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Technology Stocks : LOCKHEED MARTIN, (LMT)
LMT 487.94-0.8%Nov 3 9:30 AM EST

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To: oilbabe who wrote (585)10/25/1999 8:45:00 PM
From: Eclectus  Read Replies (1) of 732
 
Stephen Leeb, Editor of Personal Finance pulled Lockheed Martin from his "value" segment of his Growth Portfolio. Leeb only recently added Lockheed to his Growth Portfolio in June. Below is his recent statements on Lockheed Martin.

June 9th - Adding Lockheed to his growth portfolio.
June 23rd - Responding to flak after Lockheed announced sharply reduced profits in 1999 and 2000.
October 27th - Pulling Lockheed from his growth portfolio.

June 9, 1999

"Lockheed is a poster child for profitability and steady growth. Operating margins are among the highest in the sector, while return on equity, perhaps the best measure of a company's long-term growth potential, is the highest...We're so impressed we're adding Lockheed Martin to the value section of our portfolio."

June 23, 1999

"Even if Lockheed languishes, it's a tempting takeover target. Free cash flow will still be about $2.50 a share in 2000. We're disappointed by the news but this is a unique franchise and an exceptional value."

October 27, 1999

"While Lockheed remains an excellent defensive holding, its long-term growth potential is substantially less than that of our other holdings."

What do you all think?
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