Thursday, March 13, 2008

Big News on DFNS

Check out the above link for the news.

Basically the company will get $6 million from Israel for compensation for evacuatation of persons and companies from the Erez Industrial Zone in the Gaza Strip a couple of years ago.

That $6 million is CASH IS HUGE.

They already had a book value of about .24.

Add $4-5 million in cash to that after taxes it adds .14-.17 to the book value. That means the book value would be .38-.41 by itself. And a TON of it in cash.

Its great news. The stock is up some today but should be higher than that just based on that news.

I think it will fill the gap it made back in the fall and rally up to the .50 range before to long.
10k report is also due in the next 2 weeks.

I will post more when I can.


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