SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?


To: Keith J who wrote (42622)5/13/2011 2:35:14 AM
From: Paul Senior  Read Replies (1) | Respond to of 78746
 
EKS, re. VSEC, it's disconcerting for sure that the acquisition is larger than VSEC itself ($180M cash purchase + possibility of $40M more, vs VSEC EV of $179M). So it seems like VSEC management is going for do-or-die.

VSEC balance sheet will have heavy liabilities (assuming no VSEC stock issuance), but VSEC earnings may do very well.

I intend to hold my VSEC for another couple of quarters to see how VSEC progresses on integrating its acquisition.