Kratos Defense & Security Solutions (KTOS) Reports 4Q'13 Results

Kratos Defense & Security Solutions (KTOS) reported 4Q'13 results yesterday (Tuesday, 02014.03.11) after the markets closed. Last Friday (02014.03.07) I bought some more KTOS at $8.14. I knew the 4Q'13 results were coming and I decided to buy before the earnings release. It appears in pre-market trading today (02014.03.12) that I shouldn't have done that. The market opens in 40 minutes and KTOS is at $7.18 (down 10%).

I liked the company's comment about 02014.

In 2014, we expect to generate significant cash flow from operations, free cash flow after the interest payments on our Senior Notes, and for our accounts receivable DSOs to continue to decrease. We also expect to refinance Kratos' senior notes in 2014, after the "no call" provision expires at the end of May, with the opportunity to significantly reduce the Company's interest rate and further increase our free cash flow."

KTOS closed yesterday (02014.03.11) at $7.98. 52-week range: $4.14 - $9.18.