Added some CSPI around $6.20. Not sure who would sell so cheap after the great earnings report last week. Q4 fully taxed earnings of .19/share vs. a loss last year. Q4 revenues up 40%! The strong revenue growth was surprising. Looks like a record high for revenues...might be a breakout quarter for them.
CSPI has an excellent balance sheet with over $3/share in cash. They also pay out a huge 7% dividend yield. Today appears to be the last day to buy before it goes ex-dividend.
They've got a couple of easy comps coming up. Q1 probably only a small profit since there won't be any plane royalties (altho they will get royalties on 5 planes later in the fiscal year). But the backlog increases for both the HPP & TS segments in the 10K filed last Thursday suggest the healthy revenue growth should continue in Q1.
From the 10K:
Backlog
The backlog of customer orders and contracts in the HPP segment was approximately $1.6 million at September 30, 2015 as compared to $0.2 million at September 30, 2014. Our backlog can fluctuate greatly. These fluctuations can be due to the timing of receipt of large orders often for purchases from prime contractors for sales to the government. It is expected that all of the customer orders in backlog will ship within the next twelve months.
Backlog
The backlog of customer orders and contracts for the TS segment was approximately $10.1 million at September 30, 2015, as compared to $6.6 million at September 30, 2014. Our backlog can fluctuate greatly. These fluctuations can be due to the timing of receiving large orders for third- party products and/or IT services. It is expected that all of the customer orders in backlog will ship and/or be provided during fiscal year 2016.
