buggman

What's Behind Force Protection's Significant Share Price Drop?

Manny, you need to add the DOD's Inspector's General report. Although the severe criticism was for events early in this company's history it did highlight deficiencies concerning late deliveries and accounting methods. Management did not react strongly enough to apply corrective action. The proof here is a constant correction of their official financial reports. Additionally, Mr. Aldrich spouted on numerous occasions that the staff of FRPT was assured that DOD would award vehicle numbers commensurate with their capabilities. Appears someone at DOD and/or congress are in favor of this company dying on the vine. Had DOD elected to bring in other manufacturers using FRPT blueprints this company's stock would have soared to at least $50. Although us stock holders would have benefited greatly, the troops would have been furnished a safer vehicle.