Wed, Jun 19, 2013, 3:27 AM EDT - U.S. Markets open in 6 hrs 3 mins
I note that the heavy selling prssure has abated.
Perhaps we've now entered the base-building phase before the next upward move.
Historically, that has taken months.
And that was also when 'prospects' were a lot brighter. The fact that volume has so quickly dried up, tells me the serious investors don't think this drop is done.
For whatever it's worth, I figure 2013 EPS at about a buck, with hope for another contract that would raise profits.
On the otherr hand, a slowdown in defense spending seems certain. But that's probably already factored into the price.
Hopefully, more commercial business is coming, which would offset the government decline and send EPS up in 2014 et seq.