I think insiders are slowly acquiring ASTC stock, hence no hyping of the stock. An ethical and effective method to make some real money. I continue to be a buyer.
Sentiment: Buy
ASTROTECH REPORTS THIRD QUARTER 2013 FINANCIAL RESULTS
GAAP results: net loss of $ 0.1 million (attributable to Astrotech Corporation), on revenue of $4.6 million, or $(0.01) per diluted share for the quarter ended March 31, 2013.
EBITDA of $0.3 million for the quarter ended March 31, 2013.
Astrotech Space Operations (“ASO”), the Company’s core business, supported two missions which launched in the third quarter 2013: NASA’s Landsat Data Continuity Mission (LDCM) and NASA’s Tracking and Data Relay Satellite (TDRS-K).
1st Detect received over $0.3 million in collaborative R&D funding from partners and customers.
Austin, Texas, May 15, 2013 – Astrotech Corporation (NASDAQ: ASTC), a leading provider of commercial aerospace services, today announced financial results for its fiscal year 2013 third quarter ended March 31, 2013.
“Similar to many organizations which develop and support long term contracts with federal agencies, we are experiencing and managing through an elongated mission schedule in fiscal 2013. As a result, we are focused on delivering solid gross margins from our in house missions while controlling our operating costs,” said Carlisle Kirkpatrick, Chief Financial Officer of Astrotech. “We continue to collaborate with key customers to develop long term relationships that ensure ASO is competitive when future initiatives are funded. I am pleased that we were able to build for the future, adding the previously announced NASA OCO-2 and NASA SMAP contracts to our backlog. I am also encouraged by our progress within Spacetech, and specifically, 1st Detect. Year to date we have received over $0.8 million in collaborative R&D funding from several key partners and customers. Our OEM-1000 unit is in evaluation testing under a number of different customer requirements. Our success with these evaluations will drive our future strategy and success.
Sentiment: Buy
started* means what?
Sentiment: Hold
Previous news suggested the quarterly Earnings release would be on May 7th. I am guessing earnings have increased.
Sentiment: Hold
Does anybody get level two quotes to see how many shares of stock are really available. I get the impression that if you wanted 100,000 shares all at once you would pay $1.10 or more. Thoughts.
Sentiment: Hold
The votes against Pickens suggest that he is on notice to maintain ethics and integrity in his business dealings. Pickens and the present management team have a great business plan and are proceeding in building value in the corporation. A buy out would cost a minimum of $3 per share.
Sentiment: Hold
News of this Annual Meeting of Shareholders on April 26, 2013 will probably be announced on May 7th, 2013 along with the corporation's latest quarterly earnings. In the past Astrotech has waited a week to reveal the results of an annual meeting. See this previous news release:
AUSTIN, Texas, April 26, 2011 (GLOBE NEWSWIRE) -- Astrotech Corporation (ASTC), a leading provider of commercial aerospace services, today announced the results of the Company's Annual Meeting of Shareholders held on April 20, 2011.
Sentiment: Hold
No real trading of shares going on with a wide spread. Need information from annual meeting. Is John Porter there????
Sentiment: Hold
Friday should be big news day! I notice short selling has not increased so guess the share price is going up.
Of course, share price goes up a lot faster if a shortseller has to meet a margin call.
Sentiment: Hold
This would appear to be institutional or mutual fund investors. That's good for ASTC. The potential of the stock price doubling or tripling is increasing as shares are removed from the float.
Sentiment: Hold
Yes, appears to be another buyer. More certainly will be revealed at the annual meeting.
Sentiment: Hold
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(Astrotech Corp is mentioned here!! Its nice he thinks it may double)
The Boeing Company, together with its subsidiaries, engages in the design, development, manufacture, sale, and support of commercial jetliners, military aircraft, satellites, missile defense, human space flight, and launch systems and services worldwide. Boeing has a market cap of $65.2 billion and is part of the industrial goods sector. The company has a P/E ratio of 16.9, below the S&P 500 P/E ratio of 17.7. Shares are up 16.7% year to date as of the close of trading on Friday.
TheStreet Ratings rates Boeing as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations and solid stock price performance. We feel these strengths outweigh the fact that the company has had sub par growth in net income.
■You can view the full Boeing Ratings Report.
On the positive front, Aerosonic Corporation (AIM), down 59.8%, Astrotech Corporation (ASTC), up 12.0%, Innovative Solutions and Support (ISSC), down 7.8% and CPI Aerostructures (CVU), down 4.5% , were all gainers within the aerospace/defense industry with Triumph Group (TGI) being today's featured aerospace/defense industry leader.
■Use our aerospace/defense section to find industry-relevant news.
■Or find some new ideas from our top rated stocks lists.
For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the aerospace/defense industry could consider iShares DJ US Aerospace & Def Idx (ITA) while those bearish on the aerospace/defense industry could consider ProShares Short Dow 30 (DOG).
Sentiment: Buy
Bigger players are showing up to buy larger blocks of stock before the annual shareholder meeting on April 26. 2013. Will they run up the price this week to make shareholders feel good about their investment or is really good news coming on Friday???????????????
Sentiment: Hold
Then why do you see a$1.50 per share book value. And expanding sales?
Sentiment: Hold
The Negative Hype on this board is obviously so some investors can pick up blocks of cheap shares and sell when good news is announced. Don't be foolish and give up shares cheap. Astrotech's book value is at least $1.50 per share, no matter what happens. I think Boone Pickens and Astrotech are being quiet before the annual shareholder meeting on April 26, 2013, because they are buying shares knowing that Astrotech shares are going up in the near future. Astrotech Corp has made great progress and put the right people in place to make the company profitable. Wall Street and the investors will reward that effort soon.
Sentiment: Hold
A new 50 million dollar contract over a 5 year period would mean an extra 5 million net per year and push ASTC into long term reoccurring profits and an elevated share price.
Sentiment: Hold
Pickens does not control the majority of votes. Institutions and the individual shareholders could prevail if it would be benefit the stock share price. Either way, it seems that somebody is picking up a lot of cheap shares to eventually control the company which has a liquidation value of $1.84 per share and a potential stock share price of $5.00 if they hit a big contract.
John Porter apparently said in his lawsuit that "Mr. Pickens has since caused the company to transfer an additional $6.5 million in company funds, representing nearly all of the company's profits, to the subsidiaries without even going to the trouble of drawing up the paperwork for a sham loan or seeking approval from the board (the 'unauthorized transfers'). Because of Mr. Pickens' significant ownership in the subsidiaries, the unauthorized transfers represented a clear conflict of interest on Mr. Pickens' part and required approval by an independent committee of the board." If this is true, Mr. Pickens and whoever else has personal equity in the subsidiary business units, needs to return that equity to Astrotech Corp. Otherwise the US Attorneys and the FBI may be contacted to investigate. Please be advised doing the right thing can save Mr. Pickens and the Board of Directors some serious trouble. Of course, if Mr. Pickens does the right thing, the stock price will rise, and shareholders will be happy. If he does not, he will pay the price the hard way, and the stock price will rise as well.
Sentiment: Hold
Astronaut Charity Seeks Gala Sponsors (Source: ASF)
With the star-studded 2013 U.S. Astronaut Hall of Fame Induction Gala coming to Kennedy Space Center on April 19, now is the time for corporations looking to expand their reach in the aerospace and commercial spaceflight industries to sign on as sponsors. The event, which supportsthe nonprofit Astronaut Scholarship Foundation’s (ASF) mission to aid the U.S. in retaining its world leadership in science, technology, engineering and mathematics (STEM) by providing scholarships to exceptional college students pursuing degrees in these fields, is a black-tie affair honoring astronauts Curt Brown, Eileen Collins and Bonnie Dunbar.
As partners in this astronaut-endorsed venture, all sponsors receive benefits including but not limited to company recognition before and during the event, as well astickets to the gala, which includes a reception and gourmet four-course dining experience under a restored Saturn V rocket. Sponsors also enjoy ample opportunity to interact with astronauts, community leaders and aerospace industry influencers. (3/14)
Sentiment: Hold
Astrotech Corp (NASDAQ:ASTC) - Astrotech Corporation operates as a commercial aerospace company in the United States. The company offers spacecraft support services for government and commercial customers to process complex communication, earth observation, and deep space satellites in preparation for their launch of various launch vehicles. Its processing activities consist of satellite ground transportation; pre-launch hardware integration and testing; satellite encapsulation, fueling, launch pad delivery; and communication linked launch control. The company also builds space hardware; designs, builds, and operates spacecraft processing equipment and facilities; provides services, such as designing, building, and testing service equipment for servicing spacecraft; and commercialize products processed in the microgravity environment, as well as engineering services. In addition, it designs, manufactures, and sells miniature mass spectrometer, a chemical analyzer that provides rapid analysis of residues and vapors from a range of chemicals, including explosives, chemical warfare agents, toxic chemicals, and volatile organic compounds. Its miniature mass spectrometer equipment has applications in various markets, such as security and defense, industrial processing, healthcare and diagnostics, environment testing, and research. Astrotech Corporation was founded in 1984 is headquartered in Austin, Texas..
Sentiment: Hold