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OSI Systems' (OSIS -34.1%) Rapiscan security business is under scrutiny for possibly providing...

OSI Systems' (OSIS -34.1%) Rapiscan security business is under scrutiny for possibly providing false privacy data on its full-body scanners to the TSA. "Rapiscan did not falsify test data," OSIS responds. "In fact, TSA testimony to Congress today confirms that this was at all times a government controlled test and that Rapiscan could not have manipulated any test data."
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Comments (3)
  • BIGGS48
    , contributor
    Comments (13) | Send Message
    Another Republican desperate to be loved...he ought to review what his eager ,young aides report before shooting off his mouth, I;ve ffollowed this company for twelve years...Nice entry point for an investor
    15 Nov 2012, 03:00 PM Reply Like
  • Rope a Dope
    , contributor
    Comments (703) | Send Message
    If the testing was in fact ‘controlled’ by the US Government, it seems likely this may eventually blow over and indeed make for a profitable trade. But until OSI resolves the Show Cause letter and I see more details on the future of the 91 machines in storage, I see too much risk to take a position in OSIS right now. I have more concern about the warehousing of 91 machines than I do the test data.


    LLL could provide a more interesting trade though as the only other vendor of scanners.
    16 Nov 2012, 07:58 AM Reply Like
  • BIGGS48
    , contributor
    Comments (13) | Send Message
    Fair enough; but while you wait I bought @$50 and sold @$64. Markets speak the truth, politicians are blowhards.
    17 Nov 2012, 11:13 AM Reply Like
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