Austin Lehman's  Instablog

Austin Lehman
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I worked at Ernst & Young in Audit, focusing primarily on real estate companies. I now work at a local public accounting firm in Indianapolis, IN. I focus primarily on small cap companies with few analysts following them, as I believe individual investors may be able to compete at the small cap... More
  • Recent Earnings Releases 0 comments
    May 10, 2011 5:59 PM | about stocks: VSEC, CLCT

    Collector's Universe's (NASDAQ:CLCT) management continues to perform well. I am calculating a forward P/E of 23, so stock is potentially starting to get pricey, as management appears to be expecting approximately 8-13% growth over the next few years. This growth expectation comes from management expecting to cash flow its dividend in the next 3-5 years. While not a direct correlation, CLCT is definitely still impacted by commodity prices. If commodity prices drop significantly, that could be a selling indicator.

    VSE Corporation (NASDAQ:VSEC) had a very disappointing quarter. I underestimated how bad things were and have sold my position. Also, the quarter was worse than the EPS number suggests based on the earnout liability reducing and thus increasing income. I am writing an article that goes more in depth, but suffice it to say I have a "sell" rating on VSEC probably down to $25/share or so.

    Stocks: VSEC, CLCT
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