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I sure hope so but the best laid schemes o' Mice and Men gang aft aglee.
I saw a news story about 9T /10yr cut in the proposal for tomorrows vote, and DODs 750B is 1/2 of all discretionary spending.
I think it interesting the test delay coincides with the budget problem.
I think its time to switch on the N2O >>>>>>>>>>
The Good The Bad And The Ugly
Moody's is out with a comprehensive chart of defense spending since 1946 which shows that while over the years the average yearly amount spent on defense by the US government has been around $400 billion, in the past decade this amount has surged to an all time high of just under $750 billion. And while one can debate the reasons for why America spends 20% of annual revenues on military (and debate even more why this number has continued to surge under a Nobel Peace Prize winning president), one thing is rather certain: this number will decline in the coming months and years as Washington has no choice but to cut the defense budget. And while this will likely be a multi-year process, it will have substantial implications for not only the defense companies identified, but for their respectively supply-chains, resulting in hundreds of thousands and possibly millions of layoffs over the next decade as government-sourced revenue plummets and yet another layer of overhead will have to be trimmed.
Per Moodys'
Last week’s escalating political rhetoric and ongoing debate about the US statutory debt ceiling and deficit spending lead us to expect deeper-than-anticipated budget cuts that will negatively affect defense contractors doing business with the US government.
At almost $700 billion and about 20% of total annual domestic outlays (and more than half of discretionary expenditures), the world’s largest defense budget by a factor of 6x (China ranks second) remains politically vulnerable to becoming at least a partial solution to the longstanding deficit problem. Whether or not a satisfactory solution to the growing deficit problem is reached near term and the debt ceiling is raised, there is little doubt that pressure to trim excessive spending will persist.
Affected companies include prime defense contractors Lockheed Martin (Baa1 stable), Northrop Grumman (Baa1 stable), Boeing (A2 negative), Raytheon (Baa1 stable) and General Dynamics (A2 stable); other big US government defense suppliers such as Science Applications International (A3 stable), ITT (Baa1 review for downgrade), L-3 Communications (Baa3 stable), BAE Systems (Baa2 stable) and United Technologies (A2 stable); and ultimately the full contingent of companies in the supply chain to these large defense contractors.
For the past 10 years since the events of 9/11, the rapid build-up of arms and services, as seen in the exhibit below, made the defense business a good place to be, almost irrespective of specific program focus.
Now, with government budgetary pressures constituting a global phenomenon, defense spending is universally getting a broad reassessment after this period of very high growth, and defense contractors are consequently chasing fewer opportunities in a heightened competitive environment.
Before leaving office, former Secretary of Defense Robert Gates had already identified and/or effected $400 billion of cost cutting from canceling certain weapons programs and identifying overhead and efficiency savings. However, more than $300 billion of that savings is slated to be reinvested in similar programs and/or higher military priorities, leaving only $78 billion available for deficit reduction. In his April budget proposal, President Obama asked for $400 billion of incremental defense spending cuts, roughly equal to 7% of the Department of Defense’s projected base budget (excluding supplemental wartime spending) over the coming 10 years. Still a somewhat modest figure in real dollar terms, we now expect agreement on a much larger deficit reduction plan, partially prompted by the desire and need to avert an outright payment default and downgrade of the country’s Aaa government bond rating, which we placed on review on 13 July.
For the defense industry, that may mean a call to reduce spending at a multiple of the original $400 billion target, particularly if held to its proportionate share of the total budget. As the just-approved Fiscal Year 2012 Department of Defense Appropriations bill from the House works its way through the Democratic-controlled Senate, particularly against the backdrop of broader deficit-reduction talks providing added political fodder, this historically largely untouched defense category may get hit with a double-digit percentage reduction in base funding levels over the next few years.
An accelerated withdrawal from Iraq and Afghanistan will jump-start the reduction in total defense outlays (including such wartime supplemental spending), and this alone will have a meaningful impact on many companies. Going forward, it will be increasingly important for defense contractors to be on the “right” programs. Exactly which programs those are remains to be seen, though, given the increasingly broad and growing list of potential and actual threats to US national security.
The offset to all of this is the sector’s overall current health and participants’ strong financial profiles. As well, such prospective spending cuts at any meaningful level will also likely take many years to play out, particularly given the long-dated nature of most defense contracts. Moreover, the daily news feed invariably serves as a constant reminder that the world is still a very dangerous place. The real issue is one of affordability. Demand (and need) for the sophisticated weaponry, programs and services on offer by defense contractors will largely mirror the threat level and therefore remain high, particularly for the US government. In this regard, the industry enjoys a somewhat unique but mutually beneficial relationship with its most important customer.
Your Right, I had in mind Iran will be attacking Iraq as a consequence, along with Bahrain.
Mad I was wondering the same thing, but once a design is proven to work whats left but new and improved. As far as taking his place lots of people, they all ready came up with different systems.
Sami Have you heard anything about 3 aircraft carriers heading to the persian gulf? I hear were getting ready to be pulled into war with Iraq upon Israels attack coming in September.
Going to need at least 18 airships soon.
I am extremely disappointed in the delay but not for the modifications being preformed but for the fact the economy is falling faster then I thought (I expected a target of oct-nov before this downturn would be evident). I'm concerned military budget is going to be hit hard, or worse yet even though this product will save the military money there may be a temporary freeze on new contracts. With our luck this is what will happen.
We need one stinking order ASAP to get us through the rough spot.
At the SH meeting, ask WTH the logo is suppose to be!
Only thing that comes to mind is a Wizards Hat.
It's axiomatic the name refers to the task, and finally one of theses programs has our name on it.
All the testing has been done, kickbacks in place and this is just the last show and tell with the popping of the bubbly.
For some it's just hard to believe in UFOs when it happens.
Argus Panoptes (Argus "All-Eyes"), a giant with a hundred eyes.
Argus, son of Arestor, builder of the ship Argo in the tale of the Argonauts.
Warp, maybe it's just going to be a little smaller Island, but maybe not. Take a look at Greece, their planning to sell Islands for pennies on the dollar. You must have some Greek in you so pack up your bags your going to Greece, See how it all ties together.
Sounds to me this is where wsgi got the name. eom
There's a much bigger Issue here then WSGI. At least theses boys are part of the few buying. The 16,800 to 1 sells to buy has been going on for 2 years now, this is what is holding the share price down. Confidence is gone.
WE NEED A CONTRACT TO SET US APART FROM THE REST.
This is from Trim Tab
Corporate insiders are using little of their own money to buy shares in their companies, even as their companies announce large share repurchases, reports TrimTabs Investment Research, indicating that corporate insiders have little confidence that their company stock price is going to rise.
In a research note, TrimTabs reported that companies have announced a solid $124 billion in stock buybacks in Q2 2011, yet insiders have used less than $2 billion of their own money to buy stock in the quarter, one of the highest ratios of announced company share buybacks to insider stock purchases since TrimTabs began keeping records in 2004.
“We’ve never seen such a sharp contrast between what insiders are doing with their own money and what they’re doing with the money of the companies they manage,” said Charles Biderman, CEO of TrimTabs. “The best-informed market participants seem worried about what will happen to the economy when the Fed stops printing money,” Biderman said. “While insiders are willing to use corporate cash to try to support the value of their stock-based compensation, they don’t seem to think their stocks are attractively priced.”
“The ratio of announced stock buybacks to insider buying topped 70 in the first two quarters of this year,” noted Biderman.
“They were by far the highest levels in our records. How many of the analysts and journalists, cheering the big buybacks, realize that the people rolling them out aren’t buying anything themselves?”
TrimTabs data shows that insider buying has occurred at just six of the 30 companies with the biggest announced stock buybacks this year, totaling $168 billion dollars. The insider buying at these six firms amounted to less than $10 million, making for an announced-buyback-to-insider-buying ratio of 16,800 to 1.
Be or not to be real
I had to catch up with 4 pages of posts, and when I started out I thought the world was coming to a end. Now that I have reached the end I have determined Warp was just have menstrual cramps.
Everything is just fine!
Rattle I thought the same thing especially if you think military budget cutting is coming soon.
What do you do, tie yourself to a publicly traded company.
Then WSGI sell's out. Take your money and run
Note: Agreements are for 1 yr and 2 yr, looks weird.
and ( W S GROUP I ) So far two isn't a group.
Who Knows. All I know is, there's a whole lot of Chiefs and no Indians.
We need a group of seamstresses.
Employees NOT, but on BOD. Why?
Two new employees. One from Eastcor
http://www.sec.gov/Archives/edgar/data/919742/000114420411036229/v225855_8k.htm
Just out + all those aliases included.
http://www.sec.gov/Archives/edgar/data/919742/000114420411036109/xslFormDX01/primary_doc.xml
NY Appellate Division | Bank of NY v Silverberg - MERS Does NOT Have The Right to Foreclose on a Mortgage in Default or Assign That Right to Anyone Else. ( 60 million mortgaged homes )
I could come to a conclusion, this could HELP the economy.
OK, go and del, still this is BIG.
Run , I thought about that a few times, not the same is it.
Looks to me until we attract more attention we mosey around.
Then, once we do what will happen. Do we go ridiculously high or have wild swings. I think past experience need not apply here. Will be interesting!
So far I have no connection to Yuma.
But I use to camp with my dad and boy scouts in Yuma back in the 60s. Lots of snowbirds reside there rent and tax free. I bet someone will see the testing going on. I wonder how can you find a snowbird in Yuma sitting in the sun while surfing the internet who could keep a eye open.
Mathew I'm waiting for release of info on
Crime of the Century, How Discount Brokers and Market Makers pick The Pockets Of Their Customers.
That's a good link, thanks
Back atcha, 800 plus PDF Library of investing.
http://www.traders-library.com/
But who cares, in a couple yrs it won't matter anyway, we'll all be eating MREs and shooting anything that moves.
TB Win 7 Has a new Magnifier which could be useful.
Chk out Dell 2711, resolution = .24mm dot pitch, high refresh rate so much better for the eyes. If OLED ever comes out in monitor size, better yet.
New Guy, Nope Don't make a penny, besides that's a wast of time, much easier and profitable to collect cans and recycle copper.
Numbers look good, ABNORMAL VOLUME without BS run-up.
Back on line, just in time.
Built me a new computer:
Win7 64bit Asus MB, Amd 6 core 1090T , with 8gb , and SSD sata2 drive. temp = cool, power consumption = low, noise = quite.
Boot time 15 sec, 25 sec includes all programs, from sleep mode programs displayed before monitor warms up.
Web surfing = pages flash up. Hulu HD perfect playback with on board GPU!
Itunes 3000 songs loaded 2 seconds from icon.
I wait for no one! The best AMD processor ever! AND CHEAP!
BBB There's news coming soon about how corrupt theses cheap brokers are, I post when it shows up.
Terp Yes they do and with a fee.
There FAQs cover it.
What interest me is insurance is only $500,000 where ST is $1,000,000
Thanks BBB eom
BBB Do you ever consider support pivot resistance points.
Scottrade has just ticked me off for the last time. Trivial matter my fault but they still chose to screw me, on top of not allowing to trade for a week.
As soon as we hit 1.00 I'm going to let them know what I think.
Q where to go?
Mathew633 Tell the truth, you've been in the doghouse and banned from the internet. Must be great to get out of the rain.
News, what other surprises are there, 10q, they secured a hanger, bought 3 sewing machines? built a table, purchased a gross of scissors, bought a carload of helium, hired three seamstresses and huff is cleaning the toilets.
But have you noticed their new LOGO. What is it?
And did you notice the US flag is correct on the right side.
Interesting two GTCs:
US, http://www.gtc-usa.com/satphone/Products.html
UK www.globaltelesat.co.uk
Wonder how this all fits together with WSGI.
http://www.globaltelesat.co.uk/blog/global-telesat-communications-to-exhibit-at-seawork-exhibition
http://www.seawork.com/news101/cost-effective-broadband
That's funny, thinking same thing.
Low many seats around the table are 25lb heaver waiting for this moment.
Now if Jburk and Doc show up we can play a game of softball.
BBB Why are yours different then theses.
http://ddmachine.com/default.asp?s=WSGI
And do you ever consider SPR points.
whiteout there > their
BBgunnzz There not the primary end user but other companies they support could be.
Since I've had no reason to go there lately I was taken back too.
Lasik coming soon I dread.
I'll play with it this week end and see whats up. Do need to find next big thing though, after we get bought out that is. NAT gas is cheep, Silver for sure, Geothermal or Infrastructure, all depends on whether we travel at impulse speeds or warp 5,6,7,8,9. after that I think we travel through time.
Does anyone fine any use for Support Pivot and Resistance data.
The content of the PDP will only be disclosed to operators which have bi-lateral non-disclosure agreements with the device’s manufacturer.
So this is a device that will gathers data from the test flight of the argus 1.
Scottrade All Clear eom
nil don't you have some astrological data points, or isn't there a spell you can conjure up. Like can't we all simultaneously think wsgi to 5, wsgi to 5, wsgi to 5. What ever it takes I'm in.
BBB That's a good way to think about it. I have been calculating my original investment at the time, compounded @ 10% per year which = $2.53 min.
But since then I have bought 35x more shares. I'm averaged about same as warp.
I have told probably 50 people they should buy I've told my kids to invest more. NADA, all I get is deer in the headlights stare. Now when I tell them the the economy is going to crash maybe they will listen.
You know making all this money doesn't mean squat if the system inflates it away and that could occur over night. Take a look at what happened to gold 1933 Franklin Delano Roosevelt. today Gold 1500 > 27000? Whatever the multiplier is it will kill anyone in dollars.
If anyone knows this it's Clark, so as far as buyout is concerned I bet it may come sooner then we think.
That makes 6 yrs of waiting well worth it. Don't tease me now I can't take it.
What do you think the price will need to be at to attract a buy out.
Warp pre buy-out price and buy out what are you thinking?
Boy I agree. Besides I bet a contract is a com-min and this is a jump off point to 1+
Ship has arrived all aboard.
Florida wants it's 1.5m back.
I don't understand what the problem is I have bought, now maybe they are under SNSR I don't know. Also it was a old order maybe that's it.