LLL: Strong Buy

L

Landis82

I like certain stocks in the defense sector, especially the middle-tier ( not prime ) electronics defense contractor L-3 Communications.

Buy L-3 today with a stop in at $61.50 for a long term "core" position.

$1.2 billion in net free cash flow and corporate guidance of +10% nominal earnings growth for 2009 = $7.50 per share,; with 8% organic growth vs the 6% sector metric, $1 billion stock re-purchase over the next 2 years, and the smallest pension fund expense "headwind" in the entire defense sector.

Do your own due-diligence.
 
Quote from Landis82:

I like certain stocks in the defense sector, especially the middle-tier ( not prime ) electronics defense contractor L-3 Communications.

Buy L-3 today with a stop in at $61.50 for a long term "core" position.

...

Do your own due-diligence.
More...

I'm just afraid L-3 will come back to 61.50 and get you out and go up again without your "core" position :p
 
Quote from blnbr:

I'm just afraid L-3 will come back to 61.50 and get you out and go up again without your "core" position :p
More...

That's why it's going higher.
It doesn't care about me or you getting "in".
:)
 
Got pushed down to 64.07 on the weaker opening . . . Now rallying back and trading -$1.00 at 66.17 as the Dow is still -390 points.

Buy the dips.
 
It's Friday and after trading as low as 64.84 the stock is heading back up to the highs of the week . . . trading as high as 68.17 with 45 minutes left in the session.

Ran into minor resistance at the 21-day MA yesterday just above $69

LMT, GD, and NOC are trading up as a group as well.
 
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