Wed, Oct 1, 2014, 2:22 AM EDT - U.S. Markets open in 7 hrs 8 mins

Recent

% | $
Quotes you view appear here for quick access.

Alliant Techsystems Inc. Message Board

  • sgjg_2000 sgjg_2000 Aug 4, 2014 4:25 PM Flag

    Downgrade is starting before warnings.

    Best to hold and ride this out. Not much left to do but sit tight. Storm is over head for ATK.

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • RBC was the downgrade and I sure would like to see the report that moved their price target down from 170 to 155. On the same day JPM issued an overweight so it may be the good cop bad cop thing. Zacks had a neutral on 6/27 but now have a buy on them. But ATK has a contract win for every month of the year, 28% increase in per share in earnings, increased revs by 19% so what's not to like? The spin off or acquisition? They have reiterated guidance.

      Sentiment: Strong Buy

      • 1 Reply to faqawee
      • Frankly, these prices (ORB and ATK). Are starting to make sense. The one thing that I hope someone could explain is the expected PE multiple for the Sporting spinoff. The new aerospace/ defense company, OA, should have earnings of roughly 4 per share and 60mil shares outstanding. At a 15 multiple that company would have a price of around 60. Pre merger ,ORB would be priced around 26.70. It is now at 26. The 4 per share earnings would come from ...1.20 ORB and 2.80 ATK ( It is projected to earn about 5..75 pre merger, but that is based on a 30mil share count).
        So currently ATK is priced at 130. If one were to subtract the OA portion , the Sporting spinoff would be valued at 70. With earnings at 5.75 per share, that yields about a 12 PE. Does that sound right? Am I missing something in this analysis?

 
ATK
127.64-1.47(-1.14%)Sep 30 4:04 PMEDT

Trending Tickers

i
Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.
Civeo Corporation
NYSETue, Sep 30, 2014 4:04 PM EDT
Sarepta Therapeutics, Inc.
NasdaqGSTue, Sep 30, 2014 4:15 PM EDT