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By Gene G. Marcial Despite the concern over terrorism, many high-flying security-related stocks have been shot down. One small outfit that some pros say could turn out to be a long-run winner is RAE Systems (RAE
), a maker of chemical and radiation detection monitors. The stock's drop from 6.50 in April to 5.12 "creates an attractive entry point," says Gary Leibowitz of Jefferies, who rates it a buy. Jefferies has done banking for RAE. RAE has partnered with China International Marine Containers, a large cargo container manufacturer, which is testing RAE's detectors in three shipping routes. The company expects they will be successful. Kevin Dede of securities firm Merriman Curhan Ford, who also rates RAE a buy, notes Homeland Security is also testing RAE's monitors to detect hazardous materials in containers. Leibowitz figures RAE will earn 6 cents a share on sales of $44.6 million in 2004 and 10 cents on $57 million in 2005.Note: Unless otherwise noted, neither the sources cited in Inside Wall Street nor their firms hold positions in the stocks under discussion. Similarly, they have no investment banking or other financial relationships with them. See Gene on Fridays at 1:20 p.m. EST on CNNfn's The Money Gang.