Re: BOUGHT (even more !) .......... DHB

Apparently the Zylon stuff is a large part of their business. I'm not sure
how long it will take em to convert to other types and also obtain customers
for the new type. There may be an issue of law suites. I had planned on
doubling up at 5.01. Now I think I will dump.

http://www.fool.com/News/mft/2005/mft05083022.htm?logvisit=y&source=estmarhln001999&npu=y

--
Jerry



"ausound" <ausound@xxxxxxxx> wrote in message
news:Xns96C28B0AB5084ausound6urlcom@xxxxxxxxxxxxxxxxxx
> BOUGHT (even more !) .......... DHB
>
> increased my position by 20% with a limit order at $5.16
>
> while the reason for the stock's plunge I didn't see comin' the stock
> action I was watching for quite some time. Didn't know it was gonna be
> one
> fell swoop of a plunge, thought it would stair step down
>
> this morning's plunge passed right thru my $5.65 order and stopped one
> cent
> above my $5.01 order which was sizable in relation to my position.
>
> after that I chased the price for a fill.
> finally decided to reduce the share count of the order and raise the price
> to a point I ~knew~ I could get filled and get away from the computer.
>
> the reason for the plunge was the National Institute of Justice has
> suspended its certifications of all Zylon vests in the marketplace
>
> this whacks armor holdings (AH) as well yet armor reckons a 19.4M$ charge
> whereas DHB is taking a 60M$ charge
>
> Armor Holdings has a Market Cap (intraday): 1.45B and Revenue (ttm): 1.33B
>
> DHB has Market Cap (intraday): 231.42M Revenue (ttm): 353.27M
>
> I don't know what the product mix of vests to total revenus is, but if all
> things are fairly equal (and again I don't know) but if they are equal,
> one
> company is over or under stating the situation.


.

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