VSE Corp (NASDAQ:VSEC)
The Company's business operations consist of diversified engineering, logistics, management, and technical services performed on a contract basis.
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I see VSEC as the little engine that could for 2007. YTD, VSE Corps stock is up from roughly $18 to its current price of ~$52/share. That means that within the last 7 months, we've seen a 66% (or $34/share)increase...and the P/E is still at 28!!! With that much growth, one would think that the stock price is over-valued, but the data says that's not the case.
As if all that is not reason enough, I've heard nothing but positives coming out of this Wall Street-ignored stock since 2006. Last month, VSE acquired ICRC, an IC Company, thus diversifying its business base across a number of project areas including smart vehicles, alternate fuels, large-scale port engineering development and security, and information technology services.
Icing on the cake is a stock split effective last month and a nice cash dividend of $.04/Share payable in august.
What's not to love?!
Recs
Value/momentum screen. Good ROE. High insider ownership.
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it's doin double what the S&P is doin, im on board til that proves other wise
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As long as there is a war in Iraq this Stock will continue to grow.
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This stock is like future of the market............
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performance
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Strong Gov Contracts and no long term debt...hmmm..
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small cap with growing goverment contracts paying a nice dividend, cash on hand, large profit margin what more could you ask for
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Even with the democratic house/senate and probably President in 2008, this company has plenty of room to grow, great earnings, and earnings potential. Also, large insider ownership.
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