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Strategies & Market Trends : Value Investing
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To: Paul Senior who wrote (31811)8/21/2008 12:32:25 PM
From: Wallace Rivers  Read Replies (1) of 78750
 
Bought TXT @ 37.86 today.
Don't quite understand the angst that has driven the price down to a 52W low. As I said before, very modest PE given its YOY growth. Record backlog at Cessna, its biggest division.
Perhaps the market is anticipating that this backlog is at an absolute peak, and the issues at the finance division will continue to grow.
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