(A Top Pick July 10/07. Down 53%.) Electronic jammers to prevent roadside bombs. Sold his holdings but recently repurchased because of their next generation products coming out in June. Cheap.
Roadside bomb detectors. On what he thinks they are going to generate on an earnings to cash flow basis, the stock is trading on single-digit multiples at about 4X cash flow. They have the cash but it's under the radar screen.
Produce jammers for roadside bombs. Have won a lot of contracts but haven't received the purchase orders, which is why the stock has come down. Latest quarter was a bit weak. Revenue that had been expected in 08 will probably come in 09. Trading at around 7X earnings. Will double earnings from 08 to 09. Reducing debt.
Electronic counter measures for jamming explosives. Pull back was due to multi vendors supplying the military. Just won contracts with General Dynamics (GD-N) and the UK. Cheap on a valuation basis. Risk on the downside is pretty good.
Sold his holdings but thinks there’s a real company in there but we’re in a market that is treating small caps like they are all going to go bankrupt. Can’t see a lot of downside at this point but it may take a long time.
(A Top Pick Nov 7/07. Down 97.6%.) Bomb jamming equipment. The product is desperately needed but unable to get long-term contracts out of the US. Profitable and a reasonable backlog
This would probably make a good case study for the Canadian securities course. When you hear a compelling story, beware. When a story is too good to be true, it probably is.
Your Watchlist
Add stocks to watchlist to monitor them daily and get important alerts.