imho, its always been there. Spinoff news should have shown interest as well as ITT shareholders/fund managers either off loading or absorbing shares. At spinoff time, between $10-$11 and then below $9 in 12/11. From what I recall from their newswire releases, lots of civilian and military contracts and maybe with the middle east turmoil, whatever they make in their missile division has more value today. I guess we will find out more when they report earnings. Also, a peek into what insiders are doing might provide some insight.
It would be nice to be at $20, if the numbers are there. I'm waiting for earnings. GL