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Technology Stocks : NENG: Network Engines, Inc.
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To: Gus who wrote (122)1/12/2004 10:22:21 AM
From: Hal Campbell  Read Replies (1) of 186
 
Hiya Gus. Sold my main stake in SPAB many years ago. Quickly(one week) traded it once for 40% a few years back ( John Glenn's return to space).

The Russian delays in their components of space station construction really torpedoed the anticipated profits of their core module business a few years back. Delayed missions. Haven't closely followed their satellite services biz ( Astrotech), or the fate of their training services- though I heard they lost a contract there. And I think they took a flyer ( bad pun) on an online space store. They have sought to expand their business in related ways, but with little luck thus far.

So my knowledge of SPAB is ( as usual) severely limited, Gus. My instinct is that for quite some time it has been a stock for trading rather than investing. Pretty much when wall street decides "space is the place" for a little while, the street runs and buys SPAB .........very soon to take profits. The chasms between presidential announcements and actual cash flows are usually pretty large.

One small value point that may never play out....
It would cost any company that decided to make their own module much more money to do so than the total capitalization of SPAB. So if the dollar flow into space ever accelerates in a BIG way, SPAB would be a prime takeover candidate.

All The Best in the New Year Gus. And Charlie , great to hear Sienna is doing well.
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