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Strategies & Market Trends : Value Investing

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From: Paul Senior	7/24/2009 3:51:22 PM
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One sector that looks to me like it's not participating in the strong rally is aerospace/defense: finance.yahoo.com^YHOh800&t=5d&l=on&z=m&q=l&c= I guess obvious that some big-ticket military programs will be reduced or cancelled. Hard for the individual investor to determine which companies will be significantly affected to the extent that a downward revision in their "normal" sales & profits will occur, and which stocks therefore should/must fall further than what has occurred by now. GD in a 52-week range 32-95 is now about 52. The current p/e is 8 and analysts still have it for 8 for '10. The average annual p/e has been above 12 for the past ten years. And the average roe over that period of time has been 20%. The p/sales number has in most years been over 1; now it's about .7. Although I expect GD to lose business as the military budget is cut (I presume this), GD's pretty diversified and will get its share of business. I'll bet on a revision to mean with the stock. For a few shares anyway. si.advfn.com

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