VSR 4.45 + 1.20 This one has slept in my portfolio for the past 2 years. What the heck does this mean? 4 million in revenue? but 600 million over 10 years?
<<Shares of Versar Inc. (VSR) rose 22% to $3.98 after the engineering firm received a firm-fixed price, indefinite-delivery, indefinite-quantity contract for environmental engineering services that could amount to up to $598 million over a potential 10-year-period.
Services topics include: installation restoration, environmental quality, environmental planning, as well as natural and cultural resources for the Air National Guard at locations throughout the United States and its territories.
Versar estimates the contract could reach over $4 million in revenue.
-By Cynthia Koons; Dow Jones Newswires; 201-938-2007; cynthia.koons@dowjones.com >>