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American Science & Engineering Inc. Message Board

  • 5par 5par Sep 5, 2006 9:44 AM Flag

    Morgan Keegan....UNDERPERFORM

    ASEI will again report a huge miss this qtr (3 in a row). NOT GOOD.

    <<<NEW YORK, September 5 - Analysts at Morgan Keegan maintain their "underperform" rating on American Science & Engineering Inc (ASEI.NAS).

    In a research note published this morning, the analysts mention that according to the Defense Industry Daily, American Science & Engineering has received a service contract worth $46.5 million for ZBV systems. The revenues associated with the contract are expected to be offset by revenue erosion related to the continued deterioration in the company's shippable backlog trends, the analysts add.>>>

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    • Agreed. Although a Mil./ea will really eat up a budget. Aren't the Chinese buying a "basic" model & installing in their own vans?

    • and apparently VERY INEFFECTIVE. Just look at the daily bombings in Iraq where most of the ZBVs have been deployed. Safer? Nope.

      $600k+ for a van that only promotes the "hit them where they ain't" mentality.

      Protection over detection. That is what the folks in Iraq need.

      ZBV sales are declining for a real reason. Without that, ASEI is back to a $20 stock.

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