Timing of royalty revenues received by CSP Inc. (NASDAQ:CSPI) associated with deployments of the U.S. Navy E-2D Advanced Hawkeye aircraft, which use signal processing systems provided by CSP's Systems segment, is masking the improving financial performance of CSP, and offering investors an opportunity to purchase shares at what I consider to be depressed prices.
Paraphrasing from the company's latest 2013 10-K:
CSP Inc., along with its subsidiaries, develops and markets information technology (NYSE:IT) integration solutions and high-performance cluster computer systems. The Company operates in two segments: Systems segment and Service and System Integration (NYSE:SSI) segment.
The Systems segment consists primarily of CSP's MultiComputer Division, which designs and manufactures commercial high-performance computer...
|FREE||SA PRO MEMBERS|
|IDEA GENERATOR||X||Exclusive access to 10 PRO ideas every day|
|INVESTING IDEAS LIBRARY||X||Exclusive access to PRO library of more than 15,000 ideas|
|SECTOR EXPERT NETWORK||X||Exclusive access to all sector experts for direct consultation|
|PERFORMANCE TRACKING||X||Track performance of all PRO stock ideas|
|PROFESSIONAL TOOLS||X||Professional Idea Filters to zero-in based on industry, market cap and more|
|PRO Top long ideas returned 21.7% in 2016**|