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Author Topic: FRPT 50M$ contract with US Army
Jo4321
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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.

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

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Repoman75
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What does that have to do with FPRT?
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Jo4321
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Sorry, I put that in the wrong thread!

Jo

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

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Repoman75
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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.

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Stick with Repo's plan in '07 - FRPT/DKAM!

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Repoman75
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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!

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Stick with Repo's plan in '07 - FRPT/DKAM!

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Jo4321
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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.



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daytrader1
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3.75 and accumulation should provide a good base!
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Repoman75
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3.81

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Stick with Repo's plan in '07 - FRPT/DKAM!

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Repoman75
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$4 coming... news must have leaked about the Iraqi contracts. $10 by EOM.

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Stick with Repo's plan in '07 - FRPT/DKAM!

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daytrader1
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REPO..4 ticked MANNN.. didnt I tell ya? $4 by end of week [Big Grin] [Big Grin] [Big Grin]
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Repoman75
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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.

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Stick with Repo's plan in '07 - FRPT/DKAM!

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daytrader1
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I put all my NDOL and PGPM profits into this and this delivered [Smile] ..
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Malloy
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Another great day :-)

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Malloy
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Repoman75
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158,000 shares BOUGHT ($600K) in the AH at a negotiated price of 3.832 .... institutution, politician, insider??????????

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Stick with Repo's plan in '07 - FRPT/DKAM!

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Repoman75
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Malloy!! you da man!

I thought you sold though?

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Stick with Repo's plan in '07 - FRPT/DKAM!

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Jo4321
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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

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

great call, thanks!

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Repoman75
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We're going to $10 in 1 week if we get those Iraqi contracts.

Bidding at $4.05 now. Gapper!

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Stick with Repo's plan in '07 - FRPT/DKAM!

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Repoman75
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$4.20

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Stick with Repo's plan in '07 - FRPT/DKAM!

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Malloy
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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?



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Malloy
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Malloy
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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

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Malloy
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daytrader1
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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?
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Jo4321
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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

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Repoman75
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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.

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Stick with Repo's plan in '07 - FRPT/DKAM!

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daytrader1
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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.

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Malloy
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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...

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Malloy
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Repoman75
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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

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Stick with Repo's plan in '07 - FRPT/DKAM!

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Repoman75
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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

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Stick with Repo's plan in '07 - FRPT/DKAM!

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Repoman75
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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.

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Stick with Repo's plan in '07 - FRPT/DKAM!

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Repoman75
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Gapping up. $5 eom, $7-$8 by next financials

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Stick with Repo's plan in '07 - FRPT/DKAM!

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daytrader1
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up 15%
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Repoman75
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All buys ...muhahaha..... can you say money maker?

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Stick with Repo's plan in '07 - FRPT/DKAM!

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Jo4321
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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

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

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Repoman75
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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.

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Stick with Repo's plan in '07 - FRPT/DKAM!

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