Friday, April 5, 2013

KTOS

Bought KTOS at $4.03, micro cap around $280 million, I like it because the CEO is buying shares on the open market, the latest quarter KTOS reported a wider quarterly loss due to an impairment of goodwill and intangibles expenses despite a rise in revenue. The company guided fiscal 2013 revenue below consensus. However the company is getting contracts for missile defense, drones, missile technology, etc. They are getting a lot of contracts and these should continue especially as North Korea is going nuts with warmongering tactics. Stock is rising so I am riding the wave.

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