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Chris DeMuth Jr.
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"It's not given to human beings to have such talent that they can just know everything about everything all the time. But it is given to human beings who work hard at it - who look and sift the world for a misplaced bet - that they can occasionally find one." - Charlie Munger I look... More
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  • One Outa Two 7 comments
    Apr 3, 2014 2:26 PM | about stocks: VSEC

    Just over a year ago, I started investing in VSEC with the view that it was 1) a cheap stock and 2) a takeover candidate. After over a year has gone by, it appears that we were one out of two. It has an underutilized balance sheet and has never attracted much interest from the market. But this would be a clean, easy acquisition for a larger government contractor. The opportunity probably arose because of worries about our reduced military deployments as well as budget sequestration. But those appeared to be Y2K+13 fears. Now that those issues are receding, what is next for VSEC? For VSEC owners, the best outcome could be a cost saving acquisition by a larger contractor.

    Disclosure: I am long VSEC.

    Additional disclosure: Chris DeMuth Jr is a portfolio manager at Rangeley Capital, a partnership that invests with a margin of safety by buying securities at deep discounts to their intrinsic value and unlocking that value through corporate events. In order to maximize total returns for our partners, we reserve the right to make investment decisions regarding any security without further notification except where such notification is required by law.

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Comments (7)
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  • Chris DeMuth Jr.
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    Comments (4035) | Send Message
     
    Author’s reply » (VSEC) at a new 52-week high
    25 Apr, 06:35 PM Reply Like
  • George Yannopoulos
    , contributor
    Comments (22) | Send Message
     
    Another great call
    27 Apr, 11:21 AM Reply Like
  • Chris DeMuth Jr.
    , contributor
    Comments (4035) | Send Message
     
    Author’s reply » (VSEC) hit a new 52-week high.
    7 May, 01:31 PM Reply Like
  • Chris DeMuth Jr.
    , contributor
    Comments (4035) | Send Message
     
    Author’s reply » (VSEC) hit a new 52-week high
    1 Jul, 02:46 PM Reply Like
  • bazooooka
    , contributor
    Comments (2350) | Send Message
     
    Chris, how much upside do you see left, if any? Is this a 100 stock in a take out?
    3 Jul, 01:45 AM Reply Like
  • Chris DeMuth Jr.
    , contributor
    Comments (4035) | Send Message
     
    Author’s reply » Well thank goodness that they never listened to me as I thought it was an underutilized balance sheet with takeover interest at a lower price than today's. Now? $90-100.
    3 Jul, 08:26 AM Reply Like
  • Chris DeMuth Jr.
    , contributor
    Comments (4035) | Send Message
     
    Author’s reply » (VSEC) hit a new 52-week high...
    7 Jul, 04:03 PM Reply Like
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