John Leonard, CFA
Special situations, micro-cap, contrarian, CFA

Command Security Is Attractive With The Multiple Still In 'Shock' Despite 2 Major Threats Being Neutralized

Company overview

Command Security (NYSEMKT:MOC) provides uniformed security officers and aviation security services to commercial, financial, industrial, distribution/logistics, retail, healthcare, real estate, education, aviation and government customers in the U.S.

The market is still focused on the hurdles MOC already jumped over

The two factors primarily responsible for the depressed valuation are the recent loss of a key contract and continued industry-wide pricing pressure. However, MOC has been able to pull multiple levers to offset the negative impact.

Regarding the first threat, in March 2014 MOC was notified that it would not be awarded the follow-on security services contract for the Western Region from a major customer. This contract, which expired in May 2014, generated $20.4 million of ...

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