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Strategies & Market Trends : Bear Market Momentum Investing

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To: Peter V who wrote (94)3/25/2008 5:26:58 PM
From: Perspective  Read Replies (1) of 248
 
TXT - hadn't thought of this one. Big exposure to business jets - 70% of revenues are Cessna. Close to 52 week low.

finance.yahoo.com

blogs.barrons.com
CESSNA WORRIES HIT TEXTRON
Demand for business jets may begin to erode over the next several years, something that would hurt the profit performance of Textron (TXT), Cowen fretted Monday. The firm said the heavy exposure to the business jet market, which represents about 70% of Textron sales each year, could prove a problem two years out. It said it worried shipments would slow by 2010.

`BC
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