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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Jurgis Bekepuris who wrote (17243)	6/13/2003 1:27:55 PM
From: Wallace Rivers	Respond to of 78768

Purchased UIC today. I think I mentioned it before, it is, primarily, a small defense contractor. Potential nasty proxy battle with Steel Partners, which owns over 12%. They want to put it on the market to maximize shareholder value. Veridian was recently taken over by General Dynamics, although UIC is more of a hardware player, VNX more of an IT consulting player. IMHO they are in a good space, being in the defense business, and specifically a player in the unmanned drone segment. Yields 2.8%. Does have an asbestos overhang, obviously a negative.