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Technology Stocks : John, Mike & Tom's Wild World of Stocks -- Ignore unavailable to you. Want to Upgrade?

To: Logain Ablar who wrote (2036)	11/27/2000 8:36:30 AM
From: John Pitera	Respond to of 2850

Hi Tim, the weather has been colder than usual in Texas the past 6 weeks, obviously we've had some cold weather nationally for periods so far this winter. An east coast weather forecaster, made it a point to send me a PM saying that we have a shot at a colder than normal winter. This was about 2 weeks ago. ----------- I'm looking at GR as a value Play that's just gone back to it's 200 dma, and a trailing PE of 12 and a forward of 10. Price to sales of .7. GR has been transforming itself and I think they've been doing it below many people's radar screen's. BA has announced strong order numbers today which should indicate some strength in the aerospace sector. I suspect everyone still thinks tires when they think of BF Goodrich. The BFGoodrich Company (NYSE: GR) has its headquarters in Charlotte, North Carolina and employs 27,000 people worldwide. BFGoodrich's major business segments currently include Aerospace, Performance Materials and Engineered Industrial Products. Its Aerospace Segment, which accounts for $3.6 billion of the company's $5.5 billion in annual sales, is one of the world's leading suppliers of components, systems, and services to the aerospace industry. The company was recently included as number six in Fortune magazine's top 10 ranking of the most admired companies in the aerospace industry. In April 2000, the company announced plans to divest the Performance Materials Segment. For more information, please visit our website at bfgoodrich.com. The company needs further study, but we see what happens when we buy stocks without paying attention to valuation. this is an interesting blurb from 11-15-00 BFGoodrich to Acquire Raytheon Optical Systems PR Newswire - November 15, 2000 08:30 * Acquisition enhances company's position in fast-growing markets for electronics and remote sensing systems * Excellent strategic and technological fit CHARLOTTE, N.C., Nov. 15 /PRNewswire/ -- In a strategic move that significantly increases the company's position in space flight systems, The BFGoodrich Company announced today that it has signed a definitive agreement with Raytheon to buy its electro-optical systems unit. The business being acquired develops and manufactures advanced products and technologies used in space transport and payload applications, including systems used on the sophisticated Hubble Telescope Satellite and Chandra X-Ray Observatory. The companies expect to complete the cash transaction by year-end, pending completion of government reviews. The purchase price was not disclosed. (Photo: newscom.com ) The acquisition will dramatically advance BFGoodrich's strategy of becoming a leading supplier of satellite attitude determination and on-orbit control systems (ADOCS). In addition to being a world leader in precision optical sensors and advanced large optical systems, the Raytheon unit, which had revenues of $152 million in 1999, also makes laser warning systems and visual surveillance systems for day and night use. While many of these products were originally developed for military applications, there are considerable opportunities in the commercial arena, which Goodrich will pursue. In commenting on the transaction, Marshall Larsen, President and Chief Operating Officer of BFGoodrich Aerospace, said, "This acquisition will enhance our capabilities to provide systems for space vehicle control electronics and electro-optical remote sensing, two of the fastest growing markets in the industry. In addition, the combination of BFGoodrich technologies, including health and utility monitoring systems (HUMS), air data computers, fuel management systems, and micro-electrical machines with Raytheon's technologies in infrared sensors, electro-optics and spectral analysis will enable us to explore new applications in the commercial aircraft sector." Mr. Larsen added, "The company's rapid expansion in space flight systems is a perfect example of our strategy to build substantial and profitable businesses through small-to-medium complementary acquisitions enhanced by internal capabilities. With this latest acquisition, we are well on our way to creating a new and significant platform for profitable growth." According to Michael Piscatella, President of BFGoodrich Aerospace's Electronic Systems Group, "The acquisition will bring great products, capabilities and people into our group. The talent of the Raytheon people was a key factor in our decision, and we look forward to them quickly becoming part of the Goodrich team." Until early 1997, BFGoodrich's space business was limited to selling temperature and fuel measurement sensors. With four acquisitions over the past With four acquisitions over the past three years, the company has now assembled the skills and mass to become a leading ADOCS supplier with the ability to move into electro-optical payload design and manufacturing. In addition, BFGoodrich anticipates extending its new capabilities into related areas of the aerospace market to maximize its opportunities for profitable growth.