Freshpet Inc (FRPT): 11:56 FRPT Force Protection: Risk/Reward...

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Tuesday, 06/23/2009 12:01:56 PM

Tuesday, June 23, 2009 12:01:56 PM

11:56 FRPT Force Protection: Risk/Reward remains favorable heading into M-ATV awards - Dougherty (8.01 -0.20)

Dougherty believes the military is likely to sole source the M-ATV contract this Friday, according to the latest update from firm's industry and government sources. Firm continues to believe Force Dynamics remains the front runner with a 60%+ chance of winning 100% of the award based on the Cheetah's superior survivability performance and most mature vehicle design. Firm is hearing extensive talk about awarding M-ATV to one vendor, but that multiple vendors could be used to produce the winning vehicle design. Firm believes this is a positive data point for FRPT. Based on firm's discussions with sources, they believe the government's key concern about selecting Force Dynamics previously was production capacity. Firm notes capacity has always been a strength for Navistar (NAV).