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VSE Corp. Message Board

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  • rrtzrealmd rrtzrealmd May 24, 2012 10:24 AM Flag

    Value assessment?

    ...uhhhh -- no, not really...the company makes oodles of money on the services they already provide...and they've had big contracts that have made big money in the past...unfortunately, practically none of it seems to reach shareholders in the form of real equity or dividends...shareholders just find themselves holding more goodwill, more intangibles, and more debt...what is it about this particular contract that will alter those circumstances?

    ...indeed, compare the current 10Q with one from five YEARS ago when the comapny had $5 a share in cash, almost $20 a share that was in REAL assets -- minimal goodwill, intangibles, NO debt, and paid 28 cents a share in dividends (versus the current 32 cents):

    http://www.sec.gov/Archives/edgar/data/102752/000010275207000015/vse10q307.txt

    ...sorry, but from a potential investor's point of view, the difference between now and then simply don't translate into a company I would want to own big contract or not...

 
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