of the troops are riding in now. They can withstand the improvised explosive devices that have killed so many troops. And they offer more protection against the enemy's newest weapon of choice, the explosively formed penetrator.

“We're saving lives, and I'm a tiny portion of that,” Phillips said as he walked us through the old General Electric plant in Ladson, where Force Protection has set up its manufacturing operation. “It makes you feel you're doing something important.”

When the United States was fighting World War II, Americans were asked to conserve gasoline, buy War Bonds, work in defense plants, plant Victory Gardens, make bandages, greet troops at USO clubs and wear their tires down to the cord to save precious rubber.

Today, after years of fighting in Iraq and Afghanistan, the only civilians being asked to make personal sacrifices are those whose family members are serving in the military. The rest of us continue to shop and live our lives as usual. What else are we supposed to do?

That's where workers at Force Protection and other companies producing items essential to the troops have an edge over the rest of us. As Phillips kept saying as we walked through the vast – 500,000 square feet – manufacturing area, “the best thing about working here is that we are saving lives.”

A gigantic U.S. flag stretches about three stories tall above one of the manufacturing bays, where huge cranes lift the various parts into place.

The company Web site features testimonials from troops describing how the vehicles saved them. A Marine stopped by last winter to express his gratitude in person, and work was stopped so everyone could listen.

About a year ago, Force Protection had 350 employees and was building at most 12 vehicles a month. Today, it has almost 1,000 employees and is producing 100 vehicles a month.

Every time the company gets a new contract, it ramps up again. Phillips said they think they can increase production to 400 or 500 a month with three shifts of workers. The company's executives, many of whom work on folding tables crammed side by side into a nondescript room, are already working 60 to 80 hours a week.

Force Protection has been listed on the Nasdaq stock exchange since Jan. 18 and is clearly prospering. But Vaughn Williams, senior director of manufacturing, said the goal is more than making money.

“This is a war, and we've got to protect our troops as fast as we can,” he said. “We're doing it for the right reasons. We would work more if we could physically do it.”

As part of our tour, Phillips, vice president of business development, invited us to climb into the Buffalo.

It weighs 23 tons and has tires so big that they reach almost to my shoulder. The seats were wrapped neatly in plastic, and it still had that clean, new-car smell.

As we were leaving, Phillips, who is in his mid-50s, mentioned that his son is in the Navy and that some of the Marines he once commanded are fighting in Iraq. He'd like to be with them, he said. But at least he is doing this, which is something.
 
Posted by Jo4321 on :
 
This stock is getting bullied today. Here's the transcript to a video on thestreet.com:

http://videoplayer.thestreet.com/?clipId=1373_10360996&channel=Market+Strategy&c m_ven=YAHOO&cm_cat=&cm_ite=&puc=yahoo&ts=1181154632005

quote:
Host: Victor wants to know about Force Protection. It has been on his buy list for quite some time, I guess he wishes he had bought it sooner. It has run up on some rumors about the military contracts, and it seems to have taken a small dip. Maybe an understatement the past few days. Is it a good buy at these levels.

David: I would hold off on buying it for now. The dip was for a reason.

Host: Yeah, Navistar got a contract late last week that a lot of people thought Force Protection was gonna get.

David: Basically and according to a pretty good research note, that came out a couple of days before that there are several other companies that may be in line ahead of Force Protection when it comes to even more awards coming out.

Host: Interesting. And there's also some insider selling, came out yesterday, the stock got hit on that news as well. And more to the point, this has been a huge momentum play the past 6-8 months. I know you're a value guy, but is this a broken momentum stock at this point.

DAVID: I don't know about broken, but at the same time I think the stock's up like 40% on the year. If the news flow, if the competition is heating up and the company makes, uh, I believe it's armored vehicles that the army uses, that uh, er are not entered by mine blasts, so I mean it's important stuff and I think the military is going to continue to order these things.

Host: The question is from which companies.

DAVID: From whom? Right
Okay, the stocks at about $25.00 now, I think if it gets closer to $20.00 or even to the high teens, it will start to price in some of that competition.

Host: Okay, still a little too rich for your blood, so they say.


And there was also an article on Motley fool with this headline:


Force Protection's Shredded Storybook

http://www.fool.com/investing/general/2007/06/06/force-protections-shredded-stor ybook.aspx
 
Posted by glassman on :
 
i used to like Motley Fool, til they got into the shorting game..
 
Posted by minkybodl on :
 
A positive article from IBD today,

http://www.investors.com/editorial/IBDArticles.asp?artsec=7&issue=20070606
 
Posted by Jo4321 on :
 
Thanks, Minkybodl, I was exasperated today with the two negative articles. Nice to see a well balanced, fair article.

Not sure how the market will react to the "third quarter" comment. Even though that is only next month, seems everyone is fickle lately.

Jo
 
Posted by Jo4321 on :
 
The plot thickens.....


Force Protection Offers to Double Blast-Resistant Truck Output
2007-06-07 10:15 (New York)


By Edmond Lococo
June 7 (Bloomberg) -- Force Protection Inc., a maker of mine-resistant trucks, has offered a plan to the U.S. military to
double output during the next 18 months to speed delivery of the vehicles to troops in Iraq.

The company offered to produce a total of 12,000 of the Mine Resistant Ambush Protected vehicles, or MRAPs, by the end of 2008 through a joint venture with General Dynamics Corp., Michael
Aldrich, a vice president of Ladson, South Carolina-based Force Protection said in an interview today.

Reaching the target would require boosting manufacturing to 800 vehicles a month, compared with current plans for 400, Aldrich said. U.S. forces suffered in May their deadliest month
in Iraq since November 2004, and Defense Secretary Robert Gates said May 9 that faster acquisition of blast-resistant trucks is
the Pentagon's top procurement priority.

Force Protection has received the second-largest order for the trucks to date: a $481.4 million contract for 1,000 of the
vehicles awarded in April. It produces the trucks through its joint venture with Falls Church, Virginia-based General Dynamics.
The largest MRAP order so far went to Navistar International Corp. in Warrenville, Illinois, last month for $623 million to
build 1,200 trucks.

Force Protection won't raise output without additional military contracts, Aldrich said.

``It would be improper for a publicly traded company to ramp up on its own initiative and spend a lot of shareholder money possibly in the wrong direction,'' Aldrich said.

U.S. Marine Corps spokesman Bill Johnson-Miles said he didn't immediately have information on the production plan.

Shares of Force Protection gained $1, or 4.2 percent, to $25.12 at 10:04 a.m. in Nasdaq Stock Market composite trading.
Before today, they had risen 39 percent so far this year.

--Editor: Zahradnik
 
Posted by Jo4321 on :
 
New Motley Fool mention:

http://www.fool.com/investing/high-growth/2007/06/07/5-unloved-growth-stocks.asp x

5 Unloved Growth Stocks

Tim Beyers
June 7, 2007


Want a surprise? There's not much difference between us rebel investors at Motley Fool Rule Breakers and our cheapskate cousins at Inside Value. We both seek to profit from mispriced stocks.

The key difference is that while Philip Durell and his bargain bunch have no problem buying into pessimism, we rebels prefer to buy into skepticism. That is, we believe the ***********s in the making, while not often cheap by the numbers, are always misunderstood. That's what makes them excellent value stocks.

Anatomy of a ***********
Think of NYSE Euronext (NYSE: NYX), which David Gardner picked in February 2005, when it was still the highly disruptive Archipelago Holdings, owner of an electronic stock exchange that was steadily gaining ground.

It was anything but an obvious pick. Archipelago, after all, wasn't a fast mover at that point. Revenue growth had temporarily gone flat by the time of the recommendation.

Most investors overreacted to that blip. Some even bet against Archipelago by going short. Not David. He remained focused on the superior economics of electronic trading, figuring it would become a multibillion-dollar business so long as investors continued to put money into stocks.

Months later, the New York Stock Exchange bid $400 million for Archipelago. And today, the stock is a four-bagger for Rule Breakers subscribers.

Let the haters be your friends
That's why David and his team still seek misunderstood growers. You can, too, with the help of our completely free-of-charge Motley Fool CAPS investor-intelligence database, which currently contains information on more than 4,600 stocks.

CAPS applies user input to rate stocks from one (low) to five (high) stars. Using CAPS, we're going to search for one- and two-star stocks that have at least 5% of their shares outstanding sold short but are expected to grow earnings by no less than 15% over each of the next five years.

Let's have the list
Now, with that preamble behind us, here are five unloved growth stocks:

Company
CAPS Rating
Short Interest
5-Year Growth Estimate

Force Protection (Nasdaq: FRPT)
**
13.2%
30.0%

ICU Medical (Nasdaq: ICUI)
**
16.3%
16.0%

Deckers Outdoor (Nasdaq: DECK)
**
15.2%
15.3%

Advanced Micro Devices (NYSE: AMD)
**
13.3%
15.2%

Rural Cellular (Nasdaq: RCCC)
**
5.1%
15.0%

Sources: Motley Fool CAPS, Yahoo! Finance.

Bear in mind that this isn't a list of recommendations. Instead, I offer these stocks as candidates for further research. But of these five, it's ICU Medical, which produces intravenous devices meant to protect health-care workers from disease, that interests me the most. CAPS All-Star tmd6966 explains the thesis:

New product launches, extremely efficient [manufacturing] process. Cost-cutting measures will begin to expand operating margins, new products will have similar effect, sitting on [more than $8] cash per share for possible acquisitions.

Intrigued? Do your own due diligence, and then check in with thousands of other investors at CAPS. And if you'd like, add your own commentary. You'll be helping your fellow Fools and testing your ideas at the same time. Get started now; the service is 100% free.

See you back here next week for five more unloved growth stocks.

NYSE Euronext is a Rule Breakers recommendation.

Fool contributor Tim Beyers, who is ranked 4,227 out of more than 29,800 rated players in CAPS, is a sucker for growth stocks and a regular contributor to Rule Breakers. Tim didn't own shares in any of the companies mentioned in this article at the time of publication. Tim's portfolio holdings can be found at his Fool profile. His thoughts on growth stocks, Foolishness, and investing in general may be found in his ****. The Motley Fool's disclosure policy is your portfolio's competitive advantage.



--------------------------------------------------------------------------------
Legal Information. ©1995-2006 The Motley Fool. All rights reserved.
 
Posted by Slimpickens on :
 
i got out at 26 on the way up and am now looking to get back in. anyone know whats up with this one today? why the drop.
 
Posted by Slimpickens on :
 
well im back in at 22.60. jo let me know if you plan to use the revese midas touch.
 
Posted by Jo4321 on :
 
I actually did sell a small amount at a loss for $24.50 the other day. But the reverse midas touch didn't work. And I really wanted it to for the rest of my shares. My account is seriously bleeding.
 
Posted by PCola77 on :
 
What happened today to drop it back under $22?
 
Posted by TimW on :
 
Jo mustve bought back in.
 
Posted by Mortimer on :
 
quote:
Originally posted by PCola77:
What happened today to drop it back under $22?

I dunno, but an entry looked too good to not pass up. Back in at 21.75
 
Posted by cspaude on :
 
WTF is going on?? No news again, just selling. Maybe http://www.defenselink.mil/contracts/ will tell us more after 5pm?
 
Posted by Mysticobra96 on :
 
I'm not positive if this is why, but I was considering buying the stock this morning until I looked at the Acc/Dist last night. It broke under its low for the last 6 months yesterday. So, I decided against buying it luckily. Thats about the only thing on the chart that I saw that broke down until today. I hope it rebounds though, cuz my dad owns some. GLTA

Try to make it back in CRWN, thats where I'm puttin my money on monday if it keeps looking good.
 
Posted by Mysticobra96 on :
 
And for people looking to get in this stock, I think $18 is a good entry point for when this stock will start to bounce. GLTA
 
Posted by Slimpickens on :
 
making a comeback run
 
Posted by Jo4321 on :
 
Can't believe I am "happy" about seeing $23.00 right now.

And yes, Tim, that drop was caused by my 23.80 purchase two days ago.

I should've mentioned this morning that I sold SPAR at $34.00. (now $34.70)
 
Posted by Jo4321 on :
 
SPAR $35.16

Shoulda sold FRPT instead.
 
Posted by TimW on :
 
LoL jo.

I am done myself, im convinced there is no stock market and its all a scam.
 
Posted by Jo4321 on :
 
http://bigcapitaladvisors.********.com/

FRPT gets Whacked: It's Time To Scale Back In

Force Protection is doing just fine thank you. Revenues & profits are growing at over 300% compounded annually. They make the worlds gold standard of MRAP vehicles.

The demand for MRAPS is growing exponentially to the point where the entire MRAP pie has grown from a few thousand vehicles to around 23,000 vehicles. In addition FRPT's Cheetah is the odds on leader in the race to replace all the 170,000 Humvees around the world

So what the heck has caused FRPT's price to hit an all time high of $31 only to drop to $23.88? The simple answer is fear of competition.
Early this year we were told that nine companies would be supplying their vehicles to the DOD's Aberdeen IED testing grounds. It was understood at the time that FRPT's vehicles had a technological moat around them that all but BAE systems (to some extent) could not overcome.

Now that the testing period is over, we will find out just how wide that moat is. In my opinion, FRPT's technological moat is insurmountable. However, that might not matter to our Defense Department because even at FRPT's great growth rate, FRPT can not possibly produce all the MRAPs required to protect our troops. As a consequence, the armed services might have to order some lesser quality vehicles from FRPT's competitors. Hopefully these vehicles will be able to protect our troops. Let's face it, anything is better than a Humvee.

We know that FRPT has continued to ramp up production and has guaranteed that with GD they can produce over 12,000 vehicles by December 2008. FRPT's management has repeatedly stated that the DOD has told them that they will get all the orders that they can produce. That all but insures that FRPT's revenues will more than triple again, exceeding $2 billion in 2008.

So now back down to Earth with my analysis. FRPT is growing faster than any company in America and will get contracts for all the vehicles they can produce. In all reality, the Defense Department has no choice in the matter, because they can not afford to fool around with our troop's lives.
Nevertheless, it is obvious that other contractors will be given some business. The confusion caused by the recent lull in orders, the stock market's wipeout, some insider sales, and the award of a large contract to NAV has caused a shakeout in FRPT's share price.

It is my belief that NAV will have a hard time proving that it can deliver high quality MRAPs on time. There is something fishy about how the NAV contract was awarded out of the blue with the aid of Senator Trent Lott. It is also my understanding that BAE systems is having a hard time passing the tests at Aberdeen.


It should be noted that in past times of war, the DOD has ordered other contractors to produce the DOD's preferred vehicle. Hence, it would be logical for the military to force all vendors to use FRPT's technology under a licensing or subcontract arrangement with FRPT

In short, it's time to fasten your seat belts because many major questions are going to be answered by month's end. Next week we have the GD investor conference. On June 21st FRPT will hold it's annual meeting. Lastly, we are about to hear from the DOD about who is going to be awarded MRAP contracts and how much of the pie FRPT is going to get.

Oh yes, there is the strong possibility that GD will buy FRPT lock stock & barrel. So it's time to scale back in to the portion of the FRPT shares that we sold in the high twenties.
 
Posted by Livinonklendathu on :
 
http://tools.thestreet.com/tsc/quotes.html?pg=qcn&guid={AA1C7247-7377-4C24-9850- 1020AEEF938A}&symb=frpt&sid=1935031&orig=1&timer=
 
Posted by Jo4321 on :
 
Hey Livinonklendathu, did you get out yet?

Warning! I bought some more at $22.70 today. Surprisingly, I'm green on those so far.

Will be interesting to see what tommorrow will bring. GD Buyout rumors floating around, plus that GD news you posted.

Jo
 
Posted by Jo4321 on :
 
Gapping up.

(just wanted to see another thread besides CSHD on top! [Smile] )
 
Posted by Jo4321 on :
 
9:58AM Force Protection confirms that it is to Join the Russell 3000 Index (FRPT) 24.65 +0.80

http://biz.yahoo.com/prnews/070613/nyw078.html?.v=100
 
Posted by Livinonklendathu on :
 
Yea, out last Thursday, back in again yesterday morning when it went green.
Stop set at 24.50 for now, needs to close above 25 or I'll be out eod.
 
Posted by Jo4321 on :
 
Melissa Davis again, but this time "just the facts":

http://www.thestreet.com/_yahoo/newsanalysis/manufacturing/10362316.html?cm_ven= YAHOO&cm_cat=FREE&cm_ite=NA

Index Invite Boosts Force Protection

By Melissa Davis
Senior Writer
6/13/2007 12:08 PM EDT

Force Protection (FRPT - Cramer's Take - Stockpickr) rolled higher Wednesday after the maker of blast-resistant military trucks said its stock will join the Russell 3000 index at the close of trading next Friday.

The Ladson, S.C., company said the move "is truly a milestone for our growing company." The Russell 3000 Index measures the performance of the 3,000 largest U.S. companies based on total market capitalization.
Shares rose $1.37 to $25.22.
 
Posted by Livinonklendathu on :
 
Intraday resistance in this area around 25.25ish, would be nice to close over it.
 
Posted by Jo4321 on :
 
Breaking resistance here at $25.40. Let's see if that holds. You might be "spending the night" Livinonkledathu.

BTW, what the heck does your name mean?

Jo
 
Posted by Livinonklendathu on :
 
Lol Jo. Klendathu is name of the bug planet from the movie Starship Troopers.

Stock is looking good here, might just have to camp out if it holds.
 
Posted by Jo4321 on :
 
Maybe I should sell what I bought yesterday, and send it shooting up.

Bug Planet, huh? Well, I wouldn't have ever figured that out.
 
Posted by Livinonklendathu on :
 
Nobody does, I think 2 or 3 since I've been on this board.

My stop is 24.75 now if that helps any.
 
Posted by Jo4321 on :
 
Got your sleeping bag, Livinonkledathu?

I'm resisting the urge to sell yesterdays shares right now at $26.00. Seems it always dips back down before the close and I could preserve a couple of hundred in gains, by selling and buying back. But then, there's that "jo effect".

Must...resist...urge..
 
Posted by Livinonklendathu on :
 
Just been upping my stop, takes the worry out of locking in the profits. Set at 25.25 now.

Close should be interesting.
 
Posted by Jo4321 on :
 
Shouldn't have resisted that urge. Could've sold at $26.00 and bought back at $25.50 (or lower?)

On 1,000 shares, that locks in $500.00 profit.

Oh well.

You gotta watch out with stops on FRPT, they'll swoop down and take them out and then go right back up again.

Jo
 
Posted by Jo4321 on :
 
Nice PR:

Force Protection Gains Ground - AP NEWS Wednesday June 13, 3:38 pm ET
http://biz.yahoo.com/ap/070613/force_protection_mover.html?.v=1
AP
Force Protection Gains Ground
Wednesday June 13, 3:38 pm ET
Force Protection Rises After Partner Increases Alabama Operations

NEW YORK (AP) -- Force Protection Inc. shares jumped Wednesday after an analyst said the maker of blast-protected vehicles is preparing to ramp up production.
Force Protection is filling a U.S. Marine Corps order for 1,000 Mine Resistant Ambush Protected vehicles. General Dynamics, which has a $244.5 million contract with Force Protection to help complete the order, said Tuesday it is adding 320 jobs and spending $2.6 million on two Alabama facilities connected to that contract.

ADVERTISEMENT

SunTrust Robinson Humphrey analyst Chris Donaghey said Force Protection is looking to increase its production, and will need to place some large orders to do so. He believes General Dynamics is expecting a larger contract, because the current one is too small to justify what it is spending.

"In our opinion, General Dynamics would not be making an investment in these facilities for a 1,000 vehicle contract and we believe this move by General Dynamics implies it expects to see significantly larger awards," the analyst wrote in a client note.

He maintained a "Buy" rating on Force Protection shares, noting that the stock has slipped 23.5 percent since touching a seven-year high on May 22.

Force Protection also said it is being added to the Russell 3000, an index of the 3000 largest publicly traded companies measured by market capitalization.

Shares of Force Protection rose $1.85, or 7.8 percent, to $25.70.

General Dynamics shares added 82 cents to $80.06.
 
Posted by Livinonklendathu on :
 
I'm out for now, nice 2 days.
 
Posted by Jo4321 on :
 
Come back soon.

I'm lonely in this thread.

Jo
 
Posted by Jo4321 on :
 
That's what I'm talking about with Stop-losses and FRPT.

Back up to $26's
 
Posted by Livinonklendathu on :
 
It never hit my stop, sold just above it as it did not look like a very strong close to me. Would have been back in this morning if my freakin internet was working. You still in?
 
Posted by Mortimer on :
 
I'm still with you guys in this; lucky to sneak in when it went below 22 a week ago. I'm tempted to just call it a base hit and wait for another at bat when it comes back around, but I'm liking this recent run and will wait a couple days to see if I could steal second base or something.

Ok, let's go! Can I get an "F"! ....an "R"!.....

http://www.thestreet.com/_googlen/newsanalysis/small-cap-stock-spotlight/1036253 3.html
 
Posted by Jo4321 on :
 
Still in. I don't think I'll ever be fully out. Can't decide when to call it quits with FRPT. At the beginning of this thread, I was hoping to get out at $5.00!

Since then, added more, then thought I'd get out at around $20.00. Now I'm kind of "averaged up", so I'd like to see this get back to $30.00 but even then I don't know if I'd get totally out. Probably just wait for some kind of buyout to make the decision for me.

Jo
 
Posted by minkybodl on :
 
Force Protection, Inc. Board Member Steps Down
Friday June 15, 4:05 pm ET


LADSON, S.C.--(BUSINESS WIRE)--Leading armored vehicle manufacturer Force Protection, Inc. (NASDAQ: FRPT - News) today announced that Frank Kavanaugh will step down from his position on the board of directors. His departure will be effective at the next shareholder meeting on June 21, 2007.


"Frank has been a visionary from the beginning," said Force Protection CEO Gordon McGilton. "When he began in 2001, the company was called Sonic Jet and it was financially and strategically floundering. Instead of abandoning a failed investment as other money managers might have done, Frank stepped in, rolled up his sleeves, identified a direction, gathered the necessary resources, and built a world-class organization. Force Protection is also an important financial success story. Under Frank's guidance, the company grew from $1.2 million in 2001 to $196 million in annual revenue in 2006. In the first quarter of 2007, Force Protection has already delivered over $100 million in revenue. Perhaps most remarkable is how the market cap for the company moved from less than $1 million in 2001 to more than $1.75 billion today under Frank's leadership.

"He has overseen remarkable corporate growth," said McGilton. "In the past four years, Force Protection's workforce has increased from less than a dozen employees to more than 950, its vehicle production rates have risen, its production infrastructure has expanded to a state-of-the-art 400,000 square foot campus and additional facilities, and its stock moved to the NASDAQ Stock Market in January 2006. In addition, more than $200 million in funding has been secured and partnerships have been forged with other industry leaders to continue to meet demand for our lifesaving vehicles.

"It is a rare privilege to work with someone of Frank's intelligence, passion, dedication, and perseverance," McGilton said. "Force Protection has richly benefited from his leadership and drive. We are extremely appreciative of his contribution and will continue to call on his expertise when required."

Force Protection's Buffalo and Cougar mine protected vehicles have been deployed with U.S. and Allied forces in Iraq and Afghanistan since 2003. They have an unmatched record for troop safety with over more than two million hours of heavy combat operations, and are credited by troops with saving lives.

According to Kavanaugh, "There were three critical objectives we set out to accomplish six years ago. First, develop a management team capable of maximizing the opportunities in this industry; second, secure the capital base necessary for Force Protection to become the robust, innovative, mainstream manufacturer it is today; third, create the management methods and resources for the business to continue to innovate and grow. Now, I want to return my focus and energy to personal obligations and responsibilities.

"I am proud of the executive team that has been developed over the last three years, and confident that they will continue to demonstrate why Force Protection has been so successful," Kavanaugh said. "The organization's leaders are capable of taking Force Protection to new heights.

"It has been enormously gratifying to be engaged with the finest professionals in the industry as part of an enterprise that has revolutionized blast protection for the people I hold in the highest esteem, the men and women who are willing to sacrifice to defend our country," said Kavanaugh. "I look forward to continuing my support of Force Protection as an involved investor. Our business is about saving lives through the vehicles we produce. It has been deeply meaningful to be involved in such important work."

Force Protection is a leading ballistics research and manufacturing enterprise, specializing in the development and production of highly reinforced armored personnel carriers that are designed to save soldiers' lives by shielding them from the deadly effects of roadside bombs, or IEDs, which have become a leading killer of U.S. troops in Iraq. The trucks' unique, V-shaped hull is designed to deflect the force of IED blasts away from the vehicle, keeping soldiers inside safe and alive, and have become the proven response to an emerging global threat to U.S. troops. Its leading models include the 23 ton "Buffalo", a uniquely-designed mine clearance vehicle with a reinforced mechanical arm, and the family of "Cougar" vehicles, both of whose mine and ballistic protection capabilities are among the most advanced in the world. The vehicles are manufactured outside Charleston, S.C. Visit the company's website at www.forceprotection.net.


http://biz.yahoo.com/bw/070615/20070615005610.html?.v=1
 
Posted by cspaude on :
 
Any speculation that his stepping down opens the door for a buyout or signals a buyout? Hmmm. whatever's going on, the upward price movement is a welcome sight. And SIRI is moving back up. Good day for me.
 
Posted by TimW on :
 
LoL he just cashed in his 3 million in shares whats his interest anymore.
 
Posted by Jo4321 on :
 
Hard to say what his stepping down will do short term. This IS FRPT. However, I think if it was going to be majorly negative, there would have been more after hours selling. Instead, the price actually went up after-hours.

I'm unsure what to do as I am going to be at summer camp starting tommorrow. I hate setting stops with FRPT because, so far, I've only been screwed by them. (But I didn't have any stops set during the decline from 31.00, THAT would have been a time when a stop worked with FRPT). Why this week to be away!?

Jo
 
Posted by cspaude on :
 
I personally felt Frank was more of a negative for the company. It seemed he was the one carrying around the company's shady past, so I think his leaving is likely a positive. At the same time I don't think someone as high profile as him would step down at such a key moment unless he's stepping aside to make way for a pending buyout. OR.......to be devil's advocate.....he screwed up really really bad and lost the company contracts. Let's hope not.
 
Posted by Jo4321 on :
 
Leaving tommorrow. To stop or not to stop, that is the question.
 
Posted by Livinonklendathu on :
 
Force Protection Industries, Inc.,* Ladson, S.C., is being awarded a $221,688,050 firm-fixed-priced delivery order #0004 under previously awarded contract (M67854-07-D-5031) for additional 395 Category I and 60 Category II Mine Resistant Ambush Protected (MRAP) Low Rate Initial Production (LRIP) vehicles. Work will be performed in Ladson, S.C., and work is expected to be completed by December 2008.
 
Posted by Livinonklendathu on :
 
http://www.defenselink.mil/contracts/contract.aspx?contractid=3541
 
Posted by cspaude on :
 
Saw the after hours so I checked out defenselink before I checked here. Sweet deal! What this does is it disproves the analysts that said everyone EXCEPT FRPT would get the next few contracts. Thank God they're wrong.
 
Posted by Mortimer on :
 
After hearing the news of this last order, I started kicking myself because I sold out all my shares near yesterdays high. The afterhours indicated promise for the next day, but off the bat it has dropped 6-8percent? I'm trying to figure out what the market is seeing that I'm possibly missing.

Confuzzled.
 
Posted by Livinonklendathu on :
 
Nothing, gap and crap on contract news, did the same thing on the last big order.
 
Posted by cspaude on :
 
Alright, so that sucks. I got slaughtered across the board today. Some articles are saying FRPT told the street they expect 2000 orders by the end of July and this small contract didn't sit well. Well, it's not the end of July yet.
 
Posted by Livinonklendathu on :
 
Back in today low 23's for a chunk.
 
Posted by Livinonklendathu on :
 
.....and added some 22's today, strong close.
 
Posted by Slimpickens on :
 
Force Protection Goes On The Offensive
Evelyn M. Rusli, 06.22.07, 5:15 PM ET

Force Protection





Force Protection is ready to battle for the lion's share of government contracts for armored vehicles. Within the next two weeks, the company is expected to announce the opening of new factories that will substantially boost its capacity.

According to a person familiar with the situation, the company’s new factories, which will open later this year, will focus on the Cheetahs, a new line of armored vehicles that are lighter and more mobile than Force Protection (nasdaq: FRPT - news - people ) 's popular Cougar line. Because of its size, the Cheetah is an attractive replacement candidate for the Humvee. The army has already indicated that a top priority is replacing the entire Humvee fleet— 17,700 vehicles— in Iraq with armored vehicles that can stand up better to mines, improvised explosive devices and rocket-propelled grenades.

Once the factories are up and running, Force Protection should be able to churn out 200 vehicles a month. That ramp-up will more than double Force Protection's current in-house capacity levels. For comparison, in 2006, Force Protection made 300 vehicles for the entire year.

Under the government's Mine Resistant Ambush Protected vehicle program--which does not include the replacement of Humvees-- the Army is expected to award contracts to produce 23,000 armored vehicles, about 7,700 of which will be awarded this year. For a company that is competing with a handful of manufacturers to bag the most contracts, capacity level is crucial. Force Protection's vehicles have performed exceptionally well on the field but the government has repeatedly told manufacturers that the bulk of the orders will go to companies that can deliver quantity as well as quality.

And if Force Protection's game plan proceeds as expected, quantity is exactly what the military will get, and lots of it. According to C.E. Unterberg, Towbin analyst James McIlree, the company's existing facility in Ladson, South Carolina, which currently produces 100 Cougar vehicles a month, will ramp up to 200 a month by the end of this year. There are also murmurings that the company will open a factory this year that will produce Cougar and Cheetah vehicles.

With 7,000 MRAP orders expected for this year, and 8-9,000 anticipated in 2008, "Everyone is fighting for a piece of a pie that's expanding, and one way that you fight for a piece of that pie is by increasing your capacity to demonstrate to the government that you can make these vehicles," McIlree told Forbes.com Friday.

Force Protection currently has a 55% share of the orders, but its stock has rocked wildly in recent months as competitors nip at its heels. Even though Force Protection won another major contract on Tuesday--a $221 million Navy deal--the stock fell the next day, as some investors cashed out and some wondered why the contract wasn't larger.

The tumble continued on Friday, as the company's shares dropped 4.0%, or 95 cents, to $22.80 in afternoon trading on Friday.

Many analysts expect Force Protection to retain a large share of the market but other armored vehicle players, such as BAE Systems (other-otc: BAESY - news - people ) and Oshkosh Truck (nyse: OSK - news - people ), should also win major contracts. There is also the threat of unexpected dark horses, such as Navistar (other-otc: NAVZ - news - people ). Last month, the government awarded a $623 million contract to Navistar, which was widely considered an unlikely competitor. (See: "Competition Saps Force Protection." )

Force Protection remains optimistic that it will be able to ramp up production to meet the military's needs. It has a major partnership with General Dynamics (nyse: GD - news - people ) and subcontract deals with Armor Holdings (nyse: AH - news - people ) and Spartan Motors (nasdaq: SPAR - news - people )' chassis unit to manufacture vehicles.

Under a joint venture with General Dynamics, Force Protection will be able to deliver 12,100 vehicles between July 2007 and December 2008, Michael Aldrich, Force Protection's vice president for sales, told Forbes.com earlier this month. "We have reason to be wildly optimistic that we will receive more orders," he said. "We have passed the test, we have more than quadrupled production and we are ahead on all the contracts we are on right now."
 
Posted by Jo4321 on :
 
Back from camp. Dang that was an expensive week. Paper lost about $10,000 while I was away. (not just in FRPT, but in other holdings as well)

Jo
 
Posted by Jo4321 on :
 
This sets a new standard in bias for Melissa Davis:
----------------------------------------

Rivals Burst Force Protection's Bubble
By Melissa Davis
Senior Writer
6/25/2007 11:03 AM EDT

Fierce competition for a big government armored-truck deal is dimming Force Protection's (FRPT) glow.

The Ladson, S.C., military-vehicle maker has been the biggest winner so far in the Army's mine-resistant, ambush-protected vehicles contract. But as the MRAP show goes on, Force Protection is sharing more and more of the spotlight with its rivals.

Navistar (NAVZ) -- once viewed as a minor character at best -- recently grabbed the largest single MRAP order placed so far. Other players like Armor Holdings (AH) and Oshkosh Truck (OSK) , as well as an upstart launched by Force Protection's founder, are poised to crowd the stage as well.

Wall Street is starting to worry about Force Protection shares, which have risen sharply over the last year. The company's current production capacity "is insufficient to supply the total MRAP requirements," Stanford analyst Josephine Millward stressed last month. "We continue to believe that the military will select multiple vendors for the program. ... In our view, this is positive news for the remaining bidders."

Millward's words should carry some weight. Last Tuesday, Millward predicted that Force Protection would field an order for around 500 MRAP vehicles -- or one-fourth the number the company was expecting. The military disclosed an order for 455 Force Protection vehicles that very night.

Force Protection investors, disturbed by the order's small size, hammered the company's stock and have kept it under pressure ever since. The shares, which peaked at $31 just before Navistar's surprising win, slipped 68 cents to $23.07 on Friday.

Now, Millward looks for two Force Protection rivals to land new contracts in a matter of days. Notably, Millward believes that General Dynamics (GD) -- Force Protection's joint-venture partner -- may have already passed performance tests and could soon snag a big contract on its own. Then, she feels that Armor or Oshkosh could announce a major award right after that.

Millward has hinted at a big win for Armor in particular. Last month, she predicted that Armor would score a "prime contract" for up to $500 million worth of vehicles -- or five times the company's own forecast -- under the MRAP program.

Millward downgraded Armor from buy to hold the same day, however, due to concerns about the company's valuation. The stock, while up 7 cents to $86.82 on Friday, has been flat since then.
Rising Stars

Meanwhile, Barrington Research analyst Walter Liptak this month reiterated his outperform rating on Oshkosh ahead of an expected MRAP deal.

Liptak looks for Oshkosh to secure an order for 1,000 MRAP trucks, worth up to $600 million, within the next week. All told, Liptak believes that Oshkosh will capture 20% of the entire MRAP market -- and, quite possibly, even more.

Together with privately held Protected Vehicles, a company run by Force Protection founder Garth Barrett, Oshkosh has already won a contract to supply the U.S. military with 100 Category I MRAP vehicles. But Oshkosh hopes to start selling the military some heavier -- and more expensive -- Category II vehicles as well.

Thus, Oshkosh has offered up its Category II Bushmaster for review. Alternatively, Oshkosh could choose to further capitalize on its partnership with Protected Vehicles and help supply that company's Category II Golans instead.

Earlier this month, Defense Industry Daily singled out the Golan for its unique capability to protect soldiers from "explosively formed penetrators" -- now viewed as even bigger threats than the improvised explosive devices that other MRAP vehicles effectively shield.

Protected Vehicles has, by itself, fielded an MRAP order for 60 Golans already. But the company foresees calls for additional Golans that it could use some help supplying.

"We would obviously like to have a partner," Barrett told TheStreet.com last week. "We can use Oshkosh; that's part of [the contract] . But that's not definite at the moment."

Protected Vehicles is watching to see if Oshkosh lands a Category II contract of its own. Meanwhile, the company is busy making preparations for the new MRAP business that could soon come its way.

In recent months, Protected Vehicles has added hundreds of employees -- including graduates of a welding school that it helps run -- and it is right now seeking to purchase a new building that will allow it to expand beyond the 600,000 square feet it already has.

"We have been putting the infrastructure in place to build serious numbers" of both Category I and Category II vehicles, Barrett explained. "We know the urgency of the need, and we have the desire to meet that need to the fullest extent possible. ... We are poised to supply."
Official Script

On the surface, at least, nearby Force Protection still displays plenty of confidence itself.

Force Protection's joint venture with General Dynamics has by now scored two large MRAP contracts that, together, are worth more than Navistar's big prize. Under the terms of that partnership, however, Force Protection is entitled to just half the proceeds. Bullish investors had assumed that there would be more to share.

Moreover, critics doubt that Force Protection will land another big order right now and question whether the company could fill it even if it did. They view shares of Force Protection, reflecting orders yet to come, as grossly overvalued, as a result.

Force Protection's outgoing chairman, Frank Kavanaugh, sure has been cashing in. Last month alone, Kavanaugh -- a frequent seller of Force Protection shares -- pocketed $10 million from company stock sales. He executed his last transaction on May 31, when Force Protection peaked just before news of Navistar's surprise award.

Then, with little warning, Kavanaugh suddenly resigned from Force Protection's board at the company's annual shareholder meeting last week. In response, Force Protection celebrated its swelling market value -- which soared from $1 million to more than $1.5 billion during Kavanaugh's reign -- as a "remarkable" achievement on his way out the door.

Going forward, other big investors could start dumping stock as well. Notably, by the end of this month, Force Protection expects to file an overdue registration statement for 13 million shares of stock that it issued in a private placement late last year. Owners of that stock -- including value investors who have seen their shares double already -- should be free to cash out after that happens.

Still, despite his own stock sales, Kavanaugh has promised even better days ahead.

"I look forward to continuing my support of Force Protection as an involved investor," he recently stated. "The organization's leaders are capable of taking Force Protection to new heights."
 
Posted by minkybodl on :
 
I notice she mentions the price on Friday, but omits saying anything about the record volume of 12.5 mil shares going into the Russell 3000.
 
Posted by Livinonklendathu on :
 
The wrong price too, close Friday was 23.84. I got out this morning, gonna see where it settles the next couple days.
 
Posted by cspaude on :
 
Thoroughly confused here.
 
Posted by minkybodl on :
 
http://www.defensenews.com/story.php?F=2860798&C=america


U.S. Lawmakers Jab DoD Official About MRAPs

By WILLIAM MATTHEWS


Two senior House Democrats accused the Pentagon of failing to provide life-saving mine-resistant vehicles to U.S. troops in Iraq. During a June 26 Armed Services Committee hearing, Gordon England, deputy defense secretary, vehemently denied the charge.
During a testy exchange with England, Rep. Neil Abercrombie, D-Hawaii, said a request from troops in Iraq for vehicles built to withstand roadside bomb blasts appears to have been ignored by the Bush administration.
The request was not ignored, an indignant England retorted.
“It wasn’t in the budget,” Abercrombie shot back. The 2008 budget request the Pentagon sent to Congress in February contained no money for Army and Marine Corps mine resistant ambush protected (MRAP) vehicles, he said.
The Defense Department was in the process of buying 3,000 MRAPs, England said.
“But the request was for 6,000,” Abercrombie replied.
Ultimately, the House added $4 billion to the budget for buying MRAPs.
Later, the Army increased its request to more than 17,000 MRAPs that would cost $18 billion.
“I wish we could legislate some sense of urgency,” said Rep. Gene Taylor, D-Miss.
Senior military officials have repeatedly been slow and even seemingly reluctant to buy protective equipment for troops in Iraq, Taylor said. He cited body armor early in the war, and later requests for armored Humvees and electronic jammers to thwart roadside bombs.
Taylor said Pentagon officials testified to Congress on each of these items that not all troops in Iraq needed them.
“People have died needlessly,” Taylor said.
That assertion incensed England.
“That is an inappropriate comment,” he snapped. “People have not died needlessly.”
England said the Defense Department has shipped to Iraq six varieties of armored Humvees and developed a wide variety of jammers to counter roadside bombs.
“Why did it take until this committee passed $4 billion for the secretary of the Army to say he needed $18 billion” for MRAPs? Taylor asked.
Taylor said senior Pentagon leaders are making the same mistake on MRAPs that they made on body armor, armored Humvees and jammers. “You’re dragging your feet,” he said.
England angrily denied it, but insisted that he could not discuss MRAP details with the Armed Services Committee in open session.
The quarrelsome confrontation occurred during a hearing on how to improve management of the Department of Defense, an enormous bureaucracy with an annual budget of more than $700 billion, $1.4 trillion in assets, $2 trillion in liabilities, more than 3 million employees and 3,000 locations worldwide.
Committee members agreed with England that the department is overburdened with congressionally imposed regulations.
For example, there are 219 regulations that apply just to flag-rank officers, England said.
“If every time we passed a new regulation we did away with two [old regulations] we might make some progress,” said Rep. Roscoe Bartlett, R-Md.
“Supply them to the committee,” said Rep. Jim Cooper, D-Tenn. “Perhaps we can whittle them down.”
Asked whether the Defense Department is more efficient now than it was in 2001 when President George W. Bush took office, England said he didn’t know. He was Navy secretary then and didn’t become acting deputy defense secretary until May 2005.
England added that the Defense Department is more efficient now than it was in 2005.
However, the department is not making rapid progress on a key congressional benchmark: the ability to produce “clean audits,” or documented spending trails.
For years, the department has not been able to produce comprehensive accountings of its money and property. In 2005, Pentagon officials proclaimed progress when they were able to produce clean audits for six of 61 auditable sub agencies. They predicted clean audits of all sub agencies by 2008.
So far, though, only seven sub agencies have achieved clean audits. It will be eight to 10 years before all Pentagon agencies achieve the clean audit goal, said Paul Brinkley, deputy undersecretary of defense for business transformation
 
Posted by Ace of Spades on :
 
In my opinion I think the Slow stochastics(27,33)and RSI (35.9)can go a a tad bit lower...But also if you look at the volum by price bars...we are around the price where the most buying took place!!!

 -

In my opinion I think the Slow stochastics(27,33)and RSI (35.9)can go a a tad bit lower...But also if you look at the volum by price bars...we are around the price where the most buying took place!!!
 
Posted by cspaude on :
 
Thoroughly confused.....but I like it!! Up 7%.
 
Posted by Jo4321 on :
 
Force Protection Inc. Is Rebounding

Wednesday, June 27, 2007; Posted: 12:15 PM



(RTTNews) - Force Protection Inc. (FRPT | charts | news | PowerRating) has been losing ground for the last week and dropped below its 50 day moving average. Today the stock gapped down at the open however has been moving steadily higher. The stock is at the highs of the session trading up by $1.07 at $22.77.

For comments and feedback: contact editorial*rttnews.com Copyright(c) 2007 RealTimeTraders.com, Inc. All Rights Reserved


http://www.tradingmarkets.com/.site/news/MOMENTUM/567720/
 
Posted by minkybodl on :
 
News and a video of testing on the Cheetah,

http://www.wjbf.com/midatlantic/jbf/news_index.apx.-content-articles-JBF-2007-06 -26-0051.html


Tuesday, Jun 26, 2007 - 05:52 PM
PhotoVideo
"We received a lot of very high level interest from our current military customers for the Cheetah, and we're in support for however they want to prioritize the asset for national security," said Force Protection's Mike Aldrich.

By George Eskola
E-mail
This "Cheetah" was on the prowl.

It's the latest vehicles from the Charleston, South Carolina, area company called Force Protection, and this prototype is catching the eyes of the military for possible use in Iraq.

"We received a lot of very high level interest from our current military customers for the Cheetah, and we're in support for however they want to prioritize the asset for national security," said Force Protection's Mike Aldrich.

The company unveiled this prototype at its testing range in Edgefield, South Carolina.

Where it's 30 caliber machine gun blasted at targets.

Force Protection has joined with another company, Kongsberg Defense, for the vehicle's state of the art sighting system.

It employees cameras that make things a lot safer when taking on targets that can shoot back.

"The major difference it takes the solder inside the vehicle so he operates the weapon in the security of the vehicle if he's attacked," said Knut Saeter, Kongsberg Defense.

And while both these companies are experienced in the defense industry, this is high tech equipment. That's why this testing area, in Edgefield County, is so important. You got to put these things through their paces.

"This is an M-12 block of composition C-4 high explosive, we make our own land mines here," said Keith Williams, of Force Protection, who placed the bombs for the explosion test.

And his home-made bomb was put about twenty feet away from the Cheetah, and set-off.

The explosion was huge; the Cheetah was dirtied, but otherwise undamaged.

The company says it has the best vehicle protection system in the world, and if, and when, this vehicle makes it into combat, that could mean the world for a solider in battle.
 
Posted by cspaude on :
 
Off 7%+ today because BAE systems got a 441 vehicle contract?!? Lame. That tells me if anyone gets a bigger contract, FRPT will get absolutely slaughtered. Today was a complete overreaction.
 
Posted by kywee on :
 
Yea the way I see it is people are still day trading this thing.

I might jump in EOD if it remains low. I'll look for a gap up Monday and a possible 10% gain.
 
Posted by minkybodl on :
 
General Dynamics Delivers First MRAP Vehicles from Alabama


http://biz.yahoo.com/prnews/070629/nef061.html?.v=7
 
Posted by Jo4321 on :
 
And Melissa Davis again.
---------------------------------

Manufacturing
Force Protection Treads Water
By Melissa Davis
Senior Writer
6/29/2007 3:00 PM EDT
URL: http://www.thestreet.com/newsanalysis/manufacturing/10365721.html


Force Protection (FRPT) is holding its breath for a last-minute victory lap.

The deadline for the South Carolina-based defense contractor to win another big contract is looming, since the U.S. military is set to finish handing out its first round of awards for Mine-Resistant Ambush-Protected vehicles by the end of the month. The company has long been favored to dominate the MRAP program but has seen rivals , such as Navistar (NAVZ.PK) , chipping away at its lead.

Indeed, late Thursday, none other than scandalized BAE Systems -- suspected of bribing foreign officials for other military business -- claimed one of the remaining first-round MRAP awards for itself. A U.S.-based subsidiary of the British defense giant landed a $212 million deal to supply 441 MRAP vehicles for the war on terror.

The award came just days after BAE revealed that the Department of Justice has launched a criminal probe of the company. Justice officials suspect that BAE may have funneled money to a Saudi prince in exchange for his help in securing an $86 billion weapons deal. The company has denied any wrongdoing.

BAE's new MRAP order took a toll on Force Protection in the meantime. Force Protection's stock, pressured this month by mounting competitive threats, fell more than 5% to $20.47 -- an eight-week low -- earlier Friday.

Force Protection fans remain upbeat nonetheless. Thomas Weisel Partners analyst David Gremmels on Thursday treated the BAE order as an expected development, despite the company's regulatory problems, and predicted another competitor win -- possibly by rival Oshkosh (OSK) -- as well. But he still feels that Force Protection will control at least half of the MRAP program in the end.

Gremmels has an overweight rating on Force Protection's stock. His firm makes a market in the company's securities.

Even now, Gremmels notes, Force Protection still boasts 48% of the MRAP orders placed so far. Navistar commands a smaller 33% market share, despite winning the single-largest MRAP contract handed out to date, and BAE now follows with 14% of the current MRAP awards. For the time being, Gremmels' calculations show, Oshkosh still trails as a distant fourth with just 4% of the MRAP orders.

But Stanford Group analyst Josephine Millward feels that equation could rapidly change. She, too, believes that Oshkosh could soon emerge as a bigger player in the MRAP game. Meanwhile, she questions whether Force Protection will field all of the new orders that the company is gearing up to land.

"In order to meet this aggressive production schedule, FRPT would require another order of 1,300 units by July 1, another 1,000 units by October and 6,000 units by November," Millward wrote on Monday. "As we said before, it is possible for Force Protection to receive another 1,000 units-plus order if the fourth company does not pass the performance test.

"But we put the odds at less than 50%."

Like many, Miller suspects that Oshkosh -- which is partnering with a company run by Force Protection's founder -- could land the next big deal instead. Notably, Oshkosh partner Protected Vehicles boasts an offering that is uniquely capable of surviving so-called "explosively formed penetrators." Those weapons are now viewed as even bigger threats than the improvised explosive devices, or IEDs, that other MRAP vehicles effectively shield.

Protected Vehicles is already providing the military with dozens of its Golan trucks in response. But the company hopes to supply even more Golans, possibly with help from Oshkosh or another partner, going forward.

BAE's new contract could actually signal good news for the company. Interestingly, experts note, the award included no calls for BAE's RG-33L -- a rival to Protected Vehicles' Golan -- despite high expectations for the vehicle.

"A recent contract has put (BAE) solidly back into the competition, including a couple of promising niche orders," Defense Industry Daily wrote on Friday. "Nevertheless, the curious (omission) of the mainstream RG-33L orders remains one of the salient features of this contract."

To be fair, Force Protection has monopolized orders for Category II MRAP vehicles, which include both the Golan and the RG-33L, placed by the military so far. Indeed, based on Gremmels' estimates, Force Protection has sold five times as many Category II vehicles as all of the company's competitors combined. But Protected Vehicles, at least, has been taking steps to widen its own share.

"We have been putting the infrastructure in place to build serious numbers" of both Category I and Category II vehicles, Protected Vehicles CEO Garth Barrett told TheStreet.com earlier this month. "We know the urgency of the need, and we have the desire to meet that need to the fullest extent possible ... We are poised to supply."
 
Posted by cspaude on :
 
On the front page of USA Today:

Army gets big boost in safer vehicles

Look for her to run big today!!! It didn't mention FRPT, but what company does everyone think of when it comes to MRAPs?
 
Posted by Jo4321 on :
 
quote:
Look for her to run big today!!! It didn't mention FRPT, but what company does everyone think of when it comes to MRAPs?
Navistar?

(sorry, I just don't get my hopes up anymore. Good news causes drops, bad news causes drops. I'm just hanging on this wild ride.)

Jo
 
Posted by Ace of Spades on :
 
Today may be the day for a reversal
 
Posted by Jo4321 on :
 
So far, so good. Up over 7% right now.

Just for fun, here's the banner currently on the Force Protection website.

 -
 
Posted by Jo4321 on :
 
After hours up to $23.49 (up .92 from the close of $22.57)

SPAR up another .50 after hours as well.

hmmmmm....

Jo
 
Posted by TimW on :
 
Im guessing you sold Jo? :-p
 
Posted by Jo4321 on :
 
NO! Believe it or not, I had my finger on the trigger at $22.50 but decided to wait and see what happenned because it looked like it was going strong into the close.

Course, that's probably a guarantee that these after hours gains won't hold.

Jo
 
Posted by Jo4321 on :
 
Okay, NOW I sold some. 500 shares at $22.90

This pre-solicitation just came out and I don't trust how the market will react. Seems that the Marines are opening the competition for MRAPII up to multiple vendors once again. In the long run, it will probably be a non-issue for FRPT.

http://www.fbo.gov/spg/DON/USMC/M67854/M6785407R5082/SynopsisP.html
 
Posted by Jo4321 on :
 
MRAP/IED Watch
Pentagon Preparing New MRAP Competition for EFP-Stopping Designs
DefenseAlert, July 2, 2007 -- The Pentagon is preparing to launch a new competition for Mine Resistant Ambush Protected vehicles capable of stopping explosively formed penetrators, effectively opening the field to new manufacturers in a race for a piece of the possible $20 billion-plus blast-resistant vehicle program that since January has been limited to a handful of companies.

http://www.insidedefense.com/
 
Posted by cspaude on :
 
Pre-market looks nice so far.
 
Posted by Jo4321 on :
 
You can thank my sale for that. [Wink]

Or this,

Racing to Defeat the Roadside Bomb

By Renae Merle and Ann Scott Tyson
Washington Post Staff Writers
Tuesday, July 3, 2007; Page D01

http://www.washingtonpost.com/wp-dyn/content/article/2007/07/02/AR2007070201708. html
 
Posted by Jo4321 on :
 
Contrarian Shopping List Motley Fool

http://www.fool.com/investing/general/2007/07/03/contrarian-shopping-list.aspx

BTW, I couldn't resist, bought half those shares I sold in after-hours last night back today at $22.40.

Jo
 
Posted by Jo4321 on :
 
July 3, 2007 11:48 AM PDT
Pentagon wants faster delivery of mine-resistant vehicles
Posted by Jonathan Skillings

http://news.com.com/8300-10784_3-7-0.html?keyword=armored+vehicles

Force Protection's Cougar MRAPs ship out.
 -
(Credit: Force Protection)

The military-industrial complex is moving double-time to get tough new vehicles to troops in Iraq.

The MRAP (Mine Resistant Armored Protection) vehicles are on a mission to provide a better shield against roadside bombs. They achieve that protection in part through a V-shaped undercarriage that rides high off the ground. In terms of overall strength, they fall somewhere between up-armored Humvees (which were never intended to provide much in the way of armor) and the thicker-skinned M2 Bradley fighting vehicle.

While they can't defend against all types of explosives, they have proven effective against shaped charges designed to pierce armored vehicles.

"These large IEDs (improvised explosive devices) can destroy an Abrams tank," Defense Secretary Robert M. Gates said last week. "But I think the experience of the Marines in Anbar suggests that the MRAP, and particularly with the V-shaped hull, does provide significantly enhanced protection for the soldiers and Marines inside."

One of the latest deliveries of MRAPs was airlifted to the Iraq theater of operations over the weekend, just a few days after a Defense Department panel recommended that the military procure as many of the vehicles as suppliers can crank out in the coming fiscal year. Typically, it can take 30 days to ship the vehicles by sea. The time needed for post-production work, such as rigging the MRAPs with communications gear, also usually takes about a month--but that has been trimmed by about a week.

"The department is embarking on an aggressive acquisition strategy to put as many of these armored vehicles into the field as fast as possible," Bryan Whitman, deputy assistant secretary of defense for public affairs, told Pentagon reporters Monday, according to the American Forces Press Service.

The weekend shipment was of an unspecified number of vehicles from Force Protection, of Ladson, S.C. The mainstay of the company's MRP line is the Cougar, which can be configured in either a 4x4 or 6x6 version, for duties ranging from troop transport to command and control to ambulance service. The larger model (weighing in at nearly 20 tons, plus a 13,000-pound payload) can carry up to 12 troops, while the smaller one (16 tons, plus a 6,000-pound payload), when assigned to bomb squad crews, can carry four troops and a large bomb-detection robot.

Both versions of the Cougar are equipped with a 330-horsepower Caterpillar C-7 diesel engine.

Force Protection says that to date it has received contracts for more than 1,800 MRAP vehicles. Production is scheduled to exceed 400 vehicles per month by February 2008, the company said in June.
 
Posted by Ace of Spades on :
 
I want FRPT to succeed so bad it hurts.... [Cool]

This stock has made so many dreams come true the last year and a half....especialy for some newbies that got lucky while betting the farm on a legit company [Wink]
 
Posted by Jo4321 on :
 
doing well this morning. Shoulda bought ALL my shares back.

Anyhow, here's some news:

GD Receives $111 million for Mine Protected Vehicle Work


General Dynamics Receives $111 Million for Mine-Protected Vehicle Work
Last update: 7/5/2007 10:00:00 AM

STERLING HEIGHTS, Mich., July 5, 2007 /PRNewswire-FirstCall via COMTEX/ -- General Dynamics Land Systems, a business unit of General Dynamics (GD), has received a $111.5 million work order from Force Protection Inc. to produce 235 vehicles for the U.S. Marine Corps' Mine Resistant Ambush Protected (MRAP) vehicle program.
Force Protection (FRPT) and General Dynamics have a partnership to share in the production and program management of the MRAP contact.

Force Protection was previously awarded a $221 million contract to produce 455 vehicles for the MRAP program. The latest MRAP delivery order purchases Force Protection's category I 4X4 and category II 6X6 Cougar vehicles. Fabrication and assembly will be performed in Anniston and Oxford, Alabama; Charlotte, Michigan; Ladson, South Carolina; Lima, Ohio; Kings Point, North Carolina; and Sealy, Texas.

About Force Protection
Force Protection manufactures ballistic- and mine-protected vehicles through its wholly owned subsidiary. These specialty vehicles are protected against landmines, hostile fire, and Improvised Explosive Devices (IEDs, commonly referred to as roadside bombs). Force Protection's mine and ballistic protection technology is among the most advanced in the world. The vehicles are manufactured outside Charleston, S.C. For more information on Force Protection and its vehicles, go to .
About General Dynamics

General Dynamics, headquartered in Falls Church, Virginia, employs approximately 82,600 people worldwide. More information about the company is available on the Internet at .
SOURCE General
 
Posted by cspaude on :
 
Up nearly 9%. If only I'd bought each time Melissa D. was bringing FRPT down.
 
Posted by Jo4321 on :
 
Well, Cspaude, you may get another chance....here's the latest from Melissa.
quote:


Force Protection Hits Bumps in Vehicle Contract Awards
By Melissa Davis
Senior Writer
7/5/2007 2:27 PM EDT
URL: http://www.thestreet.com/newsanalysis/manufacturing/10366327.html


Force Protection's (FRPT) biggest customer -- not the company itself -- provided this week's best fireworks show.

Force Protection had hoped to offer some explosive news by now, as it sought a last-minute order under this year's funding for the U.S. military's Mine-Resistant Ambush-Protected Vehicle program. Unless it secures a new contract soon, experts say, the company will fall short of the demand necessary to justify its expansion goals and hit its financial targets.

Instead, the military this week lit up the entire sector with news of rocketing MRAP funding that's up for grabs by all. Specifically, the Army reported on Monday that it has secured approval to purchase up to 17,770 MRAP vehicles -- seven times more than its previous authorization -- for future use in the global war on terror. The estimated value of the MRAP program could top $20 billion as a result.

News of the big expansion set a fire under the shares of Force Protection as well as those of competitor Navistar (NAVZ) . But a big order specifically earmarked for Force Protection would have fueled that company's shares even more.

The Army, however, has now emerged as the lead buyer of MRAP vehicles and, with its calls for speedy delivery from multiple suppliers, could threaten Force Protection's dominant leadership over the MRAP program.
Friend or Foe?

Force Protection's stock enjoyed a big bounce on Thursday, jumping 7.9% to $24.31 after the company's partner reminded investors of a recent contract win. Still, the shares remain well off the record $31 high they set just over a month ago.

So far, Force Protection's joint venture with General Dynamics (GD) , known as Force Dynamics, has scored the most MRAP orders of all. General Dynamics just announced its share of the venture's latest contract win -- touted by Force Protection already -- on Thursday. Notably, however, General Dynamics has been snagging some other military vehicle contracts without Force Protection's help.

Earlier this week, General Dynamics and General Motors (GM) partnered to win a $257 million deal to upgrade some vehicles for the Army. Shortly before that, General Dynamics scored a smaller upgrade contract on its own.

To be fair, both of those contracts fall outside the official MRAP program. Given recent developments, however, some feel that General Dynamics could be poised to win some MRAP orders by itself going forward.

"While GD/FRPT have captured a meaningful share of MRAP orders through the program that has been managed under the Navy, we also note that GD recently received a $20 million order placed directly from the Army for its RG-31 Mk5 offering" -- a vehicle that competes with Force Protection's own trucks, Jefferies analyst Howard Rubel pointed out on Tuesday. "Given the magnitude of the Army's now-official requirement, we may see further activity for the particular vehicle offering, in our view."

Rubel has a buy recommendation on General Dynamics' stock. His research partner, John Croke, has a long position in the company's shares.

Shares of General Dynamics recently were up 28 cents to $78.61, leaving them near the high end of their 52-week range.
Fierce Rival

Force Protection must defend itself against some other fierce competitors.

Late last week, the Australian Broadcast Corporation reported that the country's Thales, through a partnership with Oshkosh (OSK) , will soon land a contract to provide the U.S. Army with 1,500 Bushmaster MRAP vehicles worth "several hundred million dollars." That order, however, has yet to be confirmed.

Alternatively, Oshkosh could help another partner -- privately held Protected Vehicles -- supply the U.S. military with competing MRAP vehicles instead. Notably, the current leader of Protected Vehicles previously served as the chief technology officer for Force Protection.

Either way, experts believe Oshkosh could soon win a big piece of the action.

"We expect that OSK will get an initial MRAP order within the next two weeks," Barrington Research analyst Walter Liptak wrote last month. "Such an order would be in the 1,000-truck range for $550 to $600 million. [But] we could be severely underestimating the size of the MRAP program ... We could also be underestimating OSK's MRAP market share, at 20%, as the company has a reputation for producing high-quality heavy vehicles."

Oshkosh didn't report a big MRAP order by the deadline Liptak expected. But the MRAP program has significantly expanded -- and, with it, Oshkosh's potential opportunities -- in the meantime.

Liptak has an outperform rating on Oshkosh, which he values at $75 a share. The company's stock fell 10 cents to $65.96 on Tuesday.
Competitive Landscape

Meanwhile, Navistar has been setting a series of new highs despite a lack of audited financial statements. The company, once viewed as a long-shot contender in the high-stakes MRAP game, surprised the market in late May by winning the single largest MRAP order placed so far.

"A top positive factor for NAVZ with this 1,200-vehicle award is that NAVZ has become an approved U.S. government supplier of military vehicles," Liptak wrote last month. "In our view, NAVZ is now a player in the military vehicle product category with the potential to win more MRAP awards, produce new products and compete on other U.S. military platforms."

Navistar's stock, which fetched just $22 last summer, jumped another $1.05 to $72.30 on Thursday.

Looking ahead, some believe that BAE Systems -- another big MRAP winner -- could enjoy a rally of its own. BAE, which is poised to buy rival Armor Holdings (AH) soon, recently landed a $212 million MRAP contract despite government scrutiny of the company's business practices.

BAE secured that MRAP deal just days after revealing a Department of Justice probe that sent the company's stock tumbling. Deutsche Bank analyst Ben Fidler sees a buying opportunity as a result.

The MRAP contract "shows that the U.S. Department of Defense won't hold back orders while the investigation is ongoing," Fidler stressed on Friday. "Note that there are still many more MRAP orders to come. [Meanwhile] , only three companies have been awarded MRAP contracts so far -- and BAE is one of the three."



 
Posted by cspaude on :
 
Can you believe that? There really was no substance to her article. It was simply digging up bones...rehashing the same old news with a new spin. Trying to scare people to sell. What gives with her? It didn't look like the article had any effect on today's rally.
 
Posted by Jo4321 on :
 
I was surprised that it didn't have much effect this time. Of course, it was because I sold some when it came out!

I think she is like white noise now. Noone pays attention anymore.

Jo
 
Posted by T e x on :
 
news has become less volatile; on chart linked below, notice the volume increase. I suspect this will slip and channel, comparable to Sep-Dec 06:

http://stockcharts.com/h-sc/ui?s=FRPT&p=D&yr=1&mn=6&dy=0&id=p07789949897
 
Posted by cspaude on :
 
The recent event below and videos I've seen of the RG-31 taking IED's in Iraq and failing lead me to believe the RG-31 is poor competition in the MRAP program.

7 killed as Canadian RG-31 Fail to Stop an RSIED in Afghanistan

Six Canadian soldiers and an Afghan interpreter were killed Wednesday as their RG-31 armored vehicle was hit by a RoadSide Improvised Explosive device (RSIED) as they were returning form a mission, about 20 km south west of Kandahar in Southern Afghanistan. According to the Edmontonsun.com, Canadian soldiers in Afghanistan have long regarded the four-wheeled armored truck as the ultimate protection against such attacks. Until the latest attack, troops riding in the vehicle had often survived gunfire and roadside blasts with minor or no injuries. However, experts are questioning its ability to withstand more substantial threats. Until this fatal incident RG-31s demonstrated a high level of survivability against typical threats encountered in Iraq and Afghanistan. The vehicle is operated by US and Canadian forces. Four Canadian soldiers credited the Nyala RG-31 with saving their lives in a suicide attack in September 06. The vehicle was damaged, but the soldiers inside it were unscathed. However, a month later, the Canadians suffered the first fatality when one of the vehicles was penetrated killing the gunner.
 
Posted by glassman on :
 
quote:
Originally posted by cspaude:
Can you believe that? There really was no substance to her article. It was simply digging up bones...rehashing the same old news with a new spin. Trying to scare people to sell. What gives with her? It didn't look like the article had any effect on today's rally.

i did a little digging on her and the streetdotcom awhile back,

maybe this would explain alot?

from the THESTREET COM
Form:10-K Filing Date:3/31/2003

Building on the Company's strategy of expanding its offerings to the
professional sector, in the fourth quarter of 2002, we formally began the
development of a new subsidiary, Independent Research Group LLC ("IRG"). IRG has
been formed for the purpose of generating independent proprietary equity
research for use by institutional clients. In that connection, IRG has applied
for registration with the Securities and Exchange Commission (the "SEC") and
membership in the NASD as a broker-dealer. This will enable IRG's institutional
clients to trade through IRG, and allows IRG to collect commissions on such
trades in payment for the equity research IRG provides to them. We anticipate
that IRG will commence operations as a broker-dealer in the second quarter of
2003.



http://sec.edgar-online.com/2003/03/31/0000811206-03-000003/Section2.asp

they started to close IRG a couple years later, but it's still being shown as "in liquidation" as of this last 10Q...

this is weird IMO:

. Filing Date: 5/10/2007 Form Type: 10-Q

RECENT EVENTS

On January 3, 2007, the Company announced that it reached an agreement to form a joint venture with A.R. Media, a New York-based media holding company, to create a new Web site called Stockpickr - "The Stock Idea Network." Stockpickr, located at www.stockpickr.com, allows its members to compare their portfolios to others in the network, scan portfolios for investment ideas and open a dialogue with like-minded investors in a secure environment. A.R. Media owned 50.1% and TheStreet.com 49.9% of the venture. On April 25, 2007, the Company announced the acquisition of the remaining 50.1% stake in Stockpickr.com that it did not already own.

 
Posted by Vance on :
 
Hey gang. I remember reading awhile back on this thread something about companies getting a competitive edge in bidding for jobs if they were a smaller company or a company ran by minorities. I have looked all through the previous pages but can't find what I'm looking for. Does anyone know what I'm talking about to point me in the right direction? TIA
 
Posted by Jo4321 on :
 
I know the last contract referred to Force Protection as "Small business qualifier"

http://www.defenseindustrydaily.com/2217m-to-force-protection-for-455-more-couga rs-03406/

quote:
$221.7M to Force Protection for 455 More Cougars
29-Jun-2007 09:45 |

Small business qualifier Force Protection Industries, Inc. in Ladson, SC has received a $221.7 million firm-fixed-priced delivery order #0004 under previously awarded contract (M67854-07-D-5031) for additional 395 Cougar 4×4 Category I MRUV patrol vehicles, and 60 Cougar 6×6 Category II JERRV squad vehicles under Low Rate Initial Production (LRIP) contracts for Mine Resistant Ambush Protected (MRAP) vehicles.


These links may help

http://osdbu.dot.gov/OSDBUSERVICES/tabid/70/Default.aspx

http://www.access.gpo.gov/nara/cfr/waisidx_03/13cfr121_03.html

Jo
(wouldn't you know, I put in an order for $23.75 to rebuy the shares I sold yesterday at $24.30. Look what the LOD is. Sigh. I stink at flipping!)
 
Posted by Vance on :
 
thanks Jo, I appreciate the info...
 
Posted by Jo4321 on :
 
Well, looks like I got those $23.75 shares after all. (with my typical bad timing!)

Here's a little Fluff that came over the streamer....

Zacks $100K Challenge 2007 Top Player InterviewTop Tankers, Micron Technology, VeriChip Corporation, True Religion Apparel and Force Protection
BusinessWire
1:49 p.m. 07/06/2007


CHICAGO, Jul 06, 2007 (BUSINESS WIRE) -- Zacks.com introduces its $100K Challenge 2007 top player interviews, which feature insights from the leaders of the Zacks Simulator game. This year the Simulator's $100K Challenge allows investors to prove their stock picking abilities by competing directly against other players for a possible $100,000 contract with Zacks.

Daniel Kepke (aka: Danny1992) is a chartist who tries to buy stocks that are experiencing an up trend and preferably from a 52-week low level. The Zacks $100K Challenge contender also screens for solid dividends and price-to-earnings (P/E) multiples of 20 or higher. "I look for many things, like I see if the stock has a good dividend and if it has a P/E of 20 or higher because I believe those stocks move the most. They are the most speculative," noted Daniel.

This player's strategy seems to be working as evidenced by his Simulator portfolio that currently boasts an overall return of 51% since the start of the year. Daniel's holdings include Top Tankers Inc. (TOPT), Micron Technology Inc. (MU), VeriChip Corporation (CHIP), True Religion Apparel Inc. (TRLG) and Force Protection Inc. (FRPT) . Click here for the full story exclusively on Zacks.com: http://at.zacks.com/?id=2518 .

Highlights from the June 27 interview include:

When is it time to exit out of a position?

From a technical standpoint, this market player will get out if he sees a down trend forming. Fundamentally, slower growth will be a signal for Daniel to cash in. He added, "Sometimes I sell if the inside traders are selling a lot of stock, or sometimes I sell if I need the money for something else."

Any advice for those who are just starting to test the market waters?

"My advice for those who are just starting out is to buy long-term stocks," the market enthusiast answered. "I also think beginners should buy stocks on an up trend. You can make some fast money with that strategy."

Stocks that Daniel is currently holding include Top Tankers Inc. (TOPT), Micron Technology Inc. (MU), VeriChip Corporation (CHIP), True Religion Apparel Inc. (TRLG) and Force Protection Inc. (FRPT) . Click here to check out this competitor's complete portfolio: http://at.zacks.com/?id=3314 .

Check out the complete interview and learn more about the Simulator at: http://at.zacks.com/?id=2518 .

The $100K Challenge is On! Do You Have What it Takes?
 
Posted by Jo4321 on :
 
Ouch! That smarts!

Well, at least with FRPT, the pain is usually only temporary.

Jo
 
Posted by Jo4321 on :
 
Test Drive BoostsU.S. Marines’ Interest In Cheetah Vehicle

http://www.defensenews.com/story.php?F=2879605&C=mideast
 
Posted by Jo4321 on :
 
Force Protection Plans to Start Building Third Line of Vehicles

2007-07-09 11:19 (New York)


By Edmond Lococo
July 9 (Bloomberg) -- Force Protection Inc., the largest maker of blast-resistant trucks for the U.S. Marine Corps, plans
to begin producing its third line of vehicles before the end of this year.
The company will open a plant that will build 70 to 90 of the new Cheetah vehicles in the fourth quarter. It will produce
trucks at an annual rate of 2,000 in 2008, Michael Aldrich, vice president for government relations at Ladson, South Carolina-
based Force Protection, said in an e-mail today.

The Cheetah is a lighter, faster truck than the company's Cougar and Buffalo vehicles now being used in Iraq and Afghanistan. It features the same blast-deflecting V-shaped hull
as those vehicles, which the Marine Corps has said are four times safer than flat-bottomed trucks. At 8 tons, the Cheetah is
less than half the weight of the 17-ton Cougar.

``The Cheetah production is being set up to offer a lower-weight, greater-mobility, faster and equal protection-level solution for our customer base and future buyers of blast-
protected vehicles,'' Aldrich said.

The Cheetah, prototypes of which were unveiled in October, has a cruising speed of 80 miles per hour, compared with 55
miles per hour for the Cougar, he said.

Shares of Force Protection rose 18 cents to $23.53 at 11:14 a.m. New York time in Nasdaq Stock Market composite trading. They had gained 34 percent so far this year before today.

Like Detroit

Aldrich declined to detail the location of the new plant,saying the announcement will be made in the next few weeks.

Force Protection hasn't received any Cheetah orders yet, he said. The company will begin building the trucks commercially,
without a Pentagon order, because it expects there will be demand for it both from the U.S. and allied nations. ``We are producing it like Detroit puts out a new car line,'' Aldrich said.

The Marine Corps has ordered blast-resistant trucks valued at more than $1.7 billion from six companies since January, and Force Protection has captured the largest share with about 44 percent.

Force Protection splits production of Cougar vehicle awards evenly with Falls Church, Virginia-based General Dynamics Corp.
through a 50-50 joint venture set up last year.

Force Protection will manage 100 percent of the Cheetah output, and not make use of the joint venture with General Dynamics, Aldrich said
 
Posted by cspaude on :
 
quote:
Originally posted by Jo4321:
`We are producing it like Detroit puts out a new car line,'' Aldrich said.

Well I hope they sell it like Toyota then.
 
Posted by Jo4321 on :
 
Make way for one big, bad movie star - In Today's Post and Courier
Make way for one big, bad movie star
By Peter Hull (Contact)
The Post and Courier
Tuesday, July 10, 2007

DreamWorks-Paramount/AP

Force Protection's heavy-duty Buffalo mine-clearing vehicle plays one of the 'bad guys' in the science-fiction film 'Transformers.' The Ladson-based company has received a lot of positive feedback since the film opened.
In the real world, Force Protection Inc.'s vehicles are designed to protect the good guys. But in the blockbuster movie "Transformers," the Ladson-based company's armored military trucks cross over to the dark side.

Force Protection's heavy-duty Buffalo model has a starring role in the live- action science-fiction film based on the popular 1980s cartoon and toy line. The film opened in theaters last week, rolling over the competition by raking in nearly $68 million.

When Force Protection was approached by producers about using one of its vehicles as an "actor" in the picture, the company thought it would be a neat way to further showcase its products, spokesman Tommy Pruitt said.

But since the movie's release, the company and its roughly 1,000 employees have experienced an unexpected boost — in morale. The company and its workers have received a lot of feedback, all of it positive, he said. "It's neat for them to see something they played a part in building," Pruitt said.

Force Protection held a special "Transformers" screening for about 275 guests, including some local service members, the night before its general release. A big cheer went up when the Buffalo first appeared on screen, Pruitt said.

The company plans to give two tickets to the film to all employees, he said.


Wade Spees

A Buffalo armored vehicle at the Force Protection plant in Ladson
The movie stars Shia LaBeouf as Sam Witwicky, who has the map to the Allspark, the center of the war between the heroic Autobots (the good guys) and the evil Decepticons (the bad guys). In the film version, the Allspark is a device that grants power over mechanical life.

The Buffalo plays a Decepticon named Bonecrusher, who along with fellow meanies — Barricade, Blackout, Devastator, Frenzy, Megatron, Scorponok and Starscream — battles the Autobots for the key to unlimited power.

The Autobots — short for Autonomous Robotic Life Form — are Bumblebee, Ironhide, Jazz, Optimus Prime and Ratchet.

Action figures of the "characters," including Bonecrusher, are available in stores. Force Protection does not receive a cut of the box office receipts, but it does have a royalty agreement with toy maker Hasbro, Pruitt said. He declined to disclose details of the deal.

Pruitt allowed that the company had hoped that the Buffalo, which the military uses to clear mines in places such as Iraq and Afghanistan, wouldn't play a bad guy. "We would have preferred to be on the good guys' side, but in real life, we are," he said.

Reach Peter Hull at 937-5594 or phull*postandcourier.com.
 
Posted by Jo4321 on :
 
Time to TIVO:

From Catalyst

Force Protection Industries, Inc. has been notified that Fox News Channel has, subject to scheduling changes, slated a feature on the company and its newest vehicle series, Cheetah, to air during the Special Report with Brit Hume program this evening. The broadcast airs from approximately 6:00 PM to 7:00 PM, Eastern Daylight Time
 
Posted by kywee on :
 
http://images.businessweek.com/ss/07/07/0711_weapons/index_01.htm

Go to the second picture at the bottom and it reads:

One Protective Cat
The Cougar from Force Protection Industries is the most widely sought-after armored vehicle under the military's Mine Resistant Ambush Protected (MRAP) program. The vehicle is designed with a V-shaped underbody that was adapted from the hull of the speedboats the company used to make. Force Protection has now won more than $1 billion in Cougar orders, including contracts for almost half of the armored vehicles being purchased through MRAP.
 
Posted by Jo4321 on :
 
Dang, this is harsh! There goes our pps again.
--------------------------

Breaking: Armor-Makers "Risked Soldiers' Lives," Says Pentagon I.G. (Updated)

By Noah Shachtman July 11, 2007 | 4:11:14

A report from the Pentagon's Inspector General, obtained by DANGER ROOM, is accusing the Marine Corps, the Army, and suppliers of armored vehicles of contractual wrongdoings which "increased risk to the lives of soldiers."

The Marine Corps Systems Command "continued to award contracts for armored vehicles" to one firm, Force Protection, Inc., "even though [the company] did not perform as a responsible contractor and repeatedly failed to meet contractual delivery schedules for getting vehicles to the theater," the report says.

Another contract, handed out by the Army's Tank-Automotive and Armaments Command (TACOM) to a subsidiary of Armor Holdings, Inc. may have been even more harmful. The Army "did not receive all of the crew protection kits in accordance with the contractual delivery schedule. Furthermore, the increased crew protection kit installation time, the additional reinspection of kits in theater, and the late deliveries all resulted in increased risk to the lives of soldiers."

One of the themes that the report highlights is the resistance of officials to pursue competition, even when it was evident that other options were out there. This comes up, for example, with Force Protection's Cougar MRAP vehicle:

[The MCSC] plan called for competition, testing to meet the mine and ballistic requirements, and options to procure production units. It became clear that the requirements for mine and ballistic protection are not clearly understood by the JRAC. There was discussion about sole sourcing to the manufacturer of Cougar. We indicated there are several vendors with similar capability and we should run a competition to include ballistic and mine testing to validate their capabilities. There was great resistance to competing and doing anything other than buying what currently exists, and accepting the marketed capabilities of [that] system….The JRAC discussed their ability to procure up to $100M of urgent and compelling equipment but that would require a sole source, not a competitive procurement, to justify its use.

Marine Corps Systems Command officials may have wanted to consider competition but, the report notes, the "Joint Improvised Explosive Device Defeat Integrated Process Team selected the sole-source option."

The IG report was done at the request of Rep. Louise Slaughter (D-NY).
 
Posted by minkybodl on :
 
http://www.louise.house.gov/images/final_armoredvehicles.pdf


Link to the full report, summary reported that,

The Commandant of the Marine Corps concurred,
stating that MCSC will consider incorporating a liquidated damages clause into future contracts with FPI as it does with all contracts. The Commandant further stated that FPI had four production lines operating and was producing vehicles at or exceeding the requirements of the MRAP contract in January 2007. The Commandant stated that FPI appears to have a solution to produce vehicles at an accelerated rate.
 
Posted by Jo4321 on :
 
I am bleary-eyed from reading through that whole report, but at least I am ready for tommorrow.

....maybe.

Jo
 
Posted by Jo4321 on :
 
some response by Force Protection in this version:

http://www.charleston.net/news/2007/jul/12/armored_vehicle_contracts_draw_fire/? print
quote:

Force Protection issued a statement late Wednesday that said it was "disappointed" with the report. "We have consistently operated under urgent operational needs and have sought diligently to meet government requirements under extremely short timeframes," the company said. "When delays in deliveries have occurred, it has been representative not of a problem with the vehicle nor the system, but that even a minor glitch in the supply chain can push things back under such tight parameters."

Company spokesman Tommy Pruitt pointed out that the report examined contracts under a program that ended about two years ago, the Joint Explosive Ordnance Disposal Rapid Response Vehicle, which began when the company was just starting to expand its staff and facilities to increase production.

Pruitt acknowledged that Force Protection did fall behind schedule last month, but the company worked through the July 4 holiday and is now caught up.

Under the current Mine Resistant Ambush Protected vehicle program administered by the Marine Corps, the company has won orders for about 1,600 vehicles. "If we were continuing to do a bad job on deliveries, we would not expect to continue getting contracts," Pruitt said.

and...
http://www.thestate.com/business/story/116217.html

quote:
Force Protection said it was disappointed in the report findings. The audit was based on contracts awarded in 2005 at a time when the company was rapidly expanding, said Tommy Pruitt, a Force Protection spokesman.

Since then, the company has expanded its production capacity and is meeting deadlines, he said.

“We are right now on or ahead of schedule for all the vehicles we have contracts on,” Pruitt said.


 
Posted by cspaude on :
 
This reminds me of a Tom Petty song....
 
Posted by Jo4321 on :
 
I'll say! That was hard to watch this morning! I should have just stayed in bed.

Jo
 
Posted by cspaude on :
 
Well at least it reversed promptly and IMO it looks like it will gradually creep up towards the open at EOD.
 
Posted by Jo4321 on :
 
I'm glad I didn't get shaken out of my shares, but I'm disappointed that I didn't buy more at those levels.

It was just too scary.

Amazingly, we just went green for a second or two!

Jo
 
Posted by Jo4321 on :
 
And MORE GREEN! Can we get past $23.00?

This was a flipper's delight today.

Jo
 
Posted by Mortimer on :
 
quote:
Originally posted by Jo4321:
I'm glad I didn't get shaken out of my shares
Jo

[Frown] I got all shook up [Frown]

I'll try catch up with you guys later.
 
Posted by Jo4321 on :
 
Well, I guess this comes as no surprise...another Melissa Davis Article. (read it here and don't give her the "click")


Force Protection (FRPT - Cramer's Take - Stockpickr - Rating) may have run into a bit of a landmine.

For years, the Ladson, S.C., defense contractor monopolized the market for blast-resistant vehicles by boasting superior products and rapid delivery rates. But a damaging government report, published late last month by the Office of the Inspector General, raises questions about both claims.

For starters, the OIG report suggests that another company offered a suitable vehicle - with a faster deliver schedule - even though the military singled out Force Protection as the only viable contender when awarding the company big contracts without seeking competitive bids. Moreover, the report claims that Force Protection repeatedly missed delivery deadlines - despite an expansion project financed by the government - and escaped mandated penalties because of threats to the company's cash flow and overall financial condition.

The government's financial assistance supposedly came with strings attached. With 98% of its orders missing deadlines by early 2006, the report estimates, Force Protection faced up to $6.6 million in liquidated damages. Force Protection would have struggled to cover those extra costs, since - even without them - its auditors raised concerns about the company's ability to survive just a few months later. Losing the military as its only customer might have killed the company altogether.

Instead, Force Protection not only dodged expensive fines but also went on to score additional vehicle contracts and emerge as the leader in a field now crowded with larger competitors. Force Protection, through a joint-venture with heavyweight defense contractor General Dynamics (GD - Cramer's Take - Stockpickr - Rating), currently ranks as the biggest winner under the military's multibillion-dollar Mine-Resistant Ambush-Protected vehicle program.

Force Protection did not immediately respond to a telephone message left by TheStreet.com Thursday morning. However, the company seemed almost apologetic when discussing the situation with Bloomberg News the previous afternoon.

"We have continually given the government our most aggressive, best delivery schedule," Michael Aldrich, Force Protection's vice president of government relations, told Bloomberg News on Wednesday. "With increasing numbers and a more complex flow of materials, it is inevitable that our most aggressive schedule will be disrupted from time to time by lack of critical materials."

However, Aldrich conceded, "because we've been late, we need to provide compensation to the government, and we are negotiating on that."

Meanwhile, Force Protection has failed to monopolize MRAP - as many analysts expected - after the company missed its early deadlines and the military started welcoming other bidders. Moreover, the company faces mounting competition and calls for sturdier vehicles as it seeks to maintain its leadership position under a greatly expanded MRAP II program.

Still, until now, the government has complained little about Force Production's delivery delays. Indeed, in a February article published by the Marine Corps Times, Marine spokesman Bill Johnson-Miles singled out Force Protection as one of two companies that "have shown their reliability to produce vehicles, meaning they meet Marine Corps Systems Command survivability, production number and delivery timeline requirements."

At the same time, Force Protection itself has been boasting about "record" production rates and the company's ability to meet - and even exceed - tight deadlines. But David Phillips, a financial expert known as the "10-Q Detective," has always felt skeptical about Force Protection's claims.

"The company was so concerned with living up to the hype that it kept booking contract after contract," says Phillips, who has no position in Force Protection's stock himself. "But I never felt that management had the skill set - or that the company had the manufacturing capacity - to follow through on that volume."

Force Protection insiders haven't exactly displayed total confidence in the company, either. Notably, even as Force Protection touted its achievements, insiders were busy dumping loads of company shares. Thanks to stock sales, in fact, Force Protection's longtime chairman recently retired from his post as a multimillionaire.

Bulls like to argue that Force Protection executives sold their stock under prearranged plans. However, bears counter that those executives are free to cancel future sales - and might want to if they expected the stock to climb - any time they wish.

To be fair, ordinary shareholders have gotten rich on Force Protection's meteoric rise as well. But Phillips, for one, worries that investors could pay a steep price for their trust in company management in the end.

"The stock went from $3 to $30 on the expectation that the company was delivering the goods," he says. "But to be honest - as the Pentagon pointed out - the company did not deliver on its promises."

After dropping sharply in early trading, Force Protection shares bounced back Thursday to rise a dime to $22.79.
 
Posted by Jo4321 on :
 
And here's some news to conteract her article.
---------------------------

Press Release Source: Force Protection, Inc.

Force Protection Acquires New Vehicle Production Facility
Thursday July 12, 4:15 pm ET


LADSON, S.C.--(BUSINESS WIRE)--Force Protection, Inc. (NASDAQ:FRPT - News) today announced it has purchased a new 430,000 square foot facility in Roxboro, NC. Force Protection plans to use the Person County facility for additional capacity for current and future products including its new Cheetah vehicle line. The company's ownership is effective today.

Force Protection is a leader in producing the world's most advanced mine protected vehicles that have become the gold standard for troop safety against the threat of improvised explosive devices (IEDs), land mines, and roadside bombs.

"This is an exciting development for Force Protection," said COO Raymond Pollard. "This will be a strategically important facility for the company, as it will enable us to continue to ramp up MRAP vehicle deliveries on the Cougar and Buffalo lines while simultaneously producing the next generation Cheetah vehicle series. At this new facility, we will initially have the capacity to produce approximately 2,000 vehicles in 2008."

"Force Protection is excited about establishing this significant new manufacturing capability in North Carolina," said Executive Vice President Dan Busher. "North Carolina and Person County understand the urgency of delivering more of our life saving products to our armed forces and have worked with us to identify the right set of facilities and resources to accomplish that mission. The broad based community involvement in understanding our needs and proposing solutions has really been outstanding."

Force Protection's Cheetah vehicle was recently featured in a Fox News Channel special report, and will join the Cougar and Buffalo vehicles that have an unmatched record for troop safety in Iraq and Afghanistan since 2003.

Force Protection is a leading ballistics research and manufacturing enterprise, specializing in the development and production of highly reinforced armored personnel carriers that are designed to save soldiers' lives by shielding them from the deadly effects of roadside bombs, or IEDs, which have become a leading killer of U.S. troops in Iraq. The trucks' unique, V-shaped hull is designed to deflect the force of IED blasts away from the vehicle, keeping soldiers inside safe and alive, and have become the proven response to an emerging global threat to U.S. troops. Its leading models include the 23 ton "Buffalo", a uniquely-designed mine clearance vehicle with a reinforced mechanical arm, and the family of "Cougar" vehicles, both of whose mine and ballistic protection capabilities are among the most advanced in the world. The vehicles are manufactured outside Charleston, SC. Visit the company's website at www.forceprotection.net.

This release contains forward-looking statements, including, without limitation, statements concerning our business, future plans and objectives and the performance of our products. These forward-looking statements involve certain risks and uncertainties ultimately may not prove to be accurate. Actual results and future events could differ materially from those anticipated in such statements. The company cautions that these forward looking statements are further qualified by factors including, but not limited to, those set forth in the company's Form 10-K filing and other filings with the United States Securities and Exchange Commission (available at http://www.sec.gov) and the company's public statements. The company undertakes no obligation to publicly update or revise any statements in this release, whether as a result of new information, future events or otherwise, except as required by law.


Contact:
Force Protection, Inc.
Media Contact:
Policy Impact Communications
Jeff Child, 202-737-5339
 
Posted by Jo4321 on :
 
Here's another good article. It's going to be a classic struggle between good and evil tommorrow.

Force Protection May Rise to Record on Cougar, Buffalo Sales

http://www.bloomberg.com/apps/news?pid=conewsstory&refer=conews&tkr=FRPT:US&sid= asL_nZnSXrnc
 
Posted by Jo4321 on :
 
Woo hoo! The company speaks!!!

----------------------------------------------

Force Protection, Inc. Offers Comment on Report by Pentagon's Inspector General
Last update: 7/13/2007 8:30:03 AM\

LADSON, S.C., Jul 13, 2007 (BUSINESS WIRE) -- Force Protection, Inc. (FRPT) today offered comment on a June 27 report issued by the Pentagon's Inspector General that criticized the U.S. Marine Corps for awarding sole source armored vehicle contracts to the company in 2005, despite delays in delivering the vehicles on schedule.

"Like all Americans, we are disappointed with some of the findings in the Inspector General's report," said Force Protection CEO Gordon McGilton. "From its beginnings, Force Protection's objective has been to provide the finest lifesaving vehicles in the world. We have consistently operated under urgent operational needs and have sought diligently to meet government requirements under extremely short timeframes. However, we believe that recent press coverage on the report has missed some key findings. As stated clearly on page 26, 'the Cougars and the JERRVs proved to have significant and operational value to our warfighters on the field.' The report also states that, 'We reviewed documentation from users and classified data on vehicle performance and learned that the vehicles performed well and saved lives.'

"When past delivery delays have occurred it has been representative that even a minor glitch in the supply chain can push things back under such tight parameters," McGilton said. "Enormous progress has been made in fielding this proven, battlefield solution years ahead of traditional defense schedules. Tens of thousands of our servicemen and women are alive and have reunited with their families and friends at home because of the protection provided by our vehicles. Force Protection will continue to work with the Department of Defense to produce and improve upon the best blast and ballistic protection technology in the world."
Force Protection's vehicles have become the gold standard in troop protection against IEDs, roadside bombs, and land mines. The vehicles have logged more than three million hours of heavy combat operations and withstood thousands of blast attacks in Iraq and Afghanistan since 2003.

Force Protection is a leading ballistics research and manufacturing enterprise, specializing in the development and production of highly reinforced armored personnel carriers that are designed to save soldiers' lives by shielding them from the deadly effects of roadside bombs, or IEDs, which have become a leading killer of U.S. troops in Iraq. The trucks' unique, V-shaped hull is designed to deflect the force of IED blasts away from the vehicle, keeping soldiers inside safe and alive, and have become the proven response to an emerging global threat to U.S. troops. Its leading models include the 23 ton "Buffalo", a uniquely-designed mine clearance vehicle with a reinforced mechanical arm, and the family of "Cougar" vehicles, both of whose mine and ballistic protection capabilities are among the most advanced in the world. The vehicles are manufactured outside Charleston, S.C. Visit the company's website at .

This release contains forward-looking statements, including, without limitation, statements concerning our business, future plans and objectives and the performance of our products. These forward-looking statements involve certain risks and uncertainties ultimately may not prove to be accurate. Actual results and future events could differ materially from those anticipated in such statements. The company cautions that these forward looking statements are further qualified by factors including, but not limited to, those set forth in the company's Form 10-K filing and other filings with the United States Securities and Exchange Commission (available at ) and the company's public statements. The company undertakes no obligation to publicly update or revise any statements in this release, whether as a result of new information, future events or otherwise, except as required by law.
SOURCE: Force Protection, Inc.
Force Protection, Inc.
Media:
Policy Impact Communications
Jeff Child, 202-737-5339
 
Posted by cspaude on :
 
Noticed this paragraph to be the opposite of what my best friend Melissa said.

Force will continue to ``exceed expectations,'' Kavanaugh, 47, said in an interview one week after stepping down on June 21. His share sales were part of a prearranged plan for company executives, which can't be altered once put into place, he said.
 
Posted by cspaude on :
 
Guess we'll see what Monday brings. Looks like AH got a $518mil contract for 1170 vehicles.
 
Posted by Jo4321 on :
 
I don't wanna talk about it. [Frown]

Jo
 
Posted by Livinonklendathu on :
 
Well it closed above 20, that's a good thing. Melissa at it again:


http://www.thestreet.com/_mktw/s/armor-deal-dents-force-protection/newsanalysis/ general/10368075.html
 
Posted by cspaude on :
 
And Melissa once again. I refuse to read it. More mindless crap. I think she's trying for the crushing blow to FRPT.
 
Posted by Jo4321 on :
 
I still don't want to talk about it [Frown]

>sulk<

Jo
 
Posted by minkybodl on :
 
Gates asking to shift 1.3 billion for more MRAP's for this year.

http://www.reuters.com/article/topNews/idUKN1725706220070717?rpc=44
 
Posted by minkybodl on :
 
http://www.thestate.com/business/story/122411.html

http://www.marketwatch.com/news/story/force-protection-seen-having-inside/story. aspx?guid=%7B7D23A2CC%2D09B0%2D4821%2DBFF0%2D44124288AF65%7D&siteid=yhoof

Both articles about the new money, 1.2 billion, saying good things about FRPT.
 
Posted by Jo4321 on :
 
Now I REALLY don't want to talk about it!

Jo
 
Posted by cspaude on :
 
Is this why Jo?

International Military and Government LLC, Warrenville, Ill., is being awarded $413,869,860 for firm-fixed-priced, delivery order #0004 under previously awarded contract (M67854-07-D-5032) for an additional 755 Category I (CAT I) Mine Resistance Ambush Protected (MRAP) Low Rate Initial Production (LRIP) vehicles. The CAT I is an MRAP vehicle provided for the Marine Corps and other Joint Forces that is needed in convoy operations. The MRAP vehicles are required to increase survivability and mobility of troops operating in a hazardous fire area against known threats such as small arms fire, rocket propelled grenades, and improvised explosive devices. Work will be performed in WestPoint, Miss., and work is expected to be completed by February 2008. Contract funds will not expire at the end of the current fiscal year. This contract was competitively procured. The Marine Corps Systems Command, Quantico, Va., is the contracting activity.
 
Posted by cspaude on :
 
It was for Cat I and my understanding is FRPT doesn't really have the delivery system for their Cat I vehicles in place yet. Correct me if I'm wrong. Bring on some Cat II and III contracts so FRPT doesn't get hammered any further!!
 
Posted by cspaude on :
 
Alright this is pissing me off. How many vehicles has the street been forecasting that FRPT gets????? All of them? FRPT is the only one that gets slammed or even goes negative when someone else wins a contract.
 
Posted by cspaude on :
 
Disregard the Cat I comments....I'm thinking of the cheetah program. Melissa on Monday or Tuesday, guarantee it.
 
Posted by TimW on :
 
Im going to make a guess that 17 is about the bottom and buy back in.

Lets see some more $ !
 
Posted by cspaude on :
 
I LOVE losing money. It's great. Any idea what's going on here?
 
Posted by cspaude on :
 
Anybody looking at buying more? It may be a victim of the broader market and also some sympathy with SPAR's disappointing earnings.
 
Posted by lostone on :
 
i think 14.80's was a safe level..
 
Posted by Jo4321 on :
 
I hit stops at $15.30 and $15.00

Still have plenty left to give me heartburn though.

Oh, and I hold SPAR too. Double whammy!

Jo
 
Posted by a surfer on :
 
Dow down 500 in past week is not helping anything as you pointed out cspaude.

It sure would help buyer confidence to see some inside buys too.

http://www.secform4.com/insider-trading/1032863.htm

I realize they needed capital for production but enough is enough.

$72,000,000 is massive.
 
Posted by Livinonklendathu on :
 
Part of the problem I think, not good having this looming:


http://sec.freeedgar.com/displayHTML.asp?ID=5320086
 
Posted by cspaude on :
 
Is there going to be news of a contract after hours? Or did people realize FRPT has pulled back way too far? Up about 6.5%!
 
Posted by cspaude on :
 
Well, no contract reported and the rally, like the broader market, didn't hold. Still an up day though.
 
Posted by Jo4321 on :
 
Here you go Cspaude: [Smile]


http://biz.yahoo.com/bw/070801/20070801005753.html?.v=1

Press Release Source: Force Protection, Inc.

Force Protection, Inc. Awarded $5.3 Million Contract For New ILAV Vehicles and Equipment
Wednesday August 1, 10:05 am ET


LADSON, S.C.--(BUSINESS WIRE)--Force Protection, Inc. (NASDAQ:FRPT - News) today announced it has received work totaling $5.3 million to produce more than 40 articulating interrogation arms for the Iraqi Light Armored Vehicle (ILAV). As part of this award, a total of 22 additional new vehicles will also be produced at the Ladson, SC facility. Deliveries are scheduled for December 2007.

Used to detect and remove suspected explosive threats, the articulated arm will be integrated into existing ILAV vehicles produced by BAE Land & Armament Systems as prime contractor and Force Protection as subcontractor. An award for 378 ILAVs was received in May 2006 to support the U.S. Army's training and mission transition efforts with Iraqi armed forces.

"This contract represents an important component of Force Protection's operations," said Force Protection CEO Gordon McGilton. "We have always been committed to the continuing innovation and enhancement of our counter-IED technology. We are pleased with the opportunity to provide additional equipment that will expand upon the capabilities of the ILAV and provide needed protection for the new Iraqi ground forces."

The ILAV is based on the proven design of the Cougar vehicle produced by Force Protection, which has been deployed in Iraq and Afghanistan since 2004. The first ILAVs were delivered to Iraq 90 days after the contract was awarded.

Force Protection is a leading ballistics research and manufacturing enterprise, specializing in the development and production of highly reinforced armored personnel carriers that are designed to save soldiers' lives by shielding them from the deadly effects of roadside bombs, or IEDs, which have become a leading killer of U.S. troops in Iraq. The trucks' unique, V-shaped hull is designed to deflect the force of IED blasts away from the vehicle, keeping soldiers inside safe and alive, and have become the proven response to an emerging global threat to U.S. troops. Its leading models include the 23 ton "Buffalo", a uniquely-designed mine clearance vehicle with a reinforced mechanical arm, and the family of "Cougar" vehicles, both of whose mine and ballistic protection capabilities are among the most advanced in the world. The vehicles are manufactured outside Charleston, S.C. Visit the company's website at www.forceprotection.net.

This release contains forward-looking statements, including, without limitation, statements concerning our business, future plans and objectives and the performance of our products. These forward-looking statements involve certain risks and uncertainties ultimately may not prove to be accurate. Actual results and future events could differ materially from those anticipated in such statements. The company cautions that these forward looking statements are further qualified by factors including, but not limited to, those set forth in the company's Form 10-K filing and other filings with the United States Securities and Exchange Commission (available at http://www.sec.gov) and the company's public statements. The company undertakes no obligation to publicly update or revise any statements in this release, whether as a result of new information, future events or otherwise, except as required by law.


Contact:
Media Contact:
Policy Impact Communications
Jeff Child, 202-737-5339

--------------------------------------------------------------------------------
Source: Force Protection, Inc.
 
Posted by cspaude on :
 
Thanks Jo! Up 8% today so far. Small contract though, but good. It shows that Iraqis will need these things too, not just the U.S. Whether we leave tomorrow or not, the Iraqis will still face the IED threat. I think the market for MRAPs is far bigger than anyone thinks.
 
Posted by cspaude on :
 
14%! Lovin it.
 
Posted by Jo4321 on :
 
Awesome article on USATODAY.com

http://www.usatoday.com/news/military/2007-08-01-force-protection-mraps_N.htm
 
Posted by Jo4321 on :
 
Photo caption:

"DANG! MY PORTFOLIO'S DOWN OVER 40%. I SHOULDA SOLD AT $30!"
 -
 
Posted by Livinonklendathu on :
 
Your not right [Wink]
 
Posted by cspaude on :
 
I apologize if this is a repost, but a good read nonetheless:

Some MRAP competitors may be rejected soon
 
Posted by cspaude on :
 
Cause of the after hours drop...


Canadian Commercial Corp., General Dynamics Land Systems Canada, Ottawa, Ontario, Canada, is being awarded $338,734,800 for firm-fixed-priced delivery order # 0003 under previously awarded contract (M67854-07-D-5028) to purchase 600 Category (CAT) II Mine Resistant Ambush Protected (MRAP) variation vehicles. MRAP vehicles are armored vehicles with a blast resistant underbody designed to protect the crew from mine blasts, fragmentary and direct fire weapons. Work will be performed in Lansing, Michigan, and work is expected to completed March 2008. Contract funds will not expire at the end of the current fiscal year. This contract was competitively procured. The Marine Corps Systems Command, Quantico, Va., is the contracting activity.
 
Posted by Jo4321 on :
 
Geez...
 
Posted by Jo4321 on :
 
Well, we knew THIS was coming.
---------------------------------------------

Force Protection's Friend Becomes a Foe

By Melissa Davis
Senior Writer
8/8/2007 11:09 AM EDT

OKLAHOMA CITY -- Force Protection's (FRPT - Cramer's Take - Stockpickr - Rating) chief ally, General Dynamics (GD - Cramer's Take - Stockpickr - Rating), is starting to look more like a formidable foe.
Up to now, Force Protection and General Dynamics have worked together as a team to snag big contracts for Mine-Resistant Ambush-Protected vehicles. This week, however, General Dynamics landed a $339 million order for 600 MRAP vehicles on its own.

Moreover, that order calls for heavy-duty Category II vehicles -- a class of MRAP vehicles previously dominated by Force Protection's celebrated Cougar.

Force Protection's stock plummeted 12% to $16 on Wednesday due to the stunning setback. The shares have lost nearly half of their value this summer as competitive pressures have mounted.

"The award is clearly a negative for FRPT, which now faces another Category II competitor ahead of large MRAP orders in 2008," Thomas Weisel Partners analyst David Gremmels admitted on Wednesday. "As a result of this new reality, we are lowering our Cougar market-share assumption for MRAP from 40% to 33% for 2007-2008."

Gremmels lowered that same target less than a month ago, when Armor Holdings, a rival now owned by BAE Systems, snagged a surprising MRAP win. Until then, Gremmels had projected that Force Protection's Cougar would represent at least half of all vehicles ordered under the multibillion-dollar MRAP program.

Force Protection's Friend Becomes a Foe
Page 2

"Force Protection's Cougar vehicle dominates the Category II MRAP vehicle market, being the only contractor awarded volume production since testing wrapped up at Aberdeen," Gremmels wrote at the time. "Although our model has lost some of its conservatism by the addition of an unexpected contender to the production competition, we continue to believe it is achievable."
While now backing away from that call, Gremmels continues to maintain his overweight rating on Force Protection's shares. He views the stock as especially attractive following the latest selloff.

Still, even Gremmels admits that the rules of the MRAP competition -- which once seemed to favor Force Protection -- have clearly changed.

"We believe the MRAP acquisition strategy has evolved as the Department of Defense struggles under intense political pressure to get as many vehicles fielded as soon as possible," wrote Gremmels, whose firm makes a market in Force Protection's securities. "This has resulted in the original intent of having industry focus on two or three of the best designs transforming into a free-for-all, with orders seemingly going to all players that passed testing at Aberdeen and can make a case for production capacity."

As a relatively young company with a spotted production record, Force Protection could further lose its competitive edge. Indeed, rival Navistar (NAVZ.PK - Cramer's Take - Stockpickr) -- an established player with a long history of mass producing commercial vehicles -- has already overtaken Force Protection as this year's biggest MRAP winner so far.

Navistar's stock, up 2.4% to $61.40 on Wednesday and hovering in the upper end of its 52-week range, has handily outperformed Force Protection's in a reflection of the changing landscape.
 
Posted by cspaude on :
 
My forecast...Slaughtered today, up 4-6% tomorrow. Of course I could be wrong but that's how this stock seems to behave and this sell off, like all the others, is overdone.
 
Posted by Jo4321 on :
 
Well, so far the first part of your prediction is good. Let's see what happens tommorrow!

Jo
 
Posted by cspaude on :
 
Like I said, down 4-6%. ugh.
 
Posted by Jo4321 on :
 
Wait! I thought you said it would go UP 4-6%.

Don't be trying to cya now.

Tonight could be earnings announcement (if they don't extend). I'm feeling very nervous.
 
Posted by cspaude on :
 
You got me all wrong. I was being sarcastic. I was going to put a "haha" in there but there's been nothing to laugh about lately.
 
Posted by Jo4321 on :
 
You got that right.

Are you staying in through earnings?

I'm thinking of lightening the load, however the last time I did that before earnings, it shot up $2.00 in A/H.

Heck, I'm not even sure that earnings will be tonight.

jo
 
Posted by cspaude on :
 
Yeah, I still haven't sold anything, although I should have. I've only bought when it comes down. I feel confident that this stock has a good long term yet, either through contracts or a buyout by a larger company to gain FRPT's capacity. Void of any big news, I honestly don't think FRPT will go towards the $30's again until first of the year.
If earnings are tonight, I think it's good the stock is down. It seems 90% of the time when a stock has a run up before earnings, it crashes after due to unreasonable expectations. When it's down before earnings, people expect the worst and thus nearly anything will be good news. Just my $.02.
 
Posted by Jo4321 on :
 
Earnings are out

.14c just one cent over estimate, but that saved us.

Jo
 
Posted by cspaude on :
 
Well, 4% after hours. See, there's my 4-6%. You just had to be patient. haha.
 
Posted by Jo4321 on :
 
good call then! LOL

I'm breathing a sigh of relief, now. I chose not to lighten my load, so I hope that decision doesn't come back to bite me. After hours isn't always a true indicator of what will happen in regular session.
 
Posted by captain america on :
 
Press Release Source: Force Protection

Force Protection Reports Record Second Quarter and Six Month 2007 Financial Results
Thursday August 9, 5:51 pm ET

LADSON, S.C., Aug. 9 /PRNewswire-FirstCall/ -- Force Protection (Nasdaq: FRPT - News), today announced results for its second quarter and six months ended June 30, 2007.

ADVERTISEMENT
Net sales for the second quarter of 2007 rose 140% to $134.7 million, compared to net sales of $56.1 million for the second quarter of 2006. Net sales for the six month period ended June 30, 2007 were $234.9 million, compared to $90.9 million for the first six months of 2006, a 158% increase. The primary reason for the increase in sales was due to the improving production capability leading to increased deliveries and sales of its Cougar and Buffalo vehicles.

For the second quarter gross profit was $32.8 million, or 24.3% of net sales, compared to a gross profit of $10.2 million, or 18.1% of net sales for the second quarter of 2006. As a percentage of net sales gross margin increased 6.2% over second quarter 2006. Gross profit for the first six months of 2007 was $55.3 million, or 23.5% of net sales, compared to a gross profit of $16.8 million, or 18.5% of net sales for the first six months of 2006. As a percentage of net sales gross margin increased 5.0% for the first six months of 2007, compared to the same period last year. The gross profit increase for the second quarter and six month period was primarily due to improved material and labor costs and the Company's increased ability to leverage fixed costs as it continues to expand its production capability.

Research and development (R&D) expenses increased 416% to $3.3 million, compared to $641,215 for second quarter 2006. For the first six months of 2007, R&D rose 524% to $8.1 million, compared to $1.3 million for the first six months of 2006 primarily due to continued development of the Cheetah vehicle. The company previously announced the acquisition of an additional facility for the manufacture of current and future products including the Cheetah and expects the production capacity to be approximately 2,000 Cheetah vehicles in 2008 as previously stated.

Expansion efforts continue and are on track to provide increased capacity at our facilities in Ladson, SC, Roxboro, NC and the various facilities within our enterprise which will enable us to meet previously stated production capacity within our operations.

The Company recorded an operating profit of $13.9 million for the quarter, compared to an operating profit of $1.8 million for the second quarter of 2006. Operating profit was $16.5 million for the first half of 2007, compared to an operating profit of $1.8 million for the first half of 2006.

Income after taxes for the second quarter was $9.6 million, compared to income after taxes of $973,024 for the same quarter last year, a 889% increase. For the six month period ended June 30, 2007, the Company reported income after taxes of $12.1 million, compared to income after taxes of $205,575 for the first six months of 2006.

Net income for the quarter rose 2,170% to $9.6 million, or $0.14 per diluted share, compared to net income of $424,047 or $0.01 per diluted share for the same period last year. Net income for the six month period was $12.1 million, or $0.18 per diluted share, compared to net loss of $(989,267) or $(0.03) per diluted share for the same period last year. The Company incurred a $1.7 million charge for the late registration of the private placement during the second quarter 2007, or $0.025 per diluted share. Excluding this charge, EPS would have been $0.17 per share. As earlier announced, the S-3 filing was declared effective on July 26, 2007.

Gordon McGilton, Chief Executive Officer of Force Protection commented, "We are most pleased with our results for the second quarter having realized significant increases in net sales, net income and gross profit. At the same time, we produced 229 vehicles in the second quarter compared to 285 vehicles in all of 2006."

"We were also pleased to have signed several additional contracts during the quarter in connection with our joint venture with General Dynamics. During the quarter, we announced that we had been awarded contracts totaling $711 million to produce 1,455 vehicles for the U.S Marine Corps' Mine Resistant Ambush Protected (MRAP) vehicle program.

As previously announced, we received our first Canadian contract for approximately $8.9 million to produce five Buffalo and five Cougar mine- protected vehicles for the Canadian Expeditionary Force Command (CEFCOM). We recently delivered the first of these vehicles to the Canadian forces."

Subsequent Events

On July 20, 2007, we entered into an Agreement with Wachovia Bank for a revolving credit facility of $50,000,000. We entered into this agreement to assure continued flow of cash while administrative contractual payment issues are worked out with government payment offices on recently established MRAP programs.

On August 1st, 2007, the Company announced a contract for approximately $5.3 million for continued work under the Iraqi Light Armored Vehicle (ILAV) program for new ILAV vehicles and equipment to include 22 new vehicles and more than 40 articulating interrogating arms.

Mr. McGilton concluded, "The progress that we have made to date in 2007 positions us for a successful year. As noted, we are continuing to see strong demand for our vehicles. We are also realizing the benefits of improved materials and labor costs and a reduction in our fixed costs. Most importantly we remain committed to our mission to make vehicles that protect and save lives by making sure that those vehicles are available to our troops in a timely manner."

For further information, interested parties are encouraged to review Force Protection's latest 10-Q filing with the SEC, which can be accessed via the Internet at http://www.forceprotection.net/investors/sec.html.

About Force Protection Inc.

Force Protection, Inc., first to answer the call to duty for the urgent need to bring lifesaving mine-resistant ambush protected vehicles to U.S. troops in combat and an American company whose vehicles, Cougar and Buffalo, have a proven track record where it matters most; in the battlefield, manufactures ballistic- and mine-protected vehicles through its wholly-owned subsidiary. These specialty vehicles protect against landmines, hostile fire, and Improvised Explosive Devices (IEDs, commonly referred to as roadside bombs). Force Protection's mine and ballistic protection technologies are among the most advanced in the world. The vehicles are manufactured outside Charleston, S.C. For more information on Force Protection and its vehicles, visit www.forceprotection.net.

http://biz.yahoo.com/prnews/070809/nyth139.html?.v=95
 
Posted by captain america on :
 
FRPT $ 14.38
Force Protection Inc. -0.77
Shares Short 14,881,100
Days to Cover (Short Ratio) 4.9
Short % of Float 24.28 %
Shares Short - Prior 8,994,000
Short % Increase / Decrease 65.46 %
Squeeze Ranking™ 184
% from 52-Wk HIGH ( 31.16 ) -116.69 %
% from 52-Wk LOW ( 5.07 ) 64.74 %
% from 200-Day MA ( 20.85 ) -44.99 %

% from 50-Day MA ( 20.49 )
-42.49 %
Price % Change (52-Wk) 154.60 %
Trading Volume - Today 4,188,654
Trading Volume - Average 3,057,400
Trading Volume Vs. Avg. 137.00 %
Total Shares - Float 61,290,000
Total Shares - Outstanding 68,010,335
% Held by Insiders 14.00 %
% Held by Institutions 51.60 %
Market Cap 977,988,617
EPS 0.44
PE Ratio 34.40
Sector: Consumer Goods
Industry: Trucks & Other Vehicles
SI Record Date 2007-Jul
Information Provided Without Warranty

http://www.shortsqueeze.com/index.php?symbol=frpt&submit=+GO+
 
Posted by Jo4321 on :
 
Force Protection Inc
Force Protection's Shares Climb After Earnings Top Estimates

By Edmond Lococo

Aug. 10 (Bloomberg) -- Shares of Force Protection Inc., the largest builder of blast-resistant vehicles for the U.S. Marine Corps, rose as much as 6.4 percent after the company reported second-quarter profit that topped analysts' estimates.

Force Protection's stock gained 32 cents, or 2.2 percent, to $14.70 at 9:49 a.m. in Nasdaq Stock Market composite trading. Ladson, South Carolina-based Force said yesterday second-quarter net income surged almost 23-fold to $9.63 million, or 14 cents a share, from $424,047, or 1 cent, a year earlier.

Demand for the company's Cougar and Buffalo vehicles for U.S. troops in Iraq and Afghanistan lifted per-share profit past the estimate of 12 cents a share, the average of three analysts surveyed by Bloomberg. Force was the first company to deliver blast-resistant trucks for combat use in 2003. It is now one of seven companies building them and the largest as measured by deliveries.

``This quarter confirms our commitment to increasing capacity for the best-protected vehicles for our troops,'' Michael Aldrich, Force Protection's vice president for government relations, said in an interview. ``We are not only getting better at deliveries. We're becoming more profitable in the process.''

Force shipped a total of 229 Cougar and Buffalo trucks in the second quarter, up from 64 a year earlier. The results were released after markets closed yesterday.

Sales more than doubled to $134.7 million. Revenue fell short of the average estimate of $144.3 million from the Bloomberg survey.

Sales missed estimates partly because some June vehicle deliveries were late and shipped in July, David Gremmels, a New York-based analyst with Thomas Weisel Partners, wrote in a note to clients.

``Long-term outlook remains strong,'' wrote Gremmels, who rates the shares ``overweight'' and doesn't own any. ``Stronger- than-expected margin performance and ability to quickly make up the handful of deliveries that slipped out of 2Q increases our confidence that the company can execute on its aggressive planned production ramp while improving operating performance.''

To contact the reporter on this story: Edmond Lococo in Boston at elococo*bloomberg.net .

Last Updated: August 10, 2007 09:55 EDT


http://www.bloomberg.com/apps/news?pid=conewsstory&refer=conews&tkr=FRPT:US&sid= aWQlmLHdurtE
 
Posted by Jo4321 on :
 
Up nicely after hours on small contract news.


AP
Force Protection Gets $69.8M Navy Deal
Friday August 10, 5:49 pm ET
Force Protection Gets $69.8 Million Navy Deal for 125 Armored Vehicles


WASHINGTON (AP) -- Force Protection Industries Inc. on Friday won yet another armored protected vehicle contract from the Navy worth up to $69.8 million, the Pentagon said on Friday.
The latest contract could help boost the armored vehicle maker's sales for the upcoming quarter even higher. On Thursday, the Ladson, S.C.-based company reported net income for the second quarter soared to $9.6 million, or 14 cents per share, from $424,047, or a penny per share, in the prior-year period. Revenue more than doubled to $134.7 million, from $56.1 million, boosted by increased vehicle orders by the Pentagon.

ADVERTISEMENT


Analysts, on average, were expecting earnings of 13 cents per share on revenue of $145 million.

Force Protection will build and deliver 125 Mine Resistant Ambush Protected, or MRAP, vehicles. The company is expected to deliver these vehicles by December 2007.

The MRAPs are designed with a V-shaped hull to repel explosives and roadside bombs.

The company is teaming up with Falls Church, Va.-based General Dynamics Corp under a joint venture called "Force Dynamics" to increase production capacity.

To date, the Pentagon has ordered 6,415 MRAP vehicles for soldiers in Iraq and Afghanistan-- just short of its current target of 7,774 vehicles.

Shares of Force Protection added 18 cents to $15.73 in after-hours trading, after shares rose $1.17, or 8.1 percent, to $15.55.
 
Posted by cspaude on :
 
Nice to see two positives today, just kinda wish they were spaced out a little.
 
Posted by minkybodl on :
 
http://finance.yahoo.com/marketupdate/inplay

4:33PM Force Protection sues competitor over trade secrets - DJ (FRPT) 16.26 -0.63 : DJ reports Force Protection, which makes mine-resistant vehicles for the military, has filed a lawsuit claiming a nearby competitor stole trade secrets. The lawsuit filed Tuesday names Protected Vehicles and its founder, Garth Barrett, a former Force Protection president who resigned two years ago and started the new business about 10 miles away. The suit, which also names two other Protected Vehicles executives, claims while at Force Protection, Barrett made a copy of his computer hard drive "containing trade secrets and confidential information belonging to Force Protection."

Another link to same story,

http://www.charleston.net/news/2007/aug/23/armored_warfare13741/
 
Posted by Jo4321 on :
 
Great Barrons article:
-------------------------------------------------------------

Armored-Vehicle Maker Ready to Roll
By ALEXANDER EULE

FOR INVESTORS SEEKING TO SHIELD THEIR investment portfolio in a battered market, Force Protection and its line of mine-resistant vehicles may offer a safe way forward.

Force Protection, based in Ladson, S.C., has made a name for itself in the last five years by building a new class of mine-resistant military vehicles that offer U.S. soldiers vastly improved protection against roadside bombs, which now account for a majority of American fatalities in Iraq.

Since delivering the first mine-resistant ambush-protected (MRAP) vehicles to Iraq in 2003, Force Protection has sparked a burgeoning program that the Department of Defense now calls its "highest acquisition priority."

Despite the military's push for as many vehicles as it can get, Force Protection stock looks attractive thanks to investors who have nervously sold off shares as competitors sought a piece of its lucrative market.

Force Protection has the only battle-tested vehicles in Iraq and Afghanistan, with new entrants just beginning to deliver MRAP trucks under the Pentagon's program.

"Force Protection defined the market in the United States," Thomas Weisel Partners analyst David Gremmels says of MRAPs.

If the military has its way, the U.S. government will spend over $10 billion on MRAPs between this year and next. And industry observers say 2008 spending alone could ultimately approach $8 billion to $12 billion, as the armed services look to order as many as 23,000 mine-resistant vehicles.

MRAPs have already become the Pentagon's third-largest acquisition program, behind only missile defense and the so-called joint strike fighter.

Lawrence Korb, a senior fellow at the Center for American Progress and an assistant secretary of defense from 1981 to 1985, calls the program's rapid growth "unprecedented."

"Usually it takes a decade for something like this to happen," he says, noting that the missile-defense program emerged in 1983 and the joint strike fighter in 1993.

MRAPs enjoy nonpartisan support from Congressmen clamoring to get behind a program free of offensive weaponry and singularly focused on saving U.S. lives.

At a Glance
Force Protection

Stock Price: $16.26
52-Wk High: $31.16
52-Wk Low: $5.75
Market Cap: $1.11 billion
Est. 2008 EPS: $1.44
2008 P/E: 11.3
Est. Long-Term EPS Growth*: 30%
Est. ('08/'07) EPS Growth: 118%
Revenue (trailing 12 months): $340 million
Dividend Yield: None
Chief Executive: Gordon McGilton
Headquarters: Ladson, S.C.

* Based on analyst estimates looking ahead three to five years.
Sources: Force Protection Website, Thomson Financial/Baseline."There is no member of Congress who opposes increased funding for this program," says SunTrust Robinson Humphrey analyst Chris Donaghey, "even if they're opposed to our presence in Iraq."

As of Aug. 10, the U.S. government had ordered 1,963 vehicles from Force Protection, or 31% of its total MRAP procurement, according to Congressional Research Service. Still, after expecting the company to dominate MRAP sales, Wall Street has had to adjust its expectations with companies like Navistar International and Armor Holdings (now a subsidiary of BEA Systems) winning awards.

As a result, Force Protection shares are down 48% from a May high, and the stock now trades at an undemanding 11.3 times analysts' earnings estimates for fiscal 2008.

Michael Alpert, managing director and portfolio manager of the J. & W. Seligman Small Company Growth Team, says the selloff has presented a buying opportunity.

Alpert calls investors' lack of faith "shortsighted" and says "huge funding" still exists for MRAP-related programs.

Force Protection also got negative publicity from a recent Pentagon inspector general report that showed the company had missed delivery on promised vehicles back in 2003 and 2004.

"We had the founder's advantage but we also had the founder's injuries or pain," Force Protection Chief Executive Officer Gordon McGilton tells Barron's Online. Among early challenges, he cites ramping up capacity and teaching the government about the new class of vehicles and their potential.

McGilton says the company has now been "completely retooled." After producing 11 vehicles in all of 2003, Force Protection built 114 in July and says it will be at 300 per month by the first quarter of 2008.

The company's 17-ton Cougar model sells for approximately $400,000 while the 23-ton Buffalo is around $800,000.

A third, lighter-but-faster vehicle called the Cheetah is in production and the company says it anticipates making 2,000 of them in 2008. The Cheetah will go for about $300,000, according to Michael Aldrich, Force Protection's vice president for marketing and government relations.

Increased production capacity and the 8-ton Cheetah, which holds the promise of eventually replacing the Pentagon's 52,000 combat-configured Humvees, are helping to drive growth predictions. According to Thomson Financial, analysts project a long-term growth rate of 30% with earnings per share expected to be 66 cents in 2007 and $1.44 in 2008, up from 39 cents last year.

"The market has yet to really even give the company credit for the Cheetah vehicle," SunTrust's Donaghey says. Gremmels at Thomas Weisel, meanwhile, has assumed a conservative 800 Cheetah deliveries in his 2008 model.

Donaghey has a price target of $36, while Gremmels recently established a $22 target.

With competitors' vehicles coming due, McGilton says he's anxious to see whether they can meet their quotas but adds "we're very comfortable with the promises we've made."

Seligman's Alpert points out there's likely to still be volatility with the stock as the market reacts to Defense Department awards. And the possibilities of losing such awards or an expedited withdrawal from Iraq are risks for Force Protection.

On Wednesday, the Pentagon indicated its MRAP shipments to Iraq would be slower than expected, but the delays involve postproduction work and transportation logistics that shouldn't directly impact orders.

McGilton expresses little doubt there will be a long-term market for the company's product. "The government will continue to take all the vehicles that we can build," he says.

"The army trains as though there's a war all the time," McGilton says, looking beyond Iraq. "And they will use the equipment that they need to go to war for that training."


--------------------------------------------------------------------------------

Full Disclosure

• J. & W. Seligman & Co. owned 153,000 shares as of June 30, 2007, according to Michael Alpert, managing director and portfolio manager of the J. & W. Seligman Small Company Growth Team.

• Thomas Weisel Partners makes a market in the security and may sell the security to or buy them from customers on a principal basis.

• SunTrust Robinson Humphrey makes a market in the security and has received or is entitled to receive compensation for investment banking services within the last 12 months.

Zippy
 
Posted by Jo4321 on :
 
moved up .43 in A/H trading with 11,438 shares traded. Tommorrow should be fun.

This stock is definitely due for a run-up!

Jo
 
Posted by Jo4321 on :
 
Use the Hyperlink to get to Barron's

http://online.barrons.com/public/main

And then click on the article "Armored Vehicle Maker on a Roll"

It is currently the 8th most popular article. Using the link, even if you don't subscribe, should move it up. Then perhaps the story will make the paper edition.

jo
 
Posted by Jo4321 on :
 
New Suntrust Commentary:

FRPT - Force Protection Inc., $16.26, Rated Buy

3Q07E $0.22

2007E $0.75

2008E $1.54

Chris Donaghey, 404 926-5252

• Several mainstream media reports have picked up on a story published by the military publication Stars and Stripes indicating the MRAP industrial base will fall short of production targets in August and the U.S. military has lowered the number of vehicles it expects to send to Iraq by the end of the year.

• We believe FRPT is tracking ahead of plan for August deliveries and thus believe other players such as Navistar are behind. As this visibility develops, we believe it could serve as a catalyst for FRPT.

Jo

Now go click the link. The article is now #3
http://online.barrons.com/public/main
 
Posted by Jo4321 on :
 
New US armored trucks are symbolic targets-general
Fri Aug 24, 2007 3:38PM EDT
By Andrew Gray

ABERDEEN, Md., Aug 24 (Reuters) - New armored vehicles that give extra protection to U.S. troops in Iraq are becoming symbolic targets for insurgents, the top military officer in charge of acquiring the vehicles said on Friday.

The Pentagon says the Mine Resistant Ambush Protected (MRAP) vehicles, which have V-shaped hulls to disperse the impact of bomb blasts, will save the lives of many U.S. troops and is rushing them to Iraq.

But Marine Corps Brig. Gen. Michael Brogan suggested the hype surrounding the vehicles was putting them at greater risk, pushing insurgents to see them as a challenge to be defeated.

"As we field these things, because of what all you are doing and how much you are touting the fact that they protect our troops ... these are becoming symbolic targets," he told reporters at an MRAP demonstration organized by the U.S. military.

"That in and of itself is not a good thing," he said.

The boxy, truck-like MRAPs, which come in various sizes and were originally developed in South Africa, give much greater protection than the Humvee vehicles used by many U.S. troops in Iraq against bombs planted on or beside roads.

The Pentagon says 6,415 MRAPs have been ordered and more than 225 have been fielded.

Brogan did not give examples of incidents in which he believed an MRAP had been targeted because of its status. He said he was reluctant to give many details of the program for fear that they could be useful to insurgents.

"Imagine if I'm a football coach and I've developed a play that's going to score every time I run it," he said.

"I sure don't want to hand it on in writing to the opposing defense," Brogan said at at the U.S. Army's Aberdeen Proving Ground test site in Maryland.

The Pentagon said on Wednesday U.S. troops in Iraq would receive at least 1,000 fewer MRAPs this year than previously announced due to shipping constraints.

It said defense contractors were expected to produce 3,900 MRAPs this year but only 1,500 would make it to the war zone -- down from a previous shipment target of 2,500 to 3,000.

Brogan said the military and its contractors were working as hard as possible to get MRAPs to Iraq.

"We're going to get them there as quickly as we can," said Brogan, the head of Marine Corps Systems Command, which is in charge of procuring the vehicles for the military.

Defense Secretary Robert Gates has made MRAPs the Pentagon's top procurement priority. In June, he said scores of Americans would die for every month of delay in getting MRAPs into the field.

The U.S. death toll in Iraq since the 2003 invasion has reached 3,725. Of those, 1,593 troops were killed by an improvised explosive device, or IED, according to Web site icasualties.org, which tracks coalition deaths in Iraq.

MRAP contractors include:

-- Navistar International Corp.'s (NAVZ.PK: Quote, Profile, Research) International Military and Government LLC.

-- Force Protection Inc. (FRPT.O: Quote, Profile, Research), which is partnered with General Dynamics Corp.'s (GD.N: Quote, Profile, Research) Land Systems business arm.

-- a General Dynamics Canadian unit.

-- BAE Systems Plc (BA.L: Quote, Profile, Research).

-- Oshkosh Truck Corp. (OSK.N: Quote, Profile, Research).

-- closely held Protected Vehicles Inc. of North Charleston, South Carolina.


© Reuters 2006. All rights reserved. Republication or redistribution of Reuters content, including by caching, framing or similar means, is expressly prohibited without the prior written consent of Reuters. Reuters and the Reuters sphere logo are registered trademarks and trademarks of the Reuters group of companies around the world.

Reuters journalists are subject to the Reuters Editorial Handbook which requires fair presentation and disclosure of relevant interests.

http://www.reuters.com/article/marketsNews/idUKN2435649220070824?rpc=44
 
Posted by Jo4321 on :
 
http://biz.yahoo.com/ap/070824/mrap_delays.html?.v=2

Military Struggles to Meet MRAP Demand
Friday August 24, 5:23 pm ET
By Donna Borak, AP Business Writer

Good article with an encouraging quote by Mike Aldrich,
"Force Protection is not experiencing production delays and expects to stay on schedule the rest of the year."
 
Posted by minkybodl on :
 

 
Posted by Jo4321 on :
 
Force Protection Seeks Legal Protection
By Rich Smith August 27, 2007

Some say you shouldn't kick a man when he's down. Others assert that when he's down is, in fact, the safest time to kick him.

Judging from a lawsuit just filed against rival Protected Vehicles, it seems that armored vehicle maker Force Protection (Nasdaq: FRPT) sides with the latter camp. Last Tuesday, Force Protection marched into U.S. District Court in Charleston, S.C., and slapped Garth Barrett with a lawsuit alleging everything from unfair competition to copyright infringement to tortious interference with contractual relations. Barrett is the company's former founder, former president, chief technology officer, facility security officer, and, presumably, head janitor and senior administrative assistant at one time or another. Also sued were Barrett's new company, Protected Vehicles, which Barrett set up just days after leaving the employ of Force Protection -- and which stands as perhaps the tiniest participant to actually have won a contract in the MRAP game dominated by larger companies such as Navistar, BAE, and General Dynamics (NYSE: GD).

Now, I could go into a lot of detail about the merits of this case, but I'll leave that to others. Suffice it to say that Barrett's conduct in allegedly (always allegedly) downloading a lot of confidential information about Force Protection's products and their technical specifications, before leaving his office for the last time, stinks to high heaven. Also, let me add that I don't envy Force Protection's lawyers the task of proving that one of the company's founders had to steal information in order to set up a rival firm.

More interesting to me is the timing of the lawsuit. The fact that Force Protection filed it almost precisely two years to the day after Barrett left the firm suggests to me that there was a statute of limitations restriction on at least one of the complaints lodged against Barrett and his new company. But even if there wasn't, the timing alone justifies a remark about how clever Force Protection is being here.

You see, after winning an initial production order from the U.S. Marine Corps to produce 60 Category II MRAPs, Protected Vehicles has failed to secure any additional orders. To the contrary, the "Alpha" vehicle it was producing in cooperation with Oshkosh (NYSE: OSK) raised concerns with the USMC as to its "overall vehicle survivability" -- concerns that soon had Oshkosh running to Ceradyne (Nasdaq: CRDN) and its BULL for comfort. And without orders to fulfill, Protected Vehicles laid off roughly half its 500 employees earlier this month. Workers it had apparently hired through a temp agency. Workers who, apparently, included 67 inmates from the local county jail, who were doing welding work for Protected Vehicles.

Hmm. So things are so bad at Protected Vehicles that it can't afford to pay jailhouse wages? I'm betting this company wasn't thrilled to learn it will now have to ante up for costly litigation. In fact, I'm betting that within a matter of months, if not weeks, Force Protection will have one fewer solvent competitor to worry about -- whether or not it wins its lawsuit.

http://www.fool.com/investing/general/2007/08/27/force-protection-seeks-legal-pr otection.aspxF
 
Posted by Jo4321 on :
 
PR!!! Force Protection, Inc. Ahead of MRAP Vehicle Production Schedule

Force Protection, Inc. Ahead of MRAP Vehicle Production Schedule
Last update: 8/29/2007 4:15:01 PM

LADSON, S.C., Aug 29, 2007 (BUSINESS WIRE) -- Leading armored vehicle manufacturer Force Protection, Inc. (FRPT) today announced that it is ahead of its Mine Resistant Ambush Protected (MRAP) production schedule for the month of August. The company has produced more than 50 Cougar vehicles to support the U.S. Department of Defense MRAP program. The Category II Cougar 6x6 vehicle commitment for August has already been shipped.

"We have not yet closed August and are well ahead of our production objectives," said Force Protection COO Raymond Pollard. "This is indicative of the efficiencies of our proven manufacturing processes that are producing a proven solution which has effectively countered more than 3,000 mine detonations and IED attacks in the past four years."
The Pentagon has awarded Force Protection contracts for more than 1,900 Cougar and Buffalo vehicles to support its Category I, II, and III MRAP program requirements.

"This is also reflective of the fact that our efforts to mobilize industry resources through our partnering agreements are having their intended effects," added Pollard. "We will continue to do everything necessary to meet the needs of our customers and the men and women who depend on these vehicles."

Force Protection's Cougar and Buffalo vehicle series have been deployed in Iraq and Afghanistan since 2003. They have become the gold standard for troop safety, and their proven performance has formed the basis for the MRAP vehicle program. In addition to its own production capacity, Force Protection has created a joint venture with General Dynamics Land Systems to increase both capacity and deliveries under its MRAP program awards.

About Force Protection Inc. yada yada yada
 
Posted by Jo4321 on :
 
Great company!
-------------------------

Force Protection and MUSC to Establish Center for Brain Research
Thursday August 30, 9:00 am ET


LADSON, S.C.--(BUSINESS WIRE)--Force Protection (Nasdaq:FRPT - News), and the Medical University of South Carolina (MUSC), announced today that they have entered into a memorandum of understanding to establish the Force Protection Center for Brain Research at MUSC.
The aim of the partnership is to foster vital research that will lead to improving the quality of life of our young men and women in uniform and also benefit others who may suffer brain trauma including Traumatic Brain Injury (TBI).

Objectives of the partnership include securing funding for research equipment and appropriating space, faculty and employees for the center and related research activities.

"We are extremely pleased to enter into this agreement with MUSC. This effort builds on our commitment to the men and women who serve our country now and in the future. We owe them our best effort to improve their quality of life and seek methods to prevent brain trauma so that they may enjoy the freedoms that they help to preserve," stated Force Protection CEO Gordon McGilton.

"We, at the Medical University, feel privileged to be able to partner with Force Protection to help protect the health and safety of the men and women serving our country. By combining the medical research expertise of the University, with the engineering expertise of our corporate partners, we can assure that all of the relevant knowledge is brought together to produce the safest possible vehicles," said MUSC President Ray Greenberg.

About Force Protection

yada yada yada
 
Posted by Jo4321 on :
 
Oh Geez, another negative article.....


Troop-Truck Supplier Confronts Own Battles
Force Protection Sees Shares Slump
As Dominance Falls
By AUGUST COLE and KAREN RICHARDSON
August 31, 2007

Rising casualties from roadside bombs in Iraq have made blast-resistant trucks Washington's top weapons priority, but increased competition could send Force Protection Inc. -- the leading supplier of "mine-resistant ambush protected" vehicles, or MRAPs -- into retreat even before production fully ramps up.

Force Protection was the first major beneficiary of one of the Pentagon's biggest spending sprees of the Iraq war. Now, even as talk of pulling out of Iraq grows louder, the military has been recruiting other, bigger contractors to help with production. General Dynamics Corp., Britain's BAE Systems PLC, Oshkosh Truck Corp. and Navistar International Corp. are some of the other players threatening Force Protection's dominant market position.

The big companies are diversified builders of everything from ships and Gulfstream jets to dump trucks, while tiny Force Protection largely owes its existence to building MRAPs for the U.S. military's campaign in Iraq. More than its rivals, Force Protection's volatile shares waver on the news of MRAP awards going to other contractors.

Demand for these heavy-duty vehicles to protect American forces has driven a handful of military contractors' stock prices skyward, but heightened competition and share-price volatility should make investors cautious about betting on Force Protection. At $17.14 on the Nasdaq Stock Market yesterday, the shares are 45% below their 52-week high of $31.16 in May, giving the company a market value of $1.1 billion. The stock fell as low as $13.96 earlier this month.

Since November, the Defense Department has awarded almost $4 billion in MRAP contracts to about a dozen vendors. While Force Protection, in a joint venture with General Dynamics, has won about $1.1 billion with its main MRAP -- called the Cougar -- Navistar isn't far behind with $1.05 billion, according to Thomas Weisel Partners LLC research. BAE Systems has about $809 million, and General Dynamics alone has about $350 million. The Cougar's market share has fallen from 100% since November to 20% in one size category and to about 50% in another, according to Thomas Weisel. Per-vehicle costs run from $500,000 for the Cougar to $850,000 for a 23-ton Buffalo.

"People overbought the stock thinking it would get 80% of MRAP orders," says Michael Alpert, a portfolio manager who manages about $900 million at J&W Seligman & Co. and holds about $4.9 million in Force Protection shares. Like many investors who bought Force Protection shares just under a year ago, he thought the company's leading position was safe because the military favored its battle-tested, V-hulled MRAPs. "Nobody thought the military would want so many vendors," he says, adding that he remains a Force Protection investor.

The shares rallied recently on expectations that Congress will approve a bill soon for $147 billion, allotted to military operations in Iraq and Afghanistan, including $5.3 billion for MRAPs. That is on top of the $5.6 billion already approved for those vehicles. Mr. Alpert says he bought the shares at about $15 and sold some when the price rose to about $28. He bought more when the price was about $18 or $19.

The stock is trading at about 27 times estimated earnings in the next 12 months, according to Thomson Financial, a far higher valuation than General Dynamics' 16 times earnings and the 10 to 12 times for other military contractors.

Although the company's second-quarter sales and earnings rose sharply on a year-over-year basis -- up 140% and nearly 10 times, respectively -- there are signs that growth is slowing. Second-quarter sales rose 34.4% from the first quarter, when they were up 59% from the fourth quarter of 2006.

Still, some analysts and investors point out that Force Protection's sales have been growing much faster than the 12% to 20% rate among most of its peers, justifying the higher multiple. Consensus analyst estimates project Force Protection's earnings will rise 69% this year and 118% in 2008, according to Thomson Financial.

Analysts point out that Force Protection is starting from a low base and will continue to grow quickly, even if it has a smaller piece of the MRAP pie, in the event of a significant drawdown of troops in Iraq or a big cut in the military budget in 2008. "The size of the pie is so large that they don't need to have 50%," Seligman's Mr. Alpert says.

Even if American troops do begin to withdraw from Iraq, the U.S. government still will want vehicles that can save lives in battle anywhere in the world, the company says.

"We don't think it will have any significant impact on our business simply because we're in the business of protecting and saving lives," says Mike Aldrich, Force Protection's vice president of marketing and government relations.

The company realizes the need to branch out into other products besides the original MRAP. "What a drawdown might do is give us some time and resources to address some of the various markets we haven't spent a lot of time on," Mr. Aldrich says. Some investors are staking their hopes on its smaller, lighter Cheetah vehicle, which they hope can succeed the Humvee as the more maneuverable joint-light tactical vehicle, or JLTV.
 
Posted by cspaude on :
 
http://www.liveleak.com/view?i=612_1189025332

Wow, just look at that. That bomb had to be absolutely huge, but look at how unscathed the hull and crew compartment looks. These vehicles are amazing. No doubt in my mind that all would be dead if it were a hummer.
 
Posted by Jo4321 on :
 
Sen Biden riding in Cougar

http://i205.photobucket.com/albums/bb187/sonias_2007/setembro/ebae188e.jpg

http://i205.photobucket.com/albums/bb187/sonias_2007/setembro/e5fcd269.jpg

http://i205.photobucket.com/albums/bb187/sonias_2007/setembro/6c3d00e2.jpg

U.S. Senator and Democratic presidential candidate Joe Biden (R) talks with an unidentified soldier inside a Mine Resistant Ambush Protected (MRAP) vehicle during a demonstration in Ramadi in this handout taken on September 6, 2007 and released September 7, 2007
 
Posted by cspaude on :
 
So is the lack of contracts awarded due to the testing for EFP resistance, the inability to transport finished MRAPs, or something completely different? There's a lot more contracts to be awarded. I have the feeling that, since they're behind on getting the MRAPs into theater anyhow, they're waiting to see which company has the better EFP protection. Any ideas?
 
Posted by kywee on :
 
The chart is starting to look like a nice place to enter and hold for a while IMO.
 
Posted by Jo4321 on :
 
Another Melissa Davis article.

Big Battle for Force Protection (
Business News
By Melissa Davis
Senior Writer
9/20/2007 6:06 AM EDT

OKLAHOMA CITY -- Force Protection (FRPT) fans have high hopes for the next stage in the government's armored-vehicle procurement effort.

Billions of dollars will be at stake in a program now widely called MRAP II. The big-budget sequel to the Mine-Resistant Ambush-Protected vehicle program funds the purchase of vehicles that can protect U.S. soldiers deployed overseas from threats like mines and bombs.

Force Protection landed a big role in the original MRAP program. But with the curtain set to rise on MRAP II, Force Protection may be forced to share the spotlight with deep-pocketed rivals including Navistar (NAVZ) and a new venture formed by Oshkosh (OSK) and Ceradyne (CRDN) .

Ladson, S.C.-based Force Protection believes it is up to the task, but some observers suspect the result will be even more pressure on Force Protection's once-highflying stock.

"Even as talk of pulling out of Iraq grows louder, the military has been recruiting other, bigger contractors to help with production," The Wall Street Journal noted earlier this month. "The big companies are diversified builders of everything from ships and Gulfstream jets to dump trucks, while tiny Force Protection largely owes its existence to building MRAPs for the U.S. military's campaign in Iraq. ... More than its rivals, Force Protection's volatile shares waver on the news of MRAP awards going to other contractors."

Just compare the stock charts of General Dynamics (GD) and Force Protection, for example. The two companies rank as equal partners in a joint venture competing for MRAP awards. But General Dynamics depends on MRAP business far less, so it trades within a few dollars of its all-time high. Force Protection, up 7 cents to $15.98 on Tuesday, has lost half its stock-market value after hitting a record earlier this year.

That steep decline actually emboldens Force Protection bulls, though.

"The stock is cheap virtually no matter what [earnings] assumptions one makes," C.E. Unterberg Towbin analyst James McIlree said last month. "This is the type of environment the [big players] wait for to make acquisitions, when a stock tumbles and much of the risk has been taken out of the shares."

McIlree has a buy recommendation and a $32 price target on Force Protection's stock. His firm has investment banking ties to the company.

Looking ahead, McIlree calls MRAP II "the next battlefield" for Force Protection. Given its strong performance and production record so far, he feels that Force Protection should enjoy a definite edge in that fight.

Meanwhile, Force Protection has been loudly reminding the military of its strengths. This summer, the company launched an advertising campaign targeting the likes of Defense News and Military Times that touts "the unmatched battlefield performance" of its popular MRAP vehicles.

"Our business is the protection of our troops facing deadly explosive threats on a daily basis," stated Force Protection Vice President Michael Aldrich. "We feel it is important for them to know that there is a proven solution that is being manufactured and delivered as quickly as possible to support them in their critical mission."

Force Protection has been making those claims for some time, even as rivals like Navistar have managed to land huge contracts and meet tough production deadlines to boot.

Going forward, two newcomers -- Oshkosh and Ceradyne -- hope to snag a piece of the action as well. Their new vehicle, known as the Bull, can withstand hits from powerful "explosively formed penetrators" and is therefore considered an early favorite for MRAP II awards. Still, the companies are realistic about their odds.

"While Oshkosh is optimistic about its chances to play a larger role in MRAP II ... it believes that competitors currently building MRAP I vehicles may have an advantage," Robert W. Baird analyst Robert McCarthy wrote this month. Still, "management appears confident it has learned from its MRAP I experiences and that its proposal for MRAP II will be considerably stronger."

McCarthy has an outperform rating and a $75 price target on Oshkosh's stock, which rose 3.5% to $56.55 on Tuesday. His firm has investment banking ties to the company.

Ceradyne, which tapped Oshkosh as its partner earlier this year, clearly expects the Bull to burst onto the MRAP scene. The company -- already the top supplier of body armor for U.S. soldiers in Iraq -- stands to pick up some new followers if that happens.

"Vehicle armor represents a large new potential market," Morgan Joseph analyst Michael French stressed when initiating coverage of Ceradyne last month. French, whose firm seeks to do business with the companies it covers, has a hold recommendation on Ceradyne now -- but he indicates that could change.

"If ... the company is successful in its vehicle armor initiatives -- and that becomes evident this fall -- we would become more aggressive on the shares," he wrote.
 
Posted by TimW on :
 
Melissa is so sexy.
 
Posted by cspaude on :
 
Steady, under-the-radar gains. Looks like Melissa has lost her touch. Tim, how many beers did it take to say that?
 
Posted by Jo4321 on :
 
Finally, I can look at my portfolio again without feeling ill.

Still have a ways to go to get back to where I was before summer, but at least it's not so drastic now.

Jo
 
Posted by kywee on :
 
FRPT looking great. I'll try to add on some dips
 
Posted by Jo4321 on :
 
Force Protection May Win New Truck Orders, SunTrust Predicts
By Edmond Lococo

Sept. 26 (Bloomberg) -- Force Protection Inc., the largest supplier of blast-resistant trucks to the U.S. Marine Corps by vehicles delivered, may win more orders in the next two months as the Pentagon seeks to extend production into next year.

The Defense Department may award total orders for 1,500 to 2,000 trucks in October, followed by another 7,000 vehicles in November, wrote Chris Donaghey, an analyst with SunTrust Robinson Humphrey in Atlanta, in a note to clients today.

To read the Bloomberg summary, and other Force Protection-related news, go to

http://www.bloomberg.com/apps/news?pid=conewsstory&refer=conews&tkr=FRPT:US&sid= agEpxk.02eVQ
 
Posted by Jo4321 on :
 
Her tune's a changin'
--------------------------------------------

Force Protection Rolls Again

By Melissa Davis

Senior Writer

After slipping into reverse this summer, Force Protection (FRPT - Cramer's Take - Stockpickr - Rating) is on a roll again.

Force Protection's stock has been zooming forward, rising 30% over the past two weeks alone amid mounting hopes for new orders of the company's popular Mine-Resistant Ambush-Protected vehicles. With the U.S. government set to approve billions of dollars in new funding for MRAP vehicles -- and the military halting plans for a rival vehicle program -- Force Protection could soon see demand for its powerful trucks grow even stronger.



While it faces stiff competition from Navistar (NAVZ - Cramer's Take - Stockpickr) and a new duo formed by Ceradyne (CRDN - Cramer's Take - Stockpickr - Rating) and Oshkosh (OSK - Cramer's Take - Stockpickr - Rating), Force Protection enjoys some major opportunities right now. The U.S. is currently fielding bids for so-called MRAP II vehicles, with the first orders expected to be placed as early as next month. Meanwhile, the government has delayed a high-profile Humvee-replacement program -- calling for new "Joint Light Tactical Vehicles" -- and potentially opened new doors for Force Protection in the process.



"In our opinion, this move benefits FRPT in two ways," SunTrust Robinson Humphrey analyst Chris Donaghey wrote on Wednesday. "First, it likely extends the longevity of the MRAP program, which could mean MRAP production extends beyond 2008. Second, it allows more time for FRPT to complete the development of its Cheetah vehicle, see it fielded domestically and internationally and continue the spiral development process to add capabilities.

Although Cheetah is not officially the JLTV, a delay in JLTV opens the door for FRPT to begin capturing this market well before JLTV arrives."

Donaghey recommends buying Force Protection's stock, which he values at $36 a share, in anticipation of big gains. His firm has investment banking ties to the company.



Sneak Preview

Force Protection shares, which fetch around $21 following their September rally, peaked above $30 a share this spring, when the company still looked poised to monopolize the MRAP program. But the stock lost serious ground as competitors, such as Navistar and BAE, started winning big contracts.



Still, under MRAP II, some foresee a better scenario ahead.



"We ... expect to see the competitive field narrowed to three vendors, with FRPT and Navistar likely as the dominant players followed by BAE as a smaller third player," Donaghey wrote this week. "Consequently, FRPT's market share of MRAP should once again increase, providing a significant positive catalyst for the stock."



But some see a fresh competitor bursting onto the MRAP scene instead. They feel that the new Ceradyne-Oshkosh team -- touting a next-generation MRAP vehicle known as the Bull -- will snag some big orders going forward.



Certainly, the two companies themselves feel optimistic enough. JMP Securities analyst Jason Simon noted as much after paying a visit to Ceradyne's military vehicle manufacturing center in Michigan this summer.

For starters, Simon stressed, Ceradyne has hired a strong manager with "extensive experience in bringing vehicles from prototype to production." Meanwhile, he said, Ceradyne has already welcomed Oshkosh engineers to its own vehicle armor facility and integrated the computer design systems for both companies. Moreover, he added, Ceradyne has leased a big new production facility and started lining up suppliers to boot.

"Our takeaway from the visit was very positive, as it indicated that Ceradyne has all the components in place that position it favorably for a vehicle armor award," wrote Simon, whose firm makes a market in the company's securities. "With the potential for short-term catalysts in the near future, [including] the company's first major vehicle armor order, we believe Ceradyne's currently depressed stock price offers investors an attractive entry point."

Thus, he stated, "we maintain our market-outperform rating and $85 target price" on the shares.

Ceradyne's stock, hit by concerns about the company's body armor business this summer, fetched less than $65 a share at the time of Simon's report. But it has since recovered strongly and currently trades near the high end of its 52-week range.

P.S. Even in a recession, this stock could still make you money!

Cramer believes this stock is undervalued, recession-proof and poised to deliver +30% in the next year, regardless of the state of the economy. Click here to discover Cramer’s pick FREE.
 
Posted by Jo4321 on :
 
Who's still in?

-------------
Analyst Upgrades Force Protection to 'Outperform,' Expects Vehicle Orders to Rise


NEW YORK (AP) -- A Friedman Billings Ramsey analyst upgraded Force Protection Inc.'s stock Monday, saying he expects the U.S. and other governments to place more orders for the company's armored vehicles.
ADVERTISEMENT


Force Protection shares climbed 17.9 percent last week, rising with other defense stocks after Pentagon officials requested nearly $190 billion in military funding in 2008, $42 billion more than previous estimates.

Of that $42 billion, $11 billion would be used to order 7,000 additional mine resistant ambush protected vehicles.

On Wednesday, analyst Patrick McCarthy upgraded the stock to "Outperform" from "Market Perform," and lifted his target price to $25 from $18. He said the Defense Department will order 1,500 more mine resistant vehicles this year, giving Force Protection a total of 8,000 orders to fill.

"In the near term, we anticipate an MRAP vehicle contract for at least 465 vehicles, but based on the company's production potential, we also believe that number could be materially higher," he said.

The British government could order more than 80 Mastiff vehicles over the next few months, he added, on top of an existing order of 110 vehicles.

Force Protection shares rose $1.56, or 7.2 percent, to $23.22 Monday.


http://biz.yahoo.com/ap/071001/force_protection_analyst_note.html?.v=1
 
Posted by cspaude on :
 
I was never out, even though I should have taken some profits when it hit the 30's. This is great to see that it turned the corner.
 
Posted by minkybodl on :
 
http://www.wral.com/news/local/video/1866296/

Local News video on Cheetah, shows the new plant.
 
Posted by cspaude on :
 
Looks like the money to replace all up-armored humvees with MRAPs has become a reality! Does anyone know of a snag in this bill that will make Bush veto it?

US Senate approves $23.6B for MRAPs

Huge! Where will FRPT stock go Tuesday? I pray this ISN'T people have been buying FRPT in anticipation of and now will sell on the news. $23,600,000,000. That's a lot of digits to be handed out.
 
Posted by Jo4321 on :
 
quote:
I was never out, even though I should have taken some profits when it hit the 30's.
Yeah, you and me both. This was a perfect example of a stock that would have been better to sell in May and go away.

Jo
 
Posted by Jo4321 on :
 
Pre-market is rocking!
-----------------------

Force Dynamics, LLC Breaks Production Records in SeptemberLast update: 10/2/2007 9:02:01 AM

LADSON, S.C., Oct 02, 2007 (BUSINESS WIRE) --

Force Dynamics, LLC--a joint venture between leading defense manufacturers Force Protection, Inc. (FRPT) and General Dynamics Land Systems, a business unit of General Dynamics Corporation (GD)--today announced record vehicle production numbers for the month of September.

Force Dynamics produced more than 115 Mine Resistant Ambush Protected (MRAP) Category I and Category II Cougar vehicles in the past month, exceeding delivery objectives and MRAP contract requirements.

To date, Force Dynamics is ahead of schedule on its Category I and Category II MRAP competitive contracts for the year. "We are pleased to note that our production and delivery performance continues to surpass expectations," said Force Protection CEO Gordon McGilton. "Our long experience has shown us which manufacturing processes and methods best lead to success in producing this life-saving technology. Combining these efforts with the expertise and capacity of General Dynamics has resulted in a potent partnership that is getting this battlefield solution to the warfighter faster than ever before."

The Pentagon has ordered more than 1,900 of Force Protection's Cougar and Buffalo vehicles to support its MRAP program requirements to date. The Cougar and Buffalo vehicle series have been deployed in Iraq and Afghanistan since 2003, and have withstood thousands of explosive attacks.

About Force Protection Inc. Force Protection, Inc., first to answer the call to duty for the urgent need to bring lifesaving mine-resistant ambush protected vehicles to U.S. troops in combat and an American company whose vehicles, Cougar and Buffalo, have a proven track record where it matters most; in the battlefield, manufactures ballistic- and mine-protected vehicles through its wholly-owned subsidiary. These specialty vehicles protect against landmines, hostile fire, and Improvised Explosive Devices (IEDs, commonly referred to as roadside bombs). Force Protection's mine and ballistic protection technologies are among the most advanced in the world. The vehicles are manufactured outside Charleston, S.C. For more information on Force Protection and its vehicles, visit . About General Dynamics General Dynamics Land Systems, a business unit of General Dynamics (GD), designs, manufactures and supports land and amphibious combat systems for the U.S. Army, U.S. Marine Corps, and allied nations. Headquartered in Falls Church, Va., General Dynamics employs approximately 82,900 people worldwide and expects 2007 revenue of approximately $27 billion. The company is a market leader in mission-critical information systems and technologies; land and expeditionary combat systems, armaments and munitions; shipbuilding and marine systems; and business aviation. More information on General Dynamics can be found online at . This press release contains forward-looking statements that involve risks and uncertainties. The Company generally uses words such as "believe," "may," "could," "will," "intend," "expect," "anticipate," "plan," and similar expressions to identify forward-looking statements. You should not place undue reliance on these forward-looking statements. Actual results could differ materially from those anticipated in the forward-looking statements for many reasons, including the risks described in the Company's Form 10-K and other reports filed with the Securities and Exchange Commission. Although management believes the expectations reflected in the forward-looking statements are reasonable, they relate only to events as of the date on which the statements are made, and the Company's future results, levels of activity, performance or achievements may not meet these expectations. The Company does not intend to update any of the forward-looking statements after the date of this document to conform these statements to actual results or to changes in expectations, except as required by law. SOURCE: Force Dynamics, LLC
Policy Impact CommunicationsJeff Child, 202-737-5339
 
Posted by Lockman on :
 
Nice play JO, can you believe this was 15.26 on 9/18. You've played this from the Repo days, nice to see it pay off. GL
 
Posted by Jo4321 on :
 
This stock is psycho. Actually went red for a moment after being up over .80 in premarket.

Jo
 
Posted by cspaude on :
 
I see in Cramer's transcript of mad money he was bearish on FRPT, but there's no description of why. Anybody see it? I know, I know, who gives a sh!t about what Cramer thinks, I'm just curious is all.
 
Posted by TimW on :
 
Cramer is a tard.

All he knows how to say is buy google.

I bet thats probably why they have increased so much cause his tard ass has been telling everyone nonstop for years to buy google.

Mass public brainwashing.
 
Posted by Jenna on :
 
Tim W....

Go check out CSHD...interesting events today.... [Wink]
 
Posted by Jo4321 on :
 
More Armor for U.K. Troops
MoD Seeks to Expand Cougar Fleet; Needs Pentagon To OK Vehicle Diversion

By ANDREW CHUTER


LONDON — Britain will more than double its protected patrol vehicle fleet by adding 148 Force Protection Cougar vehicles, whose purchase is now being negotiated with the U.S. government.
Under what is essentially a mirror image of the U.S. Mine Resistant Ambush Protected (MRAP) requirement, the British military has already acquired 108 modified Cougars — which they call the Mastiff —for use in Iraq and Afghanistan.
Now the British want more to fill an ur¬gent operational requirement to better protect troops fighting the Taliban in south¬ern Afghanistan, industry sources said.

The British Treasury is clamping down on spending on urgent requirements, but it ap¬pears the upcoming Cougar deal has been approved.
But the British requirement for rapid de¬livery could pose a different kind of problem.
If the British are to get their order quick¬ly, the Pentagon will need to allow Force Protection to divert vehicles from produc¬tion lines that are already red-hot from building vehicles for the U.S. military. The company has an MRAP deal to deliver more than 1,900 Cougar and Buffalo vehicles.

The Pentagon allowed such a diversion for the first British order, and the British hope it will again allow something similar despite the high U.S. priority on MRAP production.

So far there is no firm order signed for the additional six-wheel-drive Cougars, al¬though a deal may be imminent, industry sources say.
The contract is a government-to-govern¬ment agreement signed as part of the U.S. Foreign Military Sales process.

A British Ministry of Defence (MoD) spokesman declined to confirm interest in buying more Cougars.

A Force Protection spokesman said the company had no official information re¬garding further British interest in Cougar.

The first vehicles were ordered in July 2006, deliveries got under way in late December, and the last of the 108 arrived in Britain for modification in June. As of early September, more than 80 of the vehicles were in service.
The Mastiff is an uparmored version of the Cougar fitted with the Army’s new Bowman tactical communications system and elec¬tronic countermeasures. The modifications were undertaken here.

Most of the early deliveries ended up in Iraq, but as the British draw down their ef¬fort in the Basra region of the country, the requirement has swung toward Afghanistan, where improvised explosive devices (IEDs) have caused several deaths.

One industry source here said Force Pro¬tection may also be providing Cheetah light tactical four-wheel-drive vehicles for a British special forces requirement.

The vehicle was displayed at the recent Defence Systems & Equipment Internation¬al (DSEi) show in London. Ostensibly, that was part of the company’s effort to secure an order from the British for the Medium Protected Patrol Vehicle (MPPV) require¬ment. But it now appears Force Protection may have had a second requirement in mind when it exhibited Cheetah.

The British in April kick-started the MPPV requirement to purchase 180 mini-MRAP type vehicles of about 14 tons to sit between the Mastiff and the much lighter Pinzgauer Vector patrol vehicle.

Interest in MPPV High, but Some Confusion
The requirement attracted a huge amount of interest, with BAE Systems, Force Pro¬tection, JCB, Krauss Maffei-Wegmann, Mac¬Neilie, NP Aerospace, Rafael and Thales among the possible contenders.

One media report here this week said the MoD had decided to drop the MPPV contest in favor of buying 250 Cheetahs. That’s been denied by the MoD spokesman here.

A narrowing of possible contenders had been expected at about the time of DSEi. That short list hasn’t arrived yet.

Until further clarity is available on the MPPV requirement, there will remain suspi¬cions about the future of a project that still requires funding at a time when the British armed forces are facing serious cuts.

Whether the growing Mastiff fleet, which will number about 250 if the new deal goes ahead, will affect MPPV requirements is unclear.
One defense contractor involved in the MPPV competition said there appeared to be “ongoing discussion at the MoD whether a larger, more protected vehicle was needed or whether they should go for something lighter and more agile. The debate is ongoing, leav¬ing MPPV in a bit of disarray for the moment.”

Others are more confident that MPPV is not on the ropes.

“We think they have a plan. They are test¬ing and evaluating what is in the gap be¬tween Mastiff and the Snatch Land Rover and may then decide whether to fund it,” an¬other contractor source said.

Either way, if the British want the first vehicles in service by their stated date of 2009, somebody will have to decide soon on funding.

http://www.defensenews.com/story.php?F=3087173&C=europe
 
Posted by cspaude on :
 
So....great news...customers other than the US piling in....AND WE'RE DOWN OVER 6%?!?! Can someone tell me wtf is going on? I don't see how this can be a case of "the order was smaller than expected". Maybe it is, but to me it's just gravy to what is still left of the pie from the US MRAP program. I hope it's simply profit taking today.
 
Posted by Free Muney on :
 
I believe today was a pullback on consolidation. Frpt generally is volitile mostly upward but also in downward. I took my muney off the table just for that reason on friday. RSI was at 80 so a pull back was certainly due after running from 16 to 24 in a week and a half. if your lucky it should consolidate around 20-22. But like I said its a volitile stock. good luck, I will feel better about getting back in when rsi bounces off of 50. If that happens... this company is making money like rabbits make babies so dont worry too much.
 
Posted by Jo4321 on :
 
I took some off the table on Friday too, at $24.40.

I started a new job yesterday and so I couldn't watch it. So I stuck a couple of GTC buy orders in to repurchase my shares. One for $22.80 and one for $23.50. UGH! Shoulda just let that money sit for a while.

Wonder what today will hold? Boy, work sure gets in the way of swing trading.

Jo
 
Posted by cspaude on :
 
Ahhh, now that's better. Up 8% so far. Let's hope it holds.
 
Posted by Jo4321 on :
 
wow, just got home from the new job. What a relief to see that even those shares I bought while it was falling are green!

Jo
 
Posted by Jo4321 on :
 
Hmmm, looks like my timing was finally good. Woo hoo!

(well, except that I sold Gamestop this morning at $57.80 and it's now $58.49)

Jo
 
Posted by divisionchris on :
 
You've got to take a look a CGMI. They are a new form of online wagering is sure to be a hit! The company operates a web portal that let players bet while playing skill games. Can you imagine the possibilities!
 
Posted by Lockman on :
 
Who is divisionchris and why is he pumping CGMI all over these boards?
 
Posted by Mortimer on :
 
quote:
Originally posted by Jo4321:
Hmmm, looks like my timing was finally good. Woo hoo!

Jo

Been out of FRPT (and these boards) for a while, but good to see it has been coming back nicely for you guys.

Jo, still got the reverse midas touch?
 
Posted by Jo4321 on :
 
Mortimer,

Yes, for the most part, but I'm doing a little better.

Jo
 
Posted by Free Muney on :
 
last week has been interesting, either consolidation, or turn around. either way monday should be exciting. lets all hope for green.
 
Posted by cspaude on :
 
Will our latest news, will we see a continual decline or a one day hit? I fear it will be the prior unless we see a contract soon. I think we all know we'll be hearing from Melissa shortly.
 
Posted by Jo4321 on :
 
Sigh, this has been exasperating. I told myself if it ever got to $25.00 again, I was gonna sell it all. But I didn't. I sold off 750 shares in the 25's, but bought back 400 of them at $24.00. Shoulda stuck with my original plan of selling them ALL. Then I could've taken advantage of these bargain prices today.

Jo
 
Posted by cspaude on :
 
Looks like it wasn't a terrible day afterall. My last post was when we were off 12%+ and the chart only looked downward. Sounds like some are saying it's happened before and this whole thing is overblown. I still want to see a contract soon so this all is forgotten.
 
Posted by cspaude on :
 
Well, Melissa strikes as predicted, but she just repeated what this bonehead said FRPT down on downgrade
I believe this guy is wrong because the IED threat will likely be the weapon of choice in future conflicts and the US will not drop the ball on protecting troops again. They will have these MRAPs in theater BEFOREhand. To do this, they must continue buying MRAPs NOW. Once all orders are filled, there will still be a need for parts and support. The big three in Detroit make a killing off of parts alone, and that's with normal wear and tear, not wartime and IEDs. Think about it.
 
Posted by Jo4321 on :
 
Contract out
International Military and Government LLC (IMG), Warrenville, Ill., is being awarded $509,241,000 for firm-fixed-priced delivery order #0005 under previously awarded contract (M67854-07-D-5032) for 1,000 Mine Resistant Ambush Protected (MRAP) Category I Low Rate Initial Production vehicles. Category I is a MRAP vehicle used by the Marine Corps and other Joint Forces for convoy operations. The MRAP vehicles are required to increase the survivability and mobility of troops operating in hazardous fire areas against known threats such as improvised explosive devices, small arms fire and mines. Work will be performed in West Point, Miss., and work is expected to be completed April 2008. Contract funds will not expire at the end of the current fiscal year. This contract was competitively procured. The Marine Corps Systems Command, Quantico, Va., is the contracting activity.


Force Protection Industries, Inc., Ladson, S.C., is being awarded $376,644,117 for firm-fixed-priced delivery order #0006 under previously awarded contract (M67854-07-D-5031) for the purchase of 553 Mine Resistant Ambush Protected (MRAP) Category I vehicles and 247 MRAP Category II vehicles and vehicle sustainment Integrated Logistic Support. Work will be performed in Ladson, S.C., and work is expected to be completed April 2008. Contract funds will not expire at the end of the current fiscal year. This contract was competitively procured. The Marine Corps Systems Command, Quantico, Va., is the contracting activity.

BAE Systems Land & Armaments, LP, Ground Systems Division, York, Pa., is being awarded $278,441,800 firm fixed priced delivery order #0005 under previously awarded contract (M67854-07-D-5025) for the purchase of 399 Mine Resistant Ambush Protected (MRAP) Category II vehicles and 112 MRAP Category II Ambulance Variant vehicles. Work will be performed in York, Pa., and work is expected to be completed by April 2008. Contract funds will not expire by the end of the current fiscal year. This contract was competitively procured. The Marine Corps Systems Command, Quantico, Va., is the contracting activity.

BAE Systems Land & Armaments, LP, Ground Systems Division, York, Pa., is being awarded $44,339,800 for firm fixed priced delivery order #0004 under previously awarded contract ( M67854-07-D-5025) for the purchase of 89 Mine Resistant Ambush Protected (MRAP) vehicle Category I United States Special Operations Command Variants and vehicle sustainment Integrated Logistic Support. Work will be performed in York, Pa., and is expected to be completed by March 2008. Contract funds will not expire by the end of the current fiscal year. This contract was competitively procured. The Marine Corps Systems Command, Quantico, Va., is the contracting activity.
 
Posted by cspaude on :
 
And we're....down. Juicy tidbit:

However, the Pentagon said it would not order any more MRAP vehicles designed and produced solely by a Canadian subsidiary of General Dynamics, nor by its rival Armor Holdings Inc., which was recently acquired by BAE Systems in August.

But still we're.........down. So tell me, has FRPT become the ******* child here? No matter what they do, it's never good enough. After falling 30-40% off it's high I assumed the competition from Navistar was factored in. Now it looks like BAE is out of the picture and more contracts are coming in December. Shouldn't have all the news created positive territory today then?
 
Posted by Jo4321 on :
 
I certainly don't understand it. FRPT can never catch a break.

I'm still holding, but this sure sucks today.

From now on, I'm going with my gut (which was to sell all at $25.00)

Jo
 
Posted by Jo4321 on :
 
.......THE NEGATIVE SPIN:

quote:
TheStreet.com
Navistar Shines in Mine-Resistant Vehicle Contracts
Thursday October 18, 7:26 pm ET
ByMelissa Davis, Senior Writer

In the race for military vehicle contracts, Navistar has once again left Force Protection eating some dust.
Both companies, along with British-based BAE, on Thursday scored new contracts from the U.S. Department of Defense for mine-resistant ambush-protected vehicles. But Navistar led the pack -- further threatening Force Protection's reign over the industry -- by landing the biggest order of all.

Navistar fielded an order for 1,000 MRAP vehicles for the Navy worth some $509 million. Force Protection secured a smaller order for 800 MRAPs for the Navy valued at $377 million. BAE won a new contract, too, landing a deal for 600 MRAPs worth almost $323 million, also for the Navy.

Not so long ago, Force Protection virtually monopolized the entire MRAP industry. But the company has steadily lost market share to other competitors. Navistar, once considered a long-shot MRAP contender at best, has managed to catch the company from behind.

All told, Navistar has now scored contracts for nearly 3,000 MRAP vehicles. So After just two months of production, Navistar has already delivered 188 of those vehicles to the military. The company plans to be churning out some 500 MRAPs a month by February.

For its part, Navistar likes to stress that it has been mass-producing commercial trucks for decades. Thus, the company clearly felt prepared when it entered the MRAP race.

"As the largest commercial truck and midrange diesel engine manufacturer in North America, we offer a number of advantages," said Archie Massicotte, president of Navistar's International Military and Government division. "We produced more than 161,000 commercial vehicles last year. We know how to produce quality vehicles."

Now, he added, "we are committed to delivering these (MRAPs) as soon as possible to help protect our military."
http://biz.yahoo.com/ts/071018/10385380.html?.v=2&printer=1


 
Posted by Jo4321 on :
 
....THE POSITIVE SPIN:
quote:

Force Protection Dances a Jig
By Rich Smith October 19, 2007
0
Recommendations
At first glance, I suppose I see TheStreet.com's point. In a column yesterday, Jim Cramer's mouthpiece argued that a $1.2 billion Pentagon award to produce additional mine-resistant, ambush-protected armored vehicles (MRAPs) was a bad thing for Force Protection (Nasdaq: FRPT).

After all, it's not as if Force got the whole award to itself -- or even the lion's share. Fact is, the greatest number of MRAPs was awarded to perhaps the least likely of the candidates -- NYSE-delisted truck maker Navistar, which was asked to produce 1,000 of the beasts for a cool $509.2 million. Force came in second in the MRAP lottery, with a contract to build 800 Cougars for $376.6 million. Third place went to Britain's BAE Systems, which will build 600 Chargers and similar MRAPS for $322.8 million. (Average per-vehicle cost, for those who are counting: $538,000 for BAE's various flavors of MRAP; $509,200 for Navistar's MaxxPro offering; and a mere $470,750 for Force's vehicles -- presumably Cougars.)

Actually, though, we can't expect Force to get even the full $376.6 million. Production constraints that forced it into bed with General Dynamics (NYSE: GD) last year mean Force will likely have to make use of its joint venture with armored-vehicle behemoth Force Dynamics and split the pot with its partner.

Sorry, dance card full
Left out in the cold in this deal are still-NYSE-listed truck maker Oshkosh (NYSE: OSK) and its BULL-ish beau, Ceradyne (Nasdaq: CRDN). But yesterday's big news wasn't just who won and who lost out -- it was who might win in the future, and who for-sure won't. Here, Fools, is where I see the real good news for Force Protection -- and improved potential for the company to join its fellow Motley Fool Rule Breakers picks in the winners' column of our portfolio.

Musical chairs
If war is good for profits, then xenophobia may be even better. In the past, the Pentagon had assured that it would do its utmost to get as many IED-proof vehicles as possible in the theater, as soon as possible -- regardless of who built them. But yesterday, it announced that in the future it would not be entertaining bids from two (sort of) foreign builders: General Dynamics subsidiary "Land Systems-Canada" and the now-foreign-owned Armor Holdings, which BAE bought earlier this year. Past MRAP contracts, you may recall, have been repeatedly given to General D's Land Systems-Canada unit, only to have the bulk of the work performed by various BAE subsidiaries. The Pentagon seems willing to allow BAE's U.S. subsidiary, BAE North America, to keep building MRAPs, however. And of course, the General's still free to keep building here in the States.

So perhaps "xenophobia" is too strong a word. After all, the Pentagon did provide a logical reason for its decision. Namely, it said it wants to keep down the maintenance costs by moving toward a more standardized fleet of MRAPs in the theater. It's a logical argument, reminiscent of JetBlue's decision to fly only one type of airplane initially (and just look what's happened to JetBlue since it changed its mind about that).

Still, the fact remains that the Pentagon seems to have chosen its preferred MRAP providers. General D, BAE North America, Navistar, and Force Protection are in. BAE/Armor Holdings and General D-North-of-the-Border are out. Also out, and perhaps this time for good, is Oshkosh. With it, I suspect, may go Ceradyne and its mysterious BULL armor/vehicle.

Purely hypothetical
And now we come to the jump-to-conclusions portion of today's column (obscure Office Space reference for you cubicle dwellers out there). If the military has indeed decided upon its favored builders of MRAPs, firms that lost out in the initial round may feel more inclined to buy back into this contest with an acquisition. General Dynamics and BAE are both too large for their rivals to comfortably swallow. But I wouldn't be entirely shocked if an early-round loser like Textron (NYSE: TXT) or Oshkosh decided to make a bid for bite-sized Force Protection or slightly larger Navistar.

The price would have to be right, of course. And it seems to me that Force would fit more logically into Textron's portfolio, Navistar into Oshkosh's. Either way, though, if the also-rans are to get back into the running for MRAP contracts, this would now appear to be their only option. Call me a Fool, but I think even the possibility of a buyout makes Force Protection more valuable today than it was before it "lost" first place to Navistar yesterday.

http://msn.fool.com/investing/high-growth/2007/10/19/force-protection-dances-a-j ig.aspx?logvisit=y&source=eedmsnlnk0010001


 
Posted by cspaude on :
 
That article summed up my thoughts exactly.
 
Posted by Free Muney on :
 
up 9% today, I jumped in yesterday when it dipped way below bollingerband for 18 a share... I'll take 11% in two days [Smile]
chart looks good for the rest of the week imo.

This company is still making a killing. War sucks, but gov't contracts do not... Might as well make money on spent tax dollars...
 
Posted by Jo4321 on :
 
Good Trading, there, Free Muney. I bought more on the "DIP" at $21.00 LOL. Gotta learn to be more patient. I'm beginning to think FRPT is like the weather. Don't like the current PPS? Wait a day or two it will be totally different.

Anyway, Zacks featured FRPT on the front page today:

http://www.zacks.com/

Zacks Commentary: Aggressive Growth Zacks Rank Buys are stocks with a short-term "Buy" or "Strong Buy" recommendation. To learn more about the Zacks Rank and its ability to beat the market year after year since 1988, visit the Zacks Rank Home Page.

Force Protection
By Roopak Chakravarty
Oct 24, 2007
Force Protection is winning contracts left and right. It recently won the second biggest contract in its history. This is showing up in higher earnings. The company's second quarter beat expectations by almost 42%. Over the past month, next year's earnings estimates have risen seven cents to $1.53 per share. Analysts expect that earnings will soar over 151% next year. FRPT has no debt and a 17% ROE.


Full Analysis

Force Protection, Inc. (FRPT) and its subsidiaries engage in the manufacture of ballistic and blast protected vehicles. The company's products are used to protect personnel during transport, removal of unexploded ordnance, route clearance, humanitarian de-mining, and other missions that require protection from landmines and hostile fire.

Its products include The Buffalo series, which is designed for route clearing activities; and The Cougar series for troop transport, explosive ordinance disposal, command and control, artillery prime mover, recovery and ambulance duty, urban patrol, route clearance support, utility transport, and special unit activities. The company also offers The Cheetah series for reconnaissance, forward command and control, and urban operations.

Earlier this week, the company announced that it received a contract valued at $376 million to build 800 vehicles for the Marine Corps' Mine Resistant Ambush Protected vehicle program. The order for the four- and six-wheel Cougar model vehicles is scheduled to be completed in April.

They will be built by Force Dynamics LLC, a joint venture between Force Protection and a division of General Dynamics Corp. Force Protection Chief Operating Officer Raymond Pollard said the order was second biggest in the company's 10-year history.

The company reported robust second-quarter results in early-August. Force Protection said it earned $32.8 million, or 17 cents a share, in the second quarter, up from $10.2 million, or a penny a share, a year earlier. Net sales rose to $134.7 million from $56.1 million. Analysts expected 12 cents per share.

FRPT also sold 212 of its medium-size Cougar trucks, used for troop transportation. Altogether, the company said it produced 229 vehicles in the recent quarter, compared with 285 produced for all of 2006.

The U.S. military has said it wants to purchase thousands of these trucks -- better known as MRAP, or mine-resistant ambush-protected, vehicles -- to use in place of the more vulnerable Humvee. Recently, the Defense Department requested the transfer of $1.2 billion in existing funds for an additional 2,650 MRAP vehicles, bringing the total size of its order to 6,415.

http://www.zacks.com/rank/zcommentary/?id=6180
 
Posted by Free Muney on :
 
well back down to even today, hitting that bollinger band. may be a good time to re-up. but, who knows. lots of selling seem to be pushing this down. when are quarterly fin. due? that should be a good surge imo.
 
Posted by Jo4321 on :
 
I think it will be Friday November 9. Based on the usual 40 days after end of the quarter.
 
Posted by cspaude on :
 
Got a quick little scare here until I read the whole thing. No new vehicles awarded to Navistar.

International Military and Government LLC, Warrenville, Ill., is being awarded $68,836,786 for firm-fixed-priced delivery order #0005 under previously contract (M67854-07-D-5032) for Mine Resistant and Ambush Protected (MRAP) Vehicle sustainment items. The Category I is an MRAP vehicle used by the Marine Corps and other Joint Forces for convoy operations. The MRAP vehicles are required to increase the survivability and mobility of troops operating in hazardous fire areas against known threats such as small arms fire, rocket propelled grenades, and improvised explosive devices. The Government shall purchase MRAP University requirements including field service representative-instructors, instructional material, course outlines, and special tooling, and additional sustainment items. Work will be performed at Red River Army Depot, Texarkana, Texas, and work is expected to be completed by the end of October 2008. This contract was competitively procured. The Marine Corps Systems Command, Quantico, Va., is the contracting activity.
 
Posted by kywee on :
 
Yea I don't see what negative thoughts are bringing this down. I'm def holding this one for mid 20's short term
 
Posted by geckothegreat on :
 
Force Protection Delays New Blast-Resistant Truck by Two Months

By Edmond Lococo

Nov. 1 (Bloomberg) -- Force Protection Inc., the largest supplier of blast-resistant trucks to the U.S. Marine Corps, will delay the start of production for its new Cheetah vehicle by two months to focus on delivering current products for the Iraq war.

Force Protection now plans to open the new plant for Cheetah construction in Roxboro, North Carolina, at the end of this month and to begin production in January, Vice President Michael Aldrich said in an interview today. Force had originally planned to begin output by Nov. 1, and to build 10 to 20 vehicles a month in November and December, he said.

To contact the reporter on this story: Edmond Lococo in Boston at elococo*bloomberg.net
 
Posted by kywee on :
 
Wonder why I can't find that on any news wires?
 
Posted by cspaude on :
 
Same thing as Navistar got earlier this week....no new vehicles, just support. But $91M is a lot. Like I said earlier, it's not just the vehicles that will drive the revenue of this company. If you guys watch some of these contracts, you'll have noticed some huge contracts to GD et al for repair of vehicles like the Abrams, etc.

--------------------------

Force Protection Industries, Inc., Ladson, S.C., is being awarded a $91,795,295 firm-fixed-priced delivery order modification under previously awarded contract (M67854-07-D-5031) for the purchase of Mine Resistant Ambush Protected (MRAP) Vehicles University, new equipment training, integrated logistic support and OCONUS (outside of the continental United States) field service representatives support. Work will be performed at Ladson, S.C., and work is expected to be complete November 2008. Contract funds will not expire at the end of the current fiscal year. This contract was competitively procured. The Marine Corps Systems Command, Quantico, Va., is the contracting activity.
 
Posted by cspaude on :
 
Lots of FRPT talk here at Defense Industry Daily.


Cougar Armored Trucks to Stalk Mines in the Battlefield
 
Posted by Jo4321 on :
 
Force Protection 3Q EPS 16c Vs EPS 0c >

FRPT

Last update: 11/13/2007 5:57:49 PM

DOW JONES NEWSWIRES Force Protection Inc.'s (FRPT) third-quarter net income rose to $11.36 million, or 16 cents a share, from $239,943, or less than 1 cent per share, for the year-ago period, the company said Tuesday.

Force Protection had sales of $206.29 million for the three months ended Sept. 30, up from $42.16 million for the same quarter a year earlier, according to the company's quarterly report filed with the Securities and Exchange Commission. Ladson, S.C.-based Force Protection makes armored land vehicles.

-Antonie Boessenkool, Dow Jones Newswires; 202-862-7139; antonie.boessenkool*dowjones.com (END) Dow Jones NewswiresNovember 13, 2007 17:57 ET (22:57 GMT)

http://biz.yahoo.com/e/071113/frpt10-q.html
 
Posted by stocktrader22 on :
 
Jo you back in this? Never played this one before but at $16 this has got to look enticing no?
 
Posted by Jo4321 on :
 
Back in? Never truly left. Still hold my core position at $2.19 and 6.50, but I've also got some trading shares as well. (those aren't doing so hot right now!)

Jo
 
Posted by Jo4321 on :
 
Oh BTW, if you liked it at $16.00, you'll love it down in the $15's (sigh)
------------------------


UPDATE 1-Force Protection Q3 net up, shares fall on funding plan

Wed Nov 14, 2007 1:17pm EST

BANGALORE, Nov 14 (Reuters) - Force Protection Inc (FRPT.O: Quote, Profile, Research) reported higher quarterly profit in line with analysts' estimates, but said it may have to raise capital through debt or equity to fund expansion, sending its shares down over 5 percent. The maker of ballistic and mine-protected vehicles, in a filing with the U.S. Securities and Exchange Commission on Tuesday, said it expects to spend about $45 million in the fourth quarter to expand its manufacturing capacity to be funded internally.

However, it would require additional capital in 2008 that may have to be part funded through debt or equity offerings.

Chris Donaghey, an analyst with SunTrust Robinson Humphrey, said he expects Force Protection to raise more than its December 2006 equity offering of $150 million.

The company reported third-quarter earnings of $11.4 million, or 16 cents a share, up from $239,943, or breakeven on a per-share basis, a year ago.

Earnings, excluding one-time liquidated damages of about 1 cent a share relating to the company's 2006 offering, were in-line with analysts' expectations of 17 cents a share.

Net sales surged almost four times to $206.3 million, from $42.2 million a year earlier, helped by increased deliveries of its Cougar and Buffalo armored vehicles. However, this included $33.3 million of sales attributable to its joint venture partner General Dynamics Corp (GD.N: Quote, Profile, Research).

Excluding the General Dynamics share, net sales were largely inline with analysts' estimate of $173.9 million.

Shares of the company fell about 89 cents to $16.81 in afternoon trade on the Nasdaq. (Reporting by Anant Vijay Kala in Bangalore)
 
Posted by madmacd on :
 
Oh well, look at the bright side,

8:30 AM ET) NEW YORK (MarketWatch) -- Force Protection Inc.'s (FRPT:force protection inc com new

4:00pm 11/14/2007

FRPT 15.75, -1.95, -11.0%) third-quarter net income rose to $11.36 million, or 16 cents a share, from $239,943, or less than 1 cent per share, for the year-ago period. Force Protection had sales of $206.29 million for the three months ended Sept. 30, up from $42.16 million for the same quarter a year earlier. Ladson, S.C.-based Force Protection makes armored land vehicles.
 
Posted by Jo4321 on :
 
Aerospace/Defense
Force Protection Fan Leaves Bull Herd
By Melissa Davis
Senior Writer
11/19/2007 1:07 PM EST
URL: http://www.thestreet.com/newsanalysis/aerospace-defense/10390863.html


OKLAHOMA CITY -- Now, even some loyal Force Protection (FRPT) supporters are succumbing to battle fatigue.

Take Thomas Weisel Partners analyst David Gremmels, for example. After initiating coverage of Force Protection with an overweight rating this spring -- and then watching the company steadily lose ground since that time -- Gremmels finally downgraded the stock to market-weight from overweight on Monday.

Rather than sure-fire victory, Gremmels now sees possible landmines ahead.

For starters, he worries that strong demand for Force Protection's all-new Cheetah -- once viewed as a likely replacement for the Humvee -- will fail to materialize. Moreover, he fears that Cheetah-related investments could cause a significant hit to Force Protection's earnings.

Even without major orders for the Cheetahs, Gremmels predicts Force Protection will soon tap the capital markets -- seeking between $100 million and $200 million in funding -- to finance production of the vehicles. Therefore, Gremmels sees clear risks ahead.

"We are increasingly concerned by the aggressive plan, and note that this strategy is unusual in the defense industry," Gremmels wrote when downgrading the company on Monday. Ultimately, "our Cheetah outlook is less optimistic than consensus" estimates.

Moreover, Gremmels fears that those estimates already include another big contract for Force Protection's popular mine-resistant ambush-protected vehicles.

Specifically, Gremmels expects the U.S. to place new orders for 6,500 MRAP vehicles in the coming weeks. He foresees Force Protection supplying roughly one-third of those. But he doubts that the company's stock will bounce as a result.

"Force Protection has received 47% of Category 2 orders to date -- but won only 33% of the 758 Category 2 vehicles ordered on Oct. 18," Gremmels stressed on Monday. "In the past, the stock has reacted positively to news flow.

"But given the publicity surrounding this order, we no longer expect it to serve as a catalyst."

Meanwhile, Gremmels has trimmed his own outlook for Force Protection's stock, putting his price target at $17, down from $22 earlier. His firm makes a market in the company's securities.

Force Protection's stock was down 3.8% to $14.45 Monday on Gremmel's downgrade. After peaking above $30 in late spring, the shares now trade near their lowest price of the entire year.

Even so, Force Protection still has plenty of fans. Most analysts expect the company's stock to climb back above $25, and possibly hit $35, over the course of the next year.

But Stanford Group analyst Josephine Millward sees more attractive opportunities. Late last week, she highlighted two Force Protection rivals that could land new orders for military vehicles very soon.

BAE Systems and Navistar (NAVZ) make medium mine-protected vehicles, which enjoy longer-term funding support than does the MRAP program, Millward stressed. Moreover, she added, they also rank as top MRAP vehicle suppliers.

"In our view, either BAE Systems or Navistar will be the most likely winner for MMPV due to their leading positions on MRAP I," Millward wrote on Friday. Meanwhile, "Force Protection recently disclosed in its 10-Q filing that its joint-venture proposal with General Dynamics (GD) (for MMPV) was disqualified," potentially knocking it out of the new MMPV game.
 
Posted by cspaude on :
 
What is going on?!?!?!
 
Posted by Jo4321 on :
 
Beats me.

(and I mean that)

Where is the bottom???

Jo
 
Posted by cspaude on :
 
Doesn't look like it was $13. I mean, every chart shows it's oversold.
 
Posted by captain america on :
 
frpt 10 min

 -
 
Posted by TimW on :
 
Melissa davis is so hot.
 
Posted by cspaude on :
 
Any ideas as to today's gain? Navistar got a contract for field reps, but no other news I've found for FRPT. Bounce due to being oversold? Speculative buys ahead of Dec contract announcements? I was planning on buying more, but after today's big jump I'll see what tomorrow brings.
 
Posted by kywee on :
 
Still holding on to my shares. That's all I can really say.
 
Posted by Jo4321 on :
 
quote:
Any ideas as to today's gain? Navistar got a contract for field reps, but no other news I've found for FRPT. Bounce due to being oversold? Speculative buys ahead of Dec contract announcements? I was planning on buying more, but after today's big jump I'll see what tomorrow brings.
There was good publicity yesterday as FPI rolled out its 1000th vehicle and there was a ceremony to commemorate it.

Fox news story here:
http://www.foxnews.com/video2/player06.html?112807/112807_silber_mines&Americas_ Newsroom&Explosive%20Demonstration&acc&US&-1&News&121&&&new
 
Posted by captain america on :
 
crap!

http://news.yahoo.com/s/ap/20071129/ap_on_go_ca_st_pe/marines_armored_vehicles_7
 
Posted by wdcisco on :
 
quote:
Originally posted by captain america:
crap!

http://news.yahoo.com/s/ap/20071129/ap_on_go_ca_st_pe/marines_armored_vehicles_7

Crap Indeed... [Frown]
 
Posted by TimW on :
 
What crap!!

They are saving lives now... but they may not be useful in the future.. so its not a good use of taxpayer money???

Guess they got a $$ sign on every marine and it surely doesnt add up to a squad of 6 being worth a $1 million vehicle.

T^*($%&*()*#$
 
Posted by cspaude on :
 
He!! of a bloodbath so far. Off 21% but is this news really THAT bad for FRPT. Maybe the concern is the army will follow suit.
 
Posted by glassman on :
 
here's the underlying problem:

Bush urges Congress to approve war funding before Christmas
updated 6:56 p.m. EST, Thu November 29, 2007

WASHINGTON (CNN) -- President Bush on Thursday called on Congress to approve billions of dollars in additional funding for the wars in Iraq and Afghanistan before lawmakers leave for their Christmas break.

He said the Army will have to shut down bases and start furloughing between 100,000 and 200,000 civilian workers by mid-February if Congress does not clear the funds.

"Pentagon officials have warned Congress that the continued delay in funding our troops will soon begin to have a damaging impact on the operations of this department," Bush said Thursday. "The warning has been laid out for the United States Congress to hear."

Defense Secretary Robert Gates already has ordered the Army and Marine Corps to plan for cutbacks, including civilian layoffs, termination of contracts and reduced operations at bases, The Associated Press reported.

A $50 billion war spending bill, which would have required U.S. troops to begin leaving Iraq within 30 days, passed the House but stalled last week in the Senate -- with Republicans balking at the withdrawal provision.


http://www.cnn.com/2007/POLITICS/11/29/bush.war.funding/
 
Posted by cspaude on :
 
Ahhh, I see. I bet that's exactly what the USMC proposal is about then. I personally think it's one giant bluff by the GOP to twist the arm of the Dems. If the Dems don't approve it, the GOP will win favor with the people because people with then think the Dems don't care about our soldiers, i.e. cutting MRAP vehicles. Again, making this announcement of an MRAP cutback even more peculiar.
 
Posted by cspaude on :
 
I just bought more at $11.
 
Posted by Jo4321 on :
 
Dang, the one evening, I stayed away from the computer and missed that news. I had a GTC order in for $12.85 which I bought promptly at the open!

Looking pretty bad today. Ray of hope is that it could be that the Marines are now posturing to get more Cheetahs, since they would have the maneuverability they seek.

After all, look what that same General Conway is saying in this article from September:


Test Drive Boosts U.S. Marines' Interest In Cheetah Vehicle
Author: Kris Osborn
Publisher: Defense News
Date: 07/09/2007
Website: http://www.defensenews.com/story.php?F=2879605&C=landwar

The U.S. Marine Corps may buy hundreds of Force Protection’s Cheetah, an 8-ton Humvee-type, four-wheel-drive vehicle with lightweight armor composites and blast-deflecting technology.

The Corps’ interest in the V-hulled, raised-chassis vehicle intensified after U.S. Marine Corps Commandant Gen. James Conway test-drove a prototype Cheetah at Force Protection’s plant in Ladson, S.C., June 9.

The Cheetah would function as a smaller, more mobile version of the 16-ton Mine Resistant Ambush Protected (MRAP) vehicles the U.S. military is beginning to buy.
“I’m excited about the latest addition to Force Protection’s family of MRAP Vehicles, the Cheetah,” Conway told the Marine Corps News, an internal publication of the Marine Corps, after the visit.

“If it proves itself through further testing, the Cheetah will offer the same survivability rates as its predecessors, but it’s also designed to be relevant beyond Iraq. The Cheetah will be easier to rapidly deploy, as it will be much more compatible with air and sea transport than larger MRAP vehicles currently in production,” he said.

Overseas Interest

The Marines aren’t the only ones interested in the Cheetah; company officials said Britain, Italy and Turkey are also eyeing the vehicle. In response, Force Protection plans to build a factory in the coming months and is now weighing bids by two states.

"We are establishing a new production facility, where we will produce 70 to 90 vehicles in the fourth quarter this year, and be producing at a rate of 2,000 a year by 2008," said Mike Aldrich, Force Protection vice president.

Conway went to the factory, which has built roughly 600 Cougar and Buffalo armored vehicles now in service in Iraq and Afghanistan, to see how the vehicles are made and to thank workers for building them. He was so impressed with the Cheetah that he started calling his program officials.

Commandant Impressed

“The commandant’s office called and said he has directed a lot of people to get serious about the Cheetah in a hurry,” said a senior Marine Corps official with the MRAP program office.

The Cheetah vehicle is built for reconnaissance missions and faster-moving tactical, urban operations. At its top speed of 85 miles per hour, it also gets twice the gas mileage of a Cougar, another Force Protection vehicle.

“It will be much more adaptable to maneuvering in tight areas such as urban environments and it does well off-road. The Cheetah has half the weight of the Cougar with equal protection,” said Aldrich.

The Cheetah’s armor, which is intended to protect against up to 30 pounds of TNT, is designed, as is the Cougar, to accommodate add-on armor as newer composites emerge, said Aldrich. A prototype Cheetah has been blast-tested at Force Protection’s test site in Edgefield, S.C., with 15 pounds of TNT within 25 feet, and other charges directly underneath the chassis.

“We set off a blast similar to an IED [improvised explosive device] under a minivan or pickup truck to show in a basic way what this kind of blast does to a regular civilian vehicle, then saw the Cheetah withstand the explosion,” said company spokesman Jeffrey Child.

As an expeditionary force, the Marine Corps needs mobile, quick-to-deploy vehicles.

“We are excited about the compatibility it has for rapid deployment,” said Marine Corps Lt. Col. Thomas Johnson, spokesman for Conway.
 
Posted by Jo4321 on :
 
Last paragraph update . Rumor unconfirmed. (but I'm not holding my breath)

Force Protection Falls as Marines Plan Less Purchases (Update2)
2007-11-30 13:58 (New York)


(Updates with company comment in the seventh paragraph.)

By Allen Wan and Anthony Capaccio
Nov. 30 (Bloomberg) -- Force Protection Inc. fell the most
in more than four years in Nasdaq Stock Market trading after the
U.S. Marine Corps said it may reduce purchases of blast-
resistant armored vehicles.
Ladson, South Carolina-based Force Protection plunged
$4.24, or 28 percent, to $10.71 at 1:53 p.m. New York time in
composite trading. That's the steepest decline since July 15,
2003.
The Marines plan to reduce by about 1,400 trucks the number
of mine-resistant vehicles, or MRAPs, it intends to buy, said
Colonel David Lapan, a Corps spokesman.
The number of vehicles needed may drop to 2,300 from 3,700
because of a reduction in violence in Al Anbar province and the
desire of commanders to use a greater mix of mine-resistant
vehicles and armored Humvee vehicles, Lapan said today in an
interview at the Pentagon.
Fewer military purchases of MRAPs would be ``negative'' for
Force Protection, the largest supplier of the vehicles to the
Marines, Friedman Billings, Ramsey & Co analyst Patrick McCarthy
wrote in a note to investors today.
A reduction would cut the company's 2008 profit by 21
cents, wrote McCarthy, who based his calculations on reports
that the Marines would scale back its bomb-resistant truck
purchases to 2,400. His current estimate for next year's
earnings is $1.57 a share.

Force Protection

Force Protection Chief Executive Officer Gordon
McGilton said today the company has not been informed of
any change in the Marine Corps procurement plan.
Company executives met with Paul Mann, the head of the
Marine Corps program, as recently as two days ago and no
change was announced at that point, McGilton said.
Force Protection plans to seek clarification from the
Marine Corps on the report, McGilton said.
``Never believe the first report,'' McGilton said in
an interview at the company's new plant in Roxboro, North
Carolina. ``You learn that on the battlefield, and in
business.''

--With reporting by Edmond Lococo in Roxboro, North Carolina.
Editors: Chapin Wright, Will Daley.
 
Posted by Jo4321 on :
 
News out of NC....


http://www.wral.com/business/story/2107711/

Protecting Military Could Mean Boost in State's Economy
Military Vehicle Plant Being Built in Roxboro

Posted: Today at 1:10 p.m.

Roxboro — A new plant in Person County will manufacture armored vehicles for the military and bring a boost into the state's economy.

Force Protection, Inc., the world's leading manufacturer of ballistic- and blast-protected vehicles, will build a plant in Roxboro. Over the past five years in Person County, the region has lost more than 1,700 manufacturing jobs.

One of the vehicles that would be built in the plant is the Cheetah, an armored vehicle designed to counteract roadside bombs and mines. At a groundbreaking ceremony Friday, U.S. Rep. Brad Miller said the vehicles could decrease the number of deaths from roadside attacks by as much as 80 percent.

The company plans to hire more than 300 people with salaries averaging more than $30,000. Officials said the plant could roll out as many as 2,000 Cheetahs as early as next year
 
Posted by wallymac on :
 
Force Dynamics, LLC Breaks Production Records in November

Force Protection, Inc. (NASDAQ:FRPT) and General Dynamics Land Systems (NYSE:GD) – through their joint venture Force Dynamics, LLC – today announced that in November they once again broke monthly vehicle production records.

Through their Force Dynamics joint venture, the companies produced 288 Mine Resistant Ambush Protected (MRAP) Category I and Category II Cougar vehicles. Force Protection alone also produced nine Category III Buffalo vehicles in November, one more than the eight deliveries called for in its sole-sourced MRAP contract. To date, Force Dynamics is 68 vehicles ahead of schedule on all MRAP Category I and II delivery commitments for the year. In addition, Force Protection is two vehicles ahead of schedule on its sole-sourced Category III Buffalo contracts for the year.

“Throughout 2007, the refinement of our manufacturing processes and methods, combined with the efforts of our partner General Dynamics, has resulted in unprecedented strides in the production, delivery, and sustainment of these proven battlefield solutions in a fraction of the time that is normally required,” said Force Protection CEO Gordon McGilton.

“The joint venture continues to deliver on its promise to ramp up production of this lifesaving blast protection technology in support of our servicemen and women,” he said. “We will do everything we can in this effort, even beyond the current threat and MRAP program. Wherever free societies live and grow, they are susceptible to attacks from IEDs and landmines. Our vehicles meet that threat head-on.”

The Pentagon has ordered more than 2,700 Cougar and Buffalo vehicles from Force Protection to date in support of MRAP requirements. The Force Dynamics enterprise has delivered more MRAP vehicles to the war fighter than any other manufacturer.

“The MRAP program is important to Force Dynamics, and we stand ready to continue to support it,” said Force Protection Chief Operating Officer Raymond Pollard. “The vehicles we produce are designed and have been used for a variety of missions since their initial deployment in 2003. The Buffalo was initially considered a solution for route clearance operations in Afghanistan, but its role quickly expanded to missions in Iraq. The Marines initially used the Cougar in 2004 as a transport unit for first response explosive ordnance disposal teams. Its role has expanded as all military branches now use it as the vehicle of choice for general troop transport and convoy escorts in dangerous areas of operation.

“From the beginning, we have designed our vehicles to be mission-configurable, knowing that evolving, escalating threats would require an adaptable solution,” he said. “The need for vehicles with a proven record of success in protecting and saving lives in the face of explosive attacks is not specific to the current conflict. We will continue to support U.S. armed forces and their allies with the equipment to protect them on today’s battlefield, and those that lie ahead.”

Force Protection marked the dedication of its new 430,000-square-foot facility in Roxboro, NC on November 30 that will serve as the main production plant for the company’s newest vehicle series, Cheetah. At half the weight of the larger Buffalo and Cougar vehicles, the Cheetah incorporates similar levels of blast protection with the speed and versatility of a lower profile, more compact vehicle that is ideal for urban patrols, homeland security, and law enforcement operations.

“We appreciate the need for a lighter weight, expeditionary vehicle that can protect against explosive threats in operations that require tight maneuvering and versatility,” said McGilton. “The Cheetah is designed to fill these types of roles, and we look forward to the many important ways our newest vehicle series will be used, both at home and abroad.

“Force Protection’s history has been a remarkable one,” he said. “By every measure, it is an impressive American success story as a small start-up entrepreneur has become a mainstream assembly line manufacturer and industry leader in an astoundingly short period. The vision, expertise, and hard work of the company’s founders and workforce, along with the support of its shareholders and partners, have brought Force Protection to where it stands today. The leadership and infrastructure are in place, the product is proven and continues to be critically needed, and the future of Force Protection is bright.”

About Force Dynamics, LLC

Force Dynamics, LLC is a joint venture between leading defense manufacturers Force Protection, Inc. (NASDAQ:FRPT - News) and General Dynamics Land Systems, a business unit of General Dynamics Corporation (NYSE:GD - News).

About Force Protection, Inc.

Force Protection, Inc. was the first to respond to the urgent need to bring lifesaving mine-resistant ambush protected vehicles to U.S. troops in combat. The Company is a leading American manufacturer of ballistic- and blast-protected wheeled vehicles currently deployed by the U.S. military and its allies to support armed forces and security personnel in conflict zones. The Company’s specialty vehicles, the Cougar and the Buffalo, each have a proven track record where it matters most - in the battlefield. The Company’s newest vehicle, the Cheetah, is designed specifically for reconnaissance, forward command and control, and urban operations, and combines state-of-the-art ballistic and blast protection with the mobility of a unique light-armored vehicle. These specialty vehicles, which the Company believes are in the forefront of blast-resistant technology, are designed to protect their occupants from landmines, hostile fire, and improvised explosive devices (IEDs, commonly referred to as roadside bombs). The Company is one of the primary providers of vehicles for the U.S. military’s Mine Resistant Ambush Protected, or MRAP, vehicle program. For more information on Force Protection and its vehicles, visit www.forceprotection.net.

About General Dynamics

General Dynamics, headquartered in Falls Church, Va., employs approximately 83,000 people worldwide and anticipates 2007 revenues of approximately $27 billion. The company has leading market positions in mission critical information systems and technologies, land and amphibious combat systems, shipbuilding and marine systems, and business aviation. More information about the company is available on the Internet at www.generaldynamics.com.

This press release contains forward-looking statements that involve risks and uncertainties. The Company generally uses words such as “believe,” “may,” “could,” “will,” “intend,” “expect,” “anticipate,” “plan,” and similar expressions to identify forward-looking statements. You should not place undue reliance on these forward-looking statements. Actual results could differ materially from those anticipated in the forward-looking statements for many reasons, including the risks described in the Company’s Form 10-K and other reports filed with the Securities and Exchange Commission. Although management believes the expectations reflected in the forward-looking statements are reasonable, they relate only to events as of the date on which the statements are made, and the Company’s future results, levels of activity, performance or achievements may not meet these expectations. The Company does not intend to update any of the forward-looking statements after the date of this document to conform these statements to actual results or to changes in expectations, except as required by law.

Force Protection, Inc.
Tommy Pruitt, 843-574-3866


Source: Business Wire (December 3, 2007 - 8:32 AM EST)

News by QuoteMedia
www.quotemedia.com
 
Posted by Lockman on :
 
http://stockcharts.com/h-sc/ui?s=FRPT&p=D&yr=1&mn=0&dy=0&id=p76471290291

$10.61 Might be a good bounce here.
 
Posted by cspaude on :
 
I cannot believe this. No news that I see which tells me we might be hearing of some contracts after hours. Unfortunately, probably not for FRPT. This is crazy.
 
Posted by a surfer on :
 
wow... where is repo??
 
Posted by PCola77 on :
 
Holy cow. last I remember this was at like $25!
 
Posted by kywee on :
 
Geeze, I am getting killed here and I'm only holding from 18+
 
Posted by cspaude on :
 
No MRAP contracts awarded today so that's not why. Anybody find any news?
 
Posted by kywee on :
 
http://www.armytimes.com/news/2007/12/gns_armymraps_071210/

Army may cut order of MRAPs

"Crider’s troops have helped reduce violence in the southern Baghdad district known as Rashid. IED attacks have dropped in the brigade’s area from a high of 217 in June to 65 in November. The brigade is the first regular Army unit to receive MRAPs."
 
Posted by Jo4321 on :
 
Back to square one for me.

What a ride this past year. I feel nauseous.

Jo
 
Posted by cspaude on :
 
Melissa's typing furiously as we speak.
 
Posted by Jo4321 on :
 
No doubt.
 
Posted by PCola77 on :
 
Jesus. Under $6 now. I'm afraid to buy, but man, seems like it could be a good buy down here.
 
Posted by Lockman on :
 
quote:
Originally posted by kywee:
Geeze, I am getting killed here and I'm only holding from 18+

Wow! Maybe you'd better reajust your trading plan.
 
Posted by Lockman on :
 
http://stockcharts.com/h-sc/ui?s=FRPT&p=D&b=5&g=0&id=p07418600164

Did some restricted shares hit the market or is this just a slow down in business?
 
Posted by glassman on :
 
http://www.nasdaq.com/asp/Holdings.asp?mode=&page=&FormType=&kind=&Leap=&mkttype =&sel=holdingssummary&userinput=&symbol=FRPT&symbol=&symbol=&symbol=&symbol=&sym bol=&symbol=&symbol=&symbol=&symbol=&selected=FRPT
 
Posted by glassman on :
 
http://www.nasdaq.com/asp/holdings.asp?mode=&kind=&symbol=FRPT&symbol=&symbol=&s ymbol=&symbol=&symbol=&symbol=&symbol=&symbol=&symbol=&symbol=&symbol=&symbol=&s ymbol=&symbol=&symbol=&symbol=&symbol=&symbol=&symbol=&symbol=&symbol=&symbol=&s ymbol=&symbol=&FormType=form4&mkttype=&pathname=&page=insiderform4&selected=FRPT
 
Posted by metal1 on :
 
with the serious potential for a business slowdown i would imagine all those funds have been cashing out for a while
 
Posted by PCola77 on :
 
Approaching $5 now...
 
Posted by Jo4321 on :
 
$4.83

This is unreal. (well, I wish it were)
 
Posted by bilgert on :
 
In at $4.80- got as low as $4.70 and then went on a hyper EOD run when they popped it up .10 in a nanosecond.

Really scary, but facinating.
 
Posted by cspaude on :
 
What vehicle did my lover Melissa say was rejected by the DoD? Never heard or saw anything on it nor that FRPT was fielding a vehicle for the "medium mine-protective vehicle" program. Did I miss something?
I used to be eternally optimistic about FRPT but unless some huge happens, ie cheetah or large contracts, we're not going above 10 anytime soon I don't think. This sucks.
 
Posted by Danny12345 on :
 
I got in today as well.... GLTA....
 
Posted by cspaude on :
 
Holy sh!t, the bears are out in full force. Every article is horribly negative. Isn't this when you're supposed to buy? I pray this is the bottom.
 
Posted by Ace of Spades on :
 
quote:
Originally posted by cspaude:
Holy sh!t, the bears are out in full force. Every article is horribly negative. Isn't this when you're supposed to buy? I pray this is the bottom.

Have you read anyon those negative articles you're reffering to??? [Big Grin] FRPT had one customer...now that customer isn't sure if it's buying anymore! It will bounce some time, but I'm taking my profit quick, and will not be holding this for very long when it does bounce! It will just be a day trade...or as chuck9 calls it, a "hit and run trade" [Roll Eyes] [Roll Eyes] [Roll Eyes]
 
Posted by cspaude on :
 
I'm trying to be optimistic. You apparently didn't read my post before that one then. I don't see us getting above $10 without huge news. They do have more than one customer, though. The Brits for example. However, none with as deep of pocket or as hungry of an appetite as the U.S.
Looking ahead....this JLTV program that's supposed to replace the Humvee. If they award it to a company that is competing for MRAPs, will they continue to award that company MRAP contracts? Probably too little, too late and contract delivery for the JLTV will likely be post MRAP. hmmm
 
Posted by bilgert on :
 
After a morning shakedown it looks like she wants to stay above $5. Phew! (for now...)
 
Posted by bilgert on :
 
$5.34- HOD Yes!

Keep those orders coming in folks! All lines are open; operators are standing by.

Call 1-800-Please-close-at-$6.00
 
Posted by Danny12345 on :
 
lol hahhahahhahahahahah
 
Posted by Igor R on :
 
Wow, what happened to this? I remember last time I looked at it, it was about $22/share.
 
Posted by bilgert on :
 
Ended at $5.26 with a mini rally, after teasing the low teens and $5.50+. I'll take it.

Hope the MOMO continues tomorrow.
 
Posted by bilgert on :
 
Looking at MMS this morning- looks like she's gonna start off okay. Cross dem fingers...
 
Posted by Jo4321 on :
 
Message from the Chief Executive Officer, Force Protection Inc.


While it is generally not the policy of the Company to comment on rumors or speculation regarding the Company, we believe that we need to address significant misinformation about the Company and to update our shareholders on Force Protection's financial posture and dispel unfounded rumors amongst the shareholder base, the investment community, and elsewhere:


FINANCES
The Company's current cash position is strong with over $60 million in liquid assets, virtually no debt, and a significant capacity to access debt capital as necessary. Given our recent growth, the Company does routinely explore a variety of financial instruments that provide greater financial flexibility and have historically supported our growth as an enterprise. We believe our public disclosures of financial performance are evidence that these decisions have led to effective use of capital. We believe concerns about investments in the development of our next generation of product, the Cheetah, seem shortsighted. We believe that no other contractor in our industry develops vehicles faster, or makes more efficient use of capital in the related production ramp up, than Force Protection. Our record thus far supports that belief, and we intend to carry that record into the future.


MRAP RESPONSE
Let me also re-emphasize our commitment to urgent operational need requirements as issued by major ground commanders in Iraq/Afghanistan and contracted by the MRAP joint program office. Not only is this the most important program in the United States Department of Defense, it is a program that our vehicles helped create. As early as July 2003, we were delivering Buffalo mine-protected clearance vehicles to the Army Corps of Engineers in response to urgent needs in Afghanistan. Our Cougar vehicles have undergone four separate upgrades in protection levels since their first fielding in 2004. In total, they have saved tens of thousands of lives, which would have been lost to IEDs or landmines, in a lesser vehicle. They have not just been tested – they have been proven against a vicious and determined enemy. When United States tactical wheeled vehicle fleets showed a vulnerability to blast attack, these vehicles stopped the bleeding. Requirements will rise and fall by theater, month-to-month, but until MRAP vehicles are integrated into all service units in significant numbers, the attacks will persist. We have just begun to make an impact, not completed the task.

Some have also said that Force Protection is too dependent on one customer, but let's take a closer look at that "one customer." Within the DoD, we are servicing all of the individual services with MRAPs and the joint EOD Rapid Response vehicle; the Army Corps of Engineers is the principal consumer of Buffalo MPCVs, but the Marine Corps now owns several dozen as well. A robust spare parts and support business is delivered through the Defense Logistics Agency as well as through each of the separate services and our international customers. In short, we have multiple customers with demand for both our vehicles and our services to support and sustain the vehicles after delivery. Foreign military sales have also been sponsored by DoD and generated deliveries to the United Kingdom, Iraq, and Canada. We are optimistic regarding further foreign military sales orders.


FORCE DYNAMICS
We have a strong and effective joint venture with General Dynamics Land Systems, called Force Dynamics. This joint venture now produces more MRAP vehicles in one month (300 +) than Force Protection delivered in all of last year (2006: 296 total vehicles). Force Dynamics is the documented and recognized leader in MRAP deliveries of Category I and Category II vehicles, while Force Protection alone continues ahead of schedule on its sole-sourced Category III Buffalo deliveries. We are standing by for more orders, and we can still do more.


CHEETAH
We are confident that the attributes of our Cheetah vehicle are consistent with those cited by senior military officials who set the requirements for the next generation of tactical, wheeled, blast and ballistic protected vehicles. These qualities and features, along with the existence of an operating manufacturing facility to produce them, once again puts Force Protection in an excellent position going forward.


FUTURE COMMUNICATIONS - GLOBAL MARKETS
No other company offers the range of choices in weight class, configurations, or mission-specific attributes to the multiple customers purchasing MRAP-type vehicles. No other company has demonstrated the production capacity equal to the Force Protection, Inc.-led network of companies. No other company's products even come close to the battle record of protection of both Buffalo and Cougar. In my next message, I look forward to discussing how our newest production success, Cheetah, will address future demand for the vehicles of Force Protection.
 
Posted by PCola77 on :
 
Guess I shoulda bought...
 
Posted by bilgert on :
 
BOOM SHAKALAKA!
 
Posted by Ace of Spades on :
 
FRPT board : Here is LINK!!!!

http://thelion.com/bin/forum.cgi?sf=FRPT

Good Posters...follow THE Lionmaster !!!!!
 
Posted by bilgert on :
 
$7.14

ZOINKS SHAGGY!

In all seriousness, what a great letter from the CEO. Well-written and brimming of confidence.
 
Posted by bilgert on :
 
Seven-fitty.... so pretty.
 
Posted by cspaude on :
 
Love it.
 
Posted by bilgert on :
 
settling in at $6.90- let's hope for a nice EOD run.
 
Posted by Lockman on :
 
http://stockcharts.com/h-sc/ui?s=ONMC&p=D&b=5&g=0&id=p03567362602

Nice chart! Hope you all are making some cash on this rebound.
 
Posted by Danny12345 on :
 
I did, but I left a LOT on the table.... Still a happy camper [Smile] ...
 
Posted by Jo4321 on :
 
here's Melissa....

Aerospace/Defense
Force Protection Digs Out of Ditch
By Melissa Davis
Senior Writer
12/14/2007 4:30 PM EST
URL: http://www.thestreet.com/newsanalysis/aerospace-defense/10394680.html


The wild ride at Force Protection (FRPT) continues, with the CEO putting the brakes on a plunge that had left the company's shares parked dangerously close to penny-stock territory.

After remaining largely silent in the face of bad news, CEO Gordon McGilton reassured investors about Force Protection's prospects Friday and sent the company's stock rocketing higher in the process. The shares, which slipped below the crucial $5 level earlier this week, jumped 28% to $6.75 in heavy trading on Friday.

In a statement on Force Protection's Web site, McGilton insisted that demand should remain strong for the company's mine-resistant ambush-protected vehicles. Moreover, he suggested that prospects look bright for its new lightweight Cheetah -- a possible Humvee replacement -- as well. He also portrayed the company's financial position as strong and its capital-intensive expansion plans as sound.

As a result, for the first time this month, Force Protection investors finally felt sheltered from bombshells. In recent weeks, hit by a string of negative developments, even loyal Force Protection fans had started to lose some faith in the company and its tight-lipped leader. Prior to Friday's rise, shares had tumbled 51% since the beginning of December.

With doubts about its prospects growing, Force Protection no longer enjoys the same bullish following that it once did. Just one day before McGilton finally spoke out, in fact, Dougherty analyst Joe Maxa scaled back his own projections for the company. Maxa's firm makes a market in the company's securities.

Maxa was still recommending Force Protection's stock this week at just below $5 a share. However, with Maxa's 2009 estimates now falling "significantly below" those for 2008, Force Protection doesn't exactly look like a blockbuster growth company anymore.

Indeed, to some, future demand for Force Protection's vehicles looks shaky at best. If the MRAP program does in fact shrink, as most experts now expect, Force Protection could see sales of its flagship Cougar vehicles fall sharply down the road. Moreover, with the company's lightweight Cheetah failing an early test overseas, the company could find itself struggling to offset those lost Cougar sales.

Notably, Bloomberg reported on Tuesday, the U.K. recently eliminated the Cheetah from a vehicle competition after it fell short of "a number of key user requirements" set forth under that program.

Still, Force Protection itself remains upbeat. The company is pouring huge sums into a new facility to manufacture Cheetahs despite a lack of orders for the vehicles so far. In his update on Friday, McGilton defended that investment and portrayed the Cheetah as a desirable vehicle that will put the company "in an excellent position going forward."

Meanwhile, some experts never lost their faith in the company at all.

Even before McGilton's public statement, Collins Stewart analyst James McIlree was defending Force Protection and downplaying the company's recent setbacks. Indeed, just this week, McIlree predicted that Force Protection would enjoy strong future demand for its Cougars and Cheetahs alike.

Within weeks, in fact, McIlree expects Force Protection to score a full third of this year's final MRAP order. Looking further ahead, he believes that Force Protection will remain busy producing Cougars in 2008 before shifting its major focus to Cheetahs the following year. Despite the current lack of orders, McIlree suspects that Force Protection could be cranking out some 1,800 of the lightweight vehicles by 2009.

He continues to recommend the company's stock, which he values at $12 a share, in the meantime. His firm has investment banking ties to the company.

Until McGilton spoke out, investors seemed to be listening to bearish analysts instead. After months of following the defense industry in general -- and warning about Force Protection in particular -- Stanford analyst Josephine Millward formally initiated coverage of Force Protection with a sell recommendation on Monday. The stock lost one-quarter of its value in response.

Even after Friday's huge gains, the shares still command less than they did when Millward issued her report. But Millward, for one, still sees room for further downside ahead.

She sees slowing demand for Force Protection's Cougar and limited prospects for its new Cheetah as well. She believes that Force Protection will miss Wall Street estimates in 2008 and suffer a big slowdown in 2009 as a result.

Millward recommends that investors sell Force Protection's stock before that happens. Ultimately, she believes the stock will fall back down to $5 a share. She sees only three key risks to her target -- a buyout, a troop surge or a Cheetah boom -- but downplays all three as unlikely in the end.
 
Posted by cspaude on :
 
quote:
the U.K. recently eliminated the Cheetah from a vehicle competition
Has anyone found an article or details of this? It's no surprise she's trying to dog this stock. I'd like to know her real motivation.
 
Posted by glassman on :
 
have you guys ever read thru the streetdotcoms website?

they feature Cramer piks... Cramer is fully "hooked up" with hedges...

http://www.thestreet.com/tsc/specialoffers.html
 
Posted by wdcisco on :
 
lionmaster called this on thelion.com...

Damn he's good...
 
Posted by bilgert on :
 
quote:
Originally posted by wdcisco:
lionmaster called this on thelion.com...

Damn he's good...

several other people called this- I don't know why he deserves any more credit than anybody else.
 
Posted by Ace of Spades on :
 
quote:
Originally posted by bilgert:
quote:
Originally posted by wdcisco:
lionmaster called this on thelion.com...

Damn he's good...

several other people called this- I don't know why he deserves any more credit than anybody else.
You obviously don't know lionmaster than, or know his track record. He calls the best big board plays/bounces than any poster on any board! I challenge you to direct me to a better poster....You can't!!! He called dozens of ***********s this year, and these are big board stocks so you can put in big Money, and margin if you choose(not that I recommend it). He called, LUM, TARR, BHIP, VG, IOC, so many monster calls I can't even remember them! over 20 this year that at least doubled!

LoL...several posters said that FRPT will bounce In general(Which was obvious), but not many picked the day and time that it actally did! The Lionmaster and I_love_bb_stock at Ihub called it dead on. They are my two favorite posters on any board!
 
Posted by wdcisco on :
 
quote:
Originally posted by Ace of Spades:
quote:
Originally posted by bilgert:
quote:
Originally posted by wdcisco:
lionmaster called this on thelion.com...

Damn he's good...

several other people called this- I don't know why he deserves any more credit than anybody else.
You obviously don't know lionmaster than, or know his track record. He calls the best big board plays/bounces than any poster on any board! I challenge you to direct me to a better poster....You can't!!! He called dozens of ***********s this year, and these are big board stocks so you can put in big Money, and margin if you choose(not that I recommend it). He called, LUM, TARR, BHIP, VG, IOC, so many monster calls I can't even remember them! over 20 this year that at least doubled!

LoL...several posters said that FRPT will bounce In general(Which was obvious), but not many picked the day and time that it actally did! The Lionmaster and I_love_bb_stock at Ihub called it dead on. They are my two favorite posters on any board!

Right on Ace..!
On another thread we were discussing his calls...so I thought I would be good to know... [Wink]
 
Posted by wdcisco on :
 
Double post--ooops!
 
Posted by bilgert on :
 
Thelionmaster from his exhalted site "in FRPT here at $4.88, trading near cash levels here. "

Danny12345 got in at $4.75 (he told me)... I got in at $4.80 (see above). I make no claim to be better or worse than lionmaster- whoever he is. Presumably, we all got in at this PPS because we thought it would bounce from there. Otherwise, why would we buy it?

Maybe he has a spectacular track record. Maybe he can turn water into wine and fly a DC-10, blindfolded with his feet- I just don't think it's particularly relevant to post this after the fact. If someone posted here something like this _before_ the run:

"lionmaster likes FRPT at $4.88 because of (Reason X)."

it would seem more appropriate.

I'm glad you like his picks- me, I don't put my faith in any one poster simply based on track record. I gotta see the facts, the filings, the charts and sometimes, smell the MOMO.

Ace buddy, I reject your challenge simply because it's irrelevant to me. That said, I have nothing against him - or those who drool over his picks. Good luck to you.
 
Posted by wdcisco on :
 
I'd also like to throw in that it was a pincher play as well...(refer to the P.P.P. Board for any questions)...

and Bilgert FWIW nice call buddy! [Wink] --didn't mean to piss you off..
 
Posted by TimW on :
 
THe only reason he "makes the calls"

Is as soon as he "makes the calls" 10,000 little investors go oooo he "made the call" lets jump on board.

He sells his position after his 10,000 new friends run the price up.

No one that makes "picks" are interested in you making money. They are using you to inflate the price so THEY can sell.
 
Posted by Ace of Spades on :
 
quote:
Originally posted by TimW:
THe only reason he "makes the calls"

Is as soon as he "makes the calls" 10,000 little investors go oooo he "made the call" lets jump on board.

He sells his position after his 10,000 new friends run the price up.

No one that makes "picks" are interested in you making money. They are using you to inflate the price so THEY can sell.

You have know clue what you're talking about! FRPT is one example....There are others nobody else called...IT has nothing to do with his following....He is just good at calling the shots.
 
Posted by bilgert on :
 
quote:
Originally posted by wdcisco:
I'd also like to throw in that it was a pincher play as well...(refer to the P.P.P. Board for any questions)...

and Bilgert FWIW nice call buddy! [Wink] --didn't mean to piss you off..

You didn't piss me off- and sorry if I came out that way- and thanks for the accolades, although I wasn't looking for them.

My bigger point is that while I might be interested in what certain posters have to say, I would never buy into a company simply because they said they bought into it. I think that was in danger of being implied.

That said, lemme try and bring things back to FRPT. I'm hoping for $8- and the CEO alluded to another PR or shareholder letter coming around the corner, so let's just hope that does the trick...
 
Posted by bilgert on :
 
quote:
Originally posted by TimW:
THe only reason he "makes the calls"

Is as soon as he "makes the calls" 10,000 little investors go oooo he "made the call" lets jump on board.

He sells his position after his 10,000 new friends run the price up.

No one that makes "picks" are interested in you making money. They are using you to inflate the price so THEY can sell.

I don't think that's unconditionally true- but you gotta watch those picks with a little skepticism.
 
Posted by woswill on :
 
quote:
Originally posted by TimW:
THe only reason he "makes the calls"

Is as soon as he "makes the calls" 10,000 little investors go oooo he "made the call" lets jump on board.

He sells his position after his 10,000 new friends run the price up.

No one that makes "picks" are interested in you making money. They are using you to inflate the price so THEY can sell.

This would be true if we were dealing with a penny stock..
 
Posted by glassman on :
 
quote:
Originally posted by woswill:
quote:
Originally posted by TimW:
THe only reason he "makes the calls"

Is as soon as he "makes the calls" 10,000 little investors go oooo he "made the call" lets jump on board.

He sells his position after his 10,000 new friends run the price up.

No one that makes "picks" are interested in you making money. They are using you to inflate the price so THEY can sell.

This would be true if we were dealing with a penny stock..
you mean he's not another cramer? [Smile]

FRPT is a penny stock now (again).. any stock under 5$ (some brokers define it as 10$) is technically a penny stock...

why do you think penny stocks are any different from other stocks (exactly)?

the DOW has been a roller coaster for three-four months now...
 
Posted by Jo4321 on :
 
FWIW, here's an upgrade from sell to hold;

Force Protection Inc HOLD
NASDAQ: FRPT, $5.26
Upgraded 12/15/07
United States
Columbine Capital's Investment Conclusion
The Columbine research team projects that Force will perform in line with the market over the next 6 to 12 months.

The team has ranked it Neutral and recommends that investors maintain any existing position, but do not add to it.

Forecast Earnings Yield is Very Attractive
The expected return (in earnings per share) for the purchase price of a company?s stock is one of the most basic measures of a firm?s intrinsic value. By comparing the consensus earnings estimates from Wall Street?s analysts with the current stock price we can focus our
evaluation on the firm?s potential earning power. This is the most important valuation measure in this sector. At its current price of $6.85, we consider Force greatly
under-valued.
----------------------------------------------

Looks like this was penned on Thursday night (when the price was $5.26), but they updated it in the body with the $6.85 price.

There's more here, if you have Fidelity
https://research2.fidelity.com/fidelity/research/reports/pdf/getReport.asp?docke y=127-FRPT
 
Posted by wallymac on :
 
http://www.stockconsultant.com/consultnow/basicplus.cgi?symbol=FRPT&3890#ttop
 
Posted by bilgert on :
 
http://www.defensenews.com/story.php?F=3252363&C=america

Pentagon Plans 3,000-MRAP Order

By KRIS OSBORN

The Pentagon plans to order about 3,000 more Mine Resistant Ambush Protected (MRAP) vehicles the week of Dec. 17, marking the largest MRAP order to date, Pentagon officials said.
The 3,000 will be split up among the three main MRAP vendors chosen by the U.S. Defense Department during the down-select process in October: Force Protection, Navistar International and BAE Systems.
The order will substantially add to the 8,800 MRAPs placed on order thus far by the Defense Department. Overall, the Joint Requirements Oversight Council has approved the purchase of 15,374 vehicles.
In an effort to rev up production capacity, Pentagon leaders have set the goal of producing up to 1,200 MRAPs per month by early 2008. However, November MRAP production was only 805 vehicles, more than 100 below the monthly goal.
One analyst said the next order could have been substantially larger had the production goal been met.
“Because production fell short last month, it is likely the Pentagon will only be able to immediately order the production of approximately 3,000 vehicles, at a pace of 1,000 per month,” said Jim McAleese of McAleese and Associates, a national security law firm.
“If contractor production had been able to credibly achieve 1,100 to 1,200 a month, this could have resulted in an immediate order of up to 3,500 vehicles,” McAleese said. “Secretary [John] Young [Pentagon acquisition chief] has been a powerful advocate for protecting those specific contractors who are aggressively meeting their monthly production quotas.”
 
Posted by bilgert on :
 
Anybody read Turkish, lol? I got this from ihub:

http://www.kenthaber.com/Arsiv/Haberler/2007/Kasim/27/Haber_296472.aspx

TSK, 400 MRAP alıcak

Türk Ordusu Mayına Dayanıklı, Pusu Korumalı MRAP zırhlı araçlarıyla donatılacak. ''Yürüyen kale'' ismi de verilen MRAP türü zırhlı araçlardan, iki ayrı paket halinde en az 400 adet alınması planlanıyor.

AA muhabirinin aldığı bilgiye göre, ''Mine Resistant Ambush Protected'' kelimelerinin kısaltmasıyla isimlendirilen, Mayına Dayanıklı Pusuya Korumalı (MRAP) zırhlı araçlar, son derece gelişmiş zırh koruma ve dayanıklılık sistemi
sayesinde, hiç bir mayın saldırısından etkilenmiyor. Bu araçlar halen Afganistan ve Irak'ta Amerikan askerleri tarafından kullanılıyor ve uzaktan kumandalı mayın saldırılarında dahi askeri birlikleri koruyabiliyor.

ABD'nin Irak'taki askeri kayıplarının yüzde 70'den fazlasının, yollara döşenen mayınlar yüzünden olması üzerine çözüm arayışına gittiğini belirten savunma sanayi uzmanları, Amerikan Ordusunun, yollara döşenen mayınlardan asker kaybını önlemenin tek çaresini, mayına dayanıklı araç temin etmekte bulduğunu vurguluyorlar.
ABD Ordusu, gelecek yılları da kapsamak üzere 7 binin üstünde MRAP siparişi vermiş durumda.

-MAYINLI PUSULARDAN ETKİLENMİYOR...

Türk Ordusunun da bundan böyle mayına dayanıklı araçlar üzerinde yoğunlaşacağı belirtilirken, alınacak MRAP zırhlı araçlarının 15+2 kapasiteli olacağı ifade ediliyor. Dünyanın en gelişmiş ve güçlü koruma sistemine sahip olan MRAP türü araçlar, askeri birliklerin en çok karşılaştığı sorunlardan biri olan mayınlı pusulardan etkilenmiyor.
Her türlü arazi ve iklim şartında çalışabilen bu zırhlı araçlarda, iki ayrı paket halinde, en az 400 adet alınması planlanıyor. Yol kenarına yerleştirilen bombalara karşı askerleri korumak için ''V''şeklinde gövdeye sahip yüksek şasili bu araçlar, en yoğun çatışma bölgesinde bile güvenlik sevkıyat sağlıyor.

-''YÜRÜYEN KALE'' OLARAK DA İSİMLENDİRİLİYORLAR...

Verilen bilgiye göre ''Yürüyen Kale'' ismi de verilen bu kategorideki araçlar, en güçlü zırha sahip olan Humvee türü zırhlılardan bile kat kat dayanıklı. 4x4 ya da 6x6 modelleri bulunan MRAP türü zırhlı araçlar, askeri birliklerin,çatışma bölgelerine hızlı ve tam güvenli şekilde intikal etmesini sağlarken, kendi savunma sistemine sahip olmasının yanı sıra komuta-kontrol aracı olarak da kullanılabiliyor.

AA Yayın Tarihi : 27 Kasım 2007 Salı Güncelleme :27 Kasım 2007 Salı
 
Posted by wdcisco on :
 
I don't..lol
But I used a translator:

TSK MRAP customer Turk Army Floating mine Lasting , Ambush Saving MRAP armoured araçlarıyla donatılacak. ''Yürüyen fortress ismi even if data MRAP genesis armoured araçlardan , having two faces apart packet carpet minimal 400 number inclusion planlanıyor. AA muhabirinin take notice of knowledge according to ''Mine Resistant Ambush Protected'' kelimelerinin kısaltmasıyla isimlendirilen , Floating mine Lasting Ambush Saving MRAP ) armoured means , the uttermost developed armour saving and stamina system thanks to , no one each floating mine saldırısından smitten. This means now Afganistan and Irak American military by kullanılıyor and from far-off command floating mine saldırılarında dahi military birlikleri koruyabiliyor. ABD'nin Irak'taki military kayıplarının commission fazlasının , shipment floor covering floating mine on account of unprecedented about solution after gittiğini adverb defence industries province , American Ordusunun , shipment floor covering mayınlardan soldier loss repression a single thing çaresini , floating mine lasting means making sure do bulduğunu vurguluyorlar. ABD Army , future take on years even if comprise at the point of 7 rider on MRAP order give position. MAYINLI PUSULARDAN ETKİLENMİYOR. Turk Ordusunun even if henceforth floating mine lasting means upon yoğunlaşacağı belirtilirken alınacak MRAP armoured araçlarının 152+ capacity which will happen explanation ediliyor. World most developed and strong saving system owner possibility MRAP genesis means , military birliklerin most comparison sorunlardan one of them possibility floating mine pusulardan smitten. Whatever estates and climate şartında çalışabilen this armoured araçlarda , having two faces apart packet carpet , minimal 400 number inclusion planlanıyor. Comrade on fitted bomb opposed to military defend in ''V''şeklinde body owner high chassis this means , most thick skirmish bölgesinde even security dispatch life. ''YÜRÜYEN Fortress OLARAK EVEN IF İSİMLENDİRİLİYORLAR. Data knowledge according to ''Yürüyen Fortress ismi even if data this kategorideki means , ruling armour owner possibility Humvee genesis zırhlılardan even fold fold lasting. 4x4 or even if modelleri situated MRAP genesis armoured means , military birliklerin,çatışma bölgelerine quick and complete secure form transition etmesini sağlarken , self defence system owner olmasının combustible row command - control mediator olarak even if practicable. AA Publication Historic : 27 November 2007 Tuesday Güncelleme :27 November 2007 Tuesday
 
Posted by bilgert on :
 
Thanks- I got a similar result from translationbooth.com...
 
Posted by cspaude on :
 
So in October the DoD said it planned to order 6,500 in December. Granted the latest article said 3,000 for the "WEEK of Dec. 17th" but the way the rest of it reads, I doubt any more will be awarded for the month. I suppose Melissa will turn that into ammunition against FRPT.
 
Posted by bilgert on :
 
Gettin premarket jiggles. Bid dancing around $7.20.
 
Posted by bilgert on :
 
after a nice opening pop- it's been struggling. Almost back to Friday's EOD PPS though.
 
Posted by bilgert on :
 
I sold today at $6.66 (sign of the devil). I just didn't like the L2's. Gettin creamed now.
 
Posted by Jo4321 on :
 
Looks like that was a great move, Bilgert.

I, unfortunately, decided to choose today to replace some shares I sold at $7.30 last week with some at $6.25.

Sigh.
 
Posted by Jo4321 on :
 
FRPT Alert in News Feed
See the reseach on theflyonthewall.com
News Breaks
December 17, 2007
15:40 EDT FRPT theflyonthewall.com: Pentagon says plans potential $147M sale to Britain of MRAP trucks built by FRPT
This is being reported by Reuters. :theflyonthewall.com
 
Posted by bilgert on :
 
Nice little EOD rally going on here.
 
Posted by bilgert on :
 
Would love to get back in at some point- it's been a hard one to chart inter-day though. I still think $8 is possible down the road- it just looks like the road is kinda bumpy.
 
Posted by wallymac on :
 
quote:
Originally posted by Jo4321:
FRPT Alert in News Feed
See the reseach on theflyonthewall.com
News Breaks
December 17, 2007
15:40 EDT FRPT theflyonthewall.com: Pentagon says plans potential $147M sale to Britain of MRAP trucks built by FRPT
This is being reported by Reuters. :theflyonthewall.com

Pentagon plans $147 mln truck sale to Britain
Mon Dec 17, 2007 3:56pm EST
WASHINGTON, Dec 17 (Reuters) - The Pentagon told Congress Monday of a potential $147 million sale to Britain of 170 trucks designed to withstand roadside bombs used against allied forces in Iraq and Afghanistan.

The main contractor for the mine-resistant, ambush-protected (MRAP) vehicles would be Force Protection Industries Inc (FRPT.O: Quote, Profile, Research) of Ladson, North Carolina, the Pentagon's Defense Security Cooperation Agency said in a notice to lawmakers. (Reporting by Jim Wolf; Editing by Jeffrey Benkoe)


© Reuters 2007. All rights reserved. Republication or redistribution of Reuters content, including by caching, framing or similar means, is expressly prohibited without the prior written consent of Reuters. Reuters and the Reuters sphere logo are registered trademarks and trademarks of the Reuters group of companies around the world.
 
Posted by Livinonklendathu on :
 
$5 in ah

Force Protection Industries, Inc. (FPII), Ladson, S.C,, is being awarded a $377,775,613 firm fixed priced delivery order #0007 under Contract (M67854-07-D-5031) for the purchase of 178 Mine Resistant Ambush Protected Category I vehicles, 180 MRAP CAT II vehicles, including engineer change proposals and Integrated Logistic Support.� The MRAP vehicles are required to increase the survivability and mobility of troops operating in hazardous fire areas against known threats such as improvised explosive devices, small arms fire and other explosive threats.� The sustainment ILS will consist of Authorized Stockage ListCAT I and CAT II, Prescribed Load ListingCAT I and CAT II, Deprocessing, and Basic Issue Items.� Work will be performed in Ladson, S.C., and work is expected to be completed by Jul. 2008.� Contract funds will not expire at the end of the current fiscal year.� This contract was competitively procured.� The Marine Corps Systems Command, Quantico, Va., is the contracting activity.
 
Posted by Jo4321 on :
 
Geez, tanking again. Not enough percentage of the contracts.

Jo
 
Posted by cspaude on :
 
This was the worst case scenario. I'd like to bid $1, Bob. No joke.

International Military and Government LLC (IMG), Warrenville, Ill., is being awarded $1,183,141,218 for firm-fixed-priced delivery order #0006 under previously awarded contract (M67854-07-D-5032) to purchase an additional 1,500 Category I (CAT I) Mine Resistant Ambush Protected (MRAP) Low Rate Initial Production (LRIP) vehicles. This order also includes sustainment items needed to support the vehicles in theater as well as several Engineering Change Proposals to increase the vehicles’ capabilities. The CAT I is an MRAP vehicle used by the Marine Corps and other Joint Forces for convoy operations. The MRAP vehicles are required to increase the survivability and mobility of troops operating in hazardous fire areas against known threats such as improvised explosive devices, small arms fire and other explosive threats. Work will be performed in WestPoint, Miss., and work is expected to be completed by the end of Jul. 2008. Contract funds will not expire by the end of the current fiscal year. This contract was competitively procured. The Marine Corps Systems Command, Quantico, Va., is the contracting activity.

BAE Systems Land & Armaments, LP. Ground Systems Division, York, Pa., is being awarded $645,445,800 for firm-fixed-priced delivery order #0006 under previously awarded contract (M67854-07-D-5025) to purchase 600 Mine Resistant Ambush Protected (MRAP) Category II vehicles, engineering change proposals and vehicle sustainment Integrated Logistics Support (ILS). The MRAP vehicles are required to increase the survivability and mobility of troops operating in hazardous fire areas against known threats such as improvised explosive devices, small arms fire and other explosive threats. Work will be performed in York, Pa., and work is expected to be completed by June 2008. Contract funds will not expire by the end of the current fiscal year. This contract was competitively procured. The Marine Corps Systems Command, Quantico, Va., is the contracting activity.

Stewart & Stevenson Tactical Vehicle, Division of Armor Holdings, Sealy, Texas, is being awarded $458,128,283 for a firm-fixed-priced delivery order #0003 under previously awarded contract (M67854-07-D-5030) to purchase 668 Mine Resistant Ambush Protected Category II (CAT II) vehicles with CAT I seating configuration, sustainment parts and engineering change proposals. The MRAP vehicles are required to increase the survivability and mobility of troops operating in hazardous fire areas against known threats such as improvised explosive devices, small arms fire and other explosive threats. Work will be performed in Sealy, Texas, and is expected to be completed Jul. 2008. Contract funds will not expire at the end of the current fiscal year. This contract was competitively procured. The Marine Corps Systems Command, Quantico, Va., is the contracting activity.

Force Protection Industries, Inc. (FPII), Ladson, S.C,, is being awarded a $377,775,613 firm fixed priced delivery order #0007 under Contract (M67854-07-D-5031) for the purchase of 178 Mine Resistant Ambush Protected Category I vehicles, 180 MRAP CAT II vehicles, including engineer change proposals and Integrated Logistic Support. The MRAP vehicles are required to increase the survivability and mobility of troops operating in hazardous fire areas against known threats such as improvised explosive devices, small arms fire and other explosive threats. The sustainment ILS will consist of Authorized Stockage ListCAT I and CAT II, Prescribed Load ListingCAT I and CAT II, Deprocessing, and Basic Issue Items. Work will be performed in Ladson, S.C., and work is expected to be completed by Jul. 2008. Contract funds will not expire at the end of the current fiscal year. This contract was competitively procured. The Marine Corps Systems Command, Quantico, Va., is the contracting activity.
 
Posted by cspaude on :
 
Does anyone see any catalyst to getting this stock to turn around? The only thing I can think of is that the DoD is downsizing MRAP orders to FRPT in anticipation of placing large JLTV orders in the spring. But that's foolish and unlikely.
 
Posted by Jo4321 on :
 
You know, I always laugh at those people on "Deal or No Deal", who keep on going when they should really stop. Now I am one of them.

Didn't take the deal at $30.00. Didn't take the Deal at $21.00, Didn't even take the deal at $7.00. But I got a nice shiny empty case.

Jo
 
Posted by cspaude on :
 
I'm with ya, Jo. I feel like a complete idiot for going against my own trading plan, but I saw so much was yet to come. I kept buying on the way down. When you read things like this:

The current stable of MRAP producers roughly doubled their output in November to more than 800 trucks -- but still missed the Pentagon�s acquisition target of 997 vehicles, according to sources familiar with preliminary data on MRAP deliveries last month. These sources say that only one vendor -- Force Dynamics, an industry team consisting of Force Protection Industries, Ladson, SC, and General Dynamics Land Systems, Sterling Heights, MI -- met its production goal

....it leads you to believe the DoD will go with FRPT/FDyanamics because they're able to get it done on time. Oh no, of course not! They're punished with getting the SMALLEST order!!! Does anything make sense here?!?! I wish we could hear what those in theater are saying about the different models they get.
 
Posted by Jo4321 on :
 
No it doesn't make any sense at all.

I did flip some along the way up. But as it went down instead of selling, I kept buying.

I just decided to sit down tonight and see just how much I actually lost in FRPT. Cause up until the last few weeks, I was only losing profits (although in a big way), but now, I'll be losing capital when I sell what I have left. I've got to figure out how to best do that. Probably will take some loss this year and some loss next year.

I do not have enough capital gains to benefit from the entire losses this year. So I may try and work it out so that with my gains and losses it will be as close to a $3,000 loss as possible, take the other losses next year and hope that I'll have gains next year that I can use the entire amount as an offset.
 
Posted by cspaude on :
 
I figured out the per vehicle numbers for the other 3 vendors:

IMG Cat I - $788,760/vehicle
BAe Cat II - $1,075, 743/vehicle
AH(now BAe) Cat II- $685,820/vehicle

I couldn't find any contracts for FRPT that separated $ awarded for Cat I from Cat II. The recent awarded amount divided by # of vehicles was $1,055,239 which leads me to believe FRPT has some mighty expensive vehicles. That armor holdings Cat II looks dirt cheap.
 
Posted by Jo4321 on :
 
The contract included the ILS as well, so I don't know if there is any good way to figure out per truck cost.
 
Posted by PCola77 on :
 
Jo, you really ended up losing money on FRPT? [Frown] I'm sorry to hear that, and honestly, am pretty shocked. Hope you at least understand what you did wrong and will use it to your advantage later.
 
Posted by wallymac on :
 
I had stay away from FRPT during the past year, just never had a feel for it.

I recently bought some because I believe this has been an over reaction. I have done a little DD and according to the last 10Q which ended Sept 07, the company had over 300M in assets, now that was before they were awarded $600M in contracts (the over 300M from both Oct and now today). This leads me to believe that the stock is undervalued and will rebound. When that will happen is anyone's guess. Yet IMO it will happen.

I, personally will hold and may even add at low levels. They opened a new factory, are in a good cash position with minimal debt and are selling vehicles to other countries as well. Everybody needs to make decisions that they feel are right for them. Just thought I would weigh in with my own thoughts, which by the way will get you a cup of coffee if you have the dollar or so in your pocket to pay for it.

GLTA
Wally
 
Posted by Ace of Spades on :
 
quote:
Originally posted by Jo4321:
No it doesn't make any sense at all.

I did flip some along the way up. But as it went down instead of selling, I kept buying.

I just decided to sit down tonight and see just how much I actually lost in FRPT. Cause up until the last few weeks, I was only losing profits (although in a big way), but now, I'll be losing capital when I sell what I have left. I've got to figure out how to best do that. Probably will take some loss this year and some loss next year.

I do not have enough capital gains to benefit from the entire losses this year. So I may try and work it out so that with my gains and losses it will be as close to a $3,000 loss as possible, take the other losses next year and hope that I'll have gains next year that I can use the entire amount as an offset.

Where on this chart did yo actually buy and sell...cause you could have almost doubled you money twice, and made like 2 50% shorts just playing FRPT off the chart! just using the basic, RSI, MACD, STOCKASTICS, and 50/200 moving averages!

 -
 
Posted by Happy Valley on :
 
Press Release Source: Force Protection, Inc.


Force Protection Awarded $379 Million MRAP Contract, Additional Foreign Military Sales Orders to Follow
Wednesday December 19, 9:02 am ET


LADSON, S.C.--(BUSINESS WIRE)--Force Protection, Inc. (NASDAQ:FRPT - News) today announced it has received a delivery order for an additional 358 Mine Resistant Ambush Protected (MRAP) Category I and Category II vehicles from the U.S. Marine Corps Systems Command (MARCORSYSCOM), which is acting as the lead contracting agency for the Department of Defense. The total approximate value of the order is $379 million.
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MARCORSYSCOM also advised Force Protection that its Cheetah vehicle proposal is in the competitive range for continued development and testing and will be further evaluated with modifications as part of the ongoing MRAP II competition.

“In addition to this order from the Marine Corps Systems Command, we intend to continue working with the Army to field the Cougar vehicle in a way that will meet the Army’s objective of reducing sustainment and life cycle expense,” said Gordon McGilton, CEO of Force Protection, Inc. “The MRAP vehicle program requirements are based on the very design characteristics of our Cougar and Buffalo – the most proven and effective vehicles of this kind in service, and the Army continues to be a valued customer under the MRAP Category III Buffalo program. We are in the process of finalizing a contract for the Buffalo route clearance vehicles to be part of the Ground Standoff Mine Detection System (GSTAMIDS) program of record.

“We are pleased that the Marine Corps, Navy, and Air Force continue to select our proven Cougar MRAP for their Category I and II vehicle requirements,” said McGilton. “The Cougar JERRV variant is already meeting joint service requirements for explosive ordnance disposal teams and continues to be the gold standard in performance where it matters most—on the battlefield.”

In related activities, foreign military sales have also been approved to the United Kingdom and Italy for approximately 300 Cougar and Buffalo vehicles. These contracts have a combined estimated value of $150 million, and include spare parts and sustainment items.

“As U.S. requirements for MRAP vehicles rise and fall, we are pleased to see the release of orders to foreign militaries,” said McGilton. “We are aware of several other countries who have expressed additional need for these life saving vehicles, and we expect to receive approval to service them as well.”

Deliveries for Cougar Category I and II vehicles in the MRAP program are executed through the company’s joint venture, Force Dynamics, LLC, with General Dynamics Land Systems (NYSE:GD - News). As reported at the end of November, Force Dynamics is 68 vehicles ahead of the contracted MRAP delivery schedule. Buffalo Category III vehicles are sole-sourced to Force Protection and produced independently in Ladson, SC.

About Force Dynamics, LLC

Force Dynamics, LLC is a joint venture between leading defense manufacturers Force Protection, Inc. (NASDAQ:FRPT - News) and General Dynamics Land Systems, a business unit of General Dynamics Corporation (NYSE:GD - News).

About Force Protection, Inc.

Force Protection, Inc. was the first to respond to the urgent need to bring lifesaving mine-resistant ambush protected vehicles to U.S. troops in combat. The Company is a leading American manufacturer of ballistic- and blast-protected wheeled vehicles currently deployed by the U.S. military and its allies to support armed forces and security personnel in conflict zones. The Company’s specialty vehicles, the Cougar and the Buffalo, each have a proven track record where it matters most - in the battlefield. The Company’s newest vehicle, the Cheetah, is designed specifically for reconnaissance, forward command and control, and urban operations, and combines state-of-the-art ballistic and blast protection with the mobility of a unique light-armored vehicle. These specialty vehicles, which the Company believes are in the forefront of blast-resistant technology, are designed to protect their occupants from landmines, hostile fire, and improvised explosive devices (IEDs, commonly referred to as roadside bombs). The Company is one of the primary providers of vehicles for the U.S. military’s Mine Resistant Ambush Protected, or MRAP, vehicle program. For more information on Force Protection and its vehicles, visit www.forceprotection.net.

About General Dynamics

General Dynamics, headquartered in Falls Church, Va., employs approximately 83,000 people worldwide and anticipates 2007 revenues of approximately $27 billion. The company has leading market positions in mission critical information systems and technologies, land and amphibious combat systems, shipbuilding and marine systems, and business aviation. More information about the company is available on the Internet at www.generaldynamics.com.

This press release contains forward-looking statements that involve risks and uncertainties. The Company generally uses words such as “believe,” “may,” “could,” “will,” “intend,” “expect,” “anticipate,” “plan,” and similar expressions to identify forward-looking statements. You should not place undue reliance on these forward-looking statements. Actual results could differ materially from those anticipated in the forward-looking statements for many reasons, including the risks described in the Company’s Form 10-K and other reports filed with the Securities and Exchange Commission. Although management believes the expectations reflected in the forward-looking statements are reasonable, they relate only to events as of the date on which the statements are made, and the Company’s future results, levels of activity, performance or achievements may not meet these expectations. The Company does not intend to update any of the forward-looking statements after the date of this document to conform these statements to actual results or to changes in expectations, except as required by law.


Contact:
Policy Impact Communications
Jeff Child, 202-737-5339

--------------------------------------------------------------------------------
Source: Force Protection, Inc.
 
Posted by bilgert on :
 
Holy crap, FRPT gapping down big, pre-market at $4.15 last I checked.
 
Posted by PCola77 on :
 
Jesus, I hope Jo isn't still holding.
 
Posted by PCola77 on :
 
Just got in for 500 shares at 4.03.

Either this is an overreaction, or this company is goign under and everyone knows but us [Razz]
 
Posted by Ace of Spades on :
 
quote:
Originally posted by PCola77:
Just got in for 500 shares at 4.03.

Either this is an overreaction, or this company is goign under and everyone knows but us [Razz]

Nice.....don't forget to take profit LoL
 
Posted by PCola77 on :
 
Already have my sell order in! (Actually, forgot to put it in right away, or I would have alreaedy been out, since it went above my sell point before I put my sell in.)
 
Posted by TimW on :
 
I say overreaction... They still have a global demand even if the US is not a customer.
 
Posted by Ace of Spades on :
 
FRPT geting ready for second big move IMO!
 
Posted by Ace of Spades on :
 
FRPT 4.50'S
 
Posted by PCola77 on :
 
Okay, out at $4.49. Only $216, but better than nothing.
 
Posted by Ace of Spades on :
 
quote:
Originally posted by PCola77:
Okay, out at $4.49. Only $216, but better than nothing.

LoL..that's basicaly what I got, but I bought more shares than you lol. I played all wrong! But at least I'm green!
 
Posted by cspaude on :
 
quote:
MARCORSYSCOM also advised Force Protection that its Cheetah vehicle proposal is in the competitive range for continued development and testing and will be further evaluated with modifications as part of the ongoing MRAP II competition
Now what exactly does that mean then? My lover Melissa says they're taking orders from Ceradyne/Oshkosh(whom the military REJECTED from other MRAP competitions) for MRAP II. Does this mean the Cheetah is barely hanging on in the competition and DoD hasn't ordered any test vehicles from FRPT yet?
 
Posted by Jo4321 on :
 
quote:
Where on this chart did you actually buy and sell...cause you could have almost doubled you money twice, and made like 2 50% shorts just playing FRPT off the chart! just using the basic, RSI, MACD, STOCKASTICS, and 50/200 moving averages!
I bought a lot of different places. Flipped it a lot. Was in the green until this month. When I stopped selling and decided to buy more it "hit bottom". I had terrible timing the whole way with thi stock. (went up when I'd sell, down when I'd hold)

quote:
I hope Jo isn't still holding.
Well, I couldn't get out after-hours last night or premarket this morning because Fidelity said that the order price was too far below the closing price. YEAH, TELL ME ABOUT IT.

In my trading account, I just sold off my the last of my earliest shares that I got for $2.19 at $4.55. YEEHAW, a double! LOL. I still hold shares that I purchased at $6.50 and $21.50 in that account. I will probably just hold on to them until next year so I can take the loss then.

I sold off 300 remaining shares in my dh's IRA for $4.63 and now I am eyeing my IRA where I still have about 1000 shares in there and am currently at a 50% loss.

Thing is this stock could have been one of the BEST decisions I made, had I only taken my profits in the summer and not gone back in. Now it is one of the worst. Along with a bunch of other bad picks and bad timing,it will take me quite a while to get back to square one where I was nearly a year and a half ago.

I think I need to pay a lot of attention to the $312 to 10,000 thread!

Jo
 
Posted by Jo4321 on :
 
quote:
--------------------------------------------------------------------------------
quote:
MARCORSYSCOM also advised Force Protection that its Cheetah vehicle proposal is in the competitive range for continued development and testing and will be further evaluated with modifications as part of the ongoing MRAP II competition
--------------------------------------------------------------------------------

Now what exactly does that mean then? My lover Melissa says they're taking orders from Ceradyne/Oshkosh(whom the military REJECTED from other MRAP competitions) for MRAP II. Does this mean the Cheetah is barely hanging on in the competition and DoD hasn't ordered any test vehicles from FRPT yet?

Well, I thought it meant that they didn't need to "order" a Cheetah for testing because they already have already tested it. And will continue to test it with modifications with the vehicles from the other vendors.

But if that is the case, they sure could have worded it more clearly.

Who knows anymore.

Jo
 
Posted by Jo4321 on :
 
UPDATE 1-Force Protection shares slump on weak MRAP order
Wed Dec 19, 2007 1:59pm EST
(Adds analyst comments, details, share movement)

BANGALORE, Dec 19 (Reuters) - Shares of Force Protection Inc (FRPT.O: Quote, Profile, Research) fell 22 percent after the maker of ballistic and mine-protected vehicles received only a small share of the $2.6 billion orders given by the U.S. Pentagon under the Mine Resistant Ambush Protected (MRAP) vehicle program.

The orders indicated that Force Protection's participation in further MRAP orders may be limited, Dougherty & Co analyst Joe Maxa wrote in a research note.

MRAPs are a family of trucks produced by domestic and overseas manufacturers that have a "V"-shaped hull and armor plating aimed at protecting troops in Iraq from mines and roadside bombs.

Maxa cut his rating to "neutral" and suspended the price target on the stock, saying there was uncertainty relating to orders for Force Protection's much-smaller Cheetah armored vehicle.

Cheetah is slated to compete with the High Mobility Multipurpose Wheeled Vehicle, popularly known as Humvee.

The brokerage expects the company to receive orders for 600 Cheetah vehicles in 2008, lower than Force Protection's estimate of 2,000 vehicles, it said.

On Tuesday, Force Protection received an order of about $379 million for 358 mine resistant vehicles, trailing significantly behind competitors BAE Systems Plc (BAES.L: Quote, Profile, Research) and Navistar International Corp (NAVZ.PK: Quote, Profile, Research).

Of the 3,126 vehicles ordered by the Marine Corps, Navistar's International Military and Government LLC unit received the biggest share, worth nearly $1.2 billion to supply 1,500 vehicles.

BAE Systems Land & Armaments unit won a $645 million contract to provide 600 MRAPs, while another BAE unit, Armor Holdings, won a $458 million contract to build 668 MRAPs.

On Wednesday, Force Protection said it also received approval to supply about 300 Cougar and Buffalo vehicles to the United Kingdom and Italy, valued at about $150 million.

Force Protection shares, which touched a year-low of $3.89 in intraday trading, were down $1.30 at $4.61 in afternoon trade on the Nasdaq.

They had fallen 66 percent so far this year after the U.S. government scaled back purchases of heavy mine-resistant trucks, citing improving security situation in Iraq. (Reporting by Anant Vijay Kala in Bangalore; Editing by Deepak Kannan)


© Reuters 2007. All rights reserved. Republication or redistribution of Reuters content, including by caching, framing or similar means, is expressly prohibited without the prior written consent of Reuters. Reuters and the Reuters sphere logo are registered trademarks and trademarks of the Reuters group of companies around the world.
 
Posted by cspaude on :
 
Post ripped from rebelgirl at ihub:

TheSteet.com Versus Force Protection Inc

One of the strangest match-ups in history has to be TheStreet.com versus Force Protection Incorporated. Force Protection is a military manufacturer that has grown very quickly from a 10.3 million a year stock on the OTC exchange in 2004 to a company that had revenue of over $200 million last quarter.

Force Protection manufactures military vehicles designed to protect the occupants from mine and IED explosions. These vehicles are typically called Mine Resistant Ambush Protected (MRAP) vehicles. Force Protection’s MRAP vehicles are the Gold Standard vehicle in Iraq and Afghanistan with a record of 3 deaths in 3000 mine and IED attacks. One of the soldiers killed was reportedly not wearing a seat belt and likely would have survived had the belt been worn. This is a very impressive record which no other manufacturer of MRAP vehicles can match.

Force Protection’s new MRAP vehicle is called the Cheetah. The Cheetah is a smaller and more maneuverable MRAP vehicle that is faster and has more range than does an up-armored Humvee. It is able to survive large IED and mine attacks that would destroy up-armored Humvees. Force Protection has been building a new factory for the Cheetah vehicles and expects to begin production of Cheetahs early in 2008. Currently, the military is testing the Cheetah which is the only small MRAP vehicle being tested.

Although Force Protection has not yet gotten an order for Cheetah vehicles, Force Protection believes that they will sell many of them. They expect to begin getting orders after the vehicle has undergone sufficient testing to prove its capability. The British military has also tested the Cheetah and is reported to be interested in the vehicle as are several other countries.

Force Protection currently has $72 million in cash as of the end of Q3 and has a $50 million line of credit that is currently unused. Force Protection’s market cap is $682 million and it has a PE of 16.6. The average analyst estimate is that Force Protection makes $1.45 in 2008 with revenue of $1.36 billion dollars. The forward PE is less than 7.

Although Force Protection provides a lifesaving vehicle to the military, it is still very small company. The small size, and fast growth have made it a favorite stock of both small retail investors and institutions who expect the fast growth to translate into fast growth of the stock but instead, Force Protection’s price is close to a 52 week low.

Even though Force Protection’s growth makes it seem an attractive buy to many, to those at TheStreet.com based on the coverage, it must be a “Most Hated” stock. The status of being a “Most Hated” Stock gives Force Protection exceptional coverage from TheStreet.com – unfortunately for Force Protection shareholders, the coverage is all bad! Looking at the headlines, at TheStreet.com, Force Protection gets more coverage than many large companies like Microsoft, Exxon, Intel, Cisco, Google, and just about any other large company that can be named.

So what is it about Force Protection that makes it a “Most Hated” stock at TheStreet.com? One might wonder whether they get exceptionally bad coverage anywhere else? The only other mainstream news organization that regularly covers Force Protection is Bloomberg. In the occasional mention on Bloomberg, it is clear that the view from Bloomberg is much different than it is from TheStreet.com.

The titles of Force Protection articles for the six weeks from TheStreet.com are illustrative:

Battle Wounds Worsen for Force Protection
Force Protection steps on a land mine
Cutback Report Shells Force Protection
Force Protection Fan Leaves Bull Herd
CEO's Outside Ties Choke Force Protection
Force Protection Hits More Bumps
Force Protection in Reverse
Navistar Shines in Mine-Resistant Vehicle Contracts
Downgrade Dents Force Protection
Force Protection's Wild Ride
Force Protection's New Battle

The coverage from TheStreet.com is not only negative but typically inaccurate and tends to use sources such as unknown web ****gers, analysts that don’t cover the stock, unnamed employees from competitors and etc. It is not necessary to read very far in any of the articles from TheStreet.com to find a mistake. In the latest article, the first paragraph has a factual error. The article indicates that Force Protection announced plans to secure financing for its brand new Cheetah vehicle. But this never occurred and is the latest example of major errors in the coverage by TheStreet.com.

One question that might be asked is how does TheStreet.com cover competitors of Force Protection? This question is interesting because the coverage of competitors and potential competitors of Force Protection get very favorable mention. The large competitors of Force Protection such as BAE and Navistar get very positive coverage with respect to MRAP and so has the smallest competitor, a company called, “Protected Vehicles Inc”. Despite the positive coverage from TheStreet.com, Protected Vehicles is going out of business.

Any balanced coverage of Force Protection will find that the company does have issues. Force Protection does not communicate very well with analysts and shareholders and needs to communicate better. Force Protection is a small manufacturer of MRAP vehicles with large competitors. They are dependant to a large extent on additional government contracts. The military is rapidly purchasing thousands of MRAP vehicles and will have completed the major part of the purchases probably in 2008. Force Protection’s future is largely dependant on contracts for its new vehicle the Cheetah. The Cheetah is a potential replacement for the up-armored Humvee.

Without Cheetah contracts, and if the military completes most purchases of MRAP vehicles, then Force Protection’s revenue would be mainly dependant on service revenue which might be $200 to $400 million a year with new manufacturing revenue perhaps on the order of $200 to $300 million a year. The military will likely continue to purchasing Cougars and Buffalos from Force Protection for many years but probably in much smaller numbers after 2008. But the service revenue is high margin revenue and therefore, Force Protection could end up with profits in 2009 only slightly less than in 2008.

Force Protection uses subcontractors to help them manufacture their vehicles. Perhaps as much as 50% of the labor for manufacturing Cougars is done by other companies in other locations. If the MRAP program were drastically ramped down, then Force Protection will not need other contractors and can build the entire vehicle in-house increasing their margins. Without a Cheetah contract, Force Protection is a much different company but still profitable with more revenue than they had in 2006. If Force Protection does get large Cheetah orders, then that would potentially add $400 million in 2008, and in 2009, the revenue would largely make up for the decline in Cougar orders.

One of the hallmarks of Force Protection is that they take few chances. Force Protection has ramped up production of vehicles in the past only when they know that they have sufficient contracts or will get sufficient contracts to use the new production equipment. Therefore, it was a surprise that Force Protection began building a new factory for the Cheetah even before they had orders.

But perhaps Force Protection is not taking much of a chance. Members of the military have indicated several times that current MRAP vehicles are too large for many of the operations that the military must undertake. Both the Marines and Army have indicated that they would like a smaller MRAP vehicle for some operations and a vehicle like Force Protection’s Cheetah is what many have said that they need. Which makes one wonder whether or not Force Protection has not already been told that they will get orders for the Cheetah after it finishes military testing? Otherwise, Force Protection is taking a huge risk that is uncharacteristic of them.

In the “war” between TheStreet.com and Force Protection, the war is fought on two different battlefields. TheStreet.com publishes their anti-Force Protection articles for their own reasons – which might have something to do with the large short interest in Force Protection stock. Force Protection is on the SHO list indicating that is has been illegally shorted or more shares were shorted than there were shares available to be borrowed. Many believe that TheStreet.com publishes articles with a “slant” that is designed to help hedge funds friendly to TheStreet.com or to Mr. Cramer. The inaccurate and extreme negative nature of the coverage reinforces this belief. Force Protection fights their battle on the factory floor where they are manufacturing as many vehicles as they can and are ramping up quickly. They wage it by designing a vehicle that can survive explosions from IED and mines that weighed hundreds of pounds.

It is without doubt that all the negative coverage by TheStreet.com of Force Protection has contributed to pushing down the price of Force Protection stock. The question is whether the positive news from the factory floor (Force Protection is producing MRAP vehicles ahead of schedule and they are expecting large new orders for more vehicles in the next few days) will reverse the trend and once more make Force Protection shares a favorite of shareholders.
 
Posted by Jo4321 on :
 
quote:
I just sold off my the last of my earliest shares that I got for $2.19 at $4.55. YEEHAW, a double!

I sold off 300 remaining shares in my dh's IRA for $4.63

There goes my impeccable bad timing again. FRPT now over $5.00.
Pentagon sees rising mine-resistant truck needs
Wed Dec 19, 2007 3:05pm EST
By Kristin Roberts

WASHINGTON, Dec 19 (Reuters) - U.S. commanders in Afghanistan have asked for more mine-resistant trucks, which could boost the number of vehicles the Pentagon will purchase above 15,374, the Defense Department said on Wednesday.

The Pentagon has about 12,000 so-called Mine-Resistant Ambush-Protected (MRAP) vehicles under contract, including Tuesday's $2.6 billion order.

The department's total requirement remains 15,374 despite a Marine Corps decision to reduce the number it purchases, said Pentagon press secretary Geoff Morrell.

The Army is reevaluating its need for MRAPs too, given both the improved security situation in Iraq and the planned growth in the size of that branch of the U.S. military.

Even if the Army decides to trim its purchases, Morrell said the total Defense Department requirement for MRAPs could still climb.

"We do not believe that the joint requirement, even if those (Army) needs are adjusted, would have to be adjusted downward. If anything, at this point, the thinking is the joint requirement may increase."

"I can tell you, just this week, for example, that commanders in Afghanistan are of the mind that perhaps they would like more in Afghanistan than they originally requested," he said.

Commanders in that war zone originally asked for about 500 MRAPs and now want about 600, Morrell said. The request is being evaluated by the Pentagon and U.S. Central Command, which is responsible for U.S. military operations in Afghanistan.

MRAPs are designed to protect U.S. soldiers from roadside bombs, small arms fire and other explosive threats. U.S. Defense Secretary Robert Gates made the vehicles the top acquisition priority of the Pentagon earlier this year in a bid to reduce U.S. military casualties in Iraq.

The vehicles, however, are not as easily maneuvered as other armored trucks, making them less useful in rough and hilly terrain, such as that found in Afghanistan.

"Despite whatever limitations there might be on these vehicles, they are proving to be extraordinarily valuable, life saving and the commanders in Afghanistan seem to want more of them," Morrell said.

The Pentagon also said on Wednesday it would meet its goal of having 1,500 MRAPs in Central Command's area of operations, which covers Iraq and Afghanistan, by the end-2007.

Morrell said about 1,525 would be in that area by Thursday.

MRAP contractors include:

-- Navistar International Corp's (NAVZ.PK: Quote, Profile, Research) International Military and Government LLC;

-- Force Protection Inc (FRPT.O: Quote, Profile, Research), which is partnered with General Dynamics Corp.'s (GD.N: Quote, Profile, Research) Land Systems business arm;

-- a General Dynamics Canadian unit;

-- BAE Systems Plc (BAES.L: Quote, Profile, Research);

-- Oshkosh Truck Corp (OSK.N: Quote, Profile, Research);

-- closely held Protected Vehicles Inc of North Charleston, South Carolina. (Editing by Richard Chang)


© Reuters 2007. All rights reserved. Republication or redistribution of Reuters content, including by caching, framing or similar means, is expressly prohibited without the prior written consent of Reuters. Reuters and the Reuters sphere logo are registered trademarks and trademarks of the Reuters group of companies around the world.
 
Posted by cspaude on :
 
This article from defenseindustrydaily, with journalistic integrity unlike thestreet.com, clarifies some of the MRAP-II questions:
quote:
Dec 18/07: A $377.8 million firm fixed priced delivery order (M67854-07-D-5031, #007) for 178 Cougar 4×4 MRAP CAT-I vehicles and 180 Cougar 6×6 MRAP CAT-II vehicles, which include engineer change proposals to improve the vehicles and Integrated Logistic Support. The sustainment ILS will consist of Authorized Stockage List CAT-I and CAT-II, Prescribed Load Listing CAT-I and CAT-II, Deprocessing, and Basic Issue Items. Work will be performed in Ladson, SC, and is expected to be complete by July 2008. This contract was competitively procured.

The net result of this contract, however, is further competitive slippage, as Force Protection drops to 3rd place in total MRAP orders behind Navistar (37.6%) and BAE Systems (30.1%). To date, the USA has ordered a total of 3,053 Force Protection MRAP CAT-I/II vehicles (1,506 Cougar 4×4s, and 1,547 Cougar 6×6s), or 25.7% of total orders. That probably isn't what investors wanted to hear, so Force Protection's release added a pair of interesting tidbits:

"MARCORSYSCOM also advised Force Protection that its Cheetah vehicle proposal is in the competitive range for continued development and testing and will be further evaluated with modifications as part of the ongoing MRAP II competition…. We are in the process of finalizing a contract for the Buffalo route clearance vehicles to be part of the Ground Standoff Mine Detection System (GSTAMIDS) program of record."

That first item might be important, as Force Protection submitted a modified Cougar but did not receive a contract for additional vehicles under the MRAP-II competition, which aims to field vehicles that can survive the more advanced EFP land mines in theater. Rivals BAE Systems, and the i3/Ceradyne/Oshkosh team's Bull vehicle, did. The follow-on question is whether a deployable vehicle like the Cheetah, with an empty weight of only 14,000 pounds vs. the Cougar 4×4s 31,000 pounds, can be fitted to resist the 30 and 50 pound land mines being detonated at Aberdeen – in addition to EFPs, which are more akin to cannon shells being fired into a vehicle.

I pray that the Cheetah impresses.
 
Posted by cspaude on :
 
Rising from the ashes........

McGilton stepping down as CEO. This just may be posturing for a buyout.
 
Posted by Jo4321 on :
 
I just want it to be over!

[Roll Eyes]
 
Posted by Jo4321 on :
 
When will it end?

quote:
Force Protection Inc sets a new 52-week low
12:57 p.m. 01/09/2008 Provided By Wall Street

Force Protection Inc crossed below its 52-week low of $3.89 on 12:57 PM ET on January 09, 2008.


 
Posted by Jo4321 on :
 
Three Canadian soldiers survive IED blast
Brian Hutchinson, National Post Published: Tuesday, February 05, 2008

http://www.nationalpost.com/news/canada/story.html?id=287462


PANJWAII DISTRICT, Afghanistan -- There was no mistaking the loud blast Tuesday afternoon just outside Zangabad village, a known Taliban haunt in Kandahar. It was another improvised explosive device.

No one was killed this time, but it was the worst way possible for three Canadians soldiers from an explosives ordnance unit to find the IED. They hit the device while moving towards Zangabad in their Cougar, a large armoured bomb-hunting vehicle.

The explosives were apparently tucked underneath a culvert, just 400 metres or so from an Afghan National Police substation.

The Cougar was tossed sideways and the culvert partially destroyed. No one was seriously hurt. Two of the soldiers received minor injuries but all three were able to walk away from the incident. They were quickly taken by Canadian medics to a forward operating base in Panjwaii district.

"The vehicle did its job," said spokeswoman Capt. Josee Bilodeau.

The trio was leading an advance team into Zangabad. Behind it, forming a line almost four kilometres long was a large convoy nearing the end of a two-day re-supply operation here. Comprising dozens of armoured vehicles and transport trucks, the convoy was slowly moving from one police substation to another, dropping off equipment and food and picking up Canadian soldiers.

Despite taking precautions -- and having the benefit of aerial cover, sophisticated mine-detection paraphernalia, and Leopard II tanks -- those in front of the operation failed to notice the hidden IED. The explosion occurred at 1242 local time.

Soldiers waiting further down the line recognized the sound immediately.

"I thought we'd cleared that road," said one, from inside his light-armoured vehicle.

"I guess not," replied his crew mate.

The IED strike wasn't the only incident during their operation. On Monday afternoon, the same re-supply convoy wheeled into Mushan, another Taliban stronghold just a few kilometres west of Zangabad. Troops had been warned that insurgents are active there.

Maj. Trevor Gosselin, the tank officer commanding C-Squadron, Lord Strathcona's Horse (Royal Canadians), told soldiers prior to departure Monday that "a lot is going to happen in the next 48 hours."

"Nobody will [mess] with this much armoured firepower and get away with it," he added.

After nightfall, with most of the Canadians already in their sleeping bags, word came that insurgents had been spotted nearby, digging on a local road. A key travel route, the road connects Mushan to Zangabad and other villages along the south bank of the Arghandab River. It has frequently been used by Canadian military convoys but is now considered very dangerous.

An airplane was soon heard overhead. Then came a flash and two loud explosions. This was not the result of another IED blast: rather, a pair of bombs had smashed onto the road. They were dropped by an American jet fighter. Two more bombs hit within the next 10 minutes.

No confirmed reports of insurgent casualties were available.

Despite everything, the re-supply effort concluded Tuesday afternoon, on schedule and without further trouble
 
Posted by Stefan on :
 
$123 in new MRAP contracts to the UK and Italy.

Force Protection Industries, Inc., Ladson, S.C., is being awarded a not to exceed $115,167,467 contract modification under previously awarded firm-fixed-price contract (M67854-06-C-5162) to acquire 174 Mine Resistant Ambush Protected (MRAP) vehicles and associated test sets, spares and support services. This action consummates a requirement under a Foreign Military Sales order with the United Kingdom, Ministry of Defense. Work will be performed in Ladson, S.C., and work is expected to be completed Jul. 2009. Funds for this action are provided by the United Kingdom Ministry of Defense and do not expire. The Marine Corps Systems Command, Quantico, Va., is the contracting activity.

Force Protection Industries, Inc., Ladson, S.C., is being awarded a not to exceed $8,353,715 modification under previously awarded contract (M67854-07-C-5039) to acquire 10 Mine Resistant Ambush Protected (MRAP) vehicles and associated support services and parts for the Italian Ministry of Defense under the Foreign Military Sales Program. Work will be performed in Ladson, S.C., and work is expected to be completed Jun. 2009. Funds for this action are provided by the Italian Ministry of Defense and do not expire. The Marine Corps Systems Command, Quantico, Va., is the contracting activity.
 
Posted by minkybodl on :
 
http://www.nytimes.com/2008/02/24/automobiles/24MRAP.html?_r=2&oref=slogin&oref= slogin

2 page article on MRAP's, talks about Force Protection and Navistar.
 
Posted by Jo4321 on :
 
UPGRADE to BUY from Columbine Capital.

https://research2.fidelity.com/fidelity/research/reports/pdf/getReport.asp?docke y=127-FRPT&user_sessionid=B50889CC08DA9B66

You'll have to have a Fidelity Account to access the link, but here's an excerpt:

Force Protection Inc BUY
NASDAQ: FRPT, $4.70 Upgraded 2/23/08
United States
Columbine Capital’s Investment Conclusion
The Columbine research team projects that Force will outperform the market over the next 6 to 12 months. The team has ranked it Favorable and recommends that investors buy it and hold until we recommend a sell.

Future Strong Performance
Columbine evaluated Force by comparing the company to its peers on a series of individual analytical tools that represent proven measures of a firm’s business value, its long-term growth characteristics, and the behavior of
its investors. These criteria are the building blocks we use to construct our decisions. The particular measures reported below are some of those that Columbine’s historical studies show to have the greatest impact on this company’s future market performance. We present
the individual measures in order of their significance to our recommendation. The conclusions from each of the criteria are synthesized into an overall ranking of
Force’s return potential relative to the rest of the market according to an analytic framework that is specific to this economic sector. This disciplined, consistent evaluation process has a proven track record of investment success.

Book Value is Very Attractive
Companies with high book values and low stock prices can be considered as cushioned against severe declines by their intrinsic liquidation value, and are favored in this sector. We compare the accounting value of a company to its current stock price in the form of a ratio.
Force’s ratio of price to book value is 1.31, much better than the median company.

Estimate Revisions are Attractive
In this sector companies that are the subject of
increasingly improving earnings forecasts tend to find favor with investors. We evaluate recent changes in Wall Street analysts’ estimates of a company’s future earnings on three different metrics. Over the past sixty
days the changes in the estimates of Force’s future EPS have been slightly better than the median company.

Cash Flow is Very Attractive
Positive cash flow gives a company funds for internal expansion, acquisitions, dividend payments, etc. Our evaluation looks at a company’s cash flow over the past
four quarters. Stocks favored by this measure have the highest cash flow available for their price. Force, with a price-to-cash flow ratio of 6.7 is much better than the median company.

Recent Earnings were Neutral
Exceeding Wall Street’s earnings expectations (a
positive “surprise”) suggests that prospects for the company may be even better than expected. Falling short of the expectation (a negative “disappointment”) is often punished by investors. Force’s EPS announcement for the latest quarter is too old to be
meaningfully compared with the consensus expectation.

Forecast Earnings Yield is Very Attractive
The expected return (in earnings per share) for the purchase price of a company’s stock is one of the most basic measures of a firm’s intrinsic value. By comparing the consensus earnings estimates from Wall Street’s
analysts with the current stock price we can focus our evaluation on the firm’s potential earning power. This is the most important valuation measure in this sector. At
its current price of $4.70, we consider Force greatlyunder-valued.
 
Posted by Jo4321 on :
 
DRS Technologies and Force Protection Team to Compete for Joint Light Tactical Vehicle Program

PARSIPPANY, N.J. & LADSON, S.C., Feb 25, 2008 (BUSINESS WIRE) -- DRS Sustainment Systems Inc., a business unit of DRS Technologies, Inc. (NYSE: DRS), and Force Protection, Inc. (NASDAQ: FRPT) announced today they will team to compete for the U.S. Department of Defense's Joint Light Tactical Vehicle (JLTV) Program.

JLTV is the U.S. military's next-generation family of tactical wheeled vehicles and trailers, designed to be lightweight and highly-survivable with increased mobility and payload, using technology that is both innovative and practical.

DRS Sustainment Systems will serve as prime contractor for the team, providing overall program management and system integration, drawing upon decades of experience in developing and producing subsystems and integrated solutions in ground mobility for the U.S. military. Force Protection will design and produce the JLTV base vehicle, including the supplemental armor package, leveraging the proven designs of its Cougar, Buffalo and Cheetah vehicles
 
Posted by Happy Valley on :
 
Force Protection Announces Delay in 2007 Form 10-K and Required Restatement of Form 10-Q for the Period Ended September 30, 2007
Friday February 29, 4:05 pm ET


LADSON, S.C.--(BUSINESS WIRE)--Force Protection, Inc. (NASDAQ:FRPT - News) today announced that it will delay the filing of its Annual Report on Form 10-K for the year ended December 31, 2007. The Company intends to file its Annual Report on Form 10-K for the year ended December 31, 2007 with the SEC promptly upon the completion of the audit of the consolidated financial statements for the year ended 2007.
ADVERTISEMENT


Force Protection today also announced that the Company’s Audit Committee concluded that the Company will restate its previously reported interim financial statements for the three and nine month periods ended September 30, 2007. The Company will file a Form 8-K with the Securities and Exchange Commission with regard to this restatement decision.

The Company reached the conclusion to restate based upon the recommendation of management and the concurrence of the Audit Committee of the Company’s Board of Directors. The Company also discussed the matters related to the restatement with Elliott Davis, LLC, the Company’s current independent registered public accounting firm. Therefore, the previously issued financial statements of the Company for the third quarter of 2007 filed on a Form 10-Q on November 13, 2007 should no longer be relied upon. Management discovered significant accounting errors during its year end review, including errors specifically related to the recording of accounts payable related to inventory purchased from a sub-contractor as a result of a contract termination.

The Company continues to evaluate the impact of the matters described above on its internal control over financial reporting and the Company’s disclosure controls and procedures. Management noted it had previously identified and described material weaknesses in its internal control over financial reporting in its Quarterly Report on Form 10-Q filing dated November 13, 2007. As a result of these previously identified material weaknesses and other deficiencies identified during the review of financial statements for the year ended December 31, 2007, management has concluded internal controls over financial report were not effective as of December 31, 2007. Additionally, management does not believe that the material weaknesses identified as of December 31, 2007 will be remediated by March 31, 2008 and anticipates that material weaknesses will be identified in its Quarterly Report on Form 10-Q for the first quarter of 2008. Therefore, management expects that internal control over financial reporting is likely to be ineffective as of March 31, 2008.

About Force Protection, Inc.

Force Protection, Inc. is a leading American designer, developer and manufacturer of life saving survivability equipment, predominantly ballistic- and blast-protected wheeled vehicles currently deployed by the U.S. military and its allies to support armed forces and security personnel in conflict zones. The Company’s specialty vehicles, the Cougar and the Buffalo, and the Cheetah, are designed specifically for reconnaissance, forward command and control, and urban operations and to protect their occupants from landmines, hostile fire, and improvised explosive devices (IEDs, commonly referred to as roadside bombs). The Company is one of the original developers and primary providers of vehicles for the U.S. military’s Mine Resistant Ambush Protected, or MRAP, vehicle program.

For more information on Force Protection and its vehicles, visit www.forceprotection.net.

Safe Harbor Language

This press release contains forward-looking statements, including statements regarding the estimated timing for the filing of our Annual Report on Form 10-K for the period ended December 31, 2007 and the restatement of our financial statements set forth in the Quarterly Report on Form 10-Q for the period ended September 30, 2007; our expectation with regard to management’s evaluation of internal control over financial reporting, including management’s inability to remediate weaknesses identified in this notice; the anticipated impact of certain accounting errors and related matters on our results of operations; the scope and number of material weaknesses in internal control over financial reporting and their potential impact on the restatement process and estimated 2007 reviews.

Statements that are not historical facts, including statements about our beliefs and expectations, are forward-looking statements. These statements are based on beliefs and assumptions by Force Protection’s management, and on information currently available to management. Forward-looking statements speak only as of the date they are made, and we undertake no obligation to update any of them publicly in light of new information or future events. A number of important factors could cause actual result to differ materially from those contained in any forward-looking statements. Examples of these factors include, but are not limited to, the timing and nature of the final resolution of the accounting issues discussed in this notice and the attached explanation; our ability to identify and remedy internal control weaknesses and deficiencies; our ability to effectively manage the risks in our business; the other factors discussed in this notice and the attached explanation; the reaction of the marketplace to the foregoing; and any further errors in our accounting that we may find which could cause us to restate our financial statements for additional periods.


Contact:
Force Protection, Inc.
Company Contact:
Tommy Pruitt
Government Communications & Public Relations Director
843-574-3866
or
Investor Relations Contact:
ICR, Inc.
James Palczynski
Principal and Director
203-682-8229

--------------------------------------------------------------------------------
Source: Force Protection, Inc.
 
Posted by cspaude on :
 
Somebody wake me up in a few years when it's all over.
 
Posted by Jo4321 on :
 
quote:
Somebody wake me up in a few years when it's all over.
Ditto.

There's no use in worrying about this one anymore. I've lost so much in it, I guess may as well just wait for however it ends: Either a buy-out at some ridiculously low price or bankruptcy.

How could something so right be so wrong?
 
Posted by TimW on :
 
Anti-war idiots.

Waaaaa gas is $3 a barrel.

Waaaaa we dont want a war to secure oil.

Idiots.
 
Posted by Bottomfeeder on :
 
$3 a barrel is cheap.It is $3.39/gal here in Florida,lower than other higher taxed states like Illinois.
 
Posted by $tock Weazel on :
 
http://www.pr-usa.net/index.php?option=com_content&task=view&id=77505&Itemid=9

STERLING HEIGHTS, Mich.- Land Systems, a business unit of General Dynamics (NYSE: GD), has received $44 million in two work orders from Force Protection Inc. for contractor logistics and spare parts for the Mine Resistant Ambush Protected (MRAP) vehicle program.


Force Protection (Nasdaq: FRPT) and General Dynamics have a partnership to share in the production and program management of the MRAP contract.


The contractor logistics support and spare parts are for maintaining the operational readiness rates of MRAP vehicles deployed with the U.S. armed forces overseas. MRAP spare parts will be ordered by field service technicians employed by General Dynamics Customer Service and Support Company operating from Shelby Township, Mich.


About Force Protection

Force Protection Inc. is a leading American designer, developer and manufacturer of life saving survivability equipment, predominantly ballistic-and blast-protected wheeled vehicles currently deployed by the U.S. military and its allies to support armed forces and security personnel in conflict zones. The Company’s specialty vehicles, the Cougar and the Buffalo, and the Cheetah, are designed specifically for reconnaissance, forward command and control, and urban operations and to protect their occupants from landmines, hostile fire, and improvised explosive devices (IEDs, commonly referred to as roadside bombs). The Company is one of the original developers and primary providers of vehicles for the U.S. military’s Mine Resistant Ambush Protected, or MRAP, vehicle program.


Not sure if this is good or bad...
 
Posted by BooDog on :
 
http://www.thestreet.com/_yahoo/newsanalysis/aerospace-defense/10405955.html?cm_ ven=YAHOO&cm_cat=FREE&cm_ite=NA

Force Protection Shakes Up Top Ranks03/03/08 - 06:12 PM EST
FRPT
Melissa Davis


OKLAHOMA CITY -- Now, Force Protection (FRPT - Cramer's Take - Stockpickr) has taken aim at its own leaders.

The company said Monday that it has installed a permanent CEO, while announcing the departure of both its finance and operating chiefs. The shakeup came just hours after the company revealed that its reported profit growth for 2007 had been an illusion.

Force Protection has officially chosen Michael Moody as its turnaround CEO. Moody has been serving as CEO on an interim basis since early this year, when the company ousted Gordon McGilton following a string of disappointments.

CFO Michael Durski followed McGilton out the door on Friday, when the company announced a looming restatement of its 2007 financial reports. COO Raymond Pollard departed Monday, Force Protection said.

Frank Scheuerell, an accountant who specializes in restatements, will serve as interim CFO until Force Protection can hire a permanent replacement. The company has no plans to hire another operating chief.

"The changes we are announcing today are intended to mark the beginning of a new chapter in the history of this company," Moody said in a statement. "We demand excellence of every facet of this organization as we go forward, and we will continue to evolve our organization and management to meet business requirements and opportunities.

"There is no area of our business that will go untouched by the mandate we have to improve our company's performance."

Force Protection's stock continues to suffer in the meantime. Once a $30 highflier, the stock has lost almost 90% of its value in less than a year. On Monday, shares tumbled nearly 13% to $3.58.

--------------

Crazy. This goes along with my SCA also - my kind of plays. Just make sure you get out of the way cuz when the boulder tumbles down this hill who knows where it will end up. Class action law suits possible?? Good luck to those still in this.
 
Posted by Jo4321 on :
 
I sold most of mine today at $3.55. All I have left are 700 shares in my trading account that are down %70.39% Sad day.
 
Posted by $tock Weazel on :
 
CRAP! Jo why didn't you tell me you sold? Now they're probably gonna have news of a buyout or a billion dollar contract... [BadOne]
 
Posted by Jo4321 on :
 
Yeah, you are probably right about that. [Big Grin]

I did notice that they put news out about shaking-up management. I wonder if that will be good for a pop.

This stock makes me weary.

Jo
 
Posted by $tock Weazel on :
 
I sold out at $3.45...I like to sleep at night [Razz]
 
Posted by lostone on :
 
grabbed a few at this level.. at 2.60's, could be a bounce
 
Posted by $tock Weazel on :
 
quote:
Originally posted by $tock Weazel:
I sold out at $3.45...I like to sleep at night [Razz]

WOW. This imploded. Trading at 2.47 AH!

I am soooooo thankful I sold...eeeeekkkkkk!!! [Eek!] [Eek!] [Eek!] [Eek!] [Eek!] [Eek!] [Eek!]

http://www.businesswire.com/portal/site/google/?ndmViewId=news_view&newsId=20080 310006374&newsLang=en


Coughlin Stoia Geller Rudman & Robbins LLP Files Class Action Suit Against Force Protection, Inc.
SAN DIEGO--(BUSINESS WIRE)--Coughlin Stoia Geller Rudman & Robbins LLP (“Coughlin Stoia”) (http://www.csgrr.com/cases/forceprotection/) today announced that a class action has been commenced in the United States District Court for the District of South Carolina on behalf of purchasers of Force Protection, Inc. (“Force Protection”) (NASDAQ:FRPT) common stock during the period between August 14, 2006 and February 29, 2008 (the “Class Period”).

If you wish to serve as lead plaintiff, you must move the Court no later than 60 days from today. If you wish to discuss this action or have any questions concerning this notice or your rights or interests, please contact plaintiff’s counsel, Darren Robbins of Coughlin Stoia at 800/449-4900 or 619/231-1058, or via e-mail at djr*csgrr.com. If you are a member of this class, you can view a copy of the complaint as filed or join this class action online at http://www.csgrr.com/cases/forceprotection/. Any member of the purported class may move the Court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member.

The complaint charges Force Protection and certain of its officers and directors with violations of the Securities Exchange Act of 1934. Force Protection and its subsidiaries engage in the manufacture of ballistic and blast protected vehicles.

The complaint alleges that during the Class Period, defendants issued materially false and misleading statements regarding the Company’s business, financial results and prospects. Specifically, defendants continually boasted Force Protection’s dominance in the Mine Resistant Ambush Protected (“MRAP”) market was due to its superior product design and rapid delivery rates. However, in a report dated June 27, 2007, the Inspector General of the Department of Defense questioned both of these claims and criticized the awarding of contracts to Force Protection on a sole source basis and without competitive bidding. Then, on February 29, 2008, after the market closed, Force Protection announced it would have to delay the release of its 2007 Form 10-K and restate its Form 10-Q for the period ended September 30, 2007. On this news, Force Protection’s stock collapsed to close at $3.58 per share on March 3, 2008, a one-day decline of 13% and an 88% decline from the Class Period high of $30.27 per share, prior to when Force Protection’s problems began to be revealed.

According to the complaint, the true facts, which were known by the defendants but concealed from the investing public during the Class Period, were as follows: (a) as a result of the Company’s ongoing problems in meeting contractual delivery deadlines, the Company would have trouble competing in the MRAP market; (b) in audit reports, the Defense Contract Audit Agency had been critical of the Company’s finances and financial accounting system, which threatened the Company’s eligibility to compete for government contracts; (c) the Company’s accounting department suffered from material weaknesses and deficiencies and lacked the necessary staff and resources to perform its required functions; (d) contrary to the representations contained in the Company’s SEC filings, the Company’s internal controls were inadequate and easily manipulated; (e) the Company lacked effective internal controls in its financial reporting process, required to enable it to properly analyze and/or estimate Force Protection’s future financial and operational performance; and (f) defendants had caused the Company to falsely report at least its third quarter 2007 financial results.

Plaintiff seeks to recover damages on behalf of all purchasers of Force Protection common stock during the Class Period (the “Class”). The plaintiff is represented by Coughlin Stoia, which has expertise in prosecuting investor class actions and extensive experience in actions involving financial fraud.

Coughlin Stoia, a 190-lawyer firm with offices in San Diego, San Francisco, Los Angeles, New York, Boca Raton, Washington, D.C., Philadelphia and Atlanta, is active in major litigations pending in federal and state courts throughout the United States and has taken a leading role in many important actions on behalf of defrauded investors, consumers, and companies, as well as victims of human rights violations. The Coughlin Stoia Web site (http://www.csgrr.com) has more information about the firm.
 
Posted by lostone on :
 
ouch, lawsuit came out after hours.. lol, just my luck, good think only put in coupla hundreds.. should be bottom now?
 
Posted by a surfer on :
 
$2.40

a buy yet??

It is worth something right???
 
Posted by IMAKEMONEY on :
 
NO!!! LOL
 
Posted by cspaude on :
 
Yeah, even as a shareholder of FRPT, I say stay away. What seems right is wrong. Multiple lawsuits flying and the company stays silent? But, I read an article that says Friday or Monday for announcement of contracts. If FRPT doesn't walk away big, they're done. I have little faith in the Cheetah. This company is a train wreck.
 
Posted by Jo4321 on :
 
[Frown]

From page one of this thread:
quote:
Jo4321
Member
posted May 03, 2006 11:02
----------------------------------------
....I got in at $2.17.

Jo

Wow, that's just sad. Two years and thousands lost later..... [Mad]

Too bad I didn't just keep those original shares and NEVER bought more. I wouldn't have made any money, but would've been better than losing.

Jo
 
Posted by PCola77 on :
 
I think you should have sold at $30.
 
Posted by Jo4321 on :
 
I DID sell at $30.00 LOL....

.....But then I bought back many times. That is where I went wrong.

Jo

Wow! Never thought I'd see it under $2.00 again.
 
Posted by PCola77 on :
 
Oh yeah. I forgot about that [Smile]

But it's only money. Think of the stories you'll have to tell you grandkids [Big Grin]
 
Posted by cspaude on :
 
I'm guessing some folks know about contracts coming after hours and, judging by our wonderful share price, it's bad news. The hits just keep coming.
 
Posted by Ace of Spades on :
 
http://thelion.com/bin/forum.cgi?tf=wall_street_pit&msg=1286205&cmd=read

http://thelion.com/bin/forum.cgi?tf=wall_street_pit&msg=1286215&cmd=read
 
Posted by a surfer on :
 
Strong buy.... lionmaster says. LOL

hmmm..
 
Posted by Bottomfeeder on :
 
I am looking for the bottom to be around $1.10- $1.25..JMO
 
Posted by cspaude on :
 
Look lower for a bottom. Put a fvckin fork in em, they're DONE!! Of the over 2000 vehicles contracted today, FRPT got about 20. DONE. Can't believe I pissed away so much money in the sh!t company!!!
 
Posted by PCola77 on :
 
$1.09?!?!?!?!?!?!?!?!?
 
Posted by PCola77 on :
 
Wonder if the "Lionmaster" will mark this 50% loss against his record, or if it will mysteriously disappear...
 
Posted by PCola77 on :
 
Hey st22, you don't really doubt that the dude on Lionmasters site got 70,000 shares at the low of the day do you? [Big Grin]
 
Posted by bilgert on :
 
Who's your lionmaster?

Meow *****cat meow.
 
Posted by PCola77 on :
 
Nice call. A $1.10 entry would have pocketed you over 20% already.

quote:
Originally posted by Bottomfeeder:
I am looking for the bottom to be around $1.10- $1.25..JMO


 
Posted by PCola77 on :
 
Now at $1.80, almost 70%...
 
Posted by Happy Valley on :
 
Anybody holding through the CC???

http://biz.yahoo.com/bw/080319/20080319005895.html?.v=1
 
Posted by Jo4321 on :
 
yeah, why not? LOL. Held from the high 20's.

[Wall Bang]
 
Posted by Happy Valley on :
 
Press Release Source: Force Protection, Inc.


Force Protection Receives Delisting Notice Due to Delay in Filing Form 10-K and Announces Resignation of Auditor
Monday March 24, 4:05 pm ET


LADSON, S.C.--(BUSINESS WIRE)--Force Protection, Inc. (NASDAQ:FRPT - News) today announced that on March 19, 2008 it received a notice from the staff of The Nasdaq Stock Market stating that Force Protection is not in compliance with Marketplace Rule 4310(c)(14) as a result of not filing with the SEC its Annual Report on Form 10-K for the fiscal year ended December 31, 2007 and that Force Protection is subject to having its stock delisted from the Nasdaq Capital Market. Force Protection has requested and been granted an oral hearing before the Nasdaq Listing Qualifications Panel to review the Nasdaq Staff determination on its continued listing, which will result in Nasdaq providing Force Protection with notice of a hearing at which the Panel will consider whether such delisting is appropriate. The hearing request will automatically stay the delisting of Force Protection’s common stock pending the Panel’s decision. There can be no assurance, however, that Force Protection’s stock will not be delisted.
ADVERTISEMENT


Separately, on March 18, 2008, Force Protection was informed by Elliott Davis, LLC, the Company’s independent registered public accounting firm, that it was resigning as the Company’s independent registered public accounting firm for the fiscal year ended December 31, 2007 effective immediately. The Company’s Audit Committee has accepted this resignation. Although the Company is in the process to engage a new independent registered public accounting firm, one has not yet been appointed.

Elliott Davis, LLC was appointed by the Company’s Audit Committee on November 10, 2006 to serve as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2007. Elliott Davis, LLC has not completed an audit or issued a report on the Company’s consolidated financial statements or internal control over financial reporting for the year ended December 31, 2007.

Elliott Davis, LLC stated that the material weaknesses reported by the Company in Form 12b-25 on March 3, 2008 and, in its professional judgment, the Company’s lack of internal controls necessary to be able to develop reliable financial statements at this time, prevents Elliott Davis, LLC from completing its audit and forming an opinion. There have been no disagreements with Elliott Davis, LLC regarding any matters with respect to accounting principles or practices, financial statement disclosure or audit scope or procedure, which disagreements if not resolved to the satisfaction of Elliott Davis, LLC, would have caused them to make reference hereto in their report on the consolidated financial statements for 2007.

The Company’s Form 12b-25 filed on March 3, 2008, explains certain material weaknesses in internal control over financial reporting identified by the Company for the year ended December 31, 2007. The Company’s Form 8-K filed on March 3, 2008, stated that it expects to restate its previously reported interim consolidated financial statements for the three and nine month periods ended September 30, 2007, as a result of errors discovered by management during its year end review of the accounting for accounts payable errors associated with inventory purchased from a sub-contractor as a result of a contract termination. Management presented its findings to the Company’s Audit Committee and is continuing to examine the Company’s accounting for such transactions and to determine if these errors create additional control deficiencies that could impact our assessment of the effectiveness of internal controls over financial reporting.

For further discussion of previously identified material weaknesses refer to Item 9A of the Company’s Form 10-K/A for the year ended December 31, 2006 as filed with the SEC on October 15, 2007.

About Force Protection, Inc.

Force Protection, Inc. is a leading American designer, developer and manufacturer of life saving survivability equipment, predominantly ballistic- and blast-protected wheeled vehicles currently deployed by the U.S. military and its allies to support armed forces and security personnel in conflict zones. The Company’s specialty vehicles, the Cougar and the Buffalo, and the Cheetah, are designed specifically for reconnaissance, forward command and control, and urban operations and to protect their occupants from landmines, hostile fire, and improvised explosive devices (IEDs, commonly referred to as roadside bombs). The Company is one of the original developers and primary providers of vehicles for the U.S. military’s Mine Resistant Ambush Protected, or MRAP, vehicle program.

For more information on Force Protection and its vehicles, visit www.forceprotection.net.

Safe Harbor Language

This press release contains forward-looking statements, including statements regarding our continued listing on The Nasdaq Capital Market, the estimated timing for the filing of restatement of our financial statements set forth in the Quarterly Report on Form 10-Q for the period ended September 30, 2007; our expectation with regard to management’s evaluation of internal control over financial reporting, including management’s inability to remediate weaknesses identified in this notice; the scope and number of material weaknesses in internal control over financial reporting and their potential impact on the restatement process and estimated 2007 reviews. Statements that are not historical facts, including statements about our beliefs and expectations, are forward-looking statements. These statements are based on beliefs and assumptions by Force Protection’s management, and on information currently available to management. Forward-looking statements speak only as of the date they are made, and we undertake no obligation to update any of them publicly in light of new information or future events. A number of important factors could cause actual result to differ materially from those contained in any forward-looking statements. These statements involve a number of risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements. These risks and uncertainties include, but are not limited to, potential claims or liability that could arise as a result of the Company’s restatement of its financial statements; our ability to identify and remedy internal control weaknesses and deficiencies; our ability to effectively manage the risks in our business; the reaction of the marketplace to the foregoing; and any further errors in our accounting that we may find which could cause us to restate our financial statements for additional periods; and other risk factors and cautionary statements listed in the Company’s periodic reports filed with the Securities and Exchange Commission, including the risks set forth in the Company’s Form 10-Q for the quarter ended September 30, 2007.


Contact:
Force Protection, Inc.
Tommy Pruitt
Senior Communications Director
843-574-3866
or
Investor Relations:
ICR, Inc.
James Palczynski
Principal and Director
203-682-8229

--------------------------------------------------------------------------------
Source: Force Protection, Inc.
 
Posted by Jo4321 on :
 
Well, that sucks.

Did you all make sure you sold when I mentioned that I was holding?

[Smile]
 
Posted by Happy Valley on :
 
Bailed on half this afternoon... Holding the rest through CC...
 
Posted by Jo4321 on :
 
CC sounds good so far.

"adjusting our culture and our management to be much more appropriate...."
 
Posted by a surfer on :
 
I Received a letter from Schiffron Barroway today.

It asks for your Buy date, shares and PPS. And then your sell dates as well.

The notice to purchasers is from the dates Aug. 14th. 2006 to Feb. 29th. 2008.

I sold all of my shares back in 2006.....don't really have much of a case for me.

Wish old Rufus would send out a complaint sheet.
 
Posted by a surfer on :
 
In case anyone is interested the # is 1-888-299-7706 or1-610-667-7706


Contact:

Richard A. Maniskas, Esq.
 
Posted by PCola77 on :
 
I got it too. But I think it's just an initial mailing if you want to be a lead plaintiff. I wouldn't recommend calling.
 
Posted by Happy Valley on :
 
On a rip today...2.60 HOD
 
Posted by PCola77 on :
 
Nice. Shoulda listened to bottomfeeder, I guess [Smile]
 
Posted by Lockman on :
 
http://stockcharts.com/h-sc/ui?s=FRPT&p=D&b=5&g=0&id=p99171342053

Kind of sideways move.
 
Posted by searlest on :
 
DOW JONES NEWSWIRES
Force Protection Inc. (FRPT) said Congress was notified by the Pentagon's Defense Security Cooperation Agency of the company's pending contract with the U.K. for 157 Cougar MRAP vehicles. The Ladson, S.C., manufacturer of armored vehicles said the contract is valued around $125 million if all options are exercised. Force Protection shares were trading Thursday up 32 cents, or 12.6%, at $2.85. -Nicholas Hatcher; Dow Jones Newswires; 201-938-5400 (END) Dow Jones NewswiresApril 10, 2008 11:07 ET (15:07 GMT)
 
Posted by cspaude on :
 
Yeah, looks like bottomfeeder really nailed it. I'm still concerned long term about FRPT. The Cheetah or a buyout is key. I'll just hang out until then.
 
Posted by Jo4321 on :
 
April 14, 2008 04:32 PM Eastern Daylight Time

http://www.forceprotectioninc.com/news/news_article.html?id=236

Force Protection Announces Engagement of Grant Thornton LLP as Its Independent Registered Public Accounting Firm

LADSON, S.C.--(BUSINESS WIRE)--Force Protection, Inc. (NASDAQ:FRPT) today announced that on April 10, 2008, the Company’s Audit Committee engaged Grant Thornton LLP as the Company’s new independent registered public accounting firm for the fiscal year ended December 31, 2007 and the fiscal year ending December 31, 2008 effective immediately. During the Company’s two most recent fiscal years and the period through April 10, 2008, the Company did not consult Grant Thornton LLP regarding any matters as described in Item 304(a)(2) of Regulation S-K.

Michael Moody, Chairman and Chief Executive Officer of Force Protection, commented, “We are very pleased to have retained a nationally recognized and highly capable auditor. As the Company takes steps to improve our financial reporting and controls, we look forward to developing a solid working relationship with Grant Thornton.”
 
Posted by Mr. CATIAEngineer on :
 
Yikes......im sure several of you here fit the requirements of this Class Action Lawsuit.

http://biz.yahoo.com/iw/080417/0388036.html

Berman DeValerio (www.bermanesq.com) filed the class action complaint on April 14, 2008 in the U.S. District of South Carolina. The complaint, filed as 08-cv-01586-CWH, seeks damages for violations of federal securities laws and remedies under the Securities Exchange Act of 1934 (the "Exchange Act").

The class action was filed on behalf of all investors who acquired Force Protection securities from August 14, 2006, through and including February 29, 2008 (the "Class Period"). Based in Ladson, South Carolina, Force Protection designs and manufactures ballistic- and blast-protected specialty vehicles.

To receive a copy of the complaint, you may contact the court, call Berman DeValerio's Boston office at (800) 516-9926, or click here to download a copy.
 
Posted by cspaude on :
 
That's like the 13th class action suit so far saying the same thing. I doubt any of them will win.
 
Posted by Mr. CATIAEngineer on :
 
quote:
Originally posted by cspaude:
That's like the 13th class action suit so far saying the same thing. I doubt any of them will win.

Seriously?! I havent followed this in over a year...didnt know it was in such turmoil.
 
Posted by cspaude on :
 
yeah it's pretty sad lately. Although if you would have bought when it was around $1 you would have tripled your money already. Coulda, woulda, shoulda.
 
Posted by Free Muney on :
 
some quiet accum. going on here. defense stocks are good picks in these markets.

Keep on the radar.
 
Posted by invester on :
 
quote:
Originally posted by Free Muney:
some quiet accum. going on here. defense stocks are good picks in these markets.

Keep on the radar.

Defense stocks are good picks in these markets? With an Obama administration? Not the case at all. Infrastructure is the sector.
 
Posted by invester on :
 
I like the company, but the "sector" will suffer.
 
Posted by Free Muney on :
 
invester, i was referring to the recession where defense spending is not currently falling. Unlike consumer spending.

Under obama, i agree completely that military spending will be cut. Frpt has been posting contracts from euro companies as well though.

imo. chart looks really good too if your into that... up 5 % on a red day today... been trucking up through all resistance even on big down days... now at a price with out major positive resistance.
 
Posted by Lockman on :
 
http://stockcharts.com/h-sc/ui?s=FRPT&p=D&yr=1&mn=0&dy=0&id=p49492095670

Nice run from $2.00
 


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