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To: greenspirit who wrote (30240)9/15/2006 12:43:30 PM
From: ourtrade123  Respond to of 57684
 
FRPT 7.42, +0.39, +5.5%) was initiated with a buy rating at C.E. Unterberg Towbin.

C.E. Unterberg initiates FRPT with a Buy and $11 tgt saying the co's vehicle offering has proven to be the only effective prevention of fatalities from improvised explosive devices and because of this the co's revs have grown from $10 mln in 2004 to an est $195 mln in 2006. Over the coming 12 to 18 months firm believes the co will continue to see rapid growth as the armed forces in Iraq, Afghanistan and other areas purchase both the Buffalo and Cougar. Past that, however, firm thinks the co could participate in the HMMWV replacement cycle, a market with an ultimate size in the multi-tens of billions.

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