29-12-2013, 09:06 PM
A simple peer comparison yields the following:
General Dynamics (13.51)
Lockheed Martin (15.83)
Northrop Grumman (13.72)
BAE plc (14.32)
suggest a PE around 13 - 16 seems to be the norm for defense conglomerates, but EADS (29.71) are outlier although I am not sure why.
I am vested in ST Eng recently when the price corrected.
General Dynamics (13.51)
Lockheed Martin (15.83)
Northrop Grumman (13.72)
BAE plc (14.32)
suggest a PE around 13 - 16 seems to be the norm for defense conglomerates, but EADS (29.71) are outlier although I am not sure why.
I am vested in ST Eng recently when the price corrected.
You can count on the greed of man for the next recession to happen.