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Orbital Sciences Corp. Message Board

  • wright.tom64 wright.tom64 Jan 29, 2013 9:37 AM Flag

    Successful missle target launch and upgrade

    Yet the stock drops about 50 cents over the past two days. I do not get it.

    Sentiment: Hold

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    • Hi Tom.....probably some profit taking in that the stock is up from the low to mid12s just a few months back. There are quite a few upcoming events which should take us out of these doldrums over the next few weeks alone. Two more satelittes going up between now and mid Feb. the long awaited hot fire test on the launch pad should be very soon ( really!). Finally, year end earnings report, which should be decent again. I fear making predictions,because I have been so often wrong about ORB, but I suspect if all that goes well we should at least be through 52 week highs, and somewhere in the 16-17 range leading up to the risk reduction launch of the Antares sometime in March. I do not see any real breakthroughs until ORB has successfully completed the Cots portion of the ISS contract with NASA, and begins the CRS. At that point ,I suspect the new contracts will be flowing in. Keep your fingers crossed.....

      Sentiment: Buy