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.
-------------------- Stick with Repo's plan in '07 - FRPT/DKAM!
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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.
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posted
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.
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posted
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
-------------------- "Great Day for Up!"....Dr. Seuss
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posted
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.
-------------------- show me the green
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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!
-------------------- Stick with Repo's plan in '07 - FRPT/DKAM!
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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.
-------------------- "Great Day for Up!"....Dr. Seuss
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posted
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.
-------------------- Stick with Repo's plan in '07 - FRPT/DKAM!
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posted
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
-------------------- "Great Day for Up!"....Dr. Seuss
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posted
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.
-------------------- Stick with Repo's plan in '07 - FRPT/DKAM!
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