HSR Breakout
By Johns Wu on Jun 15, 2006
Considering the market meltdown that we've been in lately, HSR has an amazing chart. HSR, Hi-Shear Technology Corp., is in the aerospace defense industry.
According to Yahoo, "its products are used in missiles, launch vehicles, weapon systems, fighter aircraft ejection seats, and other applications." With all the turmoil in Iran, defense stocks might not be a bad idea.
4 Responses to “HSR Breakout”
Hey, I was looking at HSR: looks like a good story with 2-3 catalysts in the picture — were you aware that 73% of the shares outstdg are held by insiders? Hot damn!
Nice call on HSR. I sold when it dropped below 13, but now wish I had stayed in. close to 30 percent in two days. Nice nice call.
Good candidate for a short when it crosses down thru 10 and 25 moving averages. Have to move fast.
Patterns appear to be to obvious.
The low volume worries me.
Would appreciate comments on possible short squeeze
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my sources tell me LLL (L-3) has already talked to 2 investment banks about possibly selling the defense company (please keep it on the hush) now that the CEO (founder Frank Lanza) unfortunately passed away.
LLL is a play I really like because it focuses on several attractive defense niches: surveillance + reconnaissance systems. The firm is in terrific shape and carries roughly $1.50 in cash per share. At 17 X current EPS and 2 X book (a discount to its peers), the firm’s valuation has our attention. LLL pays a modest dividend and posts ROE that’s roughly in line with its industry average; technical support @ $75 level makes us comfortable with the risk/reward.