CSP Inc. Overview
CSP Inc. (CSPI) is a cheap, cash-rich micro cap and owns a lucrative royalty-based contract with Lockheed Martin (LMT). In addition to this, management is shifting CSPI's strategy to marry two of its separate operating segments in order to provide a flurry of cross-selling and bundling activities which will smooth historically lumpy sales trends. The strategy seems to be working as both sales and profits are growing despite the absence of high-margin royalty revenue which has been pushed out until 2014. The 2Q results, a large dividend increase, and increasing chatter of CSPI's ability to provide quarterly guidance lead me to believe management is executing flawlessly on its strategy and indicate the...
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