Post by
miltechguy on Oct 01, 2010 4:23pm
Reality Check
I love reading posts from this tanman and OSIguy - they have such a rosy-tinted view of this company and its management that you could almost think they worked for them....or maybe they are them LOL. Lets stop getting all excited over a 12% gain in the last whenever and `there must be something big coming down`. The reality is that since the latest CEO took over, the share price has plummeted. It was well over a dollar and now its ).35. That is nothing to be proud of.
Secondly, they have added no significant new customers in the last 4 years. The Royal Navy is getting 7 submarine systems - great, but not a big sale. OSI aren`t doing the integration, which is where the money is. Also, when the Type 23s are retired, do you think the Navy will throw them away...NO. They will get Lockheed Martin to re-integate them into newer ships. This guy, KK or whatever his name is, has added no new business and only got some reasonable income this year by selling a potentially good piece of the business at a huge discount. Now that REALLY takes brains LMAO.
Well, apparently the 3rd quarter figures are out soon and it will be a joy to see what tanman and OSIGuy make of them.
Comment by
rjp4profit on Oct 01, 2010 4:38pm
As usual, this guy`s post is spot on. The pumpers seem to have forgotten this was once above a dollar and not at the pathetic level it is now. I note that the Chairman and CEO did a nice buy at 0.10 and gave themselves some options at well below the current SP, so they are quite OK.....which is nice to see.