I've heard similar things, i.e. that the deal has been as good as done for a while. Stocks with limited broker coverage run on news flow more than anything else. When a company's news flow is restricted due to the sensitive and confidential nature of its business the share price will inevitably suffer. That is, until such point where a company is given the benefit of the doubt rather than being greeted with cynicism, which is justified in a lot of cases.
Assuming the JSF deal does get the official green light sometime this year I think the share price will react out of proportion to the value of that deal. This is because the company will go from having an unknown technology with an unproven record of being able to monetise that technology. To a proven technology (as far a the military are concerned) that management has effectively monetised once, with every chance of doing it again.
QHL Price at posting:
30.6¢ Sentiment: LT Buy Disclosure: Held
