What puzzles me (and concerns me) the most .... if all of these "indicators" (CRADA, US-Africa meeting, massive production, etc.) make such a persuasive case that a TSA contract is a virtual "given", then why has this collective information NOT driven the share price to levels that everyone has been projecting once the administrative formalities are announced and confirmed?
Logic suggests to me there can be only two possibilities. 1) "The street" doesn't share the same levels of confidence for contract awards that we all hope for, or 2) "the street" DOES share the same level of confidence for contract awards and the share price appreciation of the past couple of months is the result of that confidence. In other words, the street has already priced the good news into the stock. Seems like it has to be one or the other, no?
After all, "buy the rumor, sell the news" is an old Wall Street adage for a reason. Have we witnessed the first half of this adage already?
Pat
