Scanning Companies See Stock Rise After Xmas Day Attack
OSI Systems, which owns Rapiscan, which makes the Rapiscan WaveScan 200 I described here, just got a new 10 year contract with Puerto Rico for its cargo imaging system, called the Rapid Eagle. But Puerto Rico says it's not for terrorism, but crime, including tax evasion:
Director of the Puerto Rico Ports Authority, Mr. Alvaro Pilar-Vilagran, stated that "the Puerto Rico Ports Authority is implementing this unprecedented scanning program....The program aims to eliminate the import of drugs, illegal weapons and other contraband into Puerto Rico, while affording the Ports Authority a mechanism to fight tax evasion.
In the last three months, the company's stock has grown 67%, from $17.03 to $29.07. I doubt it's peaked yet. And this is interesting: The company's CEO is Deepak Chopra. According to the company on December 30 (Dow Jones Newswire, subscription, no link): [More...]
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