When people start finding out about this stock will be when the complete the 1B acquisition, then we'll see funds come in and drive this up to 120+ because there will be nobody selling.
ADSU was just upgraded to a $2 price target by Everest Stock Market Research, add this one to your watch lists immediately we could see huge gains tomorrow morning. The last alert they put a price target on went up over 3000% same day!
Search for "SEC Live Filings Digest" to find out more.
Filing in Focus: Alliant Techsystems Inc. 8-K, November 4, 2013
Alliant Techsystems Inc. (ATK) just announced it completed the acquisition of Bushnell Group Holdings Inc. in a $985M cash purchase on November 1, 2013. The initiation of the deal started in September when the companies announced the agreement. ATK will integrate Bushnell into its Sporting Group, increasing its accessories business. The Bushnell acquisition is expected to dilute ATK earnings per share this year but projects accretive earnings per share beginning in fiscal 2014. With the addition of Bushnell, the ATK Sporting Group will earn roughly 45% of the company’s revenue. ATK President and CEO Mark DeYoung commented that the Bushnell acquisition and first-quarter acquisition of Savage Sports will improve the diversity and depth of ATK’s offerings.
..They also make just about everything that goes into space, from solar arrays to mars rovers, they have something to do with it all. This company covers so many divisions and is so well placed for future growth it has to keep growing. Remember too, MOST of the bullets ATK make are used in training our military.
Sentiment: Strong Buy