· 个股论点
微妙之处在于，Bressner 的出售极其积极。我最初没有买入 $OSS，因为其部门搞乱了综合利润率计算。但在发现其纯防御垂直领域的利润率后，我意识到它极其专业化。市场也会意识到这一点，并将其估值从大宗商品地位重估为高科技国防承包商溢价。算法可能会因营收变化而误解，但做多该股的投资者会认为这对他们持仓极为有利，因为这是一个高利润率、需求大于供给的垂直领域正在扩张。此外，还有 1.5 万亿美元的国防支出流向这家小型国防承包商以及像 $AIRO 这样的无人机公司，因此我对该股整体看涨（尤其是在向机器人领域过渡时）。
Nuanced, the Bressner sale is extremely extremely positive. I didn’t enter $OSS originally because that division messed up blended margin calculations. But after discovering their pure play defense vertical and margins, I realized it was extraordinarily specialized. Market will realize that too and re-rate it from commodity status to a high tech dod contractor premium. Algorithmically they might misunderstand from revenue changes but the people who long the stock will see this as incredibly positive on their position scaling a high margin, demand > capacity vertical. Then there’s the $1.5T in defense spend following down to this small defense contractor and drone companies like $AIRO, so just bullish all around on the stock (esp as we transition to robotics)