Defense stocks: I'm looking again at the sector after seeing that even more US spending is going to defense and that something different has happened in IRAQ: we (USA) have had four copters apparently shot down since mid January. (which is either an anomaly or a new aspect of the war)
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I'm considering TXT now, which makes or will make the Marine's helicopters. The contract's already let, the stock's up, so Textron's a speculative bet (that more helicopters orders will have to be placed), not a value pick at this point. Imo.
I found SAIC,Inc., a spook kind of company. (Who really knows what all they do, all the secret stuff and hidden contracts. And who ever heard of them - and they with 43,600 employees.) I'll assume that the high secrecy level that I suspect I see (or don't see)means that the company is tight with government defense officials (procurement). I have bought a few shares of the stock. Here again, a speculation.
I see I should have bought LLL when it was mentioned here (by Spekulatius in August). That stock's up from lows to highs:
finance.yahoo.com
Here are my positions in the defense/aerospace sector, fwiw:
finance.yahoo.com
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Fwiw, General Electric has a defense business component. That stock still looks attractive to me, and I'm considering averaging up on my position. (Because of relatively low forward p/e, increasing dividend, and company's on-going reallocation of capital (business acquisitions) -- not because of the defense component aspect of GE). |
