defense contractor great play on corporate welfare (government largesse) - e.g., Senate has already approved up to $500m in loans to repair docks damaged by Katrina - but they were insured! - stock dirt cheap - enormous backlog ($34.7bb - 5 qtrs of business) - defense business is hot right now - 2 thumbs up!
one of top 10 anti-competitive merger picks that would be approved by the Bush Dept of Justice - window may not be open long - merger with Lockheed Martin (LMT) would lessen price competition in defense contracting
75.29
+10.38%
09/07/07
the Fed will have to cut rates "big" now (after today's poor jobs report) because we could be staring at a recession - it's time to buy growth stocks like NOC - stock is not favored by the Street (20 holds) - but it's cheap - sells at only a 14x earnings multiple vs 13% (going to 14%) growth - has a great buyback program & accelerating growth - the right stock at the right time - triple buy
77.73
+13.96%
09/10/07
expect only a 25 basis point cut from the Fed - rates will not be cut deep enough to do anything this year - we could be heading for a recession - need stocks that can thrive in this environment - NOC's business has nothing to do with what the Fed does - is cheapest in defense group
78.11
+14.51%
01/28/08
a buy - generating a lot of cash
78.30
+14.79%
06/13/08
gotta buy it - cheap
72.30
+6.00%
07/24/08
prefer it to Boeing (BA) because of its steadier cash flow
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