- VSE Corporation suffered significantly from cutbacks in the US government's budget.
- The company acquired Wheeler Bros. and gained USPS as a customer due to this acquisition.
- The company's management is very conservative and the company is about to be debt-free again.
- Once the debt is paid-off next year, VSE Corporation will trade for 6-7 times its cash flow.
- I see consolidation happening in government contractors and VSE might become an acquisition target.