ULBI - Ultralife: Business Model Still Uncertain
- Ultralife has worked over time to diversify their offerings both by industry and regionally, to overcome their reliance on US military contractor spending.
- Even so, the upcoming military spending fight in Washington will certainly have an impact on the company's next 2 years of operations due to contract cyclicality.
- As a result of these conflicting factors, I remain neutral on the company's next 12 to 24 months and maintain avoiding a long-term investment.
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Ultralife: Business Model Still Uncertain