I liked Orbital Sciences (ORB) back in September,
but even I'm surprised at the better than 50% jump in the shares.
Successfully completing the first operational Cygnus cargo mission to
the International Space Station definitely helped, but so too did solid
guidance on revenue and free cash flow for 2013. As the Cygnus program
matures, recognized margins should move up and Orbital should unlock
significant free cash flow. Risks remain, though, in the company's
ability to keep the satellite business moving forward and resolving
potential supply issues for the Antares rocket.
Please follow this link:
Orbital Sciences Executing Better, But Business Remains Volatile
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