Sell: Calgon Carbon (CCC)
Updated from WSBI 776, December 16, 2015
Calgon Carbon (CCC) has amazing technology that helps mankind, but it has been stymied by the lack of government action to ensure clean air and clean water. We have been waiting 14 quarters for the government to act, and frankly we are sick of waiting. CCC is at the mercy of bureaucrats that are inept. We are lowering Calgon Carbon to a SELL because sales and earnings continue to suffer from government inaction.
Sell: Kratos Defense & Security (KTOS)
Updated from Investment Digest 757, May 21, 2014
Kratos Defense & Security (KTOS) revenues fell 3% YoY to $153 million, which led to a net loss of ($7.9) million, or ($0.13) per share. The stock tanked after the report, falling 14%. This is the first time in 16 quarters that KTOS has missed our estimate. We have a ‘one strike and you’re out policy’ so we are lowering KTOS to a SELL.
Tom Byrne, The Periscope Report, 4025 Sunset Ridge Drive, Canyon Ferry Crossing, Helena, MT 59602, 406-465- 4663, May 2016