Astrotech Corporation (NASDAQ:ASTC)

CAPS Rating: 1 out of 5

The Company develops and operates space flight hardware assets, a provider of manned and unmanned payload processing services, and an entrepreneurial force in space commerce and developing space utilization applications such as microgravity processing.

Recs

3
Player Avatar TSIF (99.96) Submitted: 9/8/2010 11:37:13 AM : Outperform Start Price: $1.50 ASTC Score: -42.54

Astrotech's stock price has always been inconsistant Astotech had started making a very good return from it's $0.30 recession bottom, climbing up to above $3.60 before starting to come back down to earth. I had thought my $1.50 entry was a good trajectory interception, but investor interest continues to plummet. While the reentry burn rate has slowed, I'm not clear where the profit takers will bottom this one. As a space cadet, (mentally and historically) a pitch up on Astrotech at $1.50 still seems worth my time as it lets me keep an eye on this one as my points take deeper shades of red. Astrotech is well respected in the space industry and the moat to entry into this niche market is expensive. Governement Space activity is in a lull and private space entry, while starting to get some attention is still several years away and mostly focused at the expensive tourist thrill rides. Astrotech had threemissions last quarter, (after I picked them), and still sees some government/military activity. The fourth quarter net loss deflated investors, but cash flow was positive. Backlog for satellite activity should keep them sustainable. Astrotech's side business of a micro chemical detector and vaccine testing seem out of character, but were developed via testing done in space environments (microgravity). While one of thier side entities could be a serious catalyst, I believe that unlikely in the near future. Satellite events fluctuate with technololgy changes. I don't see as serious catalyst for Astrotech on the horizon, but opportunities for good quarters and intermittant stock momentum do exist while I look on from my CAPs perspective.

Report this Post 2 Replies
Member Avatar TSIF (99.96) Submitted: 11/26/2011 4:10:39 PM
Recs: 0

I folded on this one. Since I like space I'm still intrigued by it and who will fill the voids left by government. Looks like it dipped around $0.50. I may have played it in RL if I'd been paying attention. Overall, however, it's a niche business. They have a moat and not much business. I don't think they are at any serious risk from governement cutbacks, but I see no catalysts either.

Member Avatar trnhlxfgh (< 20) Submitted: 12/19/2013 8:35:44 PM
Recs: 0

I got into this on dumb luck. Usually I get in on dumb bad luck, so this has been a nice change lately.

Featured Broker Partners


Advertisement