Allen-Vanguard Corp. (VRS.TO) Buy, Sell or Hold

Allen-Vanguard Corp. (VRS.TO)

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3 watching

DON'T BUY

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.

PAST TOP PICK

(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

SELL

(Market Call Minute.) Badly beaten up.

DON'T BUY

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.

PAST TOP PICK

(A Top Pick July 26/07. Down 62%.) Electronic jammer to offset roadside bombs. New contracts have been added and new ones expected.

BUY

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.

TOP PICK

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.

COMMENT

When you look at the earnings, this looks really cheap. Doesn't own it, but thinks he should revisit it.

TOP PICK

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.

PAST TOP PICK

(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.

DON'T BUY

Had a big down day in December, which really spooks him. Today's action does not look good. Dropping down to $3 or $2.50 would not surprise him.

WATCH

They make jammers for roadside bombs. Has pulled back because of concerns about one of their contracts. Earnings expected to go from $.14 of Sept/07 to $.69 in Seopt/08, which is a PE of about 6X. Ranks near the bottom 3rd of his database. Company is looking to leapfrog technology in the next 6 months. Company has guided to large sales in 08. Stock must hold at the $4 level before you buy.

TOP PICK

Made a big acquisition last fall, which essentially will more than double the company. They are guiding up $160 million of EBITDA. Trading at around 5X earnings and is extremely cheap. There are only 2 players.

BUY

(Market Call Minute.)

DON'T BUY

Had some significant top line growth, but had some significant write offs relating to the acquisition they did. They are hinging a lot of their business on some major US contracts. At this price, it is worth watching.

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Allen-Vanguard Corp. (VRS.TO) Frequently Asked Questions

What is Allen-Vanguard Corp. stock symbol?

Allen-Vanguard Corp. is a OTC stock, trading under the symbol VRS.TO (previously VRS-T on Stockchase) on the undefined (undefined). It is usually referred to as or VRS.TO

Is Allen-Vanguard Corp. a buy or a sell?

In the last year, no analyst issued a Buy, Sell, or Hold rating on VRS.TO (previously VRS-T on Stockchase) on Stockchase. Read the latest expert commentary for Allen-Vanguard Corp..

Is Allen-Vanguard Corp. a good investment or a top pick?

Allen-Vanguard Corp. was recommended as a Top Pick by Bill Carrigan on 2009-07-02. Read the latest stock experts ratings for Allen-Vanguard Corp..

Why is Allen-Vanguard Corp. stock dropping?

Earnings reports or recent company news can cause the stock price to drop. Read stock experts' recommendations for Allen-Vanguard Corp..

Is Allen-Vanguard Corp. worth watching?

Allen-Vanguard Corp. is covered by Stockchase experts and is worth watching.

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Allen-Vanguard Corp. (VRS.TO)