Skip to main content

View Diary: Body armor about to hit the fan - Part I (Updated w/NBC info) (209 comments)

Comment Preferences

  •  Excellent, Dburn. (2+ / 0-)
    Recommended by:
    MrHinkyDink, sxwarren

    Got any links for the capitalization/net worth info??? Pretty please??


    As nightfall does not come all at once, neither does oppression. - Justice William O. Douglas

    by occams hatchet on Thu May 17, 2007 at 07:51:09 AM PDT

    [ Parent ]

    •  Link to article. (3+ / 0-)

      Hope this is of some use.

      "You are coming to a sad realization. CANCEL or ALLOW?"

      by sxwarren on Thu May 17, 2007 at 08:19:01 AM PDT

      [ Parent ]

    •  Yahoo Finance (3+ / 0-)

      Is the easist way to get the numbers. They've updated to 2006. But they haven't gotten to Q1 2007. Keep in mind, net profits of 38 Mil (est which never matches cash flow) was hindered somewhat by the to top execs taking out 20 Million in cash ( which definitely hinders cash flow) becuase of the incredible accomplishment of seeing the stock hold $70.00 for 5 days.

      Scroll all the way to the bottom of the 06 results and look for Tangible Net Worth

      Yahoo is good for this as it takes time to go through the filings to get this stuff. I haven't checked insider sales recently, but that may be a look see. Also here is the article on the Exec Bounuses with a small excerpt:

      Revenue rose to $889.2 million, way up from $445.4 million in the year-ago period. Internal revenue growth for the Aerospace & Defense Group jumped nearly 70%, primarily due to higher volumes in ground vehicle armoring operations and supplemental armor components, such as motorized gunner protection kits and enhanced armored doors.

      But then the executives came calling. Armor said it had to book a charge for compensation bonuses paid to two executives, chief executive Warren Kanders and president Robert Schiller.

      The award becomes payable in the event that the company achieves within a three-year period, both rolling four-quarter EBITDA of $305 million and a per share closing stock price of $70 or more for five consecutive trading days. Given the first-quarter results, the EBITDA target was achieved and the company now thinks that it is probable that the $70 per share stock price condition also will be achieved.

      I believe the bonuses were in the neighborhood of 35% of net profits.

      Support the Troops, Impeach Bush
      Oversize Rants Available Overnight at
      The Image Factory

      by Dburn on Thu May 17, 2007 at 08:37:48 AM PDT

      [ Parent ]

Subscribe or Donate to support Daily Kos.

Click here for the mobile view of the site