Kratos Defense and Security Solutions Inc (KTOS)

[str8_chuter]

"What am I missing?"

Stock hasn't done much because company management has a very long history of under-delivering on promises.

Every quarterly CC, they have some sort of excuse why the promised growth didn't come to fruition.

The growth driver is unmanned systems but the schedule continues to be pushed out to the right on every program in this division. No meaningful unmanned revenue growth will show up until 2021, at the earliest. Don't hold yer breath.

Meanwhile, the company continues to publish wildly misleading press releases regarding "contract wins". Last week was the latest example when they issued a PR claiming a $400 million, 5-year Skyborg contract win. They won nothing. One has to read the PR issued by the Air Force to get the real story. AF issued the contract to FOUR companies: Boeing, General Atomics, Kratos and Lockheed-Martin. Kratos must now compete with these three companies on every task order released against this contract.

Last week's rumor about a buyout is also par for the course. Kratos shares get goosed about once a year with these fake rumors. Lockheed-Martin was attached to the latest rumored buyer. Pure nonsense.