Like Universal Stainless (NASDAQ:USAP), I thought back in February that Carpenter Technology (NYSE:CRS) was an interesting high-risk way to play improving sentiment about aerospace (or aerospace components) with maybe an "at least it won't get worse" kicker from energy. Like USAP, Carpenter has rewarded that viewpoint, with the shares up almost 50% from the time of my last article.
I'm not as bullish on Carpenter now, though. I do believe that the comments coming from major engine suppliers like General Electric (NYSE:GE) and United Technologies (NYSE:UTX) bode well for deliveries over the next three to five years, but I'm still concerned that overall aircraft deliveries will disappoint (especially in widebodies) and that
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