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Author Topic: FRPT- FORCE PROTECTION --> 1.92
juice
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Anyone like this here?
I have 4k from 1.18... I think this will eventually turn and run big again..

Everything I look at with them is great except they screwed up the books and messed up earnings etc, so they will restate financials and get back on their feet. There are outstanding orders totaling over 1Billion for vehicles not to mention service from this company.

P/E is around 3
Market cap about 130 Mill here.

Conference call indicated at least 500 mill in revenue for 2008 alone. Undervalued?

Also participating in bid for their CHEETAH vehicle to replace all humvees as new JLTV!

Recently they received delisting notice, but so did NAVZ.pk and look at their share price (they do basically the same thing).

Just trying to think out loud and see what you guys think. Thanks. [BadOne]

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juice
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closed 2.01 today, not bad push into close.
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juice
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http://www.cnbc.com/id/15837275?q=frpt
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joeyisthebest
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They have some lawsuits from shareholders who lost money from $33 or $44 a share I think if you check the news you should see it I was about to buy some at $2.44 then the news of the lawsuit hit right before I hit the place order button on etrade luckily I noticed [Smile]
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juice
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Filing a shareholder class action lawsuit is routine. Winning a shareholder lawsuit is almost impossible. SEC and courts will not permit a shareholder lawsuit to proceed if the security in question (FRPT)is on the NASDAQ SHO list for the second time in less then 6 month and over 160 days in the last year! A company has no control if their securities are being used in a unintended manner. Naked shorts are not all illegal. But their effect on a security is a defense for lost shareholder value.

In addition, FRPT and their products may have been adversely affected by unlawful procurement practices. That is easy to document with a Senate investigation underway by Joe Biden and Ted Keneddy. People are under witness protection and a key figure in the events was recently removed from their position.

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juice
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OUTSTANDING ORDERS yet to be paid to FRPT--->
WOW!

3/14/2008 - Force Protection Industries, Incorporated
$9,849,420 US NAVY

3/14/2008 - Force Protection Industries, Buffalo
$7,690,529

02/20/08
Force Protection Announces New Foreign Orders for Cougar Mastiff
Receives $115 million order for UK Ministry of Defense.

02/20/08
Force Protection Announces Order for Italian Ministry of Defense
Manufacturer receives $8 million order for Cougar and Buffalo vehicles.

01/17/2008
Force Protection, Inc. (NASDAQ:FRPT) today announced that it has received through its wholly owned subsidiary, Force Protection Industries, Inc., a $74,130,482 million contract for integrated logistics support (ILS).

Force Dynamics, LLC Breaks Production Records in December
01/02/2008
Force Protection, Inc. (NASDAQ: FRPT) and General Dynamics Land Systems (NYSE: GD) � through their joint venture Force Dynamics, LLC � today announced that they continued to break monthly vehicle production records in December.

Force Protection Awarded $379 Million MRAP Contract, Additional Sales Orders to Follow
12/19/2007
Force Protection, Inc. (NASDAQ:FRPT) today announced it has received a delivery order for an additional 358 Mine Resistant Ambush Protected (MRAP) Category I and Category II vehicles. The total approximate value of the order is $379 million.

Force Dynamics, LLC Breaks Production Records in November
12/03/2007
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.

Force Protection Opens New Facility in North Carolina
11/30/2007
Force Protection, Inc. (NASDAQ:FRPT) today celebrated the dedication of its new manufacturing facility in Roxboro, North Carolina for production of the Company�s Cheetah vehicle.

Force Protection Reports Record Third Quarter and Nine Month 2007 Financial Results
11/14/2007
Force Protection, Inc. (NASDAQ: FRPT) today announced results for its third quarter and nine months ended September 30, 2007.

Force Protection Reports To Congress On Vehicle Performance, MRAP Production Ramp Up
11/09/2007
Force Protection CEO testifies before Congress on the performance and production of the company's Cougar and Buffalo vehicles.

U.S. Army Awards Force Protection $22 Million Contract For Additional Buffalo Vehicles
11/08/2007
Force Protection, Inc. today announced a contract from the U.S. Army�s Tank Automotive and Armaments Command (TACOM) for an additional 29 Buffalo mine-protected vehicles.

U.S. Marine Corps Awards Force Protection $91 Million for Field Service and Training Support
11/05/2007
Force Protection Inc. today announced a contract from the U.S. Marine Corps for support of the Mine Resistant Ambush Protected (MRAP) Vehicles University, integrated logistics support, and field service representative support.

Force Dynamics, LLC Breaks Production Records in October
11/02/2007
Force Protection, Inc. and General Dynamics Lands Systems � through their joint venture Force Dynamics, LLC � today announced they broke vehicle production records in October.

Force Protection, Inc. Awarded Additional ILAV Vehicle Contract
10/08/2007
Leading armored vehicle manufacturer Force Protection, Inc. (NASDAQ:FRPT) today announced that it has received a purchase order from BAE Systems for an additional 45 Iraq Light Armored Vehicles (ILAV).

U.S. Marine Corps Awards Force Protection $376 Million MRAP Contract
10/22/2007
Force Protection receives $376 million dollar contract for 800 MRAP vehicles.

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lostone
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i would love to get in if this thing gets close to 1 again..

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lostone

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juice
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2.07 now...goodluck lostone, this is so undervalued here at 2. I think it should at least get to 3-4 bucks soon imo
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juice
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HOD 2.19 [Wink] WEEEEEEEEEE
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juice
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http://new.quote.com/news/story.action?id=RTT803251230001614

(RTTNews) - Collins Stewart Is Raising Force Protection (FRPT) 2008 Rev. Estimate To $1,081.9 million From $561.0 million

ummm yeah people are going to wish they bought this down here with me LOL

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juice
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2.24!
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juice
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2.35!!!
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juice
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2.53!!
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juice
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2.60 HOD now this is nuts. squeeze action it looks like to me, lots of covering. not bad from my call at 1.92 [Smile]
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juice
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new HOD just broke out again. MONSTER volume!!
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BooDog
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wtg juice

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All post are my opinion. Do your own DD. Who's clicking your buy/sell button!?

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Jo4321
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What the heck turned this one around? You'd think I sold or something!

(but, oh no, I didn't)

Now it just needs to gain another $20.00 and I'm golden!

Jo

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"Great Day for Up!"....Dr. Seuss

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juice
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check out info above i've found on these guys. this thing is SO undervalued its disgusting. especially when it was under 2, but it still is though and people are realizing. naturally the shorts realize they must cover at some point and are choosing too now---I hope its in anticipation of higher pps coming soon, aka good news.
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juice
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2.97 HOD!!!
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juice
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3.04~! $$$$$$$$$$$$$
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juice
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10:54AM Force Protection confirms Congress receives notification of pending UK contract for Force Protection's Cougar Vehicles (FRPT) 2.84 +0.31 : Co confirms that the Defense Security Cooperation Agency has notified Congress of a pending Foreign Military Sale to the United Kingdom for 157 of the company's Cougar Category I Mine Resistant Ambush Protected vehicles and associated equipment and services. The total value of the contract, if all options are exercised, will be approximately $125 mln. This pending sale is not subject to the terms of Force Protection's joint venture.
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juice
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Undervalued still?
using 1x sales->
580 sales on books
100 reman
125 ridgeback
= 805m?

805m/63m = $12.77 pps

I'd say * $3 it is still a bit undervalued

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juice
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3.18 HOD
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juice
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3.33 aint no stoping us now!
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joeyisthebest
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Guess the lawsuits don't mean anything [Smile] nice play
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juice
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3.62 HOD
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juice
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quote:
Originally posted by joeyisthebest:
Guess the lawsuits don't mean anything [Smile] nice play

totally, zilch.
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juice
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back to 3.04
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Jo4321
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sheesh, back to $2.95.

We'll that was fun while it lasted.

Jo

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juice
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funs not over! check out DD, this stock is worth way more then current PPS!! still outstanding naked short positions on top of all this!
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juice
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3.21 out the gate:)
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juice
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And what is this investor looking at these days? Here are a few of his most recent calls on CAPS:

Company
Date Picked
Call
CAPS Rating

Applied Materials (Nasdaq: AMAT)
4/11/08
Outperform
****

Force Protection (Nasdaq: FRPT)
4/10/08
Outperform
***

Pride International
4/10/08
Outperform
*****

Data from CAPS.
Maybe not all of these picks will pan out, but each one is a good place to start further research. I decided to take a look at Force Protection.

From rags to riches and back
The story of Force Protection is tabloid material if I've ever seen it. Just back in January of 2007, the stock rose from the obscurity of the pink sheets to the far more prestigious Nasdaq. At the time, the company was leading the charge in outfitting vehicles for the military that could withstand the roadside explosives that have been so devastating in the Iraq war.

With its business success and shiny new Nasdaq listing came a tremendous run for the stock. Between early 2006 and mid-2007, the stock rose a jaw-dropping 3,000% as orders for vehicles rolled in and the company started turning a profit.

Alas, it wasn't to last. Competitors like Ceradyne and General Dynamics (NYSE: GD), with their eyes on fat defense contracts, soon began to give Force Protection a run for its money with competing products. And as if that weren't enough, the company stacked accounting problems and a fleeing management team on top of that.

Today, Force Protection is a shadow of what it was at its peak. It's behind on its financial reporting and receiving delisting notices. It's a pincushion for shareholder lawsuits. And it's trading at a mere $3 per share. Sure, its forward P/E multiple may be listed at under five, but it's clear that most investors are highly doubtful that it will be able to post the $0.72 that analysts expect in 2008.

But many investors on CAPS are looking past all of this. One such investor is costanostra, who gave Force Protection's stock the nod last week. He thinks the market has overblown the situation with management:

Force Protection has come under flack recently (no pun intended) due to some issues with management and various class action lawsuits. They've been criticized in the U.S. but it seems that overseas they are doing well. I would like to see some more contracts from this joint venture in the United Kingdom and possibly in China as they increase military spending. There will be strong demand for armored combat vehicles for years to come. I think management has an opportunity to turn this stock around.

So, what's your take on Force Protection? Get in the action by clicking over to CAPS. CAPS is absolutely free and already has over 96,000 stock pickers chipping in to find the best stocks out there.

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juice
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close 3.14 nice day today! pressure building holding steady.... man what a reversal on the chart from the 1.03 low, wow.
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juice
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down day... but FRPT is HIRING!
27 NEW jobs in the past days:

Engineering - Product
Engineering Section Manager - Electrical
Posted 04/17/2008 - Pay: $108,000.00/yr - Req# FP03-ENG-08


Technical Expert - Electrical
Posted 04/17/2008 - Pay: $108,000.00/yr - Req# FP06-ENG-08


Technical Expert - Interior/Exterior Components
Posted 04/17/2008 - Pay: $108,000.00/yr - Req# FP04-ENG-08


Technical Expert - Powertrain/Driveline
Posted 04/17/2008 - Pay: $108,000.00/yr - Req# FP05-ENG-08


Finance
Accounts Payable Clerk (multiple positions)
Posted 04/15/2008 - Pay: $16.20/hr - Req# FP08-FIN-08

ILS
Director, Field Support Services
Posted 04/09/2008 - Pay: $108,000.00/yr - Req# FP10-ILS-08

Logistics Engineering Specialist III (2 positions)
Posted 04/17/2008 - Pay: $64,800.00/yr - Req# FP21-ILS-08

Provisioner III (3 positions)
Posted 04/17/2008 - Pay: $64,800.00/yr - Req# FP28-ILS-08

Senior Logistics Engineering Specialist (2 positions)
Posted 04/17/2008 - Pay: $86,400.00/yr - Req# FP22-ILS-08

Technical Illustrator III (3 positions)
Posted 04/17/2008 - Pay: $64,800.00/yr - Req# FP32-ILS-08

Technical Writer III (2 positions)
Posted 04/15/2008 - Pay: $64,800.00/yr - Req# FP34-ILS-08

Senior Business Systems Analyst (2 Positions)
Posted 04/16/2008 - Pay: $86,400/yr - Req# FP12-IT- 08

Senior System Technician
Posted 04/16/2008 - Pay: $54,000/yr - Req# FP13- IT-0
-08

Materials - Purchasing
Department Administrative Clerk
Posted 04/17/2008 - Pay: $15.12/hr - Req# FP10-MAT-08

R&D
Researcher (3 positions)
Posted 04/09/2008 - Pay: $129,600.00/yr - Req# FP03-R&D-08

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juice
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good summary of what to expect in near future with restatement etc... (stole this from yahoo board)

Force Protection 45 days .. unreported

$9 and 7M Marine order
$115 Million dollar sales to England and Italy
$74 Million dollar sale to Marines
New Chairman - CEO- CFO and COO
Remains a prime takeover target.
Restatement to report Q123 - 2007
Delays Q4 07 - this is where the money is
Over $1 billion in trailing revenue
Featured MRAP in NY Times article
Featured twice in USA Today
Gets the US Sentate and Marines to investigate manipulation of MRAP sales.
Gets official notice from the DOD that there will be no cuts in future orders.
Delivers over 400 units from prior orders
Fidelity ups stake to 17%

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