Oct

9

Daily Market Wrap 09OCT07

October 9, 2007 | Leave a Comment

Today was another relatively quiet day on the street, but I was busy revamping my portfolio with significant changes. As there is relatively little to talk about on the economic front, I will simply detail the changes below.

First, I decided to sell my holding in NVT. While I continue to believe that there is possibility of a hostile bid, I decided to sell the position because I believe there are better opportunities elsewhere. I sold the stock […]

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May

8

CSPI earnings shortfall creating an overreaction

May 8, 2007 | Leave a Comment

CSPI reported second quarter earnings today, and the results were well below expectations. After reporting just over $21 million in income and EPS of 25 cents per share in the prior quarter, second quarter revenues amounted to $18.8 million and EPS came in at just 7 cents per share. The stock is currently being hammered on the news, and is down more than 12 percent.

However, if we take a closer look at the results, it appears that all […]

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May

7

Defense and rising euro should boost CSPI

May 7, 2007 | Leave a Comment

This morning I decided to enter a moderate position in CSPI, a provider of IT solutions to the defense industry and for private corportations. This is a very small company, currently sporting a market cap of just $36 million, and it remains very thinly traded for a Nasdaq stock. Because of the lack of coverage, I believe that CSPI has gone unnoticed and is significantly undervalued relative to its near term prospects.

First, CSPI has a cash position of […]

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