> Is it Murphy, or is it deteriorating fundamentals?
A little of both. BTW, ask is now 5/8's (which Friday was the 52 week low). As of last quarter Book was 9/16's per share (current bid) and Cash was 50c per share. The only thing that gives me any hope is that Adaptive Solutuions continues to get contracts with big names (Northrop Grumman being the last). These are small contracts ($1 million over 18 months), but at least it appears that ADSO will be around for another 18 months (I was concerned about Chap 11 before this last deal). I'll stick this one in the corner for now, no reason to take a tax loss in June.
BTW, in the last issue of Business Week, Northrop Grumman has an Ad that looks like it might use ADSO technology (If I had a number of someone at ADSO I would ask them.)
The Ad reads:
"Advanced Battle Management -- Information Warfare
Information Warfare: The ability to exploit, deceive and disrupt adversary information systems while protecting our own.
Information Warfare: The ability to provide an acurate and integrated picture of the battlefield, including possible targets, threats and friendly forces, and comuniicate in real time. Northrop Grumman has the ability to create these systems and intergrate them within an array of surveillance and precision-strike platforms. And in the future, when conflicts will be resolved with information as well as hardware, these capabilities will be indispensable. Northrop Grumman. Systems integration, defense electronics, military aircraft, precision weapons, commercial and military aerostructures. The right technologies. Right Now"
Maybe ADSO has a connection here, maybe not.
--Tony |
