Actually my comment to truthteller was about the high stock price, not your original post. As far as some buyers buying the stock, I would just say it also means that some sellers are selling the stock. Please keep me out of your conversations. I believe that you are not very intelligent and not worth much effort.
Actually, the $14.77 number is correct. That was the premarket high on the morning of the misleading Seaport-e press release. Some of those "nervous shorts" made a few million dollars that day.
Why is it good news that lots of retail investors who bought in at $7.00, $8.00, $9.00+ (in spite of the warnings of EDM) expecting the predicted fast leap to $13.00 have now bailed and sold out their positions for $5.00? Do you think that Kratos has somehow transformed itself since you have now bought shares? Why exactly are you pumping and who are you trying to influence? Are you seeking Pic's daily validation for your purchase? Do you even understand the seasonality of military orders that you seem so enamored with? Is this your first Rodeo?
Do day trading boiler rooms hire some out-of-work flunkies to post comments here?
All you've got to do is buy a bunch of companies that total $1.4B in sales to start.
Down 3.5% and the selling pressure is less than the buying pressure. I be needing to go back for some more schoolin' because I sure missed that relationship.
Junk bond yields signify a high default risk. There are few tangible assets to collateralize the bonds, and the bankers/Moody's/Sun Trust are well aware of the condition of the company. Their covenants are likely coming more and more into play as equity decreases and leverage increases.
The bond issue was $625MM with a $100MM bank LOC. You may be right or you may be wrong in your assumption that the stock price has bottomed out. At the last earnings call, the CEO announced that they had retained an outside firm to consider possible divestitures, and trying to quantify what that means has impacted the current share price and bond yields in my opinion. A review of operational cash flow and an understanding of the increasingly competitive Post 9/11 A/D marketplace means that Kratos is more likely to just tread water and make their note payments instead of having "cash pile up on the balance sheet" as one Analyst predicted.
With all that said, I do think that it is an attractive yield if it fits into your portfolio and you don't overweight your risk profile.
What I typed was that entry at under $5 this year is better than entry at over $20 many years ago.
I see a continuing 15-18 months of GAAP losses and difficulties in integrating their acquisitions. Cash flow problems will drive divestiture or a dillutive stock offering. Afterwards, I see a return to profitability and a slow reduction in outstanding debt. The company needs to complete its asset rationalization programs, write off $130MM of worthless Goodwill, revamp the BOD, and eliminate many of the poison pill provisions to become a viable acquisition target. If the company is not acquired by mid 2016, it will likely desire to move into another round of acquisitions or peer sized merger itself.
Entry at the $20 range many years ago. The appropriate valuation of this company has been obfuscated for many years by hype and the difficulty of analyzing acquisitions. Some on this board, including myself, are not surprised by the lower current share price.
I have no idea what an ex-company is or where you saw me post such a statement. You enjoy your weekend as well.
You have adequately expressed your displeasure with PSS management numerous times, so unless you hope to reach the very few new readers, your repetition of the same message does not seem to be that useful. Don't worry about my motivations and I won't worry about your motivations. If one of your primary complaints of Kratos' Corporate Management is the micromanagement of the PSS Division, are you contending that they do not micromanage the Government Group the same? What mission do you envision for Kratos' target drones in actual combat situations?
Single person trans-continental express with nil service for very brave and rich travelers without baggage.