Kratos Defense Stock Rises as Earnings Surprise Plays Out

Blooming sales helped-a 17% jump in Q2. Nearly all of it was organic growth, which sounds nice unless you remember that “growth” is often just a thin patch of grass amidst a field of drought. That really means business might be slowing; their book-to-bill ratio was only 0.7. For those of us with a fondness for fiscal stability, that’s a fancy way of saying “maybe not a lot of new orders coming in.”







