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

To: amoezzi who wrote (28330)	10/1/2007 8:32:13 AM
From: John Carragher	Respond to of 78622

what do you know i broke even on it since buying last may on negative news. I have been buying on dips until early sept. here is reason for change in thinking and it is up a $1. in pre market looking a yahoo finance. New Street.com Video Calls Force Protection Top MRAP 2 Contender... (Not rated) 10 minutes ago The video: thestreet.com. Melissa's New story so you needn't click on their link Force Protection Rolls Again By Melissa Davis Senior Writer After slipping into reverse this summer, Force Protection (FRPT - Cramer's Take - Stockpickr - Rating) is on a roll again. Force Protection's stock has been zooming forward, rising 30% over the past two weeks alone amid mounting hopes for new orders of the company's popular Mine-Resistant Ambush-Protected vehicles. With the U.S. government set to approve billions of dollars in new funding for MRAP vehicles -- and the military halting plans for a rival vehicle program -- Force Protection could soon see demand for its powerful trucks grow even stronger. While it faces stiff competition from Navistar (NAVZ - Cramer's Take - Stockpickr) and a new duo formed by Ceradyne (CRDN - Cramer's Take - Stockpickr - Rating) and Oshkosh (OSK - Cramer's Take - Stockpickr - Rating), Force Protection enjoys some major opportunities right now. The U.S. is currently fielding bids for so-called MRAP II vehicles, with the first orders expected to be placed as early as next month. Meanwhile, the government has delayed a high-profile Humvee-replacement program -- calling for new "Joint Light Tactical Vehicles" -- and potentially opened new doors for Force Protection in the process. "In our opinion, this move benefits FRPT in two ways," SunTrust Robinson Humphrey analyst Chris Donaghey wrote on Wednesday. "First, it likely extends the longevity of the MRAP program, which could mean MRAP production extends beyond 2008. Second, it allows more time for FRPT to complete the development of its Cheetah vehicle, see it fielded domestically and internationally and continue the spiral development process to add capabilities. Although Cheetah is not officially the JLTV, a delay in JLTV opens the door for FRPT to begin capturing this market well before JLTV arrives." Donaghey recommends buying Force Protection's stock, which he values at $36 a share, in anticipation of big gains. His firm has investment banking ties to the company. Force Protection shares, which fetch around $21 following their September rally, peaked above $30 a share this spring, when the company still looked poised to monopolize the MRAP program. But the stock lost serious ground as competitors, such as Navistar and BAE, started winning big contracts. Still, under MRAP II, some foresee a better scenario ahead. "We ... expect to see the competitive field narrowed to three vendors, with FRPT and Navistar likely as the dominant players followed by BAE as a smaller third player," Donaghey wrote this week. "Consequently, FRPT's market share of MRAP should once again increase, providing a significant positive catalyst for the stock."