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!

Sunday, June 24, 2007

Big Week for FRPT


The last time FRPT dropped below the 50 day MA and rode the 100 day MA we saw a nice upswing soon after. I'm hoping for a repeat of this action but there are several catalysts that could effect whether this happens.

  1. Russel Index inclusion- More information to be released Monday, but had to effect the volume late Friday as total volume reached 12.6 million shares trades. With more shares in safe institutional hands this is a plus.
  2. FRPT management has stated that if the DOD would like 12000 vehicles by Dec 08 they need the orders by July 1st. No orders=no ramp up for demand.
  3. Orders to competitors has always shown a sharp decline in share price, although shareholders know they are coming and possibly this week due to congressional and public pressures. FRPT can not supply the entire demand of the DOD.
  4. We are still waiting for the official 180 Buffalo order.
So it could shape up for a very exciting or deflating week, depending on news.

Friday, June 8, 2007

Welcome to Fast Fortune

The Stock Ticker above will show stocks that I am either invested in or am watching closely. We are starting from scratch. In future posts I will disclose assets and strategy but for now, a glimpse at what is to come.

  1. Most posts will focus on stock discussions. Currently I hold a very small amount of shares of FRPT which I have owned since January. While we follow this stock to a hopeful double, we will research others that have a similar potential high growth rate.
  2. Cash Reserve-Essential for a homeowner and father of two, very important if you are not one of these. We will discuss best practices and high yield savings account offerings to help make this possible.
  3. Book reviews of selections I'm currently reading, helpful tips and practices, broker reviews, and maybe just some neat web links of things we find along the way.