DynCorp International Inc (DCP)
Robert McKeon,
a director of DCP, bought about $2.0 million worth of stocks in the last couple of weeks, including about 97,000 shares on August 15, 2006, according to SEC filing. The company went to public in early may at $15 and has been falling to current $9.75. It has a decent first quarter of FY07 (09/07), with 26% growth of its revenues, improved EBITDA margin and operating margin, and earned 0.17/sh on a pro forma basis. It also provided fairly good guidance. Based on its pro forma earnings, it is significantly under-valued, and I guess that why insiders are back in trucks. CIBC has a $15 target on the stock, implying a 50%+ return. I am putting this one on watching list.
Position: None.
a director of DCP, bought about $2.0 million worth of stocks in the last couple of weeks, including about 97,000 shares on August 15, 2006, according to SEC filing. The company went to public in early may at $15 and has been falling to current $9.75. It has a decent first quarter of FY07 (09/07), with 26% growth of its revenues, improved EBITDA margin and operating margin, and earned 0.17/sh on a pro forma basis. It also provided fairly good guidance. Based on its pro forma earnings, it is significantly under-valued, and I guess that why insiders are back in trucks. CIBC has a $15 target on the stock, implying a 50%+ return. I am putting this one on watching list.Position: None.
posted by ZIGZAG at 8/17/2006 03:55:00 PM
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