Comments on Robert Blumenthal's articles RSS Syndication from SeekingAlpha.com http://seekingalpha.com/author/robert-blumenthal/articles http://seekingalpha.com/article/33044/comments?source=feed#comment-602218 602218 Sat, 25 Jul 2009 20:25:25 -0400
I would like to support this $60 value with a DCF model. I am in the midst of teaching myself to model, but have nothing to make sure what I am creating makes sense or is correct.

If possible, I was wondering if anyone would mind sending me a copy of their MANT DCF model. I apologize for being forward, but I would really like a completed model to use as a template.

If you would be willing to send me a copy of your DCF model please send to govitman@gmail.com.

Thank you in advance]]> http://seekingalpha.com/article/106309/comments?source=feed#comment-325112 325112 Tue, 09 Dec 2008 20:46:07 -0500 1. Not well known
2. People think twice before buying this on an election year.
3. Growth stocks just got sacked cause of the bear market.

But yes, is it upsetting that stocks like this are priced so cheaply? Or, do you see the opportunity of a lifetime?

I own VSEC --- so obvsiously I agree with Mr. Blumenthal.

When people start speculating again, I expect that VSEC will float higher.]]> http://seekingalpha.com/article/88750/comments?source=feed#comment-247762 247762 Sun, 07 Sep 2008 18:08:46 -0400 http://seekingalpha.com/article/92419/comments?source=feed#comment-239069 239069 Tue, 26 Aug 2008 07:34:29 -0400
So in terms of my general statement, which true, that's what it was, in looking at their 10-Q, I actually think you're making my point. One contract for VSEC appears to have generated 75% of its total revenue. And that's where the "risk". From VSEC's latest 10-Q:

from page 13-14 of the 6/30 10Q filing:
"CECOM Contract: This contract generated revenues of
approximately $302 million in the first six months of 2008 and approximately$145 million in the first six months of 2007. The CED Army Equipment Support Program and the CED Assured Mobility Systems Program are performed through this contract. CED Army Equipment Support Program - In December 2005, our CED division was awarded a task order on the Rapid Response support contract to provide maintenance and logistics services in support of U.S. Army equipment in Iraq and Afghanistan. Services provided under this program include deployed sustainment management, deployed logistics and repairs management, unique system training and curriculum support, resource management and acquisition and administrative support. Most of the services on this program is provided by CED's subcontractor. Profit margins on subcontract work are generally significantly lower than on work performed by our own personnel." - This one concerns me. A) it's subk work b) it's generating a lot of low margin revenue. (now on the flip side, that could be disguising some nice higher margin biz, but the proportion is overwhelming right now).

And that's all I'm saying...when the revenue is concentrated like that, you've got to know how the customer views the contract, is it "strategic" or is it, "eh- take it or leave it."

I love to throw around ideas in this space - so please I welcome your comments and look forward to the discussion! :-) Best to you!]]> http://seekingalpha.com/article/92419/comments?source=feed#comment-238669 238669 Mon, 25 Aug 2008 14:13:31 -0400 you do have a valid point when speaking in general terms. However, personally I can speak about VSEC and CVU, your points don't carry a lot of wieght because of the type of contracts these companies have and the programs they are involved in. Short of us going back to reducing our military (like in the Clinton days) you are way off base. Matter of fact, as the war winds down these companies will benifit as they will also be involved in helping the military rebuild our worn torn equipment. And in the case of CVU they have major upcoming work with Commerical programs.]]> http://seekingalpha.com/article/92419/comments?source=feed#comment-238199 238199 Mon, 25 Aug 2008 07:37:11 -0400 http://seekingalpha.com/article/85881/comments?source=feed#comment-235199 235199 Wed, 20 Aug 2008 19:51:23 -0400
Their capex does exceed depreciation expense indicating that they are growing. For the first half of 2008, net income was 8.4M, depreciation expense was 2.3M and capex was 3.7M, leading to owner earnings of 7M. So, yes, they appear to have a level of capex consistent with a growth trajectory. Just when that will level out and they become a mature company is hard to say. I don't think it's going to be anytime soon since they have a lot of growth potential. We will begin to suspect they are reaching a mature phase when capex and depreciation expense are close to being equal.]]> http://seekingalpha.com/article/90178/comments?source=feed#comment-235198 235198 Wed, 20 Aug 2008 19:39:55 -0400
This earlier article of mine will at least partially answer your questions.

seekingalpha.com/artic...
]]> http://seekingalpha.com/article/91104/comments?source=feed#comment-232091 232091 Sat, 16 Aug 2008 18:09:10 -0400
Take care,
Chris Fernandez]]> http://seekingalpha.com/article/90178/comments?source=feed#comment-231764 231764 Sat, 16 Aug 2008 06:27:00 -0400 what customers do they serve?]]> http://seekingalpha.com/article/85881/comments?source=feed#comment-231762 231762 Sat, 16 Aug 2008 06:23:38 -0400 http://seekingalpha.com/article/91104/comments?source=feed#comment-231366 231366 Fri, 15 Aug 2008 14:04:09 -0400 http://seekingalpha.com/article/91104/comments?source=feed#comment-231028 231028 Fri, 15 Aug 2008 09:19:59 -0400 http://seekingalpha.com/article/44072/comments?source=feed#comment-210160 210160 Sun, 20 Jul 2008 19:19:21 -0400 http://seekingalpha.com/article/53587/comments?source=feed#comment-118960 118960 Mon, 25 Feb 2008 18:53:57 -0500 http://seekingalpha.com/article/53823/comments?source=feed#comment-106958 106958 Wed, 26 Dec 2007 16:11:37 -0500
You can spot the error in the chart above.

CrossProfit]]> http://seekingalpha.com/article/53719/comments?source=feed#comment-102542 102542 Tue, 20 Nov 2007 16:11:33 -0500
Unfortunately, copyediting must not have been strong at your school. ]]> http://seekingalpha.com/article/53719/comments?source=feed#comment-102541 102541 Tue, 20 Nov 2007 16:11:32 -0500
Unfortunately, copyediting must not have been strong at your school. ]]> http://seekingalpha.com/article/53823/comments?source=feed#comment-101695 101695 Mon, 12 Nov 2007 15:07:34 -0500 http://seekingalpha.com/article/53823/comments?source=feed#comment-101694 101694 Mon, 12 Nov 2007 15:07:32 -0500 http://seekingalpha.com/article/36337/comments?source=feed#comment-87047 87047 Fri, 25 May 2007 15:10:38 -0400
I find your comment puzzling. As I am sure you are aware, Seeking Alpha has a category of articles under the rubric of "Long Ideas" in which authors set forth their investment thesis for a particular stock.

Robert Blumenthal]]> http://seekingalpha.com/article/36337/comments?source=feed#comment-86992 86992 Fri, 25 May 2007 05:09:30 -0400