SXE This is a real interesting possibity to me in the defense IT sector. A very recent IPO, I would consider it highly risky at this time and would not suggest anyone buying-at least not yet... I bought only a few hundred shares, but understand the risk. It may well be worth watching tommorrow.....
earnings consensus .06, I hope for much better. results out after the bell today.
Re: Analysis on Demand
« Reply #51 on: May 18, 2007, 11:39:57 AM » Modify Remove
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David, on SXE it's a recent IPO (Nov). I already bought a small amount in early Feb. I believe the company has excellent growth potential as you can read from the recent events
Very nice contracts awarded. Aquisition. Company beat consensus and raised guidance. Upgrade by Wachovia to market outperform.
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Nice big government contracts. Big growth. Worth a close look. Latest news;
http://biz.yahoo.com/prnews/070614/neth052.html?.v=8
http://stockcharts.com/h-sc/ui?s=SXE&p=D&b=5&g=0&id=p48494020298
Another contract win, another new high. Stanley seems to be very well connected.
http://biz.yahoo.com/prnews/070712/neth013.html?.v=14
http://stockcharts.com/h-sc/ui?s=SXE&p=D&b=5&g=0&id=p48494020298
Whatsamatta?!! Nobody likes SXE? Maybe when it's $25? $35?
Latest contracts
http://biz.yahoo.com/ap/070718/navy_saic_northrop_contract.html?.v=1
http://biz.yahoo.com/prnews/070724/netu053.html?.v=15
Stanley beats again, raises guidance again. Report was out Thurs. and saw a new high.
Just made another new high.
volume stepping up now, +50% with 2 hours 2 go. My guess is breakout very soon.
Volume almost 3X today with most of it the last 2.5 hours. I don't know if it officially broke out today or not as it didn't quite reach or close at an all new high, but it did have a new closing high. Is it an ascending triangle breakout? What say you techies?
I wonder if there's a another new contract to be announced soon.
New high.. Breakout for real this time?
Quote from: BigSully1 on September 14, 2007, 09:49:11 AM
New high.. Breakout for real this time?
I'd call it a breakout. Nice big candle on 3.5X volume.
Nice Sully. I can't easily find any fundamental info other than a PE in the high 30s. I like it. Seems there is good growth. And you've done very well...
Applauds.
Good job BigSully. I'd call it a breakout. Looks like you have the pulse on this one!
Applauds!
Here's the chart.
Quote from: bjc on September 15, 2007, 03:48:28 AM
Nice Sully. I can't easily find any fundamental info other than a PE in the high 30s. I like it. Seems there is good growth. And you've done very well...
Applauds.
Thanks bjc. Yes the readily available fundamental info is rather limited-last Nov. IPO. The stock could be getting a bit pricey, but then again probably not, if the growth continues. The potential for continued strong growth is definitely there. Looks like IBD is on to it now. Was just featured on their "New America" page and #2 on "stocks on the move" (supposedly very strong insitutional buying) The one thing I fear, is possible upcoming dilution... Other "stocks on the move" Fri were ANW, OMTR, CMED, MCD, most of which broke out, ANW big time.
Quote from: mitchjas on September 15, 2007, 10:01:02 PM
Good job BigSully. I'd call it a breakout. Looks like you have the pulse on this one!
Applauds!
Here's the chart.
Thanks, Mitchjas. What would be a reasonable technical target for this breakout?
I don't think this PR is available on Yahoo anymore, nor does my link to it work anymore. Thought I would post for anyone interested.
Stanley Marks Success of State Department's Largest Passport Processing Facility
Ribbon-Cutting Ceremony Being Held Today
ARLINGTON, Va., June 14 /PRNewswire-FirstCall/ -- Stanley, Inc. (NYSE: SXE), a leading provider of systems integration and professional services to the U.S. Federal Government, announced that a ribbon-cutting ceremony is being held today to mark the successful opening of the Arkansas Passport Center (APC) in Hot Springs, Ark. Stanley is responsible for directing facility operations and the printing, quality control and mailing of U.S. passports as well as other travel documents.
(Logo: http://www.newscom.com/cgi-bin/prnh/20040106/DCTU010LOGO )
The APC is a mega-processing center that will be the Department of State's largest passport production center. At full capacity, planned by the end of 2007, it will produce more than 10 million passports per year. The APC opened March 27, and has produced more than 130,000 passports to date. It represents a dynamic new approach to the production process, separating the printing from the processing and adjudication functions supported by the other centers.
"I commend our employees and subcontractors, our State Department colleagues, the state and local representatives, and all of the other individuals who were so instrumental in preparing the facility to be operational so quickly," said Phil Nolan, chairman, president and chief executive officer of Stanley. "We look forward to contributing to the successful future of the Arkansas Passport Center."
"With the opening of the Center, the State Department will significantly increase their production capacity to meet growing demand and provide timely services to the American public," said Eric Wolking, vice president of Stanley's federal agency programs.
The Department of State established the APC in response to the anticipated rise in passport demand resulting from the new passport rules of the Western Hemisphere Travel Initiative. It is anticipated that over 17 million passports will be produced in fiscal year 2007, compared with 12 million in fiscal year 2006.
Maura Harty, the Assistant Secretary of State for Consular Affairs and the Governor of Arkansas, Mike Beebe, will be in attendance at the ribbon cutting, as well as the Mayor of Hot Springs, Mike Bush, and other government officials.
Upon winning the 10-year contract in October 2006, Stanley had 120 days to open the new facility and begin production. The company reviewed 370 metropolitan areas over a six-month period and chose Hot Springs because of its strong local labor force, its proximity to transportation hubs, and the deep involvement of state and local government officials. The shell of the facility was built in 2003 and is owned by the Garland County Economic Development Corporation (GCEDC).
Stanley has more than 1,000 employees and subcontractors overall working on State Department contracts. The company currently delivers professional services, passport application processing services, technology support, and logistics support to the State Department's Bureau of Consular Affairs/Passport Services Directorate. Stanley has worked with the State Department since 1992, beginning with operations at the National Passport Center in Portsmouth, N.H.
About Stanley
Stanley (NYSE: SXE) is a provider of information technology services and solutions to U.S. defense and federal civilian government agencies. Stanley offers its customers systems integration solutions and expertise to support their mission-essential needs at any stage of program, product development or business lifecycle through five service areas: systems engineering, enterprise integration, operational logistics, business process outsourcing, and advanced engineering and technology. Headquartered in Arlington, Va., the company has more than 2,700 employees at over 100 locations in the U.S. and worldwide. In 2007, Stanley was recognized by FORTUNE(R) magazine as one of the "100 Best Companies to Work For." Please visit http://www.stanleyassociates.com for more information.
Any statement in this press release about future expectations, plans and prospects for Stanley, Inc., including statements containing the words "estimates", "anticipates", "plans", "expects" and similar expressions, constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Actual results may differ materially from those indicated by such forward-looking statements, as a result of various important factors discussed in our Annual Report on Form 10-K filed with the Securities and Exchange Commission (SEC) on June 1, 2007 and additional filings with the SEC. In addition, the forward-looking statements included in this press release represent our views as of June 14, 2007. We assume no obligation to publicly update or revise any forward-looking statements made herein or any other forward-looking statements made by us, whether as a result of new information, future events or otherwise.
SOURCE Stanley, Inc.
CONTACT: Joelle Pozza of Stanley, +1-703-310-3218,
[email protected]; or Steve Royster of Department of State, +1-202-647-2114,
[email protected]
Other "stocks on the move" Fri were ANW, OMTR, CMED, MCD, most of which broke out, ANW big time.
[/quote
another big day for ANW on even bigger volume. Hmmm.
Quote from: BigSully1 on September 17, 2007, 05:48:56 PM
Other "stocks on the move" Fri were ANW, OMTR, CMED, MCD, most of which broke out, ANW big time.
[/quote
another big day for ANW on even bigger volume. Hmmm.
SXE stalling a bit, ANW still rallying strong.
New contract wins;
keep em coming boys.
http://biz.yahoo.com/prnews/070924/nem051.html?.v=19
http://biz.yahoo.com/prnews/070920/neth024.html?.v=26
Quote from: BigSully1 on September 24, 2007, 09:47:05 AM
New contract wins;
keep em coming boys.
http://biz.yahoo.com/prnews/070924/nem051.html?.v=19
http://biz.yahoo.com/prnews/070920/neth024.html?.v=26
A bit of a delayed reaction to the new contracts, seems like there always is on SXE, but is now reacting favorably last couple days. Nice. Has exceeded my ST target of 26.70 now (thats the best I could come up with for a technical target), but that was before the new contracts. Think I'll push it a little further....
What a run!
Applaud again Sully. This has been a dandy for you...
Quote from: bjc on September 27, 2007, 06:38:11 PM
What a run!
Applaud again Sully. This has been a dandy for you...
Thanks bjc. You've been doing very well yourself. Did you ever replace AUY with another? I intend to buy back AUY again eventually, just waiting to see how it shakes out now. Added more SLW yesterday and is now by far my largest PM holding. Got silver?
I switched over to FCX, Freeport-McMoran. It is basically 80% copper and 10 % gold and 10 molybdenum.. Goldman is estimating $16 in EPS over the next 4 quarters.
Some members on the Yahoo! message board have done some excellent fundamental analysis. FCX took over Phelps Dodge, who was a bigger company, about 6 months ago, maybe a little longer. When the takeover was complete, FCX had about $14 billion in debt. They've already paid that debt down to $7.7 billion.
When FCX is debt free, I think it deserves a PE in at least the 12 range. This gives you an approximated 12 x 16. You know the market thinks ahead, this will start to be going through the street's heads. It may be a bumpy ride up, but I'll see my FCX target at $192. There's other factors, such as Phelps Dodge's costless collars that are limiting EPS now. They were a hedge PD made, and are maximizing the cost of copper for 450 million pounds a year at $2. This will rise to the $3.6x, whatever it is now that FCX makes. Currently it's a $107 stock.
FCX is a CASH COW.
most recent contract;
http://biz.yahoo.com/prnews/071004/neth047.html?.v=25
Increase in credit facilities relieves some dilution concerns
http://biz.yahoo.com/prnews/071010/new043.html?.v=24
Earning due Nov. 1
.27 on 150.2M vs .24/136M consensus, raises 2008 guidance again
Source: Stanley, Inc.
Stanley Reports Record Financial Results for Second Quarter Fiscal Year 2008
Thursday November 1, 4:00 pm ET
Quarterly Highlights:
- Revenue increases 53% overall, 42% organic(1), to $150.2 million;
- Diluted EPS of $0.27;
- Bookings total $524.1 million; and
- Financial guidance increased for Fiscal Year 2008.
ARLINGTON, Va., Nov. 1 /PRNewswire-FirstCall/ -- Stanley, Inc. (NYSE: SXE - News), a leading provider of systems integration and professional services to the U.S. federal government, today reported record revenue and earnings for the second quarter of fiscal year 2008 ended September 30, 2007.
ADVERTISEMENT
(Logo: http://www.newscom.com/cgi-bin/prnh/20040106/DCTU010LOGO )
Stanley's second quarter fiscal year 2008 revenue and earnings results exceeded the company's prior guidance. Because of new contract awards, faster-than-expected ramp-up of contracts awarded in the first and second quarters of fiscal year 2008, and modifications to existing contracts that have exceeded expectations, the company has increased its fiscal year 2008 revenue and earnings guidance.
Second Quarter Fiscal Year 2008 Results:
Revenue for the second quarter ended September 30, 2007 was $150.2 million, an increase of 53 percent over year-ago second quarter revenue of $98.2 million. Organic revenue growth was 42 percent. Year-over-year revenue growth for the second quarter resulted primarily from growth in passport services, expansion of systems integration work under the SPAWAR corporate production contract, increased work supporting Army RESET programs, continued capture of market share across many of the company's service areas, and revenue from the Techrizon acquisition.
EBITDA(2) was $13.4 million for the quarter, an increase of 57 percent over EBITDA of $8.5 million in the year-ago quarter. EBITDA margin for the second quarter increased to 8.9 percent from 8.7 percent a year earlier due primarily to continued efficiencies realized in the company's general and administrative infrastructure on a higher revenue base. Operating income was $11.6 million, up 69 percent from $6.9 million in the same quarter of last fiscal year. Operating margin increased to 7.7 percent from 7.0 percent in the second quarter of fiscal 2007, due to the factors improving EBITDA as well as depreciation and amortization and deferred compensation expenses representing a lower percentage of revenues.
Net income for the quarter was $6.3 million, or $0.27 per diluted share, versus $2.4 million, or $0.15 per diluted share, a year ago.
Contract backlog at September 30, 2007 was approximately $1.4 billion, up 38 percent from June 30, 2007, and up 43 percent from September 30, 2006.
Second Quarter Fiscal Year 2008 and Recent Highlights:
-- Second quarter bookings totaled $524.1 million, equating to a quarterly
book-to-bill ratio of 3.5:1.
-- New business awards and additional tasking in the second quarter of
fiscal year 2008 included:
-- A $267 million, five-year contract to operate the U.S. Army's Field
Logistics Readiness Centers at Fort Campbell, Ky. and Lexington,
Ky.;
-- A $225 million, three-year, indefinite delivery, indefinite quantity
(ID/IQ) contract for the U.S. Citizenship and Immigration Services
(USCIS), Department of Homeland Security;
-- A $115 million, five-year ID/IQ contract to provide technical and
analytical support to the U.S. Navy's Commander Operational Test and
Evaluation Force;
-- A $76 million, five-year contract and an $8 million, four-year
contract to provide IT life cycle support of Standard Army
Management Information Systems for the U.S. Army Reserve Command
(USARC) and to continue support of the USARC Fleet Management
System, respectively. Both represent additional tasking under
Stanley's Field and Installation Readiness Support Team (FIRST)
prime contract;
-- A $17 million, five-year contract and an $8 million, five-year
contract to provide sustainment, support and enhancement for the
Marine Corps Recruiting Information Support System (MCRISS) and to
provide network operations support for the U.S. Marine Corps
Recruiting Command (MCRC), respectively; and
-- A $4 million, 10-month contract providing the Army Materiel Command
and Army Sustainment Command with the enterprise foundation and
information solutions critical to Army RESET programs.
-- On October 10, 2007, Stanley announced that it had signed an amendment
and restatement of its Senior Revolving Credit and Term Loan Facility
("Senior Credit Facility"). The new Senior Credit Facility includes
the following provisions:
-- A $100 million increase in the revolver, to $150 million;
-- An accordion feature for increase of the revolver commitment up to
an additional $125 million;
-- A more favorable pricing grid lowering the applicable margin;
-- An extension of the revolver commitment termination date to October
31, 2012; and
-- Less restrictive financial covenants and more flexibility for
potential future acquisitions.
Six-Month Fiscal Year 2008 Results:
For the first six months ended September 30, 2007, revenue increased 49 percent to $283.7 million compared with $190.7 million for the same period in the prior fiscal year. Organic revenue growth for the first six months of fiscal year 2008 was 38 percent. EBITDA for the six-month period ended September 30, 2007 increased 54 percent to $25.1 million compared with $16.2 million for the first six months of fiscal year 2007. EBITDA margin for the first six months of fiscal year 2008 was 8.8 percent, up from 8.5 percent for the same period a year earlier. Operating income for the first six months of fiscal year 2008 was $21.6 million, an increase of 67 percent over operating income of $12.9 million reported a year earlier. Operating margin for the first six months of fiscal year 2008 was 7.6 percent compared with 6.8 percent in the first six months of fiscal year 2007. Operating margin increased year- over-year primarily as a result of efficiencies realized in the company's general and administrative infrastructure on a higher revenue base as well as depreciation and amortization and deferred compensation expenses representing a lower percentage of revenues.
Net income for the first six months of fiscal year 2008 was $11.7 million compared with net income for the same period last year of $4.9 million. The primary reasons for the increase in six-month net income were the factors affecting operating income and lower interest expense. Diluted earnings per share for the first six months of fiscal year 2008 were $0.50 compared with diluted earnings per share of $0.30 for the first six months of fiscal year 2007.
Cash flow provided by operations for the six months ended September 30, 2007 was $0.7 million, up $7.1 million from the $6.4 million used in operations for the three months ended June 30, 2007. This increase was driven by a decrease in days sales outstanding ("DSO") and increased net income. DSO for the quarter was 77 days, down from 81 days for the first quarter of fiscal year 2008.
Management's Outlook:
Based on the company's current backlog and management's estimate as to future tasking and contract awards, Stanley is issuing guidance for the third quarter of fiscal year 2008 and increasing guidance for the full fiscal year. The table below presents management's current expectations about financial performance for the third quarter and full fiscal year, based on information available at this time:
Third Quarter Fiscal Year 2008
Fiscal Year 2008 Ending Ending
December 31, 2007 March 31, 2008
Revenue $152 - $162 million $590 - $610 million
Diluted EPS $0.27 - $0.29 $1.05 - $1.10
Diluted share count 23.6 - 23.7 million 23.6 - 23.7 million
"In the second quarter of fiscal year 2008, Stanley saw growth throughout the value chain that makes up our systems integration framework of IT solutions," said Phil Nolan, Stanley's chairman, president and CEO. "Second quarter bookings were strong, especially from contracts related to logistics and sustainment work for the U.S. Army and Marine Corps."
Nolan concluded, "At the midpoint of our fiscal year, our visibility into current and recently awarded contracts has further improved and we are able to increase financial guidance. The increase in our FY08 guidance is driven by several recent and significant awards and continued expansion of existing contracts."
As previously announced, Stanley management will conduct a conference call today at 5:00 p.m. EDT to discuss fiscal second quarter 2008 results. To obtain the dial-in number, please contact Rashida Gofney at (703) 310-3209. The conference call will be broadcast simultaneously on the Investor Relations page of the company's website, http://www.stanleyassociates.com. Investors are advised to log on to the website at least 15 minutes prior to the call to register, download and install any necessary audio software. An archive of the webcast will be available for one week following the live event.
About Stanley
Stanley (NYSE: SXE - News) is a provider of information technology services and solutions to U.S. defense and federal civilian government agencies. Stanley offers its customers systems integration solutions and expertise to support their mission-essential needs at any stage of program, product development or business lifecycle through five service areas: systems engineering, enterprise integration, operational logistics, business process outsourcing, and advanced engineering and technology. Headquartered in Arlington, VA, the company has approximately 3,000 employees at over 100 locations in the U.S. and worldwide. In 2007, Stanley was recognized by FORTUNE® magazine as one of the "100 Best Companies to Work For." Please visit http://www.stanleyassociates.com for more information.
The above-referenced statements may contain forward-looking statements that are made pursuant to the safe-harbor provisions of the Private Securities Litigation Reform Act of 1995. Expressions of future goals, financial information or reporting, and similar expressions reflecting something other than historical fact, are intended to identify forward-looking statements, but are not the exclusive means of identifying such statements. These forward- looking statements may involve a number of risks and uncertainties, which are described in the company's filings with the Securities and Exchange Commission. These risks and uncertainties include: changes in federal government procurement laws, regulations, policies and budgets; risks relating to contract performance; changes in the competitive environment (including as a result of bid protests); and the other factors discussed in the company's Annual Report on Form 10-K for the year ended March 31, 2007, as filed with the SEC on June 1, 2007 and the Quarterly Report on Form 10-Q for the quarter ended June 30, 2007, as filed on August 9, 2007. The risk factors set forth in the Form 10-K and Form 10-Q under the caption "Risk Factors" are specifically incorporated by reference into this press release. All forward- looking statements are based on current plans, expectations, and beliefs and speak only as of the date of such statements. The company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
(1) Organic revenue growth, as presented, measures revenue growth adjusted
for the impact of acquisitions. Stanley believes that this non-GAAP
financial measure provides useful information because it allows
investors to better assess the underlying growth rate of the company's
existing business. This non-GAAP financial measure should not be
considered in isolation or as a substitute for measures of performance
prepared in accordance with GAAP. Please see the reconciliation table
at the end of this release.
(2) EBITDA is a non-GAAP measure that is defined as GAAP net income (loss)
plus other expense (income), interest expense, income taxes, and
depreciation and amortization. We have provided EBITDA because we
believe it is a commonly used measure of financial performance in
comparable companies and is provided to help investors evaluate
companies on a consistent basis, as well as to enhance an
understanding of our operating results. EBITDA should not be construed
as either an alternative to net income as an indicator of our
operating performance or as an alternative to cash flows as a measure
of liquidity. Please refer to the table at the end of this release
that reconciles GAAP net income to EBITDA.
Condensed Consolidated Statements of Income
(unaudited)
(in thousands, except per share amounts)
Three Months Ended Six Months Ended
September 30, September 30,
2006 2007 2006 2007
Revenue $ 98,191 $ 150,239 $ 190,746 $ 283,720
Operating costs and
expenses:
Cost of revenues 83,116 127,556 161,419 239,879
Selling, general
and administrative 6,559 9,322 13,080 18,750
Amortization of
deferred compensation 355 67 604 142
Depreciation and
amortization 1,306 1,702 2,694 3,312
Total operating
costs & expenses 91,336 138,647 177,797 262,083
Operating income 6,855 11,592 12,949 21,637
Other income (expense):
Other income
(expense) (804) 6 (544) 6
Interest expense
- net (2,034) (1,138) (4,179) (2,200)
Total other expenses (2,838) (1,132) (4,723) (2,194)
Income before taxes 4,017 10,460 8,226 19,443
Provision for
income taxes (1,595) (4,125) (3,320) (7,744)
Net income $ 2,422 $ 6,335 $ 4,906 $ 11,699
Earnings per share:
Basic $ 0.16 $ 0.29 $ 0.34 $ 0.53
Diluted $ 0.15 $ 0.27 $ 0.30 $ 0.50
Weighted average shares:
Basic 14,684 22,034 14,551 21,966
Diluted 16,533 23,591 16,435 23,478
Selected Consolidated Balance Sheet Data
(unaudited)
(in thousands)
As of As of
March 31, 2007 September 30, 2007
Cash $12,736 $-
Accounts receivable - net $110,029 $ 131,065
Line of credit $- $18,494
Current portion of long-term debt $1,000 $1,000
Long-term debt - net of current portion $36,750 $36,250
Stockholders' equity $134,152 $ 148,961
Organic Growth Reconciliation
(unaudited)
(in thousands)
Three Months Ended
September 30,
2006 2007 Percent Growth
Total revenue, as reported $98,191 $150,239 53.0%
Plus: Revenue from acquired
companies for the comparable
prior year period 7,628 -
Organic Revenue $105,819 $150,239 42.0%
Six Months Ended
September 30,
2006 2007 Percent Growth
Total revenue, as reported $190,746 $283,720 48.7%
Plus: Revenue from acquired
companies for the comparable
prior year period 14,893 -
Organic Revenue $205,639 $283,720 38.0%
EBITDA Reconciliation
(unaudited)
(in thousands)
Three Months Ended Six Months Ended
September 30, September 30,
2006 2007 2006 2007
Net income $2,422 $6,335 $4,906 $11,699
Provision for income taxes 1,595 4,125 3,320 7,744
Interest expense - net 2,034 1,138 4,179 2,200
Other expense (income) 804 (6) 544 (6)
Depreciation and
amortization 1,306 1,702 2,694 3,312
Amortization of deferred
compensation 355 67 604 142
EBITDA $8,516 $13,361 $16,247 $25,091
Revenue $98,191 $150,239 $190,746 $283,720
EBITDA Margin 8.7% 8.9% 8.5% 8.8%
--------------------------------------------------------------------------------
Source: Stanley, Inc.
New high.
Got a double, took 2/3 off the table. Up 18%
Sold a bit early, could have got another 7% out of it. Oh well, still happy, and still holding 1/3.
Do you watch the TV show Curb Your Enthusiasm? Larry David is playing the card game "war" with his new house mate, and they keep going... I declare war BOOM! The longs declared war here and crushed. Great work, what was your catalyst on your buy on this? Or, worded differently, why did you like this stock? It's been killer.
1) I really like the sector
2) I have a friend in Homeland Security that is very knowledgeable about them :)
3) I know that a former Admiral - forget his name, was the founder and is very well connected in government.
I was very cautious when I first bought in being a new IPO but, but as all the big contracts came rolling in and my sentiments were confirmed, I kept adding more.
I will probably sell some more soon, then put the rest away for the LT. I think insiders will probably begin selling some soon now, and there might be dilution coming up. I wouldn't advise buying here and now, but I still think they have a great future.ahead.
Quote from: BigSully1 on November 02, 2007, 01:41:22 PM
1) I really like the sector
2) I have a friend in Homeland Security that is very knowledgeable about them :)
3) I know that a former Admiral - forget his name, was the founder and is very well connected in government.
I was very cautious when I first bought in being a new IPO but, but as all the big contracts came rolling in and my sentiments were confirmed, I kept adding more.
I will probably sell some more soon, then put the rest away for the LT. I think insiders will probably begin selling some soon now, and there might be dilution coming up. I wouldn't advise buying here and now, but I still think they have a great future.ahead.
Insiders have been selling some, but stock is holding up very well. On the IBD 100 now.
New high today.
http://stockcharts.com/h-sc/ui?s=SXE&p=D&b=5&g=0&id=p48494020298
Nice move on volume again today.
Stanley Awarded GSA Alliant Contract to Provide Integrated Information Technology Solutions
Tuesday January 8, 8:00 am ET
Builds on relationship with GSA to leverage deep systems integration experience under 10-year contract valued at up to $50 billion for all contractors
ARLINGTON, Va., Jan. 8 /PRNewswire-FirstCall/ -- Stanley, Inc. (NYSE: SXE - News), a leading provider of systems integration and professional services to the U.S. federal government, today announced that it was awarded an Alliant Government-wide Acquisition Contract to provide infrastructure, application and management services to support the integrated IT solution requirements of U.S. federal government agencies worldwide.
ADVERTISEMENT
(Logo: http://www.newscom.com/cgi-bin/prnh/20040106/DCTU010LOGO )
Stanley was awarded the opportunity to provide IT services under a 10-year, multiple award/indefinite delivery, indefinite quantity contract with a $50 billion ceiling for all awardees, including a five-year base and one five-year option. The contract will support both domestic and international programs, as well as the Federal Enterprise Architecture and DOD architecture models.
"Our long-standing relationship with GSA has been an important part of our growth and we are proud to continue to offer our support through this vital organization," said Phil Nolan, Stanley chairman, president and CEO. "We look forward to working with new and existing customers to leverage this important contract vehicle."
The Alliant contract, which replaces the GSA's Millenia and ANSWER (Applications and Support for Widely diverse End-User Requirements) contracts, provides all Department of Defense and federal civilian agencies with more streamlined access to a broad range of management and technical support services for integrated IT solutions.