Re:hey shooter... how did I miss that?! lol
Hey KP,
The stock is looking very strong, and i dont hold a position.
The numbers from last Q kind a backed me off from this one.
The recent Pr,s are driving this stock. But i have reservations about the FA on this one, mainly the decreasing gross margins and the jump in A/R from last Q. Plus the gross net income didnt look really good.
The latest PR looks very promising, and a TA play might be in order.But i have concerns with costs here. Plus, what happens when US says war is over in Iraq?Which can be anytime.I might wait for that to happen.
There seems to be alot of good going on with this company,
right sector at the right time.But i want to know when the 85 mil and 5 mil from previou PR will be booked and recongized as revenue.
I think you got in at a good entry point, and good for you, hope you score big on this!!
I,ll wait to see next Q,s numbers, and see where she sits TA
wise.And see how the numbers pan out.I have no problem buying in a stock at higher prices, if i feel comfortable with FA, and TA is giving me buy signs.
The stock should retrace to the 2.50-2.75 area.
If it breaks 3.75, 5.00 could be the next level.And if they show improvement on eps, cash flow and gross margins,and the sales
show sigificant growth, a testing of 3 year high of 8.00 is possible.
The geo-political landscape should bode well for stocks like this going forward, at least in the short term.Beyond that i like other military stocks, LMT,NOC, ect. as the bulk of military budget will go to them.
Although DHB looks real good at the moment, be careful, there are FA issues to be considered, and dont be afraid to take a profit. You might want to consider trailing stops.
Good Luck,
Shooter
