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American Science & Engineering Inc. Message Board

  • bollo_rollo bollo_rollo Sep 18, 2012 11:20 PM Flag

    Uh Oh Suckers, looks like you got bagged

    Wonder why management hasn't done a press release? Odd isn't it? Maybe this has something to do with it:

    • ASEI has been "awarded" a $245 million, five-year IDIQ for body scanners to the TSA.
    • L-3 and OSI Systems are currently delivering on this contract.
    • ASEI has not been certified for the scanner and therefore cannot deliver on the contract.
    The TSA announced an award to ASEI last night for body scanners. The $245 million five-year IDIQ is very misleading for a
    variety of reasons:
    1) ASEI has not received certification from the TSA for its body scanners and therefore will not get any sizable order from the TSA until certification is completed (the company has been trying to get certified for two years).
    2) There are two other companies that have been producing on the $245 million IDIQ for the last 3 years (OSI Systems - OSIS, and L-3 -
    LLL). Approximately half of the $245 million IDIQ has already been awarded to OSIS and LLL.
    3) The TSA plans to primarily deploy the body scanners of LLL going forward.

    Sentiment: Strong Sell

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    • Ok shortie just check the headlines - besides the $245m of which they are part of, they have recently rec'd contracts for:
      8/27/12 $34.4m
      8/28/12 $8.2m
      9/4/12 $2.5m
      9/12/12 $19.9m
      The headlines names the Company awarding and the specs of the deals. If you follow this company these contracts are often and common. With recent terrorist issues ASEI is a go. They have a very low float of only 8.3m shares; nice cash position; very low debt; and a 3% dividend at current price.
      With only 8m shares easy to see why wide ups and downs. %5 is short - needs more shorts -how about it rollo bollo, short somemore!

      Sentiment: Hold

      • 1 Reply to lastcavalier_2000
      • I don't think this is the same one announced on Sept 12 because the amounts are different...

        American Science and Engineering Inc., Billerica, Mass., was awarded a $20,799,851 firm-fixed-price contract. The award will provide for the contractor logistic support services to the Government of Iraq. Work will be performed in Iraq, with an estimated completion date of Sept. 9, 2013. One bid was solicited, with one bid received. The U.S. Army Contracting Command, Aberdeen Proving Ground, Md., is the contracting activity (W911SR-12-C-0058).

    • Ok shortie just check the headlines - besides the $245m of which they are part of, they have recently rec'd contracts for:
      8/27/12 $34.4m
      8/28/12 $8.2m
      9/4/12 $2.5m
      9/12/12 $19.9m
      The headlines names the Company awarding and the specs of the deals. If you follow this company these contracts are often and common. With recent terrorist issues ASEI is a go. They have a very low float of only 8.3m shares; nice cash position; very low debt; and a 3% dividend at current price.
      With only 8m shares easy to see why wide ups and downs. %5 is short - needs more shorts -how about it rollo bollo, short somemore!

      Sentiment: Hold

    • Your post reads like a legit research report but I'm skeptical because I have a proprietary report authored by an analyst with facts that you've clearly left out.

      1. My analyst has spoken with ASEI Mgt and discussed the specific award.

      2. No where in the report is a lack of certification mentioned. We all know that ASEI has been trying to get their scanner certified with the TSA for well over 3 years now. I'm sure the matter would have come up if it where an issue.

      3. ASEI's scanner is unlike the devices offered by OSIS, LLL and Smith's. Their footprint is much smaller. But more importantly they require NO HUMAN OPERATOR to view images which was the source of privacy concerns for the public. Threats are detected auotmatically and a cartoon is provided to the agents with the area of threat circled.

      4. Backscatter scanners sold to Manchester (UK) airport by competitor OSIS, are being abandoned after failing to get the required permissions and approvals from the European Commission during the available three-year time period.

      5. AS&E cannot release information to the press or in advertising without approval from a TSA contracting officer without at least five business days notice.

      So it appears you have your research and I have mine.

 
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