KRSL- MikeS, SSKILLZ, I bought in today on the gap down. I think EDAC has been doing a better job expanding capacity (the large warehouse and rampup in CapEx spending to supply new machining to the facility) so I think EDAC has a bit more potential than KRSL to grow revs near term (although the cash advances from UTC should help bring capacity up at KRSL w/o too much cash burn, at least in the F119 area).
But KRSL's backlog is getting big enough to force management to expand probably even w/o the F119, and should have a big enough backlog to make the expansion spending more than worth it (about $30 mill w/o F119 adddition). KRSL does have the old tax snaffoo (not a big outstanding balance and they're still contesting). The bumpup in raw materials tells me they're currently busy.
The MOU with UTC had me pause (why it isn't finalized) but UTC advanced some money and the deal defaults to finalized end of 2007 if not consummated earlier. So I guess it is just a matter of signing off to finalize that deal (or waiting for end of year). The union signed a contract thru 2009. The discrepant components could be an issue but it looks like a one time event (so far). Anybody see any job postings for Kreisler lately? Maybe I'll call Thursday and ask about job opps.
BTW, the drop might be from the light insider selling. just a guess. But keep up on the discrepant parts thing. I'd be curious who the customer was on that.
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