General Carlisle of Air Combat Command recently stated the the A-10's retirement is likely to be postponed for 2-3 years.
I wonder what effect that would have on CVU's profitability, especially since there seems to be no adequate replacement in view.
FYI, the company has treated A-10 contracts at zero profitability for some time.
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The first of Japan’s ordered E-2D Advanced Hawkeye aircraft are underway as the US government issued contracts external link to Northop Grumman for $151 million to build one of the aircraft. Japan hopes to buy four external link in total which they hope will boost their maritime capabilities in the region.
It seemed like when the shares dropped yesterday morning on the majority of the day's volume (and then bounced back on light volume is more indicative of institutional selling. If you followed this past year's holdings they have been trimming their positions.
Sentiment: Strong Sell
Institutional Interest back in play. Over the last two trading days they've sucked up almost 11,000 shares! What an accumulation.
Do you think before you write this stuff?
Ok, gotta make buylow happy and change into my greeneyes costume so I can post something else.
Sounds like an insider just made a statement that could be of interest to the SEC since it is not public. He sounds like an idiot though given that as of 2:07 today CPI has traded 375 shares. What is that total for the day, about $3k words of trades. Is it the Bugs Bunny Institute.
Sentiment: Strong Sell
Not at all. I think the old CEO did a good job of growing the company and getting them recognized. I think the new CEO is in way over his head and will lead this company to a bad place. But I also blame the old CEO for never generating cash under his watch either. And the current CEO seems even worse at it.
Sounds like your objections are to the old CEO, not the new one. Even though the new CEO was an employee, believe me that's not the same as running the company yourself.
You opened your account yesterday Mr. Buylow77 just to write this one post?
And you allege Curious is a distant memory at CPI?
To have such knowledge means you work there.
Gosh you people are desperate. Karma!
THESE ARE THE TYPES OF PEOPLE TOUTING THIS STOCK THAT IS SCRAPING ABOVE 6 YEAR LOWS DURING THE GREATEST BULL MARKET. NO WONDER WHY CPI IS A FAILURE!
Sentiment: Strong Sell
Risk versus reward. very simple. One, I don't trust that the price will even stay here for the next 6 months and not drop back in the meantime. Secondly, even though I say there will be good earnings, I'd like to think sophisticated investors see the problems and wouldn't push the price up. The reward if I'm wrong? Stock goes to $11.00, $11.50, $12.00? The risk? A bad piece of news, another cancelled contract or a major contract adjustment, and this stock could be $3.00! So I don't think buying today, with the issues that I've pointed out, makes any sense. You have to check for news every day to make sure you're not in peril!
That said, I like the company itself. They seem to have a nice little niche business, and though I joked about yesterday's award, to win national recognition for such a small company is an amazing thing. My gripe is not with what they do or how they do it. My gripe is with management, the board, and the fact they haven't produced positive cash flow in 10 years! And that problem is the one that concerns me the most. Eventually the cash runs out.
You did predict good earnings and you're predicting them for March, yet you won't buy, sell in 6 months and walk away with big bucks if you're still uncomfortable with cash flow. Do you think that's a sin ? Would you rather just hate this company ?
What is your agenda ?
Serious question. I'm not trying to be a jerk. Do you understand that using percent complete accounting allows them to always hit their numbers for a while? If they bring in material, they increase revenues. It's a simple relationship. That is why, before earnings came out, I said they WOULD make their numbers, and will again next quarter. If they didn't, or don't, this stock will tank because of them missing. Don't get caught up in the hype.
Your comment about cash is much more important. They have burned through a ton of cash this year, and if they bring in more material without delivering product, the problem just gets worse.
I will go on record right here as saying they will hit their target again in Q4. I will also say, so what? On the call, The president all but ruled out contracts from Boeing and Airbus. They have major cash problems. They didn't give us 2016 guidance, which is troublesome. Contract awards are down. And not one board member has ever bought a share of stock in the open market. THESE are the things people should be focused on, and not the smoke and mirrors revenues that they are producing.
there will be no one who doesn't think this stock was a good buy pre- earnings and remains a good buy right here. The company president said that earnings would be up and he delivered. The analysts estimated $.34, I guessed $.25 and they came in at $.28.. At any one of these numbers this stock was a drop dead gorgeous buy.
Now, the president says that he will deliver even higher earnings to be announced next March. There are cash flow issues which, if not fixed, will matter at some point. Maybe that s why most computers and cell phones have sell buttons. But in the meantime if you don't buy this stock aggressively, I think you will regret it..
AMEX hasn't been "under the control" of the NYSE. They bought it outright years ago. And if broker websites that you visit are still calling them AMEX, I think I'd change websites.
So tell us, who is this new institutional holder? It mustn't be a secret if you know it, so enlighten us all! This line of garbage for a day where 54,000 shares traded?
CI, You are so intent on being a hater that you fail to understand that AMEX has been under the control of the NYSE for quite some time. Many broker web-sites still carry the AMEX listed stocks separately and that CVU was the highest listed gainer today.
You will also see a new institution listed when the institutional holders are next revised.