==When does Mr. Market stand up and take notice?==
Unfortunately, the market has already "noticed" KTOS and has gotten agita. This stock rallies if at least one of these happens:
- Quality management is installed
- KTOS starts to generate FCF that meaningfully exceeds its Interest Expense. By implication, that suggests that KTOS learns how to generate PROFITS - something which has eluded the company throughout DUH'Marco's reign.
I'm not an idealist by nature. Meine frau would call me a pessimist BUT maybe EDM has finally put together his vision of what a successful, impervious to sequestration, (perhaps a bit dramatic and unrealistic) defense contractor might be. The reason I bought this was, after reading Englander's article in Barrons, that they are involved in the most high tech, necessary, (cybersecurity, drones etc...) defense equipment in an increasingly hostile world. I will concede that the chart is a TRAGEDY but maybe this beast that EDM created is the one that prospers.