I think $OPXS is way undervalued, I have been buying recently. US defense systems, night vision hardware contractor selling for about 40% of boo value, and 1.5 Million in cash on hand.
Recent news:
RICHARDSON, TX, Apr 08, 2014 (Marketwired via COMTEX) -- Optex Systems Holdings, Inc. (OTCQB: OPXS), a leading manufacturer of optical sighting systems and assemblies primarily for Department of Defense applications, announced the first shipments of their M17 Day / Thermal Periscope (NSN 6650-01-619-6545) to a country in South America today.
"This is an important milestone for Optex because it marks the first direct sale into South America without going through a large prime contractor; this direct transaction allows Optex to serve our customers in South America directly and to help influence their future procurements. Additionally, this shipment of our new M17 Day / Thermal Periscope validates Optex efforts to upgrade existing platforms with new technology," stated Danny Schoening, CEO. He continued, "The M17 Day / Thermal Periscope is a cost effective upgrade to existing systems in that it provides both Day and Thermal views specifically designed for driving armored vehicles. It can be installed in vehicles which were originally designed without this technology like the M113 Armored Personnel Carrier, or it can be used on vehicles like the Stryker or similar Light Armored Vehicles as a backup to existing systems."
Merrick Okamoto, Optex Systems Holdings Chairman also commented, "This sale further reinforces our strategic decision to become more active in the procurement process in offshore militaries. The reduction of U.S. defense spending has become a reality and we are pleased to welcome new customers to our core and electronically updated sighting systems."
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