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April 26, 2005

SpeculatingStocks.com Stock Pick: VSE Corp (VSEC)

Stock Price: $28.61


We released VSEC as a stock pick on December 30th of last year as a at $24.67. VSEC hit $31.79 on April 6th for a gain of over 28%. VSEC has been one of the few stocks performing strongly over the past three months.

VSE Corp provides diversified services to the engineering, energy and environment, defense, and homeland security markets from more than 15 locations across the United States and around the world.

The company just received a $544 million US Navy contract to support and maintain ships transferred to foreign navies. The contract is expected to be fulfilled by 2010. This major contract comes after the company received a total of $54 million in new contracts through their Systems Engineering Division.

VSE Corp has been improving their profits over the last several quarters and continue to bring in large contracts. VSEC is still undiscovered, once discovered it will not take long for it to move up much higher. There are only 1.50 million shares in the float.

 
     
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