Seeking Alpha

Astrotech jumps on bullish SA Pro article

  • Shares of Astrotech (ASTC +6.2%) jump after SA Pro's Inefficient Market makes the bull case (embargoed until 9:30 ET tomorrow) for the commercial aerospace company.
  • The author sees Astrotech as an asymmetric opportunity, with downside risk mitigated by profit from the satellite processing ops and a balance sheet with tangible assets 70% above the company's market cap. On the other hand,  Astrotech has large upside potential due to the profitability of its satellite unit - if the lagging 1st Detect business becomes profitable, ASTC could reach a level more than double today's price.
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Comments (1)
  • David Collins
    , contributor
    Comments (91) | Send Message
     
    Our long time friend and amazing value stock picker, Jan Loeb, has done it again. He's very bullish on ASTC - and is still bullish following its recent double. He has a sum of the parts valuation that includes just two of three parts - ASO & 1st Detect - which gets us to something north of $3.00 a share vs. today's closing price of $1.26.

     

    The story has been well camouflaged within ASTC so far, but the recent quarterly report coupled with the forthcoming SeekingAlpha article (in the hands of some today and coming to the unwashed masses like me, tomorrow) seems to be getting some focus on the inherent values. That's all I know for now.
    16 Oct 2013, 04:23 PM Reply Like
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