Crude oil futures closed at $61.37/bbl., fueled by news of more unrest in Nigeria and a U.S. government report that inventories had their biggest one-week decline since July 2006.
Below-normal temperatures in the U.S. Northeast and continued strong demand for U.S. distillates, including heating oil and gasoline, are bullish indicators for the 10-Q Detective’s stock portfolio—which is heavily weighted towards energy-related stocks.
“The really unhappy person is the one who leaves undone what they can do, and starts doing what they don't understand; no wonder they come to grief.” – Johanne W. Goethe
The price of the Common Stock of blast-protected military vehicle maker Force Protection (FRPT-$7.20) has dropped an armored plate, losing about 10.5% in value since our last report on the Company (less than two weeks ago). Might this have something to do with the fact that defense contractor BAE Systems recently moved to introduce the RG-33L as a Cougar/Buffalo competitor?
Force Protection has been working as a sub on a BAE contract to supply 4x4 Iraqi Light Armored Vehicles—which are similar in design to the Cougar 4x4 . If BAE is successful in rolling out the RG-33L, might this squash persistent rumors of a BAE buyout of Force Protection?
10Q DETECTIVE Portfolio Transaction(s) Update
| STOCK | TRADE DATE | BUY | PRICE | NET COST | CURRENT VALUE | % CHANGE |
| PDS | 10-18-06 | 200 | $28.48 | $5,708.98 | $6,060 | 6.14% |
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1 comment:
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