posted
They fired and hired and auditor. That will obviously delay anything. They may have to restate a few items. That doesn't change the contracts. There making a ton of money, and the stock price does not reflect it. To sell in the $3 range is complete nonsense. Do the numbers on the stock. It’s trading at 1/10th the earnings. I see a 1000% run in this at least over the next 3-6 months.
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posted
INVESTER-way to go selling out of the position today over 4 before that hit haha! and those DEC calls are looking SWEET btw.
anyway, not worried one bit, invester is right, doesn't change the story, this was generally already known and priced in imo. mm's brought it down on weak ass volume AH, nothing to worry about. We will be right back over 4 soon again. I've watched this stock for 4 months now, its all about manipulating the share price to short (like all day today) and cover (tomorrow).
don't fall for it! imagine all those people who sold for a loss under 2! yuck! well GL everyone!!!
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quote:Originally posted by Free Muney: why are they delaying? this is going to kill this rally... are they fudging numbers or something?
nope, take a breath, frpt has been coming back strong. they are restating all 2007 and 2008 1st qtr. company and revenue grew out of control in 2007 and since frpt was poorly managed they screwed it all up and got out of the picture. today was nothing but a reiteration of the delay.
I look at it like we're starting all over. except we now have a billion in trailing rev for 2008 plus over 300M in new contracts rewarded to FRPT so far this year, and some contract work expired eoy 2009. this company is so not dead!
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quote:Originally posted by Jo4321: Sadly, the rally's done been killed.... after hours already down to $3.60 (down .43 from close/ .75 off the high)
thats what people said at 2.00, 3.00, and now ya done said it at 4.00! lol
also remember BAESY.PK and NAVZ.PK were delisted for similar reasons, check out their share price! so even if thats the case, expect another drop but still don't turn your back on FRPT, pinks seem to help these companies lol. it will come back with full force!
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posted
So the announcement for JLTV finalists is in June. Anybody find a specific date? How do some of you plan on playing FRPT leading up to/after the announcement?
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JUICE, PAL is putting out earnings after the bell. Are you still in? Considering the run in Platinum, and palladium, they should be good.
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posted
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...
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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...
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.
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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!
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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."
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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!!!
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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?
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posted
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
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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!
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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;)
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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."
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.
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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
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Options are the definition of fast money.
