...is by making money, not by authorizing a buyback.
Cut SG&A and use that to buy back the stock and then you'd see a more positive reaction from investors.
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Maybe you should try CD's, :-) instead of stocks, that's probable more your speed. If you skate to where the #$%$ is, you're not a very smart hockey player.
Ok chief, put away your pom poms... My concerns will be addressed when I see an increase in revenue and a decrease in SG&A...
This company hasn't had a major new product intro in 6 years and revenue is basically flat over that time, yet SG&A and R&D is up significantly. I'm not sure where this cash is going but I'd like to see more fruit from that R&D investment than a crashed MALE aircraft and another in storage. Not sure why incentive comp would go up given that kind of (ahem) "performance". In my opinion this company should be generating at least 20 mil a year in net income at current revenue levels. An activist investor would be a welcome addition to the family...
There not AMZN or GOOG. AMZN is already known to be building its air force. And GOOG has free rein at a classified air force location, that they manage for the air force, and are testing their drones.
If I was AMZN or GOOG, and wanted to build a delivery air force to compete with UPS/FDX, to go after their combined 100 billion in revenue, a billion dollars to buy AVAV would be chump change.
There is something wrong with this company......hardly any significant movement in 8 years.....NO debt...Current ratio much better than normal...margins should be better..... On the cutting edge of products in demand!
Bleeding money somewhere.....
According to the article, AVAV is working with Duke. Utilities would be a great customer/application.
Google article title if interested, "Drones are taking flight for Duke Energy"
And, AVAV has approx. $10 in CASH per share on the balance sheet, with no debt. Add in existing gov. contracts, IP, hot market segment (which is only going to get hotter..UAV's) and this has to be one of the best bargains around.
personally I think the CEO is understating estimates but I'm not sure why as drone business is on fire
Remember, they paid $775 million (in cash) for Kiva, and it had just over one hundred million in revenue.