Posts Comments

Lockheed Martin

Room To Run

September 22, 2009 By 1 Comment

As the market nears 10,000 and the S&P nears 1,100 it is getting increasingly difficult to find stocks that have missed the surge upward. I have come up with a list of stocks that I have missed the market move upward and still have tremendous upside.

1. Lockheed Martin (LMT) – nation’s largest defense contractor trading below $80 per share.

2. Supervalu (SVU) – I bought this stock at $12 and it has had a nice run to $15. I think this stock could easily hit the $20′s over the next year.

3. Electronic Arts (ERTS) - video game software company is a turnaround play or a takeover candidate. The company has no debt and is trading at $18 per share.

Filed Under: Finance Tagged With: ,

Today’s Buys

July 22, 2009 By 2 Comments

I picked up shares of Lockheed Martin (LMT) at $76 per share today. Lockheed has dropped from the mid 80′s after reporting a decline in profitability and amidst news that the US government cut funding for the F-22 fighter jet program. I think the nation’s largest defense contractor is very attractive at this level. It’s trading at just 10 times earnings and has a solid balance sheet.

I also bought Allegheny Technologies (ATI) at $28.40. Allegheny was down 18% after reporting negative earnings for Q2 and forecasting no earnings growth for Q3. This stock could drop to $26 in the short term but I like the upside potential when metal prices rebound and the aerospace industry recovers.

Filed Under: Finance Tagged With: ,