7.64 oil spending is going to prehistoric times but road and bridge spending is not IMO. Hopefully next qtr. is a profitable one. MNTX made their leverage bets on acquisitions. I'm betting long term they pay off. Even Terex, Grove, Pettibone, Bucyrus-Erie, Harnischfeger filed bankruptcy before. Yeah I even bought Harnischfeger while in chapter 11.
17% increase, driven by higher shipments to Government/Defense customers. Defense on the mend, It's a start and you have to start somewhere. Back in Black ink.
Ultralife understands that new radios and waveforms are reshaping battlefield communications.
Due to the overwhelming requests to Ultralife from current A-320 users to add SRW and ANW2™ capabilities, Ultralife has established a program that will upgrade existing A-320 amplifiers to the (new) A-320V3.
Harris received another Falcon order, HRS will soon to be buying Exelis and their radio business. They both need LI batteries and chargers. Sure would be nice to see ULBI get some military orders. That's what put this company on the map many many years ago.
ROCHESTER, N.Y.--(BUSINESS WIRE)--
Harris Corporation (HRS) has received a $16 million order from a NATO nation for both wideband and high-frequency (HF) radios from the company’s Falcon® line of tactical radios.
Will the company even be around long enough for options to vest? I'm guessing they vest automatically in change of control/takeover.
Stock Option (Right to Buy) $4.1 03/20/2015 A 416,145
1. This option was granted in a transaction exempt under Rule 16b-3 and vests 25% on 3/20/16, 3/20/17, 3/20/18 and 3/20/19.
ROCHESTER, N.Y.--(BUSINESS WIRE)--
Harris Corporation (HRS) has received a $47 million order for wideband radio systems from a nation in the Middle East as part of its continuing tactical communications modernization program.
They also approved a $30 million takeover of the 12-year of Brisbane coffee roaster Di Bella. Now they they own the chain just maybe in time they will want a US roaster?
I'm in for some shares. What you say is correct. However I think the dividend will be maintained and buybacks will help support the stock price. I also think this company might be sold before they can find a permanent CEO.
I liked the qtr. FWIW I'm adding in here. Tow truck are in demand in this crazy weather this year. Maybe a non repeat gov't order, but overseas looks very favorable.
Sentiment: Strong Buy
snip“Employment growth in the United States, a stimulus for construction activity, is at its highest rate since 2006. Texas leads the nation in job growth, with widespread gains across many industry sectors, including trade, professional business services, leisure and hospitality, education and health services. Additionally, the Texas Department of Transportation is operating with a robust budget and project backlog. Further, voters in Texas recently approved Proposition 1, a constitutional amendment authorizing annual disbursements from the state’s existing oil and gas production tax collections to the State Highway Fund, including an additional $1.7 billion in 2015.
That's what you would want. The big question is what does Paul Travers want and when does he want to monetize it for himself and shareholders. I have a feeling you know yourself a quick buyout would be a pittance to a long term hold with major sales and earnings growth. The only thing is, for that to happen more capital need for growth. The company would most likely have to issue more stock under a higher stable stock price with good market conditions.
Paul knows fashion for the mass market is big in marketing (Rochester Optical) . Who besides gamers and geeks in the masses wants that big doughnut wrapped around your face from Occulus?
You must have saw this?
Intel Set to Acquire Lantiq for Connected Home Networking.
Snip- Last December, Intel said that it expects there to be 50 billion IoT devices in the market by 2020, 400 million of which will be wearables.
The company is exploring the wearable side of IoT also, especially with the recent $24.8 million investment in wearable technology firm, Vuzix.
Basically it's over unless Cavco takes it directly to shareholders (hostile) with a much better offer than 4 and change.
Joseph Stegmayer, Chairman, President and Chief Executive Officer said, "The Cavco team is pleased with the results this quarter, which improved mainly from an 8.1% growth in homes sold by our factory-built housing segment versus the same period last year. In addition, the financial services segment of our business recorded a 10.5% increase in net revenue from higher home loan and insurance policy sales volume compared to last year's third fiscal quarter."
"Another achievement for Cavco this quarter was to be recognized as thirteenth on Forbes(R) Magazine's list of America's Best Small Companies 2014.
Wall street likes the big HRS merger with XLS. ULBI needs some pulse in defense business. Meanwhile medial and consumer keeps the company breathing.
I believe Cavco offered 4.50. They gave away the RV unit for a pittance, and to a friend. This when low gas prices might revive the industry. Not that I wasn't for selling the unit. I was, but not at the price they did. I'll stay because I'll think they might stay cash flow positive going forward. If they can ever get back to profitability. They should be able to shelter any earning from tax loss carry-forwards. There is some sales grow , but I don't know if it's sustainable.