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Varchild2008 (84.02)

American Defense Systems....worth a second look? (EAG)



June 02, 2010 – Comments (1)

I got into EAG and got out with a sizeable loss.....   Despite selling out all of my shares in disgust over the company consistently producing negative EPS for shareholders.... I didn't abandon them from my regular stock watching.......

Personally.... up until this year....  I was fed up with the C.E.O. being unable to produce for shareholders inspite of landing record orders from the Marines and many other positive things happening from the year prior.... never producing for the entire year.....  Ineffective C.E.O. management is what I said...

I don't think anyone has been following me at all on the EAG discussion on my blog....

But... I figure I may as well say that my opinion of the C.E.O. from American Defense Systems has taken another 180 degree turn here...   The C.E.O. has done several things to clamp down on expenses while re-organzing and managing a new sales effective one given the results of record revenue in Q1 of 2010.

However.... It "record revenue" translating to positive EPS growth for shareholders?   No......

But it doesn't hurt to show growth is occurring SOMEWHERE in the company......versus nowhere...

Nonetheless..... While I wish to take back my statement that the C.E.O. is ineffective.....  And to instead say that he is quite competent afterall........

I do have to say investing in (EAG) may be worth a second look but investors should wait for positive EPS numbers first to show up in future quarters.

In other words.... EAG remains a Watch List item......but a stock to jump on at the first signs of EPS growth emerging.

Oh and just case you think this is stupid of me to talk about a PENNY Stock trading at 28 cents a share.....     Know that I was fairly certain than when the C.E.O. commented about a "Blog" commenting about his company.... that it was probably my BLOG on Motley Fool.

So.........Not a waste of time for me to bring up EAG.......again.....

1 Comments – Post Your Own

#1) On June 02, 2010 at 8:57 PM, Varchild2008 (84.02) wrote:


"Know that I was fairly certain than when the C.E.O. commented about a "Blog" commenting about his company.... that it was probably my BLOG on Motley Fool."

This was several earnings reports ago I think.... I think it was said in Q3 2009..... a Caller phoned in (paraphrased) asking about why there aren't analyst reports on EAG yet.....  C.E.O.'s response was (paraphrased) that the board was looking into that and that apparently a BLOG was around talking about the company.

Hmm.... what other blog was there back then talking about the company as often as I was?


My big loss in EAG was mightilly offset by gains in other investments.... water over the camel's back... or something.

"Here's to EAG" actually producing positive EPS in future earnings.

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