Saturday, June 30, 2007

FRPT, MKRS, Zecco

After dropping to the mid 20's FRPT fans got news Monday that the pentagon had approved the Army to purchase up to 17770 MRAP vehicles, up from the previous 7744 total allotment for the armed forces. This confirms what long term investors of the company already know: The pie is growing (from $7.4 billion to over $20 billion) and FRPT already has a 48% market share. This news coupled with the defense department announcement for another MRAP competition for improved vehicle design could not have hit at a better time. As of Thursday afternoon the stock was back in the low 23's.
MKRS: A stock that I have been watching and came across while studying FRPT. This stock has close to doubled since early June and has some momentum after posting great revenue for Q1. MKRS is developing a already great relationship with the Navy and is looking to market its products to other governments. MKRS specializes in electronic systems technology.
MKRS
I also recently opened a Zecco trading account. $0 commission trades, who can resist. As I fund and play around with the platform I will offer a review of the site. So far everything has gone very smoothly and I must say I am impressed so far!

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