CRDN. At current price, maybe a GAARP stock. So much still dependent on government contracts. Company has several non-government products though.
From BusinessWeek:
"In the near term, the company has more to gain by providing add-on armor for the Army's enhanced Mine Resistant Ambush Protection, or MRAP II, program for high-threat vehicles, says Al Kaschalk, an analyst at Wedbush Morgan Securities in Los Angeles."
A recent interest of mine has been defense against IEDs (USA military-speak for improvised explosive device, or bomb). These things appear to be getting more powerful and more sophisticated as happens during wars and the learning experience of combatants.
Expecting this knowledge to be disseminated outside of current conflict (Iraq), I suspect IED's will show up and blow up more prevalently in Western countries than currently.
Mentioned previously, I have taken a few shares of [t]FRPT[/t]. Stock has been beat down because the larger defense contractors have won the big orders for mine resistant vehicles, FRPT's sole business. I've also bought a few shares of Allen-Vanguard (ALNVF.PK). This Canadian company develops electronic jamming products to counter terrorist devices and provides ordinance disposal equipment ("bombproof" suits, robots, etc.) and training. I like the company's diversity within its niche, and that the company stock has come down.
finance.yahoo.com
I'll consider CRDN now as well. |
