Todd Campbell
Long/short equity, growth, medium-term horizon, registered investment advisor

Teledyne Is More Than An Aerospace Company

Teledyne (NYSE:TDY) is known for its aerospace and defense products, but the company has increasingly shifted its business to include fast growing energy and marine markets too.

The combination of an increasingly diverse client base and ongoing aircraft production growth offsets short term headwinds tied to slowing defense spending tied to sequestration. This suggests it may be a good time to consider buying shares in Teledyne.

The catalysts likely to boost Teledyne shares this year include:

  1. Strength in instrumentation sales;
  2. Easing comparison's for weaker digital imaging and engineered systems segments;
  3. Strong aircraft results; and
  4. Profit growth tied to cost cutting.

Instrumentation is Teledyne's strongest market.

The company benefits from strong sales growth in its instruments division, which is...

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