The Company manufactures a range of sophisticated X-ray inspection products that can be used to inspect parcels, baggage, vehicles, pallets, cargo containers, and people.
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I like the positioning of this company given its focus on security products, and also its ability to sell internationally. The stock has nearly gotten cut in half since the spring, though rebounded some, recently. I had a previous Outperform pick on ASEI that I closed out as a loser. The reason is that I would want to buy more here (double-down) but CAPS doesn't at present allow that. Anyway, it's interesting to see ASEI move up to a 5-star stock on CAPS at these prices, and I'm now seeing more recognition of the company in the business press, which I think is good. American Science & Engineering will benefit from more visibility and awareness. And while I hope nothing bad goes wrong in this world in the coming years, I do recognize that ASEI is both a cure -- and a preventor -- of terrorism. And I really like that. Market cap of less than $500 million for a company making more than $25 million annually (and counting up). I don't like companies that rely on government spending to create shareholder value, but in this industry, in these times, it's the way things have to be. Go ASEI.
Company reported substantially lower sales and earnings today, and the stock sold off initially about 7% or so -- closed the day down just 3%. And as of this writing my ASEI pick is a winner for me (having so far outperformed the market DESPITE the very disappointing earnings). So, turns out the market DOES look ahead and discount weak quarters like this one. However, ASEI is I believe now sitting on the largest backlog in its company history, etc., so perhaps the market in the next two quarters will start to look ahead (and the stock will start to rise) in anticipation of getting some of that backlog business done. We shall see. I continue to think "outperform."
Now up 18% overall, just four days later. All I can really underscore once again as an investment lesson is that the market looks ahead in ways that confuse most people. The company's bad earnings report just about a week ago should on the face of it have sunk the stock for a while, and yet ASEI is rocketing ahead. Obviously the backlog is the key. Also, I have viewed this as a Zeitgeist stock....
Now more than two years later since my last note here, just checking in as ASEI hits a new 52-week high. Not many of my stocks -- not many stocks, period! -- hitting those right now. The Score is 94. Just noting.