FRPT has had a nice run up. I think it's time to take profits here and sell the stock. This will be for the next few days then you can think about getting back into the stock. Defense is a great sector to be in with a recession at hand. Good luck and remeber to use your stops.
FRPT is a buy! I think defense spending is going to increase and FRPTstands to gain from the spending. With all the indecision in the economy locally and internationally defense spending will increase in a recession to help stimulating the economy.
Force Protection, Inc. designs, manufactures and markets blast and ballistics armored vehicles for sale to military customers. Force Protection specializes in manufacturing vehicles with protection against landmines, roadside bombs and improvised explosive devices. Force Protection will continue to benefit from the positive trend of armored vehicles.
Based on a discounted cash flow valuation, shares of FRPT should be worth around $8.50/share. Assuming analyst average revenues estimates for the next 2 years, 6% revenue growth thereafter and terminal revenue growth of 3.5%. WACC of 10%...
Force Protection has had a rocky-ride over the last 6 months, however, it's clear that based on the estimates of MRAP demands, particularly the Cheetah as a possible Humvee replacement, that FRPT is greatly under-valued, with the opportunity for reaching at least $12 in less than 6 months.
Barclays upgraded the Integrated Oil sector to Positive from Neutral citing valuations. Note that Exxon Mobil (NYSE: XOM) was upgraded to Overweight from Equal Weight based on valuation.
After Force Protection (NASDAQ: FRPT) reported that its 1H08 sales increased more than 200%, Stanford thinks that Force Protection could be poised for several new opportunities in 2009 and they believe the company's risk is already priced into the stock; the firm raised Force Protection to Hold from Se
Barclays upgraded the Integrated Oil sector to Positive from Neutral citing valuations. Note that Exxon Mobil (NYSE: XOM) was upgraded to Overweight from Equal Weight based on valuation.
After Force Protection (NASDAQ: FRPT) reported that its 1H08 sales increased more than 200%, Stanford thinks that Force Protection could be poised for several new opportunities in 2009 and they believe the company's risk is already priced into the stock; the firm raised Force Protection to Hold from Se
Magma Design Automation, Inc. (Nasdaq: LAVA) 16% LOWER; reports Q1 EPS of $0.02, 3 cents better than the analyst estimate of ($0.01). Revenues for the quarter were $45.7 million, versus the consensus of $44.93 million. Sees FY revs of $158-$160M, versus the consensus of $210M.
Force Protection, Inc. (NASDAQ: FRPT) 15% LOWER; to Restate Interim Consolidated Financial Statements for First and Second Quarters 2007
Dell, Inc. (Nasdaq: DELL) 10% LOWER; reports Q2 EPS of $0.31, which may not compare to the analyst estimate of $0.36. Revenues for the quarter were
Force Protection, Inc. (NASDAQ: FRPT) 17% LOWER; to Restate Interim Consolidated Financial Statements for First and Second Quarters 2007
Magma Design Automation, Inc. (Nasdaq: LAVA) 10% LOWER; reports Q1 EPS of $0.02, 3 cents better than the analyst estimate of ($0.01). Revenues for the quarter were $45.7 million, versus the consensus of $44.93 million. Sees FY revs of $158-$160M, versus the consensus of $210M
Dell, Inc. (Nasdaq: DELL) 10% LOWER; reports Q2 EPS of $0.31, which may not compare to the analyst estimate of $0.36. Revenues for the quarter we
One of the most common rebuttals to the naked short selling conspiracy theories is this: Name one company that has been hurt by naked short selling.
In a July 22nd interview with Fox Business, Overstock.com (NASDAQ: OSTK) CEO Patrick Byrne gave an example: Force Protection (NASDAQ: FRPT). "Makes vehicles for soldiers in Iraq. . . stock was at $25, got naked shorted down to $4, canceled the secondary. . . Some soldiers are going to die in Iraq this week because some hedge fund guys need a new Ferrari."
Force Protection Receives Orders
- After the close of the market today, Force Protection (FRPT) has received orders for 34 Cougar vehicles and 14 Buffalo A2 route clearance vehicles from...
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