ORB continues to baffle me. Price down when I guess it should go up, and visa versa. Well, most of the time anyways.
Good news... Jeffries raised price target to 21, Hylas2 sat is up and running,Dawn is on its way to Ceres,and a successful launch of a target vehicle for MIssle Defense program....
Bad news.... In the Jeffries note when raising the price target,they lowered their 2012 EPS target to .95-1.00 based on ( grrrrr) a delay in the launch pad turnover from Wallops to ORB. I read six weeks, but I am not sure from when. Six weeks from the last estimate would be mid Sep.Six weeks from today is after the next earnings release ( where they can make another excuse?). I am annoyed at this all in that when looking back on the Antares updates this all should have happened two years ago!
On another front , the Loral Space/MDA merger is being questioned again by the DOJ. In more than 60 % of these second requests the deal falls through. Maybe if things do not work out ORB might be a player again?