quote:Originally posted by juice: i have a friend of mine showing me the options ropes soon. can't wait to get into it. i have a full time job so for me that would be a great way to trade...
You really should talk to him. Watch the June $60 Calls on SINA. Bought them at $1.55, sold them at $2.05, and then re-bought at $1.40. Earnings come in tomorrow. If they are anything like SOHU, Options are the definition of fast money.
Posts: 2739 | From: houston | Registered: Mar 2006
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"...Likely two or three companies will split the $190 million, since the military wants more than a one-model fleet."
FPI may have a great shot here...according to the DOD, the new model selected will be to replace about 200,000 humvees, thats serious $$$, est over 100BILLION. BUT they most likely will not chose only one model, so that means at least 2 contendors to win the bid. I think FPI and our Cheetah has a great shot!
Posts: 2769 | From: nyc | Registered: Aug 2005
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LOL First of all JUST 3 shareholders!!!! Second, and by far the best part-> "The shareholders filed the lawsuits on behalf of Force Protection, which means any monetary award would be paid to Force Protection,not the three stockholders."
Posts: 2769 | From: nyc | Registered: Aug 2005
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quote:Originally posted by juice: i have a friend of mine showing me the options ropes soon. can't wait to get into it. i have a full time job so for me that would be a great way to trade...
Juice once your up and going I'd love to follow some of your option picks. If you have the time. thanks
-------------------- Let's Go METS!!! Posts: 1512 | From: CT | Registered: Dec 2006
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posted
Will the Army Buy a $70 Billion Ferrari? By Rich Smith May 14, 2008 2 Recommendations
The $70 billion contest to replace our Humvees just got a whole lot more interesting.
In past columns, I've outlined the major players bidding on the military's "JLTV" contract, and to be honest, it reads like a who's-who list of the nation's best and brightest defense contractors:
Lockheed Martin (NYSE: LMT) partnered with Armor Holdings BAE with Navistar Boeing (NYSE: BA) with Textron (NYSE: TXT) General Dynamics (NYSE: GD) with AM General Northrop Grumman (NYSE: NOC) and Oshkosh But as of this week, we can add a "who's that" player to the list of who's-whos: Finmeccanica. On Tuesday, the Italian defense and aerospace giant announced it will bid $5.2 billion to acquire U.S. military electronics specialist DRS Technologies (NYSE: DRS). As you've probably heard by now, DRS has partnered with Force Protection (Nasdaq: FRPT) to form the sixth big-name bidder on JLTV. Meaning that, by extension, Finmeccanica is now in the race as well.
Buy the numbers The details go as follows: Finmeccanica has signed a definitive merger agreement to pay $81 per DRS stub. While that sounds final, DRS shareholders still have to approve the offer of a 32% premium to their pre-merger average 30-day share price. (Quoth the shareholder: "Ooh. Twist my arm.") Plus, as DRS is a sensitive defense sector firm, U.S. regulators will take a close look at the merger (before saying "yeah, sure," as they have in similar past acquisitions, such as BAE's purchase of Armor Holdings).
Finmeccanica will ante up $4 billion cash and also assume $1.2 billion in DRS debt. Backing out the debt portion of the offer and focusing on the price-to-sales ratio for the stock, the Italians' offers suggests a price-to-sales ratio of 1.3 for DRS. That's a bit of a premium to the usual defense contractor valuation of about 1-times sales, but perhaps justified. Analysts expect DRS to grow at nearly 13% per year over the next half decade, or about one point ahead of Lockheed, and three points faster than General Dynamics. Incidentally, General D also sells for 1.3 times sales, so you could argue that Finmeccanica is getting a good deal here.
With one caveat: Fair prices tend to attract bidding wars, and this one may be no exception. In recent comments, Euro-defense rival EADS confirmed that DRS was "on our target list, we are monitoring the situation, no decision has been taken." EADS downplayed the likelihood that it will make a counteroffer, however, calling DRS "not today a priority." Stay tuned, and we'll let you know if that changes.
Do you like to invest, but love to invest in stuff that makes other stuff go "boom?" Then you'll enjoy reading:
Who Wants to Be a 70-Billionaire? This Ain't Your Mama's Humvee General Dynamics Outflanked?
Posts: 2739 | From: houston | Registered: Mar 2006
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Force Protection to Host Investor Conference Call
Last update: 4:15 p.m. EDT May 22, 2008Print E-mail RSS Disable Live Quotes
LADSON, S.C., May 22, 2008 (BUSINESS WIRE) -- Force Protection, Inc. (FRPT:force protection inc com new News, chart, profile, more Last: 3.93-0.07-1.75%
4:00pm 05/22/2008
Delayed quote dataAdd to portfolio Analyst Create alertInsider Discuss Financials Sponsored by: FRPT 3.93, -0.07, -1.7%) today announced that it will host a conference call and webcast at 4:30 p.m. Eastern Time on Thursday, May 29, 2008 to provide a business update from its CEO, President and Chairman Michael Moody. While the question-and-answer session of the call will be limited to institutional analysts and investors, retail brokers and individual investors are invited to listen to a live webcast. The webcast can be accessed via the home page of the Company's website at www.forceprotection.net. Please visit the website at least 15 minutes prior to the call to register for the webcast and download any necessary software. 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. SOURCE: Force Protection, Inc. Force Protection, Inc. Tommy Pruitt Senior Communications Director 843-574-3866 or Investor Relations Contact: ICR Inc. James Palczynski Principal and Director 203-682-8229
Posts: 2769 | From: nyc | Registered: Aug 2005
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quote:Originally posted by juice: i have a friend of mine showing me the options ropes soon. can't wait to get into it. i have a full time job so for me that would be a great way to trade...
Juice once your up and going I'd love to follow some of your option picks. If you have the time. thanks
no prob man! been saying this for months but this summer I should finally get around to it and set up! ill keep ya posted lockman!
Posts: 2769 | From: nyc | Registered: Aug 2005
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posted
well im not sure what to make of the conference call next week. I think its positive move by management communicating with the big boys... especially with all scandel surrounding the MRAP with BAE, and FPI having no 10k yet. Who knows we may hear something great or even see financials! Fingers crossed;)
Posts: 2769 | From: nyc | Registered: Aug 2005
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what do you guys think, this is from moody last time---> "We are very aware that there’s a demand for the company to address some of the announced recent events and its strategic direction. We’re going to do our best to address that need in these remarks today and then to answer your questions. It had been our plan to hold this call following the filing of our 2007 Form 10K so that we could speak both to the numbers as well as to our strategic and competitive direction. As you may have seen we continue to be faced with a delay in the completion of our 2007 Form 10K. As a result of that, as I am sure you can appreciate our ability to speak to the numbers is somewhat limited. We will give you what information we can but we’re not in a position to give any additional detail. We will hold another conference call to discuss the financials as soon as we file our 2007 Form 10K."
COULD IT BE the ONE?
Posts: 2769 | From: nyc | Registered: Aug 2005
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posted
in case you guys missed it, another contract AH--> Force Protection Industries, Inc., Ladson, S.C., is being awarded a $6,397,494 firm-fixed-priced modification under delivery order #0001 to contract (M67854-07-D-5031) for the purchase of Mine Resistant Ambush Protected (MRAP) Vehicle Outside the Continental United States (OCONUS) Instructors. Work will be performed in the combat area of operations, and work is expected to be completed August 2008. Contract funds will not expire at the end of the current fiscal year. The Marine Corps Systems Command, Quantico, Va., is the contracting activity.
Posts: 2769 | From: nyc | Registered: Aug 2005
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posted
Nice news piece. The way it is presented, it sure makes it sound like they already have contracts with the military, though, which they don't....yet.
Jo
-------------------- "Great Day for Up!"....Dr. Seuss Posts: 3380 | Registered: Mar 2006
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check this out-- FRPT is the 12th stock listed as top short percentage decrease in stock stocks as of May 15th! you know what that means-the market knows where FRPT is headed
posted
george, no effect whatsoever, did you read my post on one of the lawsuits earlier?? my biggest concern is financials
Posts: 2769 | From: nyc | Registered: Aug 2005
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LOL First of all JUST 3 shareholders!!!! Second, and by far the best part-> "The shareholders filed the lawsuits on behalf of Force Protection, which means any monetary award would be paid to Force Protection,not the three stockholders."
Force Protection Industries, Inc., Ladson, S.C., is being awarded a $28,456,471 modification to previously awarded contract (M67854-07-D-5031) Delivery Order #0003 to purchase Mine Resistant Ambush Protected (MRAP) Vehicle Integrated Logistic Support (ILS) Sustainment Parts and Outside the Continental United States (OCONUS) Welders. Work will be performed in Ladson, S.C., and in Operation Iraqi Freedom/Operation Enduring Freedom area’s of responsibilities, and work is expected to be completed October 2009. Contract funds will not expire at the end of the current fiscal year. The Marine Corps Systems Command, Quantico, Va., is the contracting activity.
Force Protection Industries, Inc., Ladson, S.C., is being awarded a $15,220,882 modification to contract (M67854-07-D-5031) Delivery Order #0006 to purchase Mine Resistant Ambush Protected (MRAP) Vehicle Integrated Logistic Support Sustainment Parts and Outside the Continental United States (OCONUS) Field Service Representatives. Work will be performed in Ladson, S.C., and in Operation Iraqi Freedom/Operation Enduring Freedom area’s of responsibilities, and work is expected to be completed October 2009. Contract funds will not expire at the end of the current fiscal year. The Marine Corps Systems Command, Quantico, Va., is the contracting activity.
Posts: 3380 | Registered: Mar 2006
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posted
for those of you that missed the CC. Heres a quick summary off the top of my head
Moody mentioned long term service and rebuild revenue and capacity for at least 25 Buffalos and least 80 Cougars a month long term.
In regards to cougar servicing, they said is a 2Million dollar serviced vehicle over its lifetime approx 15-20 yrs.
Expressed extreme interest from "uk customer" and negotiating with other countries for vehicles.
JLTV is still 3-4 yrs away, but cheetah "just waiting...."
Cut workforce by 25%.
Shuffling processes in different locations, roxboro, summerville buildings.. sounded like they're all very active.
10Q not ready just yet, but it will be filed.
There was no mention of lawsuits. Not even a question about it!
Anyway, imo it was a solid CC. I think we are not too far off from a cheetah order, and it will come first from an intl customer if i had to guess. This has still yet too blow imo. I feel lucky to have gotten a bunch near 1.00 but even at 4 I feel its a bargain. Too much in the works, FPI is here to stay. We have 10Q coming, more contracts, and when we get a cheetah order SEE YA! this has no where to go but up! GL!!
Posts: 2769 | From: nyc | Registered: <
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