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CLICK HERE FOR THE PODCAST ON VSE CORP
I did a podcast on this stock tonight and thought I ought to do a brief posting on this company. I do not own any shares nor do I have any options on this stock.
VSEC made the list of top % gainers on the NASDAQ today, closing at $38.93, up $3.68 or 10.44% on the day. According to the Yahoo "Profile" on VSE Corporation , the company is among other things, a military contractor which provides logistical support to the government.
The 2nd quarter 2007 results were solid. The Morningstar.com "5-Yr Restated" financials are solid. The Morningstar.com "5-Yr Restated" financials are excellent showing steady revenue and earnings growth, positive free cash flow, stable # of shares, a small dividend and a reasonably good balance sheet.
Yahoo "Key Statistics" shows this is a small cap stock with a p/e of just over 18. According to the Fidelity.com eresearch website , the price/sales (TTM) is reasonable relative to other companies in the industry, and also on Fidelity , the return on equity (TTM) exceeds other companies in the same industrial group. Yahoo shows only a few shares out short. The company recently split its stock 2:1 on 6/29/07.
Looking at the VSEC "Point & Figure" chart on StockCharts.com, we can see a relatively strong chart above support levels.
With the strong move higher today, the solid earnings report, the nice Morningstar.com '5-Yr Restated' financials page, reasonable valuation, and a solid chart, VSE CORP (VSEC) IS RATED A BUY
$38.17 (08/21/07)
