News Focus
News Focus
icon url

madcow

11/15/05 12:28 PM

#437536 RE: Zeev Hed #437532

CHK +$1 now CRZO as well watching NGAS but it doa so far!?
icon url

MyHunch

11/15/05 12:30 PM

#437539 RE: Zeev Hed #437532

Thanks, I might have missed my entry on IPII though in the low 17's. BTW, may I ask what your OB on IPII is, 16 and change? TIA
icon url

MKTBUZZ

11/15/05 1:58 PM

#437574 RE: Zeev Hed #437532

Zeev - second time poster long time reader

Is this company as undervalued as I think it is?

VSE CP (NasdaqNM:VSEC) Web Site: http://www.vsecorp.com

Key Statistics
http://finance.yahoo.com/q/ks?s=VSEC
Market Cap (intraday): 84.12M
Shares Outstanding: 2.35M
Float: N/A
% Held by Insiders: 30.59%
% Held by Institutions: 12.50%
Profit Margin (ttm): 2.08%
Operating Margin (ttm): 3.35%
Return on Assets (ttm): 8.21%
Return on Equity (ttm): 22.41%
Revenue (ttm): 272.34M
Revenue Per Share (ttm): 118.366
Qtrly Revenue Growth (yoy): 23.10%
Gross Profit (ttm): 3.56M
EBITDA (ttm): 10.46M
Net Income Avl to Common (ttm): 5.65M
Diluted EPS (ttm): 2.38
Qtrly Earnings Growth (yoy): 79.30%
Total Cash (mrq): 9.76M
Total Cash Per Share (mrq): 4.153
Total Debt (mrq): 0
Total Debt/Equity (mrq): 0
Current Ratio (mrq): 1.478
Book Value Per Share (mrq): 12.207
From Operations (ttm): 5.22M
Free Cashflow (ttm): 2.97M

From their 10Q: http://biz.yahoo.com/e/051028/vsec10-q.html

Funded Backlog
Bookings for the nine months ended
September 30, 2005 -- $259,000,000
Funded backlog as of
September 30, 2005 -- $212,000,000
Revenues for the nine months ended
September 30, 2005 -- $215,000,000

VSE's CED Division has a multi-year Rapid Response support contract issued by the U.S. Army Communications-Electronics Command (CECOM) that was awarded in January 2003. The contract enhances the Company's revenue producing capabilities by allowing it to provide services through any of VSE's operating entities or through third party subcontractors for various end user government customers. If all options are exercised, this contract has a potential total ceiling of approximately $2.9 billion over an eight-year period. While it is not likely that the full ceiling amount will be realized, this contract has generated revenues for VSE of approximately $29.3 million and $18.7 million during the nine months ended September 30, 2005 and 2004, respectively. VSE continues to pursue new orders on this contract that present potential revenue opportunities for the future.

FMD also has a contract, awarded in September 2004, with the U.S. Navy to provide engineering and technical services to support Naval Sea Systems Command maintenance, overhaul, repair, and alteration of systems aboard ships. This contract has a total contract ceiling amount of $1.022 billion over a five-year period if all option periods are exercised. VSE is one of several awardees eligible to share in the potential total contract ceiling amount. Since the date of the contract award, FMD has been awarded delivery orders totaling approximately $44 million in work on this contract. Although it is not likely that the full $1.022 billion ceiling amount will be realized, this contract does present potential future revenue opportunities.