In a recent interview Mario Gabelli said that Kaman (NYSE:KAMN) is an interesting play on the commercial aerospace industry. Kaman may not get enough credit for its aerospace business because it also operates a large industrial distribution business. Investors like pure plays, but the combination of the aerospace and industrial distribution segments makes Kaman more difficult to analyze and value. This structure may also create an opportunity for investors as Kaman is trading at a relatively low valuation and has a good story under the hood. In this article, I will analyze Kaman by looking at each of the segments and understanding management's growth plans.
Key Drivers, Developments & Catalysts
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