Take a look at the Last two companies


Four Security Companies Doing Well in a Bad Environment
by: Jeff Kessler posted on: July 03, 2008 | about stocks: CSR / FLIR / ICXT / ID


Government contracts are very important for the security industry, but ultimately most of them – even the largest – should mostly serve as beta-tests and reference sites for what should be a much larger industrial/commercial and institutional market. Over the long term, we believe commercial/industrial contracts are steadier and involve greater recurring revenues. But, of course, during economic slowdowns it might just be a big help to depend on those Government contracts.



Some of the companies we have written up are doing just that – accelerating their Government business. Whether it is the slow, but inexorable movement to improve identity management here, or protect sensitive domestic installations and ports, or to protect troops in the war theater, the companies that are winning these contracts (especially those smaller companies winning subcontracts and branding themselves in the process) are actually doing quite well in a bad economic environment.



Below we detail four security companies in the security industry, three on which we have written blog posts, and one which we covered in a “past life." These companies are likely to at least meet, and possibly beat estimates or management guidance, simply because their Government contract momentum is so strong.



FLIR Systems. The first, and perhaps most obvious beneficiary to Government contracts in the security industry this year is FLIR (see “FLIR and Axis AB: A Tale of Two Video Technology Companies,â€