Joseph Nadol
Joseph Nadol
additional best billion cash given key low performance stock view
Lockheed now has an additional $1.7 billion of cash to deploy, and its use of it should be a key to the performance of the stock. We view the repurchase of stock as the best use of cash given its low valuation.
aircraft bottom glut impact line numbers recovers traffic
It's not a significant impact on numbers. It wasn't in Boeing's plan. The bottom line is there's a glut of aircraft worldwide, even if traffic recovers domestically to pre Sept. 11 levels, it's going to take significant numbers for a recovery.
issue
I think profit-taking may be part of the issue here,
budget collapse crying defense fell gulf increase public spending sustained war
When the Gulf War happened, spending fell immediately thereafter. You had collapse of communism, and the need for budget cuts, ... Now the budget is heavily in surplus, and the public is crying out for protection. I think you'll have sustained increase in defense spending.