Friday, December 2, 2011

Kratos: Is $5.45 a Bottom for KTOS?

I tend to ignore certain stocks in the GDT::Portfolio and San Diego-based Kratos Defense & Security Solutions, Inc. (KTOS) is one of those stocks. Press release from yesterday (02011.12.01): Kratos Defense & Security Solutions, Inc. Announces Repurchase of 2,000,000 Shares. The shares were bought at $5.45 per share. KTOS closed yesterday at $6.01. 52-week range: $4.61 - $14.77.

Our investment in KTOS has drowned, but I remain optimistic that will eventually float to the top (break even). Right now KTOS has a low PSR (price-sales-ratio) of 0.33. 13% of the approximate 34.4 million KTOS shares are closely held. SIR (short-interest-ratio) is high at 13.2.

Back on 14 November 02007, Wireless Facilities, Inc. changed its name to Kratos Defense & Security Solutions, Inc. in order to better reflect its focus on being a "defense contractor and security systems integrator for the federal government and for state and local agencies."

No comments:

Post a Comment