Long Position on CUB @ $56.25 on 9/24/2020 (Momentum)

Cubic Corporation (CUB) designs, integrates, and operates systems, products, and services for command, control, communications, computers, intelligence, surveillance, and reconnaissance (C4ISR) customers worldwide.

The company operates through three segments: Cubic Transportation Systems (CTS), Cubic Mission Solutions (CMS), and Cubic Global Defense Systems (CGD).

The CTS segment integrates payment and information technology and services for intelligent travel solutions. It delivers integrated systems for transportation and traffic management; and tools for travelers to choose the smartest and easiest way to travel and pay for their journeys, as well as enables transportation authorities and agencies to manage demand across the entire transportation network.

The CMS segment offers networked C4ISR solutions for defense, intelligence, security, and commercial missions.

The CGD Systems segment supplies live, virtual, constructive, and game-based training solutions to the U.S. Department of Defense, other U.S. government agencies, and allied nations. Cubic Corporation has a partnership agreement with the University of Alabama in Huntsville (UAH) College of Nursing to develop and test an emergency ventilator device.

Elliott Management has taken a 15% stake in CUB. Elliott usually forces changes to company's management, so this stock should be moving higher.

Entry Point: $56.25

Trading Range: $30.86 to $75.20

Stop Loss: $53.50

Target Price: $61.85

Updates

9/28/2020 11:36:54 AM

CUB closed at $60.47

Position closed on 9/28/2020 at price of $60.47 with a 7.50% gain in 4 days.

Back to Portfolio