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GhostRM

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GhostRM

Re: *MARINE 1* post# 10407

Tuesday, 06/16/2009 8:58:23 AM

Tuesday, June 16, 2009 8:58:23 AM

Post# of 10923
Collins-Stewart upgrade...

Don't worry about the price action, it has to do with option expiration this Friday (and call writers wanting to peg).

All that matters is the news over the next 2 weeks. It's bang or bust.



Collins Stewart upgrades Force Protection Inc. (Nasdaq: FRPT) to Buy with a $10 price target following yesterday's 13.3% pull back.

The firm notes the pull back was likely driven by increased expectations that M-ATV would be sole-sourced, potentially reducing Force's chance in the procurement. The firm said, "In our view, the odds are still good that Force gets something and it still has a chance of winning the entire award."

The firm notes Force's JV with General Dynamics win a sole-source contract, there is 100% upside to the shares into the teens. Should Force Dynamics be shut out completely, they see 30%-35% downside to about $5 per share
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Volume:
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Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
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