Thursday, February 04, 2016 8:38:02 AM
Feb. 4, 2016 7:38 AM ET|1 comment | Includes: F, KTOS, RF
Mitchell Harris Mitchell Harris?Follow(218 followers)
I think the market is in a unique position, where opportunity abounds. Most of the time stocks plunge under $10, psychologically that tends to be a bad sign. In this instance I have isolated a few companies that I believe to have value, and upside potential. The balance sheets give me that "parts are worth more than the whole" mentality. There also may be some covered call opportunities with them as well, which I will describe here also.
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Kratos Defense & Security (NASDAQ:KTOS) ($3) is involved in defense spending. Drones, satellite communications, critical infrastructure defense, cyber-warfare/security. They are a growing player in the drone industry, taking away some market share from General Atomics. This article will give you some more insight on their new specialty drone. This is a high growth industry and staying ahead of our enemies is crucial. They received $13 million in contracts in the past 6 weeks. The stock is down 40% in the past 52 weeks. They do have $36 million in cash, and currently there is an 18% short position in this stock and they will be covering over the near term. I do not want to marry this stock by any means but you could see $4 in the next 6 months or so. If you want to write the $5 strike price for August and grab 20 cents (6.5%) by all means do so. If it runs away from your portfolio above $5, maybe you can buy your own drone!
Good luck as always, and send me your ideas...
Disclosure: I/we have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.
I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
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http://seekingalpha.com/article/3864006-3-stocks-10-ready-roll
Bought back into KTOS at $3.01.
KTOS
Recent KTOS News
- Kratos Receives $57.6 Million Contract for 70 BQM-177A Aerial Targets • GlobeNewswire Inc. • 03/18/2024 12:00:00 PM
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- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/05/2024 01:43:20 AM
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- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/05/2024 01:15:50 AM
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- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/05/2024 12:31:17 AM
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- Kratos Awarded a $499 Million Multiple Award, Indefinite-Delivery/Indefinite-Quantity Contract for the Design, Build, Test, and Delivery of Functioning Anti-Tamper Solutions • GlobeNewswire Inc. • 03/04/2024 01:00:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/29/2024 01:03:28 AM
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- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/23/2024 12:11:33 AM
- Kratos Defense & Security Solutions, Inc. Announces Proposed Public Offering of Common Stock • GlobeNewswire Inc. • 02/21/2024 10:18:39 PM
- Form 424B5 - Prospectus [Rule 424(b)(5)] • Edgar (US Regulatory) • 02/21/2024 09:55:03 PM
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