austal's second lcs launched in us, page-18

Hey Shelle..

Well i've had a good read of the results, it was not a great 2011.....but is this overdone.....still not sure. I'm more of a trader and to be honest the fact that the low buys are taken out much more readily than the sells is worrying. As soon as someone puts up a decent amount at 1.75 it's taken.
Bit of a lift to see a larger buy come in for 1.74 before close.
There were budget overruns on a new US defence vessel......not exactly a surprise, but i feel it was positive about the near future. The Phillipines move is an example of management trying to rectify the poor commercial market for the Henderson site.

I'd really appreciate some more knowledgeable views.