I'm anticipating a Summer and Fall full of anti-gun articles with Hillary as the Democratic nominee. California, as usual, leads the way with its denial of concealed carry rights. $30 stock price by election time.
JASO's stock price action shows no belief or interest in a possible buyout. JASO will have to build upon its own merits, which is hard to do with solars being out of favor at the moment. Meanwhile it's a good time to pick up some shares at such a reduced price.
Just noticed a Popular Mechanics article about the ongoing handgun selection process. with my apologies if this is old news to you......
Currently there are twelve bidders, which include the Beretta APX, CZ P-09, Glock's 17 & 19, Sig Sauer P320, FN Herstal's Five-Seven Mk 2, S&W's entry, and several others.
Calibers being considered are the 9mm, .40 S&W and FN's 5.7mm. The 5.7mm I did not know about. The .45 is being disregarded due to recoil concerns.
Three semifinalist will be chosen in August. 2016, followed by a 9 month evaluation period. The winner will then be picked and a 13 month low production period will follow for further in field evaluation.
Again much of this is new to me, especially the part about the 5.7mm caliber consideration. I'm sure the timeline will stretch out even further than what's been posted.
I agree with your feelings about the Beretta 92, it gets the job done and has a good reliability record. Military and LE purchases will be high volume/low margin numbers but better margins will be made on replacement parts and accessories. The civilian market will certainly be strong for the contract winner, along with much higher margins S&W's products and Gen. Dynamics ties make them the strongest candidate. Add in the Hillary affect I think the next 12 months will be strong for S&W.
Still I think the government $$ would be better spent on primary long arm development than replacing the Beretta. Better yet the Model 1911 was doing a great job for a 100+ year old design imo.
Looks like more pain ahead. Should be some great buying opportunities in the weeks to come. The dividend will attract more interest from value investors.
Stock starting to climb with higher volume too. Nice six per cent dividend and a possible dividend increase next quarter makes this a much safer play than many other solars. In general CAFD maybe a good long term hold........