1.6M SHARE FLOAT....CONSISTENTLY PROFITABLE...
EARNINGS Monday 8/29/2005 ......
TARGET: $5, $6, ....??
http://stockcharts.com/gallery/?hsr
Hi-Shear Technology Corporation (AMEX:HSR), an established and growing defense and space exploration high-tech equipment/component provider, will release its 4Q 2005 and FY earnings results tomorrow 8/29/2005 (most likely AH).
HSR products include missile defense systems, aircraft ejection systems, tactical smart weapon sytems, navy acoustic devices, and even critical Space Shuttle launch and safety components.
On the successful launch of the Space Shuttle Discovery last month, pyrotechnic cartridges manufactured by HSR controlled all 99 of the pyrotechnic events which occurred during liftoff and ascent into earth's orbit. The HSR cartridges initiated such functions as separating locks and ground umbilicals at liftoff, separation of the solid rocket boosters (SRB's) from the main external fuel tank, release of the SRB parachutes, and separation of the Orbiter Vehicle from the main external fuel tank.
In addition to the 99 scheduled pyrotechnic initiations, HSR cartridges were also installed in an additional 35 emergency standby devices for functions such as fire extinguishing, up locking the nose and main landing gears etc.
INVESTMENT HIGHLIGHTS:
* Float of only 1.6 Million Shares. Only 6.7M outstanding shares.
* Net Income of 20 + c/share
* Low P/E of. Market Cap only $25 million. Low P/S of 1.2
* Was recently awarded several multi-million, long-term contract with Boeing, US Department of the Navy, NASA, etc.
* Many critical components on the Space Shuttle Discovery were manufactured by HSR (go to website www hstc com.....news page for details)
* Provided critical components for the MARS
Exploration ROVERS.
* Strong balance sheet with no long-term debt and over $2/share
shareholders' equity.
HSR provides pyrotechnic, mechanical, and electronic products to the aerospace and defense market in applications where safety, performance and high reliability are essential. It develops and produces advanced systems and products that are primarily used worldwide in space satellites, launch vehicles, national defense, and government programs.
HSR's customers are some of largest space and defense contractors in the world such as NASA, Boeing, Raytheon, BEA Systems, EADS, Lockeed
Martin, etc.
HSR was recently awarded two major, five-year production contracts by the Naval Surface Warfare Center. The first contract is for the production of up to 10,000 Acoustic Firing Devices (AFD), which provide a safe firing system for the underwater demolition teams. The second award is for the production of electronic Firing Code Transmitters, which provide acoustic command actuation of the AFD, and is scheduled to begin production in March 2005 (4Q 2005).
Hi Shear's CEO recently said:
"During 2004 the Navy Surface Warfare Center awarded us two major long-term production contracts. The first contract is for the production over five years of up to 10,000 Acoustic Firing Devices, which provide a safe firing system for underwater demolition teams. The second contract is for five year production of electronic Firing Code Transmitters, which provide remote acoustic command actuation of the Acoustic Firing Device. These two contracts have a potential total of between $19 million and $25 million, depending on the usage of this new innovative military system." HSR said that these parts were scheduled for initial production during 4Q 2005.
HSR's latest defense contract for $3.5M was awarded by the U. S. Department of the Navy and announced on June 24, 2005:
http://biz.yahoo.com/bw/050624/245449.html?.v=1
Melf, You'll love this one. Average volume is LOOOW...just like you like it... >:D
Oh wow another LANV? Count me in. ;D
You rock wiseman. 8)
Another Wise beauty :o How do you find these hidden gems??
I am buying tomorrow!!
Thank you for the tip.
Chart is a little sketchy buy overall I believe you have indeed discovered a gem. I may nibble some in the later in the AM (it's 1:40am).
I will buy more than what I planned originally. I've just finished doing some serious DD on this puppy and I really like what I see as a short and long-term investment.
Slt2005,
Nice to have you on board. I am glad that you are doing your independent DD and agree that HSR is a great value at these prices.
Also check out IOX. IOX is another low float, Profitable, and undervalued company with great upside and minimal downside. IOX will realease earnings any day before 8/30. It could be tomorrow. That's why I am buying today
IOX is only trading at $2.3. I forgot to mention that IOX has about $1/share in cash and no long term debt!!!
YOu better jump in soon. I am preparing my DD blurb on this one and I will releasze it soon.
Good luck!
Applaud for your gains. I like almost everything I've found. The long term contracts for 19-25mil are worth as much as the company itself (mkt cap of 25mil). My only issue with the company is that it has no growth.
Have I overlooked something here?
laterz...Jody
*wishing I'd pulled the trigger today*
Looking forward to today's action. Two full trading days until the earnings report comes out
Cheers!
Hi Wiseman,
Any comments to the IOX earnings today?
Mike
Perfect trading day. ZERO volume!.....Just the way I like it!!! >:D
HSR's SILVER BULLET.....
HSR lawsuit seeking $11M is compensatory damages and $$$millions more in punitive damages. Trial started July 15, 2005 in Brevard County, FLA.
A favorable ruling could send this puppy, with little over 6M outstanding shares, flying past the Sapce Station
Shear suit
Los Angeles Business Journal, May 23, 2005 by Amanda Bronstad
A Torrance aerospace firm is set to go to trial next month in a lawsuit against NASA's top contractor for its Space Shuttle, alleging it helped steal the designs for an integral component on the space vehicle for a competing firm.
Hi-Shear Technology Corp. (HSR) seeks $11 million in compensatory damages from United Space Alliance for allegedly giving the company's list of subcontractors for its "separation bolts" to Pacific Scientific Energetic Materials Co. The Chandler, Ariz.-based company then made use of the vendors and their knowledge of the bolts to win a contract with United Space five years ago, the suit alleges.
Separation bolts are an integral space shuttle component, holding the external fuel tank and the solid rocket booster in place during takeoff. They later fracture on command, allowing the booster to fall back to earth.
United Space is a joint venture of Boeing Co. and Lockheed Martin Corp. The case is scheduled for trial July 5 in the 18th Judicial Circuit Court in Brevard County, Fla.
"(United Space) expressly represented to Hi-Shear that its only purpose for obtaining this vendor list was to conduct a routine quality assurance evaluation of Hi-Shear's performance under the contracts," the suit states. "Contrary to its representations ... (United Space) provided it to Pacific Scientific and other third parties to facilitate the replacement of Hi-Shear as the supplier of separation bolts for the Space Shuttle."
Until March 2000, Hi-Shear's bolts had been used on every Space Shuttle mission. At that time, United Space began to solicit Hi-Shear's sub-tier vendors to perform the same work for Pacific, the suit states.
Defense attorney Mike Levin, a partner with Orlando-based Baker & Hostetler LLP, denied that United Space committed any wrongdoing.
Staff reporter Amanda Bronstad can be reached at (323) 549-5225, ext. 225, or at
[email protected]. Staff reporter David Greenberg contributed to this column.
COPYRIGHT 2005 CBJ, L.P.
COPYRIGHT 2005 Gale Group
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Excerpt from company fiilings:
In November 2000, Hi-Shear sued United Space Alliance, LLC, a Delaware limited liability company ("Alliance"), and its predecessor USBI Company, a Delaware Corporation, in the Circuit Court of the Eighteenth Judicial Circuit in and for Brevard County, Florida. Hi-Shear filed suit to recover damages, including damages for the defendants' refusal to pay thirteen invoices totaling $1,319,000 on four separate contracts for specially manufactured aerospace components. All of those unpaid invoices, plus an unbilled amount of $384,000 related to work performed on two of the contracts, are included in accounts receivable at May 31, 2004. In addition, the Company's suit also seeks compensatory damages alleging that the defendants fraudulently induced Hi-Shear to make an excessively low bid on a request for proposal to manufacture certain other parts. Further damages are sought for defendants' misappropriation of Hi-Shear's confidential, proprietary and/or trade secret protected designs, drawings, and specifications for other aerospace components. At this time, the Company is seeking in excess of $11,000,000 in damages, excluding potential amounts for punitive and exemplary damages and pre-judgment interest.
In July 2004, Hi-Shear sued Pacific Scientific Energetic Materials Company, a Delaware Corporation in the Circuit Court of the Eighteenth Judicial Circuit in and for Brevard County, Florida. Hi-Shear filed suit to recover damages resulting from the defendants' misappropriation of Hi-Shear's confidential, proprietary and/or trade secret protected designs, drawings and specifications for certain aerospace components, conspiracy to steal and misappropriate said items, and interference with Hi-Shear's advantageous business relationships. The events of this matter are related to the United Space Alliance lawsuit.
The lawsuit against United Space Alliance, LLC and USBI Company remains in the discovery phase. The Company believes that is has valid claims receivable against these defendants. Further, the Company believes that the counterclaim is without merit. Accordingly, no accruals for either potential amounts payable or reserves on uncollected receivables have been made at this time
I read about the lawsuit in detail and seems like HSR has a very strong case Even if they are only paid for the past dues (from legitimate invoices), that's several million dollars including interests
Monday is coming... ;D
Don't forget that 1Q 2006 is reported in Mid October. Only six weeks away.
When HSR starts getting revenues from its largest multi-year contracts (see detail below), revenues will jump 15 to 25% compared to past performance. I expect that some producction might have started in 4Q 2005, but I believe that starting 1Q 2006 HSR will start recognizing big revenues form these two contracts.
NAVY Contract Comments:
HSR was recently awarded two major, five-year production contracts by the Naval Surface Warfare Center. The first contract is for the production of up to 10,000 Acoustic Firing Devices (AFD), which provide a safe firing system for the underwater demolition teams. The second award is for the production of electronic Firing Code Transmitters, which provide acoustic command actuation of the AFD, and is scheduled to begin production in March 2005 (4Q 2005).
Hi Shear's CEO recently said:
"During 2004 the Navy Surface Warfare Center awarded us two major long-term production contracts. The first contract is for the production over five years of up to 10,000 Acoustic Firing Devices, which provide a safe firing system for underwater demolition teams. The second contract is for five year production of electronic Firing Code Transmitters, which provide remote acoustic command actuation of the Acoustic Firing Device. These two contracts have a potential total of between $19 million and $25 million, depending on the usage of this new innovative military system." HSR said that these parts were scheduled for initial production during 4Q 2005.
Any news about today's report?
Nothing other than it should be out AH today.
Good luck!
Hey Wiseman, just curious, where'd you read that the earnings report will be released today? I just want to learn where to look for these things. ;) Thanks!
Notification of late filing. :(
http://www.sec.gov/Archives/edgar/data/918027/000101968705002438/0001019687-05-002438.txt
I so wanted to free up this cash. :-X
Great buying opportunity. I bought more at $3.77. I believe that the outcome of the lawsuit will be positive for SIMC. We could see all-time highs soon.
1Q 2006 is to be reported by 10/15. By that time the lawsuit should bve over.
Can't wait. >:D
Just curious, are we all still waiting???? ;)
Sure would not mind some positive change. Irod, Wiseman when do you guys expect some positive change?
The numbers look great, but this stock hardly trades.
Any purchase or sale you make will impact the price.
If you have a significant number of shares, you will be stuck with them when it is time to sell.
On a great day, this will trade 24,000 shares - you try to sell the 10k you have, the price will fall greatly.
http://finance.yahoo.com/q/hp?s=HSR
When will it be discovered and the volume surge and the price shoot up? There have been several good press releases in the past - and Zero has happened.
I owned it in the past and the illiquidity just stifled me.
My advice - stay away.
The delayed quarterly earnings report will be released about 2 weeks from now. Also:
"1Q 2006 is to be reported by 10/15. By that time the lawsuit should be over."
We're holding 'till one of those makes it jump. Low volume is A Good Thing and part of the whole point of these plays. Please read the LANV thread.
Irod, snowcat,
Thanks for your reply's. Read the LANV thread and agree on the low volume being a good thing in this case with you.
Will be holding on with you till one of those jumps. Sorry Snowcat but one day great numbers will have to pay, when the market isn't overvalued.
Good tradings
Amarens
I own a big load of HSR shares and I am still adding at these prices. HSR will become another GIGA soon. I expect 1Q 2006 and beyond to be super strong. At these prices HSR is an amazing gift.
Can you imagine if HSR wins the lawsuit and get awarded megamillions? It is very possible, if you read the history of the lawsuit. That in itself would cause an overnight double in pps.
Tough day on not the greatest of news. Should come back up quickly, I guess it's a good buying opportunity,
Quote from: wiseman213 on September 05, 2005, 10:24:02 AM
I own a big load of HSR shares and I am still adding at these prices. HSR will become another GIGA soon. I expect 1Q 2006 and beyond to be super strong. At these prices HSR is an amazing gift.
Can you imagine if HSR wins the lawsuit and get awarded megamillions? It is very possible, if you read the history of the lawsuit. That in itself would cause an overnight double in pps.
Wiseman, price is even lower and still going down. Any thoughts? ??? News about the lawsuit was bad, but still the companies fundamentals look good. I'm just concerned about it breaking through the support, which I perceived to be at $ 3,50.
Any time to share some vieuws? ;)
Same here, I'm down quite a lot and worried. :'(
Never got out of HSR. Had no reason to. Today I know why up over 40% :o :o :o
Great profit and very happy :-* :-* :-*
Anybody else happy???
Amarens
Another HUGE day ! From briefing.com
An aerospace supplier that only beginning to hit radar screens is Hi-Shear Technology. The co makes electronic devices and pyrotechnic products used in satellites, missiles, launch vehicles, weapon systems, fighter aircraft ejection seats etc. Most of the co's customers are large aerospace prime or subcontractors. Sales to Lockheed Martin (LMT) and the US govt accounted for 31% and 29% os sales, respectively. Note, LMT guided higher yesterday... The co is profitable and it recently reported Q3 (Feb) revs of $6.2 mln, up 84% yoy while EPS jumped to $0.11 from $0.03 a year ago... Granted, the stock has doubled since its Q3 report, but the co sill has a mkt cap of only $56 mln, just over 2x sales. With aerospace suppliers on the move, we thought we'd put this name in front of in the event of a pullback.
HSR coming back into range....
HSR continued its awesome run, up 7%. Airplanes will continue to fly and there is more focus on replacing older fuel inefficient planes. If someone has to get somewhere, they will fly if they have to no matter what the price is. Every plane I go on is full. I can see this stock at 15+! I loaded the boat on this one with my IFO $$.
http://finance.yahoo.com/q?s=hsr
Should be on the IBD 100 tomorrow should it stay above 15.
The volume has been booming! And IBD #s are great.
Good thing the Snowcat's hot stock update thread had been pushing this for the past two months!
The stock was pushed up to 15 and sucked up by the folks who are expecting it to be on the IBD 1OO - it then fell bad in the last 5 minutes as the MM' s took their profits.
It was all a set up.
The stock is still up 39% since last week - not too shabby - and is due for a pullback.
It is a great buy candidate from a Raytheon or someone. The Ceo's here are pretty old.
This stock is very similar to CVU.
it's shorted heavily; my take was it was a set up too; however, I did hear there was a large group playing it that pulled out at the last minute because it looked like 15 wouldn't hold. The market pullback at end of day Friday didn't help.
It may pull back some here, but I think it will run again for over 15 soon; it's a strong stock and will get on the IBD 100 soon.
I was disappointed; so close.
But stocks like this one are upward bound. They give a dividend... this one is a keeper.
fundamentals are great.
its hard for stocks to stay 3x above its 200 dma And this one is ust about there now. I would expect a pull back soon. I am talking short term obviously.
pullback is right. Along with about 60% of the nasdaq....
I'm expecting a bounce, unless the news this week is bad on the financial scene. If we don't tank another 10% or so on the market... I think we go up here soon.
Another try at 15 is in the works, if not this week, soon....
med rebounding, but be careful - it could be a short squeeze - bring the price up again and then drag it down.
HSR MIGHT make a run for it today as it looks like it will close above 15 - then fall on Monday as COGO and many others have that made the ibd 100.
The good earnings by HSR may keep it there on the other hand.
STock breaks 15, closes at a new high and is on the IBD 100. The stock had kick-ass earnings and had been listed on this 3sof site since it was in the 3's!
A 5 bagger!!!!!
The Snowcat is happy.
This stock is headed for 20.
Great chart. Go through the prior posts to see why this stock is a winner!
http://finance.yahoo.com/q/bc?s=HSR&t=1y
Check out The Snowcat thread for more on this stock
BREAKOUT !! ;D
ready for a bull run... :)