Thu, Apr 24, 2014, 11:10 AM EDT - U.S. Markets close in 4 hrs 50 mins

Recent

% | $
Quotes you view appear here for quick access.

Orbital Sciences Corp. Message Board

SortNewest  |  Oldest  |  Highest Rated Expand all messages
  • Cash deployment...... A nice couple of words for a shareholder. Maybe something comes out of the meeting. Maybe that is what this nearly 10% increase over the past few days is about.. Not sure. As they have stated, without any action on their part , year end cash balance by year end would be nearly 450 mil, or 7 plus dollars per share. This of course assumes execution. I read that each 25mil in share buy back equates to .01 of EPS. They have mentioned a dividend, though I am unsure if they can with the recent debt restructuring covenants. That said , it was still a mention at the conference call, so I am assuming it is a possibility. M&A activity seems plausible, but I am unsure of whom or what they might be looking at. Any ideas?

    In the meantime, Space X launch pushes back ORB 2 mission to NET June 10.....

    Doc

    Sentiment: Strong Buy

  • Reply to

    Nice recovery

    by wright.tom64 Apr 17, 2014 10:11 AM

    Hi Tom....the conference call was all good ,save the Amazonas4 satelite issue. Even that seemed to be written off as "a one off " type of anomaly. The news of that first came out a few days ago, and well after the near 20% downward spiral in ORB stock price. I think the selloff was in part an adjustment as suggested by another poster, but also a concern that the supply of AJ26s was in jeopardy as the result of the unrest in the Ukraine. Thompson addressed that concern stating that engine supplies were secured through 2017. I think much of this rally is on that news. In the next couple of months ORB will decide on the new propulsion system for the Antares. I was surprised to hear that one was an American built system,while the other two were Russian rockets.he spoke a bit about integration of the system having some costs ,but no where near the initial costs of the Antares.the add on to the CRS 1 was pretty much as I expected ,with NASA probably needing to add on 4 or 5 flights for 2017 from both SpaceX and ORB. The big take away of course is CASH FLOW, which could amount to nearly 3/4 of a billion dollars ( before deployment) over the next 2-3 years. Thompson said they are working on that issue pretty hard and should have some plan shortly. There is still a chance that ORB 2 goes off in early May should SpaceX mission be delayed beyond Saturday. Next three months should be interesting for Orbital. Good execution should put Orbital stock price back on track for 30 something....fingers and toes crossed.

    Sentiment: Strong Buy

  • Would like to see a break above $28.96. Technical indicator at stoxline website shows a strong buy.

  • I can remember when a two cent miss, for whatever reason, would be a disaster for a stock as traders would rush to sell.

  • Reply to

    Good,Bad and the Ugly

    by mcrf52 Apr 17, 2014 6:42 AM

    The "correction" was probably due to a recent overall market drop hitting small to mid-cap Tech Companies hardest.

  • Reply to

    Good,Bad and the Ugly

    by mcrf52 Apr 17, 2014 6:42 AM

    Good morning doc. What was the issue with the last satellite? I wonder if the decline in price from the 28 level was a result of that in part. We had about a 15% correction for no seemingly good reason.

    Sentiment: Hold

  • Well, cash flow was positive ,increasing 87 million to 350 million.very big number at almost 6 per share. Eps was 23 cents vs estimate of 25 on lower revenues. The top and bottom line misses are almost entirely related to an anomaly on the last satelitte Orbital built and was launched. The company is working the issue ,but felt that taking the hit this quarter was appropriate. Revenues were reduced by 13 .8 million and operating income 6.4 million. The company expects insurance recovery as early as next quarter. Orbital affirms guidance for FY 14 ,but increased cash flow projection center point by 10 mil......

    Sentiment: Strong Buy

  • The thing is , this price drop makes sense. Orbital is in part a launch company,with the biggest most exciting market driver being the Antares. Hopefully on Thursday we find out something about the existing supplies of AJ26 engines, coming from the eastern part of the Ukranian ,as well as the status of the RD180 which is produced in Russia. The former engine is the current first stage rocket for the Antares, the latter, is the proposed first stage rocket for the Antares. While a month ago all looked good on this front, the situation going forward looks murky. Someone came on this site about three weeks ago ranting that Orbital was a sell as a result of the Turmoil in Russia/Ukranian. I also saw a rather large position in an out month puts at a strike of 22.50 that was curious given Orbital's upward price movement. The company has said to expect weak first half earnings,but strong (real strong) first half cash flow. Lots a bumps in the road ahead. Hope ,but doubt, further clarification at Conference Call...Good luck to longs...

    Sentiment: Strong Buy

  • May the force be with us! I agree that there are forces at work here, Russian engines and Market dumping the techs, that are overriding the generally good newsflow from ORB. All I can say is "Buy when everyone else is selling" or whatever Buffet said (not "Don't buy tech you can't understand). I am getting ready to back up the truck.

    Sentiment: Buy

  • I keep tapping my IPAD waiting for the correct price to be shown. Okay, The flu bug hi the family pretty big and I just got control of the device..tap,tap...still no positive price movement. It is pretty funny that ORB finally may get some exposure with the RD180 and that engine becomes part of the Cold War Part II .anyways...I feel more comfortable rating ORB a strong buy at these prices. Earnings in a couple of weeks, Looks like ORB2 to the ISS will be delayed until June. maybe we get lucky with some big news soon...

    Sentiment: Strong Buy

  • Worry not Clam. There is clearly some uncertainty with many stocks at the current time from drillers and explorers of oil to tech stocks and overseas shares are mirroring the trend. Could be the awaited for correction is finally taking hold.

    Sentiment: Hold

  • The Curse of the Clam calling for a breakout.

    Sentiment: Buy

  • Reply to

    Almost back to 27

    by wright.tom64 Apr 4, 2014 12:15 PM

    Hi Tom... Very lite volume ,so I would say no. While there is still Uncertainity for ORB going forward , these selloffs are more a buying opportunity. I would look for some late day buying today.

    Sentiment: Strong Buy

  • Does someone or some fund have an issue with ORB breaking through resistance? Almost seems like it as I was hoping for a confirmation of the breakout but that has not happened.

    Sentiment: Hold

  • Looks like you may get it today clam. 28.67 as I type this with half an hour to go.

  • Welcome the three Amigos....
    I need to correct this post a bit.It seems my head can no longer do simple math. The original CRS contract for Orbital and SpaceX expires in Dec of 2015. However, it appears that Orbital will only have completed either 5 or 6 of their missions,assuming all goes well, and they will be finished by Dec 2016. So they will require only one year for the 2017 extension. I am unsure about SpaceX ,which will would need to launch 10 Dragons between now and Dec 2016 to be one year short of the 2017 mark. I am going to assume that NASA will probably only need to use up to 1billion for another 2 to 3 flights for Orbital and maybe 1 or 2 for SpaceX to fill the 2017 gap.....Another small possibility is that either or both companies complete their up mass requirements in a timely fashion requiring the two year extension. I believe that after the May launch Orbital will have delivered over 8k of their 20k pounds of cargo contract,and will be adding a larger Cyngus up mass capability with the Fall 2014 launch.

    Sentiment: Strong Buy

  • Good news from NASA and good news from the market. ORB seems to want to breakthru resistance around $28.50 but can't quite do it. These things take time (consolidation). Maybe today we will do it just to prove me wrong again?

    Sentiment: Buy

  • Quite a late day turn around on the 1st. Early drop to almost 27 must have been an April Fool's joke.

  • Reply to

    another contract

    by dianedmk Apr 1, 2014 12:20 PM

    There is such a large news gap with Orbital. Frankly ,I read about this a few days ago. The thing is ,it is a small contract ,but important because it involves a Pegasus. The real news today is the extension of the CRS contract as reported by SpaceRef. I was hoping to get the fine details of the extension, but that seems to be lost here somehow. Maybe those details are still being worked on to be released at a later date.

    Sentiment: Strong Buy

  • for Pegasus rocket announced a little while ago.

    Sentiment: Strong Buy

ORB
27.60-0.13(-0.47%)11:10 AMEDT

Trending Tickers

i
Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.