Jumping to conclusions are you kidding me, this stock has been a dog for many years with no prospects in sight. Your post has said so little it is about as pathetic as management's comments.
Who is this CEO they put in place. He has destroyed so much market value during his listless tenure. Does this guy have any experience with the investment community or potential business which they can not seem to get awarded.
Sentiment: Strong Sell
Established company. Great product. Huge growth sector. Low Stock price. That is all folks.
Everything else is just jumping to conclusions.
Sentiment: Strong Buy
How long before they realize they do not have a CEO that instills confidence with investors or customers. The market cap of this company has been decimated since they "Peter Principled" him up into that position.
I left this board for a few weeks and it has gone dead quiet - what's up?
Stock seems to have stabilized at $9 and change, and volume is actually up. appears to be basing to me, and ready for a move up in Q1. Anyhow, Merry Christmas.
$9.20. Earnings should be strong, and imo, the selloff is unwarranted and perhaps tax loss sale related. I see a strong move up shortly. Plus, its an SSk pick.
The HondaJet received type certification from the U.S. Federal Aviation Administration on December 8.
The FAA presented the type certificate to Honda Aircraft Company president and CEO Michimasa Fujino in front of more than 2,000 people, including FAA Administrator Michael Huerta, government representatives, community leaders, HondaJet dealers, suppliers and Honda Aircraft associates at Honda Aircraft headquarters in Greensboro, NC.
“Achieving FAA type certification for the HondaJet is a monumental milestone for Honda,” said Fujino. “We established Honda Aircraft as a new aerospace company and introduced our first product — an advanced light jet with technologies developed from serious research activities. We designed, tested, and have now certified this clean-sheet design aircraft – an unprecedented challenge for Honda.”
Honda Aircraft Company validated the HondaJet’s performance, safety, function and reliability through ground and flight tests with the FAA. Total flight hours exceeded 3,000, with testing conducted at more than 70 locations across the U.S.
“This day was achieved through the collaborative efforts of the FAA and Honda Aircraft Company,” said Melvin Taylor, manager of the FAA’s Atlanta aircraft certification office. “Collaboration is not easy, it often is a difficult subject. But when it is done successfully like this program, the rewards are gratifying to us all.”
With HondaJet FAA type certification achieved, Honda Aircraft is now ramping up production in Greensboro with 25 aircraft on the final assembly line.
“This is an exciting day for North Carolina and our state’s aerospace industry,” said North Carolina Governor Pat McCrory. “As far back as the Wright Brothers’ first flight at Kitty Hawk, our role in aviation has always been significant. Now, when we look up in the sky, we will see jets made right here in North Carolina. Congratulations to Honda Aircraft Company on this enormous achievement.
I dropped by and LMAO. CPI advocates (employees) spew baseless claims. However, whenever somebody poses a question to them about the abysmal perfornance of the stock share price, they go mute rather than present a valid case why anyone should invest in thi stock which has been dead money for ions. If they had a valid point, they have never presented it, or responded to factual posts other than to assign the legitimate questioner 5 or 6 thumbs down immediately. Hmm sounds like the work of a sole poster with too many aliases.
One has to wonder why they/him/her can not answer legitimate, factual questions other than to childishly assign the post a barrage of thumbs down to a poster stating facts.
Well anyway, I also wonder how the CPI CFO pestered himself at the Davidson conference yesterday.
Can you just imagine him telling this firm to invest THEIR clients money in CPI when the stock has been a disaster . I for one would like to know how this CFO answered what would be my first basic question of him. If this is such a great investment for our clients, Mr. CPI CFO, how come you never purchased a share of the stock yourself?
I assume he had only on of two answers. One could be a hum a hum and a hum, or just silence would the sound of crickets in the background.
Anyway can someone answer me intelligently why the management team in just shy of two years has lost 40% of the value of the company, shows no signs of growth after decades and does not return or is it can not return some cash in the way of a dividend to hold a stock that has been eroding for years.
Thumbs down, and no concrete rebuttal may be the reason why CPI is consistently ignored after attending multiple investment houses.
Sentiment: Strong Sell
Well before I answer that, let me ask you a question too? Why did you create an account on Nov 5 2015 and post here on that same day the next day and two more times attacking anyone that did not approve of CPI Aerostructures, going as far as to accuse another poster of being the ex-CEO? Imagine one post you had magically received six thumbs up within several hours for just saying "I dont work there, just a retired shareholder"
Now to answer your question, how would you like me to prove a non event? Can you show me in the public domain where a contract was awarded? No because there were none. However, you avoid the fact that since the current CEO has been in place this stock has gone from approximately $14.45 to $9.61. Quite a significant loss of market cap. Can you explain why the stock share price has been so maligned. Good grief it was dragging at $8.30 at the bid not long ago and hardly trades at all. If you look in the public domain it states for a fact they attended the Paris Air Show, conversely scouring the public domain they did not receive a contract.
Weeks go by without a single post to this message board, but the day you create your account, to post here solely, you get 5 and 6 thumbs up.
Sentiment: Strong Sell
How do you conclude that management is better when they have taken the share price from $14 and change to $9 and change over almost two years when the market was roaring.
Obviously money managers, other professional traders and the insiders themselves disagree with you as they continue to shun this stock.
Now go back and try to get an order since you came home empty handed from the Paris Air Show.
Nothing hateful here, just facts any person can verify as they are in the public domain. I am still waiting for Bugz and the rest of the socks to post one factual statement, or refute one statement I have made.
Research before you invest. And in this case as Wall Street doe, strongly avoid.
Sentiment: Strong Sell
I think I'll stick with the opposite conclusion side until results dictate otherwise. Worse margins, still terrible cash flow, and less new contracts won. These are the facts. Do you see any board members buying shares because they believe things are so great? And who knows what surprises lay ahead? I still don't like that they didn't give us a 2016 projection.
We'll see who's right, but opinion should be backed up by fact. if you're a shareholder, I hope you're right for your sake. If you're not, get back to work posting more stuff for the company.
After digesting the third quarter results, I am convinced that the new management team is much better than the old. Posts on this board would have led to the opposite conclusion, but they were mostly made by the haters.
First off, a significantly positive cash flow in this quarter without the assistance of tax refunds is expected. This is a circumstance made possible by progress payments on some contracts, and which appeared to be completely beyond the capability of previous management.
I'm also impressed with the cost cutting measures and their results put in place by the new management.
I suggest reading the transcript of the conference call:
I think there is little doubt that the new management is superior. In fact, they may be able keep this company from performing good for a while, then bad, and turn it into a real growth company.
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.
Want a stock with decent upside potential? Check out FBEC. They have a hemp infused energy drink that could really change the game.
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