agreed
call me crazy, but i really think that defense micro/smallcaps are about to be the next big thing. maybe not this one (though it also wouldnt surprise me if we eventually get a big bump on that defense budget bill getting realized) but people want to put their money into something with upside. the general market is overinflated and QE'd to high hell and back. robinhood and other ez access apps marketed at poor people have given the big guys something nice to sell into these past few years, but confidence is waning. if the FEDs recent noise is correct too, were obviously heading into a credit crunch in the next few years. you know what that means. large high debt companies get crushed and small caps will go on a run until cataclysm strikes, or something breaks (i mean ffs look at the RUT/IWM this year).
with intl tensions rising steadily, and pro defense legislation getting passed, i can think of a thousand worse places to be than smallcap defense stocks. granted this one, by its very nature, is a gamble, but its pretty easy to see which way the winds blowing in regards to an increase in military spending. just gotta pick the right ones and wait for your assumption to be realized, or disproven. and for all the heartache in this particular ticker, ive yet to have my original thesis disproven or even addressed. in fact, the sudden acceleration of contracts DRUS started landing earlier this summer shows that even WITHOUT the bill being passed at the time, that defense contractors are lookin to buy. now the don just gave em a shiny new bajillion dollar defense bill. its like giving the wife the card and telling em "go crazy hunny, buy whatever you want"
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