For those who might be looking for a growth value stock, I propose TXT as one you won't want to purchase (especially if you can't handle falling knives -g-).
stocksheet.com
From their web site (and with my update notes):
"Textron Inc. (NYSE: TXT) is one of America's largest and best-performing multi-industry companies. Headquartered in Providence, R.I., Textron ranks 154th on the FORTUNE 500 list of largest U.S. companies, and is among FORTUNE's "Global Most Admired Companies". (Update: and TXT has has been selected by IndustryWeek Magazine as one of the ``World's 100 Best-Managed Companies'' in the manufacturing industry)
Textron has achieved an average annual earnings-per-share growth rate of 23 percent since 1992, and has reported 10 consecutive years of quarter-over
-year-ago-quarter earnings growth. (Update: now with recent quarter it's 44 consecutive quarters, or eleven years.) Familiar brand names in our family of companies include: Bell Helicopter, Cessna Aircraft, E-Z-GO and Ransomes.
Since the founding of our company in 1923, Textron has grown to become a successful, tightly-managed multi-industry company with revenues of $11.6 billion (update $12.4B); 68,000 employees; and a diverse, global customer base. Today, we continue to expand our leadership positions in four core business segments..."
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Stock is at a four year low. Div yield is 3%, dividend amt. has almost doubled over past 6 years, shares outstanding are being reduced, ltd is being reduced, analysts expect continued profit improvement next year, pe is at a multi-year low.
I started to nibble today. TXT seems like it might work out profitably if given enough time. Not quite a standard value play, and perhaps too much conglomerate to be considered a growth stock. Still, it's come down enough in price to be appropriate for review by value seekers. Also it is large, strong, and consistent enough to be a suitable candidate at current price for inclusion in a patient Mom portfolio.
all imo, of course.
Paul. |
