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Three Intrepid Small Cap Stocks Set for Take Off

American Science and Engineering creates technology to scan cargo and cars for bombs and some believe it could be ready to soar.

American Science and Engineering (ASEI) creates technology to scan cargo and cars for bombs. Mark Travis, chief investment officer of Intrepid Capital Funds, said the company has a clean balance and would be a great acquisition for larger defense contractor. 'With the increase in concerns about terrorism the demand for security measures has risen,' said Travis. 'American Science and Engineering is a leader in the space and even supplied the technology to protect the Pope.' Shares of American Science and Engineering are down 30% so far this year, primarily due to a big move down following a third quarter loss in February.

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