SSI
Stage Stores Inc.
stock NYSE

This is interesting. It'll be held in a trust, with the beneficiary fully disabled and on SSI, so taxes weren't really much of a concern, but still.

if my math is right $3.5M in 22 years is only worth $**1,790,812.62 in 2025 dollars.** In my opinion not enough to perma-retire when you have to factor in healthcare, property taxes and gap money until SSI kicks in. But yes doing a portfolio of 90% broad-market index funds and 10% income generating stocks/etfs/BDCs,CLOs,REITs,MLPs with annual rebalancing should set them up for good income.

So you're right but I didn't think people would get the distinction of it being full and open, which in theory is an even more bullish signal due to them actually competing with some of the bigger players.
Regarding the contract being recompete, I didn't see that history with their acquisition of SSI but the previous contract was 33M as far as I can see so even if it is a recompete, it's significantly expanded. Not AS nice as new 66M in revenue but still nice.

That’s pretty much how all pensions work. Same as SSI. Same as any insurance.

They have prime contracts already - this is their first *full and open* (non-small business setaside) win.
I'm real happy for CTM but I am concerned this is a recompete win, meaning it's continued revenue rather than net-new - I say that because their SSI subsidiary had a similar sounding $55M contract that finished end of September, so the timeline aligns with a recompete.
Good news either way! But either this earnings or next will reveal if it's new revenue or not.

CTM announced a **$66.2 million, 5-year contract** for its SSI subsidiary