2024-03-12 00:21:41 ET
Summary
- VSEC's past financial results have demonstrated strong revenue recovery and growth after the impact of COVID-19. Additionally, margins have been expanding annually as well.
- For 4Q23, VSEC continued to report strong revenue year-over-year growth. Both segments' margins have remained robust as well.
- VSEC has acquired Adesto and has announced its plan to acquire Turbine Control Inc. Both acquisitions are expected to bolster its growth outlook.
- However, the lack of margin of safety in its share price leads me to recommend a hold rating.
Synopsis
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VSE Corporation: Strong Growth Outlook But Share Price Lacks Margin Of Safety