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CLICK HERE FOR THE PODCAST ON VSE CORP
I did a podcast on this stock tonight and thought I ought to do a brief posting on this company. I do not own any shares nor do I have any options on this stock.
VSEC made the list of top % gainers on the NASDAQ today, closing at $38.93, up $3.68 or 10.44% on the day. According to the Yahoo "Profile" on VSE Corporation, the company is among other things, a military contractor which provides logistical support to the government.
The 2nd quarter 2007 results were solid. The Morningstar.com "5-Yr Restated" financials are solid. The Morningstar.com "5-Yr Restated" financials are excellent showing steady revenue and earnings growth, positive free cash flow, stable # of shares, a small dividend and a reasonably good balance sheet.
Yahoo "Key Statistics" shows this is a small cap stock with a p/e of just over 18. According to the Fidelity.com eresearch website, the price/sales (TTM) is reasonable relative to other companies in the industry, and also on Fidelity, the return on equity (TTM) exceeds other companies in the same industrial group. Yahoo shows only a few shares out short. The company recently split its stock 2:1 on 6/29/07.
Looking at the VSEC "Point & Figure" chart on StockCharts.com, we can see a relatively strong chart above support levels.
With the strong move higher today, the solid earnings report, the nice Morningstar.com '5-Yr Restated' financials page, reasonable valuation, and a solid chart,
VSE CORP (VSEC) IS RATED A BUY
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